Interesting blog post from a Berkely graduate (statistician) who was on the team that created Advil...
The guy graduated in the fifties, is very smart (wrote at least one great book that I bought, referenced in this article), but for whatever reasons, he is very bitter about his entire career. Here are a few extracts from his ranting - very funny - contrasting with the modern idea that anyone, barely or not qualified, can make tons of money quickly in data science:
- With too few exceptions, I've had to fight for my money in every consulting project I've taken on in the past twenty years.
- A few years later, they were bankrupt, and Pfizer bought the shell. Typical, including the buyout. No, I did not get further consulting work from them.
- With a large well-established firm, there is one and only one reason you are being hired. The project is a disaster and every knowledgeable employee has already bailed.
- This firm is responsible for my adopting an ironclad rule, one every consultant ought share with prostitutes: Get Paid Up Front.
- So I am hired to do programming or data management. Only as a seeming afterthought do they ask, “You can do a survival analysis, can’t you?
- Each week, the testing group was discovering more and more errors at an accelerating rate. “Never, the testing will never be complete” was the answer.
- I learned Mike’s company had got their venture capital, had had it for a couple of weeks, only I hadn’t been paid.
- It took a weekend to wrest the data from Mike. Half a dozen trips to his house—I was given the wrong files twice—endless waits, plus arguments with Mike’s boss over the delays and over my insistence that I be paid just for waiting.
- The check was for half the amount due and was written against some obscure one-branch bank an hour’s drive away.
- Think about why companies call on a consultant’s services in the first place. (I know they told you they had a hiring freeze, but they lied.)
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