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chadhunter

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  1. One of my recommenders told me that I can also transfer in the future but will need justifiable excuse such as family reasons. I know a couple of econ phds who transfered to finance but hardly know any finance phds that successfully transfered to a better finance program.
  2. Thanks. I actually talked with one of my referees. He said that finance academia is a small profession and reneging an accepted offer is a serious signal. Though some current PhD students said it's overstated as long as I don't apply for the same school. Not sure which one is true.
  3. Thanks another user. I believe the letter from the senior professor is more helpful than the working paper. From my first-hand and second-hand information, it seems that reference letters are the most important factor in finance phd application. That's why I am considering reapplication because I can potentially have 3 letters from distinguished professors.
  4. Thanks YaSvoboden. I had replied to you but somehow my replies need to be approved by a moderator to be seen.
  5. Thanks very much for the information, YaSvoboden. But in the long term, I think the brand name of a top 15 school (e.g. Yale, Columbia) will be an asset to me though it may be less relevant to the short-term academic placement. Also it gives a better chance in the industry, which can be a backup.
  6. Thank you. But why do you think it's bad in so many ways and a waste of time? I just feel depressed that my current opportunities hadn't come earlier before my application and want to give another try.
  7. Thanks StrategicMGMT. I agree that reneging offers will burn certain bridges and probably cause reputational damage. But will professors forget after 5 or 6 years? They are busy people and do not have time to keep a blacklist of whom to hate.
  8. Thanks zshfryoh1. I have replied you but somehow it's not shown probably because my reply is under review for being too long. Being short, I already have one working paper with a prof with over 20 top 3 publications in finance and the current coathor has nearly 10 top 3 publications. So I think I will have a better chance at the top departments
  9. Thanks YaSvoboden. Do you mean you made it? If so, do you mind sharing (or PM me) how the department that gave you offer and your referees reacted to your decision? That would help me a lot. Thank!
  10. Thank you zshfryoh1. Actually I already have one working paper with a senior finance professor who has published over 20 papers at top 3 finance journals. The other senior professor I am now working with also has around 10 top 3 publications. So the probability that my current two projects will hit the top journals are quite high. I also recently have an opportunity to do a top RA-ship for a well-known professor. Sorry that I can't give more details, otherwise it will reveal myself. In short, I just feel bad that these opportunities hadn't come earlier before my application. And I agree that reneging my offer will burn certain bridges but I really hope I could have done better. So I am asking for advice on the trade-offs. I just want to hear different perspectives to make informed decision.
  11. Admitted to a top 20-30 finance phd program but feel underplaced. Now I am coauthoring a paper with a senior professor and considering turning down my accepted offer and re-applying this December. I know it's not right but I think I should do what is good for me in the long run. I haven't talked with my referees so I am not sure whether they are willing to write a letter for me if I renege my offer. If you were me, what would you do? Any suggestions and thoughts will be appreciated. BTW I hope to enter top 15 program. Has anybody turned down their accepted offer and re-applied? Need your advice.
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