I have heard many academics lament / complain about the hours they work, the lack of compensation given the hours, the loneliness of a job spent mostly writing grants, the pressure to wow your academic peers with your ingenuity (ie, very few professors have name brand recognition in their relative fields, and these few have a lucky cascade effect where their success means easier funding and prime pick of postdocs / students, which leads to more success and funding, etc...). Sure there are perks like flexibility (you get to decide which specific 60-100 hours of the week you want to work) and relative freedom to choose projects that interest you (assuming you can get funding for them). And for some there's also a joy in teaching / motivating students.
But are the tradeoffs worth it? Most graduate students leaving a PhD program clearly don't get that impression, hence, the massive influx of people into industrial jobs. Jobs which also have their pluses (high pay, no fund-raising responsibility) and minuses (some inevitable drudgery and boredom, longer total time at a lab bench before you have management authority relative to academia, more bosses to answer to, and less control over what questions to pursue). Notice I did not list hours. In general, the idea that industry is a 40 hour per week job for PhDs is a complete fallacy in my experience and in the experience of those I know. But in general it probably is still fewer hours than academia. I've also been asked by a friend to include opportunities for mentorship as a plus. For those PhD students who enjoy teaching and think they can only get that type of mentoring interaction in academia, there is actually plenty of opportunity as you advance to teach and motivate a team of people (not to mention some smart summer interns that flood large companies each year).
Notice I also left out "politicking" from both sets of lists. Though many students run from academia for precisely this reason, I think any job that involves human beings involves politicking. (I hold to this belief even more firmly after speaking with people in other fields such as ministry and non-profit orgs who have had similar experiences.) I will say that the brand of politics changes in industry. Many academics get away with more blunt statements than would generally be considered acceptable in a professional environment.
So what is the point of this post? Mainly it's just a haphazardly organized, mini-summary of some recent conversations I've had with students and faculty. I'd also be curious if anyone has any additional major points to add to the above mentioned pluses / minuses of industry versus academia.
7 years ago
