phd personal statement economics

Sample Economics Personal Statement (admitted to Oxford, Cambridge, LSE)

by Talha Omer, MBA, M.Eng., Harvard & Cornell Grad

In personal statement samples by field.

The following personal statement is written by an applicant who got accepted to top graduate programs in economics. Variations of this personal statement got accepted at Oxford, Cambridge, and LSE. Read this essay to get inspiration and understand what a top economics school PS should look like.

You might also be interested in reading this Statement of Purpose in Economics  that got admitted to Harvard, Yale and Princeton.

Sample Personal Statement Economics

“Flick…chuggachuggachuggaa…puttt-putttt-puutttttt…rizzzz…”

The sounds coming from near the doorway may have startled an outsider but were barely noticed by the people lounging on charpoys and mooras (wicker stools). With the atmosphere abuzz with their chatter, the sputtering sound of the diesel generator lent more time to catch up as the bulbs lit up and fans whirred on throughout the haveli (palace) on an otherwise hot evening. But on days when it refused to crackle, my grandmother would enkindle gas lanterns filling the veranda with hissing sounds and soothing moonlight rays.

I still cherish these memories from my childhood trips to XYZ, my native village, some 450kms from the closest city. At the time, the short sojourns from Kuwait felt rather adventurous. However, the perspective turned wrong when I permanently moved to XYZ. Due to unannounced electricity breakdowns, we would find ourselves groping in the dark to the closest candle stand while sweating in the scorching summer.

And just when we thought it couldn’t get worse, the occasional power breakdowns segued into a full-blown crisis of the decade. Over the next seven years, we witnessed unprecedented power outages averaging 15-18 hours daily. People weren’t just lamenting the loss of mental peace; they were mourning the monetary losses worth billions of rupees translating into 1.5% of GDP.

Fast forward 15 years, and I found myself in a position to alleviate the situation. As Deputy Administrative Head of the Government’s Economic Affairs division, I administer a departmental budget worth $500 million. I am currently undertaking solarization projects. A recent shift towards renewables has occurred after public unrest during the early decade led to hasty investments in thermal-based power plants. Unfortunately, seven years later, we are still reeling from the aftermath of a bitter public backlash as we have the lowest regional electricity consumption per capita.

In addition to high tariffs, the energy sector has been marred by the accumulation of circular debt of $30 billion. This has been caused by multiple factors, such as electricity theft, transmission losses, and non-payment of dues. Having worked in Economic Affairs Division, I have also been part of a team that took massive power sector reforms, including:

• elimination of subsidies
• policy formulation on electricity theft and conservation 
• overhaul of sectoral regulatory bodies
• privatization of distribution companies et al.

However, as the Program ended, so did the reforms.

Regrettably, negative externalities from these energy woes have had spillover effects on all socio-economic sectors. The environment has especially poorly been affected by the process for the lack of an integrated generation and transmission policy framework in the renewable industry. Being a lower riparian state has also exacerbated climate change. We face extreme weather conditions – floods, droughts, smog, and diminishing water tables. Unable to agree on water issues not covered under the Indus Water Treaty has led to regular skirmishes and legal battles in the International Court of Justice.

Given the background, my country’s economic and Energy woes require a holistic understanding of the subject. This makes Economic policy specializing in Energy the right choice for my graduate studies. Furthermore, I can become an effective leader and economist in the sector through the interdisciplinary pedagogical approach covering policy, economics, management, law; practical skills; quantitative and qualitative analysis within an international context.

My aim is socio-economic development in tandem with confidence-building measures and strategic partnerships with the neighboring countries. Studying at Oxford will provide this learning opportunity in and out of the class as I will interact with some of the most brilliant minds worldwide and work in teams with them. I also look forward to student-led events, conferences, guest lectures, field trips, and panel discussions to augment my understanding of supranational political demands. This will help me lead economic policy reforms for the next 25 years.

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• Writing Personal Statements
• Each school will ask you to write a personal statement. While the prompts vary across schools, generally a personal statement will ask you to describe your research interests, qualifications, and career goals.
• Schools vary in their importance of the personal statement, but it is an area that students tend to have a lot of questions about.
• The personal statement should be clear and well-written. Be realistic about your career goals. While showing interest in research in economics is important, don’t spend too much time describing your passion for economics. This will be unlikely to persuade admissions committees. Get to specifics as soon as possible.
• For example, be as specific as possible in describing your past research and course experiences. For example, instead of writing, “I was a research assistant to Professor X and learned a lot through that experience”, spell out exactly what you did. Did you implement data analysis for Professor X? Was that analysis based on a recent methodological advance that you needed to figure out? What type of analysis was it? How did you solve the problems that occurred when implementing the analysis? Be as specific as possible. If you relied on coursework (for example, you proofread and edited a proof in a paper), mention the mathematical background that allowed you to accomplish this task.
• You should describe potential research interests, but you don’t need to know exactly what you would like to research in graduate school. Interests change, and it is unlikely admissions committee will place tremendous stock in the specifics of your research proposal. In describing potential research, you should write clearly about your interests and show that you understand how to discuss a potential research project in economics. You can ask an advisor or letter-writer to look over your personal statement.
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Chris Blattman

Phd applicants: writing your statement of purpose.

• January 11, 2022

I’ve read a lot of personal statements for PhD applications. I sat on admissions at UChicago, Columbia, and Yale, mostly in economics, political science, and public policy. Here’s the advice I’ve given my own students and research assistants to craft their statements. I give it because, sadly, I don’t find most statements helpful. This means they are not helping you, the applicant.

