There are many benefits that an individual will receive if he/she decides to pursue a career in academia. One such benefit would be having more control over your own schedule. If you’re a professor, you can choose your own hours for working in the department and when you want to take a vacation/ There is more time flexibility for professors as they are not required to work on a strict schedule so you feel like you’re self employed. In academia, you will receive acknowledgement for all of your personal work and contributions (e.g. writing books, making new discoveries, create new devices). After a certain period of time, a professor can receive tenure with a university, which is essentially job security. Unless the person makes a serious mistake, he/she will have a job permanently at the university.
For an individual who wishes to work in industry, there are certain advantages that will come from doing so. The first advantage is that there is potential to be promoted into a higher field when working for a private company. If you have an excellent record of achievement at your workplace, you can potentially get promoted to a much higher position in the company. Typically, an individual working in industry will make more money (x2) than someone who works in academia. For someone who wishes to work with others, industry is a great choice because you often participate in team projects. This will help you improve as a person because you can learn from your peers and working with a team is an essential skill to have. Moreover, there are more job opportunities available in industry than in academia, so there is a higher chance that someone will get hired since there are more jobs available. This allows the person to have more flexibility in choosing which location to work in. In other words, more jobs means more places that you can move into.