"The university is looking to hire several tenure-track faculty members in computing this year, he said, but competition for top candidates is fierce. I know of major departments that interviewed 40 candidates, and I don’t think they hired anybody." That doesn't sound like fierce competition if they were able to interview 40 candidates... Did they give them all high-paying offers and they all rejected?
The Computer Science Stampede
>> "While the number of undergraduates majoring in computer science at certain American universities more than doubled from 2013 to 2017, the number of Ph.D. candidates — the potential pool of future professors — remained relatively flat."
They seem to ignore the three decades of legacy PhD graduates who gave up looking for jobs in academia because of so few spots opening up. The article makes it seem almost like all legacy graduate supply poof disappears!
>> “I had a faculty member who came in with an offer from a bank, and they were told that, with their expertise, the starting salary would be $1 million to $4 million,” said Greg Morrisett, dean of computing and information science at Cornell University. “There’s no way a university, no matter how well off, could compete with that.”
Nice anecdote, but the number of graduates in that spot is tiny. Rarely do PhDs get that type of salary on Wall St, and often it does not last. No, they cant compete with the back on this one candidate but luckily there are a thousand other candidates, and tens of thousands of candidates once you consider the pool of grads having graduated over the last generation.