Thursday, December 30, 2010

The Economist - Christmas Issue - Lucky to be in Business School

One of my favorite past-times during the Holidays season is to read the Christmas issue of The Economist. There are lots of "not-so-serious" articles on a wide range of topics that makes for an excellent reading.

In the next three posts I'll talk a bit about three of them that drew my attention.

It must be really difficult to finish your PhD in Literature and have no place that would have paid you no more than 40k USD / year anyway. Not mention the fact that currently it takes about 7-8 years to get a PhD in those fields. A newly minted Finance PhD in the US gets around 170-220k / year. European salaries are much lower than that (apart from LBS and INSEAD) but still much better than what a humanities PhD would get.

I've been very lucky to be in a field where PhDs are highly paid (thank you Wall Street and the City for raising our outside option value) and that it is something that I love. At least in my case, the expectations I formed over the five years seemed close to what I ended up getting.

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