Six-Figure Career Paths (for PhDs)

Oct 11, 2023

Listen to the podcast version of this blog post here.

Are you a graduate student contemplating your future career path after academia?

Are you intrigued by the idea of transitioning into the industry but unsure about the options available to you?

In today's blog post, we'll explore six lucrative career paths for grad students, particularly those in the social sciences, and offer insights into two paths you should consider and two you might want to avoid.

1. Data Analyst

As a data analyst in the industry, your primary role would involve working with quantitative data using tools like R, SQL, or Python.

This career path is ideal for grad students with quantitative backgrounds, but even those with a stronger focus on qualitative methods can pivot into this role with the right skills.

Entry-level data analysts in the United States typically earn around $77,000 annually, while senior data analysts can make approximately $116,000 a year.

2. Data Scientist

Data scientists take a more technical approach to data analysis, focusing on data architecture, data handling, and data pipelines.

This role often requires a deeper understanding of programming and data architecture.

While it can be more challenging to break into, the rewards are substantial, with average salaries around $143,000 for entry-level positions and $200,000 for senior data scientists.

3. User Experience Researcher (UXR)

UX researchers investigate how users interact with products, such as apps, websites, and software, to enhance their usability and user experience.

This role is especially prevalent in tech-oriented companies.

Qualitatively oriented PhDs can find this role appealing, with average entry-level salaries at $110,000 and senior UXR professionals earning around $135,000.

4. Instructional Design Specialist

This role involves creating training programs and courses for employees or clients.

It is an excellent fit for those who enjoy teaching and want to apply their skills in a corporate setting.

Entry-level specialists start at approximately $80,000 in the United States, with senior positions reaching about $110,000 per year.

5. Technical and Medical Writer

Technical writers and medical writers are responsible for translating complex information into understandable prose. Technical writers earn an average of $76,000 at entry-level, while medical writers start at $89,000. Senior roles in both fields can reach six figures.

6. Consultant

Consulting roles encompass a wide range of expertise and often involve working as an independent contractor.

Consultants provide expert advice to organizations on various topics.

With a PhD, consultants can earn around $95,000 at entry-level and $129,000 at the senior level.

***

So those are the six career paths.

Now, let's delve into two career paths to consider and two to potentially avoid.

Consider: Data Analyst

Data analyst positions are abundant and continue to grow as companies rely more on data-driven decision-making.

This role serves as an excellent entry point for PhDs with quantitative backgrounds.

Moreover, it offers opportunities for career advancement into roles like data scientist, product manager, or leadership positions.

Consider: Instructional Design Specialist

For those who enjoy teaching but want to transition into the industry, instructional design is an ideal choice.

You'll use your teaching skills to create effective training materials and courses, helping individuals learn new skills or technologies.

Avoid: User Experience Researcher (UXR)

While UXR positions have gained popularity, it's important to note that they are heavily concentrated in the tech industry, which has experienced job market fluctuations.

Be cautious, as this field may have periods of instability, and competition for roles can be fierce.

Avoid: Consultant

Consulting can be demanding, often requiring long hours and limited work-life balance.

If you prioritize work-life balance, a consulting career might not be the best fit.

Conclusion: Start a Six-Figure Career Path Today

In conclusion, there are numerous high-paying career paths available to social science grad students in the industry.

It's essential to evaluate your skills, interests, and career goals when choosing the right path for you.

Consider data analysis and instructional design as promising options, while remaining cautious about UXR roles in a competitive tech industry and consulting positions with demanding workloads.

Make an informed decision to set yourself on a successful career path outside of academia.

Ready to get your first industry job? Check out my bootcamp for social science PhDs:

https://www.gradschoolsucks.com/sales-page-49ff0bd8-890d-41e2-9217-5687f7c06798 

GET BLOG UPDATES

Want to Know About New Blog Posts?

Sign up below to be the first to find out whenever I publish a new blog post.

You're safe with me. I'll never spam you or sell your contact info.