Are you thinking about applying to a PhD program? Are you already a doctoral student? PhD is a huge investment of time and money. So make sure you spend 15 minutes of your time reading this blog devoted to PhD program success and survival tips. I'm confident that these tips can save up to 10 years of your life, up to $1,000,000 of your money, and, most importantly, your physical and emotional health.

Monday, March 30, 2009

It's all about the money!

Many professors like to preach to their PhD students that being a professor is not about money. One of my advisers once told me after a few glasses of wine: "You know, I didn't go into academia because of money... I could be a millionaire if I wanted to! Yet I chose to do research and help young fellas like you instead".

Don't be so naive my friend... It's all about money. In fact, since there are so few opportunities in academia to make good money, most profs would step over their mom's dead body to pick a few bucks from the floor. I was once assigned to crunch survey data which contained responses from faculty members at a big school. Guess what was number one concern among the altruistic profs? Yep, money! Virtually every prof was whining about money and asking for salary increase.

Cash, Rules, Everything, Around, Me
Get the money
Dollar, dollar bill y'all

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