caffenta said:
These wild generalizations are completely ridiculous.
You're right. Even some post docs can make huge salaries. This site, http://www.sfgate.com/cgi-bin/news/casalary/uc?Submit=Page&agency=UC&otmax=&o=500&term=&sort=&ord= , reports that George H. Miller, a "Post-Doctoral Research Physicist" has a salary of $293,250 and total compensation of $296,520. So sometimes life as a post-doc can be pretty good.
Does Dr. Miller do any physics? I suspect not much. He is too busy riding herd over a 1.5 billion dollar budget and 7000 employees. Being the post-doc who happens to be the director of one of the top national labs helps boost the salary just a bit. Be the director of a smaller, less prestigious research organization and you'll still get a fairly nice salary. For example, the Director of the Texas Center for Superconductivity has a salary of $188,453 (
http://www.texastribune.org/library...niversity-of-houston/allan-j-jacobson/682252/).
In a sense those salaries are low. $300K for directing a $1.5 billion / 7000 employee operation? Industry isn't quite that stark, put even there compensation for doing technical work is fairly flat. A typical salary range in industry for a freshout with an advanced degree in a technical field is $50,000 to $100,000, depending on the degree, field, and industry. Call it $75,000. Unless you move well into the ranks of upper management or break out on your own, that person's salary at retirement (adjusted for inflation) will be about double, maybe triple that starting salary. As an exemplar, salary.com reports $156,498 as the 90th percentile salary for "Physicist V" (their highest category for physicists).
Quants don't work in our egalitarian technical world. They work in the dog-eat-dog financial world. Back in the heady days before the collapse quants bragged about making a lot more than $300K.
In another post, you make a statement that implies a contradiction:
D H said:
I suspect these employment issues are limited to the most theoretical of theoretical physicists. This complaint comes up regularly at PhysicsForums, but very rarely from experimentalists or solid state physicists.
It's not unusual for experimental solid-state physicists to violate your first statement while doing technical work.
What first statement, and what contradiction?
Are you saying that there are some experimental solid-state physicists who make more than $250K as a physicist (as opposed to being the director of some solid state physics organization)?