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Originally Posted by cliff23
Yale's webpage makes a big deal out of their emphasis on collegiality and a cooperative environment amongst the students. It says people are encouraged to work together, and not to compete, and to be friends, in contradistinction to a place like Chicago. I think, bearing in mind the stress of the phd program, that I will need that.
Also, one of my advisors warned me against Harvard because they tend to focus all attention on the superstars, and the rest of the graduate students are left to languish. Yale, on the other hand, has a reputation for nurturing every single student into the best s/he can be (similar to MIT). I need this, I believe, coming straight from undergrad. People who have masters degrees will be running circles around me until I can catch up, and I don't know if I would make it into the front half or the back half of the class at Harvard.
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I have to say that looking at Yale's faculty does not really convince me of their strength in macro.
None of the big names in macro is there and I can't remember any macro-guy out of Yale doing well in the job market in the last few years.
Having said that, if you are not 100 percent sure that macro is your thing, then Yale might be attractive because of its strengths in other fields (econometics, theory...).
If you are very sure that macro is your thing, I would prefer Harvard, even though I heard the same stories about them. However, if you got into Harvard and Yale, aren't there any other offers you can consider? (if you really want to do macro, there are better places than both Yale and Harvard).