| | Re: Msc vs PhD
I guess you should look into the amount of time you need to finish a MSc. and a Ph.D.
I did both, however the Ph.D has greater implications for academia (as well as getting a Dr. scientist title I guess :P ), whereas the Masters can be quick (even in a year or so however most take 2 years) but can help you get a job in biotech.
To be honest, I thought too much effort went into my M.Sc. as I had to defend it, publish papers, and write a thesis. I think that effort could have went all into the Ph.D and it would have been easier.
Obviously salaries vary between Ph.D and M.Sc., however I would weigh in the time needed to do a M.Sc. vs a Ph.D (1-2 vs 4-6) and factors such as final pay, where you want to reach (goals), and other factors you can think of.