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Options available with MS and limited experience vs going back for PhD

I have a MS in Mathematics and am working as an analyst for about the past 4 years. However, my job has tended to be light on the analytics and much more heavy on the business and managerial side. I appreciate that experience, but I overall don't find my work to be intellectually stimulating. I worry that since I haven't gained significant analytics skills, my next job may be more of the same. I am considering going for my PhD, but I wanted to get opinions as to the feasibility of finding an intellectually rewarding and stimulating job with my current education and lack of rigorous analytical experience. I would also be interested to here suggestions of other training routes that would serve the purpose but be much less time intensive than the PhD.

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Where do you live? An MS in Stats or Industrial Engineering/Operations Research might do the trick. From what I see its hard to get into a reasonable PhD (especially with support) in a Analytics type of topic (read no more theoretical math). If you live in a metro area you most likely could find a good analytics program that will fit the bill. Be sure to include a business course or two into the mix.
Thanks MikeJay. I live in Baltimore.
Does Johns Hopkins have an evening program (as I recall they do) that would definetely worth looking into (they have an excellent engineering and applied math department). The business school is good you should be able to design a program that reeks of analytics. Also dont forget University of Maryland Baltimore County there seems to be a number of programs that will work. If you go for say an MA in Econ be sure to take electives in Stats and DataMining.
Take a look at the most recent salary numbers from ASA (American Statistical Association). Having a Ph.D, and managing a team can lead to a high level of compensation
. With that said, money ios not everything, but having the Ph.D., does get people to listen. Trained as a Quantitative Analyst, I am actually spending most of my time doing economics, a hot topic these days. Your Math MS will set you up for the most complex mathematics in stats or Econometrics.

Be open to opportunities that do not immediately seem to fit. My work as Chief Economist at Kronos grew out ofd what started as a fairly mundane position running an analytics team. If you know how to take what you know and apply it in new and interesting ways, you can carve out a niche in lots of different places.
Thanks Robert, I think I have the same problem as Jonathan. My level of analytics is somewhat upper meniscus of Basics. I am right now in Asia. (I was in Africa until June 09 ,my employer has technical capacity building scheme with some Asian Financial Institutions). What I want to askis, can you suggest some specific training one needs, e.g SAS, etc. 'cos I am right now handling a lot of data involving accounting terms, yet I am not an Acountant, but have a MBA in Finance and MSc in Statistics (I am a Statistician anyway). But I am seroiusly thinking about the PhD by research approach, But I need certain indepth skills in terms of Analysis beyond the current level; upper Basics.
Thank You
A Ph.D. in electrical engineering is essentially a Ph.D. in theoretical math.
>From what I see its hard to get into a reasonable PhD (especially with support) in a Analytics type of topic (read no more theoretical math)

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