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> Is it really that easy to enter finance at that level (or at all), or even get a job at Google for $200k/year? I think it is when you condition on the fact t
by fnbr 10y ago
> Is it really that easy to enter finance at that level (or at all), or even get a job at Google for $200k/year?
I think it is when you condition on the fact that someone is a professor at Berkeley/CMU. Roughly 5% of applicants are accepted to top PhD programs, and less than 20% of people with PhDs at top universities (like Berkeley/CMU) get tenure track positions. Of those with tenure track positions, a minority (<50%) get tenure, and of those who get tenure, a fraction become full professors.
So the professors at Berkeley/CMU are well into the top 1% of people with computer science degrees, which makes it entirely plausible that their next best alternative is getting a high level finance/tech job.
- TheCowboy 10y agoI agree with that. I do think those limits just makes it a more obvious argument, but I thought the discussion was more general than an obvious subset of people who can have their pick of opportunities. Even "lesser" schools without top tier academic stars are having trouble retaining and attracting enough talent to accommodate the current demand, and this is even with salaries starting in the six figures. Which implies the market for people with graduate level degrees possibly has a higher demand, and should translate into a higher salary.