Re: OK, so
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Yes, he could be like that guy. How likely is it? How much competition will there be? And are there comparably good opportunities without the Ph.D? Pointing to single examples of guys with Ph.D's and saying "you could do that" isn't really the most firm foundation to make the decision on. Five years in the workforce, with promotions and raises, seems like it will probably be as good or better for many jobs where the Ph.D won't be necessary.
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My point was that the PHD does present opportunities other than being a professor. For some reason this guy Sohn sticks in my head. I don't know if I saw him speak somewhere of just remember reading his stuff in the papers.
If I weren't aware of him in some fashion I'd never think of being a bank's Chief Economist. Just not a position I'm all that familiar with. Yet if Dean is going to an institution that well regarded and finds a passion for something like this, the PHD would pretty much be a requirement.
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