Profile Evaluation (Accounting / Finance PhD)
Hi, I am planning to apply for accounting and finance PhD for coming fall 2020. I would really appreciate it if you share some thoughts of what school range I should target.
- Undergraduate: East Asia, well-reputed university, major: Business, double major: Mathematics; GPA: 3.7
- Graduate: US Private, Operations Research: GPA:3.6
- Econ classes (Undergraduate): Microeconomics, Macroeconomics, Game Theory
- Math (Undergrad + Grad): Calculus, Linear Algebra, Mathematical Probability and Statistics, ODE, PDE, Mathematical Finance, Optimization, Real Analysis, Abstract Algebra, Topology
- Programming: Algorithms, Data Structure, Simulation - Python, R, MATLAB
- GRE: V161/Q170/AW4.0
- TOEFL R28/L30/S23/W24
- Graduate research assistant - Writing a Python code for an option pricing model
- Research assistant while preparing for PhD application - spreadsheet data cleaning and data support for a structural systemic risk for the credit markets
- Consulting Internship
- Full time quantitative research analyst for an asset management company - implementing investment strategies from replication papers from academia (2 years)
- Professor from undergraduate b-school professor (Research Dean, previous research together, maybe good letter)
- Professor from graduate statistics professor (Did very well in the class, but no research together, good to mediocre letter)
- Co-worker at the company (Developed investment model together; yet not a PhD, maybe good letter)
- FRM(I & II), CFA I - I don't think this will affect anyway in the PhD applications though
Questions or concerns you have about your profile?
- While in the graduate program, I cross-registered MBA Finance course and I did pretty bad. Will this fact somehow affect my PhD application either in Accounting or Finance?
- Compared to students coming from solid business school background, I lack research experience with US b-school professors. Does it significantly lower my chance to get into Top 30 Finance program?
- Even though I do not have much academic research experience with b-school professors, my job is highly related with replicating models introduced in academic/practitioner's papers. Can this fact supplement the lack of academic research experience?
- I plan to get a letter from my co-worker who does not hold a PhD but can support in the aspects of data handling, programming and details about research at the company. However, I can also think of getting another letter from the professor who is well-reputed in his area (quantitative finance) who I had a short research with but am not very confident about the relationship (as I didn't take his classes). It seems pretty unpredictable what the professor is going to write in the letter if I ask. Maybe "I did a short-term research with him and he supported in writing a code, that's all I know about this candidate" would be the best that he can say and if this is the case, is it worth taking the risk to get the letter from the professor?
- I am targeting Top 20 Accounting and Top 30-50 Finance PhD programs and is it reasonable to think of this range?
I really appreciate your time reading my post. Please share any thoughts of my profile!
Thank you very much ahead!