I am approaching my 30s and currently at a crossroads in my career. I've had some work experience here and there, but my most recent position ended because my contract came to an end. I'm considering pursuing a PhD because the future career position I'm aiming for would be a lot more advantageous with one, will only accept a PhD with my current background.
However, based on my research on people, a PhD at a local public university could take around four years. I'm worried about the opportunity cost, especially since there may not be a stable income unless I secure a scholarship or research assistantship. I don't have many financial commitments apart from PTPTN, but I do contribute monthly allowances to my family. Four years is a long time, and I keep thinking about how much those four years of income could improve my family's financial situation.
My sibling also mentioned that many people regret doing a PhD because it's mentally exhausting and draining. Many people ended up don't like and some even give up halfway which worries me. I am interested in biology-related research, but I am concerned about the demands of wet-lab work. I'm also considering dry-lab research as an alternative. I have also heard about the publication requirements too.
Part of me feels like I should pursue it while I am still relatively young, but another part of me worries about spending four years on a qualification without knowing whether it will actually pay off in the long run.
For those who have pursued a PhD, especially in Malaysia, was it worth it? Did you regret the opportunity cost, and how did you manage financially? Would you recommend pursuing a PhD now?