Information about the application and admission process for the MRes/PhD Economics (hereby referred to as PhD Economics).
LSE has a well-established infrastructure for admitting and funding PhD students in the Department of Economics. We have a Chair and committee for both PhD Admissions and PhD Recruitment. In addition we have a dedicated professional staff at School and Department level dealing with funding and admissions. Applications are processed centrally through the Graduate Admissions Office.
There is a strict application deadline for the PhD Economics 2020 entry. All applicants are advised to read the MRes/PhD Economics 2020 prospectus page.
Admissions FAQs (2020 entry)
Below you will find various FAQS categorised by application, post application, funding and programme queries.
For direct entry to the PhD Economics programme there is an application deadline of 12 December 2019. Complete applications must be received by the LSE Graduate Admissions Office by 23.59hrs (UK time) on 12 December 2019. We will not be able to accept any materials that arrive after the deadline; only complete applications supplied with all required supporting information by 12 December 2019 will be considered.
The deadline to submit an application is 23.59hrs (UK time) 12 December 2019. Candidates are encouraged to apply early rather than wait until very close to the deadline to avoid unforeseen circumstances (eg. technical issues) preventing timely submission. Applicants who are considering re-taking the GRE test to improve their scores should do so in time to submit their new scores by the application deadline. The Department cannot accept new GRE scores after the application deadline.
Your application should include:
- An application form
- Application fee
- Statement of academic purpose
- Two academic references
- GRE scores
- Research statement (see guidance on the Research statement below)
- A separate list of all the courses you are currently taking and/or will be taking (if you are currently undertaking a degree programme)
- English language test scores (if applicable - see English language requirements)
For a full explanation of what you need to supply, please see Graduate Admissions advice on How to Apply and guide to Supporting Documents.
Questions about the mechanics of the application process should be submitted to LSE’s central Graduate Admissions Office. See how you can Contact the Graduate Admissions Office.
A full range of Graduate Admissions guidance and information is available via their Admissions Enquiries page.
For any other queries, please contact the Graduate Admissions Office. To email Graduate Admissions, please first try to find the answer to your question by running a search on the online enquiries system where you will see the option to directly “send a written enquiry” to the Graduate Admissions Office .
No, applicants to the PhD Economics are not required to submit a sample of their written work. We will, however, require a research statement.
Yes, the Statement of academic purpose is a school-wide requirement as it helps our academic selectors understand your personal motivation for undertaking the programme and gives you the opportunity to explain your academic strengths, relevant interests and tell us what you can bring to the programme. This Statement can be brief (ideally not exceeding 1000 words).
Your Research statement should be submitted in place of the Outline research proposal, along with your application form and other required supporting documents, via the LSE online application system.
Please answer the following questions clearly and concisely. Max 200 words per question.
- Why do you want to do research in economics?
- Can you explain how your studies and experience make you suitable to do research in economics?
- Which aspect of the PhD do you think you will like the most? Which will you dislike the most? Why?
- Tell us about your favourite paper in economics. What do you like about it? How would you improve it?
- Write a comment for a general audience on ONE of the following topics
(i) Is inequality good for growth?
(ii) Do immigrants take the jobs of native workers?
(iii) Is CEO compensation excessive?
(iv) Is universal minimum income a good idea?
(v) Overall, has central banks' move to inflation targeting been a success?
(vi) Is culture an important determinant of differences in income per capita across countries?
(vii) Markets function well as information is aggregated efficiently through prices.
(viii) Elections are effective at disciplining politicians who do not have the public interest as their main goal.
If you have served as research assistant for an economist please ask that person to write a letter focussing on your research skills and describe your experience – reference point 2 (above) of the research statement.
If not, please list any evidence you think would be valuable. Examples include but are not restricted to: experience working autonomously under stress without any guidance, demonstration of creativity in any form, experience of writing original research.
This is neither necessary nor desirable. Applicants must submit a complete application by the published deadline. There is a formal review process whereby the Department will decide if we can offer candidates a place on the programme. The allocation of a supervisor is done after completion of Year 1 of the programme, based on each student's area of interest and availability of faculty. There is no presumption that a student will be allocated the supervisor of their own choice, or any member of faculty they may have contacted before/during the application process.
All applicants must have taken the GRE General Test and must include the test score with their application. For details of how to take the test, see the ETS website. The GRE has three sections: Verbal, Quantitative and Analytical. High GRE scores, especially in the Quantitative section, will further strengthen a good application. Most successful PhD Economics applicants have scores of 166 or more in the quantitative section. Applicants must enter their full and percentile GRE scores for all three sections. The test scores should be less than five years old on 1 October 2020.
No. The GRE score requirement is irrespective of academic background and cannot be waived for anyone applying to the PhD Economics.
No, the MRes is an integral stage of the PhD Economics programme, and may only be taken by students who are committed to completing a PhD, subject to satisfying progression requirements.
