So, after I handed in I managed to get ill (not drink related!) and missed my own handing in celebrations, then spent the next day in bed. Only now just feeling right again!
Anyway, some interesting thoughts here. In my experience, within the department I work in there are some 200 PhD’s, with around 40 new candidates each year. I can only think of 2 that have quit within the time I’ve been there, and no one has failed their Viva. One person got given the maximum period of corrections (2 years!), but that’s highly unusual. I’m sure more dropped out, but barely enough to register. Maybe it’s a highly successful (and unusual) department, I’ve no idea!
On word counts, I think mine is around 60,000 (90,000 including all tables, captions, references, etc.) but there are folk I’ve known who hand in 40,000 or less and still pass with flying colours; these are often students who are doing modelling work.
I would definitely not recommend doing a PhD simply to get a better wage. It’s a huge gamble. A PhD is many things – training, enlightenment, knowledge acquisition – but a route to money it isn’t. But that’s not why most people do them.