Physics Non-academic career options for the theroetical physicist

[twofish-quant]

I don't think this works.

It does. I did this with R. Also remember that it's a numbers game. If 95% of the times it doesn't work, that's ok.

Putting on your resume "experience with SAS -- read a book about it" doesn't get you very far when applying for jobs at a new company.

So put on your resume "experience with SAS" and then mention that experience involved you crunching real data for an experience, and oh, if you want to know my SAS experience, ask me questions about SAS. At the interview, you can mention the fact that you learned SAS on your own as a *positive*.

One thing that makes technical hiring difficult is that if you put SAS or C++, you are going to get a thousand resumes claiming SAS or C++ experience, and in the phone screen, it becomes obvious that the person you are talking to really has very low levels of SAS and C++.

One thing that most physics Ph.D.'s can do is to learn very quickly. I can give a physics Ph.D. a book on SAS, and within a month, you will be more technically proficient than 95% of people that take SAS courses, and 80% of the people that are sending in resumes.

If you're already working there and simply gaining new skills, that's different. But to get your foot in the door you need to have demonstrated experience with SAS (for example).

And it's not that hard to come up with a project that you can put on your resume. I did this with R (which is easier because the code is open). I noticed that people were working on R, so I taught myself R, and I added a major extension to the system which is now used in production.

 

[ParticleGrl]

However, she has not been able to come up with any evidence to support her stronger claim, that if you don't go to that handful of schools, your odds are seriously reduced.

Look at this chart- http://particle.physics.ucdavis.edu/rumor/lib/exe/detail.php?id=statistics&media=schools.png

A handful of schools are providing the majority of the faculty members. Go through the rumor mill year by year, and you'll see that the trend is consistent.

I don't doubt that different schools dominate different fields, but I'd be willing to bet the pattern is the same- a handful of schools produce most of the nation's faculty in a given field.

I don't think she's going to be able to. It certainly runs counter to my experience, and it runs counter to the recent hiring data I've found.

Personal experience is at best anecdote, and we all know that we can't do much with anecdotes.

It also doesn't make logical sense: typically people are offered faculty positions after two three-year postdocs. Why would the key factor be what you did before then?

Good phd programs generally have a leg-up with getting top tier postdocs, which in turn have a leg up on getting faculty positions. Keep in mind- one mediocre postdoc can kill your career. A lot of studies (and my personal experience) is that productivity is highly dependent on environment.

If you look at recent hires

How recent? Two years of physics hires isn't enough to make a trend, especially since the last few years have been incredibly anemic.

 

[twofish-quant]

I'm saying that you shouldn't just be figuring out that there are significant gaps in your knowledge that you should bridge to get a non-academic job a few months before you need a job.

But what happens with Ph.D.'s is that they often don't look for a job until they are "ready" which is a bad thing. If you find that there are a lot of jobs that call for R or SAS, then while you are waiting for the book to arrive from Amazon, you still should be sending out resumes and trying to get interviews.

One serious, serious mistake that I've seen people do is to put everything on hold until they get the right skills. This misses the issue that the job hunt is part of your education. For example, if you go into an interview for a SAS job, and it becomes obvious that you are just not qualified, this is *VERY* useful because it tells you what you should study for, for the next interview.

I *have* heard at least one professor give the advice that you shouldn't pursue any interests outside of physics. The academic physics environment, at least in my experience, is chalk full of the attitude of "give me a faculty position or give me death."

Sure, and that's a problem.

Another really common attitude is that if you don't get an academic job, you can always get a job in industry easily because physicists are smart and you can learn anything you need on the job.

This tends to be true. However, it is one of those "this is true but..." It's true that a physics Ph.d. can get a job in industry, but it requires learning a different set of skills.

It's rather arrogant and if you carry that attitude to a job interview you can kiss the job good-bye.

Depends on the details. Also, on the one hand, you don't want to look too arrogant in an interview, but on the other hand figuring out how to do that isn't quantum field theory.

