people say all the time that PhD is not important; it's waste of time. masters would do just fine and what really matters is your talent and skills, not your degree. that might be true, but in other areas besides science. if you're looking for a research based career (academic or industrial), you'll be better off with a PhD. if you are in the engineering field or want a 9-5 job as a lab tech, go get a masters degree.

i sense people in biomedical and chemistry related fields taking PhD as a burden. if you don't like it and you're doing it just because you think you have to, you probably chose a wrong career.