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Best Doctorates in Economics: Top PhD Programs, Career Paths, and Salaries

Raquel Santos - May 29, 2022


If you’re a graduate student and interested in pursuing an advanced study in the field of economics, you should start researching the best PhDs in Economics. By enrolling in an economics PhD program, you’ll be getting an in-depth education on past and current economic trends.

In this article, we’ll try to help you choose the right PhD in Economics by going over some of the best programs in the United States. We’ll also cover some of the highest-paying economics jobs on the market and provide an overview of the PhD in economics salary possibilities.

What Is a PhD in Economics?

A PhD in Economics degree is an advanced doctoral degree program that studies the distribution and consumption of goods and services. Economics classes teach students to analyze small-scale and global-scale economic factors to make predictions for future markets.

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The main goal of economics departments in PhD programs is to teach students how to help different institutions improve and optimize their economic actions. Through a mix of teaching, research, and a heavy course load, economics grad students will perfect their quantitative skills and learn to make decisions that increase the profitability of the organizations they work for.

How to Get Into an Economics PhD Program: Admission Requirements

The admission requirements to get into an economics PhD program include a bachelor’s degree in a related field and a minimum 3.0 GPA. Other admission requirements can include GRE exam scores, letters of recommendation, a statement of purpose, and a resume. Admissions counselors will look at a student’s comprehensive experience before grad school.

Different schools have other specific admission requirements for their economics PhD programs, but all international and English as a second language-speaking (ESL) students will have to submit proof of English proficiency in the form of Test of English as a Second Language (TOEFL) exam scores.

PhD in Economics Admission Requirements

  • Bachelor’s or master’s degree in a related field
  • Minimum 3.0 GPA
  • GRE test scores (optional for most schools)
  • Two to three letters of recommendation
  • Proof of English proficiency (for ESL and international students)
  • Statement of purpose
  • Resume
  • Previous knowledge in math-intensive subjects, such as economic theory, statistics, mathematics, differential and integral calculus, and linear algebra

Economics PhD Acceptance Rates: How Hard Is It to Get Into a PhD Program in Economics?

It can be very hard to get into economics PhD programs. Economics PhD acceptance rates vary between 2.4 and 7.4 percent. At Johns Hopkins University, for example, only 12 students are selected to enroll in the Economics PhD program out of more than 500 applications.

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Best PhDs in Economics: In Brief

School Program Online Option
Arizona State University PhD in Economics Yes
Colorado State University PhD in Economics No
Drexel University PhD in Economics No
Johns Hopkins University PhD in Economics No
Kansas State University PhD in Economics No
Oregon State University PhD in Applied Economics No
Syracuse University PhD in Economics No
University of Maryland PhD in Economics (ECON) No
University of Utah PhD in Economics No
West Virginia University PhD in Economics No

Best Universities for Economics PhDs: Where to Get a PhD in Economics

The best universities for PhD economics programs include Arizona State University, John Hopkins University, Syracuse University, and Drexel University. These schools will adequately equip you with the economic knowledge and skills needed to ensure you are ready for a well-paying job in the economics career path of your dreams. Continue reading for all you need to know to prepare for grad school at one of the top Phd in Economics degree programs.

1

Arizona State University

Tempe, AZ

Arizona State University is a public research university founded in 1886. It is considered one of the best institutions for superior education. ASU offers more than 400 graduate degree programs led by experts and has been ranked as the nation’s most innovative university by US News & World Report .

PhD in Economics

This economics PhD program provides training in microeconomic and macroeconomic theory, applied economics, and econometrics. Classrooms are relatively small, with about 45 graduate students, to facilitate mentoring and provide greater faculty attention within the department of economics. The program prepares students for teaching and research positions in the field of economics.

PhD in Economics Overview

  • Program Length: 5 years
  • Acceptance Rate: Not stated
  • Tuition: $ 858/credit (in state); $1,361/credit (out of state)
  • PhD Funding Opportunities: National Science Foundation Graduate Research Fellowship, graduate teaching assistantships

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Graduate admission application and application fee
  • Official transcripts
  • GRE scores
  • Three letters of recommendation
  • Resume
2

Colorado State University

Fort Collins, CO

Colorado State University was founded in 1870. It is a public land-grant research university and is considered the flagship university of the Colorado State University System. It offers several programs and certificates across many fields and has over 7,000 enrolled graduate students.

