Personal Finance for PhDs

Emily Roberts
  • 5.0 (47)
  • SELF-IMPROVEMENT
  • UPDATED SEMIMONTHLY

As a PhD (in training), you face unique money challenges that stem from your low stipend/salary during your years of graduate school and postdoc training. Listen here for the hard-won financial wisdom of your fellow graduate students, postdocs, and PhDs with Real Jobs. From budgeting and frugality to investing and debt repayment, this podcast is your higher education in personal finance.

  1. This Grad Student Experiences Financial Ease Thanks to Her Side Hustles

    JAN 26

    This Grad Student Experiences Financial Ease Thanks to Her Side Hustles

    In this episode, Emily interviews Nashae Prout, a 5th-year PhD candidate in toxicology at the University of Rochester. Nashae's first year of graduate school on a $28,000 stipend was financially challenging, so she now maintains two side hustles. She serves as a graduate community assistant for graduate housing, an up to 10 hour per week position that gives her a 55% reduction in rent. She also adjuncts for a nearby university with the support of her PI. Between these two side hustles and her disposition toward frugality, Nashae can comfortably max out her Roth IRA and spend in areas that matter to her, experiencing financial ease. She concludes the interview with excellent advice on time management and prioritization.

    34 min
  2. Resources for PhD Job Seekers from the Hosts of Propelling Careers

    JAN 12

    Resources for PhD Job Seekers from the Hosts of Propelling Careers

    In this episode, Emily interviews Dr. Jim Gould and Lauren Celano, the co-hosts of Propelling Careers, about strategies for PhD job seekers, starting with an update on the PhD job market. They discuss how PhDs can figure out the salaries of various careers and particular jobs, including where they might fall within a posted salary range, and what benefits are offered at a company. They review where job seekers can go for both free and paid assistance. Finally, both Jim and Lauren give excellent financial advice related to job transitions.

    48 min
  3. Catching Up with Prior Guests: 2025 Edition

    12/15/2025

    Catching Up with Prior Guests: 2025 Edition

    Emily published the first episode of this podcast in July 2018. This is the 246rd episode, and over the last six and a half years, the podcast has featured over 300 unique voices in addition to her own. For our last episode in 2025, we are catching up with the guests from Seasons 15 through 17, and a few from earlier seasons as well. The guests were invited to submit short audio clips to update us on how their lives and careers have evolved since the time of their interview, as well as to provide their best financial advice if that has changed since that initial interview.

    25 min
  4. How Financial Policies Impact Graduate Student Attrition

    11/26/2025

    How Financial Policies Impact Graduate Student Attrition

    In this episode, Emily interviews Dr. Connor Ferguson, a postdoc at the University at Buffalo studying how professional development and student success initiatives influence the graduate training environment. While pursuing her PhD in higher education at West Virginia University, Connor worked full-time as a student affairs professional supporting health sciences graduate students, which has given her multiple perspectives on how to support graduate students. Connor and Emily discuss the best practices that universities and programs can implement to reduce graduate student attrition and strengthen the workforce development pipeline, including how to raise stipends and provide for basic needs.

    45 min
  5. Financially Thriving as an International Scientist in the US

    11/17/2025

    Financially Thriving as an International Scientist in the US

    In this episode, Emily interviews Dr. Sonali Majumdar, the assistant dean for professional development in the graduate school at Princeton University. Sonali is the author of the recently published book Thriving as an International Scientist: Professional Development for Global STEM Citizens. Sonali and Emily discuss the various financial challenges that international graduate students, postdocs, and researchers face when coming to the US, including the start-up expenses and relative financial dependence on their advisor's grants. They also touch on the learning curve that international scientists experience in the areas of immigration, taxes, and investing.

    55 min
  6. Money Is a Good Enough Reason to Leave Academia

    10/20/2025

    Money Is a Good Enough Reason to Leave Academia

    In this episode, Emily interviews Dr. Gabrielle Filip-Crawford, the founder of the peer support network Recovering Academics. Gabrielle left her tenure-track position after discovering she was vastly underpaid with almost no room for salary growth even after promotion. Gabrielle shares the common financial questions and mindsets that she sees within the Recovering Academics community, such as not understanding what different careers pay and feeling guilty for needing to earn more money. Gabrielle and Emily discuss how graduate students and postdocs can improve their money mindsets prior to pursuing academic or non-academic positions post-training.

    45 min
  7. Increasing Income and Giving Back as an International Grad Student

    09/22/2025

    Increasing Income and Giving Back as an International Grad Student

    In this episode, Emily interviews Snehanjana Chatterjee, a 3rd-year international graduate student at Texas Tech. Snehanjana recounts her financial journey over the past few years, from how she funded her start-up expenses upon moving to the US to how she's gained scholarships and awards to increase her income. Snehanjana volunteers to help international students acclimate to the US, and she shares some of their concerns and questions. Finally, Snehanjana asks Emily about banking and investing as an international student not planning to stay in the US.

    41 min
  8. How to Negotiate Your Salary Post-PhD

    09/08/2025

    How to Negotiate Your Salary Post-PhD

    In this episode, Emily interviews Dr. Kate Sleeth, the founder of EduKatedSTEM, on salary negotiation for PhDs. They discuss why everyone should negotiate salary and why Kate regrets not negotiating in her first position in academia. Kate teaches how someone should calculate their minimum salary number before going into a negotiation, including the free tools to use. They wrap up with Kate's best single tip regarding the negotiation process and her best financial advice, both of which are straightforward to implement.

    33 min
See All (98)

5
out of 5
47 Ratings

About

As a PhD (in training), you face unique money challenges that stem from your low stipend/salary during your years of graduate school and postdoc training. Listen here for the hard-won financial wisdom of your fellow graduate students, postdocs, and PhDs with Real Jobs. From budgeting and frugality to investing and debt repayment, this podcast is your higher education in personal finance.

Information

You Might Also Like