Tildes, I'd like some opinions please! I work in a genetics lab as a research assistant and I've got the opportunity to pursue a PhD under the supervision of the lab director whilst maintaining my current position and salary, with work I'd probably be doing anyway contributing to my thesis.

I feel like this is a pretty good opportunity: I'm not getting any younger and I have a young family, so going back to school to do this on a studentship is not an option, and my employer is willing to fund half the tuition fees and cover materials/ reagents etc. Word in the media is that there is a glut of PhDs at the moment, but I don't have my heart set on an academic career, so I won't be crushed if I end up in industry. I'm based in Europe, so would be looking at taking 3 years for the whole degree, which is coincidentally when my current contract is up.

Has anyone pursued a PhD under similar conditions? What was your experience like? Was getting your PhD worth it (especially in the life sciences/biotech)?

Thanks!