... and do something useful for the world, here is some wise advice from Chris Blattman, a former MPAID.
In my experience, though, too many students who are interested in making a difference in the real world go on to the Ph.D--and for the wrong reason. As I always tell students asking me for advice on this, the only good reason to want to do a Ph.D. is that you want to be an assistant professor at some academic institution. If you want to deepen your knowledge or enhance your credentials, go and work out there for four or five years (past a high-quality master's program), and you will be infinitely more ready to rise up in the world than if you had spent that time doing a Ph.D. And having done well in a master's program, or having enjoyed it, is no guarantee that you are suited to a Ph.D. program.
Many international organisations (IMF, OECD, ...) require a Ph.D.
Posted by: Eric de Souza | December 12, 2007 at 04:00 AM
Any serious central bank sets Masters degree a minimum, but would prefer Phd.
Because a doctoral degree from a high quality school is a strong signal of one's research ability. And yes, there are research activities at central banks, IMF, WB etc., not only policy work.
Posted by: tweek | December 12, 2007 at 05:58 AM
I would broaden this recommendation byond "assistant professor" to "professional researcher". For instance, many people work as consultants, NGO research directors, program evaluators, and government advisors who are expected to (and often attempt) advanced quantitative reseach. An MA, MPA, or (speaking from experience) an MPAID typically does not prepare one to become a producer of high quality quantitative research. For this type of work, I could not replace (and nor would I want to) the theoretical, intellectual, statistical, and research design skills I picked up in my PhD.
Posted by: Chris Blattman | December 12, 2007 at 07:08 AM
You aren't even considered for a decent UN position (oxymoron?) unless you have a PhD *and* experience. Nowadays, it is almost a minimum requirement.
I agree that "real world" experience is extremely valuable. Why not incorporate this into PhD programs then?
Posted by: Celo | December 12, 2007 at 10:19 AM
There are intrinsic rewards to doing a Ph.D. that shouldn't be discounted. I think the experience is quite transformative, and that one doesn't have a very good idea going in what one will want out of life once done. I decided to do it because I thought the experience would be worth it, even though I knew it would not always meet the conventional definitions of "pleasure!"
Posted by: David Clingingsmith | December 12, 2007 at 08:50 PM
dani
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learn the math
and get
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Posted by: paine | December 13, 2007 at 11:58 AM
Dani,
There is more than one good reason to want to do a phd.
To be competitive for any job in an intergovernmental institution you pretty much need a phd and 5 years experience in "the real world", even for entry level positions (which makes the average ages of entry level applicants about 31-32).
Posted by: Dominic | December 17, 2007 at 02:11 AM
Saya mau PhD di Departemen Ekonomi di Amerika, bagaimana caranya?
Posted by: Joko Karyanto | December 27, 2007 at 04:50 AM
I think both are important,PhD and real world experience. Which is why I take both now.
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