In MS > PhD I posted
I have once again seen that in engineering fields, a Master of Science is a more valuable degree than a Doctor of Philosophy. My son (who just finished his M.S .in computer science) has been on the job market for a few weeks and has just gotten his first job offer. The salary is larger than the salary offered to a new engineering faculty member at UCSC who has a Ph.D. and 3 or 4 years of postdoc training (in fairness, his is a 12-month salary offer while the faculty member’s is a 9-month salary, which could be supplemented another 22% if the faculty member gets grants to fund it).
For that matter, his starting salary would be over three-quarters of my salary as a full professor with a Ph.D. in computer science and 37 years of experience. It is easy to see why academia has a hard time hanging onto engineering faculty, when industry is willing to pay so much more for shorter hours.
I’ve no idea whether my son will accept the job offer. He has had serious interviews at 4 companies, so may be getting more offers soon—he is down in Santa Barbara for a 2-day interview right now.
As it turned out, my son got three job offers in the past week, each more lucrative than the one before. He had to make his decision yesterday, which was rather stressful for him, as each of the job offers had its own strong points. One was in San Francisco, near enough to BART, MUNI, and Caltrain that he could live anywhere is a large area and commute to work by public transit (they even pay a commuter allowance). The one that paid the most was in Santa Clara, which has a huge concentration of tech firms, but is a bit short on housing for the tech workers—he would have had to do a long bike commute or taken the light rail for about 45 minutes from Mountain View or San Jose. The company with the widest variety of different contracts and clients and probably the most stability was in Santa Barbara, where he could get housing in walking distance of the office.
All the job offers paid more than enough for him to live on, even if he joins the FIRE (financial independence, retire early) crowd and saves half his income for early retirement. They all had decent benefits (health, dental, 401k, stock grants/options, … ), though the details varied.
This was a difficult decision for him—choosing between three highly paid jobs that were well suited to his interests (first-world problems, right?).
In the end he went with the lowest offer, not the highest, because it seemed to be the most exciting work and the best location—the job is near transit in San Francisco, and he is thinking of living in Berkeley. It was also the smallest company, being a 40-person startup, so he will probably get a variety of different tasks and relatively rapid promotion. The stock options could become either extremely valuable or worthless, depending what happens to the company in the next two or three years. Berkeley seems to have a few community theater groups, which means he may be able to continue acting, even as he works his day job.