]Hi all, I won't go on for too long, but am speaking from my own experiences. Can I answer my own question? Hmm. Yes (major) and no (minor). Yes, because:
* it was an excellent training in this field of chemistry (organic synthesis)
* it developed my synthetic laboratory skills at this level
* I have a skill-set that remains with me to this day
* can lead to related jobs in industry or academia
* some supervisory/instructing experience that could help with teaching scenarios/professions
* an academic training and way of life
* I enjoyed going into the unknown on a journey of discovery: it was something I always wanted to do
* I have achieved chemical changes that no-one has done before (to my knowledge!)
* I would have regretted not doing it, if I hadn't, in terms of 'discovering' new things - a bit like a mountaineer who find new ways to ascend a mountain.
No, because:
* in my opinion, there are too many PhDs around for the realistic number of suitable jobs in organic chemistry research
* the pharma industry is rather too competitive to get into as a research chemist (I was pre-warned about this before starting the PhD)
* perhaps I should have got more experience in industry
* more jobs are being outsourced to cheaper labor markets (e.g. India, China, Brazil etc.)
* for the time, effort and financial 'loss', I have never recovered financially compared to if I was employed after my undergraduate education in some other profession (accountancy?)
* for the last point, perhaps, I should have chosen another career path
* some employers (outside science/education) may consider it 'over-qualified'.
So it continues to remain a mixed bag for me. I can't say about other disciplines of PhD, but they may be easier to remain in long-term (e.g. molecular biology, genetics, pharmacology).
I hear that more chemists are 'going into computers' and generally better pay. Assuming it is a programming-related career (more that HTML, e.g. PHP, Java, database administrator), the person must have a aptitude for it, if it wasn't part of their formal degree modules; enterprise-level programming is really high-end stuff. High-school teaching and other types of educational activities seems to be another popular area for trained chemists in demand, globally, including International Schools that provide a route to get local students into westernised universities.