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This seems strange. In industry, it seems that great cachet is attached to academic experience. In AI, there are a lot of positions paying a half million per ye
by woah 8y ago
This seems strange. In industry, it seems that great cachet is attached to academic experience. In AI, there are a lot of positions paying a half million per year and up that are only available to PHD's. In blockchain, there have been many projects that have had little to show besides a powerpoint and the letters after the founder's name but still raised tens of millions of dollars in funding from big name VCs. For a time, this was so prevalent that projects like this were given the joking name "professorcoins".
Are you talking about the experience of students whose subjects are not used in industry? In that case, it seems that they would have a difficult time regardless of whether or not they were in academia, since they would simply not be working on their subject at all in the private sector.
- grigjd3 8y agoCertain fields have an easy path to the private sector, like computer science, but a lot of academic research is done by academics because the private sector would never pay for it. Certainly when I left academics, I didn't see many employers looking to study initial data for the binary black hole problem. ;)
- zwaps 8y agoNo, in fact I would classify AI as a special case, because there is a high premium on experience, and even more on theoretical knowledge - rare as it is. It is a new field. In many other fields, PhDs are too expensive and specialized relative to other candidates. This is also relatively speaking. PhDs will certainly find some sort of job, but given how much income they forgo during their studies, the starting position is often relatively underpaid.