This From the Archive post revisits a decision many individuals struggle with. Should I stay in academia or should I go into industry? According to a 2015 Nature survey, graduate students dream of academia but are keeping their career options open. According to Nature, "The survey also revealed uncertainty and ambivalence. More than 60% of respondents said that they are “likely” or “very likely” to pursue a job in industry (see 'Industry appeal'). And 61% said that they are “likely” or “very likely” to pursue a research job with a government or foundation, which makes it clear that many graduate students are unclear about their futures." Science Careers held a webinar on the topic of industry vs academia and the panel discussion included speakers from both fields who took questions from an online audience of postdocs and graduate students. Even though this webinar is a few years old, there are still some very relevant points to keep in mind today.
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Many of you may have asked yourselves this question at some point in your academic careers. Which job would give you the most freedom research-wise? More time with your family or for outside interests? Higher salaries? Job security? 1. What questions should you ask yourself to determine whether academia or industry is the right fit for you?- Do you want to stay in research or move away from the bench?
- What are your strengths?
- What do you enjoy doing?
- What are you most passionate about?
- In academic work, you will be expected to be a self-starter, comfortable with self-promotion, and will largely work independently, developing research questions on your own.
- In industry, you will also be expected to drive yourself, but with a view toward a common goal, and an understanding of what is expected of you as a member of a research team, based on objectives set at the beginning of your employment.
- Conduct research on the web.
- Talk with people you know in both spheres.
- Attend university or institute career symposia, career fairs, panels, etc.
- Talk with people at scientific meetings.
- Attend any lunches, networking events, etc. after research talks on your campus.
- Ask scientists you meet about their own career paths.
- It’s never too early! Even by the 2nd year of your postdoc, you should be updating your CV, participating in skills courses, taking on a summer student – basically doing things that will set you apart from the crowd on the job market.
- Yes! There’s never a total hiring freeze in industry, so there are always opportunities for people who are smart, well-trained, and have good ideas.
- In academia, positions may be slightly easier to come by in private institutions, if endowments have rebounded.
- Universities need to maintain research vitality, so hiring will always be a priority.
- One way of uncovering opportunities is to find out which universities are building new science facilities. These institutions will typically need new science faculty to fill new lab space!
- This depends on the particular company/institution, particular department, particular job.
- While some may think that schedules are tougher on the academic side, some industry jobs also require a great number of hours during the work week.
- Some may feel a greater sense of freedom and therefore balance on the academic side because the hours are flexible, while others may feel more balance in industry because the hours are more structured.
- This depends largely on the person and the work situation.
- No, compensation levels are surprisingly similar based on level of experience, promotion, etc.
- Networking is #1, followed by teamwork, and being a thoughtful leader.
- Benefits in academia: a sense of autonomy, an excitement around novel discoveries, intrinsic motivators, travel, getting to know people all over the world, collegial environment. Downsides: grant renewal, feeling pressure to publish or perish.
- Benefits in industry: potential benefit to patients of what you’re working on, fairly immediate application of science, access to resources, connections to other scientists around you. Downsides: cannot always investigate areas of personal interest.
- Stay true to yourself, know yourself well before going out on the market.
- Practice what you’re going to say so you do the best job of selling yourself.
- Start early and practice often.