Note that most faculty who teach finance probably have some industry experience as well. I have read the comments and suggestions here. Most of them seem to be from successful professionals, but some are also written with a hint of the charmed career. Clearly no one believes that is the norm however I wonder if the practical aspect missing here is the messy role the real world can have on shaping and sometimes trashing carefully made plans and just how then you can adapt to that.
I don't have the answer, but I am an experienced PhD and well acquainted with that question.
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