Ph.D from CUNY worth it?
I'm thinking of applying Ph.D to CUNY Baruch for Finance or Ph.D to CUNY Graduate Center for Financial Economics.
My career goal is to land in NYC Wall st. as a quant or other stable field in finance sector in Wall st.
Due to special circumstance, I can not work and don't have any work experience.
Do I have a chance of securing a job in Wall st. right after obtaining Ph.D in Finance given that my doctoral degree will be from CUNY?
Ph.Ds are treated far differently than UG and grads. There won't be as much emphasis on the name brand, it will simply come down to your intellectual chops.
Keep a few things in mind before going this route, though:
1) A Ph.D will get you locked into a career path. You will become an expert on your dissertation topic. If this topic is no longer viable/popular/sexy five years down the road, are you cool with a career as an academic?
2) The quant jobs sound great (and they are if that's your thing) but bare in mind with the proliferation of HFT, it's not as if quant gigs are exactly growing on trees. Nowadays, a small shop with a good programmer and strong trader and adequate funding does not need anyone else. Quants will be facing a lot of the same ugly realities about the shrinking Wall Street job market in the coming decade.
3) As an addendum to #'s 1&2. If you are really dead set on working on Wall Street. Do your best to get some experience first. Interning as a Ph.D student is not advisable. It may not be what you want to hear at this juncture but even an internship you don't deem as reputable or prestigious at this point, would be a huge help to you down the road.
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