It doesn't pay to do a Ph.D.
Seema Singh -
Sunday, September 14, 2008 2:51 PM
I know this blog title is blasphemous, at least for the sci-tech community. But read on... it's the conclusion of a mathematical analysis of salaries drawn at one of the respected scientific universities in the country - Cochin University of Science And Technology (CUSAT).
It's published in September 10 issue of Current Science by none other than its vice chancellor and you can read it here. It shows, given the current scenario and incentives for Ph.D., an academic is better off not taking a Ph.D. as far as the net financial returns in long term are concerned.
This rather provocative conclusion once again raises the issue of salary and scientists in India. The 6th Pay Commission's recommendations might have brought cheer to many sections but the scientific community isn't swooning over it. The Confederation of Atomic and Space Scientists & Technologists (also called Coast) says the immediate net increase in the pay due to the new recommendations is ‘merely' 18 %. (Given the present economic turn, I think it's a decent raise, though it's another issue that this would do little to compensate for the negligence of the past.)
Most government scientific establishments are bleeding as scientists leave for better private sector salaries (and sometimes working conditions). ISRO, DRDO, you name it. You can read this interesting debate among scientists on money and science in India.
There's no easy fix for this, but it's certainly worth pondering.