Fed: 300k after 4 years, 10 hrs/week, no tenure pressure, cool job, lay respect, and amazing exit options in industry.
Academia: 150-200k, 100 hrs/week pre-tenure (10 years these days), immense stress, entitled undergrads, on average worse outside options, but you "don't have a boss." LOL
grading assignments? lol...
Fed anyday. You forgot about the 6 days/month, 3 years telework no questions asked, and option to relocate with your spouse to any city in the world and be remote full-time.
Academia is for proles with no social skills. Good luck grading assignments.
grading assignments? lol...
Fed anyday. You forgot about the 6 days/month, 3 years telework no questions asked, and option to relocate with your spouse to any city in the world and be remote full-time.
Academia is for proles with no social skills. Good luck grading assignments.
Yes, are you in school? You have to see the raw scores sent by the TAs, set the curve, and then answer 100 emails about the test being too hard.
fed is also better than 99% of industry jobs. reasonably good pay, good location, great wlb, cannot be fired, interesting work.
Better than almost all industry jobs, maybe except the top notch AI/research departments at Google, FB etc. But there you can get pretty easily fired (e.g., see the VR ust at FB recently. Many teams shut down.).
Thats a tiny portion of the job, little guy.
grading assignments? lol...Fed anyday. You forgot about the 6 days/month, 3 years telework no questions asked, and option to relocate with your spouse to any city in the world and be remote full-time.
Academia is for proles with no social skills. Good luck grading assignments.
Yes, are you in school? You have to see the raw scores sent by the TAs, set the curve, and then answer 100 emails about the test being too hard.
Most Fed economists are exceptionally good. The variation at the Board is somewhat higher. Many regional Feds don’t even hire fresh PhDs, so I don’t know where your after 4 years figure comes from. Check out research records at top Feds like Minneapolis, Chicago, St Louis, San Francisco, …
Fed: 300k after 4 years, 10 hrs/week, no tenure pressure, cool job, lay respect, and amazing exit options in industry.
Academia: 150-200k, 100 hrs/week pre-tenure (10 years these days), immense stress, entitled undergrads, on average worse outside options, but you "don't have a boss." LOL
Looks like someone couldn't get into academia LoL
Also, Feds (especially low ranked ones) are for chatterbox people. They will just talk and talk (also with a loud voice to assert dominance) even when they know little about what they are talking about. If you are a bit soft spoken (or female) you will have a hard time. Academia is better if you don’t want to worry about short term impressions and can establish an image over the long term
I don't buy 300k after 4 years.
I agree that initially Fed is a much sweeter gig due to low stress. However, conditional on tenure, I think it is more restrictive.
A tenured professor can afford to show up only on teaching and seminar days, and so whatever he or she wants otherwise.
I know the Feds were much more stringent regarding coming to the office regularly before the pandemic. I know it has changed, but has it changed enough that it dominates a tenured faculty position?
Also, Feds (especially low ranked ones) are for chatterbox people. They will just talk and talk (also with a loud voice to assert dominance) even when they know little about what they are talking about. If you are a bit soft spoken (or female) you will have a hard time. Academia is better if you don’t want to worry about short term impressions and can establish an image over the long term
"Academia is better if you don’t want to worry about short term impressions and can establish an image over the long term". Ljl. Academic economists are the most quick to judge people. One stupid remark in front of important people, and you are doomed for life
Of course, you think twice before saying stupid things in front of a crowd. My point is, at the Fed, how you say something matters more than what you say. I heard lots of nonsense from some Fed economists, especially loud, talkative males who think they are smart but talk nonsense. Overly confident but poor economists who insist on the wrong thing even if you correct them
Also, Feds (especially low ranked ones) are for chatterbox people. They will just talk and talk (also with a loud voice to assert dominance) even when they know little about what they are talking about. If you are a bit soft spoken (or female) you will have a hard time. Academia is better if you don’t want to worry about short term impressions and can establish an image over the long term"Academia is better if you don’t want to worry about short term impressions and can establish an image over the long term". Ljl. Academic economists are the most quick to judge people. One stupid remark in front of important people, and you are doomed for life
Insider here. 300k in 4 years is outright wrong. Maybe something like 240 in 4 years.
"and option to relocate with your spouse to any city in the world and be remote full-time." - this is also wrong. You CANNOT be remote full-time. You have to show up 6 days a month and it is unlikely the FRB, at least, will switch to a full remote position. With 6 days you can still live somewhere else if you're up for the monthly commute to DC.
Life at the Board << Tenured professor (in decent location). As your career progresses at the Board, your policy load will increase. In terms of research, there is a lot of variation. Some economists are just not motivated enough to try to publish in good journals. Others are, and they do well.