I was reading about the FTX CEO, and it turns out that he has a degree in physics from MIT - and evidently there are a lot of folks that have taken this same education-career path. Is physics a degree a good path from quarks to quants?
Perhaps the career model could be to go on Wall Street to build up a nest egg, and then go back to Physics?Relevant:
In particular, see Figure 2 (p. 45), which suggests that the physics graduates most likely to go into finance are the least promising physicists. (But also note that the cohorts do not stretch over the same time period, suggesting maybe some data massaging to support a certain conclusion).
I second this. After completing a postdoc in fluid dynamics I took a position as a quant. Our entire quant team is stem PhDs from target schools. The math/programming/finance is grad level, and the average pay as a quant far exceeds that of physicists. Best decision of my life to pivot careers.One thing missing from here is that working in finance can be pretty fun. You have interesting problems that you are one of the first people ever to solve, and you get paid well for solving it. The space is enormous so it's not hard to find your niche.