| I used to worship institutions such as Bell Labs. But I guess when you learn how the sausage is made, it takes the luster off of things. The book, My Life as a Quant: Reflections on Physics and Finance, talks about why he left Bell Labs to be a quant on wall street. I remember after graduating college. I was unsure what to do next. My profs wanted me to do PhD. My fiancee, a PhD candidate, was against it. The company I worked at was willing to pay for my masters in electrical engineering but again my fiancee made the argument since I was repulsed by large organizations that I would resent it. I would most likely end up working for those companies. He was right. This is what happened to my friends. 5 years ago, I was reconsidering a PhD, I thought comp sci or stats. So I dipped my toe and got a masters in stats - it was fun. Do a PhD? No. What for. Economically it would not make sense for me. I would only do it if I found a fun topic such as modeling detection of prostate cancer (my masters project) but so far the idea of working for the immoral pharma industry including the unis and rest of them makes me ill. I wish I learnt Marie Curie's secret on how to focus on the work and forget the rest. But I haven't. My husband works as a computer science researcher (AI) - I KNOW I never want to do this. Pittance for ground breaking work done at excruciating slow pace with so many failures. The shit he puts up so he can work on the stuff that interests him - boggles the mind. I almost want to scream - get a bloody commercial job (effectively 2x salary) and use your own money to run your own tests. But he has seen what the prospects and the environment through the eyes of friends smarter than him and knows the true cost of politics. Smart man. I would never advise anyone to do a PhD unless you are in love with the topic. |
In one corner, we have engineers and scientists whose full time job is to solve problems and create new ideas; in the other corner, we have those whose full time job is to acquire money in any way possible - executives, Wall Street types, etc. It is easy to guess who will emerge financially victorious. Sadly, I don't think it can be any other way.