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Gecco

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killamanjaro Wrote:
-------------------------------------------------------
> StealthPlanner Wrote:
> --------------------------------------------------
> -----
> >In many cases,
> > outside of academia and heavy research, having
> a
> > doctorate can keep you from even getting an
> > interview.
>
>
> Just read an article from AFP (Association for
> Financial Professionals) in regards to having a
> lucrative career in finance (compensation packages
> of 600,000+). Number one was having an advanced
> degree in finance, preferably a PhD in finance, a
> Masters in financial engineering or quantitative
> finance, or an MBA with a concentration in
> finance. The MBA, even from a top-ten university,
> being listed last. What keeps you from getting an
> interview is a Masters or Doctorate in Literature,
> Physics, or Political Science.

I am not sure what jobs in finance you are talking about. Phd is very academic - and is most certainly not a ticket to a 600k career. IB is the "finance" track to get to the big #s and top 10 MBA is the best way to access that path.

phds can find some quant jobs and some hedge fund opportunities but the fit has to be perfect.

I agree that a phd can be perceived as highly academic and specialized and will not win interviews unless their is a specific request for phds.
 
"Risk Manager Skill Set" by Michael Woodrow, President, Risk Talent Associates LLC

From AFP Exchange, June 2006


The article doesn't contradict what you say in regards to IB being beneficial, also it doesn't take away from the notion that a top MBA program is a rewarding pursuit. It does state that the candidates for these top positions (Senior Risk Manager, Chief Risk Officer) are lacking, whether its academically because the assumption is MBA and MBA only, experience-wise, communicatively or strategically. But if you'd like, I can copy the article, scan it, and then email it to you if you don't trust my reading and comprehension abilities. Also, try performing a jobsearch on monster, hotjobs or financecareer.
 
http://www.quantfinancejobs.com/jobdetails.asp?dbid=&guid=&JobID=1587

250K to 600K

http://www.quantfinancejobs.com/jobdetails.asp?dbid=&guid=&JobID=1578

300K to 400K

http://www.quantfinancejobs.com/jobdetails.asp?dbid=&guid=&JobID=1575

600K



Maybe I'm only looking at quant jobs but they do seem to pay pretty well.
 
if you are getting a Phd with the assumption that you will make 400-600k upon graduation, you are going to be sorely disappointed - no matter what internet websites tell you.
 
I never said that.

You said "Phd is very academic - and is most certainly not a ticket to a 600k career."

None of the sites I posted said "this is your salary upon completion of your PhD". I'm just illustrating that from what I've seen and heard that a PhD does seem to be a ticket to a 600k career.
 
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