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Not to be a downer, but is a Ph.D. in biomedical research a worthwhile investment of time and energy? Aside from becoming a Principle Investigator, what other opportunities does it open?

I recently graduated from a bachelors degree in life sciences, and I have 24 months of research experience, with authorship of one paper. I originally intended to pursue graduate studies, but now I no longer see any good opportunities open to Ph.D. graduates.

Edit: Thank you all for your responses, they've given me a lot to think about.