Posted by
Alabama Fan
Member since Sep 2011
3695 posts

Does anyone here have a Ph.D. in Econ? If so,
where did you get it?
would you recommend it?
what do you do with it?
why shouldnt i do it?

Clemson Fan
The Welsh red light district
Member since Jul 2008
18384 posts

re: Does anyone here have a Ph.D. in Econ? If so,

why shouldnt i do it?

Why do you want one? What is your plan for it?

I didn't get mine, but I worked in economic research with a boatload of PhD's.

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South of I-10 till I die
Member since Jun 2008
42622 posts

re: Does anyone here have a Ph.D. in Econ? If so,
I took PhD classes for 1 semester in Finance before switching to just as MS degree. I will say, getting a PhD is a lot of work, but it is very rewarding. Speaking with PhD's is something I still appreciate. The amount of knowledge you acquire in your research and studies is really impressive.

If you really love Economics then I'd say go for it. If you don't love it, then no way. Too much work. My problem was I didn't have a good enough math background to really appreciate the program.

**Math for economist was harder than all my other classes I took in my 6 years of school combined. That being said the prereq's were Calc 1-3 and I never had taken a single calc class (outside business calc).
This post was edited on 11/29 at 10:45 am

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Washington DC metro
Member since Mar 2008
36648 posts

re: Does anyone here have a Ph.D. in Econ? If so,
I was an ABD in Finance and took several of the Econ Ph.D. classes. Your math should, of course, be in excellent shape.

As others have said, it depends on what you want to do. Your choice of school also depends on what you want to do. Read the bios of the faculty and get a sense of what areas of Econ they specialize in. Ideally, you should have an idea of who you want your major professor to be before you accept an offer.

I thought it was interesting and very educational, not only about the field itself but also statistics and how to do (and not do) research. It is very hard to succeed as a researcher if you are cautious, you have to be aggressive in confidently selling your ideas. Often just aggressively pushing the idea that you know what you're talking about is enough, and there are plenty out there who do that. Many of them in fact are mistaken, but good luck telling them that. I have seen professors who devoted their lives believing in an idea that was ultimately incorrect.

That said, you don't have to be a researcher although most institutions will expect you to at pretend that's your goal. Depending on your specialization you can maybe go work on Wall Street, the World Bank, etc.

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