For your interests, Princeton seems better.
Hello dear urchers,
I have offers from Princeton and Berkeley and I am trying to make a decision! My interests are trade, macro and firm dynamics. The financial package at Princeton is considerably better than at Berkeley. Apart of this, I think both programs are very even in most respects. Can you please give me some opinions? Thank you!
I would go to Berkeley. I hate the east coast. I hate it here. I want to go to California and enjoy sunshine and pleasant people again.
Realistically, you should go to Princeton. It is a splendid program. It is just located in new jersey, and the surrounding area is awful.
Something to keep in mind that hasn't been discussed here in great length is that private schools in the tier of Princeton tend to have considerably more financial resources available to them than public schools. This matters for grad student QOL: stipends, quantity of TA work needed from grad students, resources for travel to conferences and other research-related expenditures, etc.
1) macro/trade group is one of the strongest and consistently places top 10/20 even this year that was rough for macro. (Columbia, NYU, Feds, etc)
2) Esteban does this stuff (as do many others) and was chosen best adviser this last year. Quality advising matters folks.
3) just hired Gianluca Violante (senior, NYU), Ben Moll stayed (senior, decline NYU) and Gregor Yarosh from Stanford just signed on. Tons of other macro and trade faculty to choose from as well.
4) If you like firm dynamics, the IO group (now 6 professors deep, one of the biggest) is also a resource so that macro-IO studying firm investment/dynamics is feasible.
Without saying anything bad about Berkeley because its a great place, I think given your interests, the difference between Berkeley and Princeton is at its biggest and favors Princeton.
now for tenure... game never ends
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