Well, the job prospects are "terrible" if you're committing yourself to stay in physics and be a physicist in both title and profession.
The thing is, most people that get advanced degrees in physics don't stick around in the field and don't follow the traditional path. The article is correct to point out that physics departments would do better if they accept that reality and accommodate for it explicitly. Some schools already do that with the "engineering physics" degree.
Physics is a great preparation for general purpose problem-solving, IMHO.
In my own case, I do wish that I had a smoother transition out of physics, however. Spent a lot of time in my career not knowing where I fit in. Not that it's a totally bad thing, finding "a job" was never a problem, but self-actualization is harder when you're dealing with not knowing where you belong.
>The thing is, most people that get advanced degrees in physics don't stick around in the field and don't follow the traditional path.
The point isn't that if you get a degree in physics, that you're doomed. Pretty much everyone I know who got a degree in physics is doing well. The point is, they are pretty much at a disadvantage (at least initially) in getting those jobs. Whichever non-physics job you find physicists going into, it'll be easier to get those jobs with a different degree.
The only exception I can think of is quantitative finance in the 2000's, where they seemed to prefer physicists and mathematicians above all us (including finance degree holders).
I agree that physics is a great preparation to problem solving. I've heard this in industry as well. Yet I've consistently found that even those who make such statements are more likely to hire those with engineering degrees.
Versatility is one of the main things offered by a physics degree. It might not be the most preferred degree in a given area you're likely to move into, but it's probably at least acceptable.
The thing is, most people that get advanced degrees in physics don't stick around in the field and don't follow the traditional path. The article is correct to point out that physics departments would do better if they accept that reality and accommodate for it explicitly. Some schools already do that with the "engineering physics" degree.
Physics is a great preparation for general purpose problem-solving, IMHO.
In my own case, I do wish that I had a smoother transition out of physics, however. Spent a lot of time in my career not knowing where I fit in. Not that it's a totally bad thing, finding "a job" was never a problem, but self-actualization is harder when you're dealing with not knowing where you belong.