for economics/finance fields, would it be better to work for the government (i.e. fed reserve) for several years then work for a private company (i.e. bank), or private sector to earn some money first and then relax at a higher ranking government job?
It really depends on your level of comfort. Civil service doesn't pay as much as the private sector but there's good job security and benefits. The private sector exposes you to a variety of products the government don't use and that makes you more marketable. Government-then-private. Most senior level bureaucrats make tons of money after they get "consultant" job. FDA-then-Pharmaceutical industry, SEC to financial industry, Police-then-Security etc.
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