How long would it take you to save enough money to buy an iPhone 6? The answer to that question depends heavily on where you live. According to the Prices and Earnings report, published every three years by Swiss bank UBS , an average worker in New York City or Zurich can purchase an iPhone 6 with the proceeds from less than three days of work. Read more >
A study tracing the economic prospects of more than 3,000 US PhD
students suggests that around 40% take a job in industry within a year
of graduating — where they earn more than their counterparts who stayed
But earnings depend heavily on the doctoral field, finds the analysis, published on 10 December in Science1.
One year after graduating, doctorates in mathematics, computer sciences
and engineering raked in the highest amounts — US$65,000 a year on
average, with the 60% of engineers who took industry jobs earning around
$80,000 a year. Those with biology PhDs earned the least, around
$36,000 per year, perhaps because of the effect of many taking
postdoctoral fellowships — only 26% of biology graduates went straight
into industry jobs.