Also, a little arrogance is a good thing. You can get into equal amounts of trouble by being "not arrogant enough." If you come into an interview with the attitude "I'm a loser that's begging for a job" that will kill your chances just as much as coming across too strong. Doing well in a job interview is a skill, and one thing that you should expect to do is to totally bomb your first few job interviews, but that's part of your education. You want to be humble but not desperate. Self-confident, but not arrogant.

Tricky, but it's not QFT.

You've said it yourself that one of the reasons you found success outside of academics was because you spent time learning skills that are useful outside of physics. Not a single one of my peers has ever mentioned being encouraged to do that.

I'm encouraging you. :-) :-)

One thing that is true is that I was *actively discouraged* from doing what I did.

But if you count on your dissertation research being useful in industry 5 years after you start it, you may find yourself in for a rude awakening. (Mine is not nearly as useful as I'd like.)

It turns out that mine was extra useful. One thing that's not clear to me is whether my dissertation topic is inherently more useful to industry, or whether I've just read enough about sales and marketing so that I was able to "sell" my research more effectively.

Sales and marketing is a "problem-solving" issue. I've got X. The customer wants Y. How do I bridge X and Y? Also part of it involves being *active*. How do I *make* my research useful to people with money.

It doesn't matter what I do now with R, I won't be able to say much other than "well I've played around with it in my spare time."

That's today. What can you get done in three months? What can you get done in three weeks? What can you get done in three days? What can you get done in three hours?

You can put a positive spin on it, but it's just not going to carry the same weight as being able to point out specific achievements.

Right, but if you have three weeks, you can make some specific achievements. Download the software distribution, go to the bug list, find a bug and fix it.

ANOVA might be simple, but if you put "statistics" on your resume because you've done statistical mechanics, and an interviewer asks you if you've ever done an ANOVA, you don't want to say, "I don't know what that is, but I'm sure it's easy to learn."

The answer is yes I have done an ANOVA. I have some Ph.D. data that I ran ANOVA against, and this is what I got. It turns out that ANOVA isn't useful for my data because of X, Y, and Z.

Also, interviewer asks you want ANOVA is. Answer, I have no clue. Game over, you lose. But th at's not the end. You go home, go over the questions you bombed, study ANOVA. Next day, another interviewer with a different employer. What is ANOVA? ANOVA is a statistical technique for spliting up variances into those that are based on models and random non-model variances.

One thing that you'll find is that interviewers will tend to ask exactly the same questions, so if you bomb a question, go home, find the answer, and you'll be good when they ask you the same question.

Graduate school is a fairly unique opportunity where you get to pick your tools and make them work for you. If you learn to use SAS and an interviewer asks you what you've done with it you can say "I did this project with SAS, and we published this paper thanks to that work," that's a lot better than saying "yeah I spent two days learning how to do an ANOVA, so it's cool."

But if you've published papers using SAS, the interviewer may toss your application for being overqualified. At least for the jobs involving SAS, that I'm aware of, it involves data processing for medical experiments. If you've published papers using SAS, you are overqualified, and will not get the
job.

There *are* jobs in which they are looking for Ph.D.-level statisticians, and you will not get those jobs. However, there are a lot of jobs which are basically entry level data entry, and if you spend a week teaching yourself ANOVA, that's enough for those jobs. There are jobs in which I'm massively overqualified for, but statistics is not one of them.

Also different employers want different things. A job interview is a lot like dating, and what one employer will hate, another employer will love.

 

[twofish-quant]

Also most job interview questions are psychological questions disguised as skills questions. This is one of them.

I think the problem is that the best and most relevant answer is, "because I'm smarter than them."

Depends on the job. It's hard for people in academia to deal with this fact, but many jobs, perhaps most jobs, raw intelligence is not an advantage. In some jobs, being smart is a huge disadvantage. Smart people often ask too many questions and are generally annoying.

