Theoretical Physics PhD worthless nowadays?

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Discussion Overview

The discussion revolves around the perceived value and career prospects of obtaining a PhD in theoretical physics, particularly in fields such as relativity, string theory, and cosmology. Participants explore concerns about job availability, competition in academia, and the impact of race and ethnicity on hiring practices in both academic and industry settings.

Discussion Character

  • Debate/contested
  • Exploratory
  • Conceptual clarification

Main Points Raised

  • Some participants express concern that pursuing a PhD in theoretical physics may lead to limited job opportunities, citing that the US trains more PhDs than available positions.
  • Others argue that while academic positions are scarce, many PhD holders find decent jobs outside of academia, including in industry roles that can be financially rewarding.
  • There is a discussion about the importance of skills beyond theoretical knowledge, such as programming, for securing employment after obtaining a PhD.
  • Some participants question the role of race and ethnicity in hiring practices, noting that while affirmative action may provide some advantage, the overall job market remains competitive regardless of background.
  • Concerns are raised about the suitability of transitioning to fields like medical physics, with some suggesting it may not align with the interests of those passionate about theoretical physics.
  • Participants mention the significance of dissertation advisors and the reputation of institutions, suggesting that these factors may be more critical than the institution's name alone.
  • There is a discussion about the opportunity cost of pursuing a PhD, with some suggesting that the financial implications should be considered when deciding to pursue advanced degrees in physics.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the value of a PhD in theoretical physics, with some advocating for its pursuit while others caution against it due to job market concerns. Multiple competing views regarding the impact of race and the relevance of various fields of physics also remain unresolved.

Contextual Notes

Participants highlight limitations in the job market for theoretical physicists, the variability of job opportunities based on individual skills, and the influence of personal circumstances on career outcomes. The discussion reflects a range of assumptions about the academic job market and industry roles.

Who May Find This Useful

This discussion may be of interest to undergraduate physics majors considering graduate studies, individuals exploring career paths in theoretical physics, and those concerned about the implications of race and ethnicity in academic hiring practices.

  • #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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