economics phd programs in europe

Doctoral Programme in Economics

Following the tradition of the national doctoral programme in economics launched in 1990, DPE promotes doctoral education by providing a deepening structure of courses in core areas of economics. 

The Programme's fresh doctors are well placed in international academic institutions, central banks, research institutes, government organizations, and in private sector.

Want to know more? Visit our profile & activities page to learn more about the key research areas and activities in the programme.

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Doctorate in Economics

Three-Year PhD Programme

Programme in English

Presentation

The PhD in Economics at Sciences Po, supported by the Department of Economic s, is now one of the very best European programs, as reflected by the recent recruitment of our students by top universities  (UCLA, ENS Paris, HEC Paris, Carlos III).

This programme is designed to provide world-class theoretical and practical training in economics. It rains highly qualified economists for academic careers, and for careers that require the highest quality of doctoral training:  international irganisations, think tanks, research organisations, public ministries, banks, insurers , etc.

The PhD program in economics trains top economists who seek to pursue university and academic careers in France or abroad, as well as careers requiring high-level doctoral training: in international organizations, think tanks, research institutions, government agencies, banks, and insurance companies.   

Students seeking to pursue an international academic career are supported throughout the job market process. Many oral and written communication skills trainings are offered and members of the department of economics help prepare students for interviews and seminars.  

Integration with the Economics Department

Students are affiliated with the  Department of Economics , which provides them with a workspace and the best environment for drafting their dissertation. A professor from the Department of Economics serves as a primary supervisor to help guide their research. Their dissertation committee includes two additional professors. 

Through the program’s seminars, doctoral workshops and research events, doctoral students fully participate in the Department of Economics’ activities. PhD students are in constant contact with the many invited professors. A very small number of applicants are admitted, allowing for greater attention and guidance for each student: an individualisation of each student’s path for the success of all.    

Structure of the program

The doctoral program in economics should ideally be completed in three years.

Candidates who do not yet hold a Masters degree must apply for the Masters in Economics.  Those who select this option will receive a “Masters in Economics” from Sciences Po at the end of their second year and will be able to apply to the PhD program.

Candidates who already hold a Masters degree in economics from Sciences Po or another world-class university may directly apply to the PhD program.

The 3 doctoral years:

During the three years devoted to the dissertation, PhD students are hosted by the Department of Economics and can pursue  study abroad at partner international universities such as Princeton University, the University of Chicago and the London School of Economics.

The department organizes an internal seminar at which students are invited to make presentations. They may also attend the department’s various other seminars.

See the "Admission to a PhD" page

All students admitted at the PhD level will receive funding. The salary is competitive compared to international standards.

Additional funding is available for exceptional students in economics, history and macroeconomics thanks to the Marie Curie Initial Training Network MACROHIST.

See the "Funding" page

Teaching Staff

The core of the teaching staff are professors of the Department of economics . Some invited professors also participate.

• Pierre-Philippe Combes Head of studies in Economics, CNRS Professor, Department of Economics Sciences Po
• Hadjila Nezlioui-Serraz Administrative Officer Tél : +33 (0)1 45 49 72 35

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INSIGHTS aims to build a bridge between academia, policy makers and the wider public.

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• PhD Program

The Berlin School of Economics PhD Program provides outstanding doctoral students with a vibrant, intensively networked research community. The program develops the students’ talents in a unique combination of a high-level, academic research environment together with applied, policy-oriented research opportunities. Students receive state-of-the-art coursework training and can select from a wide array of specializations. For each specialization, a professional research environment is provided by Berlin’s universities and economic research institutes.

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Course catalog

Program structure and curriculum

All PhD tracks offered in the PhD Program share the same structure and general curriculum. The program’s curriculum is divided into a qualification and a dissertation phase:

Qualification Phase

During the qualification phase (about three semesters), students acquire methodological and research-oriented training in mandatory course work in economic theory, applied economics, business studies, econometrics, and economic policy. Students define their research area and find supervisory support from two supervisors. They write research proposals that are discussed with faculty members individually and in seminars in order to provide early feedback on the scientific potential of research ideas. This is a central part of the PhD Program, in which the students have full flexibility in the choice of their research topics and of the supervisors. During this phase, students are funded through stipends that allow for this flexibility. In total, students have to complete a  minimum of 90 ECTS credits  in order to finish the qualification phase of the program.

Dissertation Phase

During the subsequent dissertation phase (about three years), students write a doctoral thesis while having the opportunity to apply their knowledge in the professional research environment that is provided at the Berlin universities and research institutes participating in the Berlin School of Economics. In this phase, students are typically employed at their supervisor’s chair or in research groups at research institutes.

The PhD will be awarded by one of the institutions in the Berlin School of Economics with the right to award doctoral degrees. In most cases, the PhD is awarded by the institution the student’s first supervisor is affiliated with.

The following chart gives an overview of the general structure of the PhD Program:

Researchers Guide

This guide includes academic advices from the researchers of the Berlin School of Economics.

Special thanks to the INSIGHTS Team, researchers of Berlin School of Economics, Agne Kajackaite, Aleks Zaklan, Alexander Kriwoluzky, Ally Xin Lin, Annekatrin Schrenker, C. Katharina Spieß, Christian Basteck, Ciril Bosch-Rosa, Dorothea Kübler, Francis de Véricourt, Georg Weizsäcker, Gyula Seres, Hande Erkut, Hannes Ullrich, Jana Hamdan, Levent Neyse, Lisa Bruttel, Lutz Weinke, Mira Fischer, Müge Süer, Nikolaus Wolf, Peter Haan, Robert Stüber, Sebastian Schweighofer-Kodritsch, Simone Maxand, Vincent Meisner, and Pablo Brañas-Garza.

You can download the web version

or print the printable version

Also note the compiled information on our website about support and resources, for example Mental Health.

Department of Economics

Phd programme in economics.

