Which is the best European school for research? Tilburg, LBS, Erasmus?
Official Marketing JM 2020 Thread
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Which is the best European school for research? Tilburg, LBS, Erasmus?
There are few marketing quant researchers, mostly scattered through different schools: (LBS, Tiburg, Erasmus, Mannhein, Gronningen, Hamburg, UC3M,... probably Tilburg has the largest group). In CB, there are more places.
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Why would anyone choose to work in an Econ department office they got a marketing offer? The B School is a better deal.
Cause econ papers are more regirous and make more sense？
You can still publish “regirous” Econ papers in Econ journals if your placement is in a B-School. But you’ll make $100K more each year in the B-School while you do the same work. So, correct me if I’m wrong, isn’t the most economically rational decision to take the money and work at the B-school instead of an Econ department?
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Why would anyone choose to work in an Econ department office they got a marketing offer? The B School is a better deal.
Cause econ papers are more regirous and make more sense？
You can still publish “regirous” Econ papers in Econ journals if your placement is in a B-School. But you’ll make $100K more each year in the B-School while you do the same work. So, correct me if I’m wrong, isn’t the most economically rational decision to take the money and work at the B-school instead of an Econ department?
1. Economists' starting salaries may be not glorious. But as they become more senior, many make a lot more than marketing profs. If you are a well-producing economist at MIT or Harvard in the Econ Dept, you are making about 600K+ just in salary, excluding consulting dollars and many grants open to you. No one in marketing at Chicago or Stanford makes a million dollar in salary. Perhaps VK, but he has to bring a lot of companies to school to make that salary and get his cut.
2. Also true in business schools comparing more senior economists vs. marketing people. Example: compare Miguel at $315K (30+ years as a professor, highest positions in marketing) to Ulrike Malmandier at $484K, she is much younger.
http://projects.dailycal.org/paychecker/person/j-villas-boas/
http://projects.dailycal.org/paychecker/person/ulrike-malmendier/Many similar examples. Economists eventually make more. If you are forward-looking, there is a difference. So don't go boasting "we make $100K more!" That gap closes pretty fast.
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You are bad at arguments. And I shudder at the thought of reading one of your papers. But, because I’m bored and I was late to spin class I’ll play...
1. You are comparing the small handful of Econ professors at 2 schools to the whole of marketing. On average marketing professor make more money than Econ professors across their entire career. The demand is higher than the supply. That makes sense to you right?
There are only 120ish Business school phd programs. There are 3000ish B Schools. This is a huge part of the reasons that salaries are higher.
2. Using UM at Cal is a perfect illustration of my point. Her salary is coming from the B School (Finance) not the Econ department. Your link shows us this because her assistant Professor salary was 200k+.
3. An AP offer for an Econ department is gonna put you around 80ish. The average for a rookie marketing professor is 135 plus an expectation of summer support. Average phds from average b school phd programs are making 150k a year. Average phds from average Econ phd programs don’t have academic jobs.
(Hyperbole but not really).4. Money is not the only thing. There are greater research supports in a B School. I do not have to write grants to fund my research. Coming from a psych background this is a godsend.
5. Also, our conferences are more fun. ACR had a flipping dolphin show and a party inside an aquarium! And next October it’s in París.
But take this all with a grain of salt. I’m just an average academic. At an average place. With an average CV. And I drive my average Tesla to my average lake house on an average weekend.
Why would anyone choose to work in an Econ department office they got a marketing offer? The B School is a better deal.
Cause econ papers are more regirous and make more sense？
You can still publish “regirous” Econ papers in Econ journals if your placement is in a B-School. But you’ll make $100K more each year in the B-School while you do the same work. So, correct me if I’m wrong, isn’t the most economically rational decision to take the money and work at the B-school instead of an Econ department?
1. Economists' starting salaries may be not glorious. But as they become more senior, many make a lot more than marketing profs. If you are a well-producing economist at MIT or Harvard in the Econ Dept, you are making about 600K+ just in salary, excluding consulting dollars and many grants open to you. No one in marketing at Chicago or Stanford makes a million dollar in salary. Perhaps VK, but he has to bring a lot of companies to school to make that salary and get his cut.
