Hey guys, so a little bit about myself, I'm currently 22M completing my final year of engineering and mathematics studies at WA. However, I've been offered some opportunities to take up PhD studies in applied mathematics at the same uni under a scholarship (merit + experience) The stipend is actually a bit more than the regular RTP at 33.5-38k depending on some other factors.

I wanted to see what are the job prospects of a math PhD in industry after graduating? From what I understand, I should have the expectation to be getting the same job as a fresh degree grad. However, most of the quant jobs nowadays have been replaced with data analytics and statisticians. I'll be hoping to conduct research in network theory and maybe pickup machine learning along the way.

For PhDs that have left, was it difficult transitioning into industry after sacrificing 3 years of work experience any advice to give? I'm mostly pursuing my PhD out of interest and also with pretty good supervisors. Academia would be nice if it presents itself, but I'm not going to put any bets on it given the current education situation and number of vacancies that come up.