I have funding from both schools, so funding wouldn't be my concern. For now, I am not sure what field I am interested in, but I have narrowed down to IO, and finance¯o. What are you guys' opinions on these two schools? Chicago econ worries me a little bit, because I am concerned that I might not do well in placement if I go to Chicago. But I noticed that chicago has started their joint program in financial economics and its first year's placement seems great. (And chicago is definitely the best place for finance) The cons of going to chicago might be all these rumors: very competitive, professors would be only nice to good students and etc. For yale, its placement seems getting better every year. And I am surprised that two stars from yale, vavra and berger, are studying macro, which yale is not traditionally good at. Its IO placement is promising. And I heard that the environment is quite friendly. I would appreciate any inputs!