The PhD programme in Economics at Stockholm University is broadly considered one of the very best in Europe. The US-style programme is fully international in its orientation, and the vast majority of students enter the global economics job market.

Life as a PhD student at Stockholm University:

The PhD programme in Economics at Stockholm University is organised by the Department of Economics, in cooperation with the Institute for International Economic Studies, and the Swedish Institute for Social Research.

Stockholm University and Stockholm School of Economics collaborate by offering common courses for PhD students in economics and finance.

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Programme structure

You will study mathematics, microeconomics, econometrics, and macroeconomics, in total 60 out of 105 credits. All courses in year 1 are compulsory.

Year 2 and 3

You will take the remaining 45 credits during year 2 and 3. In addition to full sequences in development, labour, macroeconomics, and political economics, there are courses in finance, behavioural economics, trade, industrial organisation, etc., along with various methods-oriented courses.

There are also individual courses in public economics and international economics, as well as field-specific courses, where you formulate and carry out entirely new research projects. Historically, these projects have turned into many dissertation chapters, as well as top-tier publications.

Course details PhD programme

Thesis work and defence

The work on the thesis starts during year 2. Usually, you write a thesis consisting of a number of separate articles. The qualitative requirement is that each article should be publishable, but not necessarily published, in a refereed international journal.

The match between a graduate student and an advising team typically occurs sometime during the second or third year; the sooner students start considering possible advisors, the better.

When the thesis is ready and in print, it is publicly discussed and defended. The discussant must be an expert in the relevant field. The thesis defence is given a pass or fail grade. The decision of this grade is made by a committee consisting of three members. The discussant as well as the composition of the committee follows the guidelines of Stockholm University. The main supervisor proposes the discussant and the committee and the decision is made by the Faculty of Social Sciences at Stockholm University.

Collaborations

Stockholm doctoral course programme in economics, econometrics and finance.

The joint undertaking by Stockholm University and Stockholm School of Economics in offering common courses is called the Stockholm doctoral course programme in Economics, Econometrics and Finance (SDPE). This means that students at Stockholm University and Stockholm School of Economics have access to the same courses. Uppsala University is also part of the broader PhD course programme.

The PhD programme is also a part of ENTER

Center for monetary policy and financial stability

The Center for monetary policy and financial stability (CeMoF) is a collaboration between the Department of Economics, Stockholm Business School, and the Institute for International Economics Studies.

CeMoF's mission is to promote research and learning in the areas of monetary policy and financial stability. Affiliated PhD students are awarded a certificate from CeMoF.

Visit CeMoF for more information

Meet our PhD students

Students starting in 2023.

In September 2023 we had 16 new students. Here you will meet some of them:

Meet our new PhD students

Students starting previous years

Meet Thore Petersen, sharing his experience as a first-year student:

Meet Patrizia Massner, a third-year student:

Meet Ulrika Arhsjö, in her final year of the programme:

The graduate students' council

The official channel of communication between the graduate students and the department as well as other bodies of relevance.

Information and contact

Job placement for prior classes

Our graduates successfully continue to top job placements, in academia, governments, trade and industry, finance and banking. Find more here:

• How to apply

Application opens in October and closes on 31 January every year.

How to apply to the PhD programme in Economics

If you have any questions about the programme, please email:

[email protected]

• Visiting address

Södra huset A, room A763

Last updated: February 8, 2024

Source: Department of Economics

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UNIVERSITY OF COLOGNE

Faculty of management, economics and social sciences cologne graduate school in management, economics and social sciences, phd programme in economics.

The Cologne Graduate School (CGS) in Management, Economics, and Social Sciences offers a doctoral (PhD) programme with an integrated M.Sc. Economic Research. It consists of two stages:

• The first stage of the programme is the two-years M.Sc. Economic Research. It prepares students for high-level research in economics. It is fully taught in English.
• In the second stage, PhD students work on research projects for their dissertation and interact with other PhD students and faculty members in workshops, seminars, and summer schools.

The PhD Programme in Economics offers education, funding and supervision for research in all major fields of economics and related fields in management. It is a challenging and rigorous full-time programme in a friendly, supportive environment dedicated to excellence in teaching and research. Taking part in the graduate programme prepares students for academic positions at universities and institutions around the world as well as for top-level positions in internationally-orientated companies.

Applications for the graduated program can be either for the first stage (bachelor students) or for the second stage (master students). We invite applications of outstanding students who are close to finishing a bachelor's or master's degree in economics or a related discipline who count among the top 10% of graduates in their study programme.

Students with a bachelor's degree will enter the integrated graduate programme in the first stage via the M.Sc. Economic Research and can transfer to the second PhD stage after successful graduation of the M.Sc. Economic Research.

Students already holding a research-oriented master degree can directly enter the second stage. Students with a related master's degree without an explicit research focus (e.g. in economics, econometrics, finance, business administration, or math) attend one year of course-work before entering the second stage.

We offer funding and facilities for students at all levels. Specifically, grants are available for accepted students holding a master degree and for highly qualified applicants with a bachelor´s degree. Students who successfully passed the course-work and are admitted to the second stage can receive funding through CGS scholarships, positions financed through the excellence cluster ECONtribute or doctoral positions at the departments and chairs of the Faculty.

These doctoral students are also equipped with a workspace and computer devices at the beginning of second stage. Shared rooms with computer devices are also available for students in the first stage. Student housing is available for national and international bachelor and master students moving to Cologne. For more information regarding housing please consult the webpages of the Kölner Studierendenwerk .

The PhD programme in Economics is part of the Cologne Graduate School in Management, Economics, and Social Sciences (CGS). It closely cooperates with the following research centers at the University of Cologne and Key Research Initiatives of the Faculty of Management, Economics and Social Sciences:

Cluster of Excellence “ECONtribute: Markets and Public Policy”: The Cluster brings together outstanding researchers from economics and neighboring disciplines – management, psychology, political science and law – from the Universities of Cologne and Bonn, the Behavior and Inequality Research Institute (briq) and the Max Planck Institute for Research on Collective Goods, with the goal of establishing a leading international research center on markets & public policy.