PhD in Economics

This economics doctoral program offers meticulous training and teaches research methods in the many different areas of economics. These math intensive classes include microeconomic theory, macroeconomic theory, and econometrics. This econ program requires a minimum of 72 credits and allows students to focus on different areas like environmental, international, political, Keynesian, feminist, or regional economics.

PhD in Economics Overview

  • Program Length: 5 years
  • Acceptance Rate: Not stated
  • Tuition: $601.90/credit (in state); $1,475.80/credit (out of state)
  • PhD Funding Opportunities: Graduate assistantships, scholarships, fellowships, internships, grants

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • Official transcripts of all collegiate work completed post-high school
  • Letters of recommendation
3

Drexel University

Philadelphia, PA

Drexel University was founded in 1891. It is a private research university with over 8,900 enrolled graduate students. Their co-op education program sets this university apart from others, offering students the opportunity to get paid and gain real-world experience prior to graduating.

PhD in Economics

This PhD in Economics teaches a set of core courses including microeconomics, macroeconomics, and econometrics. Students are then required to specialize and demonstrate math skills in industrial organization, international economics, or macroeconomics. This PhD is an official STEM Designated Degree Program. Each class is composed of three to six doctoral students to optimize and facilitate interactions between students and faculty.

PhD in Economics Overview

  • Program Length: 5 years
  • Acceptance Rate: Not stated
  • Tuition: $1,342/credit
  • PhD Funding Opportunities: Graduate assistantships

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • GRE scores from the past five years
  • Personal statement
  • Two letters of recommendation
4

Johns Hopkins University

Baltimore, MD

Johns Hopkins University is a world-renowned private research university. It was founded in 1876 and is now organized into 10 campuses in Maryland and Washington, with international divisions in Italy and China. The university has over 22,000 graduate students enrolled across its social sciences, engineering, arts, and business schools.

PhD in Economics

This economics program is led by expert faculty and trains students in applied microeconomics and macroeconomics, economic theory, and econometrics. Students will receive one-on-one attention from faculty, allowing them to conduct better research and strengthen the complex analysis and quantitative skills necessary in the field of econ.

PhD in Economics Overview

  • Program Length: 5-6 years
  • Acceptance Rate: 2.4%
  • Tuition: $58,720/year
  • PhD Funding Opportunities: Departmental fellowship (1st year), teaching or research assistantships (2nd to 5th years), Carl Christ Fellowship, Kelly Miller Fellowship, tuition fees funded by the department for enrolled students

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Online application and application fee
  • Unofficial transcripts from all previous colleges and universities
  • GRE scores (quantitative scores of 160 or above)
  • Minimum of two letters of recommendation
  • Resume
5

Kansas State University

Manhattan, KS

Kansas State University was founded in 1863 as the first public institution of higher education in Kansas. KSU is a public land-grant research university and has over 4,500 enrolled graduate students across 73 master's and 43 doctoral degree programs.

PhD in Economics

This PhD Economics program teaches students about the latest advances in econometrics, economic theory, and computation. The program requires the completion of a minimum of 90 credits, of which 30 are designated to researching and writing a high-quality dissertation.

PhD in Economics Overview

  • Program Length: 5 years
  • Acceptance Rate: Not stated
  • Tuition and Fees: $6,282/year (in state); $12,746/year (out of state)
  • PhD Funding Opportunities: Teaching assistantships, the Wayne Nafziger Graduate Scholarship, the Lloyd and Sally Thomas Graduate Scholarship, and Edward Bagley Graduate Scholarship; tuition fees funded by the department for enrolled students

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • Academic transcripts of all undergraduate and graduate coursework from each institution attended
  • Three letters of recommendation
  • Short statement of objectives for graduate study
  • GRE scores from the past five years (optional but encouraged)
6

Oregon State University

Corvallis, OR

Oregon State University ’s roots can be traced back to 1856 as a public land-grant research university that was founded as a primary and preparatory community school. Today, the university is the largest in Oregon. Oregon State is particularly renowned for its programs in earth, marine, and biological sciences and has over 5,668 enrolled graduate students.

