I am studying in PhD program of Electrical engineering in University of Maryland, College Park right now. However, I don’t like my current major very much and I am seeking for the opportunity to transfer to a finance PhD (or PhD in related area). I know the difficulty to apply such a program, but I still want to try my luck this year. Since I have a not bad program to stay in, failure of application will not hurt me badly. Therefore I want to try some high ranking ones. My basic background is: *BS: Peking University, School of Physics. GPA 3.80, a journal paper in physics (physical letters A) and a conference paper in finance, but it was just a trivial one- 2007 China conference in finance. Also my undergraduate thesis was about asset pricing but it’s not published. *Graduate study: University of Maryland, EE. I have only stayed here for one semester so I think maybe it’s not long enough. I think I can get A for all there courses I took this semester. *Test scores: GRE 620+800+5.0; GMAT 710+5.5. I plan to take TOEFL IBT in January. *Recommendation: Two Chinese faculty members who co-advised my undergraduate thesis. One US professor who taught me partial differential equation this semester. *Course study: I took some math, economics and finance courses both in China and in US: calculus, linear algebra, some complex analysis and partial differential equation, probability and statistics, macro and micro economics, econometrics, financial mathematics and derivative securities. Also I took partial differential equation at graduate level here in Maryland. I did quite well (more than 90/100) for nearly all of them. I know maybe it will be better for me to apply after getting a Master’s degree. However, my current program is quite reluctant to give PhD students Master (I can only receive it after passing the proposal exam, which usually takes four years). So most probably I will apply without graduate degree no matter when I apply. I want to know whether this hurts me badly in application. I really appreciate any kind of suggestion.
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