As with all my advice posts, it’s important that students outside elite colleges get this information, so here are some personal thoughts.

[Note: You can now subscribe by email to receive posts to your inbox.]

First, let’s clarify your number one job as an applicant: Send the best, clearest signal of your abilities as a future researcher, and minimize the noise around that signal. I explain why in a longer post on whether and how you should apply to PhD programs (including the other elements of an application packet):

the fundamental problems in graduate admissions are “information overload” and “noise”. For every slot in a PhD program, there are probably 30 to 50 applicants. A department that plans to have a class of 20 students may receive 1000 applications. Meanwhile, most departments delegate admissions to a small committee of two to six faculty. They don’t have time to read 1000 applications in detail. And the committee may change every year. Thus, their experience may be limited. And you never know who will be on the committee or what they care about. This adds further randomness. These faculty want to admit the most talented and creative young researchers who will push the field ahead. And they also want you to pass all the most technical classes, because they hate kicking students out. So the admissions committee are looking for strong signals of intelligence, creativity, determination, and other proclivities for research. But this is hard . There are too many applications. Applicants don’t have many good ways to signal quality. All applicants are trying to send the same signals. And there is a ton of uncertainty around each signal. Hence: Information overload and noise.

Yet most schools as for a written statement of some kind. Sometimes they ask for both a biographical statement and a research statement. What do they want and what should you write?

• Don’t tell your life story. This statement is not an undergrad entry essay where you describe your life’s trials and tribulations, or your journey to wanting to do a PhD. It’s not that we don’t care. It’s just that it’s probably not relevant to judging your ability as a researcher. If it is, then weave that into the narrative around your research interests and plans. We have hundreds of these things to read and so you only want to focus on the most important information.
• Don’t be cliché. Do not start your with your epiphany—the day the scales fell from your eyes and you realized you wanted to be a professor, or were inspired tackle big questions and social issues. Especially if it involves a child in a poor country. This approach is overused and unoriginal, and the information does not help us judge whether you will be a great researcher (see point 1).
• Platitudes about wanting to be a professor or researcher
• Generic or flattering statements about being excited to join a program, your admiration for the faculty, etc.
• Unspecific interests in a research subject or field
• Routine information such as “I am graduating in May…”
• Filler sentences like “Please find enclosed…”
• Start with your broad fields of interest (e.g. “I am principally interested in labor and development economics” or “I want to work at the intersection of comparative politics and international relations”)
• Then give 2-3 examples of broad topics and questions that interest you. (“I’m interested in studying inefficiencies in labor markets, especially market power and monopsony. I’m also interested in…”)
• Are tenure or tenure-track faculty
• Have their primary appointment in the department you are applying to
• Are actually there and take students (i.e. they didn’t retire last year, etc.)
• You could discuss two ideas in moderate depth, or one idea in greater depth. Either way, I recommend this research discussion be 40-60% of your entire statement.
• Ideally this is a question or topic of current interest in the field. One thing I often see is that students are focussed on the research frontier 10 years ago (because those are the papers they read in their classes) and are not clued in to some of the current puzzled and priorities. This is hard to avoid, but some reading and your advisors should be able to help you avoid this.
• The best discussions will (if empirical) identify interesting data and discuss plausible empirical strategies. This is difficult, which is why it is a good signal if you do it well.
• It’s important to locate your question in the literature without overdoing that discussion. Try to motivate the question with reference to recent and recognizable research papers and agendas. If you are mainly citing articles with few citations, in lower-ranked journals, this is a sign that you need to link your idea to bigger debates in the field, or perhaps rethink the question you are proposing.
• This is (in my experience) the most crucial section for most social science departments. Except possibly economics. It’s not clear how seriously many departments take your statement in economics, and some of my colleagues profess to never look at the statement. That may be true, but some will look, and you have to have a statement, so I suggest following this advice to make it a research proposal.
• Why you studied physics but now are doing political science
• What happened in that single bad semester on your transcript
• How to interpret your foreign GPA, and where you ranked in your class
• Clarify your classes if they have off names (e.g. “My class called XX was a Real Analysis class using textbook X, and so I have all the mathematical requirements for entry.”
• Get help. Your letter writers, professors you work for, or PhD student you know can read and give feedback on your statements. Ask them for their advice. Do this early–a couple months before the application, ideally. they can help you frame your question in a more interesting way, decide what papers to mention, or what is or is not frontier.
• Don’t be repetitive. This is not the place to restate your CV (“First I worked for Professor… and then I worked for…”). They have your CV. Use this document to do something no other in your application can do. Only mention work or other experience if you can add essential, high-density information the reader cannot get elsewhere in the application packet. Maybe you picked up specific technical skills working on a project that relate to the research proposal you just described? If not, you don’t have to say anything at all about your past. Just let the research proposal speak for itself.
• I recommend using the Hemingway Editor as a tool to write more clearly. Some long and complex sentences are ok, but sparingly. And they can often be improved. Aim for a grade 10 reading level.
• Use active voice
• Omit needless material and words (see points 3 and 9)
• Limit jargon
• Each paragraph should be a distinct idea
• Paragraphs should have a hierarchical structure, with the big idea or general point as the first topic sentence, and the rest of the paragraph elaborates. Someone should be able to get an “executive summary” but simply reading the first line in every paragraph. they should make sense as a story/summary.
• Use subheadings if possible, to delineate sections such as your broad fields of interest (point 4), your research proposal (point 5), and other key information (point 6)

This is just my view. Other professors will have different preferences and advice here. So ask them. Get more opinions. Or put your advice in the comments below.