One funny interview story, I was interviewing for a major financial firm in which the interviewer explicitly told me "you have to be careful, smart people tend to get in trouble around here, but if you keep your mouth shut, you can make a ton of money." I smiled, and then after I left the interview, I told the recruiter to stop the process for that job, because I just couldn't work there.

Curiously enough, I was not surprised when said financial firm blew up a few years latter. Massively annoyed that it almost took down the world financial system. One of the reasons I like working where I do, is that people really want me to be smart and a little annoying. That job interview was one reason I support massive government regulation of the financial industry.

Also, for me, it's not true that am smarter. In a lot of jobs, I'm competing against other physics Ph.D.'s, and I'm *NOT* the smartest person that is competing for the job. One of the things that makes my job fun is that I'm in day to day contact with people that are tons smarter than I am.

In dealing with finance jobs, one of my advantages is that I really find finance interesting, so I'm likely to be more productive than someone that is smarter, but hates the job because it reminds them that they don't have a postdoc.

While this may be true, I see no reason why this trumps the other guy saying "you know I can do this work because I've done it before."

Depends on the job. For some jobs, you can argue that because you don't have the standard training, you can take a fresh approach.

Also, you can make overqualification work for you instead of against you. You can say "hey, everyone else has five years of experience, whereas I'm entry level, and as you can see all those people are massively overqualfied, whereas I'm exactly what you are looking for,"

 

[twofish-quant]

fFor a time, I would have done it FOR FREE.

Which curiously enough can be a bad thing. There are a lot of interesting psychological things that go on in a job interview, and if you look too desperate often people will assume there is something fundamentally wrong with you and skip you for someone that has higher demands.

I'm absolutely not willing to work for free. If you aren't going to pay me anything, I'm better off doing something that is more interesting to me. You can tell me that I'm working for the "experience" and that once I work for nothing, that I'll get this nice big job later on.

Bull****. I've been burned by that once before. If you can get people to work for you for free, then there will *NEVER* be a need to work for a living wage. If you can build a system on graduate students, well...

One big problem is that if you live in the US, you just cannot compete on cost. There are people in India and China that will do the job for one-tenth your wage, and if the employer is looking for low cost employees, they aren't going to even be looking in the US.

The system is broken.

Sure, but trying to figure out how to fix it is non-trivial. There are all sorts of extremely complex things that are going on.

Being in a growing, strong economy masks the problems.

It doesn't mask the problems. It is the problem. If you have 100 people and 110 job openings, great! If you have 100 people and 90 job openings, someone is going to get screwed and it sucks to be one of those people. Personally, I think that the government should step in and create basic research positions using borrowed money that will get paid off from the inventions from said research, but that ing idea is not getting much traction.

When you hit a massive economic downturn and you're more than qualified and eager to work yet getting rejected every step of the way the problems become obvious.

One thing that makes the system weird is that it's possible to be overqualified and too eager. There is this quirk of human psychology that makes people want what they can't have, so if you are throwing yourself in front of someone begging for a job, they are curiously less likely to give it to you than if you show "interested disinterest."

Also, you do realize that you are in a different world with different standards. In academia you have been taught that the job *should* go to the smartest and most eager. Outside of academia, the rules are different. For example, you can be the smartest and more eager person for the job, but you ain't going to be King or Queen of England. The job requirement for that is that your parents are royals. There are jobs like that, and that matters a lot when there aren't enough jobs to go around.

You could argue that society should work like academia, but given that academic hiring is even more of a mess than industrial hiring, I'm not sure that's a good idea.

One thing that is good about a system that is "irrational" is that you get a lot of sympathy from people when you don't find a job. It's a bad economy, and you can do everything right and still end up with nothing. Unemployment is 10%. One in ten people are going to be screwed, and a lot of them are just going to be screwed because they were just unlucky. One reason that I try to help people get jobs, is because I might need to call in some favors if I get kicked out.

