4 Advising Graduate School
11/2011
General Thoughts For many/most careers not essential and/or done after work experience (MBA, Public Policy) Look at Cost/Benefit ratio Some might be better than unemployment Some fields require appropriate undergraduate major, others not
Ph.D. in Economics VERY strong math background (essentially math major) Often done right after undergrad Careers o University/College teaching and research, For academic careers, top rated programs important Assistant professor salaries $70k+, corporate and business schools higher Hard work but freedom, flexibility, choice, importance o government, corporate, financial, non-profit research, o consulting, finance and other positions o Research, Consulting, Terminal Getting In: o Math major/ stat/ Economics o Senior Thesis/ Research o Faculty who really know you o GRE's
Masters in Economics Applied or `offshoot' o Applied is terminal and geared for 2 year program o Offshoot is often same courses 9tough) as Ph.D. and sometimes a `consolation prize' for those who start but don't complete Ph.D. Possibly better done after one has worked or is working in a position where it is clearly useful 2 years, courses, possibly thesis Need: calc 1,2 lin algebra, intermed micro, macro, stat Jobs: assorted business Prep for Ph.D. - nah 1
MBA http://business.rutgers.edu/admissions/graduate
MBA generally 2-6 years after college experience o Seldom right after No specific background, but math and econ help o Mixed background at top schools minority undergrad business GMAT's, grades, work experience, recommendations $11k in state + fees, May 1 deadline for apps
MBA in Professional Accounting http://business.rutgers.edu/pamba
14 months, perhaps right after undergrad MBA, and CPA requirements Guaranteed internship Strong placement record No specific background, but math and econ help
Employment Outcomes Class of 2009 average starting salary: $57,000 + $3,000 signing bonus 86% of Rutgers PA-MBAs are employed by graduation day
MS Quantitative/Math Finance or Financial Engineering http://business.rutgers.edu/mqf at least one year full of calculus, upper level probability and statistics, linear algebra and differential equations. Recent MQF graduates have accepted such positions as: Associate, Senior Consultant, Risk Manager, Quant Strategist, Senior Analyst, Senior Market Risk Analyst, Senior Quantitative Analyst Rutgers Bus School, State Dept, Math Dept C++ Law School Caution
Often right after college, expensive, 3 years Top 20/ top half? LSAT's courses, reasoning Grades, Recommendations Top fraction of lawyers do very well, bottom fraction never practice and have great difficulty finding jobs. Recent structural changes in profession
Masters in ... Comp Sci Applied Statistics ? Masters in Operations research http://rutcor.rutgers.edu/masters.html interdisciplinary science- Mathematics, Statistics, Computer Science, and Economics problems in
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linear algebra, calculus, probability and statistical inference. Applicants should also have a strong analytical background, as acquired by an undergraduate major in engineering, mathematical sciences, computer science or economics, or by relevant work experience and industrial achievements following undergraduate education. Masters students are required to take a comprehensive oral qualifying exam before graduation.
Masters in Public Policy (Public Administration, Masters in Urban Planning http://policy.rutgers.edu/academics/pp/ focused on preparing students for careers in the public and non-profit sectors. Courses in an MPP program exclusively address public issues and students spend much less time studying fields that they will never use than they would in a law program. MPP students work in the public sector, the non-profit sector, advocacy, and in public policy consulting. Masters in Human Resource management Compensation, benefits management, consulting, recruitment, policies, performance evaluation, labor relations 12 courses in four broad areas: HR Strategy, HR Decision Making, HR Functional Areas, and HR Context Areas. An additional four elective courses can help to customize their experience. Other
Insurance Ph.D. Business Ph.D. Medical School
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