From my experience working in biotech I would say certainly a B.S. in a scientific field (like biochemistry, etc.) There is often a hard cap in the career trajectory without a PhD. Often there are enough PhDs out there that moving into management in industry often requires this vs. Stagnating as a lab scientist without a huge upward spike in income/responsibilities.
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The current labor market is paying much better than before for scientists with just a B.S.
I do agree that there is little economic value in most Ph.D. programs.
From my experience working in biotech I would say certainly a B.S. in a scientific field (like biochemistry, etc.) There is often a hard cap in the career trajectory without a PhD. Often there are enough PhDs out there that moving into management in industry often requires this vs. Stagnating as a lab scientist without a huge upward spike in income/responsibilities.