usavinci Posted September 27, 2012 Share Posted September 27, 2012 I recently talked to my professor about the cost and benefit of getting Economics Ph.D. To my surprise, the professor said going to graduate school for Ph.D is risky: the candidate has to work extremely hard but earned very little salary for 5 years. After that, hopefully he can become a assistant professor at a university. Then, work harder to teach students while do research and publish papers. After about 7-10 years, hopefully you can get tenured. After tenure, life basically becomes easy. While compared to work in industries where people can earn a decent salary in the beginning, tenure cannot come if any stages brake. (For example, if you don't get a good evaluation from college students, you might be kicked out. The research you did before that, say 3-year research, is completely useless. You have to start new researches in order to get tenured in another school) I am wondering what are your motivation of pursuing Ph.D. in economics. I mean, interest is definitely one of the motivations, but thinking about this, I am kind of scared. What else motivates you? Link to comment Share on other sites More sharing options...
TheFez Posted October 3, 2012 Share Posted October 3, 2012 1. If you want to go into academia then you must have a PhD 2. If you don't then it's probably not useful. 3. You should have a very strong desire to do research and to be an academic. At many schools that means also teaching. That's it. usavinci 1 Link to comment Share on other sites More sharing options...
TheFez Posted January 3, 2013 Share Posted January 3, 2013 Oh, and then of course there's the girls. ForbiddenDonut and Edugy 2 Link to comment Share on other sites More sharing options...
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