Discover 118 opportunities in PhD

Although summer is just getting underway in many parts of the world, fall application season is waiting just around the corner. Whether you’re a recent graduate or a professional looking to step back into academia, finding the right PhD program is not always an easy process. For that reason, it’s important to start reviewing your options early. In a post a few months back we highlighted the global Top 20 Political Science Departments, and in this post we’d like to narrow that list to the graduate level while focusing specifically on Europe and the United States.

With the global flow of students higher now than ever before, there is an abundance of advice available regarding the benefits of studying abroad. Whether for a semester or a full degree, studying in a foreign country can boost your CV, help you learn a new language, expand your cultural understanding and allow you to create a worldwide network of friends and colleagues.

As another season of graduate school applications comes to a close, we wanted to offer a few diverse perspectives on the matter for any of you still on the fence, or for those of you planning ahead for next year. Although deadlines for this coming fall have already passed for most schools in North America, potential PhD candidates looking at European, Asian, African or Latin American schools may still have some time to send in an application.

On Wednesday, January 29, INOMICS released the Economics Job Market Report 2013 (UK and Ireland). This report, based on the findings of the Economics Job Market Survey conducted in 2013, introduces the reader to various aspects of the job market in economics, business and finance, concentrating primarily on the academic field.

Figure 1. Average number of applications per position

Yesterday INOMICS released the Economics Job Market Report 2013 (Worldwide Overview). The report contains insights about the academic job market, compiled from answers from almost 2,500 economists and recruiters from all over the world who completed a survey earlier this year. The findings of the report include salaries, recruiters’ and candidates’ employment preferences, regional disparities, skills & specializations most in demand and other general trends in the economics job market.

Anyone working as an economist, mathematician, management consultant or researcher is likely to be dealing with numbers on a regular basis. Whether to refute claims, inform decisions or to build evidence to support one’s case, a good command of figures is essential for many professions. In other words, one cannot escape learning and using statistics!

Teaching, whether at school or university level, is generally and  rightly considered a worthy occupation. As supported by some Professor Ratings, however, unfortunately not every high school, college or university can boast perfect ratings for their academic staff, and many individual lecturers and professors have room for improvement, at least in the views of the students.

Finance has become a very attractive field for many people in the last decades as it “smells” of money and promises a successful career after obtaining a degree, even though the financial crisis has slowed down this popularity trend. While many fresh Bachelor and Master graduates massively apply for positions in investment banks and consultancies, some decide to pursue a PhD, which is the way to life-long involvement in the academic world.

In recent months the INOMICS blog has featured a series of posts about rankings of departments and universities. Traditionally, ranking has practically been an academic discipline in itself, with big names like QS, the Times Newspaper and in Economics the citation listings compiled by REPEC, dominating the field. However a trend towards a kind of “crowd-sourcing” of ranking has started to appear. The Shanghai ARWU was one of the earliest major ranking bodies to introduce this, but others are following.

Econometrics is something towards which many people have mixed feelings: both fear and respect. If you want to get a degree in economics, however, there is no way you can get away without studying econometrics on some level; and if you want to become a great economist you will have to master it: to build models, run regressions and (hopefully) predict the future. The economics profession has been blamed for failing to predict the global financial crisis, but as econometrics is considered to be one of the core disciplines to help prevent a recurrence in the future, we have collected a number of useful links for online learning and self-improvement in this field.

The literature research students need to rely on throughout all of their thesis writing is diverse. Broadly categorized there are three types of literature useful for PhD students: research/topic literature, methods literature, and ‘how to do your PhD’ literature. A somewhat similar classification of PhD materials can, for example, be found in Chris Hart’s Doing a Literature Search: A Comprehensive Guide for the Social Sciences (2010, Sage, p.2), which I recommend immensely.

With the application deadlines for PhD and Master’s courses in Europe approaching, we decided to post a list of Top 10 European Economics Departments to support your decision when choosing the right institution. As all university rankings have their flaws and there is an obvious shortage of rankings for specific disciplines, we combined two ranking systems in one table: RePEc, Top 25% Economics Departments (February 2013) and QS World University Rankings by Subject (2012).

After our post last summer about the trend for conferences and prizes aimed at young economists, several further events are coming up this year, which could be of interest to PhD students and young researchers. Some of these are specifically for students or junior academics whilst others offer financial support or prizes to those attending or presenting papers at the meeting.

Source: National Science Foundation, NSF/NIH/USED/USDA/NEH/NASA, Survey of Earned Doctorates

Source: Ministry of Education of the People’s Republic of China (China), The Survey of Earned Doctorates, National Science Foundation (US)

Source: Survey of the labor market for new PH.D. hires in economics 2011 – 12, Sam M. Walton College of Business, University of Arkansas:

New Ph.D Hires in Economics: Expected and Actual Offers for the 2010-11 Academic Year