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Doctor of Philososphy [Ph.D] (Economics)
STEM Course
5 years
Full Time
On Campus
Field of Study:
$50,100/Yr
$50,100 /Yr
- Ph.D in Economics at the Massachusetts Institute of Technology is offered as a 2-years program.
- This university is ranked #1 in QS Global World University Rankings, 2022.
- It is an on-campus program offered on a full-time basis only.
- Graduates of the PhD program teach in leading economics departments, business schools, and schools of public policy. They work on congressional staffs and government advisory councils, and with organizations such as the World Bank, the International Monetary Fund, the National Economic Council, the Council of Economic Advisers, the Federal Reserve, and the Treasury Department.
- They are also found among the most influential positions in the market economy, ranging from corporate executives to hedge fund managers to economic consultants.
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $50100 (USD 50100) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | $27600 (USD 27600) |
| Transportation | $3933 (USD 3933) |
| Food | $7947 (USD 7947) |
| Health Insurance | $3269 (USD 3269) |
| Total Cost | $42749 (USD 42749) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2022 | $50100 (USD 50100) |
| 2021 | $17800 (USD 17800) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students require a Bachelor's degree or equivalent.
- Students should have a strong quantitative background (the Accounting group requires calculus)
- Students need to have exposure to microeconomics and macroeconomics (the Accounting group requires microeconomics)
- Students should have at least a 3.5 GPA.
Indian Student Eligibility:
- The student has graduated from senior secondary school or equivalent (those applying for a postgraduate program must have graduated from a university or college).
- Students completed a bachelor's degree from an accredited institution with a grade point average of 3.5 or 60% in the final years of the program.
Submission of GRE scores is not compulsory for this program, however, it is recommended to submit the scores (minimum 300) for a better chance of admission.
Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.
Scores Required
Required Document List
- Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Three Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
- Statement of Purpose: This statement must describe your qualifications and the objectives of your intended educational program.
- Personal Statement: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
- Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Young Women in Public Affairs Award | Scholarship per student$ 4,000/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Young Professionals Program | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Josephine de Karman Fellowship | Scholarship per student$ 25,000/Yr$25,000 | Level Of StudyDoctorate | TypeMerit-Based | |
| YouAreWelcomeHere Scholarships | Scholarship per studentVariable Amount | Level Of StudyApprenticeship | TypeTuition-Fee-Waiver | |
| Comindware Scholarship | Scholarship per student$ 4,000/Yr$4,000 | Level Of StudyApprenticeship | TypeMerit-Based | |
| updated Hubert H. Humphrey Fellowship Program updated | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based |
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Faculty, schools and campuses
MIT Sloan School of ManagementCambridge, Massachusetts
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Important Dates
| Program | Important Dates |
|---|---|
| M.B.A | Application Decision Deadline Round 2 (3rd Apr 2023) Application Deadline For 2024 Intake Round 3 (11th Apr 2023) Application Decision Deadline Round 3 (18th May 2023) |
| B.S Aerospace Engineering | Early Action Application Deadline For 2024 Intake (1st Nov 2023) Regular Action Application Deadline For 2024 Intake (5th Jan 2024) |
| M.S Electrical Engineering and Computer Science | Application Deadline For Fall Intake (15th Dec 2023) |
| M.Arch | Application Decision Deadline For Fall Intake (15th Apr 2023) |
| B.S Computer Science and Engineering | Early Action Application Deadline For 2024 Intake (1st Nov 2023) Regular Action Application Deadline For 2024 Intake (5th Jan 2024) |
| M.S Business Analytics | Final Decision Deadline For Fall Intake (7th Mar 2023) |
| M.Fin | Final Decision Deadline (10th Mar 2023) |
| B.S Computer Science, Economics, and Data Science | Early Action Application Deadline For 2024 Intake (1st Nov 2023) Regular Action Application Deadline For 2024 Intake (5th Jan 2024) |
| M.S Mechanical Engineering | Application Deadline For Winter Intake (15th Dec 2023) |
| M.S Computation for Design and Optimization | Application Deadline (15th Dec 2023) |
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