Center for Social and Economic Behavior (C-SEB): The Center for Social and Economic Behavior (C-SEB) at the University of Cologne brings together Cologne-based researchers and international colleagues from economics, management science, and psychology who investigate the fundamental principles and behavioral mechanisms that affect social and economic behavior.

Behavioural Management Science (BMS): The WiSo Key Research Initiative Behavioural Management Science (BMS) brings together researchers that apply methods of behavioural economics and applied microeconometrics to advance our understanding of how management practices influence the behaviour of people in organisations and affect organisational performance.

Be part of the Cologne experience!

Programme doctoral EDEEM

Doctoral program edeem.

Admission is based on excellence, with about 25 students expected each year. Competitive scholarships are offered to students from all over the world. Applicants should have a Master's degree or equivalent. High focus is made on research, publication and presentation, with dedicated Jamborees and Summer Schools. 

Students have a mobility requirement in two "mobility" universities of the Consortium, two semesters in each. They are jointly supervised by two advisers from the mobility universities and a single defense is organized. After successful completion of the programme, the student could be awarded the "European Doctorate in Economics - Erasmus Mundus" joint degree, which is officially recognized as a national doctorate from the two mobility universities. This joint degree is agreed upon by four universities of the Consortium. As for the other partner universities, the student is awarded a double degree, which consists of two independent degrees awarded by the mobility universities.

The students have the opportunity to do an additional mobility of one semester in the EDE-EM network that gathers worldwide universities, firms, banks, insurance companies, from Australia, Czech Republic, China, Denmark, Japan, Korea, Russia, South Africa, Tunisia, and large private and public companies. The consortium is fully committed to the placement of students at the end of the programme.

EDEEM Website

Edeem study program in paris 1.

• Study program in D1
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Our PhD programme where PhD candidates are encouraged to do pioneering and innovative research under the personal supervision of internationally acclaimed top researchers. Our PhD candidates are employees of the school who receive a competitive salary and have access to all the benefits of working at a top-class university.

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PhD program in Economics

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The PhD program in Economics (240 ECTS) is a North American-style program with around 35 doctoral students. A specially designed course program, the Stockholm Doctoral Course Program in Economics, Econometrics and Finance (SDPE) , is organized by SSE jointly with Stockholm University for the PhD students in Economics and Finance. This joint undertaking has developed into one of the strongest doctoral course programs in Europe.

Many of our PhD students spend one or two semesters visiting other highly-ranked universities in the US and Europe. Did you know that SSE is also a member of the European Network for Training in Economic Research (ENTER) together with other top economics departments in Europe.

Research from SSE PhD dissertations is frequently published in leading journals, with the Economic Journal and the Journal of International Economics as recent examples. Our graduates have landed a variety of jobs, including tenure track assistant professor positions (e.g. at the Ludwig Maximilian University in Munich and Singapore Management University), policy organizations (ECB and the Swedish Ministry of Finance), and the private sector (e.g. at Goldman Sachs).

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We have specialized research areas in:

• Applied Econometrics
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• Macroeconomics
• Microeconomics

Best Universities for Economics in Europe

Updated: February 29, 2024

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Below is a list of best universities in Europe ranked based on their research performance in Economics. A graph of 60.9M citations received by 3.12M academic papers made by 1,366 universities in Europe was used to calculate publications' ratings, which then were adjusted for release dates and added to final scores.

We don't distinguish between undergraduate and graduate programs nor do we adjust for current majors offered. You can find information about granted degrees on a university page but always double-check with the university website.

1. University of Oxford

For Economics

2. University College London

3. London School of Economics and Political Science

4. University of Cambridge

5. University of Manchester

6. University of Amsterdam

7. Catholic University of Leuven

8. Imperial College London

9. Erasmus University Rotterdam

10. King's College London

11. University of Warwick

12. University of Edinburgh

13. University of Nottingham

14. University of Sheffield

15. University of Copenhagen

16. University of Bristol

17. University of Leeds

18. University of Birmingham

19. University of Southampton

20. Utrecht University

21. Swiss Federal Institute of Technology Zurich

22. University of Sussex

23. University of Groningen

24. Tilburg University

25. University of York

26. Lund University

27. Aarhus University

28. University of Glasgow

29. Maastricht University

30. University of London

31. University of Oslo

32. University of Zurich

33. Stockholm University

34. Delft University of Technology

35. Newcastle University

36. Uppsala University

37. Lancaster University

38. Cardiff University

39. University of Liverpool

40. Free University Amsterdam

41. Wageningen University

42. Radboud University

43. University of Helsinki

44. University of Bologna

45. Durham University

46. Ghent University

47. University of Gothenburg

48. Leiden University

49. University of Exeter

50. Sapienza University of Rome

51. University of East Anglia

52. University of Reading

53. Queen Mary University of London

54. University of Vienna

55. University of Strathclyde

56. University of Essex

57. University College Dublin

58. University of Leicester

59. Pierre and Marie Curie University

60. Catholic University of Louvain

61. Bocconi University

62. Goethe University of Frankfurt am Main

63. University of Hamburg

64. Norwegian University of Science and Technology

65. University of Lisbon

66. University of Bonn

67. University of Padua

68. Karolinska Institute

69. University of Bath

70. London Business School

71. Autonomous University of Barcelona

72. Loughborough University

73. Heidelberg University - Germany

74. University of Munich

75. Federal Institute of Technology Lausanne

76. University of Aberdeen

77. Technical University of Munich

78. Copenhagen Business School

79. University of Twente

80. Polytechnic University of Milan

81. Trinity College Dublin, University of Dublin

82. University of Antwerp

83. City, University of London

84. University of Geneva

85. KTH Royal Institute of Technology

86. Free University of Brussels

87. National Research University Higher School of Economics

88. University of St. Gallen

89. Linkoping University

90. University of Surrey

91. Brunel University London

92. Pompeu Fabra University

93. Free University of Berlin

94. University of Barcelona

95. University of Milan

96. Queen's University Belfast

97. University of Kent

98. Humboldt University of Berlin

99. Umea University

100. Stockholm School of Economics

Economics subfields in Europe

• CEU PU - Deutsch
• Közép-európai Egyetem
• PhD in Economics

Doctor of Philosophy in Economics

• MA in Economics, Data, and Policy 2 year program (NEW!)
• MA in Economics, Data, and Policy 1 year program (NEW!)
• MA in Economics
• MA in Economic Policy in Global Markets
• MS in Business Analytics
• MS in Finance
• PhD in Business Administration
• Regulations
• Admission Requirements
• Job Market Candidates
• Past Placements
• KEE Doctoral School
• BA in Philosophy, Politics & Economics
• BA/BSc in Data Science and Society

