<p><a href=“In%20fact,%20quite%20a%20few%20over%20the%20past%20decade%20or%20so%20have%20imagined%20that%20their%20children%20would%20do%20well%20to%20attend%20an%20elite%20school%20and%20enter%20investment%20banking.”>quote</a>
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<p>Except, ironically, that the very same problems that you cited that afflict medicine as a career are also characteristic of investment banking: the very process of becoming an Ibanker in the first place is fraught with difficulty and is generally only available to the tiny percentage of students who can be admitted to a brand-name university, and the actual Ibanking job is arguably just as stressful as medicine. </p>
<p>In fact, becoming an Ibanker is arguably even more difficult than becoming a physician. Even somebody at a 4th tier college has a shot at attending a medical school, as long as he earns top grades and garners a high MCAT. But he basically has zero chance of becoming an Ibanker, at least not right out of undergrad. </p>
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<p>Well, I wasn’t talking about science graduates at the Ph.D. level. What you seem to be talking about is characteristic of PhD’s in general. After all, whatever problems science PhD’s encounter, surely you would agree that PhD’s in humanities and social sciences (except perhaps for economics) have it far worse. </p>
<p>But, to your point, since you mentioned Ibanking previously, how’s this for a proposal: instead of spending trillions of taxpayer dollars to bail out an ailing, corrupt, and socially parasitic banking industry, let’s redirect those funds towards basic science research. That would spark an explosion of opportunities for science PhD’s.</p>