Doctor of Philosophy [Ph.D] (Economics)
STEM Course
4 years
Full Time
On Campus
Field of Study:
₹1.9 L/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.
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹193656 (CAD 3154) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Food (On-Campus) | ₹564573 |
| Housing (Off-Campus) | ₹298404 |
| Total Cost | ₹885265 |
| Health insurance | ₹12464 |
| Other Fees | ₹9824 |
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
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.
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 student₹ 6.7 L/Yr$10,847 | Level Of StudyDoctorate | TypeCollege-Specific | |
| BrokerFish International student scholarship | Scholarship per student₹ 61,400/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| QS scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| Paul Foundation scholarships | Scholarship per student₹ 12.4 L/Yr$20,174 | Level Of StudyDiploma | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student₹ 2.1 L/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based |
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