For each of these function cited above, explain how financial markets (or securities market) perform each function. Today I heard someone speak about their surprise about planning for growth in ministry. They were shocked that we would think ahead and prepare for a time when we outgrow our present facility. My response was that no one ever birthed a baby without hoping and preparing that the child would one day turn 18 and be on his own. Have you ever heard of anyone watch their daughter graduate without praying that she would continue to learn and develop into a mature responsible adult. Every ministry must prepare, plan and grow or it might as well prepare and plan to die.
Additionally, even among companies that do higher both Master’s and PhD’s, there can often be a difference in flexibility. Big companies (I’ve heard Boeing among others) lets PhDs have much more say in the type of work that they do than Master’s students. A friend of mine whose dad worked at Boeing in EE recommended getting a PhD for the additional flexibility alone.