Mathematicians and physicist underpaid

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SUMMARY

The discussion highlights the financial challenges faced by graduate students in mathematics and physics, emphasizing that their starting salaries are often below minimum wage when considering tuition and living expenses. Participants noted that graduate students typically earn around $9,000 annually while working 20 hours per week, which translates to approximately $9.38 per hour. Comparisons were made to other professions, such as nursing, where salaries are perceived to be more favorable. The conversation underscores the need for prospective students to carefully consider the financial implications of pursuing degrees in these fields.

PREREQUISITES
  • Understanding of graduate school funding structures, including tuition waivers and stipends.
  • Familiarity with salary benchmarks for various professions, particularly in STEM fields.
  • Knowledge of the job market dynamics for mathematics and physics graduates.
  • Awareness of the workload and compensation for educators in mathematics.
NEXT STEPS
  • Research the financial aid options available for graduate students in mathematics and physics.
  • Investigate salary trends for mathematics and physics graduates in various industries.
  • Explore alternative career paths for mathematics graduates beyond academia.
  • Learn about the benefits and drawbacks of teaching positions in mathematics and their compensation structures.
USEFUL FOR

This discussion is beneficial for current and prospective graduate students in mathematics and physics, educators considering teaching careers, and anyone evaluating the financial viability of STEM degrees.

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Such difficult courses (math & physics) comparing to the many, many other programs but sooooo underpaid comparing to; physiotherapists, electricians, nurses, ultrasound technicians, garbage pickers, etc.

Sooooooo difficult to get a job in those fields (math & physics) and starting salaries are "embarassing".
 
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During an especially boring classical mechanics lecture, a few of my fellow compatriots and I calculated that we make less than minimum wage as grad students.

You've got to want it! Or so they say
 
but what exactly is that "less than minimum wage"? is that in addition tuition, living,.. expenses. I've been wondering how much money do you really receive in grad school. I might need to start a separate post for that, though.
 
brentd49 said:
but what exactly is that "less than minimum wage"? is that in addition tuition, living,.. expenses. I've been wondering how much money do you really receive in grad school. I might need to start a separate post for that, though.

One of my professors was talken to me about grad school students. He said they normally can get tuitions waved and end up making about $9k a year and only work 20 hours a week here.
 
Hmm... I wonder if my physics degree will help me break into the garbage picking industry...
 
Believe it or not, garbage collectors make a good living.

PL
 
Yah they get a damn good salary...
 
Pengwuino said:
One of my professors was talken to me about grad school students. He said they normally can get tuitions waved and end up making about $9k a year and only work 20 hours a week here.
$9000/12months/80hours= 9.375
it is about the starting wage if you work in bestbuy at dallas
i am a freshman student in math major, and two of my jobs are paying 8.5 and 10 dollars per hours (unrelated to mathematic, but it requires professional skill).
so yea... think about it b4 you major in math and science
most students still end up teaching.
 
Last edited:
$9.38/hour starting wage at best buy?? Thats almost 50% higher then the minimum wage
 
  • #10
$9 is decent pay for a part time job. I wouldn't plan on starting a family on a $9/hr job.
 
  • #11
I wouldn't plan on starting a family with a part time job :P
 
  • #12
I once saw a person wearing a sweatshirt that said
"University of Florida
Graduate Assistant


It's not just a job,
it's an indenture!"


But where did you get the idea that mathematicians and physicists are underpaid compared to nurses? Nurses don't make nearly as much as they should!
(And that's said by a mathematician!)
 
  • #13
Let me tell you; at a local community college salary for a math teacher with 4 yrs experience $39,700.00/yr, and for a nurse with 7 yrs experience $35.10/hr , in Ontario, Canada. I am not saying that a nurse is overpaid although it is a good money, i am sayiny math graduates are very, very underpaid.
 
  • #14
Pengwuino said:
$9.38/hour starting wage at best buy?? Thats almost 50% higher then the minimum wage

I remember my friend was getting that working in the stereo/audio department, but he said that others made slightly less(except for geek squad who make even more).Oh, and it's almost 100% higher than minimum wage ;) I know what you meant though.
 
  • #15
Wow, that's a sweet deal. I should try to get a job there.
 
  • #16
Pengwuino said:
Wow, that's a sweet deal. I should try to get a job there.

what i would do is to major in math still, then apply a job in bestbuy. Become their market analysist, etc. lol

----------------- what a joke above----------------------
Teacher is always underpaid, but you need to include its benefit, work schedule, paid holiday and etc.
Math (tutor + Educator) are a high paying job, if you want to work after school. lol
 
  • #17
Teacher has no benefits unless you love teaching. The work is damn hard. After you're done teaching, you get to plan tomorrow's lessons and grade papers for 30-90 kids. Paid holiday? You won't get to go anywhere, since you can barely make ends meet. Above public schools it gets better, but up to high-school it's a HORRIBLE job.

PL
 
  • #18
Yah but you don't need to know much and you have a guaranteed job as long as you don't get arrested for kiddie porn or other federal felonies.
 
  • #19
leon1127 said:
$9000/12months/80hours= 9.375
it is about the starting wage if you work in bestbuy at dallas
i am a freshman student in math major, and two of my jobs are paying 8.5 and 10 dollars per hours (unrelated to mathematic, but it requires professional skill).
so yea... think about it b4 you major in math and science
most students still end up teaching.

You're forgetting that these grad students also get their tuition paid for, in addition to their stipend!
 
  • #20
leright said:
You're forgetting that these grad students also get their tuition paid for, in addition to their stipend!

more percisely, most grad student's tuition are waived.


Poop-Loops said:
Teacher has no benefits unless you love teaching. The work is damn hard. After you're done teaching, you get to plan tomorrow's lessons and grade papers for 30-90 kids. Paid holiday? You won't get to go anywhere, since you can barely make ends meet. Above public schools it gets better, but up to high-school it's a HORRIBLE job.

PL
my calculus teacher never graded a single paper except the paper for school grading system (perhaps it is an unique exception...). But i admit that HS teacher is a horrible job if you get a student like me :devil: .
My calculus teacher is a part time teacher in my HS, and she owns a tutor school for SATs and Math. I believe she makes about 4000-5000 a month which isn't bad for a mathematic B.S
 

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