Is there life after HEP - The Myths and the Reality of Working in Industry

1. Is there life after HEP -The Myths and the Reality of Working in Industry Kathy O’Shaughnessy, PhD R2 Technology, Inc.

2. R2 Technology • Founded in 1993 • Privately held, venture-capital backed company (5+ rounds of financing) • Will have an Initial Public Offering “sometime this year” • 80 employees • 1999 revenue approximately $3.5 Million • 2000 revenue projections $9.5 Million • First product FDA approved in 1998 • Main product: ImageChecker M1000 • Computer Aided Detection for Mammography

3. Mammography Statistics • Number of women over 40 years of age in the US: approx 60M • Number of mammograms each year in the US: approx 30M • Number of women called back for additional views 5 -10% • Number of women biopsied 2 - 5% • Number of women diagnosed with cancer 0.5% • Sensitivity* of screening mammography: ~ 80% • Specificity** of screening mammography: 90 - 95% • * Sensitivity = TP / TP + FN ** Specificity = TN / TN + FP

4. Early Detection Benefits 5 year survival after initial diagnosis Average treatment cost $140,000 97% 20% $11,000 Late Stage Early Stage Source: American Cancer Society, 1999 Breast Cancer Facts and Figures

5. Screening Challenge • complex image interpretation • high volume • short viewing time • extremely low incidence (3-10/1,000)

6. A solution-Computer Aided Detection • Computers don’t get fatigued. • Computers are consistent. • Computers don’t get distracted. • Current processing speeds allow very complex analyses in a short amount of time. • First step - an adjunctive aid to the radiologist to help detect abnormalities on screening mammograms.

7. Computer Aided Detection System The ‘ ‘ marks calcifications The ‘ ‘ marks masses or distortions.

8. Radiologist alone CAD alone Radiologist + CAD missed missed “oversights” Detected Marked Detected missed

9. Survey of former particle physicists • Anecdotal survey of 18 former particle physicists living in the Bay Area • Average number of years since leaving an academic position: 3.5 (range 3 months to 10 years) • Median number of companies worked with since leaving HEP: 1 • Median number of positions since leaving HEP: 2 • Most common way to find a job - connections/networking

10. Senior Process Engineer Engineer/Scientist/Manager Staff Scientist Senior Staff Engineer Senior Software Engineer Systems Design Engineer Principal Software Engineer Staff Software Engineer Algorithm Scientist Senior Key Account Technology Manager Systems Engineering Manager Technical Staff Member Software Design Engineer Software Engineering Manager Scientist/Engineer Different Job Titles/Classifications

11. “Useful things I learned in academia” • systematic approach to complex problems • analytical/critical thinking • setting up experiments • toolbox of mathematical techniques • teaching (sharing technical information with different audiences) • ability to learn on one’s own • specific skills (electronics, data acquisition, C++)

12. “Skills I wished I’d learned in academia” • communication skills: verbal and written • how to write grant proposals, technical reports, journal articles • managing people: how to recognize and develop the strengths of a given team of people • scheduling: people and resource management • more of the skills for a particular job (e.g. electronics, digital signal processing, computer skills, formal software design principles and tools)

13. Myth and Reality • Myth: The work environment is completely different. • Reality: Depends on the company. Compare Yahoo, other internet companies (job titles like Grand Poobah, inhouse slides and ping-pong) with a cubicle-city Dilbert-like company. Some companies have research arms that are like a university lab. Some jobs require more hours than HEP, some less.

14. Myth and Reality • Myth: People in industry are only concerned with the bottom line. • Reality: A company that can’t make money won’t exist. It doesn’t mean that you can’t create something that you are very proud of/brings you scientific recognition.

15. Myth and Reality • Myth: The work is boring. • Reality: Some is - but you have a lot of options, especially with a PhD at the end of your name. Find something with a motivation that excites you (money, research recognition, fastpaced, competitive).

16. Myth and Reality • Myth: People in industry make a lot more money. • Reality: Depends on your definition of “a lot”, but probably true. For example, from the American Association of Physicists in Medicine, a PhD with no board certification has a median salary of $93K (averaged over all levels of experience), with starting salaries near $75K. Silicon Valley startups have more potential for a large gain, but more risk as well.

17. Myth and Reality • Myth: If you leave to go to industry, then you weren’t smart enough for academia. • Reality: Not true. Many leave for personal reasons, or because they don’t like the “career” options available to them at a given time. Some want to have more control over what they are doing. There are lots of very smart people out there!

18. Summary • HEP is a good training ground for many careers. • “Working in industry” covers a large variety of job types and environments. • Widen your horizons by becoming aware of different career options. • If you do decide to make a change, it is a tremendous opportunity to find a job that encompasses a lot of the types of things you like to do.