What is the Private Sector and Its Role in Hiring Physics Degree Recipients?

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Discussion Overview

The discussion revolves around the concept of the private sector and its role in hiring physics degree recipients. Participants explore definitions, implications, and potential job opportunities within the private sector, particularly in relation to physics and its applications in fields like economics.

Discussion Character

  • Exploratory
  • Debate/contested
  • Conceptual clarification

Main Points Raised

  • Some participants define the private sector as work not directly controlled or funded by the government.
  • Others argue that in this context, the private sector refers specifically to non-academic and non-government employment, primarily in the engineering industry.
  • There is a question about how job opportunities in the private sector are accessed, whether through advertisements or university connections.
  • One participant suggests that anyone, including physicists, can start their own business, contributing to the private sector's employment landscape.
  • Another participant introduces the concept of econophysics, describing it as the application of physics principles to economic systems.
  • There is a discussion about the potential roles physicists might play in advising technology investors, with varying opinions on the attractiveness of such positions.

Areas of Agreement / Disagreement

Participants express differing views on the definition of the private sector and the types of employment available to physics graduates. The discussion remains unresolved regarding the best understanding of the private sector's scope and the nature of jobs available within it.

Contextual Notes

Some definitions and assumptions about the private sector are not fully agreed upon, and there are unresolved questions about the pathways to employment in this area for physics degree recipients.

Pythagorean
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Reading through the March 2006 Physics Today, I saw an article about employment that claimed "the private sector continue to be the dominant employer of physics degree recipients..."

What is this 'private sector'?
 
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It just means work that isn't directly controlled by the government.
 
Last edited:
Mickey said:
It just means work that isn't funded by the government.

but is there an accumulated market place or is it something you'd have to hope to find in the ads or do they go fishing at universities?
 
Sorry, I edited my post after you posted. Government funds end up going to a lot of places in the private sector, so my post was misleading. The private sector is work that is not directly controlled by the government.

Pythagorean said:
but is there an accumulated market place or is it something you'd have to hope to find in the ads or do they go fishing at universities?

Anyone can start their own business and hire physicists, which would make them a private sector source of employment for physicists. Even physicists can start their own businesses. The private sector is very large, open and fluid, which should allow more creativity and advancement. You can potentially find private work everywhere and in anything.
 
Last edited:
Mickey said:
It just means work that isn't directly controlled by the government.


No it doesn't. In this context it means 'Non-academia, Non-government'. Engineering industry mostly in the case of physics degrees, although some end up on wall street in econophysics.
 
I'm sure there are some private academic institutions that offer what can be consisdered private sector work.

Econophysics? Say more!
 
Last edited:
As its name implies, econophysics is using the principles of physics to study economics. (Many economic systems can be modeled using the principles of statistical physics.)
 
I thought it might just be a job where physicsists offer their insight into the growth of technology and help investors decide what technology companies are likely to succeed. What you said sounds way cooler, though.
 
Mickey said:
I thought it might just be a job where physicsists offer their insight into the growth of technology and help investors decide what technology companies are likely to succeed. What you said sounds way cooler, though.


Its basically a outgrowth of statistical mechanics.
 
  • #10
On another forum I frequent, a political science major, who's also well versed in economy (naturally) was somewhat jokingly telling me that once I saw no money in physics, and lost romanticism for it, I'd accept an econophysics job. :eek:
 

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