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One thing that is nice about computer science, perhaps as compared the natural sciences, is that a Ph.D. is absolutely a valuable industry degree. Just look at some of the best examples: Jeff Dean, Sanjay Ghemawat to name two. Many modern companies in the computer industry - though not all - value Ph.D.s and actively try to hire them.

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I agree they do, but in my experience they also make them do aptitude tests like whiteboard coding or asking trick math questions. These tests overlook the actual (rare) skills the candidate has in favor of skills more often known only to certain types of engineers and CS majors.

I've been considering taking up studies in medicinal chemistry. And it seems that job offers in that field often mention PhD as at least desirable, sometimes mandatory.

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