You need long term commitments to research, as least you should show the decision maker that you have such one when you apply a doctoral study. It is fine that you work in the industry rather than the academic after you get PhD in finance. However, dont state it explicitly in the p/s. Besides, working in the industry or academic is a kind of inverstment decision of your human capital. In GENERAL, working in the industry is "risky" but with relatively higher "return". Academic job provides you almost "risk-free" opportunity, of course, less "return". (I dont rule out the probablity that some professors earn vastly more than the guys, working 7/24, in inverstment banks.) Back to general case, it does really depend on your risk-aversion. Hope you can make a wise inverstment decison, not immedietaly but in four or five years. |