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Or What I should I be doing? Graduate School Timeline.

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1 Or What I should I be doing? Graduate School Timeline

2 Graduate School Regs & Timeline Formation of Graduate Committee after 18 Credit Hours. We wait until usually end of second year or beginning of third. Residency Credit 36 Hours of Coursework prior to the “Qualifying Exam” “Qualifying Exam:” Theory Exams (after first year), Field Exam (after Second year) constitute a written portion. Proposal Defense Constitutes Oral (and “official”) portion.

3 “Paper” Work Master’s Degree Apply for Degree in Fall of Second Year through myUK Request for Final Master’s Degree Exam Qualifying Exam (aka Proposal Defense): Formation of Advisory Committee: must be done first, can be done very early Request to Schedule Qualifying Exam (2 weeks prior!) Final Defense: 8 weeks prior! You must file “intent to defend” 2 weeks prior, you must file “Request for Final Doctoral Exam” 2 weeks prior, you must provide your committee with Thesis. Apply for Degree through my UK during first half of semester.

4 Required Course Work Students who have not Passed the Qualifying Exam, need to register for 9 credit hours each semester (full time). First Year Core: 601,602,603,701,702,703. Second Year Required: 704, 706. Two Fields (12 CH) plus 9 Credit Hours Supporting Work. Students Typically Count: 707, Field and 3CH of Independent Study. Can’t use more than 3 for this. Graduate School Requires 36 Credit Hours, we require 45. Our en-passant agreement allows us to count all 30 credit hours for both masters and Ph.D.

5 Typical Schedule First Year: 590, 601,602,603,701,702,703. Second Year: Fall: 706, Field1, Field2 Spring: 704, Field1, Field2 Third Year: Fall: 707, Field, 797 Independent Study (3CH). Spring: 767 dissertation research: Must propose!! Spring: Field, Independent Study (6CH), (can still do Proposal).

6 Independent Study Rules Prequalifying Independent Study: ECO 797, maximum of 12 credit hours. Post/concurrent Qualifying ECO 767, 2 credit hours per semester is full time (a minimum of 4 credit hours = 2 semesters). Failing to Propose a thesis by the fall of your 4 th year causes problems. You are not making sufficient progress by Grad School (and my) rules. You run up against the independent study credit hour max. You need to do that to get out on the Job Market.

7 The Real Scoop Fifth year funding is always scarce. We make an effort to fund fifth years, but especially now, it’s tough. We never fund 6 th years. The Bottom Line is the Job Market. Most US Econ PhD students take 4-5 years to finish. Longer than 5 is considered a negative. To be on the market you need to be well along with your thesis.

8 Job Market Overview Job Market heats up in October, application deadlines in December. Need: Job Market paper Thesis Abstract “Done Signal” Job talk (October, for letters) Your Advisor’s support

9 How Done is Done? Employers are hiring Ph.D. economists. (not ABD’s or anything else). Credible plan to finish. Clear signal of what you need to complete. Need to be clearly done by the following August.

10 How do I get there? Most Students Fall Behind in Second and Third year in making progress on a proposal. Field Courses Field Exam Reading Literature! Third Year Independent Study: Writing Lit Review/Proposal Propose by the end of third year. Don’t treat independent study as a “blow off.” It may be the most important class you take. Don’t blow off summers and other “breaks.”

11 Field Courses Reading the Literature Required Readings are just the start. Read more in topics of your interest. Field Exam: more reading!!!! Topic ideas. Writing Literature Review is not a book report. Pick projects that are in your research interests. Meeting with Professors Talk about research questions. Talk about dissertation.

12 How to Structure Independent Study Beginning Second Year, talk with faculty about your interests. Find an advisor! Don’t be afraid to broach this subject with faculty. Structure Regular Meetings with your Advisor. Meet with other faculty on the topic and related issues (they will become your committee). Write! Your goal should be a draft paper.

13 Summer After First Year: This one is hard. Read! Get recent AER. Get recent QJE. Read what’s going on in fields. After Second Year: Don’t let the momentum from field exam expire. Start reading/talking with faculty about topics! Start writing a lit review/proposal. After Third Year: Your summer should be lots of work! By the end of third year summer, you should at the very least have a draft of a first paper. It might suck, but so what…that’s what fourth year is for!

14 After Proposal Really no different, fewer classes. Treat Dissertation work same as independent study Regular meetings with advisor. Regular writing: write something every week! Keep focus.

15 Time Management Eat, Sleep, Research: 168 hours per week Sleep for 8 = 56 Eating for 3 = 21 Personal Hygiene for 2 = 14 Misc Errands 1 = 7 Fun time 2 = 14 Total: 168 – 56 – 21 – 14 – 7 – 14 = 56! If you worked full time you would be working about 50 hours a week (give or take). Read while you eat, do laundry, etc.

16 Time Management II Schedule Blocks of Research Time. Second year: probably not that much, but an hour or two to read an extra article. Third year: 3CH = 3 hours per week class time + homework. Independent Study: block it off like a class! Use it! Every Week! Fourth year: Think 3 classes: 9 hours per week + homework. Regular Meeting with Advisor. Formal or informal. Negotiate. Write stuff and give it to them.

17 Traps Teaching. Yes, it’s important. But it’s 20 hours a week (max!). That leaves you 30+ hours per week to do classes/research. 6 contact hours/week (2 classes, 3 hours each) 2 office hours. 12 prep/grading hours. “I just need to read 1 more article” Do both! Don’t wait to start. “I’m scared to talk to my advisor” Why? Cuz you haven’t done anything??? Then do something! “I don’t know what to do next” Are you kidding me? Go see your advisor.

18 What’s the Payoff? Greatest Job in the World! Average starting salary (based on AEA Survey): PhD Granting Universities: $103,793 BA and Masters: $76,633 Other Stuff (speculating): 70-120K Our Graduates Typically place in BA and Masters. Last year Overall Average: About $70K Keep in mind these are 9-month salary: usually extra available for summer.

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