QS Rank:

11

University of Pennsylvania

Pennsylvania
,United States

Program Name
PhD in Economics
Overview

The PhD in Economics at the prestigious University of Pennsylvania is a transformative academic program designed for aspiring economists who seek to delve deeply into the complexities of economic theory and its applications. This esteemed program offers a rigorous curriculum that is meticulously structured to equip students with the advanced analytical skills, research methodologies, and theoretical frameworks necessary for contributing significantly to the field of economics. With a focus on both empirical and theoretical aspects, students engage in comprehensive coursework that prepares them for a variety of roles in academia, industry, and government.
The curriculum of the PhD in Economics encompasses a blend of foundational and advanced topics, including microeconomic theory, macroeconomic theory, econometrics, and specialized elective courses that allow students to tailor their academic journey. Core courses cover essential areas such as game theory, labor economics, and international economics, while electives may include topics like behavioral economics, public finance, and environmental economics. In addition to coursework, students are expected to undertake extensive research, culminating in a dissertation that contributes original knowledge to the field. This emphasis on research is complemented by opportunities for collaboration with faculty on ongoing projects, further enhancing the learning experience.
The faculty at the University of Pennsylvania comprises leading experts and renowned scholars who are not only dedicated to teaching but also actively engaged in groundbreaking research. Their diverse areas of expertise enable them to provide students with insights drawn from real-world applications and the latest theoretical advancements in economics. The teaching methodology employed by the faculty incorporates a blend of traditional lectures, interactive discussions, and hands-on workshops, fostering an environment where students are encouraged to critically analyze issues and develop innovative solutions. This dynamic approach ensures that students are well-prepared for the challenges they will face in their respective careers.
Research opportunities are abundant within the PhD in Economics program, with access to state-of-the-art resources and facilities. Students have the chance to work alongside faculty members on various research projects, participate in seminars, and present their findings at national and international conferences. Additionally, the university's strong emphasis on interdisciplinary collaboration allows economics students to interact with peers from other disciplines, enriching their understanding and broadening their perspectives. The University of Pennsylvania also hosts several research centers and institutes, providing students with avenues to engage in relevant research initiatives that align with their interests.
A key advantage of pursuing a PhD in Economics at the University of Pennsylvania is the program's robust industry connections and internship possibilities. The university's extensive network of alumni and partnerships with leading firms, government agencies, and non-profit organizations creates a wealth of opportunities for students to gain practical experience in the field. Internships and collaborative projects not only enhance students' resumes but also offer valuable insights into the application of economic theory in real-world scenarios. Graduates of the program are well-positioned to enter a diverse range of career pathways, including roles such as statistician, economist, product manager, financial analyst, and policy advisor.
Graduates from the PhD in Economics program at the University of Pennsylvania have achieved remarkable success in various sectors, reflecting the program's commitment to excellence and innovation. Alumni have taken on prestigious positions in academia, private sector firms, and public policy institutions, contributing to influential research and impactful economic policies. Their achievements serve as a testament to the quality and rigor of the program, as well as the exceptional support provided by the university throughout their academic journey. Through networking events and mentorship programs, current students can benefit from the experiences of these successful alumni, gaining insights and guidance as they navigate their own career paths.
The PhD in Economics program is distinguished by unique features that enhance the educational experience. From interdisciplinary approaches to research collaboration to a strong focus on real-world applications, students are encouraged to think creatively and critically. The university's commitment to diversity and inclusion promotes a rich learning environment where varied perspectives are celebrated. Furthermore, the proximity to major economic hubs, including Philadelphia and New York City, affords students unrivaled access to industry leaders and a vibrant economic landscape.
To be eligible for the PhD in Economics at the University of Pennsylvania, applicants must meet certain prerequisites, including a strong academic background in economics or related fields. Required application materials typically include a transcript, letters of recommendation, a resume, and standardized test scores, if applicable. Non-native English speakers must demonstrate proficiency through recognized tests such as TOEFL or IELTS, with minimum scores to qualify for admission. The program seeks candidates who exhibit strong analytical skills and a passion for economic inquiry.
Why Study PhD in Economics at University of Pennsylvania
- Premier academic institution with a global ranking of 11, renowned for its research and teaching excellence.
- Comprehensive curriculum that blends theory with practical application, preparing students for diverse career paths.
- Access to a distinguished faculty with expertise in various economics fields, offering mentorship and guidance.
- Extensive research opportunities, with facilities and resources to support groundbreaking economic research.
- Strong industry connections and internship opportunities, allowing for practical experience and networking.
- Thriving alumni network that opens doors to career advancements and professional growth.

Duration
63 Months

Median Salary
$1,10,000
Ranking
#7
US World and News Report
#14
The World University Rankings
#11
QS World University Rankings
Class Profile

Class Size
20

Average Age
28

Average Work Experience
3 Years
Diversity
International:
5%Others:
5%New Jersey:
15%New York:
10%Pennsylvania:
65%Career Outcomes

Median Earnings After Graduation
$1,10,000 / year
Prospective Job Roles
Statistician
Economist
Product Manager
Teacher
Entrepreneur
Marketing Analyst
Financial Analyst
Quantitative Analyst
Data Scientist
Journalist
Business Analyst
Operations Manager
Project Manager
Researcher
Actuary
Policymaker
Consultant
Operations Research Analyst
Top recruiters
















Eligibility Criteria
English Proficiency Tests
TOEFL
100
IELTS
7
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.
Transcript
Academic LOR
Resume
Application Deadlines
Fees and Funding

Tuition Fees
$38,732 / year
Funding Options
External Sources - Scholarships
Department Funding
Scholarships
Andrew W. Mellon Fellowship in Economics
Jerome A. Chazen Fellowship in Economics
Leonard N. Stern Fellowship in Economics
FAQs
- A student can complete Economics at University of Pennsylvania with in 63.
- The application fee to pursue Economics at University of Pennsylvania is USD 80 for international students.
- The annual tuition fee to pursue Economics at University of Pennsylvania is USD 38732.
- The submission of these scores mainly depends on the type of degree/ course selected at the University of Pennsylvania. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check University of Pennsylvania requirements before submitting a score.
- Economics can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
- If a student fulfils all the eligibility criteria and admission requirements of University of Pennsylvania, they can easily pursue Economics. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
- An MS degree at University of Pennsylvania can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official University of Pennsylvania website to check the course/ degree duration.
- One can apply for scholarships to pursue their international education at University of Pennsylvania by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.
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