ParticleGrl said:
I dispute this. I had much better job offers on the table before my phd then after. This was because of broad economic conditions, but its not a truism. Statistics seem to suggest that you'll earn more taking a job after a bachelors then waiting until after the phd.
I'm looking at the opportunity cost of graduate school, and I'm comparing myself to my peers. Its not an unreasonable goal- its what every person I know who skipped grad school and went straight to work accomplished. Conservatively, grad school cost me at least $200,000 in just foregone earnings.
Emphasis mine. Why do you do this? How is it constructive? Can't you do without it? What if your peers happen to be extremely high acheivers by all standards, are you going to kick yourself for not keeping up? If psychologists have taught me anything, it is that there's no quicker way to destroy your self-esteem and knock you off-track from any life goal than by doing this. Amongst my peers, almost none of who I went to high school with went to college and work menial jobs on and off when the economy permits. Some even have had several run ins with the law.
About 1/3 of my cohort in physics who actually graduated on time +/- a year got to go to grad school for a terminal masters. The rest are unemployed, and the rest about to graduate don't have much of any employment prospects to walk into.
I don't feel any better or worse than them. I admit I only managed this recently thanks to a lot of therapy to combat some pretty ugly opinions of myself and my acheivements.
jkl71 said:
Not that I’m saying a physics PhD doesn’t look better on a resume (and it doesn’t really look that great) than a high school diploma, I’m only talking about doing the work.
I was one of the “would do it over again” people, but not because it did anything to enhance skills that I could use in a career.
I wasn't suggesting it did give you career skills outside of academia (unless you did hardcore programming). I am suggesting you are more likely to get called for an interview than a bachelors for the same job in the present job market. I think you are downplaying how much a higher degree correlates with better employment prospects.
According to AIP, 60% of physics bachelors go back to school within the first year. Only 35% actually land a job of any sort:
https://www.aip.org/sites/default/files/statistics/employment/bach1yrlater-p-10.pdf
Compare with physics PhD's a year after graduation, where 67% get postdocs/temp positions, 29% get permanent positions, with a marginally lower unemployment rate fwiw:
https://www.aip.org/sites/default/files/statistics/employment/phd1yrlater-p-10.pdf
Maybe not a fair comparison since there is little practical incentive to go to school again after a phd. But looking at it coldly, 35% of bachelors get a job of any kind within the first year vs. 96% of phd's. I don't happen to think recent bachelors are stupid: if they could get meaningful employment fresh out of college I think they would take it no matter how set they were on grad school, all undergrad debts and the tightness of grad stipends considered. Especially in ones in their early 20's that can afford to start a phd later on. I know I would've if I could find it, taking the time to amass some savings and 'industry experience', but the prospect of toiling around for 1-2 years prepping for whatever career job that I had no college background in with no guarantee of getting hired is not very appealing compared to going straight to grad school (in my circumstances, as I am 27).
I cannot argue with what you could have done with those 6 years, you win on the opportunity cost argument. For all I know, you could have gone into stock trading and made a fortune during those years. You could have also done this fresh out of high school if you had the know how. If we want to do some peer-comparison, shouldn't we compare ourselves to the wizard young entrepeneurs that managed to do that without spending a lot of time in school? I'm sure there must've been at least one of those at your high schools.