One problem with academia is that because hiring is "rational", people that do get positions end up extremely unsympathetic with "losers".

 

[elkement]

You have an IT department that is understaffed and underpaid, and so they get screamed at for being idiots. At this point, desperate manager brings in IBM who then brings outside consultants that get paid three times as much money for the same work and who aren't subject to the silly bureaucratic rules that keeps local IT from doing the same thing. You can make money in this situation, but you do realize that local IT will hate you, and your only solace is that you'll be gone before they hate you enough to do physical damage to you.

Yes, this is true for many long-term consulting engagements. And this is exactly why I - as an external consultant - am only doing short-term engagements, either in planning/design or review/firefighting. Typically it is the local IT guys at my long-term clients that call me to work with them on the 'really critical stuff they do not want to touch'.

This was also a reason why I became a self-employed consultant: I wanted to have to maximum freedom so define exactly what I will offer to clients. Typical consulting companies or consulting departments within large corporations tend to 'sell hours' and try to 'utilize' as much consultants as possible. I am on the other hand telling my customers that I try to finish my job as fast as possible and try to make myself redundant and minimize time onsite.

One good news is that if you have contacts, you can actually to into business for yourself. However, after 2007, this isn't as popular as it was before.

Yes, this is exactly what I did - fortunately long before the econimical crisis. Later - when companies started to lay off people, probably clients might have thought falsely that I was one of those laid off consultants that did not choose this way of working voluntarily.

In the US, there is one big thing that keeps people from doing independent consulting and that is health insurance. If you or your spouse have any pre-existing condition, then you can't get health insurance at anything decent, which means that you can't run your own business.

I am sorry to hear this, it seems we are lucky in Europe. Actually my spouse and I are running our our small busines together - this was one of the best decisions in my life. We are both phyiscs PhDs and found some very interesting and rewarding fields of expertise in IT.

And if you do it right, it helps to have the letters Ph.D. on your business card.

Yes and no. It is of course true for governmental customers and large corporations with rather buerocratic agency-like structures - people in such organizatins tend to appreciate academic titles.
If you work with young geeks and hackers who learned everything on their own, any type of title (academic or job / professional title) might be considered braggy. Of course a technical / science degree is still better in this respect than an MBA Senior Something Manager ;-). I was always rather cautious and did not emphasize my degree too much or too early in the hardcore IT security community that I am part of. I think it is better if you first are able to demonstrate your skills (and show that you are 'one of them') and somewhen later you casually mention you have a PhD in physics.

However I was maybe too lucky to be really able to judge on this: All of my clients are either long-term clients or they are referred to me by somebody who knows me - so I had never been in this classical elevator-pitch situation where you hand in your business card to a potential new client.

 

[elkement]

The rules are different for academic positions, because if you have background in nuclear physics, and the job calls for an astrophysicist, you are doomed. This isn't true for industrial positions. In academia, you get a job by hyperspecializing, this will kill you if you look for a job in industry.
.

I do not believe that 'hyperspecialization' in industry is a disadvantage per se. It is subtle according to my experience: I am presenting myself as hyperspecialist (digital certificates / public key cryptography) - clients engage me because of my skills in a rather narrow range. I have repeatedly told how hard it was to find somebody with these skills. However what I am really doing requires some rather broad knowledge as well and it is maybe most important that I am able to 'hack' and 'reverse engineer' systems I have never seen before.
However I still feel that it would be slightly counterproductive to advertise the full range of skills.

Probably the trick (in industry) is just to find a niche that allows you to present yourself as one of a low number of experts. As soon as you get a foot in the door and clients / colleagues learn what you are capable to do you are not bound to the confinements of this specialization any more.

But the important thing is that this isn't obvious if you've spent all your life in school.

I could not agree more!

