Earlier quoted context omitted.
>I never suspected that just digging into questions that were fun and curious and maybe someday somewhat useful, making discoveries, and writing papers could be a career that could support a family. I am interested in pursuing a PhD in Pure Mathematics. What are the career prospects for it? Based on what I read academic prospects don't seem too thrilling. It appears you may have to do multiple post-docs at low pay, a…
> What are the career prospects for it? I typed in a comment rejected as too long, clicked on the wrong icon, and lost it. My view of the prospects is, in a word, poor. Others have described the prospects for an academic math career. I would add, should include a lot of politics, friends, alliances, etc. Outside of academics, long the main source of jobs in math was in US national security, with some of the major com…
Country wealth and birth rates are not positively correlated, and due to immigration, countries can have positive population growth even as their birth rate is below replacement.
> For Wall Street, I still have the letter back from Fisher Black at Goldman Sachs saying that he saw no opportunities for optimization on Wall Street. I sent lots of resume copies, went on a few interviews, had not yet heard of James Simons, and got nothing.
To conclude from this, despite everything that has happened in the interim, that math is unemployable is an, uhm, mistake. As I recall, President Obama was lamenting the brain drain to Wall Street speaking precisely of the number of math PhDs lured there from more fruitful pursuits. Not to mention, as I recall there is an equation bearing Mr. Black's name, the accurate/efficient solution of which has had some importance in finance.