Even though I'm doing really well in my upper level physics courses, I'm starting to get disillusioned with physics job opportunities, even for a PhD. From all that I'm reading, it seems the chance of getting a tenure track position is remarkably low, even for graduates from a top grad school. I'm therefore thinking of cutting my losses time-wise and going for physics high school education, which is actually in demand. Although there are claims of good job opportunities for physics PhD holders outside the field of physics (although I'm not even too sure about how plentiful the opportunities are - I am starting to suspect it may be similar to the 'physicists can do engineering as well as engineers can' myth), I don't understand what the point is of investing 6-7 years in a physics PhD when you will wind up in a job that might pay well, but has nothing to do with physics? How many quant jobs are there - and how will I know if I enjoy them? Modeling the economy writing code all day? Doesn't sound too fun, no matter how much they're paying. On the other hand, a high school teacher might be teaching the basics and pay modestly, but at least I'll be getting paid to talk about physics all day. What would be the point of a PhD if you aren't going into academia realistically - a personal Mt. Everest? Just to prove something to yourself or others? I am honestly open to hearing from others what the benefit is, but as of now I don't really see it - all I read is how saturated the PhD student population is, even in something like Physics. Are there private research labs, or anyway to do physics research outside of academia? All the companies I go to online (Intel, Boeing, etc etc) seem to be looking for engineers, not physicists. And even engineers are whining about lack of job opportunities on other boards/forums. /shrug What can a physicist do, outside of academia, in physics?