How to deal with the PhD requirement in Research industry?
I have looked in this area a bit and have realized you need a minimum PhD to work in the tech research. For example, Google Research, MS Research, Quant Research in a Trading Firm, etc.
Now, a PhD does take around 5 years of time with no salary as such.
I am an Asian who is cs senior undergrad graduating in 2022. I already have got a offer at 95k usd per year for a software engineer role once i graduate. It's huge money for me. I have been funding my undergrad with a 5k usd per year scholarship.
Now I am actually interested in doing research rather than being a software engineer. And I know I am good at it. (If its fun then I am good aint i?)
Me and my parents have a concern that i might be wasting 95k*5 ~ 0.5 mil usd into a phd and my job would be something like 200k-300k usd per year which i could even get after 5 years of swe exp. They arent wrong I believe.
What options do I have now? (Not losing 0.5 million and still being able to do good research)
The firm with the 95k offer will never let me get into research. They only want software engineers. They hire only phds for research.
I have thought of some scenarios: 1. I work a few years (3-5) at 95k usd. save money for fam. do phd next 5 yrs. try to get a offer that might ignore the revenue i lose in those 5 years.
2. I do partime work senior year ug and then try to get partime work/ many industry internships during phd so i still be able to make ~60-70k usd per year (Not doable I think)
3. I not do phd and stay in a swe role which is interesting but i will always regret not doing research. (noooo)
4. I join a firm which identifies my research potential in UG itself. It provides for a transition from say swe-level role to phd level research without a phd in within 5 years of swe-level role. (i guess no one allows someone to do phd-level research without phd).
Any ideas? Any comments?