May be top 10 is too high a treshold though.
Serious advice. Don't do theory if you are outside of top 10.
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have been around the block a few times, very strongly agree with OP's advice. With a PhD outside the top 10, in theory unless you are an absolute phenomenon who is hyper-productive and your department is willing to put in a once-in-a-decade effort for you, send many personal notes to their friends, etc., you are probably looking at outside the US at best, much more likely no academic offer... if you are smart enough to do theory well, you can be a real star in other fields where there is more demand.
vhrm theory students face a risky market. with a phd outside the top 10 it's a huge risk to take with the most productive years of your life
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Reg monkeys, even HRM, are not capable of reading theory anymore, even if the theory is actually useful (rare event). The theory is then written for other theorists, which makes it even more difficult to read. This is unfortunately the equilibrium and it is getting worse.
reg monkeys aren't even economists. they're like permanent overpaid researc assistants. They shouldn't even be in academia.
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Reg monkeys, even HRM, are not capable of reading theory anymore, even if the theory is actually useful (rare event). The theory is then written for other theorists, which makes it even more difficult to read. This is unfortunately the equilibrium and it is getting worse.
reg monkeys aren't even economists. they're like permanent overpaid researc assistants. They shouldn't even be in academia.
You sound super salty. It's funny that you need a strawman feel validated.
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I do not agree. Do theory if you like to, but be ready for huge sacrifices later on. I did theory (LRM PhD), I do theory (LRM placements), and I was on the market twice. It is tough, but I would not exchange my hard times with finding a job with a top 30 placement as reg monkey.
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Yes the theory job market is tougher, and you may well end up outside the US. This is not the end of the world. Think about the alternative: you may end up in the US doing soul destroying reg monkey research that wastes your talent and denies your passion. Academic careers are all about making monetary sacrifices for the chance to work on things you care about.
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I always give the advice that is ok to want to do only theory, but you should wait until after tenure to make your intentions public/obvious.
Unfortunately, doing applied stuff for some 10 years is the price you pay to enter into pure theory work.It is prety muc impossible to transition from years of applied work to theory, the reverse direction is a different story.
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If I had known what was awaiting me, I would have never gone into theory or probably even gotten an Econ PhD. If economics wants to become non-mathematical, fine, at least let there be truth in advertising. Don't screw the lives of countless bright students who could be making a real difference in another field.
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\(\text{Same applies to ECONOMETRICS}\)
-Unemployed Metrics 2018 JMCReg monkeys, even HRM, are not capable of reading theory anymore, even if the theory is actually useful (rare event). The theory is then written for other theorists, which makes it even more difficult to read. This is unfortunately the equilibrium and it is getting worse.
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I got a theory PhD from a ULRM (something like world top 250). Now I have an academic job doing theory, very little teaching, and multiple top field pubs. Theory is still valued outside of the US because the cutenomics cabal hasn't taken over here. If you can be happy outside the US and are good, there is a way to make it as a theorist.
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I got a theory PhD from a ULRM (something like world top 250). Now I have an academic job doing theory, very little teaching, and multiple top field pubs. Theory is still valued outside of the US because the cutenomics cabal hasn't taken over here. If you can be happy outside the US and are good, there is a way to make it as a theorist.
Top 250, lol.