The PhD program in Economics at Central European University (CEU) prepares you to conduct innovative, original research addressing the fundamental economic questions of our time. You can utilize your knowledge in faculty positions in academia, in governmental organizations, as well as in the private sector.
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Overview

During the PhD in Economics program at Central European University (CEU) , you will develop into an independent researcher, with the ability to contribute to the analysis of fundamental economic questions facing transition and market economies. It will help you perfect your skills with leading economists, choose from several specializations and develop your own research program.

Doctoral enrollment may continue up to a maximum of six years. Students admitted into CEU doctoral programs are eligible to receive a generous CEU Doctoral Fellowship and full tuition waiver for up to three years; the tuition waiver is provided for the whole duration of the program. 

Where your degree will take you

As a PhD economist, your skills will be in high demand from many different types of organizations.  You can become a faculty member at a university, a researcher at a central bank or other national or international governmental organization, or a consultant or other professional in the private sector.

Accreditation

  • Program approved and registered by the New York State Education Department
  • Program accredited by the Hungarian Accreditation Committee (HAC)
  • Program subject to accreditation by the Agency for Quality Assurance and Accreditation Austria (AQ-Austria)

Detailed Programme Facts

Programme Structure

The program comprises two years of intensive coursework and an independent research period guided by internationally recognized faculty. Coursework in the program is designed to ensure that students acquire rigorous knowledge in the core areas of economic theory and research methodology. You will have coursework in the core subjects and two fields of your choice in the first two years of the program. 

Core courses

  • Advanced Microeconomics 
  • Advanced Macroeconomics
  • Advanced Econometrics

Fields

  • Applied Microeconomics 
  • Econometrics 
  • Financial Economics 
  • Macroeconomics 
  • Network Economics 
  • Theory 

Research

You will gradually transit from taking courses to conducting independent research.  A preliminary advisor will be assigned to you upon entry, who will guide you through the initial stages of the program and help find you a final advisor.

English Language Requirements

  • Minimum required score:

    100

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120.

  • Minimum required score:

    7

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Get a free IELTS practice test
  • Minimum required score:

    600

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks.

  • Minimum required score:

    76

    PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. Delivered and marked by computer, it reports on a scale between 10 and 90.

Academic Requirements

  • This programme accepts GRE® scores. However, it does not provide a recommended score range.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

  • Completed online application form
  • Proof of English proficiency
  • Letters of recommendation
  • CV
  • Academic records
  • Master's degree in Economics or in related fields (i.e. Mathematics, Statistics, etc.) or equivalent degrees with a GPA of 3.33 or higher
  • Research proposal/motivation letter
  • GRE General Test score

Tuition Fee

Candidates who apply by January 30 are automatically considered for CEU Doctoral Scholarship that includes a full tuition waiver and a monthly stipend.

Visit Programme Website

Living costs for Vienna

  • 861 - 1340 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

In pursuit of its mission, CEU strives to attract world-class graduate talent from all over the world, offering generous scholarships available to students from any country. Doctoral scholarships include a full tuition waiver and a monthly stipend for living expenses. 

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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