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7 Economics Personal Statement Examples | With Analysis

What makes a great personal statement?

How do you improve your chances of achieving a university offer in economics?

In this post I will give some personal statement examples and discuss what the best economics personal statements do well.

Key features that great personal statements share

Disclaimers, evolution of economics personal statements, what makes a great economics personal statement, key features that great personal statements share: a reminder, lots of supercurricular activities, personal insights about such activities, demonstrate key skills, a well written essay, more economics personal statement advice, latest posts.

This diagram shows my summary of what makes a great economics personal statement. Based on my experience as an economics tutor and economics personal statement examples, here are four qualities that make personal statements stand out.

I explore these categories further below and in my ultimate economics personal statement guide.

For my ultimate economics personal statement guide, check out the link below:

Firstly, here is a list of ten economics personal statement examples available online.

Also below, there is analysis of what makes a great economics personal statement.

To learn how to improve your economics personal statement, check out the link below by clicking the blue button:

I cannot guarantee that the personal statements linked above achieved the university offers claimed on those pages. Nor can I claim that each statement is 100% perfect.

By linking to these sites, I do not endorse any of the sites linked above.

You should not copy any part of the personal statements above. Doing so is plagiarism and can lead to the disqualification of your university application. Instead learn from the techniques and kinds of things mentioned in their statements. See specifically the rest of this article for what we can learn from these personal statements.

A proportion of the samples above are relatively old (five to ten years ago or more).

For some universities the personal statement is more important for applications. Consider for example LSE and UCL, top universities where there are no admissions tests or interviews.

We can look at more recently written and publicly available personal statements.

Based on these, here are some observable trends in recent years among the best performing economics personal statements:

• More supercurriculars relative to the above personal statements.
• More reference to undergraduate-level economic theory. This can show further reading and an ability to potentially do well in the undergraduate course.

In this section I am drawing on my experience as a tutor about what makes a great personal statement. I am also using the available online examples of economics personal statements and the criteria listed by the top UK universities.

Such statements are by no means always perfect, yet they show the qualities and skills that allow students to attend the best universities.

These examples allow us to analyse what makes a great personal statement and also where students often go wrong with personal statements.

As a reminder, here are the four features of great economics personal statements mentioned above:

• Lots of supercurriculars
• Highlighting key skills
• Personal takeaways

Here is a breakdown of these categories:

What activities have you completed, outside of class, that relate to economics? Have you read a book, entered an economics-related competition, or watched an economics lecture? These are examples of supercurricular activities. I consider these a key focus for the best personal statements and I discuss these further in my economics personal statement ebook. These show your motivation to study economics which will be critical if you want to study the subject for three years at university.

For more on supercurricular activities, click the link here:

These are what I refer to as “personal takeaways” later in this guide. What did you learn from the supercurricular activity? Detail is very important, both for showing a high level of understanding and also to convince the person reading your statement that you actually completed the activity. This should go beyond just recalling the activity – maybe there is something you learnt from this activity or something you read that you disagreed with. We discuss how to write about personal takeaways in the ebook.

For more information about how to use supercurricular activities in your statement, including how to generate personal insights, click this button below:

Obviously you should try to show academic ability in economics and motivation to study economics. But what other skills are useful to show in a personal statement? 

While there are many skills that could potentially be useful, I draw your attention for now to two key skills: Ability in mathematics and independent study (including research). Evidence from supercurricular activities that you have these skills will help convince admissions staff. Moreover these skills will help you in the economics course.

What constitutes a “well written essay”? 

Your personal statement should be well structured, with effective links between ideas and paragraphs. The grammar should be completely correct, that is  there should be no mistakes. 

Finally consider your vocabulary – can you embed economics-related terminology into your personal statement? You can use a thesaurus but do so with caution – sometimes it is obvious where a thesaurus has been used (and often the new word used does not make sense in that context!).

For more economics personal statement tips or for economics university application advice, check out the link below:

For A-level Economics resources, click the link here:

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How to Write a Personal Statement for a PhD Program Application

Personal statement guidelines, general guidelines to keep in mind:.

• One size does not fit all : Tailor your personal statement to each program and department you are applying to. Do your research to learn what is unique about each of your choices and highlight how this particular program stands out.
• Yes, it’s personal : Showcase your unique strengths and accomplishments. Explain what influenced your personal decisions to pursue the program. Ask yourself, could this be applied to your friend or neighbor? If so, you need to be more specific and provide examples. Saying that you are a “good scientist” isn’t enough. Provide examples of your previous research experience, projects you’ve completed, and what technical skills you learned. Explain how you overcame any challenges along the way.
• Set aside enough time :  Although personal statements are generally short in length (approx. 700 words; 1-2 pages), give yourself ample time to write a strong, well-written statement. It takes more time than you think to develop a final draft for submission.
• Focus on your spelling, grammar, and vocabulary :  It’s important to present a well-written statement with good grammar and vocabulary. Write concrete, succinct sentences that flow well. Avoid flowery language. Visit the  Writing Center  for additional review and feedback.
• Proofread one more time:  Check your grammar and spelling again before submitting your final draft. Ask a friend, professor, or advisor to proofread your final draft one more time before sending it in. 

