PhDs in Philosophy Make Zero Money

I've noticed that someone came to my blog by googling something like "how much do PhDs in philosophy make". Dude, there are virtually no jobs in this field. I think this degree is even less valuable than a PhD in English (and a PhD in English is often not worth the paper it is printed on). At least, I can see some ways of making money outside of academia with an English degree. But I just don't see why would anyone hire a philosopher. So here's the answer: PhDs in philosophy make close to zero US dollars per year. So you should pursue the degree only if your love for philosophy is so great that you are willing to live in poverty your whole life.

But here's a tip for you that may be a somewhat better compromise between your interests and the sad reality where people cannot live without money. Think about majoring in Management/Business Ethics. I think this area is becoming hotter and hotter. But hear me loud and clear: this may be a better, but by no means a good idea. I doubt the employment prospects for those with a PhD in Management are very bright, although they are definitely better than those with doctoral degrees in humanities. Moreover, it may be easier to get a non-academic job with this degree. But make sure you go into a business school for your degree, and not to a Psychology/Sociology department.

Crappy Majors: Math and Physics

I think math and physics are some of the hardest fields to get a PhD degree in. Yet those fields have some of the worst prospects in terms of pay and employment. I remember my math professor told us that a starting salary of a PhD graduate in their department was like 27K (I think he meant post-doc). I personally knew a PhD graduate in physics who was happy to find a job as a car salesman after 7 years in grad school!

Can someone please explain me this? You really have to be "one in a million" to be good in math in physics. I would think that those who are willing and able to do this would be in short supply and would get paid a lot. But this doesn't seem to be the case, right?

Interested in Psychology? Try Management Instead!

If you have interest in psychology, I suggest you major in management or marketing instead. Many areas of these two business disciplines are nothing but applied psychology. Yet both marketing and management are in business school. You may have much better employment and earning potential if you get a degree in one of the fields. As for psychology, I think there are more psychologists in the United States than dogs and cats combined.