2. Also true in business schools comparing more senior economists vs. marketing people. Example: compare Miguel at $315K (30+ years as a professor, highest positions in marketing) to Ulrike Malmandier at $484K, she is much younger.
http://projects.dailycal.org/paychecker/person/j-villas-boas/
http://projects.dailycal.org/paychecker/person/ulrike-malmendier/
Many similar examples. Economists eventually make more. If you are forward-looking, there is a difference. So don't go boasting "we make $100K more!" That gap closes pretty fast. -
Neither is good. BU quant: Shuba? Maybe Monic Sun, but theory person. So maybe more than Georgetown I terms of numbers.
Georgetown seems more a teaching oriented place with no quant people. BU seems uprising in research in recent years especially in CB side.
Which group is higher ranked BU or Georgetown?
On the quant side, BU is clearly stronger than Georgetown.
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Er... no. Simon Blanchard is super-productive (although not classic quant), and Tatiana Dyachenko is a very good Bayesian modeler. And some of their CB people are exceptional researchers, like Hamilton.
Georgetown seems more a teaching oriented place with no quant people. BU seems uprising in research in recent years especially in CB side.
Which group is higher ranked BU or Georgetown?
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You had me at dolphin show. But I'm glad I stayed for the lake house.
You are bad at arguments. And I shudder at the thought of reading one of your papers. But, because I’m bored and I was late to spin class I’ll play...
1. You are comparing the small handful of Econ professors at 2 schools to the whole of marketing. On average marketing professor make more money than Econ professors across their entire career. The demand is higher than the supply. That makes sense to you right?
There are only 120ish Business school phd programs. There are 3000ish B Schools. This is a huge part of the reasons that salaries are higher.
2. Using UM at Cal is a perfect illustration of my point. Her salary is coming from the B School (Finance) not the Econ department. Your link shows us this because her assistant Professor salary was 200k+.
3. An AP offer for an Econ department is gonna put you around 80ish. The average for a rookie marketing professor is 135 plus an expectation of summer support. Average phds from average b school phd programs are making 150k a year. Average phds from average Econ phd programs don’t have academic jobs.
(Hyperbole but not really).
4. Money is not the only thing. There are greater research supports in a B School. I do not have to write grants to fund my research. Coming from a psych background this is a godsend.
5. Also, our conferences are more fun. ACR had a flipping dolphin show and a party inside an aquarium! And next October it’s in París.
But take this all with a grain of salt. I’m just an average academic. At an average place. With an average CV. And I drive my average Tesla to my average lake house on an average weekend. -
You had me at dolphin show. But I'm glad I stayed for the lake house.
You are bad at arguments. And I shudder at the thought of reading one of your papers. But, because I’m bored and I was late to spin class I’ll play...
1. You are comparing the small handful of Econ professors at 2 schools to the whole of marketing. On average marketing professor make more money than Econ professors across their entire career. The demand is higher than the supply. That makes sense to you right?
There are only 120ish Business school phd programs. There are 3000ish B Schools. This is a huge part of the reasons that salaries are higher.
2. Using UM at Cal is a perfect illustration of my point. Her salary is coming from the B School (Finance) not the Econ department. Your link shows us this because her assistant Professor salary was 200k+.
3. An AP offer for an Econ department is gonna put you around 80ish. The average for a rookie marketing professor is 135 plus an expectation of summer support. Average phds from average b school phd programs are making 150k a year. Average phds from average Econ phd programs don’t have academic jobs.
(Hyperbole but not really).
4. Money is not the only thing. There are greater research supports in a B School. I do not have to write grants to fund my research. Coming from a psych background this is a godsend.
5. Also, our conferences are more fun. ACR had a flipping dolphin show and a party inside an aquarium! And next October it’s in París.
But take this all with a grain of salt. I’m just an average academic. At an average place. With an average CV. And I drive my average Tesla to my average lake house on an average weekend.Drives to lake house in Tesla while trying to respond to students on ejmr
Sounds like you got it ALL