The PhD program in economics prepares you to conduct cutting-edge original research addressing the fundamental economic questions of our time.  Learn the skills of leading economists, choose from many specializations, and develop your own research program.  You can utilize your knowledge in faculty positions in academia, in governmental organizations, as well as in the private sector.

At a glance:

• One or two years of coursework on state-of-the-art knowledge and skills.
• Independent research period guided by faculty members.
• Tuition waiver and a generous stipend for all students.

You will take courses taught by internationally recognized faculty with PhD degrees from some of the world’s leading universities, including Harvard, MIT, and Princeton.  After choosing two fields of specialization, you will select an advisor from these faculty members to guide you as you hone your skills and develop your own research program. 

Fast transition to research, close supervision:  

• Low coursework for students from qualified MA programs. Extensive coursework reduction for graduates from  MA in Economics at CEU .    
• We expect that you have taken core courses in a research-oriented MA program. If you have insufficient training, we encourage you to apply to  MA in Economics  first and opt for the research track once you are admitted.  
• High faculty-to-student ratio. Supervision by researchers  working on the cutting edge of their fields .  
• Regular one-on-one coaching in presentation skills.  
• Access to detailed micro-level datasets on the region and the related institutional knowledge.  
• Seminar series  hosting top researchers  in  a variety of fields.  

Placements in academia, policy and private sector:  

As a PhD economist, your skills will be in high demand from many different types of organizations.  You can become a faculty member at a university, a researcher at a central bank or other national or international governmental organization, or a consultant or other professional in the private sector.

Program Heads:  Prof. Andrea Weber  (for the U.S. and Austrian accredited program) and  Prof. László Mátyás  (for the Hungarian accredited program).

Program Administrator: Zsuzsanna Bordas (room: QS B-507, email: [email protected] )

Master's Degree in Economics and Finance: PhD Track Program

Applications for the 2024-2025 edition are now closed

Please contact our Admissions Team if you have any questions.

Program Director

Davide Debortoli

PhD, Universitat Pompeu Fabra

ICREA-UPF, CREI and BSE

See all faculty below

The PhD track of the Master's Degree in Economics and Finance is the first year of the PhD program at Universitat Pompeu Fabra

Launched in 1993 and currently organized jointly by the UPF Department of Economics and Business and BSE, the  UPF PhD Program  attracts students of exceptional talent and provides a strong foundation, a stimulating environment, and worldwide placement in the most prestigious institutions, research centers, and universities. 

The PhD Track Program is Year 1 of the UPF PhD. Upon completion of the PhD Track Program, graduates are awarded the BSE Master's Degree in Economics and Finance and proceed to Year 2 of the PhD (detailed in the schedule below).

Study with accomplished research faculty

Courses in the PhD Track Program are designed and taught by  BSE Affiliated Professors  at the UPF Department of Economics and Business and the Center for Research on International Economics (CREI) , two of Europe's top research groups.

Among them are recipients of ERC Grants and other competitive international funding, authors of publications in top journals, and fellows of the Econometric Society and NBER, to name just a few of their accomplishments. They will be your teachers, your mentors, your thesis supervisors, and down the road, your colleagues.

Additional entry requirements for this program

Because this is a PhD-track program, applicants must: 

• Submit a GRE score to be considered for admission. (GRE is not required to apply to other BSE Master's programs.)
• Complete 4 years of university study before starting this program.

Program schedule: 

Upf phd program structure.

• Year 1: Compulsory core courses in Econometrics, Microeconomics and Macroeconomics (BSE PhD Track Program)
• Year 2: Coursework that prepares students to conduct research (UPF Master of Research - MRes)
• Years 3-5: Research and PhD dissertation This stage typically lasts 4 years, but shorter and longer intervals are not uncommon.

Year 1: BSE PhD Track Program (Master's Degree in Economics and Finance)

COURSEWORK IN MACRO, MICRO, AND ECONOMETRICS

The course offer displayed is for next year's edition. Course offer is subject to change.

Course list for current students

Master project

The master project is a required component of all BSE Master's programs. Working individually or in groups, students use the tools and knowledge they've acquired during the entire year to explore a topic of their choice. A professor supervises throughout the project.

Examples of master projects from previous cohorts:

Topics Related to Economics and Mental Health

Estimating causal effects in the absence of treatment observability, migration shocks and occupational downgrading: evidence from venezuelan migrants in chile, import price inflation following the 2021 suez canal blockage: (for)ever given or transitory.

After successful completion of Year 1, students are awarded the Master's Degree in Economics and Finance by BSE and Universitat Pompeu Fabra.

Year 2: UPF Master of Research in Economics, Finance and Management (MRes)

COURSEWORK THAT PREPARES STUDENTS TO CONDUCT RESEARCH

A variety of specialized elective courses taught by faculty of the UPF Department of Economics and Business and CREI will present students with cutting-edge research, help them find topics for their own research, and put them in contact with potential thesis directors.

Visit the UPF Department of Economics and Business to see a list of MRes courses

The department's broad workshops and seminar series complement the coursework with exposure to the latest research presented by renowned speakers from the best institutions around the world.

