Sponsored Ad:
See the top rated post in this thread. Click here

Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: Reject PhD offers and re-apply in this December?

  1. #1
    Trying to make mom and pop proud
    Join Date
    Jun 2015
    Posts
    14
    Rep Power
    4


    Good post? Yes | No

    Reject PhD offers and re-apply in this December?

    Sponsored Ad:
    Hi everyone,

    I have finance PhD offers from UBC Sauder and Rochester Simon, but now I have a chance to work as full-time RA for an institute led by Prof.Thomas Sargent and will hopefully get a letter from him if I re-apply for finance PhD this December.

    I know there is some opportunity costs and I might be rejected next year due to all possible reasons and the subjective perception of being rejected once. So should I reject my offers and re-apply?

    And if you were me, which school would you choose? Why? Any advice will be immensely appreciated!

    BTW OP is a applying with a master degree from China.
    Last edited by iamlyx; 04-08-2018 at 01:20 PM. Reason: More information added

  2. #2
    An Urch Guru Pundit Swami Sage
    Join Date
    Jun 2011
    Posts
    1,239
    Rep Power
    12


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    If you were doing econ I would easily say to do the RA. I don't think you will have worse outcomes next year with the RA under your belt, so your are probably fine taking it. Also, if you are interested in asset pricing you are probably better off doing the RA than if you want to do corporate finance.

  3. #3
    Trying to make mom and pop proud
    Join Date
    Jun 2015
    Posts
    14
    Rep Power
    4


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    Quote Originally Posted by YaSvoboden View Post
    If you were doing econ I would easily say to do the RA. I don't think you will have worse outcomes next year with the RA under your belt, so your are probably fine taking it. Also, if you are interested in asset pricing you are probably better off doing the RA than if you want to do corporate finance.
    Thanks very much YaSvoboden. I have more research exposure in corporate finance (already have a conference paper presented in many schools) and some exposure in asset pricing (e.g. collecting data and constructing variables in AP projects). But my research interest is still open.

    BTW do you have any suggestions on the school choice between UBC and Rochester? Thanks!
    Last edited by iamlyx; 04-09-2018 at 02:57 PM.

  4. #4
    An Urch Guru Pundit Swami Sage
    Join Date
    Jun 2011
    Posts
    1,239
    Rep Power
    12


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    I am in accounting, but I think that Rochester is significantly better for finance as well as accounting. You could even talk to Rochester about deferring admissions and reapply with Rochester as your worst possible outcome.

  5. #5
    Eager!
    Join Date
    May 2017
    Posts
    88
    Rep Power
    2


    1 out of 1 members found this post helpful. Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    Finance PhD admissions are very random having gone through this myself. There is no guarantee your odds will improve next year and from what I understand you cannot defer funding for the Simon offer for a year. So I would stick with Rochester, it is a good school in Finance and it controls the JFE, one of the top journals in Finance.

  6. #6
    Trying to make mom and pop proud
    Join Date
    Apr 2018
    Posts
    3
    Rep Power
    1


    2 out of 2 members found this post helpful. Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    I am currently a full time RA at a top 5 econ department and have gone through finance phd application this year.

    Before you make your decision, you might want to make sure that you know who exactly you will be working with. The institute you referred to probably has a few professors. And how enjoyable and rewarding this RA experience will be therefore can vary a lot. So I suggest you contacting the program coordinator/ assistant to find out. Then you want to ask the program assistant or current RAs where the previous RA have been placed. These are all very reasonable questions.

    Given my personal experience and what I have seen from my colleagues, RAship is weakly more helpful for those who want to do empirical corporate finance.

    I was in a similar situation as yours and I never regretted my decision. I agree that it will come with risk, but you would have a good idea how big the risk will be once you find out who you will be working with and where former RAs were placed. Rochester is a decent program, but with a top-tier RA ship you will get a decent chance to get in top 10 or even top 5.

