the career path of phd

it really depends. there are in general two types of ibank jobs, namely:

1) phd quant that requires you have advanced mathematical background as well as programming expertise in c++, java, vba, etc. in this type of job, finance phds are less competitive than math, physics, engineering, CS phds.

2) non-phd quant job, however, which does not require you to be eduacated at a phd level. therefore, why do you spend 4 years on low-paying phd study instead of getting your MBA in two years then jumping into ibanks?

of course, i dont rule out other possible types of jobs that fit the capability of a phd in finance student very well. actually i am interested in knowing if there are such kind of jobs.