NEW HERE? LEARN MORE
closeclose
Last visit was: 23 Apr 2024, 11:30 It is currently 23 Apr 2024, 11:30
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

PhD Advice

SORT BY:
Date
Kudos
avatar
thewalrus8
Intern
Intern
Joined: 03 May 2007
Posts: 10
Own Kudos [?]: 2 [0]
Given Kudos: 0
Send PM
PhD Advice [#permalink] New post   03 May 2007, 14:42
Hi,


I have a Masters in Engineering, now, at 26, after working a couple of
years I will likely be going to the University of Britsh Colmbia to do
a MSc in Finance (I got interested in it, when i took a derivatives
course in grad school, and scored 750 on the GMAT).

Also, the prof I have spoken to at the university is strongly
encouraging me to do a PhD afterward...I might like to do so, the only
thing really holding me back is my age, and the fact that a PhD takes
5 years (seems sort of ridiculus) . Anyone have any advice on doing a
PhD? If you get a PhD from a top 5 university how hard is it to get a
good academic position (not at a community college or equivalent)? Are
there any other positions PhD's regularly get? I assume the situation for
Canada and the USA would be similar. How much do starting profs get paid in canada and the US?



Thanks.
avatar
bauble
Manager
Manager
Joined: 09 Feb 2007
Posts: 76
Own Kudos [?]: 5 [0]
Given Kudos: 0
Send PM
[#permalink] New post   03 May 2007, 22:34
Well, you're only 26 now. If you skip the master's in finance and head straight for a Ph.D., you'd be, what, 27, 28? Not old at all. 30 isn't too old either.

As far as the 5 (or 4 if you're fast) yrs go, it's not ridiculous. There is a ton of training involved, and you'll be very busy.

Most business Ph.D.'s from top 5 seem to get tenure-track research positions in academia (haven't done a detailed study, but I've perused quite a bit and I think this is true). There are other positions that business Ph.D.'s can get other than academia. Let's take finance for example, since that seems to be your intended field (?). Coming from a top 5, my impression is that you should have no problems getting a nice industry job in the financial industry (hedge fund, investment bank, etc...). You shouldn't go for a Ph.D. with the goal of getting a non-academic job in my opinion. I don't know what Canada pays, but starting salaries for b-school profs are markedly higher than those for other fields. They vary by discipline, and finance makes the most. Coming out of a top 5, I have the distinct impression that you'd make over 100k in any field, but I don't know the range for different schools (if you go through the whole app process and still don't know salary data, then you are Ph.D. material).
User avatar
hobbit
Senior Manager
Senior Manager
Joined: 23 Jun 2006
Posts: 263
Own Kudos [?]: 361 [0]
Given Kudos: 0
Send PM
[#permalink] New post   11 May 2007, 11:18
why are you in a hurry?
my best advice is that you should do what you feel best for yourself without worry too much regarding your age and even future position. if you really into a phd you'd probably find a good job after that.

b.t.w. i am 36 and will start my phd at wharton in few months time...
avatar
meramola
Intern
Intern
Joined: 14 Apr 2007
Posts: 11
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
Re: PhD Advice [#permalink] New post   05 Jun 2007, 04:49
Go for MS- PhD program as it is easier to get admission and financial aid this way. If along the way you dont want to do a PhD, you can always drop out after completing the MS program. PhD's can start their tenure as Assistant Professors and go on from there. Research options at top companies are also available. Refer to manya education site for more info.


thewalrus8 wrote:
Hi,


I have a Masters in Engineering, now, at 26, after working a couple of
years I will likely be going to the University of Britsh Colmbia to do
a MSc in Finance (I got interested in it, when i took a derivatives
course in grad school, and scored 750 on the GMAT).

Also, the prof I have spoken to at the university is strongly
encouraging me to do a PhD afterward...I might like to do so, the only
thing really holding me back is my age, and the fact that a PhD takes
5 years (seems sort of ridiculus) . Anyone have any advice on doing a
PhD? If you get a PhD from a top 5 university how hard is it to get a
good academic position (not at a community college or equivalent)? Are
there any other positions PhD's regularly get? I assume the situation for
Canada and the USA would be similar. How much do starting profs get paid in canada and the US?



Thanks.
User avatar
Himalayan
Senior Manager
Senior Manager
Joined: 26 Feb 2006
Posts: 384
Own Kudos [?]: 583 [0]
Given Kudos: 0
Send PM
[#permalink] New post   16 Jun 2007, 00:07
bauble wrote:
Coming out of a top 5, I have the distinct impression that you'd make over 100k in any field


i think it is 120k to 150k for 3 hours a week for two/three quarters in a year. though there are other committments and involvements.

i recently spoke with an accounting/finance professor from one of the best finance/accounting program. he told me that his friend from MIT with PHD in accounting joined a hedge fund that offered him 500k+ a year.
GMAT Club Bot
gmatclubot
[#permalink]
16 Jun 2007, 00:07
Moderator:
carcass
Board of Directors
4379 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions