Re: Help!!!--- Choice: full time vs part time finance PHD
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29 Aug 2010, 08:18
I have quant finance master from waterloo. But I don't think math finance itself is promising for finance. I want a real research not just formulae. I know some guy under Hurd, whose research is not that interesting for me.
For business school, I like more real business research with math as a tool. I personally don't think of some complex math necessary. As for queen, its economics background catches my eye. For EDHEC, I don't need to leave my work. They need 8 weeks' residence in 3 years. And they have first class profs with Princeton, MIT PHD.
Personally, I don't like bank type jobs in which even most PHDs just write programs like senior IT. The difference is :some work with quite complex financial models then code them;the other work with simple models then code with huge amount of data from the trading book.
My real intention is with PHD I would be able to work in industry then switch to academia or directly to academia.
Are you a finance PHD student? If so, do you think the research you are doing will have a real contribution to our society? I sometimes just ask myself, will finance need that much mathematicians? I like merton type guys, who develop real ideas not make things more complicate.