Economics PhD Qualifications | ASU W. P. Carey School (2024)

An undergraduate degree in the field of Economics is not required to enter the PhD program. However, excelling grades in upper division economics courses will be given priority in decisions made by the Economics Graduate Admission Committee. Also, applicants do not need a Master's Degree to apply nor to be admitted. In past years, most applicants recommended for graduate admission had the following profile:

  • Proven independent research ability (e.g., honors thesis).
  • GPA of 3.5 or higher with consideration for the degree of difficulty of the course work.
  • Upper level mathematical course work, including real analysis, mathematical analysis, linear algebra, differential equations, advanced calculus and statistics with grades of A- or better.
  • GRE Quantitative scores ranging from the 85th to the 99th percentile.
  • Grades of A-minus or better in intermediate level theory courses (microeconomics, macroeconomics, econometrics) with a strong preference for honors or mathematical track versions of all three courses.
  • Advanced undergraduate or graduate-level coursework in economics.

Individuals who have completed a three-year degree with no additional coursework typically do not qualify as having an equivalent U.S. bachelor's degree. Applicants with a 3-year degree and at least one year of graduate study should contact Graduate Admissions to clarify if their degree would be equivalent to a U.S. 4-year degree.

Economics PhD Qualifications | ASU W. P. Carey School (2024)

FAQs

What is a good GPA for econ PhD? ›

Some Advice and Suggestions for Successful Preparation

a. Grades: You will find that a 3.5 G.P.A. would be a minimal standard for admissions, and candidates with G.P.A.'s higher than 3.75 have a much stronger chance for both admission and funding in graduate school.

What is the acceptance rate for PhD Economics? ›

According to the National Science Foundation, the acceptance rate for doctoral programs in economics at top universities in the United States hovers around 10-15%. Current trends in admissions reflect an increasing emphasis on quantitative skills and research experience.

How hard is it to get into WP Carey? ›

An ACT composite score of 25* A high school class ranking in the top 8 percent. An overall high school GPA of 3.4 (3.6 GPA admitted before Fall 2020 term) in ASU competency courses (scale is 4.00 = A)

How do you qualify for a PhD in economics? ›

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.

Can I get into a PhD program with a 2.7 GPA? ›

GPA requirements vary by program. However, in general, graduate students must apply with a GPA of 2.75 for full acceptance or a GPA of 2.0 for provisional acceptance. Students accepted provisionally must earn a cumulative GPA of 3.0 in each of their first two terms in order to remain in the graduate program.

Can I get into PhD with 3.5 GPA? ›

With GPA, it is recommended that students have at least a 3.0 cumulative GPA and around a 3.5 discipline-specific GPA to remain competitive for Ph. D. applications.

Is economics a hard PhD? ›

Yes, it is tough at times, but tough things can be made more bearable when we really enjoy the stuff and believe it is important. For this reason also, take initiative for your course of studies. Belief is key – know that you can do this, as much as you might be tempted to doubt yourself (we all do).

Is an economics PhD still a great deal? ›

Economists interested in a serious career in academia must strongly consider getting a PhD, or have a specific reason to not need one. It is very difficult to earn a Professor of Economics position without a PhD in most of the world.

Is PhD in economics in demand? ›

The predicted job market for Ph. D. Economists shows a promising 6% growth from 2021 to 2031, ranking among the highest for many doctoral degrees. This statistical insight efficaciously addresses the common question posed by aspiring Ph.

Is W.P. Carey prestigious? ›

It is one of the top business schools in the country, highly ranked for academics, groundbreaking research, and student outcomes.

What is the average GPA for WP Carey? ›

Overall, the average GPA for the class in undergrad was 3.57. Upon matriculation at W.P. Carey, students averaged 5.75 years of full-time work experience.

What is the minimum GPA for WP Carey? ›

All graduate students in the W. P. Carey School of Business are required to maintain minimum cumulative, graduate and iPOS GPAs of 3.00 ("B").

What is the average economics PhD age? ›

Among the 1216 recipients of PhDs in economics in 2020: About half were married when they got their degree. Men and women were equally likely to be married. The median age at completion was 31, the same for women and men.

Can I get a PhD in economics without a Masters? ›

Yes, it is possible to earn a PhD without a master's degree. Though the traditional path entails completing a master's program before embarking on a doctorate, some schools and programs offer options to skip the master's entirely. Actually, in select cases, it's the preferred approach.

How much do PhD economists make? ›

What are Top 10 Highest Paying Cities for Senior Analyst Phd Economist Jobs
CityAnnual SalaryHourly Wage
Washington, DC$129,661$62.34
San Francisco, CA$126,875$61.00
Los Angeles, CA$124,324$59.77
Marysville, WA$124,092$59.66
6 more rows

Is 3.72 a good GPA for PhD? ›

The average GPA of grad school students is 3.72. Prospective applicants must submit their overall GPA and Science GPA separately. Applicants apply through ASCMA with 3 letters of recommendation, a personal statement, GPAs, and MCAT scores.

Is a 3.7 GPA good enough for PhD? ›

For doctoral and prestigious Masters programs, the minimum GPA requirement is often higher than 3.5 and may be as high as 3.7 or 3.8 for some schools.

Is a 3.8 GPA good for PhD application? ›

However, as a general guideline, an acceptable Master's GPA often falls from 3.0 to 3.7. Some highly competitive PhD programs may expect even higher GPAs, approaching or exceeding 3.8.

Is 3.65 a good GPA for PhD? ›

A good GPA is often considered to be at least a 3.0, although most graduate programs and graduate school require a minimum GPA of 3.5 for admission. What is this? The highest GPA you can achieve is a 4.0, so having an overall GPA at or above this level is what's usually considered a good GPA.

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