cambridge economics phd funding

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Economic and Social Research Council (ESRC) Doctoral Training Partnership

The University of Cambridge hosts an accredited ESRC Doctoral Training Partnership (DTP). The Cambridge ESRC DTP awards studentships through the University's Postgraduate Funding Competition.

A full ESRC DTP studentship award provides maintenance [£16,062 p.a at current rates] and University Postgraduate Fees at the Home rate.

DTP students also receive a personal allowance for additional training costs, and can apply for further funding to contribute to fieldwork costs, academic exchange, and collaboration with non-academic organisations. 

Studentships are available to home, EU and international candidates.

You MUST be nominated for an ESRC award by your Faculty/Department. They will automatically consider all eligible applicants who have applied for admission by the appropriate funding deadline and have indicated that they wish to be considered for ESRC funding.

Deadlines are specific to the course you are applying to. Please refer to the funding deadline provided for your course in the Postgraduate Prospectus. Any queries should be directed to the Faculty/Department in the first instance.

Awards will be offered during the period March to July 2023, if you have not had any correspondence by 1 August 2023 you should assume you have been unsuccessful. Awards cannot be deferred to the next academic year.

Award details

Funding is provided for four years for MPhil + PhD (1+3) students and 3 years for PhD students.

DTP students also receive a personal allowance for additional research and training costs and can apply for further funding to contribute to fieldwork costs, academic exchange, and collaboration with non-academic organisations. 

DTP students are required to attend compulsory training sessions and complete a training needs analysis each year.

Eligibility

Application process.

The training needs analysis form will be provided to you by your department to complete the relevant parts. The department will submit the completed form to us as part of their nomination process.

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Economics Postgraduate Student Fund

Give online to support Economics Postgraduate Student Fund

The Faculty of Economics has an international reputation for outstanding academic achievement, original research, collaboration and policy making in the UK and beyond. Our work makes a significant contribution to the understanding of the major global issues we face today across fields as diverse as education, conflict, trade, data, supply chains, climate change and economic policy.

Postgraduate students underpin the University’s work to transform our understanding of the world, and our students go on to be leaders and innovators in every corner of society. There are thousands of students out there who have the potential to make their mark on the world and help us solve global problems. And Cambridge must always be a place where they can do it.

Graduate students are a vital source of fresh eyes, new approaches and bold ideas. They learn, through research, to challenge perceived wisdom and to take the initiative to think creatively and laterally, to show resilience and attention to detail. And a more diverse cohort of students improves the robustness of debate, research and learning. It broadens the range of ideas, talents and intellects at work, and our graduates take this knowledge and skill forward to benefit society.

Supporting postgraduate students has an enormous impact on both the students as individuals and their ability to make a contribution to the wider world. Recent postgraduate students of the Faculty of Economics have gone on from Cambridge to exceptional roles, for example:

Margit Reischer studied under the supervision of Vasco Carvalho at Cambridge and received her PhD in 2019. She is now an Assistant Professor at the Department of Economics at Georgetown University, working on Macroeconomics, Production Networks and Applied Macroeconometrics, recently exploring financial frictions and co-movement in the US.

Zeina Hasna gained her PhD in Economics in July 2022 with research interests in macroeconomic development, fiscal policy and climate change. Her projects and papers look at climate change mitigation policies, macroeconomic consequences of climate volatility and the unequal effects of COVID-19 on the research of female economists. Zeina won the Cambridge Faculty of Economics Teaching Fellow Award in 2019-2020 and has gone on from Cambridge to be an Economist (EP) in the Research Department at the International Monetary Fund (IMF).

Please consider contributing to the Economics Postgraduate Fund by donating online or to discuss it in more detail please contact:

Make a gift now

Make a gift now to support Economics Postgraduate Student Fund by credit or debit card, or set up a direct debit:

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Mark Williams

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The Faculty of Economics at the University of Cambridge is one of the longest standing as well as being one of the leading economics faculties in Europe. The Faculty has a global reputation for outstanding academic achievement and world-class original research.

Fully Funded PhD Programs in Economics

Last updated May 13, 2022

Following ProFellow Founder Dr. Vicki Johnson’s article on How To Fully Fund Your PhD , we began a series on fully-funded PhD programs in various disciplines. In this article, you’ll learn about the many fully-funded PhD Programs in Economics that are available.

