Jump to content

UNC Finance vs. UPenn Statistics


Recommended Posts

So I've been accepted as mentioned above, UNC Finance PhD program with limited funding and UPenn Statistics PhD program with full funding. Both are pretty strong programs with awesome faculty. I've talked to graduate students from both programs and they are all very satisfied with their experience.

Breakdown of the offers-


- in the Wharton school of Business; large faculty but small number of graduate students, faculty consists of both bayesians and frequentists

- large city environment

- statistics phd gives you alot of options later in life but can be somewhat difficult to find a faculty position

- tends to be more mathematically intense than Finance

- full financial support


- in Chapel Hill; small-ish faculty and small number of graduate students, faculty mainly focused on corporate finance but also has some new asset pricing people

- small college town environment (also, i've been in NC for the last 12 years)

- it's easy (relatively) to find a faculty position with a finance phd because there is such a limited number of them, also UNC does a great job with career placement

- I lean towards more quantitative interests so some of the more macro-econ based courses tend to be less interesting

- partial financial support for first 2 years, with full financial support contingent on passing qualifiers

Please help with any insights you may have. I've been turning this decision over and over in my head for a while now.

Link to comment
Share on other sites

Statistics is a very flexible degree, I'd also disagree that it's hard to get faculty positions in statistics. I don't know relative to finance faculty positions but the statistics departments I am familiar with all recruited for multiple positions this year and last. With a stat PhD, depending on your dissertation and focus you can apply to a variety of departments, not just stat. Only my 2 cents!

PS-I'd go with Penn personally if I was indifferent topic wise.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...

Important Information

This website uses cookies to ensure you get the best experience on our website. See our Privacy Policy and Terms of Use