Hi everyone,
Now I have to make a decision between these two schools. Both are good so it is a hard decision. Wisc guarantees my funding for the first four years (TA). UCSD guarantees my funding for the last four years(TA). However, UCSD is now considering augmenting my funding package and most students can work as Summer RA in the first two summers with a salary of $4000 in each summer.
My interests are metrics, macro and finance, and I do not like micro theory. But I am an undergraduate student now and many people tell me that it is likely to change interests in the first year.
It seems Wisc is rising. They hired Randy Wright, Dean Corbae, Sorensen, Hendricks. They also have Durlauf, West, Hansen and Engle.... I guess Wisc is strong in Labor, IO, macro, international and metrics. However, I heard that the program is very tough, and Madison is very cold in winter...Moreover, the placements in recent years seems not that good.
UCSD's metrics is very good, though White passed away and Guggenberger is leaving. I think I can receive rigorous training in metrics there. For finance, there is Allan Timmermann; for empirical macro, they have Jim Hamilton and Valerie Ramey...Many Econ PHD students at UCSD say that the program is very good, the environment is friendly and they are satisfied with life there. However, it seems UCSD is trapped in financial problems, and it doesn't hire any seniors.....Moreover, Macro at UCSD is also weaker than Wisc.
I would appreciate it very much if you could provide some information or give me some advice. Thank you!