by Doug » Mon Feb 07, 2005 2:36 pm
Predoc fellowships are important, especially early in your graduate career. If you obtain funding as an undergrad (wduring the grad school application process), you can pretty much write your own ticket as to where you want to go. They also 1) teach you to refine your thoughts in a very short space, 2) set you up for future awards later in your graduate career when you need more research (as opposed to stipend.tuition) money (i.e., NSF DDIG), and 3) provide you financial autonomy to a degree from advisors (this is a BIG deal in some departments...I've heard a few horror stories that only went away after the student obtained independent funding). In many places, they also provide a means of reducing TA workload, especially if it's a more generous NIH fellowship (although NSF's have gotten better recently). At institutions that don't guarantee funding to grad students, it's especially important. Once the post-doc level is reached, they should become less important than publications and contacts. With regard to non-academic positions, their biggest importance is that it shows a proven ability to write grants, develop budgets, and generate independent funding.
So yes, it seems they're important in many ways. I'm sure others will chime in on their importance in ways I've forgotten to mention.