"If it is just a hobby"
What, from the post you are replying to, leads you to this? If it was not an intentional misrepresentation, I am curious about the line of thought leading to this.
What, from the post you are replying to, leads you to this? If it was not an intentional misrepresentation, I am curious about the line of thought leading to this.
Rumour has it doing a PhD might actually be a rewarding experience in its own right, and not derive its value solely from the possibility of remaining in academia.
Coupled to that, PhD slots are generally funded, so university at PhD level is normally less 'expensive' and more 'opportunity costs'.