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Originally Posted by TheBrothersKaramazov
I don't know anything beyond this year and last year's job market placements. I do know that many people come from central banks and are obliged to return to them.
Last year, there were 4 people on the job market. One took a job at a SUNY school, one had worked at the bookings institute but decided to take a job with the US naval studies doing economic research (and received an extremely nice pay package), another went to the WB.
This year, the job market has been terrible. 4 people on the job market. No one has gotten offers at policy places, though 3/4 had flyouts to Fed and WB positions. (there were some good academic flyouts too: University of Aarhus, Dartmouth, Oregon, etc). One person who was interviewed by the WB was assumed to be a shoe-in, but didn't end up getting the job. She is taking a post-doc at the HK institute of monetary research.
All the int'l finance profs (Aizenman, Hutchison, Dooley) are well connected in these organizations. In general, I think the odds of getting a policy job are much greater than getting a good academic position. (Though, it isn't impossible. We've had grad student receive tenure track offers at schools like Indiana, Purdue, and U San Francisco. One guy on the job market this year is taking a tenure track position in New Zealand over a job at Indiana.
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Thanks a bunch for this useful information.
Indeed, this year's job market is extremely freezing. As top universities stopped hiring ***. professors, which brings severe competition. I wish the situation will be better especially when we are finding jobs.
However, why do only 4 Ph.Ds go to job market each year? I bet at least 10 students had started Ph.D course at first. Does it mean high attrition rate?