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It's probably more lucrative for highly educated americans to go into finance than do actually useful things
someone told me once that at least half of the people studying fluid dynamics go on to model the stock market rather than anything scientifically interesting
So many talented/cool mathematicians I went to college with are now just getting boatloads of money being "data analysts/scientists" for consulting firms or startups. It's really a shame
Yup. I know a couple of people with PhDs in engineering and sciences and the only way for them to pay back their massive student debts is to go work in finance.
Imagine how soul crushing that must be
hahahhahahahHHhHhh its more than that
source: my ass
Finance capital maintaining dominance over industrial capital as the rate of profit declines?
who could've predicted this.
It is. The average new grad quant (not just the PhDs, even the bachelors') salary at a top hedge fund is literally more than twice the average tenured math/physics/CS professor salary at a top school (though lots of tenured professors have a ton of lucrative advisory/consultant side hustle positions with corporations)