PhD in Applied Economics

The 108-credit Applied Economics PhD degree program teaches students about economic theory, econometrics, development economics, and other quantitative methods. Grad school students of this program will gain the intellectual autonomy needed to examine real-world problems and apply relevant solutions regarding policy, education, trade, and the environment.

PhD in Applied Economics Overview

  • Program Length: 4-5 years
  • Acceptance Rate: 6.7%
  • Tuition: $498/credit (in state); $1,011/credit (out of state)
  • PhD Funding Opportunities: Graduate assistantship

PhD in Applied Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • Academic records from each institution attended
  • Letters of reference
  • Statement of objectives
  • Resume
7

Syracuse University

Syracuse, NY

Syracuse University is a private research university founded in 1831 with over 6,800 enrolled graduate students. Syracuse is ranked 59th on US News & World Report’s list of best national universities and features famous alum President Joe Biden.

PhD in Economics

The PhD in Economics program at Syracuse University is a research-oriented degree that requires the completion of 72 credits. The program teaches students about mathematical economics, microeconomic theory, macroeconomic theory, and econometrics. Students will specialize in a primary field in labor, international, public, urban economics, or econometrics.

PhD in Economics Overview

  • Program Length: 5 years
  • Acceptance Rate: N/A
  • Tuition: $32,436/year
  • PhD Funding Opportunities: University Fellowships, graduate assistantships, Melvin Eggers Graduate Economics Scholarship for Doctoral Students, David Greytak Fellowship Fund

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • Transcripts from all collegiate and post-collegiate work
  • Three letters of recommendation
  • GRE scores from the past five years
8

University of Maryland

College Park, MD

University of Maryland (UMD) at College Park was founded in 1856 and is the flagship campus of the University System of Maryland. UMD is a public, land-grant research university with 10,500 enrolled graduate students in over 230 graduate degree programs.

PhD in Economics (ECON)

This econ PhD program offers a wide range of specializations to students, including advanced macroeconomics or microeconomics, behavioral and experimental economics, econometrics, economic history, international trade, and public economics. Students who enroll directly after they finish their bachelor’s degree are also able to obtain a Master of Arts degree simultaneously.

PhD in Economics (ECON) Overview

  • Program Length: 5 years
  • Acceptance Rate: 4.1%
  • Tuition: $1,269/semester (in state); $2,496/semester (out of state)
  • PhD Funding Opportunities: Graduate assistantships, Fellowship in Support of Diversity and Inclusion

PhD in Economics (ECON) Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • Statement of purpose
  • Transcripts from all institutions attended after high school
  • Three letters of recommendation
  • Resume
  • Description of research and work experience
  • GRE exam scores (optional)
9

University of Utah

Salt Lake City, UT

University of Utah was established in 1850 as a public research university and is now considered the flagship institution of the Utah System of Higher Education. It currently has over 8,400 enrolled graduate students and offers several programs with financial assistance, academic opportunities, and postdoctoral fellows.

PhD in Economics

This economics PhD program allows students to explore many topics, including economic theory, post-Keynesian macroeconomics, Marxian economics, the economics of gender, labor market institutions, and intensive math classes. The program focuses particularly on themes of inequality, globalization, and sustainability.

PhD in Economics Overview

  • Program Length: 5 years
  • Acceptance Rate: 7.4%
  • Tuition and Fees: $1,271.79/credit (in state); $4,517.11/credit (out of state)
  • PhD Funding Opportunities: Graduate assistantships (research and teaching), fellowships, scholarships

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Online application and application fee
  • Transcripts from all institutions attended after high school
  • Completion of intermediate microeconomic and macroeconomic theory prerequisite courses
  • Three academic reference letters
  • Brief statement of personal academic goals
10

West Virginia University

Morgantown, WV

West Virginia University was founded in 1867 as a public land-grant research university. Today, the university enrolls over 5,700 graduate students in more than 350 programs throughout 14 colleges and high-quality schools.