 

[Andy Resnick]

I don't think it is. One thing that helps you go through a difficult and painful experience is to talk to other people that have gone through a difficult and painful experience. Also, you get a lot of useful information. For example, getting an industrial job can be as painful and tough as getting a faculty position, however, the big difference is that most people that go through the effort end up with a job because the jobs are there. This isn't true with faculty positions.

[]

That's true for industry positions. The rules are different for academic positions, because if you have background in nuclear physics, and the job calls for an astrophysicist, you are doomed. This isn't true for industrial positions. In academia, you get a job by hyperspecializing, this will kill you if you look for a job in industry.

Faculty positions are there, too- I was able to get one two years ago. I've been through the job-seeking process plenty- the success rate between quality industrial jobs and quality academic jobs is about the same: dozens of resumes out, a trickle of interviews, and one or two actual offers.

The rules are not different for academic positions- a department wants someone who will compliment the team already in place, just like industry. Hyperspecializing also limits your opportunities in academia: it's highly unlikely a Department will want to hire someone with substantial overlap of research to someone already there.

It's a fine line between constructive discussion and pointless whining.

 

[Vanadium 50]

Look at this chart- http://particle.physics.ucdavis.edu/rumor/lib/exe/detail.php?id=statistics&media=schools.png

A handful of schools are providing the majority of the faculty members. Go through the rumor mill year by year, and you'll see that the trend is consistent.

I don't doubt that different schools dominate different fields, but I'd be willing to bet the pattern is the same- a handful of schools produce most of the nation's faculty in a given field.

Well, I took a close look at the data (something that you should have done before making these claims) and this is what I found. (There will always be a degree of interpretation here, since the numbers don't add up at the few percent level, and he has non-degree granting institutions like CERN listed as PhD sources. There's one school where I know for a fact two people got jobs, but only one is listed)

Yes, a few schools dominate. But these are big schools - with one exception, which I will come to later. If you look at the number of graduates who get faculty jobs, of course big schools will dominate. This would be true if it were based on chance alone. You need to look at the rate. I used the 2009 total number of graduate students as a proxy - assuming it is proportional to the average number of HEP theorists graduating over the period of interest.

The anomaly is Princeton. Whereas HEP theory is 5-10% of the faculty of most schools, it's 20-30% of Princeton, depending on how you count emeritus professors (of which they have many) and IAS adjuncts. So while Princeton is a small school according to my proxy, in HEP theory it's enormous - possibly the largest school in the country. Additionally, they really emphasize string theory (their lone non-stringer just left the department). In 1994, this was an asset. In 2011, not so much.

Dropping Princeton entirely, you find that 6 or 7 schools produce about a third of the faculty, and about 13 produce half the faculty. They have, respectively, a fifth and a third of the students. So while there is an effect - nobody argued that Oklahoma State was the peer of Harvard - it's nowhere near strong enough to support the common advice "if you can't get into a Top 5 school, stay home."

Including Princeton, I calculated the Gini coefficient for getting a faculty job vs. PhD institute. It's 0.045. Compare that to, as an example, income inequality in the Nordic countries of about 0.25.

Personal experience is at best anecdote, and we all know that we can't do much with anecdotes.

Yes, but you are pooh-poohing my experience while arguing we should accept yours. I don't see why - I have sat on the committee for four theory hires, and you've just graduated - and had you chosen the academic route, would be at least six years away from a faculty offer. Why is your experience more relevant than mine?

 

[ParticleGrl]

Well, I took a close look at the data (something that you should have done before making these claims) and this is what I found. (There will always be a degree of interpretation here, since the numbers don't add up at the few percent level, and he has non-degree granting institutions like CERN listed as PhD sources. There's one school where I know for a fact two people got jobs, but only one is listed)

That is the issue with rumor mill data in general. I know two hire in the time period that aren't on the list.

If you look at the number of graduates who get faculty jobs, of course big schools will dominate. This would be true if it were based on chance alone. You need to look at the rate. I used the 2009 total number of graduate students as a proxy - assuming it is proportional to the average number of HEP theorists graduating over the period of interest.