YOUR PERSONAL STATEMENT SHOULD ANSWER THE FOLLOWING QUESTIONS:

• Why do you want to complete further research in this field?  Write down a list of reasons as to why you are interested in pursuing further study in the field. When did you become interested in the field and what knowledge have you gained so far? Describe how your previous work provided the foundation and for further study.
• Why  have you  chosen to apply to this particular university ? Does the institution have a particular curriculum, special research facilities/equipment, or interesting research that appeal to you?
• What are your strengths ? Demonstrate how you stand out from other candidates. Highlight relevant projects, dissertations thesis or essays that demonstrate your academic skills and creativity. Include IT skills, research techniques, awards, or relevant traveling/ study abroad experience.
• What are your transferable skills?  Be sure to emphasize transferable skills such as communication, teamwork, and time management skills. Give examples of how you have demonstrated each of these with specific examples.
• How does this program align with your career goals?  It’s okay if you don’t know the exact career path you plan to take after completing your PhD. Provide an idea of the direction you would like to take. This demonstrates commitment and dedication to the program.

ADDITIONAL RESOURCES

For examples of successful personal statements, visit the  Online Writing Lab (OWL) .

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If you meet the criteria for a waiver, you can make a request to waive the English proficiency exam requirement on the online application, under the "test scores" section.

TOEFL, IELTS, and Cambridge English Qualification scores are valid or accepted for two years. Scores that expire while an application is under review will be considered valid.

Submitting your scores

Your online application will prompt you to attach a scanned copy of your test scores. Your scores must also be sent directly to MIT from ETS, IELTS, or Cambridge. MIT's school code for the TOEFL is 3514. The TOEFL code for the Department of Economics is 84. IELTS and Cambridge do not require a code. Please enter "Massachusetts Institute of Technology- Graduate Admissions."

Official scores must be received from ETS, IELTS, or Cambridge by December 15. Please take your proficiency exam of choice by November 30 to allow for proper reporting time. If your score report arrives shortly after the deadline, it will be accepted, but your application may not be reviewed until your scores are received.

Minimum score requirements

The minimum requirement for the TOEFL is PBT: 600, iBT: 100. The minimum requirement for the IELTS is 7.  The minimum requirement for the Cambridge English Qualifications is a CEFR score of 185.

Your online application will give you the option to attach a scanned copy of your test scores or a screenshot of the scores from the ETS website. You can also send a score report directly to MIT from ETS. MIT's school code for the GRE is 3514. The code for the Department of Economics is 1801.

To allow for your scores to arrive by the application deadline, you should take the GRE by November 30 to allow for reporting time.

Personal statement (optional)

We encourage applicants to include a statement of objectives/personal statement with their application, though it is not required. The statement is an opportunity to explain what makes you a good candidate for the program. You should describe why you wish to attend graduate school, what you would like to study, and any research experience. Describe one or more accomplishments you are particularly proud of that suggest that you will succeed in your chosen area of research. You can also share any unique perspective or life experience that would contribute to the program.   Statements are typically two single-spaced pages.

Application Assistance and Mentoring Program

Many students interested in an economics PhD experience disparate degrees of support in the application process. The Application Assistance and Mentoring Program (AAMP) aims to mitigate these gaps by helping students from underrepresented groups connect with a graduate student mentor in MIT or Harvard’s PhD economics programs.

Mentors can provide:

• Advice on graduate school and fellowship applications, including questions about the application process and feedback on application materials.
• Information about economics research, life as a PhD student or in an academic career, for students who are deciding whether a PhD in economics is the right choice for them.

The AAMP aims to increase the pipeline of diverse talent in economics PhD programs and welcomes participation from all groups underrepresented in economics, including but not limited to: Black, Hispanic-Latinx, Native American, low-income, and LGBTQ+ students, women, students with disabilities, and students who are the first in their families to go to college. The AAMP welcomes participation among students at various stages of their economics studies, including undergraduates and college graduates. The AAMP is open to students who are curious about the academic economics experience and interested in figuring out if it’s right for them. 

Interested participants should fill out the application linked below. We will accept applications until July 17, 2023. Mentorship will begin over the summer and continue through Fall 2023. Mentees who prefer to meet for a single “coffee chat” may indicate their preference on the form. We will do our best to match all interested applicants with a mentor; however, demand may exceed the availability of mentors.

Please note that the MIT / Harvard Economics AAMP is a volunteer-based, student-run program. This program is not considered part of the admissions process for the Economics PhD at MIT or Harvard, nor will any student's participation in the AAMP be considered by the Graduate Admissions Committee at either school.

Please direct any questions to [email protected] . To join the program, please click the link below to fill out the form.

Click here for the application form If you are a faculty, program advisor/coordinator, or student interested in being notified when 2024-2025 AAMP applications open, please fill out this form .

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Successful Personal Statement For Economics At Cambridge

Last Updated: 12th April 2022

Author: Chloe Hewitt

Table of Contents

Welcome to our popular Personal Statement series where we present a successful Personal Statement, and our Oxbridge Tutors provide their feedback on it. 

Today, we are looking through a Economics applicant’s Personal Statement that helped secure a place at Cambridge University. The Economics Course at Cambridge provides a rounded, rigorous education in Economics which is valuable for a wide range of career paths.

Read on to see how this candidate wrote a Personal Statement that helped secure their place on a reputable degree. 

