Also IO and applied micro in general. Booth abf Harris are research places as well.
Chicago PhD admission
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Having such amazing faculty and one of the best business schools in Finance and Econ in the country just crossing the street and not being the best program in the world was counterintuitive. Chicago numba 1.
I respectfully disagree. Plus this whole "we will accept you but we are too lazy to do our work so please go to Booth because we don't want to work with you" is another a very bad omen.
Given a 39k stipend (including summer), would you recommend taking Chicago over all other offers?
No. The stipend could be 200k and I would still say that it does not dominate other offers. You are playing with your future here.
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Yale's stipend is roughly equal in real terms, and Yale's median placement is better than Chicago's, though Chicago has been placing higher on the high end recently.
Harvard BzEc is 40k nominal, but as a full fellowship: you keep whatever you make from teaching (if you choose to teach), so I'd argue that BizEc is still a better financial deal. Plus BizEc placement strictly dominates Chicago placement.
Moving away from financial issues, IT, Harvard Econ, and Stanford Econ also dominate Chicago in placement. Berkeley and Princeton have historically placed much better as well, but that gap may have closed a bit there. Overall, Chicago is still at the bottom of the top 5, but is pretty indisputably top 5
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I feel like comparing BzEc to Econ is apples and oranges
Yale's stipend is roughly equal in real terms, and Yale's median placement is better than Chicago's, though Chicago has been placing higher on the high end recently.
Harvard BzEc is 40k nominal, but as a full fellowship: you keep whatever you make from teaching (if you choose to teach), so I'd argue that BizEc is still a better financial deal. Plus BizEc placement strictly dominates Chicago placement.
Moving away from financial issues, IT, Harvard Econ, and Stanford Econ also dominate Chicago in placement. Berkeley and Princeton have historically placed much better as well, but that gap may have closed a bit there. Overall, Chicago is still at the bottom of the top 5, but is pretty indisputably top 5 -
They have different package for different people. This is how it works in Chicago.90% sure that's for Booth, not Chicago Econ.
I was admitted last year and got something in the mid-20's. Would be surprised if things changed by 10k in one year.Chicago's package this year is strong!
36k, not too shabby
36k! No way.
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Insider here.
Honestly, if you have any other option within the top 10 don't even think coming to UofC.The program here is much worse than others at top universities. The quality of the faculty is good, ok, but after the first 2 years you're left almost by yourself. Professors are hard to reach, when you do reach them they don't care much.
Sure there are some exceptions to this, but in general I think you'd be better off in a slightly less prestigious university with better Phd program.
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That's what I am afraid of. Have to wait to hear back from the other places, anyway.
Insider here.
Honestly, if you have any other option within the top 10 don't even think coming to UofC.
The program here is much worse than others at top universities. The quality of the faculty is good, ok, but after the first 2 years you're left almost by yourself. Professors are hard to reach, when you do reach them they don't care much.
Sure there are some exceptions to this, but in general I think you'd be better off in a slightly less prestigious university with better Phd program. -
Same as you. I applied for Joint PhD in Financial Economics through the Economics Dept. The economics dept came out with phd econ results last sunday quite clearly. But I dont know if there is any reason to hope that the decisions for the Joint degree requires thumbs up from two committees, and is hence not out yet. Would you say you consider yourself to be a competitive candidate, and hence, rejection from chicago is a big surprise?
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Same as you. I applied for Joint PhD in Financial Economics through the Economics Dept. The economics dept came out with phd econ results last sunday quite clearly. But I dont know if there is any reason to hope that the decisions for the Joint degree requires thumbs up from two committees, and is hence not out yet. Would you say you consider yourself to be a competitive candidate, and hence, rejection from chicago is a big surprise?
Given that admission results are a crapshoot these days, I'm not surprised with anything. I've seen people get rejected at T25 and get accepted with an amazing fellowship at T7, so letters and grades dont strictly predict the outcome. At this point I'm just going to wait and see what happens.
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Insider here.
Honestly, if you have any other option within the top 10 don't even think coming to UofC.
The program here is much worse than others at top universities. The quality of the faculty is good, ok, but after the first 2 years you're left almost by yourself. Professors are hard to reach, when you do reach them they don't care much.
Sure there are some exceptions to this, but in general I think you'd be better off in a slightly less prestigious university with better Phd program.Does this apply to Booth faculty too?
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Even a top 25 university is smart enough to try not to waste an offer on an applicant who has a fellowship at top 7.
Given that admission results are a crapshoot these days, I'm not surprised with anything. I've seen people get rejected at T25 and get accepted with an amazing fellowship at T7, so letters and grades dont strictly predict the outcome. At this point I'm just going to wait and see what happens.