Say someone with 7-8 years of experience and a decent publication record ( 1 top 5 and 4 top fields).
How much is the average bonus I should expect?
planning to quit academia...
Fed Senior economist salary?
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I would say depends a lot. If the top 5 was 6 year ago in a paper with famous co authors and the guy didn't publish anything after, then it is hard.
But if it was like a recent paper in an agenda he is actively contributing and have a nice pipeline. Then I think he may have good chances.
There is also another thing. People \say top 5. But we all know that if by top 5 he mean Econometrica it is something different than say QJE coming from a former MIT student or JPE coming from a former Chicago student.
I am thinking in feds in the northeast and DC. Chicago may work too.
Good thinking, because your resume may be too weak for some of the others.
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Good points. Same as for tenure and promotion decisions. Not all top 5 were created equal.
I would say depends a lot. If the top 5 was 6 year ago in a paper with famous co authors and the guy didn't publish anything after, then it is hard.
But if it was like a recent paper in an agenda he is actively contributing and have a nice pipeline. Then I think he may have good chances.
There is also another thing. People \say top 5. But we all know that if by top 5 he mean Econometrica it is something different than say QJE coming from a former MIT student or JPE coming from a former Chicago student.I am thinking in feds in the northeast and DC. Chicago may work too.
Good thinking, because your resume may be too weak for some of the others.
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At a place like the Board, Boston Fed, Richmond, NY Fed, 180-220k would be reasonable for a CV like that (bonus is stable at 3-5%, so it is more useful to talk about the all-in salary). For stars or very senior positions in Feds, 300k+ is not unheard of. Chicago, Philly, and Minneapolis are the toughest to get a job at (and therefore pay better). NY and Board are very policy oriented, so they are perfect if you want to slow down on research.
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Following this comment. Cases like Buera, Perri, Amador, etc. come to my mind. They got tenure at top15 departments but decided to move to the fed. Considering that UCLA and Minnesota pay more than 250k to their senior faculty (public info), then I guess they make around that or more.
At a place like the Board, Boston Fed, Richmond, NY Fed, 180-220k would be reasonable for a CV like that (bonus is stable at 3-5%, so it is more useful to talk about the all-in salary). For stars or very senior positions in Feds, 300k+ is not unheard of. Chicago, Philly, and Minneapolis are the toughest to get a job at (and therefore pay better). NY and Board are very policy oriented, so they are perfect if you want to slow down on research.
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Chicago harder to get a job at than NY? Are you kidding? NY is the most research oriented fed out of the entire system.
Fed senior economist is around 200k base in NY. Bonus depends on how much policy work you've done
At a place like the Board, Boston Fed, Richmond, NY Fed, 180-220k would be reasonable for a CV like that (bonus is stable at 3-5%, so it is more useful to talk about the all-in salary). For stars or very senior positions in Feds, 300k+ is not unheard of. Chicago, Philly, and Minneapolis are the toughest to get a job at (and therefore pay better). NY and Board are very policy oriented, so they are perfect if you want to slow down on research.
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Chicago is definitely harder if Buera is the bar; the same for St Louis
Chicago harder to get a job at than NY? Are you kidding? NY is the most research oriented fed out of the entire system.
Fed senior economist is around 200k base in NY. Bonus depends on how much policy work you've doneAt a place like the Board, Boston Fed, Richmond, NY Fed, 180-220k would be reasonable for a CV like that (bonus is stable at 3-5%, so it is more useful to talk about the all-in salary). For stars or very senior positions in Feds, 300k+ is not unheard of. Chicago, Philly, and Minneapolis are the toughest to get a job at (and therefore pay better). NY and Board are very policy oriented, so they are perfect if you want to slow down on research.
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Chicago harder to get a job at than NY? Are you kidding? NY is the most research oriented fed out of the entire system.
Fed senior economist is around 200k base in NY. Bonus depends on how much policy work you've doneAt a place like the Board, Boston Fed, Richmond, NY Fed, 180-220k would be reasonable for a CV like that (bonus is stable at 3-5%, so it is more useful to talk about the all-in salary). For stars or very senior positions in Feds, 300k+ is not unheard of. Chicago, Philly, and Minneapolis are the toughest to get a job at (and therefore pay better). NY and Board are very policy oriented, so they are perfect if you want to slow down on research.
You don't know what you are talking about. McAndrews does not care about research. Top economists just left NY Fed because of the poor research environment. Chicago or Minneapolis are much better in terms of research.