PhD in economics
I'm in kind of in a unique situation where I'm in the industry that I want to be in (commercial banking), my company is willing to pay (a reasonable amount) for graduate school, and my work is down the street from a well respected, nationally renowned (although not elite) economics program. Any further education I get will be solely for the purpose of learning and moving up the corporate ladder in my industry. I'm thinking strongly about entering the MA in economics program in the fall of 2014 and eventually possibly getting a PhD in economics.
Does anyone have any thoughts on economics programs in general? They seem to be easier to get into and more prolific than PhD in finance programs. Do they offer any practical knowledge in, say, banking and financial services? Are they well regarded? What do people generally do with economics doctorates? Any insight is appreciated. Thanks.
Hard as chit to get into a doctoral econ program
goodluck op
I would imagine. This program has a specific track just for MA candidates and says it will knock off 30 credits for its PhD candidates who already have an MA. Maybe the MA would make it a lot easier to get in. Either way, I'm definitely going to be hitting up my friend for some of his Adderall.
will right something later. I'm leaving this as a reminder..
Interested in your take.
Look at the urch economics forums
Wow, yes. For anyone reading this sometime in the future, just google "urch economics" and there is a mountain of information on that forum over there.
just curious, but what else is learn with the phd? what do you do after it if you don't stay in academia?
PhD in Economics (Originally Posted: 05/11/2012)
I am currently completing the 2nd year of my PhD in Econ from a non-target, and I was wondering if there are non-programming jobs for PhD holders on the street? Most of the interviews I get now are for quant positions, and I was thinking if that's just the way it works on the street?
I don't think it's really about learning with a PhD as it is with about becoming an expert are the two related yes but they are not the same. If you become an expert you usually will research something and add to the specific body of knowledge of the topic you researched.
I dont know why the PhD has such a strict reputation,especially in the US, but no one says you have to stay in academia with a phd. There are plenty of people who have PhDs who went to work for banks or asset mangers or insurance companies etc.
My BIL is going through recruiting right now as an Econ PhD (semi-elite, not MIT/H/Chicago). Depending on what you want to do, it's incredibly competitive (academia). However, he's gotten interviews at almost every consulting firm he applied for (all non-MBB). It's also like 6 years of school - do you want to do that?
Also, can you do a PhD part-time (assuming that employer paying means you'll keep working)? And you can definitely tailor your PhD to your interests/desired focus - it's all about what you do your research in.
Personally, I think a PhD is a bit ambitious without having thoroughly considered all the potential outcomes, costs, and opportunities. This isn't like a two-year MBA - it's a significant portion of your life. Not saying go one way or the other, just seems like it's a bit of a weird thing to consider because your employer will help pay and you have a program near you.
I know 2 guys who went for PHD's - one dropped out and got an MBA, the other finished, and they were both successful, though the phd guy is probably worth a couple hundred MM more than the MBA, though both of their firms are top notch.
I'm considering a PhD, but in financial engineering/mathematics. It can definitely open doors. Also, why do you sound disappointed about getting interviews for quant jobs? In my opinion, they are some of the best paid and interesting positions on the street.
it's not particularly what i want to do. i will do it if that is only what i get though.
PhD student questions (Originally Posted: 04/20/2015)
Hello guys, I used to come around here a few years ago and just joined again!
So, I'm an econ phd student at a good university (think harvard/MIT) doing finance related stuff. I realized I don't want to be in academia much longer, I have a good undergrad background (turned down an offer from GS/JPM/MS trading to start my PhD). I also interned at a big HF during my PhD.
I obviously know some people in the industry but I thought an external take on my situation might be useful: what kind of roles could I land in finance? Maybe start as an associate someplace? Direct move into HF?
thanks guys
I'm sure you're good with economic theories and such; however, what jobs you could find depends on WHO YOU KNOW.
you ask WSO and it'll give you a start; however, your Harvard/MIT connection is much more useful than us. Don't be only good at books, work with people and you'll find it very valuable in industry
I don't know if you'd get access to HBS or MIT Sloan, but I won't be surprised that you can take MIT/Harvard classes as a student of another, right? Take those courses to meet different people--you could run into Undergrads, MBA or PhD students who will give you a better idea.
There are few places that offers you a wide view of Finance like MIT & Harvard.
Good question. Interested to hear as well.
bump
bump!
Recruiting for Econ PhD (Originally Posted: 03/29/2010)
So I have a cousin who is getting a PhD in a quant subspecialty of economics at a top school (think Harvard, UChicago, MIT, Princeton). Math major undergad, top grades. He is pretty conservative and has been talking about going into academia or something, but I feel that this is a waste of his talent and want to bring him over to the dark side. I was thinking that a quant position at a bank or something at the federal reserve could be interesting.. does anyone here have knowledge on recruiting at the PhD level?
try Hedge funds they are pretty quant intensive. And they love PhDs
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