Physics Theoretical Physics PhD worthless nowadays?

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A PhD in theoretical physics is viewed by some as a risky investment due to the oversupply of graduates compared to available academic positions, with only about 25% securing tenure. However, many PhD holders find successful careers outside academia, including lucrative roles in industry or finance. The discussion also touches on the impact of race and ethnicity on hiring in academia, noting that while affirmative action may offer slight advantages, the overall job market remains competitive. The importance of choosing a strong dissertation advisor and institution is emphasized, though industry positions value skills over pedigree. Ultimately, pursuing a physics PhD can lead to various career paths, but careful consideration of opportunity costs is essential.
  • #121


The problem is that the salary a year is not enough. The salary a year is going to be about 60,000(approximately) a year. My family depends on me more than that.
 
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  • #122


What kind of equipment or support would your "random" theoretical physicist require to perform her/his job? My impression is that a chalkboard, a quiet space, and perhaps a computer would be sufficient, no?
 
  • #123


Yes that would be nice, but I prefer paper.
 
  • #124


mgb_phys said:
Actually theoretical physics tend to make more money than any other branch
Just head to Wall St / the city (london) / Grand cayman

Wait... There are quant jobs in the Cayman Islands?
 

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