Private Equity vs PhD in Finance
I have spent the last two years working as an IB analyst at a bulge bracket (think/ /MS) in their coverage team. For the next step of my career, I'm considering two options - a fully funded PhD in Finance (focused on empirical asset pricing) at one of the M7 schools (think Stanford/Wharton/Booth) and an offer from a MF PE shop.
Wanted to get different points of views on this. Particularly wanted to understand what my options will look like if I want to go back to doing PE/fundamental equitiespost the PhD. I'm almost certain I don't want to end up in academia, the PhD to me is for taking some time out to explore research and work on some topics that I personally find very interesting but I can't explore in an industrial setting.