PhD in Economics

The PhD in Economics program at Maastricht University, housed under the esteemed School of Business and Economics, is designed for aspiring economists who are eager to delve deeply into advanced economic theories and empirical methodologies. This unique program emphasizes a blend of rigorous academic training and practical research experience, effectively preparing students to become leaders in the field of economics. With a structured curriculum that focuses on both qualitative and quantitative research methods, students will gain the skills necessary to tackle complex economic issues and contribute original insights to the discipline.
This four-year program encompasses a comprehensive and interdisciplinary approach that encourages students to explore various economic perspectives, including behavioral, environmental, and development economics. The coursework is designed to provide foundational knowledge as well as specialized training in areas such as econometrics, microeconomics, macroeconomics, international trade, and public economics. Students will engage with a diverse array of theoretical frameworks while also applying these concepts to real-world problems, enabling them to emerge as well-rounded economists equipped to navigate today's challenging economic landscape.
At the heart of the program is the opportunity for students to engage in substantial independent research. Each PhD candidate will work closely with a dedicated faculty member who serves as a supervisor, guiding them through their research process from conceptualization to execution. Faculty members at Maastricht University are renowned for their expertise in various economic fields, providing students with unparalleled mentorship. The faculty's commitment to fostering a supportive academic environment ensures that students receive personalized guidance and feedback throughout their doctoral journey.
Research opportunities are abundant at Maastricht University, with access to state-of-the-art facilities and resources that enhance the academic experience. The university boasts numerous research centers dedicated to economics, which serve as platforms for collaboration and innovation. Students will have the chance to participate in seminars, workshops, and conferences, where they can present their work and network with industry professionals and fellow academics. This exposure not only enriches their research experience but also fosters valuable connections within the global academic and professional community.
Given Maastricht University's strong ties to industry, students in the PhD program benefit from numerous internship possibilities and collaborations with leading organizations. This practical experience is invaluable in understanding the application of economic theories in real-world settings, allowing students to bridge the gap between academia and practice. Graduates of the program are well-positioned for a variety of careers, including roles in academia, research institutions, government agencies, and multinational corporations.
Moreover, alumni of the PhD in Economics program have gone on to achieve remarkable success in their careers, with many holding influential positions in renowned organizations worldwide. Their success stories serve as a testament to the quality of education and training provided at Maastricht University. By equipping students with the analytical and research skills necessary to excel in the field, the program ensures that graduates are prepared to make meaningful contributions to the global economy.

Why Study PhD in Economics at Maastricht University

• Rigorous Curriculum: The program offers a well-rounded curriculum that combines theoretical and practical elements, allowing students to gain a comprehensive understanding of economics.
• Expert Faculty: Students are mentored by experienced faculty members who are leaders in their respective fields, providing invaluable guidance and insights.
• Research Opportunities: Access to cutting-edge research facilities and centers encourages students to engage in impactful research that contributes to the field.
• Industry Connections: Strong ties to industry partners facilitate internship opportunities, enhancing real-world experience and employability.
• Global Alumni Network: Graduates join a prestigious network of alumni who have successfully pursued careers in top organizations worldwide.

The PhD in Economics program at Maastricht University is not just an academic endeavor; it is a transformative journey that equips students with the tools necessary to excel in a competitive job market. The program’s structure demands a high level of dedication, with candidates expected to engage actively in both coursework and research. Candidates should possess a strong academic background, ideally with a minimum GPA of 3.0 on a 4.0 scale from their undergraduate studies. Additionally, applicants must have a minimum of 15 years of education, which typically includes a bachelor's degree and potential master's level coursework.
English proficiency is mandatory, with accepted tests including IELTS (minimum overall score of 6.5) and TOEFL (minimum score of 80). These requirements ensure that candidates can fully engage with the program's content and contribute meaningfully to discussions and research initiatives.

The expected tuition fee for the PhD in Economics program is approximately €16,000 per year, which is quite competitive compared to similar programs globally. Furthermore, students have access to various funding options and scholarships that can ease the financial burden. The average base salary for graduates is around €100,000, with many finding positions in top-tier organizations such as the World Bank, the National Science Foundation, and firms like Intel and AECOM.
As students embark on this academic venture, they will not only acquire advanced knowledge in economics but also develop critical thinking and analytical skills that are essential for solving pressing economic challenges. The PhD in Economics at Maastricht University stands as a premier choice for those looking to make a significant impact in the field of economics.