₦airaland Forum

Just to clarify, traditional banks do hire quants. Bank of America does, for example. I have a classmate who got to the 2nd round with them. Not sure if he was made an offer, though.

Bleh. Poor folk

wow.

BetaThings:
Really?
Was that the reason Obasanjo bombed Odi and nobody could go to Warri (Itsekiri v Urhobo)
And MEND followed on their heels
And of course the ife/Modakeke crisis was also under Obj
BTW Boko Haram started under Yaradua (a fellow northerner)
What did the Northerners do that would have warranted Obj acting
You are beginning to believe in propaganda

I don't mean Boko Haram specifically. I'm saying that I believe that the Sharia that was installed in the North in the early 2000s and the various riots and unrest there were instigated (by northern politicians seeking to destabilize a southern president.)

Don't you notice a pattern here? Why do they only remember Islam in the north when a southerner is president?

I don't see how risk management is macroeconomics or even microeconomics?

Well, let me be more clear. I've seen value-at-risk and understand the concept and math behind it. But if the rest of risk management looks similar to this, it isn't really economics.

It is a tool for banks to understand the riskiness of assets. But not pure micro or macro like I studied in high school.

@manny4life: He got his undergrad in econ btw, not islamic studies.

kalokalo:
Soludo is definitely sharper than Bernanke. Why all the inferiority complex with Nigerians

What is your basis for saying this?

Technically, only the following schools are ivy league:

The eight institutions are Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, Princeton University, the University of Pennsylvania, and Yale University.

Of course, then you have schools like Stanford and MIT that are better than half the schools on this list. Stanford in particular imo is the same as Harvard to me. . . universally strong across the board in almost everything.

But that is just an aside.

iragbijile:
Did Deziani Allison Madueke not spend five years in a 4 yr course at Howard?

Rumor has it that she couldnt graduate on time because she kept failing Aluko's class.

She eventually passed after Aluko slept with her. Up Yoruba dyyyyck

roflmao. Aluko is not that type of guy though. He is an omoluabi

Now, I issue an open challenge to anyone here reading this before I leave this thread.

My suspicion is that every single professor who has move from non-academia to a faculty position in any field at a top university has at least one of:

A) papers in a top journal in their field (not one page commentaries in Lancelet or whatever about other people's work)
B) some other written work that is the de-facto standard in the field, or considered amongst the best.

We both agree that Ngozi doesn't satisfy either (A) or (B) above, right? So if you can find someone like her who has gotten a job in econ/mathematics/engineering/science/etc, I would be interested in seeing it.

I think the problem is a lot of you guys think economics is some field where you can get a faculty position w/o any sort of legitimate peer-reviewed work at top journals. You can do this for something like English or maybe certain sorts of social sciences (I'm guessing for sociology, maybe? Maybe a good sociology book would get you a faculty position, I have no clue.) But for quantitative fields like economics, mathematics, or computer science? Snowball's chance in hell.

ZnO:
Always attempting to make every thread about me? Huh? Well, I am glad to tell you I do not work for an Ivy League uni. However my uni is among the first 30 in the USA and among the first 100 globally. I am satisfied, for now, with that. At least it is by far better than Howard (where  xxxxxx xxxxx you know whom) is a prof of over 25 years, with nowhere else better to go.

Hehe, my beloved Bolaji Aluko, right?   I remember when you thought he and I were the same person. Anyway he has left to become VC at the new university in GEJ's hometown.

ZnO, I don't think you get it. It is well-nigh impossible to get a faculty position at a top school without being one of the best in your field.

Anyway, I shall return to this thread to answer @davidylan if he responds to my post, or if anyone brings up anything interesting to say.

Why would she be able to bring in more money? How?

She'll bring to Harvard a connection with the World Bank, that they didn't have before? 

Harvard, probably the already most connected university on earth?

This is why they'll waive the research requirement?  

I am starting to think you are at some very 3rd rate American university (where this type of stuff actually does happen.) Part of the reason why I keep emphasizing 1st rate is that this absolutely doesn't happen at such schools.