We have many fellowships for doctoral study and dissertation research in the ProFellow database ; however, external doctoral fellowships are highly competitive and are usually short-term. Therefore, we recommend researching PhD programs that provide full funding to all incoming PhD students. “Full funding” typically includes full tuition and a stipend for living expenses for the four to six-year duration of the student’s doctoral studies. Not all universities provide full funding to their doctoral students, which is why we recommend researching the financial aid offerings of all the potential PhD programs in your academic field, including small and lesser-known schools both in the U.S. and abroad.

Below is a list of universities that offer full funding to all of the admitted students to their PhD Programs in Economics:

Would you like to receive the full list of more than 1000+ fully funded programs in 60 disciplines? Download the FREE Directory of Fully Funded Graduate Programs and Full Funding Awards !

1. Cornell University, Department of Economics

(Ithaca, NY): Financial aid packages for incoming students are typically guaranteed, given satisfactory performance, through the Spring semester of the fifth year of study. Graduate research and teaching assistantships cover tuition, as well as an academic year stipend and medical insurance.

2. Harvard University, Department of Economics

(Cambridge, MA): Economic students receive full tuition and stipend support while they are enrolled and making satisfactory progress toward their PhD degree.

3. University of Pennsylvania, Wharton School of Business, PhD in Applied Economics

(Philadelphia, PA): All admitted Wharton doctoral students are provided guaranteed funding for five years that covers the cost of tuition, fees, health insurance, and a stipend. In contrast with other top Economics PhD programs, Wharton only requires one semester of teaching assistant work during the program’s third year, and one semester of research or teaching assistant work during the fourth year.

4. Vanderbilt University, PhD in Law and Economics

(Nashville, TN): Students are fully funded by a competitive package of fellowship support covering tuition and stipend for both degrees.

5. Massachusetts Institute of Technology, PhD in Economics

(Cambridge, MA): Scholarship offers include full tuition for the academic year, health insurance, and a stipend/salary to cover living expenses for the nine-month academic year. Continuation of financial aid for years two through five is dependent on satisfactory academic progress. In the third through fifth year, financial aid typically takes the form of a Teaching or Research Assistantship. The 9-month stipend for teaching assistantships is about $35,000.

6. Fordham University, PhD in Economics 

(New York City, NY): Fordham offers a 3-year fellowship package with optional funding for two to three additional years.

7. Binghamton University, PhD in Economics

(New York, NY): Approximately two-thirds of full-time Ph.D. students in the Economics Department are supported by fellowships and assistantships carrying an annual stipend plus a tuition scholarship and medical insurance. These awards are based exclusively on academic merit.

8. Duke University, PhD in Economics

(Durham, NC): 90 percent of admitted students or more receive six years of funding, so long as they remain in good academic standing.

9. Rice University, PhD in Economics

(Houston, TX): All admitted students receive an offer of financial support covering five years in return for a teaching or research assistantship. Continuation of the financial support beyond the first year is contingent upon satisfactory academic progress. Funding may be available beyond the fifth year for students who show exceptional promise.

10. Emory University, PhD in Economics

(Atlanta, GA): Students in the Economics Ph.D. program at Emory typically receive full funding for five years through the Laney Graduate School, as long as they make good academic progress.

11. Columbia University, PhD in Economics

(New York, NY): Columbia offers multi-year financial aid packages to admitted students that include fellowships and appointments to teaching and/or research positions. PhD students receive an annual stipend, tuition, and health fees for five years if they remain in good academic standing.

12. University of Kansas, PhD in Economics

(Lawrence, KS): Each year, a class of 7-10 students is awarded full funding. The five-year financial support package typically includes a full tuition waiver, a paid assistantship position, funding for conference travel, and more.

13. University of Wisconsin-Madison, PhD in Economics

(Madison, WI): All students will automatically be considered for five years of funding during their doctoral studies. Admitted students receive a guarantee of support for years two through five, contingent on maintaining satisfactory academic progress.

14. Johns Hopkins University, PhD in Economics

(Baltimore, MD): The department guarantees financial support for a minimum of five years of graduate study through a teaching or research assistantship conditional on satisfactory performance. The departmental fellowship covers full tuition costs plus an annual stipend of $33,000 and full student health insurance coverage.

15. University of California-Santa Barbara, PhD in Economics

(Santa Barbara, CA): The Department expects to offer a full financial aid package to all accepted Ph.D. students, which will cover full tuition, health insurance, and a stipend. Financial aid packages, which are a combination of Teaching Assistantships and fellowship money, are guaranteed for five years for students making satisfactory progress.

