Which one is considered better placement for someone who does empirical asset prices?
SEC DERA vs. Fed
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serious question, sorry if i sound clueless. but if you go to the Fed or dera, do you have any publishing expectations? what's the point of trying to publish, unless you're trying to go to academia afterwards?
For the SEC, the incentive is low. It can get you promoted from SK14 to SK16, which is a pay raise. But not that much. If you go to the SEC, just do your policy work and forget about publishing or academia. Enjoy the work life balance.
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FROM A RESEARCH/PRESTIGE STANDPOINT:
The SEC job will divert your attention away from research, while the FED job will give you more latitude to pursue publishable projects.
If we're being objective, most people who get EITHER job will let their research agenda die there and never come back to academia. Still, better than failing tenure at a 3A R1 school and moving to a balance school.
FROM A SALARY STANDPOINT:
SEC: https://www.sec.gov/ohr/sec-compensation (starting at SK-14 with a finance PhD)
FED: https://www.federalreserve.gov/careers-salary.htm (starting between 160-200k with a finance PhD)
SEC is better, solely due to their "locality pay" adjustment (because you are probably working in DC). You also have decent job security at both places.
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serious question, sorry if i sound clueless. but if you go to the Fed or dera, do you have any publishing expectations? what's the point of trying to publish, unless you're trying to go to academia afterwards?
For the SEC, the incentive is low. It can get you promoted from SK14 to SK16, which is a pay raise. But not that much. If you go to the SEC, just do your policy work and forget about publishing or academia. Enjoy the work life balance.
serious question, sorry if i sound clueless. but if you go to the Fed or dera, do you have any publishing expectations? what's the point of trying to publish, unless you're trying to go to academia afterwards?
For the SEC, the incentive is low. It can get you promoted from SK14 to SK16, which is a pay raise. But not that much. If you go to the SEC, just do your policy work and forget about publishing or academia. Enjoy the work life balance.
There's no worklife balance in DERA. They can't hire enough people to write the rules so the work environment is miserable. SEC economists don't publish because they don't have time. Worse still is there is little incentive to try to publish because of a history of papers not being cleared
-
FROM A RESEARCH/PRESTIGE STANDPOINT:
The SEC job will divert your attention away from research, while the FED job will give you more latitude to pursue publishable projects.
If we're being objective, most people who get EITHER job will let their research agenda die there and never come back to academia. Still, better than failing tenure at a 3A R1 school and moving to a balance school.
FROM A SALARY STANDPOINT:
SEC: https://www.sec.gov/ohr/sec-compensation (starting at SK-14 with a finance PhD)
FED: https://www.federalreserve.gov/careers-salary.htm (starting between 160-200k with a finance PhD)
SEC is better, solely due to their "locality pay" adjustment (because you are probably working in DC). You also have decent job security at both places.it seems the salary cap at SEC is 260k which seems a bit low for fenance phd.. do they also have bonus?