What about finance programs ? Possible in 5 years ?
Anything is possible. But I don't know anybody who hasn't done it in 6.
I see many JMCs from Wharton LBS etc who entered at 2012?
Part of the problem is international students, who are here on student visas, and they don't want to go home. So they take 6 instead of 5, or 7 instead of 6, whatever.
UT Major Grievance thread reminder. 9th year Chinabro student tried his best to stay on for his 10th year.
HaHa. Good reminder. exactly.
An extra year in the PhD has huge opportunity costs. You should start in the program aiming to be done in five years. Think a six figure salary and not being a slave for another year, not to mention issues with funding. It's only worth it when your JMP isn't ready or if you're likely to get some publications that will make your portfolio much stronger on the job maker and get you closer to tenure. So yes, advisers agree to that if they think you're ready and unlikely to get pubs over the next year.
Unless you have a reason to finish early or you are just too ready for the market, never take less than 6.
I actually have higher respect for people who manage to finish in 5 and get placed.
I disagree. Placement is mostly about where you got your Ph.D., who your advisor is, and what he thinks about you. Also your race and sex are important, as is your field. Only one of these things can change in a year -- your advisor's opinion of you, but it isn't easy. It's debatable how much your JMP matters, and while 12 months can help you get a better pub it isn't easy to guarantee a pub in that time frame and in any case it won't help as much as you think.