iarwain1 comments on Academia as a career option, its social value, and alternatives - Less Wrong
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I'm not as interested as others in effective altruism, although that's certainly a secondary goal of mine. My primary goal in a career was to optimize happiness by focusing on what I enjoy and am good at, namely research and deep thinking. I didn't want to go for academia for many of the reasons you mention. Instead I'm currently shooting for data science. My reasoning is as follows:
This is all pretty theoretical - I'm still in the very early stages of studying for any career. Also, I could probably have researched my options a bit better. I did talk to some people who do data analysis at least.
What do others think of my analysis?
I work at a University as a research assistant in the Biology Department and I am currently studying part-time in a masters of Biostatistics. One of the main reasons (apart from enjoying it) why I began to take statistics seriously was due to a) most of the PhD students lack of knowledge of statistics and b) complete and utter ugh-fieldness in having to do statistics.
I think your reasoning is good (though that just maybe cause it aligns with mine) just don't forget how many companies/corporate jobs there are for data-science now especially when the money seems very good. I have come to the opinion that going into academia via the "traditional" route is flawed and most definitely not for everyone (see shminux's comment) i.e. PhD -> then madly applying for very competitive (depends on field but mostly true?)post-doc positions ->even more competitive faculty job -rinse repeat. Perhaps that's just my hesitance as it seems to be a path of continual narrow specialization with unequally increasing competitiveness.