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

Results 1 to 7 of 7

Thread: Second PhD???

  1. #1
    Eager!
    Join Date
    Jun 2019
    Posts
    45
    Rep Power
    2


    Good post? Yes | No

    Second PhD???

    Sponsored Ad:
    So this may be an odd question, but I figure I may as well go for it. So I am currently in a PhD program at a 50-70 school (I was waitlisted at two Top 40-50 schools, but didn't get in). I am wondering if it is realistic to get into a PhD program for business, public policy, statistics, or applied math upon the completion of my current Econ PhD program in order to get a job at a research school? How likely to a Top ~20 program accept someone with a Econ PhD (especially for business or policy)? Or would I be better off doing a postdoc instead?

  2. #2
    Trying to make mom and pop proud
    Join Date
    Jul 2020
    Posts
    11
    Rep Power
    1


    Good post? Yes | No

    Re: Second PhD???

    Iím no expert, but I have heard it is almost always a waste of time to do a second PhD, as the purpose of a PhD is to learn to do good research. If you REALLY want to learn another field in depth, then maybe a masters would make some sense, as you could theoretically hit the ground running with research. That being said, it sounds like you want to remain in the field of your PhD, so why would you seek education in another? Personally, I could understand wanting a masters in some highly technical field that would be too difficult to self teach after an Econ PhD (like physics or math), but even this would have minimal career benefits as far as I can tell, and would be mostly for self actualization. My guess would be that doing a masters now would actually cause great harm to your career prospects, unless you are publishing consistently in economics all the while. For, why would any prospective employer take you seriously when you appear to be merely a credential seeker? Do the post doc if you are set on academia, or head into the private sector would be my advice. Take that with a grain of salt though, I only have a BA so you are ahead of me in experience and likely years.

  3. #3
    economist
    Join Date
    Dec 2011
    Posts
    805
    Rep Power
    12


    Good post? Yes | No

    Re: Second PhD???

    How far along are you in your PhD program? Why do you think that you can't get a position at a research school from where you are? And why do you think that a credential in another field would help? I'm not clear on the thinking behind your question.

  4. #4
    Eager!
    Join Date
    Jan 2020
    Location
    New York
    Posts
    83
    Rep Power
    1


    Good post? Yes | No

    Re: Second PhD???

    There are some people who has done it but I do not know why. Also I do not get your reasoning either.

    http://www.princeton.edu/~kiyotaki/papers/vita912.pdf
    IGIER - Universita' Bocconi
    https://smith.queensu.ca/faculty_and...CVs/hou-yu.pdf
    https://smith.queensu.ca/faculty_and...s/wang-wei.pdf

    Maybe ask them if any of their career interests you.

  5. #5
    Within my grasp!
    Join Date
    Sep 2008
    Posts
    342
    Rep Power
    14


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

    Re: Second PhD???

    Quote Originally Posted by ahududu View Post
    There are some people who has done it but I do not know why. Also I do not get your reasoning either.

    http://www.princeton.edu/~kiyotaki/papers/vita912.pdf
    IGIER - Universita' Bocconi
    https://smith.queensu.ca/faculty_and...CVs/hou-yu.pdf
    https://smith.queensu.ca/faculty_and...s/wang-wei.pdf

    Maybe ask them if any of their career interests you.
    Only two of those -Pavoni and Hou- actually have multiple PhD's (and I agree with you, I have no idea why they did it). The others started PhD's at one university then moved to higher ranked university after the 2nd or 3rd year, which usually entails restarting the program, and is not a move that I would recommend without an advisor at the current program specifically advising a student to do so.

    To answer the OP's original question, I have come across a number of people with multiple PhD's in finance or other business fields, but it is almost always someone who did a PhD in a STEM field (most often physics or engineering) but at a lower ranked university, ended up doing business or econ related work and decided to use their newly developed business interests as a way to get into academia by doing a business PhD.

    To build on what startz commented, if you only got into a 50-70 econ PhD program, why would a significantly higher ranked business, stats, math or policy PhD program take you? And if it were an equivalent or lower ranked program, what would you gain? If anything the academic job market is much tougher in math and stats and tacking on a low ranked math or stats PhD will not help you on the econ job market. And most business or policy PhD programs will not take someone who already has an econ PhD because it is considered too close a field.

    If you really truly have interests in business or policy and don't only want to do business or policy because you think the academic job market is easier (and for most business PhD's it definitely is) then maybe you should think seriously about your interests now and consider re-applying to business or policy PhD programs this cycle so you can switch over to those fields before you have spent too much time on your econ PhD. But this only makes sense if you truly feel you have interests in those areas not just because of an easier job market.

  6. #6
    Eager!
    Join Date
    Jun 2019
    Posts
    45
    Rep Power
    2


    Good post? Yes | No

    Re: Second PhD???

    In response to startz

    Right now I’m in my first year (I know, I have a bad habit of thinking too much about the future…)



    I am afraid about not getting an academic/research position because almost all the placements for my program are non-academic. I have done independent research in undergrad and my master’s program and loved it. Part of the reason why I am asking about a second PhD is that I want to maximize my chances at getting a career in research (and frankly, the majority of a PhD program is itself research).


    The reason I would actually take interest in another field is that I have two fields that I would especially like to study. The school I’m at is strongest at macro, which is what I plan to focus on here. The other field that I have become increasingly interested in is poverty (which no one at my school seems to have any experience in). I have been looking a RePEc and have found that many Public Policy Schools (and top Business Schools) produce a lot of research on poverty and economic policy. So it’s partly to build a stronger skillset for doing research, being able to specialize in both fields, and have a degree from a school with a stronger reputation and network.


    The major weak part of my application was my undergraduate grades, which I’m guessing would count a lot less against after successfully completing a PhD program.

  7. #7
    economist
    Join Date
    Dec 2011
    Posts
    805
    Rep Power
    12


    Good post? Yes | No

    Re: Second PhD???

    That's a very helpful response.

    Since you are only in your first year, you should consider moving to another program rather than doing two PhDs. The argument that your current department does not cover a field you are interested in is one of the few cases in which transferring programs makes sense. Doing it this way will save you 3~5 years of your life.

    But if you want to do this, you need to really ace the work where you are and you will probably need the support of faculty where you are.

Thread Information

Users Browsing this Thread

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

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
  •