What source are you using for 2009 graduate students/school? While you should expect big schools to dominate, Berkeley, Texas, Wisconsin and Illinois-Urbana are all flagship state schools that produced (near as I can tell) 16,10,5,1. You are obviously better off being at Berkeley or Texas than Wisconsin, even though Wisconsin is a very good phenomenology school.

Also, I'm not sure that comparing GINI to wealth inequality is the best measure of this sort of effect. If most schools have an order of 1/10 chance and a small number have a 1/4 chance, this is like a society where most have 50k, and 3% or so have 125k, which isn't that unequal as these things go.

 

[hadsed]

Maybe Vanadium is right about this big schools thing, but it's not entirely a waste of time I think to look at the effects this might have. When people see a bunch of faculty from MIT and the like, what do people immediately think? Well, it may be similar to what ParticleGirl is saying right now (and she is definitely not the only one I've heard express this sentiment). It might not be happening now, but perhaps people will start to think that it is happening... in turn, causing it to actually happen.

 

[Marx O' Perry]

What company would opt someone having all these degrees? needed a long hours to review one's curriculum vitae. You are such an observant and this helps you to chose what you like and dislikes and some work that might easily bores you, well I am an experienced web developer, it really needs long hours to work because the goal is not only to develop a website but meeting the client's wants about the output. How does an employer know that they do a best hiring decision?

 

[gizzard]

There is a senior mathematics professor at my community college who claims to make 100K. Even the avaerage salaries i have researched online were higher than the salaries I am seeing posted on this thread.

 

[twofish-quant]

Faculty positions are there, too- I was able to get one two years ago. I've been through the job-seeking process plenty- the success rate between quality industrial jobs and quality academic jobs is about the same: dozens of resumes out, a trickle of interviews, and one or two actual offers.

But there are a lot more empty chairs in industry than in academia. You look at the total number of faculty positions and the total of Ph.D.'s and the imbalance is a lot higher in academia than in industry.

It's a fine line between constructive discussion and pointless whining.

If whining keeps you sane, then it's not pointless.

 

[twofish-quant]

I should point out that if anyone needs R and basic statistics experience, doing a two to three mini-project would be a great way of getting yourself to the point that you can put it on your resume.

They have, respectively, a fifth and a third of the students. So while there is an effect - nobody argued that Oklahoma State was the peer of Harvard - it's nowhere near strong enough to support the common advice "if you can't get into a Top 5 school, stay home."

The problem here is that you are looking at P(B|A) which is quite different from P(A|B). The other interesting data point is that I got my Ph.D. from one of the big Ph.D. producers (U Texas Austin), and I don't know of a single peer that has gotten a tenure track position. It may be that I'm not keeping track of people, but that in itself is interesting.

Also the advice that I give is not "stay home" but "realize that your odds of getting a research faculty position aren't that great."

 

[Andy Resnick]

But there are a lot more empty chairs in industry than in academia. You look at the total number of faculty positions and the total of Ph.D.'s and the imbalance is a lot higher in academia than in industry.

That comparison only makes sense if you compare it to the number of industrial openings that require a PhD (since faculty positions require a PhD). I haven't seen any hard data on that, but my suspicion is that the number of commerical jobs is also much smaller than the number of PhDs.

 

[jtbell]

If you look at recent hires, you will find lots of graduates of Top 20 schools, and the occasional outlier - e.g. the University of Chicago has an assistant professor who graduated from the University of South Carolina.

I wonder if that guy was a student of Yakir Aharonov, (of the Aharonov-Bohm effect) who was at South Carolina for many years before retiring.

 

[Vanadium 50]

No, he was Frank Avignone's student.

 

[twofish-quant]

That comparison only makes sense if you compare it to the number of industrial openings that require a PhD (since faculty positions require a PhD).

