Quote:
|
tetrishead, then why not a PhD in Financial engineering itself?
|
Why? Why would you want to spend more years in school when the whole goal is to work? This is completely asinine. People who want to work in industry should go work in industry, because there's not a hell of a lot those two extra years of debt are going to do for you. A doctoral program is a whole different game than a masters degree, especially if you're expected to teach. There's this idiot ideal of "stay in school as long as possible and get a lot of fancy degrees and you'll make a ton of money!" when the reality is that the kids who get the hell out and start working immediately and do finance degrees when they have the time are way better off than someone who decided to spend extra years in academia. Degrees != jobs, spending two+ extra years in the workforce is a much better use of time for someone who actually wants to BE IN THE WORKFORCE.
You're told all top end quants have PhDs because all top end quants have rigorous mathematical backgrounds and almost no background in industry. The people who start working instead of spending 10 years getting a doctorate and developing a reputation are going to be managing those quants.