Here’s a breakdown of the Personal Statement:

SUCCESSFUL?

The universities this candidate applied to were the following:

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Economics Personal Statement

The right answer – does such a thing even exist? When considering the field of mathematics, my response would be an unequivocal yes – indeed, I find its simplicity and elegance some of its most attractive qualities. For economics, however, the question of a right answer is not so straightforward. My interest in economics was sparked when I read “Freakonomics” and “SuperFreakonomics”. I found the search for a logical explanation behind seemingly illogical behaviour intriguing, and the idea that small changes to incentives could effect such large changes to those behaviours fascinating.

To further my understanding, I attended lectures at the LSE, including one given by Ha-Joon Chang. His arguments challenged much of what I had learned – deregulation and trade liberalisation would not, apparently, stimulate competitive growth, while education, it turned out, could not be counted on to increase entrepreneurship or productivity. These contradictions made me eager to read his “23 Things They Don’t Tell You About Capitalism” and “Bad Samaritans”. Although relishing his controversial stance on almost everything, I found his central thesis – that by using protectionism to support fledgling domestic industries, other poor nations can emulate South Korea’s success – overly optimistic and one-size-fits-all. As Paul Collier argues in “The Bottom Billion”, many are trapped by conflict or bad governance, with even bleaker prospects after “missing the boat” on which many Asian economies sailed away to prosperity.     

While economics is rooted in the world around us, with all its fascinating, messy complexities, mathematics derives its beauty from its abstract nature. It is unique in that it can lead us to an answer that is not merely the right one, but is true in an absolute sense. This was emphasised by G. H. Hardy in “A Mathematician’s Apology”, where he spoke of a mathematical reality distinct from the ordinary one, of which we can only ever hope to produce a “partial and imperfect copy”. Another of the appeals of mathematics is its breadth of application. I was able to explore this over the past three years in a series of Royal Institution master classes covering topics from graph theory to the mathematics of juggling. My decision to continue with mathematics was confirmed when I undertook the AEA; I found it challenging but immensely satisfying to be able to use simple concepts from the A-level core modules to solve even the most daunting problems.

Over the past year, I have mentored two students in mathematics. Explaining concepts to them helped deepen my own understanding and led me to explore proofs behind theorems I had previously accepted. In addition, acting as a primary school classroom assistant inspired me to set up my own volunteering scheme, in which I and other students help children learn to read. I have enjoyed competing in the UKMT Mathematics Challenge, in which I won a medal at Olympiad level, and the UK Linguistics Olympiad, in which I twice progressed to the selection round for the national team. I have also represented my school in the Hans Woyda competition, and am excited to be doing the same in the Target 2.0 challenge later this year.

Despite their differences, the authors I mentioned above hold something in common: their use of empirical methods to reach conclusions. It is here that the attraction of combining the study of mathematics and economics becomes especially apparent. Without mathematics, economics risks beginning to earn its title “the dismal science”, reducing to speculation and rhetoric without even the emotional investment enjoyed by politics. This is not to dismiss the importance of normative economics, but to say that it draws meaning from a basis in fact. I am not arguing for sound bite solutions to complex questions, but rather that, even in a field as hotly debated as economics, the right answer is still a worthwhile goal, reachable through the use of data and copious amounts of trial and error.

For more inspiration, take a look through our other successful Personal Statement a nalysis articles:

Successful Personal Statement For Natural Science (Physical) At Cambridge

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Good Points Of The Personal Statement

This statement is thoughtful and interesting, and conveys clear motivations for studying Economics, as well as demonstrating a good level of preparation for university study. The student elaborates on their response to each preparatory activity they engaged in, rather than falling into the trap of simply listing books read and lectures attended. They are clearly passionate about the subject, and show promise as an economist, which they demonstrate in, again, not only listing their achievements, but explaining what they took from the experience, and subtly indicating what this says about them as a student.

Bad Points Of The Personal Statement

I have very little to say in criticism of this essay except that, perhaps, it could come across as a little cliché. Questioning whether there is such a thing as ‘the right answer’ in the introduction, and concluding that pursuit of the field to which they’re applying for further study is worthy are both very common.

UniAdmissions Overall Score:

This is an exceptional personal statement. Not only is the student accomplished, they convey this without bragging, and in enough detail that we gain insight into their abilities, motivations, and personal interests, rather than simply receiving a list in prose form. Though the ideas with which the student begins and concludes the statement are somewhat unoriginal, the explanation found in between is exceptionally strong, and justifies the unoriginal sentiments – they’re clearly not being added just as throwaway lines.

This Personal Statement for Chemistry is a great example of demonstrating motivation and development which is vital to Admissions Tutors.

Remember, at Cambridge, these Admissions Tutors are often the people who will be teaching you for the next few years, so you need to appeal directly to them.

Check out our other successful personal statements and our expert guides on our Free Personal Statement Resources page.

Our expert tutors are on hand to help you craft the perfect Personal Statement for your Cambridge Economics application.

With our  Oxbridge Economics Premium Programme, we help you craft the perfect Personal   Statement , perform strongly on the Admissions Test  and teach you how to  Interview effectively .

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Application guidelines.

The deadline to submit your application is December 15, 2023.

For all applicants who wish to be considered for a fellowship, must submit an application by December 15, 2023. 

The University requires that applicants utilize CollegeNet, a web-based electronic application. The advantages to using the on-line application are numerous. You may access your application any number of times until you submit the application to us, and once your application has been submitted, you yourself will be able to check its status and note the receipt of supporting documentation. Applicants can avoid costly long-distance calls. In  CollegeNet  an applicant can upload all the required documents onto the system.

