Not surprisingly investment managers with PhDs in Finance outperform those without the degrees. So from an investor's point of view - this might be a reasonable screening tool when evaluating managers.
From a manager's point of view the NPV of a PhD is probably less clear.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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