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Doctor of Philososphy [Ph.D] (Economics)
STEM Course
5 years
Full Time
On Campus
Field of Study:
Ranked #5 out of 1502 by THE Global Ranking 2023
₹42.9 L/Yr
$50,100 /Yr
The Ph.D Economics program at Massachusetts Institute of Technology is a 5-years program. The tuition fee for Ph.D Economics in 2023 at Massachusetts Institute of Technology was USD 50100 (₹4291566). In 2022, the fee was USD 50100 (₹4291566), remaining unchanged
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹4291566 (USD 50100) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | ₹2364216 (USD 27600) |
| Transportation | ₹336901 (USD 3933) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2022 | ₹4291566 (USD 50100) |
| 2021 | ₹1524748 (USD 17800) |
- 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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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.
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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
TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| - | - | - |
| - | - | - |
| - | - | - |
Key Resources for Your Study Abroad Journey
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| JN Tata Endowment Scholarship | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Paul Foundation scholarships | Scholarship per student₹ 17.3 L/Yr$20,174 | Level Of StudyDiploma | TypeMerit-Based | |
| Fulbright-Nehru Masters Fellowships | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| The Kay-Grant Group Scholarship | Scholarship per student₹ 85,660/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Robert S. McNamara Fellowship Program | Scholarship per student₹ 21.4 L/Yr$25,000 | Level Of StudyDoctorate | TypeMerit-Based | |
| BrokerFish International student scholarship | Scholarship per student₹ 85,660/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
-- | INR 42.9 L/Yr USD 50,100 /Yr |
| ||
-- | INR 4.9 L/Yr USD 5,721 /Yr |
| ||
-- | INR 66.7 L/Yr USD 77,841 /Yr |
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MIT Sloan School of ManagementCambridge, Massachusetts
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