The Ph.D., the Doctor’s Degree in Philosophy, in a subject symbolizes that the research scholar has obtained the highest competency level in his or her subject or filed of research. It is a signal to the prospective employers that the Ph.D., Degree holder has all the relevant analytical and subject related skills. 

The successful completion of the Ph.D. degree presupposes the process of preparing a proposal and planning of the research work. This deems that the person has met the highest standards of his or her academic field. A Ph.D. degree demonstrates the complete mastery of the subject (even though, complete mastery in a particular field in unattainable) .

Holders of the Research Degree can teach at the universities as assistants, readers, professors, and/or associate professor of full time professors of the university. Conventionally, a Ph.D., degree used to give a good career in the field of teaching though it is not entirely true today. However, a Ph.D. still is a guarantee of a good paying academic position at many universities.

Ph.D. program involves extensive training in terms of research methods including interviewing, surveys, clinical research etc. Writing a good Ph.D. proposal requires a lot of skills. Soft skills gained during this research are global and can be transferred to a non-academic environment too. In addition, non-academic field employers look out for candidates with good research skills so that their prospective employees can carry out the think-tank projects.

Ph.D. increases the earning capacity solely because of the expertise it demonstrates. A doctorate degree can expect higher pay both inside and outside of the academic field.

The Ph.D. has always been viewed as a symbol of prestige. The holder, having demonstrated remarkable talent, is considered to belong to the class of intellectuals.