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PhD in Business Economics Programs

Jun 25, 2019

PhD programs in business economics areas can prepare students for careers in academia, research, or private and public corporations. The degree programs and training at five schools throughout the United States will be featured in this guide.

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A PhD in business economics and related disciplines looks at how factors like economic theories relates to a company's structure and productivity; programs include training in areas like microeconomics and statistics. Explore schools with this type of degree and find out more about program and admission requirements.

School Comparison

This chart provides a snapshot of the locations and graduate tuition rates for four private schools and the public University of Michigan - Ann Arbor.

Institution Location Average Graduate Tuition and Fees (2018-2019)*
University of Chicago Chicago, IL $58,968
Harvard University Cambridge, MA $47,562
University of Pennsylvania Philadelphia, PA $38,630
University of Michigan - Ann Arbor Ann Arbor, MI $23,456 (in-state) / $47,006 (out-of-state)
Washington University in St Louis Saint Louis, MO $52,875

Source: *National Center for Educational Statistics (NCES)

Overview of PhD Programs in Business Economics

University of Chicago

The University of Chicago offers a PhD in economics. Students will study business topics such as pricing theories, commercial banking, and national income operation. They will choose from dissertation topics like macroeconomics and industrial organization. Applicants should have a bachelor's degree and will need to take the GRE. They will be assessed on items like personal essays, GRE scores, recommendation letters, and academic background.

Harvard University

Harvard University's PhD program in Business Economics is suitable for individuals who are interested in pursuing research or teaching positions. Students can choose specializations ranging from corporate governance to organizations and markets. Training includes a mandatory teaching assignment for one semester, along with courses in statistics and the history of business. Students will enroll on a full-time basis. Admissions materials include transcripts, recommendation letters, and a statement of purpose.

University of Pennsylvania

Students can complete a PhD in Applied Economics at the University of Pennsylvania, which includes a five-year fellowship that covers tuition and a stipend. Areas of concentration include real estate, market design, and development economics. Students will also have the option to add a related concentration such as marketing or management. The department prefers that applicants have an economics bachelor's degree, along with coursework in areas like calculus and statistics. The university's application requirements include three references, transcripts, and a personal statement.

University of Michigan - Ann Arbor

The University of Michigan - Ann Arbor awards a PhD in Business and Economics that is intended for students who are interested in microeconomic areas like industrial organization and how it relates to business. Students usually complete their degree within five years and must pass preliminary and field tests, along with completing a research paper and doctoral dissertation. They will take courses in areas like macroeconomics and business economics. Interested students must submit items like a resume, an academic statement of purpose, and three recommendation letters.

Washington University in St. Louis

Washington University in St. Louis has a PhD in Business Economics suitable for individuals interested in working in academia. The interdisciplinary program includes training in finance, marketing, and strategic economics. The five-year program includes classes in microeconomics and quantitative processes. Graduation requirements include a preliminary test after the first year, a field test, and a doctoral dissertation. Prospective students must possess a bachelor's degree, with most accepted students scoring in the 90th percentile and above on the GRE or GMAT. They will need to provide three recommendation letters, a statement of purpose, and a writing sample.

PhD programs in business economics or related fields like applied economics usually take five years to complete. Schools like the University of Pennsylvania offer areas of concentration such as development economics.

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