How much can someone with a phd in physics make?

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Discussion Overview

The discussion centers around the potential earnings of individuals with a PhD in physics, exploring various career paths and their associated salaries. Participants consider different job roles, including academia and industry, and reference specific examples and statistics.

Discussion Character

  • Exploratory
  • Debate/contested
  • Technical explanation

Main Points Raised

  • Some participants emphasize that pursuing a PhD should be driven by passion rather than financial incentives, while still expressing curiosity about salary ranges.
  • One participant humorously suggests that earnings can range from $0 to hundreds of millions, depending on the chosen career path.
  • Another participant specifies interest in research-related positions, such as university professors or government roles.
  • A link to a salary statistics resource from the American Institute of Physics is provided for reference.
  • Brian May's substantial net worth is mentioned as an example, with a note on his unique career path from rock star to scientist.
  • A participant shares specific salary figures for PhD-level quantitative analysts on Wall Street, indicating starting salaries and potential bonuses, along with career progression details.

Areas of Agreement / Disagreement

Participants generally agree that salaries for PhD holders in physics vary widely based on job choice, but there is no consensus on specific figures or the best career paths.

Contextual Notes

Some claims about salary figures depend on specific job roles and may not account for all variables, such as location, experience, and industry differences.

agent_509
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I know that you shouldn't get a phd for the money, and you should get one because you want one. I am just wondering how much someone with a phd in physics can make depending on what job they choose.
 
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Same range as somebody with a high school diploma can make. Anywhere from $0 to hundreds of millions of dollars a year. Like you said, it depends on what job they choose. What job did you have in mind specifically?
 
anything involving research in physics. Whether it be being a professor at a research university, working for the government, most anything involving research really.
 
http://www.aip.org/statistics/trends/highlite/salary/salary06.htm (from the American Institute of Physics)
 
Brian May is worth about $80 million, but his PhD is in Astrophysics. I don't know if you're considering the various sub-fields or not.
 
Troponin said:
Brian May is worth about $80 million, but his PhD is in Astrophysics. I don't know if you're considering the various sub-fields or not.

Ah, but he took that rare and difficult rock-star-to-scientist route :wink:.
 
okay, thanks for the answers everyone, I think I got what I was looking for from jtbell's link.
 
agent_509 said:
I know that you shouldn't get a phd for the money, and you should get one because you want one. I am just wondering how much someone with a phd in physics can make depending on what job they choose.

Starting salary for Ph.D. level quants on Wall Street is roughly $100K + $50K bonus. With three years of experience, you make VP level, and that gets you about $150K salary + $100K bonus. Most people stay at VP level for the rest of their careers, but I know physics Ph.D.'s that have gotten into managing director level, and total comp there can be $500K+.
 

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