umass phd economics stipend

PhD in Economics

Exploring how people and communities use resources to get what they want and need.

In the PhD in Economics program at UMass Amherst, you'll build a sophisticated and critical grounding in economic analysis leading to creative contributions to research, teaching, and social policy.

The Department of Economics is internationally known as a center of research in innovative approaches to the field. With a small annual cohort of approximately 10 students, the program prioritizes close collaboration between faculty and students, attracting talented learners on a par with other highly selective graduate programs across the country.

Diverse in their backgrounds and interests, our students are drawn by the Economics program's strengths in political economy, development economics, international economics, economic history, gender and class, labor economics, comparative economic systems, growth and distribution, and more.

Our graduates are recruited for teaching positions at leading liberal arts and research institutions in the United States and abroad. Others work in non-academic institutions, including the Inter-American Development Bank, the World Bank, the United Nations, the Economic Policy Institute, and various labor-union research and education departments.

Related offerings

Students interested in our PhD in Economics may also be interested in these other offerings.

• Bachelor of Arts in Economics
• Minor in Economics
• Master of Arts in Economics
• Certificate in Applied Economic Research on Cooperative Enterprises
• Online Certificate in Political Economy

Gain a big-picture understanding of the economy as a whole through flexible courses in micro- and macroeconomics, statistics, calculus, and more.

• Department of Economics
• Become an Economics Major
• Graduate Admission Requirements

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University of Massachusetts Amherst Doctorate in Economics

Economics is a major offered under the social sciences program of study at University of Massachusetts Amherst. We’ve gathered data and other essential information about the doctor’s degree program in economics, such as if the program is offered online, ethnicity of students, how many students graduated in recent times, and more.

If there’s something special you’re looking for, you can use one of the links below to find it:

• Graduate Cost
• Online Learning
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Featured Programs

Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.

MS in Applied Economics

If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.

How Much Does a Doctorate in Economics from UMass Amherst Cost?

Umass amherst graduate tuition and fees.

During the 2019-2020 academic year, part-time graduate students at UMass Amherst paid an average of $1,673 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $779 per credit hour. Information about average full-time graduate student tuition and fees is shown in the table below.

Does UMass Amherst Offer an Online Doctorate in Economics?

UMass Amherst does not offer an online option for its economics doctor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the UMass Amherst Online Learning page.

UMass Amherst Doctorate Student Diversity for Economics

Male-to-female ratio.

About 33.3% of the students who received their Doctorate in economics in 2019-2020 were women. This is in the same ballpark of the nationwide number of 32.8%.

Racial-Ethnic Diversity

Racial-ethnic minority graduates* made up 8.3% of the economics doctor’s degrees at UMass Amherst in 2019-2020. This is lower than the nationwide number of 11%.

Doctorate in Economics Focus Areas at UMass Amherst

Economics students may decide to major in one of the following focus areas.

Majors Related to a Doctorate in Economics From UMass Amherst

You may also be interested in one of these majors related to economics.

View All Economics Related Majors >

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• National Center for Education Statistics
• O*NET Online

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Salary and stipend rates

Mit strives to offer salaries and stipends that enable students to live and pursue their education in cambridge and the greater boston area..

Salary and stipend rates are extensively reviewed and revised each year by the Office of the Provost, in consultation with the  Graduate Student Council  and MIT’s senior leadership, to respond to changes in the cost of living. Set rates vary by field of study, length of degree time, degree type, and teaching appointment status, and are announced each spring.

Please note these rates can only serve as a guideline to what a department may offer when providing a funding package. Departments have the freedom to set higher rates that are in line with their funding policies for MIT appointments and external fellowships. Additionally, we offer also  grants for graduate students with dependent children  and other sources of support . 

MIT doctoral programs typically provide 12-month appointments; details on funding are outlined in graduate student offer letters. For students in 12-month programs who have a 9-month funding appointment, it is very important that you check with your department or program about opportunities for summer support, since nine months of support is typically insufficient to cover living expenses in the area.

12-month salary and stipend rates (2023-2024)

Salaries, stipends, payroll, and taxes.

All students are paid via MITPay, with the first payment typically disbursed during the second week of the term. Please see payroll information for graduate students for more information.

The salary or stipend is only part of the financial picture for supporting graduate students. Depending on award or appointment type, there are different costs to MIT and/or external sponsors. In all cases, MIT pays a substantial fraction of the tuition for students with research assistantships, teaching assistantships, and fellowships. MIT also subsidizes the graduate student housing system and the cost of health care.