For application tips on applying to a PhD program, see  How To Get Into a Fully Funded PhD Program: Contacting Potential PhD Advisors .

© Victoria Johnson 2020, all rights reserved.

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Fully Funded PhD Programs , PhD in Economics

ProFellow’s 2014 Year In Review

The german chancellor fellowship: 3 questions with kari foss, 1 thought on “fully funded phd programs in economics”.

Thanks for this article, I found it helpful.

You can add Yale and Princeton to this list (based on information available on October 13, 2016).

http://economics.yale.edu/graduate/application-info (under Financial Assistance) https://gradschool.princeton.edu/costs-funding (paragraph beginning with “Princeton guarantees funding…”)

These might even apply more broadly than just the economics PhD program too!

Comments are closed.

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Description

Most of our PhD students spend their second year away from Cambridge, conducting their fieldwork for which some limited financial assistance is available.

A part-time PhD route is available and proceeds in a similar sequence but over a longer duration, with a maximum allowed length of seven years. Candidates who intend to carry out fieldwork as part of their doctoral research cannot be considered for the part-time route.

In the first year of the PhD programme there is a focus on training in research methods and transferable skills. Students will take a Research Methods course and it is compulsory for all first year PhD students to attend, including part-time students. Students are also encouraged to attend seminars and other events that are organised by the Centre of Development Studies and departments throughout the University, such as the Social Sciences Research Methods Centre .  All candidates for the PhD programme are not at first registered for the degree, as they have to pass a  registration exercise  towards the end of the first academic year of study. The registration exercise aims to ensure that the candidate’s project is viable, that an appropriate methodology has been developed, and that the candidate is capable of carrying the project through successfully. Failure to pass the registration (which may be repeated only once) will result in removal from the course. Details of First Year Assessment for current First Year students are found on Moodle.

Transferable Skills Training  is available through the University and further information can be found  here . 

PhD students are invited to give a presentation on their own research at seminars run by the Centre. This is a great opportunity to develop presentation skills and receive valuable feedback from both senior academics and peers relating to their thesis. Presentation of a paper at one of these seminars is a requirement of the PhD programme.

The essence of the Cambridge experience , however, is that the PhD candidate works closely with the PhD supervisor. He or she will help the candidate develop the thesis project through discussion and the review of draft materials presented by the candidate. 

The process of working on the thesis will differ from candidate to candidate, depending on their project, their preferences and the style of supervision adopted. However, in general, it is expected that the first year will be devoted not only to completing the Research Methods modules, but also to the development of a detailed and well thought-through thesis outline and methodology. In particular, at the outset, the student should devote some time to considering how they will be making an original contribution to the field through their work.

As members of a research-oriented institution, Cambridge University academic staff are entitled to sabbatical leave . As a result, it is possible that in any particular term or year one of the members of the academic staff may be away. The University always endeavours to make appropriate arrangements for substitute teaching, but occasionally one or another option may be suspended during a staff member's leave.

By the end of the programme , candidates will have acquired excellent skills, experience and knowledge to undertake postdoctoral work (research, teaching or both) or another profession related to the field of development studies. 

For details of the virtual Postgraduate Open Day, held in November each year: Postgraduate Open Day

The  fees and funding  page contains details of schemes specific to this course., the  frequently asked questions page should cover anything else that the other pages have missed.

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MPhils fees and…

MPhils fees and funding

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Fees for your MPhil

Master of Philosophy tuition fees for 2024/25:

£17,022 (home fee status) £41,694 (overseas fees status)

£14,490 (home fee status) £36,744 (overseas fees status)

£14,490 (home fee status) £36,744 (overseas fees status)

£36,744 (applies to both home and overseas fee status)

If you are unsure of your fee status, you can find the criteria for classification on the University website

Visit the Postgraduate Study website for the most up-to-date information on programme fees:

Go to the University fees page

Supporting your study: the cost of living 

Your cost of student living and course fees are your minimum financial commitment to a full-time study stream. You’ll need to show that you’ve considered how you’ll cover the costs before you can make a start at the University.  

Use the University of Cambridge maintenance calculator to estimate your basic living costs and personal expenses, like rent/accommodation, food, domestic bills, books, travel around Cambridge, personal computer equipment etc. There may also be other additional costs, eg fieldwork costs, additional bench fees, or equipment costs.

Use the University of Cambridge maintenance calculator

All MPhil applicants can enter the University of Cambridge Postgraduate Funding Competition . Deadlines will be published in the Postgraduate Funding Search database .

