I realize that this question has been asked before and I have read through some of the other threads but I figured I'd see if there are any more perspectives out there. I am currently a research embryologist for a small fertility clinic with a Bsc in molecular biology. I have about 2 1/2 years of experience and have been accepted into an Masters in Bioinformatics program. I am very excited to begin taking classes but l have recently begun second guessing whether I should have tried to get into a PhD program. I will not be able to continue working at my current job while I am in school so I will likely be paying for school with loans unless I'm able to find a job after I relocate.
Those of you who have Masters degrees, would you do it again or go for a PhD? From what I have found searching around the site many people say PhDs are more academically focused while Masters degree holders tend to find more positions in industry. Is concern over the cost of a Masters degree a good reason to consider a PhD instead or do most of you find you were able to offset your education costs with the job you eventually found? Any advice would be greatly appreciated!
Thank you in advance!