【请教】金融经济phd和金融phd的差别，谢谢大家

lesliejy · 发表于 2007-5-26 03:15:00

以下是引用yls2006在2007-5-25 22:10:00的发言：
the point is a research position pays much less than i-bankers (i assumed LZ's target is the high-pay positions in investment banking division,
aka IBD)....

i can not agree with that. as you probably wrote in your thread itself, ibanks do have quant ph.d. positions, which, however, require job candidates to master (but not limited to) advanced stocahstic analysis AND C++/JAVA programming skills. normally a ph.d. in physics (mathematics, statistics, CS) degree fits the requirement better than a finance (financial economics) degree does. those positions are highly compensated and much much more competitive (in terms of getting an job offer) than a mba level associate position in M&A, IPO, PE, departments.

at my school, i know one guy (at DB) and one gal (at JPMorgan) secure ph.d. quant positions. nevertheless, both of them have had a ph.d. in mathematics before they get a second ph.d. in finance.

mathsgirl, if you like math and wanna be a quant, why dont you apply for a ph.d in math with concentration on financial mathematics? some U.S. schools have such a hybrid degree jointly supported by bschools and math departments. there are also such degrees in europe.

yls2006 · 发表于 2007-5-26 04:56:00

to LS:
the research position i referred to in that sentence is not quant-heavy. that's why i singled out quant position later in my threat.
they do have some positions that produce reports on the economic condition and the like. that's for PhD in econ/finance. an MBA can't do that, nor a PhD in physics. The head of them is titled "Chiefe Economist" or something, equivalent to managing director in IBD.
i agree that if someone wants to do quant in i-banks, a degree in financial mathematics is more helpful.
by the way, it's very true that it got more and more competitive to get into those quant-heavy positions. but do they pay more than IBD? i thought they were of the same salary level.

yls2006 · 发表于 2007-5-26 05:26:00

oh... i forgot to mention that bonuses account for quite a trunk of total compensation in IBD. salary-wise it is about the same as assistant professor in finance in a research university. it's the bonus that set them apart.
seems money matters...

lesliejy · 发表于 2007-5-26 13:43:00

以下是引用yls2006在2007-5-26 4:56:00的发言：
to LS:
the research position i referred to in that sentence is not quant-heavy. that's why i singled out quant position later in my threat.
they do have some positions that produce reports on the economic condition and the like. that's for PhD in econ/finance. an MBA can't do that, nor a PhD in physics. The head of them is titled "Chiefe Economist" or something, equivalent to managing director in IBD.

yes, you are right. i am sorry that i get you wrong.

i am surprised that a MBA graduate could earn as much money as a phd quant. do you mean the mean salary or median? maybe we should consider stochastic dominance or mean preserving spread because distribution matters. ok, this is just for fun.

【请教】金融经济phd和金融phd的差别，谢谢大家

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