Sources of funding include the Gates Cambridge Trust, Cambridge Commonwealth Trust and Cambridge International Scholarship Scheme. 

Please note that if you are a US citizen applying for Gates funding, an earlier deadline applies. 

Cambridge Trusts funding deadlines: 

• October for Gates US applicants (exact date TBC)
• December for applicants from all other countries (exact date TBC)

Funding and aid: Graduate funding and aid

At the graduate level, financial aid is largely decentralized, as available funds are managed directly by departments.

Funding is usually available from each individual department to support doctoral students for the duration of their time at MIT. Typically, at the time of admission, doctoral students receive offers of funding in the form of research and teaching appointments or fellowships, which cover the cost of full tuition and health insurance, and provide a salary or stipend. Funding for master-level students is more limited, and depends greatly on the program of study , so students may be required to seek their own sources of funding or utilize student loans .

Graduate funding may take the form of research, instructor, and teaching assistantships, fellowships, traineeships, scholarships, grants, and/or other forms of employment , such as working as a resident advisor in an undergraduate residence.

Please note: Applicants are considered for funding after they have been accepted into a graduate program. There is no separate application for financial aid prior to admission for any program of study.

Funding for students in need

MIT provides assistance to graduate students experiencing financial hardships , has established new ranges to stipends and changes to health insurance rates and plan benefits, and offers additional health and well-being support resources .

Hardship funds are tax-reportable income and may reduce eligibility for educational loans. If you want to explore how a fund of this type would impact you, please contact us to discuss your options.

What are you looking for?

Financial support.

Each student entering the PhD in Economics program is offered a five-year financial support package: two years of support via fellowship (years 1 and 5) and three years of support via graduate assistantships (years 2, 3, and 4). During the first year, each student will be on a fellowship and their financial support will be renewed yearly afterwards, contingent upon passing the Core Theory Examination and maintaining good academic standing.

Effective AY2024-25, the five-year financial support package includes a $40,000 yearly stipend, health and dental insurance, and coverage of most mandatory university fees.

Program Funding

The Graduate School Fellowship is merit-based and supports two years of study, usually years 1 and 5. The other three years of study (usually years 2, 3, and 4) are supported via graduate assistantships (TAships or RAships). All who apply for admission to the PhD in Economics program are considered for the GS Fellowship. The GS Fellowship provides a monthly stipend and tuition, up to 12 units for each fall semester and up to 12 units for each semester. The Graduate School Fellowship also covers health insurance and dental insurance fees.

An annual teaching assistantship provides a student with a monthly stipend and covers tuition costs, normally up to 12 units for each fall semester, 12 units for each spring semester, and 12 units for each summer term (if summer coursework is necessary). Teaching assistants must be on campus before or by the first day of classes and must attend all the course’s lectures, hold office hours (at least three hours per week), as well as grade assignments and exams. TAs must remain in town until the final examinations have been graded. TAs work an average of 20 hours per week. First-time TAs must attend the mandatory Dornsife College TA Training the week before classes begin and attend the weekly TA Workshop offered by the Department. All new TAs must enroll in ECON 593x: Practicum in Teaching the Liberal Arts (2.0 units).

Some international students must sit for an English proficiency test and be cleared to teach in order before working as a TA. Please contact the International Teaching Assistant (ITA) Coordinator at [email protected] or (213) 740-0079 to schedule the exam or request an exemption. Based on test results, some international students may be required to take an American Language Institute (ALI) course in addition to other coursework and duties.

• Handbook for Teaching Assistants (TAs), Research Assistants (RAs), and Graduate Assistant Lecturers (ALs)
• USC Center for Excellence in Teaching
• USC Dornsife Teaching Assistant Handbook

Research assistants are usually hired by individual professors. The precise nature and pay for each research assistantship can vary. A full research assistantship provides a monthly stipend and covers tuition costs, usually up to 12 units per corresponding semester. An RAship also covers health insurance and dental insurance fees. Other mandatory fees are each student’s responsibility to pay. The Department, CESR, and/or Schaeffer Center may advertise some RA positions during summer terms.

• Conference Travel Limited funding is available for conference travel to those who are invited to present research papers. The Department will cover up to $500.00 per conference trip. Please submit a copy of the invitation or conference program that shows you as a presenter along with receipts for reimbursement.