Payments received from MIT may be subject to  withholding tax  in accordance with regulations governed by U.S. federal and state tax authorities. To learn more about how common payment types are defined by the IRS, and details about tax withholding and reporting, please visit the  Office of the Vice President for Finance (VPF) website .

The MIT International Students Office (ISO) and MIT VPF host a series of tax information workshops each spring for both U.S. and international students. More information can be found on the  workshops page . You can also see articles and videos about preparing and filing taxes for students and academics at the  taxes  section of MIT’s  iGrad portal .

Useful links: 

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Historic Stipend Levels

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Isenberg doctoral students are guaranteed funding for 5 academic years and 4 summers. Funding is through an assistantship and is closely related to the program of study. Students usually work as a research assistant their first two years and then transition to teaching their last three.

As a graduate employee of the University, students are in the Graduate Employee Organization (GEO) union. Union benefits include a full tuition wavier, 95%  cost covered health insurance, dental and vision, and childcare benefits.

Funding is broken down into primary and secondary funding. Primary funding is the Isenberg PhD Program assistantship, and secondary funding is through the University Graduate School, Isenberg, and academic departments. Details of the funding opportunities are below. Students may be eligible for secondary funding depending upon student qualifications, eligibility and departmental needs.

Primary Funding Source:

• Academic Year Assistantship: 20 hours per week for 38 weeks (September – May), at least $30,000 total.
• Summer Assistantship: 60 hours total (May – July), $2,300 total
• Travel Reimbursement: $500 per year towards student travel to conferences & supplemental travel funding through PhD Program

Secondary Funding Source:

Graduate School Funding

• Predissertation Grant
• Dissertation Research Grant
• Dissertation Fieldwork Grant
• REAL Fellows Scholarship
• Spaulding Smith Fellows Scholarship
• Grants and Fellowships  

Isenberg Doctoral Awards

• Outstanding Doctoral Student Research Award (competitive)
• Outstanding Doctoral Student Teaching Award (competitive)
• All But Dissertation Award (awarded to all qualified students)

Isenberg PhD Project Scholarship  (competitive)

The Isenberg PhD Program is committed to diversity, equity and inclusion. Part of that mission involves being a member of the  PhD Project  which aims to advance workplace diversity by increasing the number of underrepresented minority business professors. Current PhD Project members are automatically considered.

The University provides an array of funding in the form of assistantships, fellowships, research and travel grants.

• In Fall 2022, 82% of doctoral students, and 41% of master’s students had an assistantship or fellowship.
• Funding offers are made by the student’s graduate degree program at the time of admission. Full details on the amount and duration of funding are provided in a letter to the applicant.

Fellowships and Grants

The Graduate School and some Colleges have a limited number of fellowships to recruit outstanding graduate students. Students are typically nominated by their graduate program and notified if they are selected.

Funding policies

Our funding policies page has everything you need to know about assistantships, employment, and tuition credits.

Funding resources

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• Graduate Financial Aid and Costs

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Fellowships and Scholarships

Cics fellowships.

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Graduate School Grants and Fellowships

• Spaulding Smith Fellowship and Travel Grants
• Dissertation, Travel and Research Grants
• Graduate School funds may be awarded to students only if they are presenting work done while a graduate student at UMass Amherst for a conference. Applications are considered throughout the year by the CICS GPD.

external Scholarships 

The following funding opportunities are available to graduate students. Scholarships are available to an identified group of individuals. If you wish to add another scholarship, please send the information to [email protected] for our consideration. Certain fellowships must be nominatd by the college and a call for nominations will be sent to all faculty and staff when the deadline approaches.

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UMass Boston

• Business Administration PhD

Collaborate, exchange ideas, and grow with an engagement-based PhD.

Are you the right fit for the Business Administration PhD at UMass Boston? The program’s distinguishing feature is the collegial spirit and noncompetitive nature of the community, where students collaborate on projects and assist each other and participate in joint research with faculty. Our informal atmosphere and open-door policy encourage students to engage in conversation with faculty or continue seminar discussions with distinguished visitors beyond the allotted class time and space.

To prepare for the academic path, students participate in a teaching seminar and practicum in their second year and then are offered opportunities to teach a variety of undergraduate courses. Career development workshops are also offered, and focus on topics such as writing research grants, the interviewing process, and delivering a successful research talk. Three distinct tracks of this program are available to suit the differing needs of PhD candidates: Organizations and Social Change (OSC) , Finance , and Information Systems for Data Science and Management .

