Applying to the Ph.D. in Economics
1. Application Fee
A $75 application fee is due when you submit your online application. Waivers are available for qualified students.
2. Bachelor’s Degree
A four-year U.S. bachelor’s degree (or equivalent) in any academic field from an accredited college or university with a GPA of 3.0 on a 4.0 scale is required.
Unofficial transcripts of all undergraduate and graduate coursework is required with your application. Do not mail official transcripts during the applicant stage. An English translation must accompany transcripts issued in a language other than English.
A resume or curriculum vitae documents your prior work experience, publications, honors and awards received and a summary of your educational credentials.
Coursework in microeconomics and macroeconomics at the intermediate level or above and in statistics and mathematics (multivariate calculus) is expected. Additional coursework in finite math or linear algebra is helpful.
Ph.D. Coursework Requirements
Ph.D. applicants with no prior graduate work in economics will also earn a M.S. degree in economics and applied econometrics once they meet the requirements for that degree. Students with prior graduate work in economics might be able to transfer some of their credits toward both the M.S. and Ph.D. degrees.
Students with a master’s degree in economics or related discipline might be able reduce the total number of credits for the Ph.D. degree by receiving equivalency credit for some of these courses as determined by the department’s graduate committee. While an MBA degree is not considered to be equivalent to a master’s degree in economics, some coursework taken as a part of the degree might qualify for equivalency credit. Each student’s requirements for satisfying the master’s equivalency will be established by the graduate committee.
6. GRE Scores
A minimum Quantitative GRE score of 156 is required.
7. Personal Statement
The personal statement should detail your goals and objectives and clearly identify your interest in the Lerner College degree program.
8. Three Letters of Recommendation
Three letters of recommendation (preferably from faculty members), which comment explicitly on your ability to do graduate-level work, including graduate-level research and writing. Recommendation forms are emailed directly from the online application to the three recommenders whose names and email addresses you provide. Instructions for returning the completed forms is included in the emails.
9. International Students: Language Test Requirement
International applicants must submit one of the following:
- proof of having earned a degree in either the United States or a country where the primary language is English;
- TOEFL score of 100 or higher; or
- IELTS score of 7.0 or higher
The Graduate & Professional Education office provides more detailed TOEFL information.
* Visit the registrar’s website for residency requirements.
All graduate students are responsible for mandatory fees in the Fall and Spring semesters. These fees vary based on whether a student is taking the program on a full-time or part-time basis. Please visit the Graduate Fees and Financial Aid page in the Graduate Catalog for full details.