I intend to apply for a Phd position on financial engineering. I heard that some university put it in the maths or stats department, while other set it in the department of economics. What is the difference in between? More positions on maths or on ecnonomics?

I gathered that you have a PhD and want to teach, right? Your PhD is in....?? Because most likely you should have figured out the answer to your question on your own.

QuoteOriginally posted by: fmfreshmanI intend to apply for a Phd position on financial engineering.i.e. he wants to do a PhDWhat does he want to do when he finishes, would help him choose a department

I do not have a Phd degree yet, so consider to apply to be a phd student. I spot some professors on finance engineering stay at economics department, while some in the maths or stats department. I guess the research these heads on economics department are doing is more business-interested, while maths professors more like to do more mathmatical finance projects. Is it true? QuoteOriginally posted by: MaeloI gathered that you have a PhD and want to teach, right? Your PhD is in....?? Because most likely you should have figured out the answer to your question on your own.

I prefer to go to some university for a teaching position after getting the phd title, but I also like to work as a quant in a Investment bank or commercial banks.QuoteOriginally posted by: ppauperQuoteOriginally posted by: fmfreshmanI intend to apply for a Phd position on financial engineering.i.e. he wants to do a PhDWhat does he want to do when he finishes, would help him choose a department

QuoteOriginally posted by: ppauperQuoteOriginally posted by: fmfreshmanI intend to apply for a Phd position on financial engineering.i.e. he wants to do a PhDWhat does he want to do when he finishes, would help him choose a departmentoh!!...

QuoteOriginally posted by: fmfreshmanI prefer to go to some university for a teaching position after getting the phd title, but I also like to work as a quant in a Investment bank or commercial banks.QuoteOriginally posted by: ppauperQuoteOriginally posted by: fmfreshmanI intend to apply for a Phd position on financial engineering.i.e. he wants to do a PhDWhat does he want to do when he finishes, would help him choose a departmentI would put it in this way...I want to get to NYC...there's many many ways I can get there )by train, by airplane - at least 3 airpost, by car, by bus, and subdivision); once I get there I might go to Broadway or to Time Square...at the moment, I dont know.So, first things first,,decide on the way to go to NYC. On the way or when there, you might even change your mind about Broadway.Pick the program based on their professors' research; check that out, read about what they publish...so you have a better idea on which program you might fit in.

QuoteOriginally posted by: fmfreshmanI intend to apply for a Phd position on financial engineering. I heard that some university put it in the maths or stats department, while other set it in the department of economics. What is the difference in between? More positions on maths or on ecnonomics?Obviously, you take different courses and comprehensive exams in math and econ departments. Once you are into the research phase, I'd say there can be no differences. Since you consider to be a quant in the future, I suspect a math phd might give you a slightly higher chance as most quant positions require math-related PhD or MSc. OTOH, an econ PhD will have a better prospect of becoming a lecturer/asst prof because the supply-demand curve seems more reasonable in the econ faculty than in the math faculty.

agreed that there is a better shot at being a prof with a PhD in econ than in mathnot sure that I'd agree that the same PhD could be done in either department, you have to be supervised by someone and have your thesis examined by department members and often an external examiner, and if you're trying to do cutting edge math in an econ department, that may be a problem in most (maybe not all) econ depts as they may not fully understand it

Choose the supervisor, not the department. Look at the papers they have published and see if they are in an area you are interested in. Rule of thumb. Economics departments will be more case study and maths will be more theory development. Choose the right uni and you may be able to get access to both, maybe even a second supervisor in the other department.