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I'm studying machine learning as a PhD student at Caltech. I have heard of graduating ML PhD students from my department making $400-500k/year as a starting sal
by gautamcgoel 7y ago
I'm studying machine learning as a PhD student at Caltech. I have heard of graduating ML PhD students from my department making $400-500k/year as a starting salary. Heck, they could probably retire by 35. I doubt any English major could match that... I wish the NYT article also looked at starting salaries of fresh PhDs, not just new college grads.
- bilbo0s 7y agoThe thing is this, that's nice for people who go to CalTech and get PhD's. What about the guy with a Master's from University of Illinois, Georgia or Michigan? What about the guy who only has a BS? None of those guys are getting 500 grand. The point is that people like that should probably consider a long term plan to keep their incomes growing at the mid-life stage.
- dehrmann 7y ago> Heck, they could probably retire by 35. As a PhD student (PhD students are underpaid to an almost criminal extant), you might think that, but start with half of that going to taxes, a $2M home, and escalating expenses. You can make it happen, but you get a bit of a culture shock when you go from making that much money to living off $50k in interest and living in Toledo.
- OJFord 7y ago'FIRE' pursuants do not generally buy $2M homes, or no, they wouldn't manage it!
- roel_v 7y agoWell sure and there are soccer players without any form of degree who make 10x that, what's your point?