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  1. phd2017
    I wouldn’t worry too much about it unless you are shooting for only going to a top 10 program or something. If you have an accounting bachelors from a decent place, a MAcc AND a CPA, you can most certainly get in somewhere respectable if you ace the GMAT. Just apply broadly across the ranks.
  2. phd2017
    I would explain and include in your personal statement the reasons why you dropped out of your previous program. Its still going to be a problem but if you have a strong enough profile hopefully a couple of admissions committee would overlook it. I would make sure to apply broadly across the rankings and not take for granted lower ranked programs that may admit you. You can do quite well with a PhD in finance even from a lower ranked program.
  3. phd2017
    If you already have a Master’s in Finance, what Master’s degree would you be pursuing next? Another...Master’s in Finance? I don’t think another Master’s would make any sense unless you’re applying to some other PhD discipline. You have the sufficient educational background PLUS work experience to get into Finance PhD programs as-is, assuming your GMAT is good enough. I would just apply to PhD programs this cycle.
  4. phd2017
    As you are probably well aware, Business PhD admissions are tremendously competitive, and especially so for Finance PhD (even lower ranked programs with 5% or lower admission rates). They are going to be even more so now with the current situation. I think your biggest hurdle is going to be just answering for why you dropped out of a Finance PhD program after 1 semester. That would be a big red flag for an admissions committee. Especially reading between the lines which seems to indicate you did the Master’s because you likely felt the LRM PhD wasn’t “good enough” and you wanted to trade up to a better PhD program in the future. Which is fine but will likely eliminate a lot of lower ranked programs from consideration, and the higher in rank you go the harder its going to be to get an admit. I am not sure why you would now want to pursue an additional Master’s, unless you dropped out from your previous master’s program? I am in my early 30s as well, starting a PhD in the fall, and we aren’t getting any younger. I would honestly just apply for PhD and not waste money on another 1-2 years pursuing a master’s. I would be prepared for lots of questions from anyone that would want to interview you as to why you dropped out of your PhD program. Pretty big hurdle IMO.
  5. phd2017
    Consensus from other forums I’ve read seems to be less funding available due to declining university revenues=potentially fewer spots for PhD student cohorts at some schools for the next few years. Combine this with a job market with high unemployment and there will probably be more PhD applicants the next few years. Which will likely lead to lower admission rates.
  6. phd2017
    Depending on the programs you are targeting and GMAT score, I would just apply to PhD programs the same cycle as applying to Master’s and if you get in to PhD, go. If you’ve been working 18 years already you’re probably at or past 40 so I don’t see why you wouldn’t just apply to PhD programs right away. That is coming from an almost 32 year old with 10 years of business experience starting a program this fall. If you crack a 700+ GMAT just apply to PhD programs across a broad spectrum and see if you get some bites. If you don’t get into a good enough program or no programs, then consider the Master’s. But I don’t think its necessary or that an online Master’s will be that beneficial to your application unless you get to do some research or something. It definitely won’t help job prospects post-PhD IMO.
  7. phd2017
    Considering the last recession the market crash happened in late 2008, hiring in the private sector at least didn’t truly pick up until 2012, maybe more like 2013. I am thinking that 2020 is looking to be another 2008 and that by the time 2024-2025 rolls around and we are on the market university budgets will be in better shape than they will be over the next few years, and that there will hopefully be some pent up demand considering a few years of belt tightening of TT hiring. I think it will be a brutal job market over the next few years though.
  8. phd2017
    Anyone have any idea if/how this thing is going to effect entering 1st year PhD’s? Should I be prepared for an email revoking or reducing my stipend? Or even expecting postponement of the program?
  9. phd2017
    You’ll definitely get in somewhere for either Marketing or Strategy if you apply broadly enough. Your GPAs are fine and GRE scores are right around the median for the schools you listed. The work experience and RA experience were helpful for my profile and will be for yours. So it just mostly will come down to a numbers game at that point and “fit”. I was admitted to a lower tier R1 in Strategy with full funding with a worse profile. I would suggest contacting the PhD coordinator for the programs you are interested in applying if possible to try and get on their radar, especially if it is a smaller program. It went a long way in establishing rapport with the program I was accepted to and signals your interest early on if you can convey that to a decision maker.
  10. phd2017
    From what I understand its to get a better university on your CV to place better for the following year’s market instead of having to take a TT position at a lower ranked university or at no university at all if you had previously failed the market.
  11. phd2017
    I would check out some of the profiles from current PhD students in the programs you are interested in attending to see what kind of degrees they have and where they got them from. Overall though I think its a mix of both. A strong masters GPA may help make up for a weak bachelor’s GPA, as it did in my case. Also I was able to teach and was a research assistant during my masters which I think was effective in signaling my interest in doing a PhD. It also allowed me to get some strong recommendation letters from academics that I would otherwise not have had.
  12. phd2017
    You say that their school is #1 in your heart and mind and that you would immediately accept their offer if given one.
  13. phd2017
    Thanks! When they sent the offer letter for acceptance/stipend they said I was being considered for the University wide fellowships that are available. Not sure if that is something that they submit for only 1 applicant or they do that for everyone.
  14. phd2017
    I have been recently accepted into my target program, but my stipend is much lower than yours, in the low 20s. I am being considered for some University fellowships I won’t know about for a couple more months, but I am also looking at external funding to make the transition easier financially. Luckily my wife has a good job and I have savings from working in industry for awhile, but would rather not dig into that if I don’t have to.
  15. phd2017
    I've started to do some research looking at faculty background at non-research schools and it seems to me like it can be all over the board. I see full time faculty with maybe an MBA and a PhD in a non-business related field like psychology, or MBA/CPAs. And you'll see some DBAs. What I've realized is because there are not that many business PhD's from AACSB institutions coming out every year, there is a big gap between the qualifications of faculty at the big AACSB research schools and smaller teaching schools that may not be accredited or just have regional accreditation. And among the teaching schools the qualifications for faculty can vary widely.
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