Upon successful completion of Year 2, students are awarded the Master of Research in Economics, Finance and Management (MRes) by Universitat Pompeu Fabra.

Years 3-5: UPF PhD in Economics, Finance, and Management

RESEARCH AND PHD DISSERTATION

Students conduct research under the guidance of the faculty of the UPF Department of Economics and Business and CREI. This stage typically lasts four years, but shorter and longer intervals are not uncommon.

After successful defense of the thesis, students are awarded the PhD in Economics, Finance and Management by Universitat Pompeu Fabra.

Degrees awarded

Both the BSE Master's Degree and the UPF Master of Research have been recognized by the Catalan and Spanish Education authorities within the framework of the Bologna Process (in Spanish, “Master Universitario o Master Oficial”).

The UPF PhD has been recognized by the Catalan and Spanish Education authorities (in Spanish, “Programa Oficial de Doctorado”).

Quality indicators for the BSE Master's Degree

UPF PhD Faculty

The teaching faculty for Year 1 are listed below. A full list of UPF Department of Economics and Business faculty members for all 5 years of the PhD program is available on the department website.

View a list of faculty for all 5 years of the PhD

Geert Mesters

PhD, VU University Amsterdam and Tinbergen Institute

UPF and BSE

Elisa Giannone

PhD, University of Chicago

CREI and BSE

Jaume Ventura

PhD, Harvard University

CREI, UPF, and BSE

Larbi Alaoui

PhD, University of Pennsylvania

Christian Brownlees

PhD, University of Florence

Isaac Baley

PhD, New York University

Edouard Schaal

PhD, Princeton University

CREI, UPF and BSE

Antonio Penta

ICREA-UPF and BSE

Katerina Petrova

PhD, Queen Mary University London

UPF and BSE - on leave

Jordi Galí

PhD, Massachusetts Institute of Technology

Priit Jeenas

Alexander Frug

PhD, Tel Aviv University

PhD Track Student Profile 2023-24

21 students from 10 countries (90% international)

Most represented countries this year: 

• Spain and India (2 students each)

Most common undergraduate backgrounds:

• Economics and Finance

Build your career and your network

In addition to a track record of strong placements, both the BSE Master's program and the UPF PhD program offer access to a close-knit community of colleagues, mentors, and friends for life.

UPF PhD placement examples

Past graduates of the UPF PhD program have obtained tenure-track positions in:

United States Chicago, Duke, NYU, Stanford, UC San Diego

Europe Bocconi, Bonn, Carlos III, Cemfi, ESADE, IESE, IIES-Stockholm University, LSE, Mannheim, Nova de Lisboa, Oxford, Tilburg, UCL, Warwick, Zurich

Latin America ESPOL, ITAM, Pontificia Universidad Católica del Perú, Universidad de Los Andes

Asia Singapore Management University, Shanghai University of Finance and Economics, Zhejiang University

Some UPF PhD graduates choose employment with organizations and companies such as:

Central Banks Banca d’Italia, Bank of England, Federal Reserve Board, Bank of Canada, Deutsche Bundesbank, European Central Bank, etc.

International Organizations International Monetary Fund, the World Bank, Inter-American Development Bank

Economic Consulting Firms NERA, Deloitte, JP Morgan

See all UPF PhD placements by year (UPF website)

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The European Doctoral Program in Quantitative Economics

A long-running  network of six of the top Economics Departments  in Europe allowing for the exchange of their PhD students for a period between three months and one year.  

This is  an exchange programme for PhD students  who are  already enrolled in one of the partner institutions. Its aim is to allow PhD students to benefit from these institutions’ strengths in the various research areas of economics. PhD degrees are awarded by the applicant’s home institution. In addition, the network provides a certificate stating that the degree is awarded under the European Doctoral Program. 

EDP students are required to spend at least three months abroad in an EDP institution different from that in which they are registered. EDP exchanges typically do not come with any fee requirement from the host institution, and students may be able to access the host institutions’ student housing. However, the host institutions do not provide any funding for the visit (these exchanges are typically funded by programs in the student’s home institution or by applications for research funding). 

The spirit of the program is to  encourage the European mobility of PhD students  and by doing so help them to produce better research. Students will be provided with office space in the host institution, have access to all seminars and workshops, and will have a named local researcher as their contact in the host institution. EDP students are also encouraged to take an active role in local research activities, including seminar presentations and joint research projects. Last, all EDP students will take part in the annual EDP Jamboree, a two-day workshop with other EDP exchange students that takes place annually in one of the EDP Member Institutions, and present at least once. 

Member institutions

Université catholique de Louvain – Economics School of Louvain (Belgium)  

Paris School of Economics (France)  

University of Bonn – Bonn Graduate School of Economics (Germany)  

European University Institute, Florence – Economics Department (Italy)  

Universitat Pompeu Fabra, Barcelona – Department of Economics and Business (Spain)  

Exchange partner :   

Tel Aviv University – The Eitan Berglas School of Economics (Israel)  

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Economics PhD programs in Europe: Completion times and job placement

• School of Economics
• Bristol Poverty Institute

Research output : Contribution to journal › Article (Academic Journal) › peer-review

• Completion times
• Economics education
• Graduate studies
• Job placement

Access to Document

• https://doi.org/10.1080/00220485.2022.2111382 Licence: CC BY
• Persistent link

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• Median Economics, Econometrics and Finance 100%

T1 - Economics PhD programs in Europe: Completion times and job placement

AU - Abraham, Arpad J

AU - Dengler, Benedikt

AU - Ziesemer, Vinzenz

PY - 2022/10/1

Y1 - 2022/10/1

N2 - Stock, Finegan, and Siegfried establish that completion times in U.S. economics PhD programs have been on the rise, with the median steadily approaching six years. Do European programs experience the same trend? The authors of this article present new hand-collected data on job market candidates from the top European PhD programs in economics. In the past five years, completion times have been rising steadily, and the median is now approaching six years. Empirical evidence suggests that a shorter PhD duration is statistically associated with less prestigious placements. The authors further investigate how PhD duration and placement prestige vary with personal researcher characteristics such as gender or field of undergraduate studies.

