dragonslion

Yeah, the economics program at Yale is just awful...

I don't think there will be any advantage to doing it as far as admissions are concerned, but I wouldn't leave it out of your application. Would you be teaching for a year? If I were in your position I would stay on Wall St until 2-4 months before the program started and then take a nice holiday (depending on bonus cycle).

The economics GRE no longer exists.

Did you choose Yale? If so, see you there!

No, I already accepted my Yale offer and couldn't justify the expense/time of flying there from Australia. I'm glad you were impressed, what did you like about it?

Are you going to the Yale visit day today?

The consensus is that most of the value-added comes from interacting with other tenants, so the peer effects are dominant. In terms of maintenance, I actually found the Berkeley landlords put in more effort, but the buildings here are at a higher level. I can't speak to the quality of landlords elsewhere, but the dominance of the top realtors self perpetuates pretty easily. Because 2/3 of the top 6 realtors own property near Harvard and MIT, any potential landlord I end up with has personal relationships with the realtors anywhere I'll be living in the future. It's a comforting thought.

I don't know what a preposition is.

It's interesting that we have such different views on this. I've always been of the opinion that you sign an email with the moniker with which you wish to be referred. If a professor wishes to be addressed as Dr or Professor then they should always address you as Mr and sign as Dr/Professor. As an undergraduate I might have been a bit more conservative though.

I've always responded with what someone signs with, and I've noticed that others do the same once I sign with a shortened version of my first name.

Two hours ago.

UCSD offered me a very generous 4k in the first year, with the requirement of working 10 hours a week.

PROFILE: Type of Undergrad: Top Australian, Honours Degree Undergrad GPA: 3.92 (3.99 last 4 years) GRE: 170Q 165V 4.5AWA Math Courses: Calculus II,III(A,A) Linear Algebra I,II(A,A) Real Analysis I,II(A-,A) Probability I-III(A,A,A) Statistics I,II(A,A) Stochastic Modelling(A) Complex Analysis(A) ODE(A) Linear Programming(A) Econ Courses: Microeconomics I-IV(A,A,A,A) Macroeconomics I-IV(B,A,A,A) Econometrics I,II(A,A) International Finance(A) Game Theory I,II(A,A) Financial Economics(A) Monetary Economics(A) Mechanism Design(A) Letters of Recommendation: Thesis advisor, Research supervisor, Professor Research Experience: Honours thesis in economics, RA at business school and summer research in math Teaching Experience: 3 semesters Research Interests: IO, Applied Micro, Micro Theory SOP: Standard RESULTS: Acceptances: Northwestern, Yale, NYU Stern, NYU, Chicago, Penn, Columbia, UCLA, Wisconsin, UCSD Waitlists: Michigan Rejections:HBS(after interview), MIT, Harvard, Princeton, Stanford, Berkeley Attending: Yale Comments: What would you have done differently? Nothing much, I'm not sure if I could have done much better. I could probably have worked harder and more consistently, but I don't think it would have changed anything.

It strictly dominated for my interests, hence why I said "for me". You can work with the NYU profs, but I don't think I would say Stern strictly dominates NYU for people with different interests.

I'm facing a similar decision; Yale (35k) vs. Stern (35.5k) vs. Northwestern (negotiable) vs. Chicago (27k) vs. Columbia (38k) vs. Penn (25k). I'm also a little worried about the location of Yale, but I've heard that it has improved. I'm not used to cities where two blocks away from a nice street there is a dangerous street, so if I attend I will probably live on campus for the first year. Northwestern's placements seem to have been largely driven by empirical IO and the odd theory star, while Yale's seem a little more balanced. Stern is only good for Macro and IO, so I think it would be risky to go there if you didn't want to do either of those. It's strange that you got into Stern but not NYU. I've already turned down my NYU offer because for me the Stern offer strictly dominated it. I also don't know much about Columbia, and I'm not considering it that strongly. They gave me a lot of money, so it's at least made me look twice at them. Are you going to the fly outs?

I've heard of it happening (generally committee members not chairs) but I wouldn't count on it. Depends how much they like you and how far along you are.

My guess is budget issues make things take a little longer.

That's just an elo ranking of selectivity from urch data. You have to remember that Chicago gives out a number of unfunded offers to lower quality applicants. MIT>Harvard is based off of revealed preference, placements and student-faculty interaction. A lot of Harvard's good placements recently have been to B Schools. Harvard also has a much longer left tail than MIT.

They seem to reflect faculty quality more than the quality of the PhD program. I think that MIT>Harvard>>Stanford>>others is fairly well accepted at the moment. The rest comes down to preferences. Princeton is selective but seems to have more idiosyncratic preferences. Untitled has elo rankings of admissions difficulty that has 1. Harvard 2. MIT 3. Stanford 4. Berkeley 5. Yale 6. Princeton 7. NYU 8. Columbia 9. Northwestern 10. Brown 11. Chicago However this doesn't take into account funding, so I would say that MIT, Northwestern and Chicago are underrated as they give out more unfunded offers.

Northwestern and Chicago having their flyouts on the same day is just stupid...

Probably a troll in an attempt to get people without a rejection to think they are accepted/waitlisted.

At Yale they have a butler do the hunting.

"This decision is in no way a reflection of my opinion of your institution, or its ability to suitably train research economists. I am sure you will fill your class with other excellent students. Thank you for your consideration and best wishes in your endeavours to build a graduate program in economics."

I've done a bit of research on this, the answers are complicated (I'm not a tax professional, this is not tax advice). First you need to see if there is a tax treaty with your country. There is a fairly comprehensive list here : https://www.stanford.edu/group/fms/fingate/staff/taxcompliance/res_jobaid/tax_treaty_form.html I'm assuming that you will be on a F-1 visa, and are hence what is classified as a "non-resident alien" for your first 5 years in the PhD program. Non-resident aliens do not have to pay FICA (social security and medicare) but do have to pay income tax on their stipend (not on the tuition waiver) which is withheld at 14%. If your country has a tax treaty, then this will effectively reduce your taxable income. As a non-resident alien you cannot claim the standard deduction, but can claim itemized deductions. This sucks a bit because for low income earners the standard deduction is better. You can however still claim one personal exemption (basically reduces your taxable income by around 4k), but if you are married you can still only claim one. State tax varies by state. Some places students don't have to pay it, not sure about NY. Most places only have local taxes on property.

Harvard.