The Graduate School of Arts and Sciences will  now  accept an uploaded copy of your unofficial transcript(s) to your on-line application for review purposes.  You will only need to mail an official copy directly from your institute if you are accepted to our program . Upon acceptance into our program you must make arrangements to mail the transcripts directly to the University of Pennsylvania, Graduate Division, School of Arts and Sciences, 3401 Walnut Street, Suite 322A, Philadelphia, PA 19104-6228. Finally, a writing sample is not required, however there is now room for applicants to upload a copy of their writing sample. If you find there is not enough room to upload the writing sample, then you can email it separately to Gina Conway at [email protected] . 

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• Applicants from outside the United States  should use  CollegeNet   (electronic application) to expedite the application process.
• International applicants may pay the application fee by using a MasterCard or Visa credit card. You will see this option in the "CollegeNet" on-line application. If the student wishes to pay by check, then they must send an international postal money order as payment of the application fee. Checks drawn on a foreign bank will be returned and the processing of the application will be delayed.  We regret that application fee waivers are not available.
• International students must submit a TOEFL score unless they have or will receive an undergraduate degree from a college/university in the US, Canada, UK, Australia, New Zealand, South Africa, or Ireland or they have completed, at the time of application, four semesters of graduate study at an institution in the above-mentioned countries.   Admissions Information to the Ph.D. Program in Economics
• The  Office of the Graduate Division of the School of Arts and Sciences  will provide  International Student and Scholar Services (Penn Global)  with a list of all international students who have been accepted into the Penn Ph.D. program and who have agreed to join the program, in order that they can provide you with the necessary information to begin the visa process.

PLEASE NOTE:   International students are  NOT  required to mail official copies of transcripts for evaluation purposes. This should only be done in the event that you are accepted and accept our offer of admission. We accept unofficial copies uploaded to your application. We are aware that the application indicates "official copies are required." Please ignore !

These scores are now received electronically from the testing services. Please use the following codes to identify you as a Penn applicant.

• The Institution Code for the  GRE  is 2926. The Economics Department code is 1801.
• The Institution Code for the  TOEFL  is 2926. The Economics Department code is 84. Use of the "department code" is no longer critical; we will be able to find your scores by your last name and birthdate.

In the personal statement, all Ph.D. applications within the Graduate Division of Arts & Sciences should address the following: Please describe how your background and academic experiences have influenced your decision to pursue a graduate degree and led you to apply to Penn. Your essay should detail your specific research interests and intellectual goals within your chosen field. Please provide information about your educational trajectory, intellectual curiosity and academic ambitions. If you have overcome adversity and/or experienced limited access to resources or opportunities in your field of study, please feel free to share how that has affected the course of your education. We are interested in your lived experiences and how your particular perspective might contribute to the inclusive and dynamic learning community that Penn values and strives to create.

In the Economics Graduate Group, we also ask that applicants discuss their relevant research experience, if any, that make Penn Economics a good fit for what you would like to accomplish in your PhD. Your statement can include specific fields of interests and specific faculty members that you think could be potential advisors. 

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• December 1, 2021
• Personal Statement

A good PhD Economics Personal Statement is pertinent to pitch your value to an admission committee. It will help you highlight your intellectual and career trajectory, recognitions, and skills, as the case may be.  It is important to put together a good personal statement if you’re seeking admission into one of the PhD programs in Economics. This sample will guide you on how to approach your statement.

Note: If you need further assistance writing your PhD Economics Personal Statement,  contact us today .

Top Universities to Study for PhD in Economics

• University of Manchester
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I am proud of what I have been able to achieve at the Novel Economic Research Institute since joining them in 2019. From actively participating in economic researches to back federal government projects, to providing supportive economic data for externally funded projects and individual projects, I have come to appreciate the ideals of economic research and the professionals who dedicate a good part of their time and resources to uncovering human behaviours and how they affect financial and economic activities. Through my current responsibilities, I find that learning about people, institutions, and industries, and the reason behind their economic decisions gives me satisfaction.

My interest in economics was not something that happened naturally, it was not until my senior year in high school that I became interested in economics. It took the tutelage of my Economics Teacher to develop my love for economics. I would later understand that Economics contrary to my preconceived notion encompassed both arts and science, and was governed by precise principles and rules. Slowly, economics became one of my favourites and after enjoying a series of academic successes during tests and exams, I grew confident to pursue a degree in economics. I went ahead to enrol for a Bachelor’s Degree in Educational Management and Economics, my undergraduate studies gave me the tremendous scope for self-expression especially with interpretations and analysis. I obtained top scores in key modules and graduated with a First Class Honour. I progressed to bag an MSc in Economics from Kent University. During my master’s program, I received rigorous training in ………… which helped equip me in economic analysis.

Upon completion of my master’s program, I joined a management trainee program to improve my management competencies and also to prepare myself for corporate life. I would later accept an employment opportunity to join the Novel Economic Research Institute as I was eager to apply the theoretical knowledge gained over a combined 7 years of academic work in a real-life setting. This opportunity has offered me avenues to approach real-life problems and has achieved some remarkable feats. One of my outstanding achievements so far is …………………….

