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I know there's a huge difference between getting an MBA vs. a PhD in Finance (the latter is more theoretical, more academic, etc). But do most people who get their Finance PhD end up in a teaching position? How unusual is it for someone to go into the private sector? Also, is it an advantage for certain positions in the private sector to have a Finance PhD vs. an MBA?
I've heard those who receive their PhD in economics usually get jobs as professors, but I'm just curious if it's the same with finance. Thanks.