I am interested in a PhD related to investments and asset allocation. Hmmm...am I too old to do this?...
I retired this year as a Chief Investment Officer managing cash and investments within the Treasury department of a large U.S. tech company. The portfolio size was tens-of-billions but the volatility was low, as is typical for US Tech company portfolios. I would like to earn a PhD in Finance while continuing to learn about the latest research in asset allocation theory and practice. In the future I would enjoy teaching asset allocation and portfolio management as a professor and perhaps consulting to industry. I am fortunate that I already have enough money to live on (more or less) so my main goal is to be affiliated with a university while continuing to learn.
I am looking at some practice tests to see what kind of GRE or GMAT I can score. The last time I took the GMAT I only got 640, but that was 25 years ago. I'm hoping that I have accumulated more abilities since then. I am guessing I can get a very high math GRE or GMAT score but not without a lot of effort!
- Age: 49, single, excellent health
-1987 BS Mech Eng Univ of MN 3.25 GPA
- 9 years engineering/mgt experience at GM and Boeing
-1996 MBA USC 3.65 GPA
-1999 CFA
-16 years portfolio management experience mostly in fixed income at 3 institutional buy side firms, a large city, and at 2 large corporations
- At the large US Tech company I led a team of 4 PMs/Analysts. We managing managers and managed most of the portfolio internally.
- No publications and only a few, stale, academic references.
I'd like to attend a school that is actively involved in asset allocation research. Here are some schools I have in mind to apply at for Fall 2013:
Berkeley
Stanford
UCLA
USC
UC San Diego
Vanderbilt
ASU
UNR
NYU
EDHEC (3yr European program)
Thanks for your comments!!