Applied math vs. statistics PhD -- job prospects I'm a math major considering pursuit of a PhD in applied math or stats when I graduate. I'm trying to ascertain the job prospects in these fields. Can anyone provide some information on how readily jobs are available in industry and academia in these fields, what the pay is like, etc.? Do those with a PhD in one of these disciplines fare considerably better than those with a PhD in the other? What are the pros/cons of the two degrees? I'm particularly interested in applications of math to biology -- bioinformatics, systems biology, etc. What postgraduate degree would be best for pursuing work in these fields? Any information or advice on these topics is much appreciated. Thanks.