finance PhD选校建议

Tripleg

To recap the other responses with a little variance, placement-wise Oklahoma, Missouri, and FSU are at least one tier above USF and Drexel. FSU is kind of unsung and underrated in this forum. Although it is included in Tier 4 in the Placement Rankings, it rightfully belongs to the upper bracket of the tier or even the lower bracket of Tier 3. For Fin (and probably some of the other concentrations), both Oklahoma and FSU outshine Missouri. The choice among USF and Drexel should be made by weighing, among other things, curriculum, faculty support availability, funding, teaching load, and geographical location. I would give most serious consideration to USF. By the way, Drexel is often singled out as a classical case in which performance of the PhD program is glaringly incompatible with faculty research reputation.

Tripleg

                                                                                                                                          
Missouri vis-à-vis Oklahoma and FSU

Prompted by the chat here on Missouri vis-à-vis Oklahoma and Florida State, I could not help spending a few minutes perusing the school’s placement information for the Fin concentration. I was able to identify two errors (Missouri is not alone in having inaccurate or erroneous placement information, and the more lower-ranking a school is, the more pronounced the problem tends to be). The 2021 graduate (name omitted for privacy consideration, the same below) was initially placed at Northeastern as a visiting AP (currently at a seemingly ‘balanced’ school). The 2018 graduate was initially placed at Tulane as a visiting AP (currently at a teaching school). Note that both Northeastern and Tulane have a ‘notoriety’ for having hired a large number of visiting APs over the years. In addition, while the 2020 graduate is at UC Colorado Springs, which is an R2 institution, its business school is heavily teaching-focused and thus is a balanced school as a matter of fact. Also, the 2017 graduate is currently with Univ. of Northern Arizona, which is a typical teaching school, although his initial placement was Tulsa (an R2 institution with a balanced business school). Therefore, in a strict sense, of the Missouri Fin graduates since 2017, only one is currently with a research school, namely Miami University (in OH). Although being an R2 institution, Miami is a liberal arts college in disguise, that is, distinguished by a strong emphasis on teaching (the school is virtually absent from all research rankings of universities). In the final analysis, for the Fin domain Oklahoma and Florida State outperform Missouri to a large extent.

I also looked into Missouri’s placements in other concentrations, and similar errors caught my eyes. For Management, the 2018 graduate is currently at Eastern CT State, not UIUC or any of its satellite campuses as reported. For Marketing, the 2023 graduate is recorded as being initially placed at Univ of Southern California. This is undoubtedly an error – egregious in nature. The Management and Marketing concentrations are similar to Fin, with the former having one research school placement (Kansas State) and the latter two or three (e.g., Kentucky). However, Missouri deserves kudos for Accounting placements, most of which are research schools (e.g., ASU and Temple).

While I only took a cursory look at Oklahoma and FSU's non-Fin placements, I can safely claim that they are as good as those at Missouri. For instance, to my amazement, one FSU accounting graduate is currently an AP at UCLA Anderson School of Managament. To conclude, Oklahoma and FSU trump Missouri. Of the former, FSU seems to be slightly better than Oklahoma --an assertion backed by incomplete information as neither school publishes complete placements.

Finally, to address the queries posed above, Oklahoma allegedly has a relatively high rate of attrition given the low number of currently matriculated students despite annual intake being said to be up to five. The concern about the funding for the 5th year and beyond at FSU (or any other full-time program) is unwarranted in the majority of cases. The school ensures that it is covered by teaching and other avenues as long as one progresses satisfactorily toward the degree.

Tripleg

By the way, with respect to placements, USF is two tiers below FSU.

Tripleg

juvsk 发表于 2024-2-12 16:27
对于fin来讲，好像并不是吧，不管是排名publish还是placement来讲最近都没有看到fsu比usf高这么多啊 ...

I had made the claim based on preconceptions rather than facts. I now took a deeper look at USF, and indeed it is not that far behind FSU at all for FIN or other concentrations. As for research, the two schools are basically on par.

Tripleg

raccoon_paw 发表于 2024-2-13 00:27
balance一般是新AP 2-2/2-3 teaching load 的学校，9个月工资大概在15-20W这个区间，属于tier3的学生比较 ...

For most typical teaching schools, compensation packages concentrate in the $100K-$120K range (it is not uncommon that some are below the $100K threshold). This is consistent with those of the several APs I know who are at teaching schools. Usually, only some balanced schools offer packages up to $150K.

Tripleg

raccoon_paw 发表于 2024-2-13 03:16
都懒得和你争这个，你觉得是就是吧，可能你的信息茧房里就这个salary。我面过的一堆balance schools没有 ...

I was talking about compensations at teaching schools. Nonetheless, I ended that comment by mentioning that some balanced schools could extend offers reaching $150K, which are consistent with those that you have received. But I know I am not quite up-to-date with the market.

By the way, as an example illustrating the pay conditions at teaching (and 'balanced') schools, a person I know started at East Tennessee State in 2021 with a starting pay around $105K (base pay, of course, supplemented with some benefits). While the business school of ETS may be considered as balanced, ETS itself is classified as an R2 institution (with quite a few PhD programs offered).  

Tripleg

zuoyz 发表于 2024-2-13 04:32
umass一般有面试就意味着进入wait list了

Rumor has it that the UMASS program is nicknamed "teacher training program". Those who have applied to it but aspire for a research career should take heed of that.