<p>I am a junior student of undergraduate in China, majoring in accounting. You know, most accountants don't get master or PHD degrees. But I really want to study in US. So now I am just wondering that will those people having a PhD degree only do very acadamic jobs? As I am not a research oriented person...so I am afraid I might not quite fit for PHD...</p>
<p>PhD with a financial background...how are those people's career path...
yeah, that's what I am asking...</p>
<p>I might know very little about PHD...so hope you can help me out!</p>
<p>The process of obtaining a PhD, however, is very much an academic process. If you're "not a research oriented person" -- as I am not -- a PhD might prove very frustrating. It does not lock you into a research career, but the degree itself requires several years of research.</p>
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can you give me a reason to get a PHD degree?
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<p>Nope. People who do PhDs usually do them despite other options or warnings. If you need to be talked into it, it's not for you.</p>
<p>You can always do a masters in accounting or an MBA in the US. Less sustained research, although there will be some. However, being from overseas, it will cost you a pretty penny.</p>
<p>If you want to do a PhD related to finance/accounting an economics PhD can actually be very useful. Many of the heads and senior analysts of central (and other) banks and key think-tanks have Econ PhDs.</p>
<p>As my university has program which will give financial support to those people who want to get PHD degree in US. So I am just considering...As I know little about PHD, I am not talked into this, I just don't want to miss it only because I am short of information. </p>
<p>I have considered MBA...but it's difficult and not very helpful for those without working experiences....so I am not considering MBA...now..</p>
<p>can you guys recommend some places to help me know more about PHD program in US? especially in the field of economics...finance...I think I am good at maths..so....But I am not quite good in essays...</p>
<p>As I am a girl...will high education affect their daily life? especially in US...</p>
<p>If you think an MBA is difficult, a PhD is three times more so.</p>
<p>As to whether it will affect your daily life if you move to the US - that depends on what job you'd like to take. What exactly are your plans? Are you moving to the US permanently?</p>
<p>I suspect RH meant that MBA *admissions *were very difficult for students without work experience, which is a correct statement, at least for reasonable MBA programs.</p>
<p>RH PhDs in econ have a huge variety of job opportunities in addition to research and teaching. Western financial institutions with a presence in China will be knocking on your door with job offers and I suspect that western trained economists are in demand in China as well.</p>
<p>As for schools, take a look at the University of Chicago. It is rather well known for economics and the campus is not far from a vibrant Chinese community for those times when you just cant eat another slice of pizza. (Disclaimer: I'm from Chicago and love everything about the place.)</p>
<p>The other big names are the "usual suspects": Harvard, Yale, Princeton, Stanford (often abbreviated HYPS) add in Berkeley, MIT, Penn, Northwestern (in a suburb just north of Chicago) and so forth.</p>
<p>Then start looking at the large state schools like the University of Michigan, Ohio State, and Illinois. They have excellent programs but will be less well known outside the United States. </p>
<p>As to daily life - graduate school will use up almost all your time and energy and of course you will have the added issue of being 9000 miles from home. Even so, the grad students I know here at Penn are pretty uniformly happy and all seem to have active social lives. Most large universities in the US have graduate student organizations so there will be opportunities to meet people from many countries (as well as folks from home) and in many different fields. Here at Penn, at least, the grad student group also seems to be a good place for romantic relationships to start.</p>
<p>I would first spend a few years in finance or accounting before unloading a large sum of money into a masters degree. Make sure that those fields are the ones you want to work in for the rest of your a long time before you rack up a large amount of debt. I would get work experience in those fields before seeking out an advanced degree. Moreover, if you do decide to an economics Ph.D. program make sure you take plenty of math courses at the undergraduate level. (Including Calculus II, Linear Algebra, Discrete Probability, Multi-variable Calculus, and some Introduction to Mathematical Analysis). If you take all of those courses and are able to secure excellent grades in them then your chances of admittance into a good economics program would increase significantly. I would personally advise you against going into economics unless you know you want to study it, however.</p>
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You can always do a masters in accounting or an MBA in the US. Less sustained research, although there will be some. However, being from overseas, it will cost you a pretty penny.
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As my university has program which will give financial support to those people who want to get PHD degree in US
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<p>This reminds me of a funny story. I was at a party recently, and was talking to a guy who came from a poor foreign country (which shall remain unnamed) who was pursuing his PhD at MIT. When I asked him what made him decide to do that, he said, frankly, that it was better than any of the options he had back home. Specifically, while his MIT doctoral stipend is penurious by American standards, it's still far more money than what he would be making back home. In fact, he's actually remitting a lot of his stipend back home to his family, who is using it to enjoy a much better life. </p>
<p>This guy can't afford an MBA or any other master's that he actually has to pay for. The only option available to him is a PhD, and that's only because he would be granted a stipend. He figures that even in the worst case scenario, even if he never graduates at all and ends up having to go home after 4 years without a degree, all the help he would have provided his family through his remittances is still far better than anything he could have done to help his family if he had just stayed at home. {But of course he is trying to ensure that the worst case scenario doesn't happen. He has arranged to obtain at least one master's degree from MIT, maybe 2 master's (all for free, as part of his doctoral studies), and more importantly he's already leveraging MIT career services and the MIT network to try to get a high paying job in investment banking or consulting, so that even if he never completes his PhD, he will be able to make plenty of money that he can send back to his family, and perhaps some day arrange to have them immigrate here. }</p>
<p>But anyway, the point is, I think it's bit flip to just say that somebody from a poor country like China - and China is still poor despite years of high growth - to just get a US master's degree. Many people from poor countries simply can't afford that. For many of them, a US PhD really is the most feasible choice financially simply because of the doctoral stipend.</p>
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But anyway, the point is, I think it's bit flip to just say that somebody from a poor country like China - and China is still poor despite years of high growth - to just get a US master's degree. Many people from poor countries simply can't afford that. For many of them, a US PhD really is the most feasible choice financially simply because of the doctoral stipend.
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<p>Sakky gives a lot of bs. But I think that quote has the least bs of his 8000+ posts.</p>
<p>If you are thinking of staying in accounting, you might eventually want to study in the U/S/ for a Master's degree in taxation. But that's a "might", not necessarily a "must", and only for a Master's degree. not a Ph.D.</p>
<p>Hey pal, if you think my posts are BS, then by all means, let's debate them. I generally try to provide facts and links to back up what I am talking about so that people can make up their own minds about whether I'm right or wrong. </p>
<p>But regardless, even if I am wrong, I have the right to express my opinion. I don't hassle you when you express your opinions. Don't hassle me when I express mine.</p>
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Few posts does not make a person's information less valid.
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True, it doesn't. I've no doubt jmilton knows what he's talking about. But knowledge also doesn't not give anyone the right to insult/harass other members.</p>
<p>EDIT: I just sifted through sakky's previous posts and I now believe jmilton may have his reasons. I retract my statement, though I still believe there's a better way of saying 'you're bull'.</p>