PhD in Economics

This 45-credit PhD program trains students to conduct original research, produce publishable articles, analyze real-world problems from economists and policymakers, and effectively communicate their results. Doctorate students must choose a specialization in health, international, monetary, public, regional, or urban economics. Classes in economics have a small number of students to facilitate and encourage interaction between students and faculty.

PhD in Economics Overview

  • Program Length: 4 years
  • Acceptance Rate: Not stated
  • Tuition and Fees: $899/credit (in state); $2,053/credit (out of state)
  • PhD Funding Opportunities: Graduate assistantships, Arlen G. and Louise Stone Swiger Doctoral Fellowship, W.E.B. Du Bois Fellowship, Provost Graduate Fellowship

PhD in Economics Admission Requirements

  • Bachelor's or master's degree from a regionally accredited institution
  • Minimum cumulative GPA of 3.0
  • Minimum GRE score of, 300
  • Online application and application fee
  • Completion of statistics, intermediate micro and macro theory, and calculus prerequisite courses
  • Transcripts from all institutions attended after high school
  • Resume
  • Three letters of recommendation
  • Statement of purpose

Can You Get a PhD in Economics Online?

Yes, you can get a PhD in economics online. Liberty University currently offers an online PhD in Public Policy with a concentration in Economic Policy. This program focuses on teaching students how to shape economic policy across legislation, communications, politics, education, and international relations. Grad school students can complete this online program in three years.

Best Online PhD Programs in Economics

School Program Length
Liberty University Online PhD in Public Policy with Concentration in Economic Policy 3 years

How Long Does It Take to Get a PhD in Economics?

It takes five years on average to get a PhD in Economics. The first two years are usually spent completing core classes in economics, and by the third year, students prepare for exams in their specialization field of choice. The final two years are for research and writing a dissertation.

Some students are able to complete their PhD program in less time. Others take up to seven years to finish their degrees, especially if they don’t already have a master’s degree in the field, or are taking courses part-time.

Is a PhD in Economics Hard?

Yes, a PhD in Economics is a hard degree to obtain. However, at this level of education, regardless of the area of study you choose, all programs are hard to complete. Doctoral programs are intended for students who wish to become true experts in their field of choice.

Economics PhD programs are hard because extensive research and practical capabilities are required of candidates. Through a heavy course load, econ grad students are expected to work hard to develop their skills to the maximum and create publishable, high-quality work.

How Much Does It Cost to Get a PhD in Economics?

It costs an average of $19,314 per year to get a PhD in Economics , according to the National Center for Education Statistics. This value is an average of the graduate tuition required in all public and private institutions between 2018 and 2019. Tuition rates will vary by school, and private universities are often more expensive than public institutions.

How to Pay for a PhD in Economics: PhD Funding Options

PhD funding options that students can use to pay for a PhD in Economics include research and teaching assistantships, and many different fellowships and scholarships. These can either be provided directly by the university or by independent institutions and organizations.

Some of these include the Provost Graduate Fellowship, the Melvin Eggers Graduate Economics Scholarship for Doctoral Students, and the National Science Foundation Graduate Research Fellowship Program.

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What Is the Difference Between an Economics Master’s Degree and PhD?

The main difference between an economics master’s degree and a PhD is that master’s degrees are more career-oriented, while PhDs are focused on research. Since many doctorate students wish to pursue academic careers and teach in high-quality schools, they opt for a PhD program that allows them to acquire expert-level knowledge through research and assistant teaching.

Other differences between these two programs include funding options for payment, as master’s degrees don’t have as many funding options as PhD programs do, as well as the time of completion and the difference in salary between economics master’s and PhD graduates.

Master’s vs PhD in Economics Job Outlook

Employment for both economics master’s and PhD graduates is expected to grow in the next 10 years. However, the growth percentage is much higher for certain economics jobs for those with a doctoral degree. For example, employment for budget analysts, a position that requires only a Master’s Degree in Economics, is projected to grow five percent from 2020 to 2030, which is slower than the average growth for all occupations.

On the other hand, employment for postsecondary teachers, who typically need to have a PhD in Economics, is expected to grow 12 percent in the next 10 years .

Difference in Salary for Economics Master’s vs PhD

Considering the differences mentioned above, there’s a significant difference in average salaries for economics master’s and PhD graduates. While a budget analyst makes around $84,240 on average per year, a postsecondary teacher makes $124,090 on average per year.

