TI and CEMFI

[lightyears]

Hi everyone.
I've been admitted at both programs, but with no funding. TI also asks me to pay 1600€ (reduced fee). I was wondering what to do. They both have deadlines (TI is in 2 weeks!), and probably pros and cons. Is anyone in my situation? My interests are mainly into macro and finance. This would lead me to CEMFI i guess, but TI offers TA during 2nd year and 30k € during phd, compared to 13800 of CEMFI.

Thoughts welcome!

[GradEconBliss]

In terms of finances, you want to opt for TI (higher salary) looking at next 5 years. But if you consider a longer horizon, CEMFI might be safer financially since they offer guaranted internship after graduation (that's what I've heard, not completely sure though), whereas after graduating TI you have to find a job. Also, Madrid has smaller living costs, though i am not sure about the what's the exact differential. Additionally, if you are from Romance cultures (Italy, Spain, Portugal, Latin America), you might feel more comfortable in Spanish speaking country.
And by no means I try to empty a spot on TI admitted list for me ) By the way, i haven't heard from TI yet (prob. this Monday). Did they email you? I suppose, they may give me some kind of fin.aid since it takes them so long to make a decision on my appl.

[lightyears]

Yes, i got an email. You are right in many points. I am from a "latin" country and Amsterdam is way too rainy i guess for me to bear :P Good luck with your app! I'm sure they will be good news