Applicants who commence/are already undertaking a PhD programme in another institution will not normally be allowed to transfer directly into a later stage of our PhD Economics. Such applicants would be expected to submit a full application to the programme like any other candidate and, if offered a place, would be required to undertake all parts of the course from the start of the programme, i.e. they would be registered as MRes students and undertake both years of the taught MRes programme along with the rest of the cohort. Exemption from parts of the PhD Economics, on grounds of having studied certain topics at a previous institution, will not normally be permitted.
Post application queries
As part of our recruitment process successful offer holders are invited to attend an Open Day where they will be able to meet and network with faculty and current MRes/PhD Economics students.
Applicants are, of course, very welcome to visit LSE on their own – see more details about a visit to LSE. There is open access to many parts of LSE's campus and visitors are welcome to take a self-guided tour using a campus map. LSE also has many public events which are often open to all, although some do require a ticket. There is also a Virtual Open Day on the LSE Website that you can access here.
- Receipt of application by the School’s central Graduate Admissions Office
During this phase, the Graduate Admissions team conducts checks to ensure you have included all of the required documents with your application. Please note, the Department will not receive your application until you have supplied all of the required documents, which must be submitted by the application deadline.
- Receipt and consideration of documents by the Department
Once the deadline passes and the Department receives all complete applications the Selection Committee begins its review of all applications, until they arrive at a final shortlist of candidates. This process usually takes around 4 weeks at the end of which the Committee holds its final meeting to decide on who to make an offer to.
NB: The Department of Economics does not hold interviews as part of its selection process.
- Consideration for funding
After the Selection Committee meeting, all applicants who are offered a place on the PhD Economics programme are reviewed by the Funding committee for consideration of all funding at our disposal. The Department cannot guarantee that all of those offered places to study will also be offered funding.
- Offer and post-offer
From early March onward, formal offers will be sent out by the LSE Graduate Admissions Office after carrying out its standard checks. The Department will also contact candidates to whom we wish to offer a place on the PhD Economics. At that stage, each candidate will be advised if they have been awarded funding, waitlisted for funding or have not been allocated funding at all.
- Unsuccessful applications
Candidates who are unsuccessful will be informed of the final decision by the Graduate Admissions Office. We typically expect this decision to be communicated to you around the beginning of March.
Admissions decisions will be made by a committee in the Economics Department. Applicants will be informed of the decision by early March 2020. If your application is successful, we expect you to let us know by 15 April 2020 whether you are planning to enrol.
The admission committee reviews all applications and offers a place to those candidates with sufficient research potential.
Applicants who have questions about their eligibility for applying to research programmes at the LSE should consult the LSE Minimum Entry Requirements and the programme-specific page for the programme to which they intend to apply. Also see additional information for international students. Meeting the minimum requirements is not a guarantee of admission. In fact, most successful candidates exceed one or more of the requirements.
We regret that we cannot provide any further information or comment on an individual's chances of admission prior to receiving a complete formal application. The committee will make their decision based on all the information submitted with the application, which should be submitted online to the central Graduate Admissions Office.
There is no separate process to apply for any funding which is administered and awarded by the LSE - as a matter of normal procedure, all applicants who are offered a place on our PhD Economics would be considered for all types of funding at our disposal and for which they are eligible, on the basis of the information submitted in their application - see Costs and financial aid (please check regularly for 2020 information updates).
As competition for places is very high and competition for funding is even more intense, we may not be able to offer funding to all PhD Economics students, hence applicants are advised to actively explore all sources of potential funding – see information in the School's Financial Support Office pages (please check regularly for 2020 information updates).
Offer holders are expected to only take up a place on the PhD Economics if they have funds in place to finish their degree; please be aware that it's very unlikely there will be any funding available from the Economics Department to fund PhD Economics students after they have started their degree. While there might be limited sources of funding at later stages of the PhD, e.g. from teaching or research assistant positions, these cannot be guaranteed nor can specific amounts (if any) be estimated at this stage.
Admissions decisions are made on the basis of academic merit alone, without any reference to an applicant’s financial situation. Applicants who are able to fund themselves or succeed in securing a scholarship or sponsorship from any source will be considered for entry to the programme in exactly the same way as applicants who have no funding in place. The same procedures and standards apply to all applicants competing for entry.
See the prospectus page for the PhD Economics programme – section “Programme structure and courses”. The PhD Economics programme is grounded in two years of coursework through the MRes component followed by three to four years of research through the PhD.
The PhD Economics is only offered on a full-time basis.
The program has the standard structure of top US programs with compulsory coursework in the first two years and research thereafter. As in most US programmes, students take core courses in year one and field courses in year two.
As per current programme regulations, a student who graduates at the end of the 2019/20 academic year with a Distinction in the LSE’s MSc Economics (1-year or 2-year programmes) or MSc Econometrics & Mathematical Economics, will be entitled to automatically progress into our PhD Economics starting in 2020.