ECONOMICS AT NEW YORK UNIVERSITY
New York University's Department of Economics is top ranked in the US and stands among the top 15 schools of economics in the world according to the RePEc, QS Rankings and the Shanghai Rankings to name a few.
The Department of Economics at NYU has distinguished scholars such as winner of the Nobel Prize in 2011, Tom Sargent, and winner of the 2004 Nemmers Prize Ariel Rubinstein in its faculty.
The department understands that student's interests in the study of Economics varies and hence offers undergraduate and graduate courses as majors and joint programs, besides an Honor's degree.
In the undergraduate bachelor's program of the economics course at NYU, students can choose studying:
- Economics as a major
- Economics with Mathematics
- Economics with Computer Science
These majors can be studied with a concentration either in Economic Theory (suitable for students who enjoy studying formal approaches towards economics theories) or Economic Policy (an excellent option for those who prefer understanding the interplay of economic theory and policies). Students who wish to explore the world of economics in-depth can choose the Honor's degree where they enjoy the privilege of small class groups with extensive interaction with professors.
The undergraduate syllabus has been designed to help students choose the right subjects that shall give them leverage towards higher studies. For instance, those planning on a post-graduation in economics or a study in law can enroll for the Honor's program with a Theory concentration.
Students interested in an unpaid internship program need to pass the test by the Department of Labor. Eligible interns are offered an educational environment by the interning company and a certificate of accomplishment at the end of the program.
Clubs & Awards
Students can become a member of the Undergraduate Economics Society and derive the benefits of listening to eminent guest speakers, participate in social activities and industrial tours. The department also houses chapters of the Honorary Economics Society and the Omicron Delta Epsilon.
Outstanding students stand eligible for the Emanuel Stein Memorial award and the Murray Altman Prize.
After completing a graduation in Economics from NYU, students find career opportunities in business management, public administration and economic-related industries. Many have found lucrative jobs at the United Nations, various financial, government, non-profit organizations and corporate settings and the Wall Street too.
Tuition and fee: $43,000
MA in Economics
Studying a masters degree in Economics at NYU can be a rigorous one. This is an advanced course that ensures its graduate students understand the finest nuances of applied economics and public policy. The university receives about 700 applications every year, of which only 70-150 students are admitted.
The masters program offers classes in the morning and evening, which makes it suitable for working professionals.
Applicants need to:
- complete an under-graduation program of a minimum of 4 years in Economics and Mathematics, earning a score of A+, A or A-
- fall in the 80th percentile of the GRE score. GMAT scores will not be entertained.
- complete either two undergraduate calculus courses or one each in calculus and linear algebra
- have studied at least one course in statistics and econometrics
- have studied intermediate microeconomics and macroeconomics, besides our other economics courses
- have a minimum GPA of 3.5
- earn a minimum TOEFL score of 105
The NYU Department of Economics offers an advanced certificate program for MA students interested in economic analysis, especially in the study of international economics and economic development. Students can take up this course after submitting the MA special project report.
Students who have completed an MA Economics from NYU have often found lucrative jobs with a high pay scale at leading companies such as Goldman Sachs, Deutsche Bank, Bloomberg, Royal Bank of Canada, AIG, Federal Reserve Bank of New York and the like.
PhD in Economics
The research degree offered by New York University's Department of Economics admits students of outstanding promise. A full-time course, the course helps graduate students understand the finest nuances of modern economic techniques and shapes them into economic leaders.
The department receives about 800 applications for its PhD program every year, of which about 20 scholars are chosen. Deserving students are offered full financial aid, which includes tuition fee waiver, health insurance coverage and annual stipend which also includes a $1,000 start-up stipend. Besides, scholarship awardees are not required to teach at the university. Those who wish to do so are paid additionally for their teaching services.
Eligibility and requirements
- Joint masters in economics and mathematics
- GRE and TOEFL scores
- Recommendation letters from academic professionals you have been closely associated with
- A personal statement
- Sample of research application