Friday, May 09, 2008

The results are in



















2008's economics Ph.D. job market results have finalized in the past month. Let's applaud at those top programs (and some not as good but apparently even more applaudable ones) that are willing to post their placement results. I compile a list as following. I will add more schools in the future when their results are posted. The list is not in any particular order.

Harvard
Stanford
Yale
Columbia
Rochester
Duke
UCLA
Wisconsin
Minnesota

(The last four should have 2008 updates shortly.)

What happens to Chicago, MIT, Princeton, and Berkeley? Fear of comparison or lack of diligence?

(Picture: AEA logo)

Tuesday, May 06, 2008

Hard to look smart with bad numbers








Mark Hurd, the CEO of HP, told a story in this week's Fortune. He recalled an excellently delivered presentation in a meeting a long time ago. The boss at the meeting calmly said in the end, "Good story, but it's hard to look smart with bad numbers."

That shall be the first principle of everything everyone does. But sometimes, you need a good presentation to make your bad numbers look less bad. That comes back to the trend I am observing in economics seminars and conferences.

More and more academics are using LaTex and its associated Beamer to deliver presentations. Prof. McCalman, our PhD program director, is pushing everyone in the program to use LaTex and Beamer. I am all for the new policy, since I am sort of an early adopter of new technologies. But many people cite the first principle I mentioned in the beginning here to resist the trend.

Too bad that is not the right thinking people here should have. If you are from a top 5 program, people will listen to you in whichever way you present it. I bet you can present a job market paper in word file and excel tables and still get a decent job. But not here. We need to dress well, put some lipstick on the pig, and use LaTex to get people to listen to us. Substance is of course important. But you need to have both substance and presentations to get you a good talk if you are nowhere near the top 5. To make things worse, people in the top programs also know LaTex and have pretty good dresses. Life is hard, isn't it?

(Picture: HP)