You cannot get a job at a top university w/o great publications in your area. Generally, great publications are published in great journals. So that Ngozi has zero papers in great econ journals either means:
A) The papers are still very important in the field of economics, just for whatever reason not published anywhere good
B) The papers aren't important in econ.

ZnO:
If there is a teaching vacancy at MIT and I have a PhD from Harvard, and a good postdoc teaching experience from Univ Chicago - not Ivy League but strong nonetheless- I stand a chance even with little publication. It depends on who your competitors are.

Purely teaching? I.e., non-tenure track? Those aren't too difficult to get.

And no, you cannot get a tenure-track position at MIT in any area without quality publications. Just flat out wrong. . . I'm not going to bother explaining further why

ZnO:
Duh, publication is only a part of the total requirement. It can be waived with a strong candidate such as Ngozi

No, it cannot. End of story. If you disagree, find an example of any professor at a top university who has been given a position with zero publications in the best journals of their field.

ZnO:
One way among others: Ivy leagues are not immune from the economic crunch. A professorship in any of them for Ngozi is a sure way to attact international funding. She knows all about proposals, fund generation and the publicity involved.

She is not going to be made a prof at a top school just so that can attract more money, lol. This is silly, dude.

I know of a young Nigerian at Caltech who did not publish much but because he got some 500K funding for the university, he was promoted to a Full prof expeditedly.

Money for research speaks.

Prof Dabiri got tenure in 2009, then got the $500K Sloan "genius" grant in 2010. BTW, to my knowledge the university doesn't directly get any cut of that particular grant, if I'm not mistaken.

At any rate, getting the Sloan was a commentary on the quality of his research. Publishing "much" is not the answer, so much as publishing quality. Quality over quantity.

davidylan:
Dumb. I used those as a case study. Some landmark publications never made it to nature. Does that render the authors work inferior?

Sorry, I misread your post.

To address your question, work is not necessarily inferior or less impactful just because it is published in a journal other than nature.

But suppose you have two economists, A and B. A has published published widely amongst the best papers in his field. B has not. Which body of work is likely to be superior?

huh? As WB MD?

Being a WB MD in and of itself is enough? Even without the required publications? This is your answer?

ZnO:
There is only one World Bank where few can rise to become MD. Many Ivy League profs are swooning to get there.

What is your basis for making this latter statement?

In contrats, there are many Ivy league schools and their equivalents in UK and Switzerland where a former WB MD will [b]EASILY [/b]get themselves into.

How? I am a WB MD. How do I get a job in economics at an ivy-league school? Which area of econ is my research under? What am I hired under? What is my research program look like?

davidylan:
then on what basis are you making a comparison? Grandiosity of titles? Using journals as a standard even makes your point more baseless . . . some far better papers have been published in cell or MCB. Does that invalidate the work because it didnt make its way to Nature?

Of what relevance is cell, MCB or nature for a guy looking for an econ job? Shouldn't a guy looking for an econ job have publications in the best journals in his or her field? The guy I linked to has has them.

lol its clear this guy doesnt know what he's talking about. At least he was smart enough to add the "i could be wrong" tag to his piffle.

How is it possible to get a job at a top econ department without a single publication in an elite econ journal? Kindly explain to me, since I have no clue how things work, and you do.

You are wrong. It is as simple as that.

It is annoying when people play this game. Getting a job as a prof at an top school in econ means you are amongst the best in the world in the field of economics. Do you really believe that this is true about Ngozi? Is she one of the best economists in the world?

Be very honest with yourself.

ZnO:
No one worships Ngozi, but we gladly come to her defense when some people attempt to degrade her. Its that simple.

Nobody is degrading her. I'm a fan and a supporter of her. But at the same time, there is no reason to misrepresent what she has done, or what she is capable of doing. As you have done.

I don't understand the relevance of looking at pay.

You don't think this guy I linked to above couldn't leave his job TODAY and get a job at a some hedge fund in NY or Connecticut somewhere?  

davidylan:
That's false.
Did you READ the content of the papers?

No, I did not read through them. I'm implicitly using the journals they are published in as a measure of value by the standards of those in the field.

Secondly you do realise that the other guy has to write to get to tenure while Ngozi writes basically as she sees fit?