AB - Stock, Finegan, and Siegfried establish that completion times in U.S. economics PhD programs have been on the rise, with the median steadily approaching six years. Do European programs experience the same trend? The authors of this article present new hand-collected data on job market candidates from the top European PhD programs in economics. In the past five years, completion times have been rising steadily, and the median is now approaching six years. Empirical evidence suggests that a shorter PhD duration is statistically associated with less prestigious placements. The authors further investigate how PhD duration and placement prestige vary with personal researcher characteristics such as gender or field of undergraduate studies.

KW - Completion times

KW - Economics education

KW - Europe

KW - Graduate studies

KW - Job placement

U2 - https://doi.org/10.1080/00220485.2022.2111382

DO - https://doi.org/10.1080/00220485.2022.2111382

M3 - Article (Academic Journal)

SN - 2152-4068

JO - Journal of Economic Education

JF - Journal of Economic Education

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• Study in Europe /

PhD in Economics in Europe

• Updated on  
• Jan 4, 2024

Are you considering pursuing a PhD in Economics in Europe? Then you’re in the right place! Europe is home to some of the world’s most prestigious universities that offer doctoral programs in economics. The Doctoral Programme in Economics (DPE) at the University of Helsinki is one such program that promotes doctoral education in economics by providing courses and seminars based on a program launched in 1990. Similarly, there are many such universities across the continent offering doctoral programs in Economics at affordable fees. Read on to know more about pursuing an Doctorate in Economics in Europe!

This Blog Includes:

Phd in economics in europe: overview, phd in economics: the course, why choose europe for phd, top universities for phd in economics in europe, phd within the framework of the european higher education area, cost of phd in economics in europe, careers and scope.

A PhD , also known as a Doctor of Philosophy degree, is a doctorate awarded by a university to an academic who has completed all required qualifications and is now considered a doctor in his or her academic field. Those who study economics first learn the distinctions between microeconomics and macroeconomics. Microeconomics is concerned with the behaviour and interactions of individual markets, such as households and firms. On the other hand, macroeconomics is focused on the state of the economy as a whole. Over 4,000 higher education institutions are located in Europe, ranging from world-class research organizations to small, teaching-focused universities. Europe, which expands from the Arctic Circle to the African coast, is not unlike other continents.

• A PhD in Economics typically includes coursework in both macroeconomics and microeconomics. However, if you want to teach or conduct formal research in economic subjects, this is a useful degree. Once the proposal is approved and the oral exam is passed, the final years of enrollment are devoted to dissertation research, writing, and defence.
• The major opportunity in the field of Economics is that it is primarily involved in research. A PhD degree should be pursued only if a person has a strong interest in research-oriented work. PhDs are typically pursued by individuals involved in the academic field. This may lead to a better understanding of the specific field or subject.
• After completing the PhD in Economics course, students will be able to understand a wide range of theoretical debates in economics and business, analyse economic problems, and evaluate the implications for economic policy and business planning and strategy.
• Most economist jobs require a master’s degree or a PhD in Economics. For advancement to higher-level positions, an advanced degree is sometimes required.

Also Read: Find the Best PhD in Europe to Study

Europe is a popular destination for postgraduate study. There are numerous reasons why people choose to pursue their master’s or PhD programme in Europe, not the least of which is Europe’s excellent reputation in terms of high educational standards, as well as the general way of life, vast amounts of choices and options, and cultural diversity. Here are some of the main reasons why you should pursue your PhD in Economics in Europe:

• Great Experience

Many students choose to pursue a postgraduate degree in Europe because of the overall experience it can provide. The ability to get cheap trains and flights to visit a variety of countries within Europe during a free weekend or the Christmas or Easter holidays is one of the benefits. If you live and study at a university in Europe, the rest of the continent is right on your doorstep, waiting to be explored.

• Quality of Education

Europe’s university quality is extremely high, with some of the world’s top-ranked institutions such as University College London, the University of Cambridge, and the University of Oxford in the United Kingdom. These universities, along with many others in Europe, are all held in high regard around the world and demonstrate Europe’s ability to provide an exceptional standard of teaching for postgraduate students.

• Budget Friendly

Pursuing a master’s degree or PhD programme in Europe can also be financially advantageous because tuition fees can be much lower than those in other countries such as America. Postgraduate course fees in Europe typically range from €5,000 (INR 4,10 Lakh) to €25,000 (INR 20.5 Lakh), depending on the university’s status and the course topic. Most postgraduate courses for international students cost €15,000 (INR 12.3 Lakh), which is significantly less than those in the United States.

• Possibilities for employment

Studying in a European city is advantageous for your future career because their student populations are large and diverse. This gives the postgraduate student a broader life experience while also providing excellent networking opportunities. Potential employers are well aware of the high quality of higher education institutions in Europe, which can undoubtedly help you along your chosen career path. Your chosen European university is likely to impress potential employers, which can help you advance your career.

According to the most recent international rankings, the following are the best economics schools for PhD in Economics in Europe:

• London School of Economics and Political Sciences (LSE), UK
• University of Oxford, UK
• University of Cambridge, UK
• University College London (UCL), UK
• Bocconi University, Italy
• University of Warwick, UK
• Tilburg University, Netherlands
• University of Zurich, Switzerland
• London Business School, UK
• ETH Zurich, Switzerland

EHEA is a network of 48 countries that use the same university degree system. It consists of all 28 EU members (including the United Kingdom) as well as other countries from Europe and Eurasia.

The Bologna Process, which was signed in 1999 at the University of Bologna (Europe’s oldest university), is followed by all EHEA members. This divides academic degrees into three categories:

• Bachelor’s degrees are first-cycle degrees that typically take 3 years to complete. 
• Master’s degrees are second-cycle degrees that typically last 2 years.
• Doctorates (such as PhDs) are third-cycle degrees that typically take three to four years to complete.

