New positing at the AFA career board
Why Citadel does not hire finance phd?
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They do if you are strong in asset pricing theory (read mathematical modelling) and forecasting. But 99.99% of PhDs in Finance only know identification techniques which are worthless in real life.
Citadel hire stem PhD to be quant researcher. Why not finance phd? How can they understand stock fundemantals?
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They do if you are strong in asset pricing theory (read mathematical modelling) and forecasting. But 99.99% of PhDs in Finance only know identification techniques which are worthless in real life.
Citadel hire stem PhD to be quant researcher. Why not finance phd? How can they understand stock fundemantals?
Can confirm. I almost went there. Sometimes I wonder how it would have been. They had no issue with my PhD as I worked on topics they cared about.
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They do if you are strong in asset pricing theory (read mathematical modelling) and forecasting. But 99.99% of PhDs in Finance only know identification techniques which are worthless in real life.
Citadel hire stem PhD to be quant researcher. Why not finance phd? How can they understand stock fundemantals?
Can confirm. I almost went there. Sometimes I wonder how it would have been. They had no issue with my PhD as I worked on topics they cared about.
which means you didn't work on topics editors cared about
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which means you didn't work on topics editors cared about
Yup. I can proudly say you can't find the terms CEO, board, natural experiment, sustainable finance, and identification in any of my papers. :) Some editors gave me a break occasionally but I do not work on any trendy topics. Just stuff that works.
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Uh, of course they do. The fact that you seldom see finance PhDs in the industry while you see a bunch of STEM PhDs is simply because there a way fewer finance PhDs comparing to STEM PhDs. Stanford intakes 2-3 finance PhD students while they intake 100-150 EE PhD students each year. A finance PhD is way more precious and prestigious than STEM PhDs.
even as a math bro, i agree with this. finance phd is like MD. useless degree but low supply makes it prestigious.
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which means you didn't work on topics editors cared about
Yup. I can proudly say you can't find the terms CEO, board, natural experiment, sustainable finance, and identification in any of my papers. :) Some editors gave me a break occasionally but I do not work on any trendy topics. Just stuff that works.Curious what stuffs work? Explaining stock returns with HML and SMB?
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Uh, of course they do. The fact that you seldom see finance PhDs in the industry while you see a bunch of STEM PhDs is simply because there a way fewer finance PhDs comparing to STEM PhDs. Stanford intakes 2-3 finance PhD students while they intake 100-150 EE PhD students each year. A finance PhD is way more precious and prestigious than STEM PhDs.
hahahahahahahaha, good joke bro.
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which means you didn't work on topics editors cared about
Yup. I can proudly say you can't find the terms CEO, board, natural experiment, sustainable finance, and identification in any of my papers. :) Some editors gave me a break occasionally but I do not work on any trendy topics. Just stuff that works.Curious what stuffs work? Explaining stock returns with HML and SMB?
Hmm... where to start? I know:
Explaining stock returns with SMB and HML does NOT work.
But Lots of other stuff in the investments, anomalies, portfolio management literatures works.
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which means you didn't work on topics editors cared about
Yup. I can proudly say you can't find the terms CEO, board, natural experiment, sustainable finance, and identification in any of my papers. :) Some editors gave me a break occasionally but I do not work on any trendy topics. Just stuff that works.Curious what stuffs work? Explaining stock returns with HML and SMB?
Hmm... where to start? I know:
Explaining stock returns with SMB and HML does NOT work.
But Lots of other stuff in the investments, anomalies, portfolio management literatures works.CFA materials
Good if JMC passes 3 Levels