[ebg13]

> I'm curious, what advice would you give to a person that is in that position you were when the opportunity of PhD was given? (and have a childhood dream of being a professor)

Bluntly, if your goal is to become a professor, don't. With 99.99% certainty, you will not become a professor and the opportunity cost is extremely high.

Almost nobody with a PhD who dreams of being a professor ever actually gets to be. Most quit or only ever become adjuncts, and, in the US at least, adjuncts earn less than minimum wage and get zero respect from anyone. Most likely you will be abused by institution after institution who will keep telling you how important your dream is while stringing you along and paying you next to nothing. Or you will quit. Or you will have a mental breakdown.

If you can see yourself being happy doing literally anything else, do literally anything else. If you can't see yourself being happy doing literally anything else, spend some more time thinking about it.

If you're independently wealthy and don't really need to succeed at the goal to live a happy life of luxury, then definitely go for it.

[NalNezumi]

Seems like the general consensus is that PhD might not be a waste of time, but whatever path afterwards in Academia might be. Thanks for the feedback!