biology? do you not see all those postdocs struggling for life in the states?
also, you know for a top school, how many people graduate with accounting phd each year? how many people graduate with finance phd each year? how many graduate with biology/biochem each year? its something like 2,4,100
biology? do you not see all those postdocs struggling for life in the states?
also, you know for a top school, how many people graduate with accounting phd each year? how many people graduate with finance phd each year? how many graduate with biology/biochem each year? its something like 2,4,100
-- by 会员 Mengsk (2011/5/19 4:03:18)
Biostatistics is not exactly equal to Biology. They are two different disciplines.
statistics phds are great. Getting a stanford or berkeley or harvard statistics phd means great job prospects. They are not less competitive than, say top10 finance.
I would say statistics is one of the very few phd programs outside of b-school that are almost just as good for ones career. They tend to be small, and the skill you learn are useful for industry (biostats, wallstreet).
It is all about supply and demand. What are the criteria for best phd fields? 1. super-low student faculty ratio (which gives you easy academic placement), 2. good industry job prospects. I don't think any other phd programs other than statistics have those two features.
computer science used to be good back in the tech-bubble days because the demand is so high despite the also high supply. Now its garbage.
One interesting observation: For Chinese, there seems to be a "ring" on finance or business that statistics don't have. Just like the older generation of Chinese all want to go into physics or hard sciences in general when they were young, this generation of Chinese hate theory and LOVES business.
Salary is one of the consideration. But should you also consider which choice has more job opportunities?
The precondition of your conclusion is that those two graduates can both get a Faculty job in USA. How about the Finance guy can not get a job in USA? A lot of reports showed that Biostatistics PhD graduates have more and more chances while Finance ones' job market is shrinking.
Going to Hong Kong is not too bad, both industry-wise and academia-wise. Especially industry, its a good choice.
Let us consider the WORST case. If you go to say Beida for a junior faculty position. If you come from finance/accounting, you need to be a marginally top50, fresh phd. You get paid a total compensation package of 40wan a year. If you come from anything outside the B-school, you need to be probably better than top50, with few years of postdoc, and you get paid maybe 7wan a year.