Massachusetts Institute Of Technology - [MIT], Massachusetts, Cambridge - Courses & Fees

Cambridge, MassachusettsUniversity Private (Not for Profit) College

Ph.D in Economics at the Massachusetts Institute of Technology is offered as a 2-years program.
This university is ranked #1 in QS Global World University Rankings, 2022.
It is an on-campus program offered on a full-time basis only.
Graduates of the PhD program teach in leading economics departments, business schools, and schools of public policy. They work on congressional staffs and government advisory councils, and with organizations such as the World Bank, the International Monetary Fund, the National Economic Council, the Council of Economic Advisers, the Federal Reserve, and the Treasury Department.
They are also found among the most influential positions in the market economy, ranging from corporate executives to hedge fund managers to economic consultants.

Important Dates

Event	Start Date	End Date
Application Deadline For Fall 2024 Intake	Sep 1, 2023	Dec 1, 2023

Fees & Funding

Tution & Application Fees

Year	Year 1	Year 2	Year 3	Year 4	Year 5
Tuition Fees	₹4152789	₹4152789	₹4152789	₹4152789	₹4152789
Health Insurance	₹270967	₹270967	₹270967	₹270967	₹270967
Total Fees	₹4423756	₹4423756	₹4423756	₹4423756	₹4423756

Living Costs

Head	Avg Cost Per Year
Housing	₹2287764
Transportation	₹326006.37
Food	₹658726.83

Eligibility & Entry Requirement

Academic Eligibility:

Students require a Bachelor's degree or equivalent.
Students should have a strong quantitative background (the Accounting group requires calculus)
Students need to have exposure to microeconomics and macroeconomics (the Accounting group requires microeconomics)
Students should have at least a 3.5 GPA.

Indian Student Eligibility:

The student has graduated from senior secondary school or equivalent (those applying for a postgraduate program must have graduated from a university or college).
Students completed a bachelor's degree from an accredited institution with a grade point average of 3.5 or 60% in the final years of the program.

Submission of GRE scores is not compulsory for this program, however, 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 to get admission to this program.

Scores Required

7 / 9

Avg. Score in

IELTS

90 / 120

Avg. Score in

TOEFL

330 / 340

Avg. Score in

GRE updated

Required Document List

Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
Three Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
Statement of Purpose: This statement must describe your qualifications and the objectives of your intended educational program.
Personal Statement: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores

Course Guides

PhD in USA: Fees 2023, Top Colleges, Placements & Salaries

Scholarship Grants & Financial Aids

Name	Amount	International Students Eligible	Application Deadline
BrokerFish International student scholarship	₹82890	Yes	N/A
Debesh Kamal Scholarship	₹114802.65	Yes	N/A
Hani Zeini Scholarship	₹82890	Yes	N/A
QS scholarships	Variable	Yes	Jun 1, 2023