The OP started this thread in part as  followup to a previous discussion we had. I claimed that she'd find it difficult to get a job as an econ prof at a top school, he claimed that it would be easy. And he linked to a one page commentary on the lancelet as proof of this.

Regardless of whether it is writing as she sees fit or not, I don't think it is the type of research they'd be looking for. Granted, I could be wrong since this isn't at all my area of expertise. But there is pretty big difference between what I've seen other academic economists writing and this.

iragbijile:
Exactly my point. Iweala's papers arent that top notch.  Only a fool like Zno and an un-exposed Nigerian like Seun would see that as something great.

Even, Paul Krugman's weekly article in the NYT has more quality that the crappppppp ZnO is blabbing about

Krugman is amazing. You cannot even compare a weekly article written by him to most people. That is why I used the lower bar of a junior faculty member.

Hehe.

I don't think you can reduce the difference to just "grandiosity of paper titles" versus the lack thereof. There is a fundamental difference in quality. Or maybe I shouldn't use the word "quality", that assumes one objective standard. But by the metric used by these guys who make the hiring decisions, there is a big difference.

At any rate, in this particular game, what the OP linked to just doesn't cut it. And I say this with no disrespect intended to anyone, that is just the reality of it.

iragbijile:
So you've been watching? huh?

hmmmmmm

He is a basic scientists I think. Most likely working for Schering plough or Johnson & Johnson, they all start there anyway.

Just skimming. BTW, I'm not sure of the point of this thread. I don't think anyone has denied that she has publications. They just aren't the type that'll get you a tenured or tenure-track position in an econ department at a top school.

Here is an example of the type of papers I'd be looking for:

http://www.princeton.edu/~chassang/research.html

Btw:
(A) I have no connection to the above guy, just found him semi-randomly
(B) he has a sloan fellowship, so is at least several cuts above even assistant profs in economics even at top schools. So not quite fair to compare this guy to just your average dude looking for a job as an assistant prof at princeton [to be clear, even such an "average dude" is wayyyy better than me, so don't get the wrong idea and think I'm disparaging 'em]


Hopefully you all see the difference in. . . how should I call it, substance between papers like:

1) “Fear of Miscoordination and the Robustness of Cooperation in Dynamic Global Games with Exit", Econometrica, 2010.
2) “Non-Asymptotic Tests of Model Performance", Economic Theory, 2009.
3) “Uniform Selection in Global Games", Journal of Economic Theory, 2008.

versus what the OP has linked to.

[quote author=ndu_chucks link=topic=710377.msg8689939#msg8689939 date=1310322770]You started the thread by claiming that your objective is to educate yourself, I quote you verbatim: "I have decided to start this thread with the objective of educating myself on SLS". You now claim as shown in the bolded text above that Sanusi obviously lacks grounding in macroeconomic theory! Haba![/quote]Why do you claim he has a solid background in macro? The undergrad and possibly masters level courses he took in the 80s you think is enough?

What area are you in, davidylan?

50k youths, all earning the new minimum wage of 18k?

That adds N900 million to your wage bill every month. And you'll probably be lucky if these youths are doing work worth N100 million.

Is Abia State that rich that it can afford to throw away so much money?

Why do the northerners always do this, though? Didn't they do the same thing a little bit into OBJ's tenure?

But I thought the composition of the army is sufficiently different and the risk of coup small enough for GEJ to act (unlike OBJ who could not.)

Hotel is supposedly part of the CBNs capital expenditure budget.

Power was something Sanusi suggested the CBN could help out on.

Chicken farm was a parody some newsman did.

He is also interested in acquiring the abuja commodities board, according to a recent newspaper report.

All in all, I'm not sure he knows the role of a central bank. Hotels, power plants, commodities board are not under his jurisdiction.

Greece is a mess

Katsumoto:
Also, Sanusi was confirmed by the Senate in June 2009 and by August 2009, he had bailed out 5 banks. How was he able to review, identify, and implement such a move in less than two months?

An excellent question. Btw, you imply that two months is too short a period of time. Can you offer some examples elsewhere in the world so we can get a sense of what this process looks like?