Buy side vs sell side vs PhD Econ?
Hi.
I am trying to choose between a few career options.
I have received an offer from sell side econ strategy. I am also expecting an offer from buy sude for Macroeconomist.
The ss role is more focused on econometrics research and bs is a standard Global Macro Research role. Any suggestions about what might be better in the long run? I like the ss role because of the econometrics component but my general inclination is towards macro over equity. Any inputs on company culture, work hours, career growth, exit options?
The third option is going for a PhD in Econ.
Would appreciate inputs. Thank You.
Edit: Ended up accepting bs.
DE Shaw for sure. Try to delay PhD for a year and work at DE Shaw is the best option. Trust me. DESCO is the once in a lifetime opportunity
Thank You for your inputs. Appreciate it.
I got the bs offer. Accepting that. Its in India so its bo not fo for me. Thanks!
For industry offers, you should take DE Shaw over UBS no brainer. You should only pursue the PhD in Economics if it's a top 3 program and you're close to certain you want to be a professor in economics in 6 years time. Should you eventually go into industry, each year of research in a PhD program would be valued approximately 50% of a year working in a real investment firm, so it's not efficient to do the PhD unless you really thought at the beginning that you would be an academic for life. You should also not take PhD offers from lower tier schools since they typically have horrible placements post-grad.
Citations: I have a PhD from a top 10 engineering program and had tons of friends in finance/macroeconomics
Thank you for the response. This helps. Appreciate it.
Got the offer from bs. It is far better than what ss was offering. Initially when I started interviewing the HR told me I might have to be flexible on my comp expectations but the final number they ended up offering was far higher than what I was asking for. Honestly have no clue how it worked out.
What’s the number
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