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There are good research jobs in industry which are serious and mathematical. However they also require you to be serious and mathematical. I’d venture to say at this stage that most “data scientists” are either self taught segues from adjacent fields or have a shallow relevant background.

The serious places don’t want you… so you end up at the place that can’t tell the difference, and the self fulfilling prophecy begins.

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Can you recommend a few such places? :)

Look up the technical presenters at your favorite math or stats conference and look at the orgs they work for. That's how you can tell which orgs are serious about solving research problems and spreading solutions.

You could also look into the successful quant trading shops, if you're alright with not sharing results outside the firm. The nice thing about them is success or failure of your work is apparent much more quickly than the timescale of science, and it's harder to spin than other businesses. So the data science that gets done is generally pretty technically legit.

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