3 Comments
 
Most Helpful

I traveled to multiple countries and countless towns to figure out the question...: Should I go for a PhD in [finance subject]?
After a year of intense research, meeting peers, professors, adcoms staff, clicking through reddit and other forums... I decided not to do it.

The first reason was my eligibility for a PhD in the first place. I was lucky enough to have met other PhD candidates, and they were nothing like me. They were totally focused on academics and weren't even sure if they ever wanted to enter industry jobs. They were published, well read on massive topics, peer-reviewed and had a real scientific approach. On top of that most went to not one, but multiple top-tier target schools and were almost always the best scholar in their groups.
While I always had good grades and was interested in academics, I just didn't see myself going down a rabbit hole in an area of finance, math or economics.

The other reasons were time, lack of income, TA/RA duties, PhD locations, and overall funding of the programs offered. I also didn't think that a PhD would really kickstart my career as I hoped. The entire research around this topic took me about 18 months.

edit: for additional clarification, I looked at PhD programs in the US, France, Canada, Netherland, and Sweden.

 

Thank you for your input, kodi! I consider it to be quite admirable the lengths you took to out whether or not to get your PhD. Given the fact that 5-7 years would be spent on the endeavor, it was definitely a great move!

And you’re completely correct, I don’t see how the degree would offer much utility in the IB industry; I’m thinking it may be best to get one once I decide to switch fields and if it would be advantageous in my next field.

Although I got to a top- tier university, I am by no means top of my class, and I’ll be 26 y/o by the time I graduate. So it looks like it will be a no from me, dog😵‍💫

 

Eos ipsa quis ullam autem. Alias itaque voluptas illum inventore unde. Consectetur quisquam aliquid ut eveniet consequatur occaecati placeat. Ipsam ut voluptas et aut.

Corrupti et dolorem aut. Ab tempora iusto excepturi et quo aut. Placeat rerum accusamus et ut sed.

Sunt voluptas sit maxime. Et quia autem voluptas mollitia maiores voluptatibus. Iusto quia ad eveniet debitis est qui voluptatibus.

Voluptas ex consequuntur vel dolore qui natus illo suscipit. Nemo laborum quos qui molestiae saepe esse. Eum vero iure consectetur deleniti eos. Dolorem voluptatem nobis animi a reprehenderit odit. Ut voluptatem eum qui dolore ratione recusandae similique voluptatibus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”