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by IneficientPgons
1694 days ago
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STEM PhDs in the US pay no tuition and receive a stipend of typically $30K+ as well as health insurance and sometimes housing benefits. Honestly, "fuck it, do another Ph.D. in an adjacent field like math" is definitely in my "shit ran out of funds for ski trips because I retired too early and need some health insurance ASAP" quiver. > So... at that age, we can see it as just an aspirational thing. But for younger people, it mostly (not all the time) sends the wrong message. Like 20-somethings doing startup shit, PhDs can be terrible life choices or wonderful life choices. Outcomes are anything but uniform. If I had gone industry out of undergrad I might be making $150K by now. Instead I'm making close to 10x that doing exactly what I would be doing if I were an unemployed bum following my passion, all thanks to my phd. Lucky, sure. So are startup folks. |
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This is the pay at top tier universities with extremely exclusive entry criteria.
I was a former PhD student in CS. Washed out due to costs because I was self-funding. It was a local university and an R1 so not "bad" but also not ivy. I had absolutely no problem keeping up with class + research work while also working in industry as I have a lot of time on my hands and no family. I'm still a little sour about the whole thing because I had an incredible and flexible advisor. But costs are costs.
The average STEM PhD student at my university made 13k, up to 20k if you took on summer teaching duties. You did get classes covered, but health insurance came out of your stipend and you still had to cover ancillary fees (gym, technology, etc). So you walked, after taxes, with anywhere between 10 and 12k. They offered me an RA position with my PhD admission that paid approximately 20k. Obviously I could not take it and afford rent. Perhaps if they offered a free dorm and healthcare I could consider choking down 12-15k for 3-4 years to get the pay off in the end.
American PhD programs generally pay below poverty wages. Several PhD student colleagues of mine were on food stamps and lived with 1-3 other PhD students in the run down apartments adjacent to the university. It's abject suffering for the most part and direct-to-phd students often leave in their mid 30s burned out and 10 years behind other students in the workplace. I inquired with several universities about associate professor positions and even those have pretty insane post-doc requirements before being considered. You'll be 15+ years behind your cohort if you, god forbid, decide to go another 3 or so years in a slighty-above-poverty post doc position. At my university these paid around 40-45k, up to 60k for fairly exclusive positions. For what it's worth I make as much as the average industry CS PhD in a software engineering capacity after 10 years of service. I was pursuing it for pleasure and credentialing.
It is not practical, unfortunately, to pursue a PhD as an American unless you are incredibly wealthy or on a visa program. It is not surprising many PhD students are foreign born. No one intends to get rich with a PhD, but it seems even comfort is a far flung dream.