At the Novel Economic Research Institute, progressive learning and growth is important if I am to effectively engage in intensive, progressive and interdisciplinary research that help promote informed decision-making as the government and nation rely on our results to advise on sensitive economic issues. While I never intended to focus solely on the research side of economics, nearly all my work revolves around it which has made me realize the need for advanced learning to strengthen my economic research skills. More so, my job allows me to tap into the intellectual depth of some of my colleagues with doctoral degrees which motivates me to also advance my knowledge to a PhD level.

Though my undergraduate and master’s degree gave me the background to understand and utilize economic concepts, I am still lacking in…………………. Specializing through this PhD program is important; as I have noticed how my co-workers who have specialized education excel at applying their knowledge in their area of speciality.

I first learned about Stanford University from a colleague who equally completed his doctoral studies in SU. While working with him, I was fascinated by his ability to quickly grasp concepts and discern issues with the combination of knowledge, critical thinking and fast reflexes which he formed during his years at Stanford. I love the reputation that Stanford University has built for itself over the years, and seeing the line-up of lecturers in the Environmental, Resource and Energy Economics research field, I am very much encouraged and eager to follow through with a Stanford doctoral.

One of my reasons for delving into doctoral studies in economics is because I am interested in carrying out independent research and analysis. My areas of interest cover Environmental, Resource, and Energy Economics, Development Economics, Public Economics, International Policy and Development. Researching one of these areas during my doctoral studies would help me uncover ………………

I will be coming with knowledge gained from years of intensive work in one of Nigeria’s reliable economic research teams. I have garnered knowledge from different economic and research perspectives that I believe will interest both my lecturers and colleagues during this program. I understand the requirements and high expectations of Stanford University, and I believe that my passion, previous academic records, work experiences, and future ambition will make me worthy of a place in the next class of students to be admitted for this program. I look forward to your consideration.

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Economics Personal Statement

My desire to study Economics at university stems from my interest in the incredible pace of change in the world. Development Economics fascinates me and I believe the greatest challenges in our future will be of an economic origin. I am intrigued by the on-going issues we face, such as allocating ever depleting resources and the ‘tragedy of the commons’, as well as issues which have become more acute in recent years, such as globalisation and global poverty.

Through reading around my Economics course I discovered how historical economic models could be applied to modern situations. A particular example which appealed to me was Harford’s demonstration in ‘The Undercover Economist’ of how Ricardo’s 1817 farming analysis could explain diverse situations, such as coffee shops and high rent prices in London . Recently I read Collier’s ‘The Bottom Billion’, after learning about high taxation in poor countries from an article in a June 2015 ‘The Economist’. I was drawn to the idea that this could stimulate growth because it contradicted the low taxation neoliberal hegemony I had previously encountered. I think Collier’s proposed solutions, despite some being controversial (e.g. military intervention), are sensible and could be highly effective. Naturally, I am yet to look at all of the solutions posed by different economists, however I believe it is a challenging and stimulating task to find viable resolutions.

Through my work-experience at Emirates NBD I learnt more about the application of economics to real-life. The real-estate team proved how scarcity influences the housing market: even during a slump in 2011, an apartment in Mayfair sold for above the asking price due to localised demand. I also shadowed the Emirates’ Head of the Treasury who explained how interest rates are set and the concept of net interest margin. This led me to explore financial management further: I am now able to follow market fluctuations in ‘The Financial Times’ with an informed opinion.

Living in Spain makes the study of European economics particularly fascinating for me. I enjoy following the Spanish and British economies; in particular, comparing the approaches taken by the Bank of England and the ECB to tackle their various economic issues. Although both the economies of Spain and the UK recovered slowly – with Britain having its longest recovery in 300 years of recorded history – the Spanish unemployment rate has remained persistently above that of the UK. For me, it is a fascinating challenge to understand the factors contributing to this ongoing problem for Spain.

Learning another language has given me a wider global perspective. It enables me to follow the news from more sources, giving alternate views, and keeping me informed on the Hispanic countries. Maths is an integral part of economics as it transforms theories into practical applications and I look forward to developing my skills and applying my knowledge in new ways. I enjoy tennis and drama. Last year I completed my Silver LAMDA qualification, which took commitment and careful time management. By tutoring maths I have also developed my communication style, in particular, the ability to convey complex information simply.

Economics is central to the human condition and gives the tools to understand some of the most important motivations of states and individuals in our increasingly global society.  I eagerly await the opportunity to understand more about the world we live in and, in the future, hopefully help to influence it for the better.

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What is an economics personal statement?

An economics personal statement should describe your motivations for wanting to study this subject. It tells the university who you are and why you will make a great economics candidate. Whether you're applying for an undergraduate or postgraduate course, it's crucial you present yourself in the best possible light to convince admissions tutors you will be a valuable asset to their department.

Your economics personal statement will be used by universities to decide whether you are a good student to study economics, and whether they want to offer you a place on their course.

How do I write an economics personal statement?

We recommend you start your economics personal statement by jotting down some ideas about your skills, experience, hobbies/extracurricular activities, strengths and ambitions for the future. Our personal statement template can help you structure your thoughts into coherent and concise paragraphs.

Start early and give yourself plenty of time to re-draft your economics statement, and proofread it for spelling and grammar. You will need to go through at least three or four revisions before you have a final, polished draft.

Once you're happy with it, make sure you check it for spelling and grammar (don't just rely on Spellchecker for this). Get someone else to read through it if you're worried you might miss something. You can then think about pasting it into your UCAS form, ready to send off.

