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What is the labor market to those with doctorates in applied mathematics? Is this degree is worth the effort?
By "The real crisis of science" in the Chronicle of Higher Education, students "see long periods of training, lack of work academics, and the intense competition for research grants looming ahead of them. "The Bureau of Labor Statistics claims that mathematicians experience an average employment growth and strong competition, however, the Wall Street Journal currently occupies the "mathematical" as the number one employment in the country.
Most people I know who has a doctorate in mathematics in the last 20 years spent to obtain a second Ph.D. in Finance because they could not find academic work. The main problem is that many of the world-class mathematicians left Eastern Europe and came to the U.S. – Removing posts Rookie doctoral work. There is an additional problem this year. Many public universities have a recruitment freeze by the financial crisis. When you Launches in the fact that last year was the peak year of college for Baby Boomlet (children of boomers), which implies that the demand for university teachers fall in the coming years. PhD mathematicians be able to get jobs in the industry if it can not find jobs in academia. This claim will as strong as some years ago – from Wall Street demand for mathematicians is dead.
Dr. Matt Shank’s Acceptance Speech