Yes and no. I would say for the field OP is in, a lot of jobs will have B.S. or M.S. as the “required” education, and then M.S. or Ph.D. as “preferred”. The U.S. just dumped $280B into the CHIPS act, so now is a pretty good time to be in semiconductor R&D. The folks I work with seems to have little trouble popping back and forth between industry, academia, and government.