QS Rank:

163

University of Exeter

Devon
,United Kingdom

Program Rank

151

Program Name
PhD in Economics

Deadline
May 06th, 2025
Overview

The PhD in Economics at the University of Exeter is specifically designed to equip students with advanced analytical and research skills essential for pursuing a successful career in various sectors of economics. This comprehensive program spans over a duration of 48 months and offers a rigorous curriculum that engages students in both theoretical and empirical analyses. With an emphasis on critical thinking, the program encourages students to explore complex economic issues and develop innovative solutions to real-world problems. The University of Exeter, ranked 163rd globally in the latest QS rankings, provides an intellectually stimulating environment that fosters academic excellence and innovation.
The curriculum is meticulously crafted, encompassing core modules such as Microeconomic Theory, Macroeconomic Theory, and Econometrics, among others. Students will delve into specialized areas including but not limited to Development Economics, Health Economics, and International Economics. Each course within the program is designed to deepen understanding and expertise, ensuring that graduates are well-prepared to make significant contributions to both academia and industry. The program also incorporates a range of research methodologies, allowing students to design and conduct independent research that can lead to impactful publications.
In addition to a robust academic framework, the PhD program is supported by esteemed faculty members who are recognized experts in their fields. The teaching methodology blends traditional lectures with hands-on workshops, seminars, and collaborative research projects. This approach not only enhances learning but also encourages students to engage actively with faculty and peers, fostering a rich academic community. Faculty members provide mentorship and guidance throughout the research process, ensuring that students have the resources and support necessary to excel in their studies.
Research opportunities abound at the University of Exeter, with access to state-of-the-art resources and facilities. The Business School is home to various research centers that focus on critical economic issues, offering students the chance to participate in cutting-edge research projects. This exposure not only enriches the academic experience but also solidifies students' understanding of how to apply their knowledge in practical settings. Additionally, students have the opportunity to publish their research findings in reputable journals, establishing themselves as thought leaders in the field.
Moreover, the program places a strong emphasis on industry connections and internship possibilities. The University of Exeter has cultivated relationships with numerous organizations, including governmental agencies, international institutions, and private sector companies. These partnerships facilitate internship placements, providing students with invaluable real-world experiences that enhance their employability. Graduates can expect to pursue a variety of career pathways, including roles as International Economists, Economic Analysts, and positions within organizations such as the World Bank.
Upon graduation, alumni from the PhD in Economics program have achieved remarkable success, securing positions in prestigious institutions worldwide. The median base salary for graduates stands at a competitive $110,000, reflecting the program's emphasis on creating highly skilled professionals ready to make a difference in various sectors. Testimonials from alumni highlight the transformative impact of the program on their careers, emphasizing the program's rigorous academic training combined with real-world applications.
Unique features that distinguish this program include its commitment to fostering an inclusive environment with an international student diversity rate of 22.39%. This diversity enriches the academic experience by bringing together a wide range of perspectives and ideas, preparing students for a globalized job market. Furthermore, the University of Exeter offers various funding opportunities to support research initiatives and conference participation, ensuring that students can maximize their academic potential without financial constraints.
To be considered for the PhD in Economics program, applicants must meet specific eligibility criteria. A minimum undergraduate GPA of 3.5 on a 4.0 scale is expected, alongside at least 16 years of formal education. Proficiency in English is required, demonstrated through standardized test scores such as a minimum IELTS score of 7.0 or a TOEFL score of 90. The application process requires submission of several documents, including a transcript, statement of purpose, resume, and letters of recommendation. More information can be found on the official admission page.
Why Study PhD in Economics at University of Exeter
- Globally recognized institution ranked 163rd in QS rankings and 137th in Times Higher Education.
- Rigorous curriculum that combines theoretical foundations with practical applications in various economic sectors.
- Access to distinguished faculty members who provide mentorship and support throughout the research journey.
- Extensive research opportunities with state-of-the-art resources and facilities, promoting impactful research output.
- Strong industry connections leading to valuable internship experiences and high employability post-graduation.
- A vibrant, diverse academic community that fosters global perspectives and collaboration among students.
- Comprehensive funding opportunities to support research and professional development initiatives.

Total Tuition Fees
$92,000

Duration
48 Months

Median Salary
$1,10,000
Ranking
#152
US World and News Report
#137
The World University Rankings
#163
QS World University Rankings

Intake
Spring ( Apr - June )

Intake
Fall ( Sept - Nov )

Intake
Summer ( July - Sept )
Class Profile

Class Size
20

Average Age
28

Average Work Experience
4 Years
Diversity
South West England:
20%South East England:
25%East of England:
15%West Midlands:
10%Yorkshire and The Humber:
5%North West England:
2%Others:
28%Career Outcomes

Median Earnings After Graduation
$1,10,000 / year

Graduation Rate
80%
Prospective Job Roles
International Economist
Economist
Agricultural Economist
China Economist
Economic Development Planner
Home Economist
World Bank Economist
Economic Analyst
Secondary School Teacher
Health Economist
Teacher of English as a Second Language
Top recruiters













Eligibility Criteria

At least 3.5 / 4 undergraduate GPA is expected.

At least 16 years of bachelor degree.
English Proficiency Tests
IELTS
7
TOEFL
90
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

Application Fee: 20
Transcript
Passport
Statement of Purpose
Resume
Interview
IELTS
Professional LOR
Academic LOR
Research Papers/Publications
Application Deadlines
Standard Deadline | |
---|---|
Fall | Sep 30, 2024 |
Spring | Jan 21, 2025 |
Summer | May 6, 2025 |
Fees and Funding

Tuition Fees
$23,000 / year

Overall Cost
$40,000 / year
FAQs
- 7
- Exeter University receives more than 40,000 applications from potential undergraduate and graduate students. Out of every 100 applicants, the university accepts about 73 of them. Hence, it can be concluded that with the University of Exeter acceptance rate of 73%, the university is moderately competitive to get into.
- The short answer: yes. INOMICS Salary Report data shows that in 2023, economics PhDs earned on average 96% more than economists with a Master's degree. These are worldwide statistics taken from the full breadth of the INOMICS Salary Survey data. The benefit to doing a PhD in economics varies by region
- Exeter is in the top 10 for Economics, which was a big contributing factor as to why I chose Exeter. The university is also very helpful with employment and provides students with good employability prospects after graduating
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