Career Possibilities

Work for a prestigious business school as a professor or researcher. Become a consultant for a government agency whose work speaks to you. Or, use your entrepreneurial spirit and know-how to launch your own successful business. These are just a few of the possibilities a Business Administration PhD offers.

Become a(n):

• Data Analyst
• Business Consultant

Start Your Application

Finance Track

UMass Boston's Business Administration PhD - Finance track is a full-time, in-residence program lasting 4 to 5 years. The program prepares students to be academic researchers, tenure-track professors, or for careers in government organizations and the private sector.

The finance track provides a unique curriculum. It’s taught by both accounting and finance faculty and demands competency tests in both subject areas. Additionally, the curriculum has been updated to include state-of-the-art classes in data science (natural language processing, machine learning, and textual analysis). This new emphasis on data science provides students the tools needed to differentiate their research in a very competitive area. Learn more about students' job placements .

Students accepted into the program generally qualify for a stipend ($31,000 per year for four years, subject to satisfactory academic progress) and full tuition credits. Students may also apply for grants for conference participation. Travel grants annually fund academic conference presentations. Additionally, teaching opportunities and summer internships at financial institutions are encouraged to complement the stipend.

Small class sizes (4-6 students) allow closer interaction with faculty publishing in top-ranked journals to develop research niches. We organized international conferences to signal that competence ( Corporate Social Responsibility in 2019, 2021, and 2023 ). Mindful of the teaching career – a course on teaching skills is also part of the required curriculum. Recognizing the diverse insights other disciplines may bring, students can attend classes from two additional tracks of our PhD Business Administration program – the Organizations & Social Change and Information Systems for Data Science track. Competency tests in Accounting are also part of the required curriculum.

Who Should Apply

The finance program track is designed for students who are interested in pursuing a full-time doctoral program specializing in areas such as:

• corporate finance (e.g., corporate governance and control, executive compensation, capital structure, payout policy, raising capital, and corporate social responsibility)
• investments and asset pricing (e.g., asset management and portfolio analysis, market microstructure, stock-price modeling, fixed-income market, derivative markets, financial systems in emerging markets)
• accounting (e.g., financial reporting, accounting anomalies, managerial accounting)

The program is designed to give students a solid foundation in finance, economics, accounting, and econometrics in the first year through coursework. The intensity of the coursework takes into consideration that applicants come from multiple disciplines. To proceed, students take a qualifying exam in the summer of their first year. The second year is dedicated solely to seminar courses, with some covering investments, asset pricing, corporate finance, and accounting. Courses are designed to prepare students for taking on instructor duties in their third year.

View the Finance Track curriculum.

Our faculty has published in the most prestigious journals in finance and accounting. Recent publications include articles listed in the FT-50 list of the highest-ranked journals in business, including in Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Management Science, Journal of Accounting Research, Accounting Review, Journal of Business Ethics, and Journal of International Business Studies.

Learn more about the Accounting & Finance faculty.

Information Systems for Data Science & Management Track

Data analytics has become a critical need in industries ranging from health care and financial services to marketing and government. Leveraging the strengths of the College of Management's faculty, the University of Massachusetts Boston is offering a cutting-edge and flexible doctoral program in this field.

Positioned at the intersection of technology, business, and strategy, UMass Boston's Business Administration PhD - Information Systems for Data Science and Management track allows students to have a holistic view of data science and its role in the competition. Students will get exposed to various state-of-art research streams in information systems and data science, with a relative focus on data analytical techniques from a design science perspective and the application and management of data analytics in business settings from an organizational perspective. The program offers students the flexibility to investigate other topics they find interesting in data science and technology fields.

All students with master's degrees who are interested in information technology and data analytics are welcome to apply. Students with degrees in quantitative fields such as statistics, economics, math, computer science, management sciences, information systems, and other related disciplines are particularly encouraged to apply. A master's degree in these related fields is a plus, although not required. Previous full-time working experiences in related positions are also a plus.

Rapid increases in the amount of published data results in a data deluge that imposes significant challenges in data analytics. By offering a carefully tailored combination of courses in information technology, applied statistics, and business analytics, our PhD program provides rigorous and in-depth courses of study with emphasis on various research methodologies, tools for data analytics, and relevant academic skill sets involving research design, literature review, theoretical development, empirical validation, and academic writing. Our program also provides students with extensive knowledge in the various emerging research areas in information systems (IS) field through IS research seminars and research collaboration opportunities with faculty members.

