Switching to physics after doing finance as a quant

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Discussion Overview

The discussion revolves around the considerations of transitioning from a finance career as a quant to pursuing a PhD in physics. Participants explore the implications of financial stability, research funding, and personal aspirations in the context of physics research.

Discussion Character

  • Debate/contested
  • Conceptual clarification
  • Exploratory

Main Points Raised

  • One participant expresses concerns about the financial burdens associated with pursuing a PhD in physics, including the cost of equipment and the need to secure grants.
  • Another participant suggests that many physics PhD students receive compensation through assistantships, which may alleviate financial worries during their studies.
  • A different viewpoint emphasizes that the income from a quant position may not be sufficient to support a long-term career in physics research.
  • There is a suggestion that having a personal lab may not be a realistic expectation after working as a quant, indicating a need for a more grounded perspective.
  • One participant points out that an undergraduate degree in physics may not be sufficient for employment as a quant, implying the necessity of further qualifications or experience.

Areas of Agreement / Disagreement

Participants express differing views on the feasibility and implications of pursuing a quant career versus a PhD in physics. There is no consensus on the best approach, and the discussion remains unresolved regarding the optimal path forward.

Contextual Notes

Some assumptions about financial support during a PhD program and the qualifications needed for quant positions are not fully explored, leaving room for further clarification.

dark-knight
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hi everyone.
i am a physics graduate on the verge of entering a phd program. obviously my aim is to do physics research. one possible way is to get a phd, do a post doc and then do research. i know its THE ONLY WAY. but there r a few apprehensions i have-

1. to do research u need equipments (latest science equipments are really expensive),
2. u have to lobby for grants and all (this really puts me off).
3. though my family can afford my phd education, it is going to cost them a huge money.

i came to know recently that physics majors get highly paid jobs as a quant in finance sector.
they use physics models to evaluate pricing and forecast future trends.
do u think it wud be better for me to earn really handsome money and then do phd to do serious research without any worries of future, as there will be no additional worries related to money. i want to do things without any boundations. plus i wud be in a position to have a personal lab of my own.

i must also clear that i wud prefer doing physics research and making less money than making huge money and doing something which is completely aloof from physics.
this "quant profession" really seems to offer handsome money as well as applied maths and physics(which i really like)

let me know what u think abt this approach.
 
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Please reread the PF Rules on text speak.

The amount of money you are likely earn as a quant in a year or two is not enough to support a career in physics research.
 
most students, at least in the US, get some sort of compensation (as research or teaching assistants) when they study for a PhD in physics. basically you get enough money to take care of yourself. was that what you were worried about? (I may not have understood your question fully)
 
No, he wants to be "in a position to have a personal lab of his own" after a few years as a quant.
Looks like this guys needs to "get real" a bit.
 
Nobody is going to hire you as a quant with an undergrad degree in physics. You need to decide what you would like to do and see where that takes you. If you are in the US, you were accepted to a physics PhD program, and you were not offered financial support including tuition, then you should be looking elsewhere.
 

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