- UID
- 260440
- 在线时间
- 小时
- 注册时间
- 2007-8-1
- 最后登录
- 1970-1-1
- 主题
- 帖子
- 性别
- 保密
|
发表于 2014-7-29 00:32:22
|
显示全部楼层
I think first of all, you need to let him/her know about what is Finance research. In general Finance is a sub-field of Economics, which needs very sophisticated maths and statistics. Research in Finance could be very boring and tedious, and the current job market for Finance is not as good as you can imagine(Don't think that if you got a Finance PhD you can make tons of money, that is not really true...)
If he/she really likes Finance research, then the next question is how to get into a good program. I think the most important thing is to find a "suitable" school, where you can actually find someone to work with and the faculty there are willing to help you out. So don't focus too much attention on "top 10" or "top 20", if he/she is smart and hard-working, the future would be good, don't worry too much about the ranking of programs.
If you want to get into a Econ program and then do Finance, you have to get into "top 20", what I said above is for Finance PhD programs, for which rankings are not so important. But there are so many ECON people, so you have to graduate from a top ECON program to get a Business School job. Remember that ECON does not belong to STEM, which means it is not really easy to get greencard and usually there are not many industry-related jobs in US. So doing a ECON PhD is primarily an interest-driven decision.
Hope that helps! The last thing I suggest is, he/she should do something related to Empirical Finance, not for theoretical asset pricing. |
|