UMAA, UIUC, Berkeley just as good as MIT Grad. school for engineering?

<p>Aren’t you restricted to many kinds of jobs when you overqualify yourself by receiving P.H.D. though? I mean your mostly only good for academia. Sure, a PHD in aerospace will land you a job in NASA but for the most part, PHD’s lead almost always to teaching jobs right? Also, many companies don’t allow doctorates to research on broader areas. They restrict their research to the prime interests of the company (naturally). As a result of this, many PHD’s prefer to work in large universities so they can do research without having to face the constraints pinned on them by the companies. </p>

<p>Gee, is a PHD really worth it?</p>