University of Chicago, Doctor of Philosophy [Ph.D] in Economics, Eligibility, Application Deadlines, Fee Details & Scholarships

Chicago, IllinoisLocation
UniversitySchool type
Estd1890established year
16445enrollment
Private (Not for Profit)
7.6/10

Doctor of Philosophy [Ph.D] (Economics)

4 years
Full Time
On Campus

Field of Study

$75,780 /Yr


Important Alert

  • Application Deadline For Fall 2026 Intake - Dec 15, 2025

Tuition Fees

Year1st Year Fees
Tuition Fees$75780

Other Expenses

HeadAvg Cost Per Year
Housing and Food$26010
Transportation$1800

Previous Year Tuition Fees

Year1st Year Fees
2023$70056

Important Dates

  • The Upcoming Application Deadline for Fall 2026 Intake is Tentative based on Previous Year.
EventApplication Date
Admitted Applicants Response Deadline for Fall 2025 Intake Apr 15, 2025
Application Deadline For Fall 2026 Intake Dec 15, 2025
  • Duration: 4 years (full-time).
  • Core Courses: Microeconomics, Macroeconomics, Econometrics, Mathematical Methods.
  • Electives: Behavioral Economics, Market Design, Financial & Public Economics, Development Economics.
  • Interdisciplinary Learning: Collaboration with Finance, Business, and Public Policy departments.
  • Advanced Research Facilities:
    • Becker Friedman Institute for Economics (Leading-edge economic research).
    • Fama-Miller Center for Finance (Financial market studies).
    • Stigler Center for Economy & State (Regulation & Political Economy).

Eligibility & Entry Requirement

Requirement Type

Details

School

Chicago Booth School of Business

Academic Requirement

  • A bachelor's degree is required, with a strong foundation in economics and mathematics preferred.
  • Academic Records (Transcripts): Must include grading scales, courses taken each year, grades received, and class rank (if available).
  • GPA Requirement: While there is no minimum GPA requirement, the average GPA of admitted students is 3.82.
GMAT/GRE Requirement
  • There is no official minimum GRE or GMAT score required, successful applicants typically present strong quantitative credentials.
  • For the 2024-25 admitted cohort, the average GRE Quantitative score was 168, and the average GMAT score was 725

English Language Requirements

  • IELTS: Minimum Score of 7.0.
  • TOEFL (iBT): Minimum Score of 100.

Documents Required

  • Online Application Form.
  • Official Academic Transcripts.
  • Proof of English Language Proficiency.
  • GRE/GMAT scores.
  • Two Letter of Recommendation (LOR).
  • Statement of Purpose (SOP).
  • Resume/CV.
  • Copy of Passport.

Application link

Application Link

Application Fee

$80


Scores Required

7 / 9

Avg. Score in

IELTS

100 / 120

Avg. Score in

TOEFL

80

Application Fees


Ranking

202520242023202220212020201920182017

QS World University logo
Economics 4 out of 700 in Global Ranking
( #4 out of 113 in USA 2025)

US News logo
Economics 1 out of 147 in Global Ranking
( #1 out of 141 in USA 2025)

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TOP Scholarships

Scholarship nameAward amountEligibility
Stevens Program (Full Funding)Full tuition + $50,000 annual stipendAll admitted PhD students



Options Available

ProgramDelivery TypeDurationProgram TypeTuition Fees
Ph.D Econometrics and Statisticsfull time4 yearson-campus, Thesis Based$84447
Ph.D Financial Economicsfull time4 yearson-campus, dual_degree,Thesis Based$84447

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Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
AAUW International FellowshipsScholarship per student$ 50,000/Yr$50,000Level Of StudyDoctorateTypeMerit-Based
University of PhoenixScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
Forktip Women’s- Innovation ScholarshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
Robert S. McNamara Fellowship ProgramScholarship per student$ 44,888/Yr$44,888Level Of StudyDoctorateTypeMerit-Based
Paul Foundation scholarshipsScholarship per student$ 20,174/Yr$20,174Level Of StudyDiplomaTypeMerit-Based
Fulbright-Nehru Masters FellowshipsScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
Application Period For 2026 Intake (15th Dec 2025)
USD 43,174 /Yr
  • TOEFL: 100
  • GRE: 332
  • GMAT: 740
Application Deadline For Fall 2026 Intake (3rd Dec 2025)
Supporting Documents Deadline for Fall 2026 Intake (12th Dec 2025)
USD 16,540 /Yr
  • IELTS: 7.0
  • TOEFL: 90
Application Deadline For 2025 Intake (1st Dec 2025)
Admission Deision Date (15th Mar 2026)
USD 62,400 /Yr
  • TOEFL: 100
  • IELTS: 7
  • GRE: 334
Fee Deposit Deadline For Winter 2025 Intake (20th Jan 2025)
Fee Deposit Deadline For Winter 2025 Intake (20th Feb 2025)
Decision date for Autumn Intake (24th Mar 2025)
Application Deadline For Autumn Intake (4th Dec 2025)
USD 30,555 /Yr
  • TOEFL: 100
  • GRE: 328
--
USD 75,780 /Yr

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