Academic advisors will help students configure a program of study which includes a rigorous sequence of courses in a variety of research methodologies, theories, and topics. Students will develop theoretical and methodological competencies in a variety of topics in the field of information systems and data science. Students will develop teaching competences through the teaching seminar, GA assignments to support a professor, and independently deliver courses. In addition to course work, students will actively engage in research with faculty members.

View the Information Systems for Data Science and Management curriculum.

Faculty Research

More than a dozen dedicated faculty members are devoted to student learning, with additional faculty serving in supporting roles. They are leaders in their fields who regularly publish scholarly articles in top academic journals. The program involves close, apprentice-like working relationships with faculty members, and students are introduced early to the world of conferences and publishing. Doctoral students are paired with faculty advisors based on their area of interest. This intense mentorship program allows students to learn the crafts of research and teaching in a highly collaborative environment. A sampling of faculty projects includes:

• cybersecurity analytics for massive communication graphs
• home health care management for dually diagnosed Individuals with mental and physical health problems
• characterizing managers' decision making patterns under uncertain and competitive environment
• business intelligence as an IT-enabled agile and competitive business platform
• social media, big data, and Innovation: an investigation of the software industry in India
• strategic use of cloud computing and data assets for sustainable competitive advantage
• decision modeling applications to areas such as technology development, policy, resource management
• abysmal behavior in online social networks
• the role of health IT in hospital acquisitions
• social influence on Bayesian learning process in post-adoption stage

Learn more about faculty and their research.

There are two main career opportunities for the individuals graduated from this program. They can pursue a career in academia as a faculty member or join an organization as a data scientist. In the first case, they can educate other data scientists and conduct state of the art research to be published in peer-reviewed journals.

For the second, students can become data scientists who use the acquired knowledge to excel the effectiveness of data collection and analytics in their organization and improve its competitiveness in today’s economy.

Organizations and Social Change Track

UMass Boston's Business Administration PhD - Organizations and Social Change (OSC) program has gained a strong international reputation for its distinctive focus on issues at the intersection of business and society and its explicit commitment to diverse perspectives, theories, and methodologies. The program examines how business and organizations structure societies, economies, and our identities, sometimes in harmful ways, but also how business and organizations can be engines for positive change.

This full-time, on-campus program is led by a high-quality faculty who are committed to supportive supervision and mentoring of students. Students are eligible for four years of financial support and enjoy opportunities to collaborate with faculty on research projects. Graduates of the program, which is primarily designed to train students for academic careers, have secured positions in well-known universities, while others have pursued successful careers in consulting and nonprofits.

The program is part of the AACSB-accredited College of Management at UMass Boston. The university is guided by a mission of social justice and community involvement. It is an extraordinary place to learn about the relevance of business and organizations in addressing societal issues.

The Organizations and Social Change program track is designed for students who are interested in pursuing a full-time doctoral program specializing in areas such as:

• social responsibility and sustainability
• social entrepreneurship
• sustainable economic development
• stakeholder engagement in corporate governance
• contemporary human resource management, such as diversity and contingent labor
• cultural and economic impacts of globalization
• transnational identities of consumers and employees
• gender equality and organizations
• multi-sector partnerships for poverty alleviation and development

Prospective students with prior degrees in management, sociology, economics, political science, or other relevant areas are encouraged to apply. Most successful applicants have a master’s degree. Prior research experience (e.g., data analysis, literature reviews, academic writing) is highly recommended. Students accepted into the program are offered full tuition credits and a $31,000 stipend to help defray living costs for up to four years. Summer stipends of $6,000 are also available annually to all qualified students. Travel grants annually fund academic conference presentations.

View the Organizations and Social Change Track curriculum.

Doctoral students are paired with faculty advisors based on their area of interest. This intense mentorship program allows students to learn the crafts of research and teaching in a highly collaborative environment. Students are introduced early to academic research and publishing. Current and former PhD students of the OSC track regularly publish in highly regarded journals, typically together with faculty, and have been involved in impactful community projects and action-oriented research.

