If you’re applying for a European-style economics PhD or Master’s of Research program, it’s highly likely that you’ll be asked to submit a research proposal. This is a document where you’ll describe the original research project you intend to pursue if you’re accepted into the economics program.This is going to be a fairly intense process. While not legally binding, this document is a major part of your application, and it’s extremely important to write a convincing and high-quality proposal. Giving yourself as much time as possible to work on it can only help you.However, if you’re applying to PhDs for the first time, this is also most likely your first time writing an economics research proposal. So, what to do?

There are many paths to preparing for an economics PhD. Most students apply for PhD programs soon after finishing their Master’s degree. Some even apply directly after their Bachelor’s degree. Others work first, for example as a research assistant before applying.There are benefits to all of these approaches, and depending on your academic accomplishments and personal goals, some paths may suit you better than others. In this article we look in depth at the merits of a Masters of Research (MRes) as an option for PhD hopefuls. We also compare the MRes path with a direct application for a PhD after your studies, or with a year or two of work experience before applying for a PhD.