offers for this yr

[jahizbarlas]

i dont know if you guys know about this or not. i decided to post this here because there was a lot of talk about what kind of salaries are offered to fresh econ phd grads.
http://www.bluwiki.com/go/Econjobmarket_offers
p.s: check out the freaking hedge fund offers!!!

[daageep]

wow those hedge fund salaries are fantastic. what do these hedge fund people do? i mean what do they expect an econ phd to do?

[grahamcoxon]

never heard about that. great link!

[abababba]

They are most likely quants, they probably just some stupid regression and attempt to make money. The closest comparable field is either finance or econometrics.

The salaries aren't that hot, given that you've just given up 5 years of earning power. Depends how big the bonus is though.

[apropos]

http://en.wikipedia.org/wiki/Quantitative_analyst

I heard that in quant jobs, it's not the salary, but the end of year bonus that matters most. And I think it's more than just regression, I'll find out if I don't get any good Econ Ph.D. admission offers this year..

[jahizbarlas]

well maybe i should follow up with a bunch of other links you guys might like.

this is a forum: (it has stopped being used now)
http://econrumors.blogspot.com/
new forum:
http://econjobrumors.proboards105.co...d=jobrumorpost

my interest was mostly to find this and i had stumbled upon all these sites:
http://www.bluwiki.com/go/Econjobmarket
(i wanted to see who had the best flyouts and what research they did to get these flyouts)

[YoungEconomist]

It says that econ consultants from top 15-20 universities make $175K. What about people who only went to a school ranked 35-70 or so, can they still make good money as econ consultants? Or do firms not hire many econ consultants who did not go to top universities?

[abababba]

Don't get a PHD to make money. Its that simple. Of course you can get a reasonable job with almost any econ PHD. The quality of jobs as well as salary will decline as the ranking declines. This is obvious.

[Prometheus_Econ]

Originally Posted by abababba

They are most likely quants, they probably just some stupid regression and attempt to make money.

It can actually be quite complex. Quants mostly deal with asset pricing, and the design of new derivatives. It's much more involved than just running some "stupid regression." I wouldn't think that quants are hired from economics PhD programs in general. They like to hire Physics PhDs since the math you learn in a physics PhD tends to be nearer to what you would use in quantitative finance (lots of numerical methods, high-dimensional integration, etc.). And there's a growing number of Master level programs for quantitative finance (best ones probably at NYU, Columbia, Carnegie Mellon, Stanford, Michigan, and Berkeley) that cater to that market. If you look at their curriculum, it only distantly looks like an Econ Phd's curriculum.

[shootermcgavin7]

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