Should I do a PhD? Advice Needed

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SUMMARY

The discussion centers on the dilemma of pursuing a PhD in pedagogy after completing a master's thesis in mathematical physics. The individual expresses concerns about the relevance of a pedagogical PhD when seeking employment in the financial industry, fearing that the shift from complex mathematical problems to pedagogy may hinder job prospects. However, the potential benefits of a PhD, such as demonstrating independent research capabilities, are acknowledged. Ultimately, the individual is torn between the desire to fulfill a personal dream of obtaining a PhD and the practical implications for future employment.

PREREQUISITES
  • Understanding of PhD program structures and requirements
  • Familiarity with career paths in academia and industry
  • Knowledge of the financial industry's expectations for candidates
  • Awareness of the skills and competencies developed during doctoral research
NEXT STEPS
  • Research the impact of a PhD in pedagogy on career opportunities in finance
  • Explore alternative PhD programs that align with mathematical physics
  • Investigate the skills valued by employers in the financial sector
  • Connect with professionals who have transitioned from academia to industry
USEFUL FOR

Graduate students considering a PhD, individuals contemplating career shifts from academia to industry, and anyone evaluating the relevance of their doctoral research to future employment opportunities.

parton
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Hi!

I finished my master thesis in mathematical physics and now I am currently looking for a PhD position. Unfortunately there is no position available. I even tried
to apply in some other areas I'm interested in - without any success (no free position available).

Now I am thinking to ask a professor of a pedagogical university to do a PhD there. In this case I have to do pedagogical stuff, of course, but after the PhD (if I get a position at all), I'd like to work in the financial industry (or maybe another industry).

Now I'm just wondering, if a PhD in a pedagogical area could be a disadvantage if apply at a bank, for example. If I work on pedagogy, I don't have to deal with really diffcult mathematical or physical problems. I don't have to do with path integrals, partial differential equations, or anything like that. So I would do something completely different for about 3 years and I probable won't need the knowledge acquired during the PhD.

In this case an employer could say, that there is a too large time lag since I really did mathematics and physics and I wouldn't get a job.

On the other hand, a PhD (despite the area of research) would attest the ability to work independently (among other things), which would be an advantage.

So I don't know what to do now. I just know that I want to do a PhD, because it is a "dream" of mine, despite of its use in the future.
But if I won't find a job then, it would be better to apply with my master degree rather than doing a PhD. I just don't know what to do...

Does anyone have any experience, if it really matters for the work after the PhD what you actually worked on during your doctoral thesis?

If someone could help me, I would be very glad.
 
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