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Doctor of Philosophy [Ph.D] [Economics] From McMaster University

Hamilton, OntarioLocation

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Doctor of Philosophy [Ph.D] (Economics)

STEM Course

4 years

Full Time

On Campus

Field of Study:

Economics

CA$3,154/Yr

CA$3,154 /Yr

McMaster University offers a Doctor of Philosophy in Economics for a duration of 4 years.
It is an on-campus, thesis-based program offered on a full-time basis.
The PhD program in economics prepares students to become professional, independent economic researchers applying state-of-the-art methods to analyze economic phenomena.
Graduates primarily pursue one of two career tracks. One track is an academic career as a professor of economics. A second track is a non-academic career in the public- or private-sector.
The PhD program offers the following Areas of Specializations:
- Econometrics
- Growth and Monetary Economics
- Health Economics
- International Economics
- Labour Economics
- Population Economics, and Public Economics.
The department provides faculty members that are affiliated with a number of research facilities and centres as McMaster that support economic research, including research by graduate students.
University admit 5-8 PhD students each year that leads to small class sizes and substantial interaction between students and faculty.
Students in the PhD program who have successfully completed the comprehensive examinations may apply for the co-op option associated with this degree program.
To complete the Ph.D. co-op option, the student must work a total of eight months in either one or two placements and successfully complete both ECON 796 Economics Co-op Work Term I and ECON 797 Economics Co-op Work Term II.
Students can apply for internal and external scholarship such as Trudeau Scholarship according to academic excellence and the availability of funds.
The average salary of the program goes up to 56,000 USD.

Year	1st Year Fees
Tuition Fees	CA$3154 (CAD 3154)

Other Expenses

Head	Avg Cost Per Year
Room and Food (On-Campus)	CA$9195 (CAD 9195)
Housing (Off-Campus)	CA$4860 (CAD 4860)

Eligibility & Entry Requirement

Academic Eligibility:

Students have to complete master degree in economics from a recognized university.
Students must have a B+ minimum average grade, based on a full-year equivalent of final year courses.

Indian Student Eligibility:

Indian students are eligible to apply if they meet one of the following eligibility criteria:

Completed a 4-year UG degree with first class standing in a relevant field from a recognized institution.
Or, completed a master's degree with upper-second-class standing from a recognized institution.

Submission of GRE scores is not compulsory for this program, however, if students have given the GRE exam then 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.

Scores Required

86 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

60 / 90

Avg. Score in

PTE

309 / 340

Avg. Score in

GRE updated

Required Document List

Following are the required document:

Online application form and fees: Students have to fill the online form and submit the application fees.
CV/Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
Two Academic or Professional References: Referees (Teachers, guidance counselors, or Professors) should comment on academics and that references should submit along with the application system.
Personal Statement: It should include a brief overview of themselves, strengths, and any work experience and/or education that students have.
Transcripts: Students have to submit transcripts from all universities/colleges attended, World Education Services Assessments, and English Language Proficiency test scores.
Statement of Intent: Reasons or intentions for pursuing studies in this program, including a description of prior experience.

Course Guides

Study PhD in Canada: Fees 2023, Top Colleges, Placements & Salaries

Career and Placement after Course

Possible career oppertunities are:

Professional Economist
Financial Risk Analyst
Data Analyst (Banking Sector)
Financial Planner (Banking Sector)
Financial Controller/Financial Economist
Equity Analyst
Cost Accountant
Economic Researcher

Scholarship Grants & Financial Aids

Name	Scholarship Per Student	Level of Study	Type
Ontario Graduate Scholarship	Scholarship per studentCA$ 10,847/Yr$10,847	Level Of StudyDoctorate	TypeCollege-Specific	View Details
Go Clean Scholarship	Scholarship per studentCA$ 3,500/Yr$3,500	Level Of StudyBachelor	TypeMerit-Based	View Details
Pierre Elliott Trudeau Foundation Doctoral Scholarships	Scholarship per studentVariable Amount	Level Of StudyDoctorate	TypeMerit-Based	View Details
Ontario Graduate Fellowship	Scholarship per studentCA$ 8,459/Yr$8,459	Level Of StudyDoctorate	TypeMerit-Based	View Details
updated Hubert H. Humphrey Fellowship Program updated	Scholarship per studentVariable Amount	Level Of StudyDoctorate	TypeMerit-Based	View Details
Ellis R. Ott Scholarship for Applied Statistics and Quality Management	Scholarship per studentVariable Amount	Level Of StudyDoctorate	TypeMerit-Based	View Details