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MCMASTER UNIVERSITY, HAMILTON, ONTARIO - PROGRAMS

Hamilton, OntarioLOCATION
UniversitySCHOOL TYPE
Estd 1887Established Year
  33147Enrollment

Doctor of Philosophy [Ph.D] (Economics)

 4 years
 full time
  English
 on campus
  Thesis Based

Field of Study

$ 3,154 

1st Year
Fees

International Student Tution

Check Detailed Fees

Program Description

  • 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.

Program Highlights

Degree Type Offered Doctorate
Duration4 years
Fees$ 14,068 for 4 years
Delivery TypeFull Time
Admission Intake Fall (Deadline - Jan 15)
Language Proficiency TOEFL,IELTS,PTE
ExamsGRE
Program Urlhttps://www.economics.mcmaster.ca/programs/doctor-of-philosophy-in-economics

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.


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.


Application Deadline

Fall
Jan 15


Scores Required

92 / 120

Avg. Score in

TOEFL

7 / 9

Avg. Score in

IELTS

60 / 75

Avg. Score in

PTE

309 / 340

Avg. Score in

GRE


Fees & Funding

Tution & Application Fees

Year/headYear 1Year 2Year 3Year 4
Tuition fees$3154$3154$3154$3154
Health insurance$203$203$203$203
Other fees$160$160$160$160
Total fees$3517$3517$3517$3517

Living Costs

HeadAvg Cost Per Year
Room and food (on-campus)$ 9,195
Housing (off-campus)$ 4,860

Ranking

Academy Ranking of World Universities 2020

Ranked #151/ 500

Economics [ International ]


Scholarship Grants & Financial Aids

NameAmountInternational Students EligibleApplication Deadline
Ontario Trillium Scholarship $28,961 Yes N/A
Ontario Graduate Scholarship $10,847 Yes N/A
Go Clean Scholarship $3,500 Yes 31 Dec, 2020
Ellis R. Ott Scholarship for Applied Statistics and Quality Management Variable Yes 01 Apr, 2020
Pierre Elliott Trudeau Foundation Doctoral Scholarships Variable Yes 03 Jan, 2021
BrokerFish International student scholarship $1,000 Yes 21 Dec, 2020
JN Tata Endowment Scholarship Variable Yes 09 Mar, 2020
Debesh Kamal Scholarship $1,385 Yes 30 Apr, 2020
Paul Foundation scholarships $20,174 Yes N/A
Forktip Women’s- Innovation Scholarship Variable Yes 30 Aug, 2020
Ontario Graduate Fellowship $8,459 Yes N/A
Show More

VISA & Work Study

VISA

  • Students are required to get a Study Visa to study in Canada.
  • If students are traveling outside Canada will need either an Electronic Travel Authorization (ETA) or a Valid Temporary Resident Visa (TRV) to re-enter Canada.
  • The cost of the study visa is 112 USD and is valid for the length of the student’s study program, plus an extra 90 days.
  • Students need a Social Insurance Number (SIN) to work in Canad and to get the SIN, students will need to bring a passport and study visa.
  • At the time of VISA application, students need to provide various documents:
    • Application form and Study Plan
    • Valid Passport
    • Official Acceptance Letter
    • Financial Evidence

Work Study

Students need a work-Study visa to work in Canada. Full-time international students studying at a Canadian university may seek employment in Canada in 4 situations:

  • on-campus employment
  • co-ops employment
  • working off-campus
  • post-graduation work visa

The McMaster Work Program gives students opportunities to work on campus during the fall/winter terms and over the summer.

  • First-year international students are not eligible for the fall/winter work program but can apply for the summer after their first year and every year beyond.
  • International students with a valid study visa are eligible to participate in McMaster’s work programs.
  • Students can work Part-time at a maximum of 10 hours per week in the fall and winter terms.
  • Students can work Full-time of 35 hours per week and part-time over the summer.

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


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