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Re: working with young professors
The advice I've received is that younger professors are more willing to advise you/your JMP on methods and specific areas (ie framing a topic or how to do some sort of modeling), but that it's best to have more senior professors pushing for you on the market as your main advisor. That's not to say you shouldn't get involved in research with younger professors, it's just worth knowing that they won't have as much pull when it comes to helping you land a job. From talking to students, it seems like the optimal committee is one senior faculty who is dedicated to their students and has a history of placing them coupled with two younger faculty you can go to for specific advice.
Of course, I'm no expert and only passing along what I've heard from others so hopefully someone more experienced will chime in.