Re: PhD...
Cant comment on the academia stuff, but can on the cash.
its paying £14k
you could get another job now @ £20k (guess)
In 3 years you will have a PhD - whats that likely to be worth ?
If you can walk into a £30k job with a PhD then in 2 years you would have caught up again.
Look long term
And, if doing research there is the chance of a discovery that nets you LOADS of cash.
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