How much could a Econ PhD earn in industry?
I am a current undergraduate at Columbia and planning to apply for Econ or Finance PhD after graduation.
Both my parents are professors and I took it for granted that i should be a PhD. However, I have little interest in academic career. I have interned in a VC firm, and really want to work in buy side after graduation.
If I could be able to break into a T10 econ or finance program and choose to work in industry, how much could I make in 5 years after graduation? And how could I break into a VC/PE firm?
Thanks for your help!
net workign
you have little interest in academic career and still want to go for PhD, why?
I love do research and I really enjoy a PhD life. However, one of my idol (who is also my mentor) go to industry directly after Econ PhD@Stanford and have achieved huge success. Moreover, my parents are both professors, I was told the importance of knowledge thousands of times since i was born... I know it's hard to understand, but as for me, a PhD degree seems to be an obligation.
If I were you I would first attend a grammar course before thinking about any PhD
alright then, good luck with your PhD, as said above you'd better use networking to break in.
Teach me to use networking please.
Wonder how LTCM went down with all the "knowledge" it had.
Joking aside, if PhD is something you want to pursue, by all means. Honestly I can think of few career options in finance that requires PhD.
Better stay on top of networking. Have you also considered aiming for an Economist job? Friend did phd at Upenn and got an Economist position at JPM.
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I think you have to look into yourself and figure out what you really want.
not a normal path to the buyside though you would have a shot at macro or quant shops (e.g. PIMCO or AQR) if you do something interesting with your research and go to an elite program.
Do the math on what an MBA in finance makes vs a PhD in anything. Hell I think the debt a PhD is looking to take on is more than they ever hope to make. Sounds like a waste of time. I guess learning for the sake of learning is its own reward.. LMAO.
debt? Most Ph.D's are research grant supported programs where grad students get paid stipends... There's a lot of reasons not to do a Ph.D., but I think finishing with no debt vs. $160k for an MBA is a distinct advantage.
But yeah - i'd def agree that avg earnings potential coming out of a top MBA is higher than for ph.d's.
That is false, most PhDs are swamped with debt from all of their combined schooling. I'm pretty sure the only reason an MBA has for talking to a PhD is when they order a latte at Starbucks.
haha true.
do quantitative finance
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