Arsenic&Lace
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To make this discussion more relevant to the topic, I'll pose a slightly different question: Given it's apparent usefulness in physics, should a physics student take a course in abstract algebra? I have taken two such courses, and found that the vast majority of the knowledge contained within does not (at least so far) seem to have been worth the effort. Student100's links point out that mathematician's aesthetic tastes and objectives are often quite unrelated to those of applied disciplines; much of my group theory course was spent on the development of tools to classify finite groups, for instance, a project which turns out to be not terribly useful to physicists or applied mathematicians*. Likewise, the course in general topology concentrated almost entirely on questions relevant to analysts; the only time it has cropped up in my graduate course on GR has been as an alternate (and significantly more laborious) method for solving a problem involving a finite dimensional periodic universe (you can solve the problem much more easily with a bit of intuition regarding flashlights ;) ). You've made the case that the mathematical objectives do produce, on occasion, useful results, but my concern is that the OP will be wasting her/his time sitting in a course which concentrates upon such objectives.
*From what I can tell.
*From what I can tell.