And considering how many tens of thousands of engineers the big tech companies have each, the top slice in our industry isn't that small.
Is an assistant professor different from a "full professor" in your usage here? I'm not sure how you define "paying well", but low six figures is significantly above average in the US (which is where I assume you're talking about, but also most likely above average pretty much everywhere else too).
1. Assistant Professor = no tenure, up or out after ~5 years.
2. Associate Professor = tenured, but still not "full"
3. Professor = tenured "full professor"
How much do you think the average phd in biology makes? maybe 30k/y till 27, then 45k/y till 30, then followed by 75-90?
Law exhibits a bimodal distribution in compensation as well. Paralegals make even less than poorly compensated lawyers.
I also think the remark about "stability" was hand wavy. What is it about non-SWE STEM roles that make them so unstable compared to consulting or law?
followed by 2-4 years at a postdoc, asked for in every job application for a 'biologist II' which has an average salary of ~77k (per indeed). This is for industry, not academia.
So how am I am misrepresenting the fact that being a biologist takes over 7+ years of being grossly underpaid relative to a SWE at FAANG to wind up being a little less grossly underpaid than a SWE at FAANG?
I do know a couple of friends that work at Genentech who comfortably pull in > 200k so there's that.
comp pretty much == salary (plus benefits, like insurance, 4% 401k match, maybe small bonuses). My take is that the low salaries is primarily due to the appeal of the work - kids grow up wanting to be biologists, (chemists, physicists) so there is a labor oversupply. A strong secondary contributor is overhead - a scientist can easily cost 2x salary in overhead for equipment and reagents (very field dependent).
To your point it is possible make decent money in big pharma, but they are essentially the FAANG of the bio/chemistry world and still come with 7y postgrad prereqs.
The trick is to angle your skillset to the industry skill set, network network network, even collaborations with the company directly can happen when you are a grad student. When you show up to the interview and are recommended by the people you networked with and understand their technology since you've been all over it in grad school and have some papers published to prove it, suddenly you are the top candidate in the pile. It's not impossible to do this if you angle your grad career from the start, and go to a school in an area with a lot of these companies and other good research schools nearby.
And, perceptional-wise, leaving for industry is often seen as a failure.
Bioinformatics is an entire field. The lines between molecular biology, genetics, physics, chemistry, statistics, and computer science are getting very blurry these days. Plenty of bio phds get hired for data scientist roles in industry.
No one is going to knock you for leaving for industry these days. Anyone who is a big deal enough in academia to have that kind of ego is already going to have started a company or three themselves on the side.
And as someone who works in the field, there's definitely a stigma against students not aiming for PI positions at R1 institutions. There's some practical reasons for that - students who go into industry are less useful for "empire building", but it's also cultural.
I'm lucky enough to be in a field where this isn't as true, but I'm faculty in a multidisciplinary center, and the closer you get to pure biology, the worse it gets.
Each of them is it's own world with it's own context and it's own problems.
I believe the "M" in STEM is Mathematics, not Medicine.
The article (and my experience) both deal with the "Science" part of STEM, and specifically in biology/biochemistry, and specifically in academia (professorships at universities in hard-science fields).
And defining those boundaries of discussion should be very much a starting point for any of these discussions.
As opposed to a physician, median salary almost double of a software engineer, and can live and work in much cheaper cities.
These statements couldn't be further from the truth. You don't need to hang out on HN for long to figure out that FAANG SWEs comfortably make upwards of 400k in their late 20s[1]. Barring FB and perhaps Netflix, most tech companies tend to have fantastic work-life-balance if you prefer to take it easy. L5s at Google make what Partners at McKinsey make. If you normalize by the number of hours worked, SWEs make a hell of a lot more than their peers in consulting (management or the Big4) and about the same as the median cardiologist with maybe 20% of the effort.
[1] https://drive.google.com/file/d/19ne7ccUdOWewD4rFDQjjnQEJDgs...