How competitive is string theory compared to other fields?

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Competition for PhD programs in string theory in the US and UK is notably intense, with significantly fewer academic positions available compared to fields like condensed matter physics. Annually, US PhD-granting institutions typically hire between 100-150 candidates in condensed matter, while string theory sees only 0-2 hires. The job market for academic positions is unpredictable, especially looking 15 years into the future. Concerns about the viability of pursuing string theory as a career path are valid, given the stark contrast in hiring statistics. Overall, aspiring physicists may want to consider alternative fields for better job prospects.
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I'm Indian and I've heard stuff that it is difficult to get into a good PhD program in the US/UK for string theory because the competition is more fierce than other fields. Furthermore,the likelihood for getting academic positions is even tougher(added to the fact that I'm from a different country) - and so was advised by some profs to go for other areas like condensed matter physics. I have a suspicion that may not be fully true.
 
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I am guessing from your other post that you are a 1st or 2nd year undergrad, perhaps younger. That means you'll be looking for a faculty position 15 or more years from now. I can guess what the market will look like then, but it won't be a very good guess. Nobody can make a good guess that far out.

What I can say is that over the last few years, there are between 100-150 condensed matter hires per year at US PhD granting institutions. Typically, there are 0,1 or 2 string hires. (Since 2009, there have been three)
 
@Vanadium: Thanks for the reply - what specific granting institution are you talking about? 2-3 hires seems low enough :P
 
All of them.
 
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