$2,638 /Yr
On-campus
full_time
Doctor of Philosophy [Ph.D] Economics
- 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.
Tution & Application Fees
| Year | Year 1 | Year 2 | Year 3 | Year 4 |
| Tuition Fees | $2366 | $2366 | $2366 | $2366 |
| Health insurance | $152 | $152 | $152 | $152 |
| Other Fees | $120 | $120 | $120 | $120 |
| Total Fees | $2638 | $2638 | $2638 | $2638 |
Examinations
| Exam Type | Exam Name | Score | Out of Score | Exam Level |
|---|---|---|---|---|
| TOEFL | Test of English as a Foreign Language | 86 | 120 | 3 |
| IELTS | International English Language Testing System | 6.5 | 9 | 3 |
| PTE | Pearson Test of English | 60 | 90 | 3 |
| GRE | Graduate Record Examination | 309 | 340 | 2 |
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.