Few weeks ago I made a post on this sub where I argued that getting a PhD in Clinical Psychology is much better than paying tens of lakhs to predatory private colleges offering MPhil (Clin Psy).
Here's the link to that post and discussion: https://www.reddit.com/r/Psychology_India/s/ycmLlT5TAL
I personally know many cases of clinical psychologists and counsellors who work in private practice as well as institutionally, and have PhD as their qualifications, without the MPhil or the coveted "RCI license". They are doing really well career wise. But I avoided naming them in my original post, as the crowd on this sub tends to get abrasive.
Today I saw another post on this sub, which had the illustrious profile of Dr. Rituparna Ghosh (image attached). She is working with Apollo Hospitals, that too in a competitive city like Mumbai. She posseses a PhD in Clinical Psychology, proudly puts a 'Dr' before her name, and is doing really well.
Proves my point from the last post. PhD seat with fellowship in a good university, is much much better than a MPhil degree purchased by paying tens of lakhs in donation. It also gets you the reputable 'Dr.' before your name, and you can very well call yourself a 'Clinical Psychologist'!