Pursue PhD in Economics at University of Warwick

Do you dream of tackling complex economic issues through cutting-edge research? If so, the University of Warwick PhD Economics program could be the perfect springboard for your ambitions. This prestigious program offers exceptional training, mentorship from world-class faculty, and a supportive environment to help you become a leader in the field. Read this blog further to know more about this exciting academic journey.

Program Structure	2+4 years (MRes/PhD) (full-time)
Current Ranking	#1 in the UK (The Good University Guide 2024) #4 in Economics (The Complete University Guide 2024) #=23 in World (QS World University Subject Rankings 2024)
Start Date	16 September 2024
Application Status	Application starts from 1 November 2024 for 2025 entry (Closed for 2024 entry)
Pre-requisites	MRes in Economics from Warwick or another institution with similar curriculum and excellent grades
Tuition Fees	GBP 23,065 (Year 1) GBP 13,440 (Year 2)

University of Warwick PhD Economics: Overview

The University of Warwick PhD Economics is an integrated program (MRes/PhD) with 2 years of Master of Research (MRes) followed by 4 years of doctoral study. It provides unique training opportunities to students in advanced economics. It also offers professional training in modern economics through various analysis tools and techniques at the discipline’s forefront and their practical application in research.

You’ll be guided by world-class researchers who are at the forefront of their fields. Moreover, the department provides a supportive environment to help you succeed in your research endeavours. Admission is competitive, and all PhD students must have completed the MRes in Economics at Warwick or a very similar program elsewhere with excellent grades. To get you started strong, they offer a 2-week pre-sessional program to brush up on your math and statistics skills before the official term begins.

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University of Warwick PhD Economics: Research Areas

According to the 2021 Research Excellence Framework (REF), 99% of research of the Economics department at the University of Warwick was rated internationally excellent or world-leading. This catapulted the institute’s department to the #2 position in the entire UK. Given below are the research areas actively being pursued at Warwick:

• Applied Economics
• Development Economics
• Econometrics
• Economic History
• Economic Theory
• Education
• Experimental and Behavioural Economics Modules
• Industrial Economics
• International Economics
• Labour Economics
• Macroeconomics
• Political Economy
• Public Economics

Modules

After the pre-sessional program, the University of Warwick PhD Economics has the following core modules in its academic curriculum for researchers:

Year	Modules
1	Advanced Microeconomic Theory Advanced Macroeconomic Analysis Advanced Econometric Theory The Practice of Economics Research
2	MRes Dissertation

Optional Modules: Students can also choose from the following range of electives to help tailor their research per their requirements:

• Macroeconomics
• International Economics
• Development Economics
• Advanced Economic Theory
• Economic History
• Political Economic Theory and Experiments
• Empirical Political Economy
• Labour Economics
• Advanced Econometrics
• Industrial Organisation and Data Science

Progression Criteria

Students wanting to proceed to the University of Warwick PhD Economics must show a strong academic performance in the MRes program. By the end of the PhD’s fourth year, they must submit their thesis by the spring of the following year. 

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University of Warwick PhD Economics: Tuition Fees

The tuition fees for the University of Warwick PhD Economics are paid separately for each year. Keep in mind that the fees for this program vary for each academic year, so make sure to check the university’s official page for confirmation. Given below is a breakdown of the fee structure for 2024-25:

Economics (MRes + PhD) – Year 1	GBP 23,065
Economics (MRes + PhD) – Year 2	GBP 13,440

University of Warwick PhD Economics: Entry Requirements

The entry requirements for the University of Warwick PhD Economics for international students are as follows. For more specific criteria set, you can visit the university’s official website:

1. You need an undergraduate degree (First class) or equivalent in a related subject and/or Distinction in Master’s.
2. Also, you must have a score of 800/166 on the GRE General Test.
3. English Language Requirements: IELTS – 7.0 overall, with 2 minimum component scores at 6.0-6.5 and the rest at 7.0 or higher.

How to Apply for University of Warwick PhD Economics Program?

The University of Warwick PhD Economics program welcomes applications from international students, but they don’t directly recruit PhD students. All PhD students enter through the MRes in Economics program, which acts as the first two years of your doctoral studies. Here’s the application process for the same:

1. Confirm you meet the general entry requirements for the MRes program.
2. Applications typically open on 1 November and close on 15 January of the following year. Double-check the application deadlines for your desired intake year on the official program page.
3. Submit your application through the University of Warwick’s application portal. Moreover, you’ll need to upload supporting documents with your application.
4. Research and apply for the appropriate UK visa well in advance, considering processing times.
5. Explore funding options such as scholarships and research assistantships offered by the University or external bodies.
6. Also, consider contacting the Doctoral Programmes Office at the Department of Economics to discuss your background and research interests.

Documents Required

• Academic transcripts
• Reference letters
• A personal statement
• GRE General Test quantitative section score (optional)
• English Language Proficiency test scores (IELTS)

Scholarships and Funding

As an overseas student pursuing the University of Warwick PhD Economics, you can also avail of many scholarships and funding to support your studies and research. Some of these financial aids are as follows, along with their eligibility criteria, award amount, and application deadline:

Scholarship	Eligibility	Award Amount	Application Deadline
Centre for Lifelong Learning (CLL) PhD Scholarship Programme	Students who submitted an application for Warwick’s PhD programme and received an offer	Covers full fees for 3 years	30 April 2024
Chancellor’s International Scholarships	Students applying for a PhD at the Warwick starting in October 2024	Covers payment of full tuition fees, and provides a maintenance stipend for 3.5 years and a Research, Training and Supporting Grant (RTSG) of GBP 5,000	To be announced
COLFUTURO	Students having an unconditional offer for a full-time postgraduate taught/research course at the University of Warwick for 2024/25	20% to 50% reduction on tuition fees	29 February 2024 (closed)
ESRC Midlands Graduate School DTP	–	Full academic fee payment and a UKRI-level stipend for 4 years	23 January 2024 (closed)

Career Scope 

Graduates of the PhD in Economics at University of Warwick thrive in a range of disciplines, be it in academics, research, or the professional world. Here are the top job roles you can expect to assume after completing the program: 

Job Roles	Average Annual Salary in the UK
Economic Consultant	GBP 55,79
Academic Researcher	GBP 33,656
Policy Analyst	GBP 38,900
Financial Analyst	GBP 50,260
Data Scientist	GBP 59,697

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FAQs

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