Academic degrees obtained in one EHEA country are automatically recognised in others. This makes studying abroad in different parts of Europe or working in another European country with your doctorate much easier.

According to the National Center for Education Statistics, a PhD in Economics in Europe costs an average of $19,314 (INR 15.9 Lakh) per year. This amount represents the average graduate tuition charged by both public and private institutions between the years 2018 and 2019. Tuition fees vary by school, and private universities are frequently more expensive than public universities.

Also Read: PhD in Germany

A PhD in Economics in Europe will provide you with career stability and financial security. Career opportunities in economics are excellent, as employment in these fields is expected to grow faster than the national average. Continue reading for a list of some of the best PhD in Economics jobs for graduates, as well as an overview of their annual salaries. According to PayScale, the average salary for someone with a PhD in Economics is $110,000 (INR 90.66 Lakh) per year. This value varies depending on your career path, the company you work for, and even the industry in which you work.

A PhD in Economics in Europe is well worth the investment. Obtaining a PhD in economics is an excellent way to gain valuable skills for the econ job market, improve your overall communication, and ensure financial security and stability throughout your career.

Economics PhD graduates have the option of conducting research and teaching in prestigious institutions, prestigious government positions, or ongoing work at some of the highest-paying private institutions.

Relevant Reads:

Many universities depend on outside funding to establish PhD positions. External funding is frequently provided in the form of research grants for specific research projects. The European Commission and national scientific research councils are two common funding sources.

In general, a PhD in Europe takes at least four years to complete, though there are three- and five-year programmes, as well as part-time options.

In Europe, the average monthly minimum salary for a PhD student is €2,600. It is important to note that this figure includes all disciplines, not just science and engineering.

Consider an economics PhD if you want to work in research, are good at math (i.e., quant GRE score above 165), and have a demonstrated interest in economics research.

To help you shortlist colleges/universities in Europe or any other country, please contact Leverage Edu . You can also call us at 1800 57 2000 for a free 30-minute counselling session.

Vidisha Dewan

Graduated with English as a major, I’m a writing enthusiast. Writing helps me blend my passion and profession to achieve creative satisfaction. I am an opinionated person, but always open to change. Try to keep my work surroundings creative and fun, with a space for constructive feedback.

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I would like to apply to be a student in the PPD Master’s Program. How do I proceed? All applications must be submitted using the PSE Application regardless of your profile, nationality, etc. Please be warned that any application that is not fully completed before the deadline will result in an automatic deletion of your application and all associated files.

Students from Ecole des Ponts ParisTech can be admitted directly to the second year of the Master PPD according to their previous education, but they also have to submit their applications on PSE Application .

• Download the list of required documents for the PPD - PSE application.

Complementary Information: Ideally applications must be made in English, but we can also accept them in French. Official translations of all documents in languages other than French or English are required*. The translations must be made by official translators, you cannot do it on your own. On the other hand, there’s no need to add an “apostille” or to have them notary certified.

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* We can exceptionally accept transcripts in Spanish, Italian or Portuguese for the applications process, but please note that if you are accepted to the program you will most likely be requested to eventually hand in these documents in French.

Note : you can apply both in APE and PPD programs, however within each program you can only submit one application in 1st year (M1) or 2nd year (M2); in other words, you must choose carefully between M1 and M2.

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NOTA BENE: It is not possible to release results earlier. No exception.

Minimum requirements for entering into the Masters Programme

Pre-requisites for entering the M1 :

• A Bachelor’s degree in economics , with good knowledge of micro, macro and econometrics. We are very interested with Bachelors in other fields, but you must show that you have the skills to take technical lectures in economics.
• In English. Non-native english speaker applicants must include with their application file a certificate of competence in English (TOEFL, IELTS, TOEIC, Cambridge ESOL). We demand level C1 (see the table of equivalences). Applicants who have finished international training in courses certified in English are exempted from this requirement. However, in this case we need a letter from the administrative office of your universities mentioning that the language of instructions of your courses was English. If you have studied in an Anglophone country, there is no need for any document of course.
• A strong level in mathematics. The required level of mathematics corresponds to appendices B and C of the book: “Introductory Econometrics” of J. Wooldridge. These appendices include some exercises that you are strongly advised to try before applying.
• The M1 is very demanding : you will have many assignments, tutorials and projects each week. Be ready to work every day after class including most of the week-end and the holidays. There will be at most one week revision break before the exams: you are expected to be able to organize yourself during the year and work for the exam while learning new materials and preparing your assignments.
• Upon admission, you will be required to validate your knowledge in Statistics and Microeconomics using an online platform , Didask. This online platform provides tests and exercises meant to refresh your memory before school starts. This is not a course: you are assumed to know these notions already and work on a series of (sometimes tough) questions while referring to a textbook or a previous course. Please organize your summer break schedule accordingly.

Pre-requisites for entering the M2 : A few applicants can enter directly into the M2 year, if they have already taken and passed coursework that provides a level of preparation equivalent to that of Year 1 of the PPD Program (in microeconomics, macroeconomics, econometrics and public policy evaluation).

Candidates requesting an extra year to complete the masters

The PPD Master is a full-time program. It is not possible to do it in parallel with a second program during the same academic year or to do it as an “alternance”. There is no distance learning option or a night program. In certain situations (other than those listed above), it is possible to arrange the student’s education by granting an additional year to complete their Master’s degree (i.e. a three-year Master). Candidates wishing to benefit from this arrangement must clearly state this in the application process.

Regarding the admission process

All candidates are individually evaluated by the admissions committee. Each file is individually reviewed by faculty members and debated upon during the admission committee meeting.

