I am applying for a PhD in US in finance and one of the most crucial requirements is a personal reference. Following is a brief summary of where I am going to apply, when and in what to make the reference more relevant. I understand that it is a hassle to write a reference, and I am very grateful for your time and try to make it as simple as possible.
I am applying for 5 universities for a PhD in finance. So I need 5 evaluation forms and 5 letters of reference in sealed envelopes with your signature over the back mailed to me. I will send you stamped and addressed envelopes with all the stuff as soon as I get your address. Here are the things I need in the order of importance:
A good reference should probably be relevant to the institution I am applying for and the relevant field so I include a list of the universities according to my preference. If you recognize some of the names or know them personally please let me know and use it in the reference.
All forms are also available from the web including this document should you need to reference it.
www.siilats.com/phd . This also has guides as to how to write the reference and this document.
You can email me at email@example.com , fax me at (+1) (707) 281 0517.
Please mail all things to
366 w 52 st apt 5B,
New York, NY, 10019
My phone is (646) 345 3758 (mobile) or (212) 350 8494 (work)
I want to do my PhD in US. The requirements are some relevant work experience (I have 2 years), a standard GRE exam test (I got maximum 800), good references (I have at least the best people so far), good PhD topic (Ideas follow) and a nice personal statement. Cambridge was financially very difficult, now it is a completely different story, so my motivation levels for going into PhD are pretty high.
PhD is going to be in finance, my first two choices are Stanford, and New York’s Stern.
In finance there are three interesting areas that I am considering. I will tour around Stanford, Stern and Boston in the next few weeks and figure it out exactly. Any recommendations are strongly welcome.
The idea is to look at how a stock exchange functions and then devise rules that can make money. I have worked with many online trading companies so I have access to nice databases of how people buy stocks. I also work for a money manager in New York in research so I see when they change the allocation of their portfolios and to what extent. Market microstructure is a new and exciting field, it requires considerable computing knowledge because the quantity of data is huge, thus I think I have a good advantage.
In Stanford there are two people that do it. Anat Admati and Paul C. Pfleiderer. They do things like “Sunshine Trading” analysis whereby some liquidity traders announce the size of the next orders.
My idea is to separate traders out into groups using data from online trading site. For example people that look at a given group of stocks and people that don’t. Now based on the relative holding size of those two groups (if people that frequently look hold a lot or not) one can make assumptions based on future short- term volatility of the stock. Those people that look at the stock are called liquidity traders, they will buy when a good opportunity arises and sell when it passes, thus keeping the market in balance and volatility low. However, they have a limit as to how much they can hold legally. Thus if they already hold a considerable size, then their volatility reducing activities are limited, and thus volatility will increase. This should be very valuable information for spot traders in setting their bid and ask spreads.
This is a classical PhD topic, theories of how much stocks should cost. My most relevant experience is the research work in New York, as I am in fixed income research, so the subtopic would probably be in pricing credit derivatives or figuring out the spread movements over time.
This has classically involved looking at how banks affect corporate finance. However, recently, especially in the west coast at Stanford, there is lots of research into e-commerce companies and venture capital. I have little theoretical experience with this, but I doubt anyone does. I have had lots of experience with different .com companies from the inside, as I am doing IT consulting for them. So this would be a less theoretical PhD, which would move me more into business side and increase the expected future earnings.
Stanford Business School
518 Memorial Way
Stanford, CA 94305-5015
Program is called Stanford Business School PhD in finance. Stanford has one of the strongest finance departments (Duffie and Singleton), it is very close to Silicon Valley and has excellent resources (the climate and such :)
Following is a list of professors according to my PhD topic. If you know anyone give them a call at the above number and also mention them in the reference. If I have missed out anyone or you know some nice research URL-s they have let me know.
Venture cap. Financial int.
Anat R. Admati
Paul C. Pfleiderer
J. Darrell Duffie
Harrison G. Hong
Kenneth J. Singleton
Steven R. Grenadier
John G. McDonald
George G. C. Parker
James C. Van Horne
Jeffrey H. Zwiebel
C. Lanier Benkard
Jeremy I. Bulow
Robert J. Flanagan
Peter B. Henry
David M. Kreps
Paul E. Oyer
Peter C. Reiss
D. John Roberts
V. Brian Viard
Robert B. Wilson
phone: (212) 998-0740
fax: (212) 995-4214
Leonard N. Stern School of Business
Doctoral Office, Tisch Hall
40 West Fourth Street, Suite 8-11
New York, NY 10012-1118
Stern is located in New York, which is very convenient, has extremely up-to-date research and lots of resources, very strong links with the Currant institute, which is one of the best applied math places in US. It has a lot larger faculty than Stanford.