According to PayScale, the average salary of someone with a Master’s Degree in Economics is $82,000 per year , whereas the average salary of someone with a PhD in Economics is $110,000 per year .

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Why You Should Get a PhD in Economics

You should get a PhD in Economics because it will allow you to learn many valuable quantitative and analytical skills in the field, improve how you communicate with peers and non-experts alike, learn from a wide variety of specializations, and put you on track for a career in research and academics.

Reasons for Getting a PhD in Economics

  • Wide range of specializations. A PhD in Economics allows you to specialize in an area that interests you most, such as financial, labor, international, political, business, feminist, Keynesian, environmental, or development economics.
  • Improve communication skills. Throughout your economics PhD program, you’ll be required to publish high-quality articles for peer review. This means that you’ll also be expected to learn how to communicate your findings to the common layman.
  • Learn many relevant skills. Econ students learn skills that will allow them to work for several institutions. They’re able to evaluate and calculate risk, make predictions, develop and use mathematical models, and deeply understand market dynamics.
  • Work in academia. Most PhD graduates desire to become professors themselves. A PhD in Economics allows students to work for all kinds of superior institutions and have a fulfilling career in research and academia.

Getting a PhD in Economics: Economics PhD Coursework

A financial advisor sitting in an office and giving finance application tips to a client  taking notes, based on her monetary policy knowledge and econ background
Most graduate schools that offer degrees in economics prepare students for their career of choice. Whether students desire a job in academia or to work for a large industrial organization, those with PhD Degrees in Economics are prepared for a well-paying job in the field.

Getting a PhD in Economics begins with core economics PhD coursework. For most programs, these courses include micro and macroeconomics, econometrics, mathematics for economists, and research design and methodology.

Microeconomics

A microeconomics course teaches decision-making when it comes to allocating resources of production, exchange, and consumption. Students learn about consumer and producer theory, general equilibrium theory, game theory, and other key applied microeconomic topics.

Macroeconomics

Macroeconomics is the area of economics that studies the economy as a whole. It accounts for the total goods and services provided, economic growth, and total income and consumption. In this course, students learn about the different macroeconomic models and current trends in macroeconomic thought.

Econometrics

In an econometrics course, students learn about probability and statistics, random variables, and hypothesis-testing procedures. Students will also be able to apply mathematical formulations to create complex economic models.

Mathematics for Economists

This core course is important to review the mathematical techniques required in economics. Students consolidate their knowledge in calculus, matrixes, algebra, differential equations, and set theory.

Research Design and Methodology

This introductory course is fundamental to guide students through conducting relevant research in economics literature for their dissertation, article publications, seminars, and any other papers they’ll need to prepare.

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How to Get a PhD in Economics: Doctoral Program Requirements

If you’re wondering how to get a PhD in Economics, the answer is pretty straightforward. To successfully complete an economics PhD program, students will have to complete all of the doctoral program requirements. These include successfully concluding core economics classes, establishing a program of study, passing the qualifying exam and candidacy examination, and defending a final dissertation.

1

Complete Required Coursework

Every PhD student will have to take a common set of core courses during their first year. These courses in micro and macroeconomics, econometrics, and mathematics provide students with basic training for conducting research in their field at advanced levels.

2

Pass the Qualifying Exam

At the end of the first year, students will take their first-year exam to prove their competence in the core course and readiness to continue with the program. Passing these exams will allow students to choose their specialization courses for the second year.

3

Establish a Program of Study

Just before the beginning of the second year, students will work with an advisor to help them figure out the specialization courses best for them. They will also facilitate the process of finding a permanent advisor and creating a program of study for the rest of the degree program.

4

Pass Candidacy Examination

Candidacy examinations, or field course exams, are tests that prove a student’s knowledge in the specialized fields in which they wish to pursue their dissertation research. Upon passing these examinations, students are then recognized as PhD candidates.

5

Defend an Economics Dissertation

By the end of the fifth year, most students have already completed their research and are ready to present and defend their theses. Students defend their dissertation in a final oral examination. Upon passing the defense, students must submit a final copy of their dissertation.