Each year we offer about 30 slots in the first year of the PPD masters program and between 5 and 10 for candidates applying for a direct admission into the second year. Among all the applications we receive each year, including candidates from partner institutions, on average, about 10% is successful for the M1; the same percentage applies for the M2. The committee can also extend an offer of admission into M1 for candidates applying into M2 if their academic curriculum does not meet the requirements of a direct admission into the second year.

Formal Registration

All admission is conditional upon obtaining the degree required for admission into the masters year requested. Proof of having obtained the necessary diploma will be asked for during registration (inscription administrative) in September. From a formal viewpoint, PPD Master students are registered at the Ecole de Hautes Etudes en Sciences Sociales . Students who belong to Ecole normale supérieure or received a L3 from a PSL institution (such as Paris-Dauphine or CPES) register at PSL; students who belong to Ecole nationale des Ponts et Chaussées register in that school.

Registration fees

The university fees are annual and set by the Ministry of Higher Education and Research in France. In 2019 the French government has voted a law that stipulates an increase in the registration fees up to € 3,770 for the Master’s degree for international students coming from outside the European Union and who were not registered previously in France at the master level.. However, our partner institutions have been able to exempt international students from paying the full fees this academic year: they gave a waiver and allowed all students to pay the same amount as the EU students: 243 euros per year (plus a 90 euros contribution to the CVEC).

Our partner institutions are willing to do the same again in 2024-25. We will update the website as soon as we get a confirmation (usually around March-April 2024).

Funding opportunities

: The PPD master offer a few scholarships to M1 students who are (exclusively) citizens of a middle or low-income country ( see the list of eligible countries ), conditional on their financial resources.

The amount of the scholarship is 15,000 euros, 9,000 euros received in M1 for the whole year and 5.000 euros received in M2, the latter under the condition of full completion of the M1 within a year and provided that the financial situation has not improved.

Eligible candidates can apply to this scholarship while applying to the PPD program. To do so, in the “about your application”, tick “yes” to the “do you wish to apply to the PSE scholarship” and upload the required documents:

• a personal statement mentioning very carefully your family and own resources
• official documents justifying those resources (pay sheets, tax statements, former scholarship entitlement, etc.) More information in the document "Funding opportunities for Foreign Students"

External Students

The courses offered by the PPD graduate program are open to the students registered into the Masters program. However, if space availability allows it, some M2 courses can also be open to:

• students registered in programs of the partner institutions,
• PhD students who wish to validate courses of the Masters for their PhD

If you are interested in attending some of the courses offered by the PPD program, please contact the secretariat. ( master-ppd at psemail.eu )

Studying at PSE while joining the École Normale Supérieure-PSL with a scholarship

Every year, the École normale supérieure of Paris (ENS-PSL) selects foreign students under its International Selection program. At the time of application, those students should be engaged in the final year of their licence/bachelor in Economics outside of France. Admitted students receive a monthly scholarship of about 1,000 euros for three years, have a personal tutor, and benefit from all of the ENS resources, including access to the ENS PhD scholarship program.

The Economics Department of ENS is closely linked with the Paris School of Economics (and is located in the same building). The Department seeks to recruit economists under the International Selection program. During their first year at ENS, they will have the opportunity to strengthen their knowledge in economics, follow courses in other departments, and complete « opening experiences » (internships, research experience, etc.), as part of the ENS diploma. During their second and third years, they study in the PSE master programs (APE or PPD), and take complementary courses at ENS.

Although admission criteria are very similar, the International Selection program is independent from the admission procedure at PSE. Yet, students admitted to both programs may postpone (for one year) their admission in the master, to follow the first year at ENS. Please find more information on the International Selection webpage . Be careful that applications to the International Selection must be completed during the Fall of the previous academic year, that is earlier than applications to PSE’s master programs. For students enrolled in a French degree, another admission procedure to the ENS is the Concours Normalien Étudiant .

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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

• How do different public housing programs affect the children who live there? 
• Does a certain type of law encourage businesses to innovate? 
• How will a change in the interest rate affect inflation and unemployment rates? 
• How much does affordable health insurance improve people’s health? 
• How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

• Coursework Appendix

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

You may also be interested in: AEA: Resources for Students

PREDOC: Guidance for Undergraduates

RA Positions-Not at the NBER

Disclaimer The views expressed in this post are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).

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In the U.S., the average starting salary for college graduates is around $59,000. However, according to the National Association of Colleges and Employers , computer science majors were projected to have the highest starting salaries for 2022, with an expected average over $75,000.

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What is a bachelor’s degree in business.

A bachelor's degree in business is an undergraduate program that involves studying marketing, finance, accounting, management, economics, and entrepreneurship, among other subjects. It’s a well-rounded degree that emphasizes skills such as critical thinking, communication, innovation, and leadership, all of which can lead to versatile careers across many industries. Learn more about whether a business degree is worth it .

What is an MBA?

A Master of Business Administration (MBA) is a graduate program in business and management that emphasizes leadership and managerial skills. In an MBA program, you'll learn fundamentals such as finance, marketing, and organizational behavior, while building skills in communication, leadership, and strategic thinking, among other areas. Learn more about why getting an MBA can be a worthwhile endeavor.

How do I choose the best online business degree for my goals?

On Coursera, you’ll find online business degrees at both the undergraduate and graduate level. To figure out which one might be best for you, it helps to first understand why you want to earn a degree and what you hope to get out of your education.

Beyond your larger goals, consider what you’ll learn and how you’ll learn it, as those factors can be important when it comes to determining the best program for you. Take time to review the various business degree options on Coursera, paying particular attention to the “Academics” and “Student experience” sections for more information.

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Earning your business degree from a leading university on Coursera means experiencing greater flexibility than in-person degree programs, so you can learn at your pace around your other responsibilities.

Once enrolled in your program, you may find a range of learning options, including live video lectures that encourage you to collaborate and self-paced courses that give you greater independence. Moreover, throughout your learning journey, you'll have access to a dedicated support team, course facilitators, and a network of peers to help you achieve your academic goals. Learn more about the benefits of learning online .

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