Limited Department funding is available for summer terms via the following sources:

• Outstanding TA Award
• Outstanding Second-Year Paper Award
• Outstanding Third-Year Paper Award
• Summer Research Award*

*The announcement for Summer Research Awards is emailed to PhD students during the preceding spring semester.

Additional Funding Opportunities

During the three years that students are on graduate assistantships (TAships or RAships), they can apply for other fellowships and assistantships. The following research centers are USC frequently hire economists to work as RAs:

• The Los Angeles Behavioral Economics Laboratory (LABEL)   frequently invites PhD in Economics students to apply for fellowships addressing NIH- and NSF-funded projects in experimental economics and neuro-economics.
• The  Center for Applied Financial Economics (CAFE)  frequently invites PhD in Economics students to apply for fellowships.
• The   Center for Economic and Social Research (CESR)   frequently seeks to hire research assistants.
• The   Schaeffer Center for Health Policy and Economics (Schaeffer Center)   frequently invites PhD in Economics students to apply for fellowships addressing health economics, and the center frequently seeks to hire research assistants.

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Course closed:

Economic Research is no longer accepting new applications.

The MPhil in Economic Research provides runs from early September to the end of July and provides a solid foundation for those who wish to apply for the PhD. It involves a thorough study of the core areas of economics and the requirement to explore one area in detail to begin the process of choosing a research topic, for those who wish to pursue further study. However, please note that it is not necessary to have a detailed proposal for PhD research at the time of applying.

Learning Outcomes

On completion of the MPhil degree students should have:

• acquired advanced technical training in microeconomics, macroeconomics, and econometrics;
• acquired, through optional papers, some knowledge of work at the frontiers of the subject in particular areas;
• begun to acquire independent research skills and experience of putting them into practice;
• acquired experience and guidance in formulating a realistic research topic and prepared written work to a strict timetable; and
• acquired sufficient knowledge and understanding of advanced economics to proceed to a research degree.

All PhD applications are judged on their own merits and against standard admissions criteria, which include achieving 70% or above in the MPhil Economic Research. Please note that successful completion of the MPhil does not necessarily guarantee acceptance onto the PhD programme.

The Postgraduate Virtual Open Day usually takes place at the end of October. It’s a great opportunity to ask questions to admissions staff and academics, explore the Colleges virtually, and to find out more about courses, the application process and funding opportunities. Visit the  Postgraduate Open Day  page for more details.

See further the  Postgraduate Admissions Events  pages for other events relating to Postgraduate study, including study fairs, visits and international events.

Key Information

10 months full-time, study mode : taught, master of philosophy, faculty of economics, course - related enquiries, application - related enquiries, course on department website, dates and deadlines:, michaelmas 2024 (closed).

Some courses can close early. See the Deadlines page for guidance on when to apply.

Funding Deadlines

These deadlines apply to applications for courses starting in Michaelmas 2024, Lent 2025 and Easter 2025.

Similar Courses

• Economics MPhil
• Economics AdvDip
• Economics PhD
• Finance and Economics MPhil
• Technology Policy MPhil

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MPhil in Economics

• Course Modules
• Advanced Diploma in Economics
• MPhil in Economic Research
• MPhil in Finance and Economics
• MPhil in Economics and Data Science
• PhD in Economics

This master’s degree is intended to equip you with the tools needed by a professional economist. The degree will give the technical training required to undertake a career in government, central banking, international organisations or private sector firms such as economic consultancies.

The Course will provide a broad analysis of macroeconomics and will contain a mix of theory, policy and empirical evidence. Microeconomics will cover the standard economic models of individual decision-making with and without uncertainty, models of consumer behaviour and producer behaviour under perfect competition and the Arrow-Debreu general equilibrium model. Econometrics will give a solid understanding of basic applied econometric methods in order to be able to analyse different kinds of economic data.

To obtain the degree of MPhil in Economics, students need to:

• Attend the preparatory course in mathematics and statistics . The prep course runs from early-September to early October. Its aim is to review and develop the required technical methods for the compulsory core modules in macroeconomics, microeconomics, and econometrics. The topics covered are: linear algebra; statistics; static optimisation; dynamic optimisation; differential and difference equations. Students are expected to pass a two hour examination at the end of this preparatory course.

• Candidates are required to attend and be assessed on 3 compulsory modules and 4 optional modules. Compulsory modules consist of both lectures and classes. Please note that this course does not have a dissertation option.

Examination of the Modules will take place in April-June.

Continuation to PhD

The MPhil in Economics is designed for students who wish to obtain a one-year master's qualification before leaving academic economics.

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