It depends on what the point of the comparison is.

Personally, my goal is to avoid starvation, and at that point it really doesn't matter whether the job requires a Ph.D. or not.

I haven't seen any hard data on that, but my suspicion is that the number of commerical jobs is also much smaller than the number of PhDs.

I strongly suspect otherwise. The reason that I strongly suspect otherwise is that I don't know of a single physics Ph.D. that has looked for a Ph.D.-level position in Wall Street that has been unable to find one. It usually takes three to six months of looking, but at the end of looking people get jobs.

Also we really are talking about some tiny numbers here. There are 1000 new Ph.D.'s each year. The total employment of the securities industry in NYC is 200,000. Citigroup has a headcount of 260,000, and Goldman-Sachs has a headcount of 35,000.

Every major investment bank has a "physics department" that has dozens of physics Ph.D.'s, and you have several thousand hedge funds, each of which has a few Ph.D.'s.

One very curious thing about US financial hiring of physics Ph.D.'s is that the people from the really big name schools in the US just don't seem to apply for Wall Street physics positions. The applications that come in are from the big public schools (UTexas, UIUC, U Wisconsin, Rutgers). I don't think I've *ever* seen an application from someone with a Harvard or Princeton Ph.D. This isn't true for other countries, since people from the big-name Chinese, German, and UK schools do go out for finance positions.

The other thing to note is that Ph.D. jobs have been centered on finance because jobs in general have been centered on finance. Something that people find surprising is that Citigroup hires more people than General Motors (260,000 versus 206,000) and Morgan-Stanley is bigger than Chrysler (62,000 versus 51,000).

Now whether it's a good thing that the US economy has become finance-focused is another question. Personally it bothers me a lot, but I'm not going to help the situation by starving myself.

Something that is a major problem is that there is a disconnect between employers and Ph.D.'s. Part of it is that we are talking about numbers that are small enough so that anonymity becomes impossible.

Another issue is that banks do not like to talk about who they've hired and why. Schools are rather open about their hiring. You know that Professor X works at Y school on project Z. Industrial companies particular banks are closed-lipped about this information, and publicly releasing the corporate phonebook is grounds for immediate termination. One thing that I've been told to do when someone calls me is to say "Hello". Not "Hello, foo speaking" or "Hello, firm name" but just Hello.

As far as publicity goes, it also doesn't help that finance in non-unionized. When you look at GM, you know that there are people other than the top management, because workers have an independent voice. When you look at investment banking, the only people that you see are senior management, and it's not obvious that there is anyone else. When people mention Goldman-Sachs, they think that it's a company with a few hundred hyper-rich people and not a big giant corporation that's bigger than Google (35K versus 26K). It also doesn't help that pretty much everyone that works in high finance does so in one of a half dozen cities, so if you live in Jackson, Mississippi, you aren't going to know any investment bankers.

Something that I find interesting is that when I looked at the list of HEP graduates, I spotted quite a few people that I know personally (i.e. I e-mailed them a question that morning).

 

[twofish-quant]

One mystery to me is that I'd be very interested in talking to someone that got their Ph.D. in the 1970's to see how their life turned out. One of the big surprises that I got was that I assumed that my dissertation adviser's generation had a much easier time of it, and I was quite shocked when I looked at the numbers and found out that issue with physics Ph.D.'s not getting academic positions started around the time that I was born.

Something that I don't have any good sense of is what the *those* physics Ph.D.'s ended up doing, and how did their lives turn out? If anyone knows any physics Ph.D.'s, that got their degree between 1970-1985 and didn't end up in academia, I'd love to hear about what happened to them.

Also, this points out the big difference between 2010 and 1975. In 1975, it was easy to disappear into the night. With the internet, it's really hard to go off the grid.

 

[ks_physicist]

I am fascinated by the original post in this thread, and will keep it as a reference to add to my "just in case" career development file. Great summary!