At a glance
60 mo
Duration
7.0
IELTS
—
Tuition / yr
en
Language
PhD
Level
- 7-10 students admitted annuallySmall Cohort Size
- Comprehensive financial support offered to all admitted studentsFull Funding
- Emphasis on economic theory, mathematics, and statisticsStrong Theoretical Foundation
- Preference for candidates with research experienceResearch Focus
- Interviews for shortlisted candidatesPersonalized Assessment
The PhD in Economics program at Rice University is designed for outstanding candidates with a strong foundation in economics, mathematics, and statistics. The program focuses on developing comprehensive understanding of economic theory and quantitative methods. Admission is highly competitive, with 7-10 students typically admitted each year. All admitted students receive financial support. The curriculum emphasizes rigorous training in economic theory, econometrics, and research methodology, preparing students for academic careers or research roles in various sectors. Applicants are evaluated based on their academic record, particularly in economics and mathematics, letters of recommendation, test scores, and the alignment of their research interests with faculty expertise. Shortlisted candidates may be invited for a Zoom interview.
Curriculum
The PhD program provides advanced training in economic theory, econometrics, and research methods. While specific module details are not provided, the program structure is designed to build a strong theoretical and empirical foundation for economic research.
- Year 1
- Year 2
- Year 3-5
Careers
Graduates of the PhD in Economics program are well-prepared for careers in academia, research institutions, and various sectors of the economy that require advanced analytical and quantitative skills.
- Academic positions (Professor, Researcher)
- Economist in government agencies
- Analyst in financial institutions
- Researcher in think tanks and private sector firms
Frequently asked questions
- What are the application deadlines for the PhD in Economics program?
- The application deadline is December 15th. Standardized test scores (GRE, TOEFL/IELTS) should be completed by November to ensure they are available by the application deadline.
- What are the entry requirements for international applicants?
- International applicants need a strong academic record in economics and mathematics, including multivariate calculus and linear algebra. English proficiency is demonstrated by a TOEFL score of 90 (iBT) or IELTS of 7.0. GRE scores are required.
- Does the program offer financial support to admitted students?
- Yes, all admitted students receive an offer of financial support, which typically covers tuition and living expenses. This is a key highlight of the program.
- What is the duration of the PhD in Economics program?
- The program structure is designed for completion over 5 years, with Years 1 and 2 focusing on coursework and Years 3-5 dedicated to research and dissertation.
- What are the typical career paths for graduates of this program?
- Graduates are prepared for academic positions as professors or researchers, economist roles in government agencies, analysts in financial institutions, and researchers in think tanks and private sector firms.
- Is there an application fee for the PhD in Economics program?
- An $85 application fee is required. However, there are periods in the fall when this fee may be waived by Rice University for eligible applicants.
Entry requirements
Undergraduate DegreeA strong academic record with particular emphasis on economics and mathematics courses. Completion of multivariate calculus and at least one semester of linear algebra is required. Preference is given to applicants with exposure to higher-level mathematics, such as real analysis.
Research ExperiencePreference is given to applicants with some research experience, such as working as a research assistant or completing a well-written undergraduate thesis (preferably in economics).
TOEFL90 (internet-based), 600 (paper-based), or 250 (computer-based)
IELTS7.0 overall
Exceptions to English proficiency score requirements may be made with the approval of Graduate and Postdoctoral Studies, depending on the overall application strength. GRE scores are required and not waived. Unofficial transcripts can be submitted with the application, but official transcripts are required before enrollment.
Fees
Tuition (international)Tuition fees are not specified. All admitted students receive an offer of financial support, which typically covers tuition and living expenses.
Tuition (home)Tuition fees are not specified. All admitted students receive an offer of financial support.
LivingEstimated living costs are not specified. Financial support offered to admitted students usually includes living expenses.
An $85 application fee is required, but there are periods in the fall when this fee may be waived by Rice University for eligible applicants.
How to apply
1. Prepare Application MaterialsGather all required documents, including transcripts from all post-secondary institutions, and arrange for three letters of recommendation from individuals who can speak to your scholarly abilities.
2. Take Standardized TestsComplete the GRE and English proficiency tests (TOEFL or IELTS) well in advance of the application deadline to ensure scores are available.
3. Submit ApplicationComplete and submit the online application form, including unofficial transcripts and test scores. Pay the application fee, or confirm eligibility for a waiver.
4. Interviews (if shortlisted)Shortlisted candidates may be invited to participate in a Zoom interview.
5. Submit Official DocumentsIf offered admission, provide official transcripts within 30 days of the offer letter. Official test scores may also be required.
Scholarships
Financial SupportNot specified
Frequently asked questions
What are the application deadlines for the PhD in Economics program?
+
The application deadline is December 15th. Standardized test scores (GRE, TOEFL/IELTS) should be completed by November to ensure they are available by the application deadline.
What are the entry requirements for international applicants?
+
International applicants need a strong academic record in economics and mathematics, including multivariate calculus and linear algebra. English proficiency is demonstrated by a TOEFL score of 90 (iBT) or IELTS of 7.0. GRE scores are required.
Does the program offer financial support to admitted students?
+
Yes, all admitted students receive an offer of financial support, which typically covers tuition and living expenses. This is a key highlight of the program.
What is the duration of the PhD in Economics program?
+
The program structure is designed for completion over 5 years, with Years 1 and 2 focusing on coursework and Years 3-5 dedicated to research and dissertation.
What are the typical career paths for graduates of this program?
+
Graduates are prepared for academic positions as professors or researchers, economist roles in government agencies, analysts in financial institutions, and researchers in think tanks and private sector firms.
Is there an application fee for the PhD in Economics program?
+
An $85 application fee is required. However, there are periods in the fall when this fee may be waived by Rice University for eligible applicants.