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Is a Postdoc Worth it?
Jim_Austin writes "In a very funny column, Adam Ruben reviews the disadvantages and, well, the disadvantages of doing a postdoc, noting that 'The term "postdoc" refers both to the position and to the person who occupies it. (In this sense, it's much like the term "bar mitzvah.") So you can be a postdoc, but you can also do a postdoc.'"
No.
(Brought to you by a postdoc.)
Yeah, postdoc stuff really seems to either be mandatory or irrelevant (bordering on a negative), with very little in between. Either way, if one is looking for money, they are the wrong way to go. Postdocs are generally for people really passionate about a subject, not people who just want a well paying job.
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Have a concrete plan to feed yourself. Or save the schooling for retirement, after you've saved up enough to live on. Digging yourself a hundred thousand dollar hole isn't a great idea right out of the gate.
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They're talking about science and engineering postdocs in the article, not humanities. Science and engineering postdocs are paid, just not very well, and science and engineering graduate students are also paid as well as having their tuition covered, so the point about debt is moot. Grad school and such in these disciplines is mostly about opportunity cost (years in your 20s potentially squandered) and potentially limiting your future career opportunities depending on your field and/or continued desire to remain in the academy.
I'm doing a postdoc right now, and while I don't mind the 60 hour weeks, the uncertainty is what gets at me. After a long education one basically becomes a vagabond, drifting from university to university, never knowing where one will be working in 3 years' time. And the last year of each postdoc is spent writing applications for other places. In my home country, there are 1-2 available permanent positions every decade or so in my field, each of which typically has more than 100 applicants from all over the world. Getting one of those is pretty unlikely, to put it mildly. So I'll have to choose between permanently moving far away from friends and family, or leave my field of research. Unless I'm better than all the 100+ other applicants.
The postdoc situation is a symptom of there beeing too little resources invested in science compared to the number of people who want to do science. Instead, society is investing resources in things like moving imagniary money around really fast (yes, high frequency trading and other finance is a big employer of drop-outs from my field - they can emply more people, and pay much higher salaries, despite their detrimental effect on society). Yes, I am a bit bitter.
Science and engineering postdocs are paid, just not very well
Do a search on STEM postdoc job ads - $50k is considered very generous. No, you won't starve, some people get by on less (though usually in low cost-of-living places rather than the high CoL areas where the better universities typically are). $50k/yr is about $24/hr assuming 40 hr weeks, but that's a ridiculous assumption. A goof-off postdoc probably does at least 60 hrs/wk, so that's $16/hr if you were paid on straight time. Hourly workers are supposed to get time and a half for OT, so an hourly worker doing 60 hrs/wk would pull in $50k if they worked 60 hrs/wk and had a base rate of $13.74/hr. How long after high school to get a Ph.D.? It varies quite a bit, but say 8-9 years on average. No big deal. Personally I don't understand why, however lazy and unmotivated Americans are, there aren't more of them clamoring for postdocs, when for a little education they can rake in big bucks like that.
From the "You should only care about money dept."
Umm, no -- from the be realistic about your life dept.
If you're independently wealthy and just want a Ph.D. in English lit. or art history, by all means, go for it and pay the $150k or whatever! If you're retired or have money to burn or whatever, I applaud your effort to become more educated. Seriously, I really do. I wish more people who had the means did such things with their money.
But as someone who actually has degrees in fields that are NOT considered "lucrative," because I deliberately decided to do something I enjoy, rather than earn the most money I could... I think I have plenty of experience to give advice here.
And being realistic is not the same as "only caring about money." If there were a higher demand for Ph.D.'s in the field you love, there would be more opportunities for "full rides" for graduate school in your field. If you aren't talented enough to get one of those, the chances that you will subsequently land a nice tenure-track job somewhere are very low.
I know people with Ivy League Ph.D.'s in the humanities who graduated half a decade ago, have a number of publications in top journals, have teaching experience, and they STILL can't find a decent tenure-track job. If you're paying $100k to get your crappy graduate degree from Upper Bucksnort University, you really think you have a chance?!?
I'm not trying to quash anyone's dreams, but you need to ask yourself what you're getting for that $100k+ investment, other than a boatload of debt.
By all means, keep the dream: go out and get a job, save up some cash, and then if when you're 35 or 40 or whatever, go back and get that Ph.D. with the money you saved -- if you still really want to. I admire people like that a great deal.
But shelling out for graduate school when it won't help you be able to do what you want to do anyway, and it could actually HURT your future by having crippling debt and branding you as "overcredentialed" as you try to find a realistic job.
P.S. Yes, I have a job in what I wanted to do, and no, I do not have any debt from graduate school. But I know a few people who do have ridiculous debt from graduate school, have no job or some crappy job that isn't anything that they ever wanted to do, and are struggling to get out of debt... there's no chance that they will ever get a decent academic job.
To try and put this in perspective: adjusted for cost of living (OECD comparative price levels), the salary for a post doc position in Norway equals $48k a year in the US. For the UK, which also pays well for postdocs, it's $47k. Other European countries have lower postdoc salaries, e.g in Italy a post doc at IIT (which is a well funded national laboratory) pays the equivalent of $37k.
Ergo, at $50k, US postdocs are on par with the best paying countries in Europe.
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