Theoretical Physics PhD worthless nowadays?

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SUMMARY

The discussion centers on the perceived value of a PhD in theoretical physics, particularly in fields like relativity, string theory, and cosmology. Participants highlight the oversaturation of PhD graduates in the U.S., with only 25% securing tenure-track positions. Despite concerns about job prospects, many agree that PhD holders can find lucrative roles in industry, such as programming or investment banking, with starting salaries around $130K. The conversation also touches on the impact of race and ethnicity on hiring in academia, noting that while affirmative action exists, it does not significantly alter the competitive landscape for physics PhDs.

PREREQUISITES
  • Understanding of theoretical physics concepts, including relativity and string theory.
  • Familiarity with the academic job market for PhD graduates.
  • Knowledge of industry roles available to physics PhDs, such as programming and investment banking.
  • Awareness of affirmative action policies in academic hiring practices.
NEXT STEPS
  • Research the job market for physics PhDs in industry versus academia.
  • Explore programming languages and skills beneficial for physics graduates entering tech fields.
  • Investigate the financial implications of pursuing a PhD versus entering the workforce with a B.S. in Physics.
  • Examine the role of affirmative action in graduate school admissions and hiring processes in academia.
USEFUL FOR

Physics majors, prospective PhD candidates, academic advisors, and anyone considering a career in theoretical physics or related industries.

  • #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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