PhDs Lack Skills for Surviving Outside Academia

Inefficiency arises from the fact that substantial resources have been invested in training these scientists and engineers. The trained have foregone other careers – and the salary that they would have earned – along the way. The public has invested resources in tuition and stipends. If these ‘investments’ are then forced to enter careers that require less training, resources have not been efficiently deployed. Surely there are less expensive ways to train high school science teachers...

 PhD Leaves You Unprepared for Non-Academic Work

The truth is that a life science PhD leaves you poorly prepared to get a job doing anything else: 1) Grad programs put very little emphasis on developing writing skills – you maybe write 4-5 documents (proposal, 2-3 papers, plus thesis) over seven years of grad school, with very little feedback on quality of the writing itself. 2) Life science PhDs lack quantitative and computer skills – your physicist or comp sci peers will leave you in the dust when it comes to filling non-science ‘...

 Law School is a Cash Cow

In the Wonderland of these statistics, a remarkable number of law school grads are not just busy — they are raking it in. Many schools, even those that have failed to break into the U.S. News top 40, state that the median starting salary of graduates in the private sector is $160,000. That seems highly unlikely, given that Harvard and Yale, at the top of the pile, list the exact same figure. [...] IT is an open secret, Professor Henderson and others say, that schools finesse survey inform...

 Professors Come from a Select Few Universities

The evidence is not only anecdotal. A recent study by Aaron Clauset, Samuel Arbesman, and Daniel B. Larremore shows that “a quarter of all universities account for 71 to 86 percent of all tenure-track faculty in the U.S. and Canada in these three fields. Just 18 elite universities produce half of all computer science professors, 16 schools produce half of all business professors, and eight schools account for half of all history professors.” This study follows the discovery by political s...