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PhD in Economics Salary and Job Outlook

Getting a PhD in Economics will grant you career stability and financial security. Career prospects in the economics field are great, as employment in these jobs is projected to grow faster than average. Continue reading for a list of some of the best PhD in Economics jobs available to graduates and an overview of their annual salaries.

What Can You Do With a PhD in Economics?

With a PhD in Economics, you can apply to many high-paying jobs in the field. These jobs can include financial manager, postsecondary economics teacher, economist, personal financial advisor, or even urban and regional planner roles.

Best Jobs with a PhD in Economics

  • Financial Manager
  • Postsecondary Economics Teacher
  • Economist
  • Personal Financial Advisor
  • Urban and Regional Planner

What Is the Average Salary for a PhD in Economics?

The average salary for someone with a PhD in Economics is $110,000 per year , according to PayScale. This value varies depending on the career path you choose, the company you work for, or even the industry you base your work in.

Highest-Paying Economics Jobs for PhD Grads

Economics PhD Jobs Average Salary
Financial Manager $153,460
Postsecondary Economics Teacher $124,090
Economist $120,830
Personal Financial Advisor $119,960
Urban and Regional Planner $81,310

Best Economics Jobs with a Doctorate

In this section, we’ll cover the best economics jobs you can get with a doctoral degree. They include financial managers, postsecondary teachers, and economists. Other high-paying jobs include personal financial advisors and urban and regional planners.

1

Financial Manager

PhD Salary: $153,460

Financial managers are responsible for the financial standing of a company or organization. They coordinate accounting and investing, create financial reports, and develop long-term financial goals for their company. They must have knowledge of the tax laws and regulations specific to their industry.

2

Post-Secondary Economics Teacher

PhD Salary: $124,090

Many economics PhD students are interested in teaching in postsecondary academic institutions. After being hired, these professors are placed in the school’s department of economics where they can conduct research and teach one or more courses in the field.

3

Economist

PhD Salary: $120,830

Economists apply their knowledge and skills in economic analysis within a great variety of fields. They study the cost of products, examine employment, taxes, and inflation levels, and analyze economic history trends to make predictions for the future.

4

Personal Financial Advisor

PhD Salary: $119,960

Personal financial advisors advise clients on investments, insurance, mortgages, taxes, and other areas related to financial investment and management. They work to assess a client’s needs and help them make the best financial decisions for their future.

5

Urban and Regional Planner

PhD Salary: $81,310

Urban and regional planners gather and analyze information regarding economic, population, and environmental factors to advise developers on their plans to use land. Using their analytical and data skills, they eventually have the final say on whether a land project is feasible.

Is a PhD in Economics Worth It?

Yes, a PhD in Economics is worth it. Getting an economics PhD is a great way to gain valuable skills for the econ job market, work on your overall communication, and guarantee financial security and stability over the course of your career.

Economics PhD graduates can choose between conducting research and teaching in superior institutions, prestigious government positions, and continuous work at some of the highest-paying private institutions.

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PhD in Economics FAQ

What top companies are hiring economists in 2022?

Some of the top companies that are hiring economists in 2022 include RAND, the Federal Reserve Bank of New York, and the World Bank. Fannie Mae, the IMF, and Amazon are also top companies looking for economists.

Am I expected to teach during the PhD program?

Yes, you are expected to teach or somehow be involved in classroom experiences during your PhD program. Most students receive financial funding through teaching assistantships. These are viewed as an important component of the PhD college career.

What kind of background do I need for a PhD in Economics?

You’ll need to have some kind of mathematics background to be admitted to an economics PhD program. All candidates must have taken intensive math classes and need proven math ability in calculus, linear algebra, and differential equations.

Do I need an econ master’s degree to enroll in an economics PhD?

No, you don’t need an econ master’s degree to enroll in an economics PhD. However, only a small number of applicants are accepted into these programs and a master’s degree could be considered a competitive edge.

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Raquel Santos

About the author: Raquel is a content writer with extensive experience in writing, education, and tech. She holds a Bachelor’s Degree in Biology and a Master’s Degree in Forensic Genetics, both from Porto University. She also has a certificate in Writing in Science from Stanford University and Coursera.

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