  7. #7
    Trying to make mom and pop proud
    Join Date
    Jun 2015
    Posts
    14
    Rep Power
    4


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    Quote Originally Posted by YaSvoboden View Post
    I am in accounting, but I think that Rochester is significantly better for finance as well as accounting. You could even talk to Rochester about deferring admissions and reapply with Rochester as your worst possible outcome.
    Thanks for your reply YaSvoboden. But the recent placements of UBC finance are very strong (UC Irvine, Columbia Business School, UVA Darden) while Rochester' are relatively weak. So I really have a hard time making my decision.

  8. #8
    Trying to make mom and pop proud
    Join Date
    Jun 2015
    Posts
    14
    Rep Power
    4


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    Quote Originally Posted by ted23 View Post
    Finance PhD admissions are very random having gone through this myself. There is no guarantee your odds will improve next year and from what I understand you cannot defer funding for the Simon offer for a year. So I would stick with Rochester, it is a good school in Finance and it controls the JFE, one of the top journals in Finance.
    Thanks, ted23. Yup, I agree that Rochester probably has the strongest legacy and alumni network outside of the top 10 schools.

  9. #9
    Trying to make mom and pop proud
    Join Date
    Jun 2015
    Posts
    14
    Rep Power
    4


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    Quote Originally Posted by Balapan View Post
    I am currently a full time RA at a top 5 econ department and have gone through finance phd application this year.

    Before you make your decision, you might want to make sure that you know who exactly you will be working with. The institute you referred to probably has a few professors. And how enjoyable and rewarding this RA experience will be therefore can vary a lot. So I suggest you contacting the program coordinator/ assistant to find out. Then you want to ask the program assistant or current RAs where the previous RA have been placed. These are all very reasonable questions.

    Given my personal experience and what I have seen from my colleagues, RAship is weakly more helpful for those who want to do empirical corporate finance.

    I was in a similar situation as yours and I never regretted my decision. I agree that it will come with risk, but you would have a good idea how big the risk will be once you find out who you will be working with and where former RAs were placed. Rochester is a decent program, but with a top-tier RA ship you will get a decent chance to get in top 10 or even top 5.
    Please see below
    Last edited by iamlyx; 04-10-2018 at 01:29 AM.

  10. #10
    Trying to make mom and pop proud
    Join Date
    Jun 2015
    Posts
    14
    Rep Power
    4


    Good post? Yes | No

    Re: Reject PhD offers and re-apply in this December?

    Quote Originally Posted by Balapan View Post
    I am currently a full time RA at a top 5 econ department and have gone through finance phd application this year.

    Before you make your decision, you might want to make sure that you know who exactly you will be working with. The institute you referred to probably has a few professors. And how enjoyable and rewarding this RA experience will be therefore can vary a lot. So I suggest you contacting the program coordinator/ assistant to find out. Then you want to ask the program assistant or current RAs where the previous RA have been placed. These are all very reasonable questions.

    Given my personal experience and what I have seen from my colleagues, RAship is weakly more helpful for those who want to do empirical corporate finance.

    I was in a similar situation as yours and I never regretted my decision. I agree that it will come with risk, but you would have a good idea how big the risk will be once you find out who you will be working with and where former RAs were placed. Rochester is a decent program, but with a top-tier RA ship you will get a decent chance to get in top 10 or even top 5.
    Thanks for your helpful advice, Balapan. Part of the reason I'm considering re-application is due to some family reasons. And it's hard for me to have a better idea of the risk because the institute is new and only one student has applied Phd (admitted by Stanford operation research phd).

    BTW do you mind sharing your application results? You can just PM me. Thanks

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 2
    Last Post: 02-19-2016, 05:32 PM
  2. Replies: 8
    Last Post: 02-12-2015, 02:07 AM
  3. Replies: 0
    Last Post: 08-18-2011, 08:07 PM
  4. reject offers of PHD in economics
    By teatime in forum PhD in Economics
    Replies: 1
    Last Post: 04-02-2008, 07:13 PM
  5. reject @ Yale, Stanford. anyone got reject from Cornell yet?
    By dionysus in forum Admissions Results
    Replies: 10
    Last Post: 03-29-2004, 06:41 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •