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99% chance you will not get a tenure-track academic position with Math PhD. Most of the Math PhDs are working on Wall Street along with the Physics PhDs and some of the Engineering PhDs. Wall Street USED to be a haven for the quant PhDs, but now there is oversupply of MFEs who are willing to work hard and work cheap, so that is driving down the PhD salaries. So that is creating tension between the MFEs and the quant PhDs because there are not so many positions available for both the quant PhDs and now in addition the 5,000 new MFEs every year.

[QUOTE="TraderJoe, post: 43471, member: 1961"] 99% chance you will not get a tenure-track academic position with Math PhD. Most of the Math PhDs are working on Wall Street along with the Physics PhDs and some of the Engineering PhDs. Wall Street USED to be a haven for the quant PhDs, but now there is oversupply of MFEs who are willing to work hard and work cheap, so that is driving down the PhD salaries. So that is creating tension between the MFEs and the quant PhDs because there are not so many positions available for both the quant PhDs and now in addition the 5,000 new MFEs every year. [/QUOTE]

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