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Career prospects after Ph.D in Corporate Finance 09 Nov 2006, 14:36
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Hello All,

Iam new to this group and must say this forum is very informative. Currently I am doing a MBA ( not from a very high profile school). However I have no much choice since I work full time and this school is close to my work place. However I have developed interest in Corporate Finance and was contemplating if to pursue a Ph.D in corporate finance.In that case I will have to quit my job and go to school full time. I have no problems with 4 years of school and hard work if I can see silver lining behind the dark clouds. My goal is to be a top Financial analyst/executive. I dont think my current MBA can help me get there. Please advise if a Ph .D in corporate finance can be a well paying ,high profile job in the industry.

Thanks for your time.
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tkkoh
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Career prospects after Ph.D in Corporate Finance 09 Nov 2006, 16:49
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I'm not familiar with the field of finance, but from what I have heard, a PhD in finance is well-sought by the industry. And the industry pays well too - especially if you are from a top school.

However:
1. You will never get into a top program if your objective is to work in the industry.

See MIT's FAQ (which is a good represention for the rest of the top schools)
Q: Should I plan to do a doctorate if I want to work in industry when I graduate?
A: Our program prepares people for careers in research and teaching.

2. Taking a 4 to 5 years phd program has high opportunity costs if your intention is to go into the industry. I think there should be good Master programs to help you achieve your career goal. You might find more help at https://www.gmatclub.com/phpbb/viewforum.php?f=86.

Cheers,
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Career prospects after Ph.D in Corporate Finance 10 Nov 2006, 09:32
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tkkoh
I'm not familiar with the field of finance, but from what I have heard, a PhD in finance is well-sought by the industry. And the industry pays well too - especially if you are from a top school.

However:
1. You will never get into a top program if your objective is to work in the industry.

See MIT's FAQ (which is a good represention for the rest of the top schools)
Q: Should I plan to do a doctorate if I want to work in industry when I graduate?
A: Our program prepares people for careers in research and teaching.

2. Taking a 4 to 5 years phd program has high opportunity costs if your intention is to go into the industry. I think there should be good Master programs to help you achieve your career goal. You might find more help at https://www.gmatclub.com/phpbb/viewforum.php?f=86.

Cheers,
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Thanks for your reply.
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Paul
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Career prospects after Ph.D in Corporate Finance 11 Nov 2006, 07:03
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I must say that I know of people who joined top IB post PhD. Usually, those people join within a very quant group though (derivatives structurer, algorithmic trading programmer). Overall, I tend to agree that top PhD programs do not favor candidates planning to get into the industry. However, there are other degrees which can help you break in. For instance, you should consider the Masters in Finance from LBS. Many candidates within the program do previously have an MBA and it does help leverage your chances of getting in the industry.
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