Faculty of the OSC track possess international reputations in their fields and are actively engaged in academic and practice-oriented research, and publishing in highly regarded outlets on inequality, sustainability, social entrepreneurship, and diversity. Their expertise in organizations and social change brings them into close contact with business, entrepreneurs, government agencies, and nonprofits.

This year, Professor Maureen Scully was awarded the highly prestigious Joanne Martin Trailblazer Award from the Organization and Management Theory Division of the Academy of Management (2020). She also won the Donald Shephard Endowed Award for Research, College of Management, UMass Boston (2020).

Students in the OSC track will be positioned to pursue academic careers at universities and research institutions. Program graduates have successfully published in highly regarded academic journals and found excellent academic positions at institutions in North America and Europe.

The OSC PhD degree has qualified students for faculty positions in various departments, including entrepreneurship, strategy, management, and public affairs. They teach courses in organization theory, strategy, business and society, sustainability, business ethics, and international business. Several graduates have taken leadership positions in nonprofit organizations, research centers, and consulting.

Plan Your Education

How to apply.

Applicants need to submit a current résumé or CV, a statement of purpose, a writing sample, three letters of recommendation, official transcripts of all prior academic work, official GMAT or GRE scores, and, if appropriate, an official TOEFL or IELTS score. Provide these materials directly to the Graduate Admissions Office.

Writing Sample:

Please submit with your application one or two selected samples of prior academic writings. Such writings could include course papers from your master’s program, research papers, conference papers, or other types of manuscripts. Length is not important, but these typically range between 2,000 and 10,000 words. Please select papers written by you (solo-authored) that best showcase your ability to tackle a relevant research topic by using or developing analytical frameworks or theories, referencing other people’s work, and using empirical evidence (if applicable).

Information Systems for Data Science and Management Track (ISDS)

• Statement of purpose
• At least one writing sample
• Three (3) letters of recommendation
• A minimum, cumulative GPA of 2.75 on a 4.0 scale (or international equivalent) in all undergraduate work

Organizations and Social Change (OSC) Track

Applicants need to submit a current résumé or CV, a statement of purpose, three letters of recommendation, official transcripts of all prior academic work, a writing sample, official GMAT or GRE scores, and, if appropriate an official TOEFL or IELTS score.

Statement of Purpose: With your application, please submit a statement of purpose, including a mini-research proposal on an OSC topic that reflects the goals of the program. Your mini- proposal should be about 5 pages long, and it should include the following elements:

• Why do you want to study for a PhD in Organizations and Social Change
• A specific research topic/problem and its significance
• A compelling research question
• A review of previous work relevant to the research question, i.e. what we know so far
• The methods you propose (data collection, analytical techniques) to answer your research question
• A summary of expected results/outcomes, and their potential significance

Note that you are not committing to a PhD topic at this point; your goal is to demonstrate your current thinking and capabilities in research. The mini-proposal will help us determine some of your potential interests and your aptitude for doing research.

Writing Sample: Please submit with your application one or two selected samples of prior academic writings. Such writings could include course papers from your master’s program, research papers, conference papers, or other types of manuscripts. Length is not important, but these typically range between 2,000 and 10,000 words. Please select papers that are written by you (solo-authored), and which best showcase your ability to tackle a relevant research topic by using or developing analytical frameworks or theories, referencing other people’s work, and using empirical evidence (if applicable).

Deadlines & Cost

Finance: February 15 for Fall 2024

Information Systems for Data Science and Management: We are currently not accepting applications for this track. The next admittance for this track will be for Fall 2025.

Organizations and Social Change (OSC): We are currently not accepting applications for this track. The next admittance for this track will be for Fall 2025.

Application Fee: The nonrefundable application fee is $75. UMass Boston alumni and current students that plan to complete degree requirements prior to graduate enrollment can submit the application without paying the application fee.

Program Cost Information: Please refer to Cost & Aid - Graduate Students for more information. For additional information regarding tuition and fees, please visit the Bursar’s Office or email [email protected] .

Curriculum - Finance Track

Core courses (6 credits).

