Dear Hunter,
The answer is, it all depends on what's more important to you in a career:
money, power, stability, spiritual satisfaction, or any number of other
factors.
From the resources I have found, I conclude that physics PhD's are doing better
financially than rock musicians in all income ranges. Job satisfaction survey
results show that physicists and musicians are on average more satisfied with
their jobs than people in other occupations.
Interesting statics are available from The Bureau of Labor Statistics (BLS)
site (http://www.bls.gov).
US Dept of Labor Occupational Outlook Handbook compares a number of occupations
by several parameters, including earnings, unemployment rate, etc.
See sections on
Physicists and Astronomers
http://www.bls.gov/oco/ocos052.htm
"Significant Points
A doctoral degree is the usual educational requirement because most jobs are in
basic research and development; a bachelors or masters degree is sufficient
for some jobs in applied research and development.
Because funding for research grows slowly, new Ph.D. graduates will face
competition for basic research jobs.
...
Earnings
Median annual earnings of physicists and astronomers in 2000 were $82,535.
Median annual earnings of astronomers were $74,510, while physicists earned
$83,310. The middle 50 percent of physicists earned between $65,820 and
$102,270. The lowest 10 percent earned less than $51,680, and the highest 10
percent earned more than $116,290."
Musicians, Singers and Related Workers
http://www.bls.gov/oco/ocos095.htm
"Significant Points
Part-time schedules and intermittent unemployment are common; many musicians
supplement their income with earnings from other sources.
Aspiring musicians begin studying an instrument or training their voices at an
early age.
Competition for jobs is keen; those who can play several instruments and types
of music should enjoy the best job prospects.
...
Earnings
Median annual earnings of salaried musicians and singers were $36,740 in 2000.
The middle 50 percent earned between $19,590 and $59,330. The lowest 10 percent
earned less than $13,250, and the highest 10 percent earned more than $88,640.
Median annual earnings were $41,520 in the producers, orchestras, and
entertainers industry and $16,570 in religious organizations."
There's some information on rock stars on the BLS site as well:
Rock Star
http://www.bls.gov/k12/html/mus_001.htm
"Earnings depend on how popular a performer is. Half of all musicians earned
between $13,980 and $54,200 a year in 1998. The lowest 10 percent earned less
than $11,910 and the highest 10 percent made more than $91,810"
Check out the American Institute of Physics site for more statistics:
http://www.aip.org/statistics/trends/emptrends.htm
http://www.aip.org/statistics/trends/highlite/emp/figure5.html
http://www.aip.org/statistics/trends/highlite/emp/figure6.html
The San Diego State University Physics Page
(http://www.physics.sdsu.edu/general/physics.html) has a section about
facts and views on the current employment situation in physics.
Brian Schwartz in his article "Is there life after the Physics PhD?" notes some
pluses and minuses of the decision to get a PhD in physics:
http://www.phys.psu.edu/~endwar/jobs/schwartz.html
Pluses:
"The major point to encourage you as you go out into the economy:
As a graduate student in physics, you are already in the top 1%
or so of brains in the country. An income of $60,000 in a $6x10^12 is a share
of one part in 10^8, i.e. an average chunk of the economy. Doing above
average in this context isn't that difficult if you're creative and
persistent and prepared."
Minuses:
"600 or so jobs for 1400 people.
It is a fact of instituional life that university departments and
researchers are rewarded for producing PhDs, without regard for whether this
"product" is needed."
He discusses what should be done to change the situation.
There's more salary-related information at
JobStar.org: Profession-Specific Salary Surveys
http://jobstar.org/tools/salary/sal-prof.cfm
Try these Google searches as well:
site:www.bls.gov musician
site:www.bls.gov physicist
physics OR physicist "job satisfaction"
musician OR musicians OR music "job satisfaction"
phd physics employment OR career trend OR trends
musician OR musicians employment OR career trend OR trends
Work in general is a much discussed issue; have a look at the sites listed
under Rethinking Work in the Google Directory:
http://directory.google.com/Top/Society/Work/Rethinking_Work/ |