What should I include in my economics personal statement?

• Be specific and try to give examples of your problem-solving and analytical skills, both of which are important in an economics degree.
• If you’re applying for a joint honours, e.g. economics and maths , then tailor your statement so you relate it to both of these subjects.
• A business management and economics personal statement might mention a role of responsibility, such as leader of your student debating society or head boy/girl at your sixth form. Or for an economics and finance personal statement , you could mention managing money at your Saturday job.
• Any hobbies or other activities you are involved in outside of school should always be linked to your economics course. If you don't feel something is relevant, then don't mention it - remember you only have a limited space of 4,000 characters, so every word has to earn its place. Our personal statement length checker can help you with this.
• Round off by talking about your career plans and any other ambitions you have for the future. Mention how your economics degree is going to help you achieve this.

How do I write the introduction for my economics personal statement?

Your introduction should pick out one or two aspects of economics that you particularly enjoy or are passionate about. For example, you might talk about your interest in current affairs and world development, and include one or two situations that made you want to study economics in more detail. This could be anything from a fiscal decision made by the Bank of England, or a how a civil war in another country has affected their levels of income.

By starting with an anecdote, or a specific situation you've read about or experienced, you will have a better chance of drawing the reader in, and making them want to finish reading your personal statement.

Whatever you choose to open with, it should be reflective and persuade the admissions tutors that this is the only subject you want to go on to study at university.

Economics personal statement introduction example

To help demonstrate what you should include in your opening paragraph, take a look at this great example below, where the writer uses their experience of growing up in a poor country where wealth was unevenly distributed as a catalyst for developing their interest in economics:

"Being born and brought up in a country where an uneven distribution of income is a norm, the poor live on a minimum wage of Rupees 115 a day, whilst the billionaires form the sixth largest group in the world. This vast contrast between the rich and the poor has always intrigued me and I have often questioned how this economy India, functions with such instability and chaos."

Here is another good example from another student, who talks about how their studies of the Great Depression ignited their appreciation for economics:

"Studying the Great Depression in the USA in 1929 for my extended project is when I started to fully appreciate my interest in economics. Being able to analyse and argue the issues within my extended project and relate it to the current economic crisis has awakened my passion for the subject further, especially as this subject is covered extensively in the news and media. This shows that economics is an essential factor of our society. Studying this subject in university will equip me with the knowledge to understand the economy thoroughly. "

Hopefully these examples will inspire you to write your own introduction for your economics statement that will grab the reader's attention and make the admissions tutors want to offer you a place on their course.

How do I write a conclusion for my economics personal statement?

Your conclusion should encompass where you hope your economics degree to take you, and what you hope to achieve in the future. This might include your career ambitions, or moving on to a postgraduate course to further enhance your education.

You may also wish to reiterate why are enthusiastic about applying for an economics degree, and why you think you will be a good student for this particular course.

Don't round off your statement with something vague, or by repeating something you've already mentioned elsewhere in your UCAS application. You only have 47 lines of space in which to sell yourself to the admissions tutors, so don't waste it!

Economics personal statement conclusion example

To help you write your concluding paragrapgh, take a look at this example below, where the writer talks about using the knowledge they will gain in real life situations, and how they enjoy learning about the effects of economics on a daily basis:

"I am very passionate about studying economics because I look forward to developing my current knowledge, and applying it to real life situations. I believe my desire to keep in touch with today’s economics is what will allow me to thrive in higher education."

This writer chooses to talk about applying for a Masters program once they complete their degree, and taking up internships during their summer break to gain more work experience:

"My aspirations upon graduation from University would be to advance my studies in a similarly themed Masters program or work in international development. I plan on taking internships throughout the summer breaks to gain more work experience and help me fund my student lifestyle. I am looking forward to learning and developing in various economic subjects and am excited about the opportunities that I’ll have both as a student and once I graduate."

Hopefully these two examples will help you write your own conclusion for your economics personal statement, and round it off in a way that will make it stand out from the crowd.

For more help and advice on what to write in your economics personal statement, please see:

• Personal Statement Editing Services
• Personal Statement Tips From A Teacher
• Analysis Of A Personal Statement
• The 15th January UCAS Deadline: 4 Ways To Avoid Missing It
• Personal Statement FAQs
• Personal Statement Timeline
• 10 Top Personal Statement Writing Tips
• What To Do If You Miss The 15th January UCAS Deadline.

What can I do with an economics degree?

There are many different options for those choosing to pursue an economics degree. These include:

• business analyst
• financial consultant
• investment analyst .

However, there are also many other career paths where an economics degree could be useful, such as:

• data scientist
• economic development officer
• quantity surveyor .

For more advice on what you can do with your economics degree, please visit TopUniversities and Prospects .

What are the best UK universities for economics?

Currently, the best UK universities to study economics at for 2023 are:

For more information on UK university rankings for economics, please see The Complete University Guide and The Telegraph.

Further resources

For more information and advice on economics degrees and careers, please see the following:

• 9 Economics Degree Jobs
• Careers in Economics - LSE
• 10 Jobs for Graduates With An Economics Degree
• What jobs can you get with an Economics degree in the UK?
• Economics - Career Pilot
• What to do with an Economics degree - Bright Network

Related resources

Economics statement analysis.

Find out more

UCAS Economics Subject Guide

Careers In Economics

National Careers Service: Economist

Economics Courses

Economics Degree Jobs

Economics University Rankings 2023

Economics Degree Guide

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