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The Ph.D Bust: America's Awful Market for Young Scientists

theatlantic.com

111–120 of 122 posts

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#111
post #10

Earlier quoted context omitted.

I've been to graduate school and disagree with your comment about expecting a tenure-track job. When you get to know them, PhD students are not poor deluded souls slaving away in the misguided expectation of a plush, secure position at the end. They are rather intelligent, motivated individuals, who choose to work on projects that are more interesting/important than optimal ad placement or crafty financial swaps, and…

I've been to graduate school and disagree with your comment about expecting a tenure-track job. When you get to know them, PhD students are not poor deluded souls slaving away in the misguided expectation of a plush, secure position at the end. I have too (see here: http://jseliger.wordpress.com/2012/05/22/what-you-should-kno... for some comments, mostly job-related), and I think most grad students—at least during th…

Can you give me a concrete example of delaying adulthood? Or explain to me how going to graduate school delays adulthood?

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#112
In Computer Science, at least, outside of teaching, a Ph.D and a masters for that matter is required for only a small percentage of positions, and here's some evidence: http://www.indeed.com/jobtrends?q=%22computer+science%22+and...

Relative graph to assure you that the dip at the end is just due to less data collected recently: http://www.indeed.com/jobtrends?q=%22computer+science%22+and...

I have only would have wanted to apply for one position in my life so far that required a Ph.D, and that company did not end up doing well. I also managed a Ph.D before (from China) and, in my opinion, he was no more productive than others on the team that had neither Masters or Ph.D. That doesn't prove anything, I know. But, although I have a lot of respect for education, I don't think it is worth it typically.

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#113
post #77

The problem here is merely a misunderstanding of career statistics. The statistics for success in academia are thoroughly against any one Ph.D. The competition is too high, the rewards are too low, and the competitors are too desperate. This is not a place where you wish to compete - unless you have some kind of overwhelming advantage - aka really, really brilliant - you know who you are. For everyone else - look str…

Couldn't agree more! I'm an economics Ph.D. dropout who focused primarily on microeconomics and game theory (because like you said, current macro theory [see: DSGE] is completely bogus) and I think your points about finding monopolies is a great one. I left my Ph.D. early because it was a losing game as I wanted to be learning more computer science since it was a necessary skill to obtain in addition to a microeconom…

depending on your area of specialization, microeconomics and game theory are no less bogus than DSGEs. MWG, for example, does not mention real world data once...

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#114
post #99
post #96

One thing this article leaves out is the sky high attrition rates in PhD programs. The grim statistics presented are for the people who actually finish. Overall attrition rates for PhDs in engineering, the best of the bunch, are about 35%. It only gets worse for science and humanities. Keep in mind that attrition rates for elite law or medical schools are generally less than one half of one percent. So it is no exagg…

I'm not sure that all of them fail out. When I got my masters, the prevailing wisdom seemed to be that you had a better chance of being accepted if you applied for a Ph.D. and then quit with a Masters, which is what I did. Also, many of the other posters here decided that the job prospects were terrible and quit.

You are right that "mastering out" is not the same thing as failing out, so I may be overcounting here. Universities do also use the trick of admitting aspiring PhD students as MS students first, so that it doesn't affect their numbers when they fail to enter the doctoral program later. So there is also a possibility of undercounting as well.

I need to think a little more about this, but you're certainly correct in pointing out that it is more complicated that what I wrote - especially in engineering or CS, where an MS makes sense as a terminal degree goal.

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#115

"Employment at graduation" is not a particularly meaningful metric, because STEM PhDs who are not employed at graduation usually just means that they haven't gotten a post-doc. They will take a few months and find a job in the tech industry.

I chose to travel around Europe for a few months after school and then bothered looking for a job, so I guess by this metric I was unemployed. In the end I left Kansas for a job in London, a much better choice for me than being employed at graduation.

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#116
post #16

Earlier quoted context omitted.

