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I'm a recent college grad ready to apply for PhD programs in the fall. I have my 3 rec letters, my GRE, and I think I have a shot at a school at least in the top 10. The one caveat is that my goal in getting a PhD was always to work eventually at the Fed, the IMF, the World Bank, or as a research economist in the private sector -- i.e., to do econ research, but not strictly as an academic. But some people I've talked to on the PhD track have told me that in order to be successful as a PhD student, I should really want to be a professor in the LR -- especially considering the 5-7 year-long commitment that is a PhD. Do any of the current PhD students on the forum have a perspective on this? Is anyone in a PhD program with similar goals in mind?
During and after my application process I thought a lot about what I would like to do after I finish my PhD. I realized that while I enjoy research and am good at it, I really do not want to be a professor. I would much rather employ the knowledge to contribute to real world problems, policy work etc. This is why IMF, WB, similar international institutions, think-tanks and some consultancy firms seem like a perfect fit for me. Now some people say that PhD is generally worth it only if someone wants to pursue academic career afterwards; that it is a bad fit/useless for someone wanting to work in policy-related job afterwards. And I see these comments quite often. Yet I see many, many people with PhD's in IMF, WB and other institutions. And usually at least half of senior staff in economic consultancies have PhD's too; the share of PhD's in serious economic policy think-tanks is even larger. While I admit that one can be successful in this field without a PhD, the degree seems like the more "standard" and easier way in. What do you guys think?
Hi everyone, I am trying to download time series data from the WB WDI data bank. However, when I download the data it is always cross country. I know that there is a way to make it time series, but cant remember how to do it. Please help me! If anyone goes to Columbia and knows how to access the data library through their Columbia account, please let me know.