Microstructure / Asset Pricing
Edward I. Altman
Jacob (Kobi) Boudoukh
Stephen J. Brown
Edwin J. Elton
Richard M. Levich
Crocker H. Liu
Martin J. Gruber
Anthony W. Lynch
Matthew P. Richardson
William L. Silber
Marti G. Subrahmanyam
Robert F. Whitelaw
Jarl G. Kallberg
Coordinator of the Finance PhD Program;
William H. Greene
Coordinator of Economics PhD
David K. Backus
Jose Manuel Campa
Barbara G. Katz
Thomas A. Pugel
William L. Silber
Marti G. Subrahmanyam
Robert A. Kavesh
Lawrence J. White
Holger C. Wolf
Clifford M. Hurvich firstname.lastname@example.org
Coordinator of Statistics
HARVARD UNIV GRAD SCH ART & SCI - 3451 20 ECONOMICS
Harvard University, Office of Admissions
The Graduate School of Arts and Sciences
P.O. Box 9129, Cambridge, MA 02238-9129
(617) 496-6100 (Please call between 2:00 pm and 5:00 pm Eastern Standard Time)
Harvard is a big place where you actually start your PhD in economics and then specialize in Finance.
It is a bit removed from all Internet activities though. Also my sister is already going there.
Sanjiv R. Das - na
email@example.com: (617) 496-2442 Li M-8
ap Samuel Thompson
Office Hours: - 125
Tuesdays, 3:30-5:00 PM
George Chacko - das's friend
Tel: 617-495-6884 / Fax: 617-496-6592.
Laurent_Calvet@harvard.edu (617) 495-4129 Li316
(617) 495-9592 L- M-7
John Y. Campbell
Thursdays 11:30 AM - 12:30 PM and 1:30 PM - 2:30 PM
firstname.lastname@example.org L- Center Room 209
ap Tuomo Vuolteenaho
(617) 496-6284 L- 312
Mondays 2:00-3:30 PM
Jeffrey T. Slovin
Gregory Mankiw (617) 495-4301
The Ph.D. Program in
MIT Sloan School
30 Memorial Dr., E60-321 Cambridge, MA 02139-4307
This is a small extremely well resourced place that is highly recommended by the people I talked to about my PhD. Again its in Boston which is cold and in the middle of nowhere. However, the faculty is impressive, so it is sharing a third position with Harvard.
Ap Dimitrios Vayanos
Ap Jiang Wang
Ap Gregory A.Willard
Ap Raman Uppal
Columbia Business School
804 Uris, 3022 Broadway, Mail Code 9133
New York, NY 10027-6902
Fax: (212) 932-2359
Doctoral Program is 2141
It is in New York and has a very good faculty, although Stern is better and this is like an insurance choice.
Franklin R. Edwards
Lawrence R. Glosten
ap Yasushi Hamao
John B. Donaldson
Bruce C. N. Greenwald
Geoffrey M. Heal
Robert J. Hodrick
Suresh M. Sundaresan
Michael van Biema
Finance Computer Science.
Charles W. Calomiris
Cambridge University Economics in 1999. Full scholarship, finance, statistics and math as specialised subjects. BA degree with automatic MA.
Software development while Cambridge and after in New York for various companies. Mostly trading related. Online trading sites(www.trade.ee), shipping space exchanges (www.rightfreight.com)
April 2000, Sanford Bernstein later merged into Alliance Capital. Money management. I was in fixed income research, larger projects where a scoring model for junk bonds and OLAP portfolio analysis tools.
I have written articles in Estonian economics newspapers and am certified in all major programming languages.
Publications in Estonia regarding currency board and tariffs.
Publications in IT communities including open source and large database issues.
The deadline for the applications is from 2nd of January onwards; ideally I would need the references two weeks before (so in two weeks).
Thanks a lot for your time!
Keith Siilats (email@example.com 646 345 3758)
Geoffrey Edwards firstname.lastname@example.org
Uysal, Enis (212) 407-5938 UysalEZ@bernstein.com
Firoozye, Nick (212) 756-5842 FiroozyeNB@bernstein.com