/sci/ - Science & Math

And don't forget the opportunity cost of all those years of schooling.

meow meow meow

Fuck money OP. Please be a rebel like me and avoid it like the plague.

I ask all my payments to be in food, water, and shelter. The rest is my debt to society to advance it forward. Once people start rejecting money they will lose their power.

>>3155615
>most jobs closed off because no one will hire someone who expects high salary for his degree

Are you retarded? Employers offer a salary, applicant is welcome to refuse the offer. No one's going to turn someone away because they want a bigger salary.

In fact it would be prudent to offer a lower salary to a highly qualified person, since you'd pay less for more, provided the applicant would still accept the position.

Your logic is invalid, it is likely past your bedtime, go to sleep.

>>3155629
not OP but
employers like younger people
you know it to be true

>>3155651
No, I know it to be true that employers like experience and education, provided we're talking about people in their early 40s or younger.

After graduation, Ph.D. salaries are higher than B.S. and M.S. salaries, but the difference doesn't make up for the income lost by staying in school longer.
The only reason to get a doctorate is for higher chance for a research position or personal happiness.

>>3155628
Bartering system's kinda old school brah. Like really old school. Like, fuckin 3000BC old school.
There's a reason why we used cash and before that, little, light pieces of precious materials like gold and silver.

But good luck with your asceticism. Even dah buddah gave up on that.

>>3155660
>employers like experience and education
>Wall Street

>>3155628
Angsty teenager detected.

>>3155661
>>3155661
>>3155661
>>3155661
I don't think so. With a 2 year masters, you may lose two years, but you start with at least 20k more in salary, and the salary will grow more quickly than it would for a BS. Eventually the MS pay catches up and in the end you'll make more money.

>>3155664
>>3155664
Have you ever in your life searched for a job?

>>3155672
I was referring to the doctorate..

Starting out, the initial salary of a PhD in physics is significantly higher than of an MS in physics. And, if you graph the salary of the PhD and MS, you can see that they both increase roughly linearly over your career. However, surprisingly, the MS salary has a higher slope, so they both intersect roughly a decade out of school. After that, the PhD salary just can't keep up.

My thinking is that the MS earners go into management, which may not be worth the extra money. Depends on your personality.

These numbers are just statistics. There are people with PhDs who have amazing salaries, and those with MS who make little. Your mileage may vary.

Sometimes having a PhD helps during technical discussions, when it can be used as ammunition to back up your claims. However, these days management in most companies has decided that their MBA trumps a PhD from a top technical school. Another great situation for a PhD is when you need to represent your company to the outside world in some hot technical field - that piece of paper definitely makes people take you more seriously.

One nice trick is to get an MS in a top technical school. In the very rare situation when a technical discussion turns into "what degree did you get?", the answer "an MS from XYZ" usually terminates all doubts of your ability.

Me? Physics MS from a school that has 50 times more Nobel prize winners than my coworkers' school. There have been two situations where the lack of PhD had an effect: (1) almost was not hired into a group of PhDs doing exciting work but they assumed I had one and hired me, and (2) during a period of college-level teaching I was told I had no chance at tenure.

>>3155615
300k for a math PhD? That's aiming low.

Learn to analyze stock market graphs and Wall Street will hire you for 70 million a year.

OP, I think you are mixing math and science phDs with those of the other studies. Math, science, and engineering degrees are always good because you catch up with the current tech. Employers LOVE that. Meanwhile, a phD in econ probably won't net you as much as you would have gotten if you had gone for an MBA, unless you're like Larry Summers and lie in academic papers for Goldman Sachs or something.

>>3155697
>implying you gain anything of value from analyzing stock graphs.

>>3155697
>analyze stock market graphs
doesn't work like that

>>3155697

0/10

>>3155615
>one's dreams give shit money in this system.

implying I don't make a shit-ton of money as a physicst

for chemistry at least a phd is a solid investment if you go to work for one of the big chem companies

both masters and phds get hired, but when a promotion is being handed out guess who gets it
despite the fact that for what you have to do, both ms and phd are equally skilled at it

and at that level of competance salary depends largely on personal motivation then statistics, if you want to impress your boss and hit managment you can make money
if you like research, you'll take a way lower paying position, it skewsup the graph

Is a phD in biology good for getting money? I love biology, but I'm from the urban lower class and I really wouldn't mind working in industry for a while just for my family.

>>3157896
Biology is a soft science, that unless coupled with some more technical or analytic skills, probably won't push you far. Best bet is to get an MD along with the phD.

>>3157951
>Biology is a soft science

wat?

feel better?

>>3157971
welcome to /sci/, where anything that isn't physics is a soft science

>>3157971
natural* my bad