I am a UK student, 23 years old, and started a PhD in theoretical physics last October 2018 at a top 15-20 university (my undergrad Maths degree was at a top 5 uni where I got a First Class Honours 1:1), I have since come to realise that I do not want to pursue a career in academia but want to go into industry.
Considering that a PhD in these disciplines cannot replace work experience and to mitigate that at best, you could train programming skills and general knowledge in the area which you are going to apply to (although you would have nothing to show for it, and which would be learnt on the job anyway). Then would a full PhD in theoretical physics/pure maths (~4 years) be considered a downside in the eyes of an employer compared to a graduate with 1 year of PhD, when applying for a data science/analyst/consultant/actuary job?
Any advise, especially from STEM PhDs and PhD dropouts who later went into industry, would be greatly appreciated. Thank you very much!