OT, but I find it amazing that the triangle of desirable traits applies in so many places. There's the obvious "faster, cheaper, better. pick any two" and yesterday I heard another one "sane, smart and beautiful, pick two", which I'm sure has a corollary like "handsome, sensitive and rich, pick two". It's as if Brook's "no silver bullet" can be applied to just about everything our life (or it's just that easy to pick…

Yes, and then there are the Venn diagrams that describe the disappointing result of any combination of two desirable traits. Here's one humorous example: http://1.bp.blogspot.com/-7L9xAjgoZxo/ToydjJ7Hb8I/AAAAAAAABG...

Am I the only one who flared in anger that "Smart" and "Nice" combined to be the "negative trait" of Nerd? And that according to this we cannot be "Handsome"?

Inane crap like this helps absolutely nobody, and it perpetuates stereotypes that I think on HN we would be trying to avoid.

Why you would post this is beyond me.

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#117
post #31

Canada is handing out citizenship for anybody with a Ph.D right now, so are a lot of other countries. If you don't want to move write books or self publish ebooks, or write articles for industry journals or mailing lists and watch offers come in. This is what a girl I know with a doctorate in anthropology did: write endless articles for some academic publication, she had a job offer in Israel after the first few mont…

That's an exaggeration for Canada. As http://www.workpermit.com/canada/points_calculator.htm says, a PhD is +25 points and you need 67 to get in. It helps a lot, but far from a guarantee.

“For more information on levels of prociciency click here.”

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#118

Awareness of the opportunity cost and likely outcomes has been hitting me hard lately as I consider dropping out of my top-5 science (not CS) program 2 years in. I've gotten to a comfortable place with python/numpy/matplotlib and am wondering how hard it would be to break into web development as somebody who has only programmed in a scientific setting. Besides Python, I also know enough R and statistics to build line…

I've known several people who have transitioned into the tech industry without a CS degree. Particularly good examples that I can think of got their degrees in physics or some type of engineering; I even knew a guy who got his degree in political science. Really, anyone who is interested and motivated enough can learn programming, analysis, and good Unix practices.

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#119
post #64
post #23

Earlier quoted context omitted.

That "amazing triangle" idea is just nonsense. For example, computers have gotten faster, better, AND cheaper over time. There definitely are women who are sane, smart, and beautiful. Are you kidding me? Just walk around any research university where they're doing graduate-level research and you will see lots of them. As for the other gender triangle, pg is definitely handsome, sensitive and rich, so there's your dis…

The point that breaks the triangle(rectangle?) is if you add whether or not she is interested on you.

Add this point before yours: whether or not she is taken already.

If you find a smart, sane and beautiful woman doing graduate research, it is highly probable that she is already married or planning for marriage with her boyfriend/partner as soon as she is out of school. (Well, this is from my experiences in Science and Engineering departments. Might be different for other fields.)

Re: The Ph.D Bust: America's Awful Market for Young Scientists

#120
post #23

Earlier quoted context omitted.

OT, but I find it amazing that the triangle of desirable traits applies in so many places. There's the obvious "faster, cheaper, better. pick any two" and yesterday I heard another one "sane, smart and beautiful, pick two", which I'm sure has a corollary like "handsome, sensitive and rich, pick two". It's as if Brook's "no silver bullet" can be applied to just about everything our life (or it's just that easy to pick…

That "amazing triangle" idea is just nonsense. For example, computers have gotten faster, better, AND cheaper over time. There definitely are women who are sane, smart, and beautiful. Are you kidding me? Just walk around any research university where they're doing graduate-level research and you will see lots of them. As for the other gender triangle, pg is definitely handsome, sensitive and rich, so there's your dis…

   faster, better, AND cheaper *over time*.
If it happened over time, it wasn't done faster. Speed in terms of processor is synonymous with "better" (or at least one of the aspects of "better"). A better processor is a faster processor. Faster in the original expression refers to when you want something done/completed/delivered by.
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