• BUSADM 700 - Business in Context: Markets, Technologies, Societies  3 Credit(s)
• BUSADM 775 - Professional Development Workshop - Doctoral Teaching  3 Credit(s)

Track Courses (30 Credits)

• BUSADM 710 - Accounting for Finance I 3 Credit(s)
• BUSADM 711 - Accounting for Finance II 3 Credit(s)
• BUSADM 721 - Quantitative Financial Analysis II 3 Credit(s)
• BUSADM 722 - Cross-Section Analysis of Financial Data 3 Credit(s)
• BUSADM 723 - Time Series Analysis of Financial Data 3 Credit(s)
• BUSADM 730 - Seminar in Investment & Asset Valuation 3 Credit(s)
• BUSADM 731 - Seminar in Financial Economics 3 Credit(s)
• BUSADM 732 - Seminar in Corporate Finance 3 Credit(s)
• BUSADM 780 - Advanced Data Mining and Predictive Modeling 3 Credit(s)

Electives (9 Credits)

Complete three additional BUSADM courses.

At least one course must be from below.

• BUSADM 733 - Advanced Topics in Corporate Finance 3 Credit(s)
• BUSADM 734 - Topics in Investment Asset Pricing 3 Credit(s)
• BUSADM 736 - Accounting for Finance III 3 Credit(s)
• BUSADM 782 - Optimization for Data Science 3 Credit(s)

Dissertation Research (12 Credits)

• BUSADM 777 - Dissertation Seminar - Finance track 3 Credit(s) or
• BUSADM 899 - Dissertation Research 1-12 Credit(s)

Curriculum - Information Systems for Data Science and Management

• BUSADM 700 - Business in Context: Markets, Technologies, Societies 3 Credit(s)
• BUSADM 775 - Professional Development Workshop - Doctoral Teaching 3 Credit(s)

Track Courses (27 Credits)

• BUSADM 740 - Information Systems Theory I: Behavioral and Group Perspectives 3 Credit(s)
• BUSADM 741 - Information Systems Theory II: Organizational and Economic Perspectives 3 Credit(s)
• BUSADM 742 - Regression Analysis 3 Credit(s)
• BUSADM 743 - Decision and Risk Analysis 3 Credit(s)
• BUSADM 744 - Quantitative Research Methods in Information Systems 3 Credit(s)
• BUSADM 745 - Multivariate Statistics 3 Credit(s)
• BUSADM 785 - Big Data: Management, Analytics, and Applications 3 Credit(s)

Core Electives (9 Credits)

Complete three additional courses chosen with faculty advisor approval.

Curriculum - Organizations and Social Change Track

Track courses (18 credits).

• BUSADM 750 - Foundations of Organization Theory 3 Credit(s)
• BUSADM 751 - Contemporary Organization Theory 3 Credit(s)
• BUSADM 754 - Introduction to Organizations & Social Change 3 Credit(s)
• BUSADM 770 - Introduction to Research Methods for the Social Sciences 3 Credit(s)
• BUSADM 771 - Contemporary Research Practice on Management, Organizations, and Social Change 3 Credit(s)
• BUSADM 891 - Dissertation Proposal Course 3-6 Credit(s)

Electives (18 Credits)

Complete six additional courses chosen with approval of the faculty advisor.

Graduation Criteria

Program requirements - finance track.

Complete a minimum of 57 credits from at least sixteen courses including two core courses, ten track courses, three electives, and twelve credits of dissertation research.

Doctoral candidacy:  Pass qualifying exams at the end of the first and second years. Dissertation: Compose and defend a dissertation based on original research. Project: Complete a summer project.

Statute of limitations: Eight years.

Program Requirements - Information Systems for Data Science and Management Track

Complete a minimum of 54 credits from at least 15 courses including two core courses, nine track courses, three electives, and twelve credits of dissertation research.

Doctoral candidacy: Pass a qualifying exam taken at the end of the second year. Dissertation: Compose and defend a dissertation based on original research. Project: Complete a summer project.

Program Requirements - Organizations and Social Change Track

Complete a minimum of 54 credits from at least 15 courses including two core courses, six track courses, six electives, and twelve credits of dissertation research.

Doctoral candidacy: Pass a qualifying exam by the end of the second year. Dissertation: Compose and defend a dissertation based on original research. Project: Complete a summer project after the first year.

Learning Outcomes

As a candidate in the Business Administration PhD, you will:

• Develop a strong foundation in the theories and concepts of business administration
• Acquire advanced research skills to design and conduct original research in the field of business administration
• Build the ability to analyze complex business problems and develop innovative solutions
• Develop the capacity to effectively communicate research findings through scholarly writing and presentations

Learning Outcomes: OSC Track

The OSC PhD track will prepare students to pursue academic and research careers and have a broader impact on the world by engaging with the media and organizational practice. Students will learn how to:

• Apply theoretical frameworks to understand business and organizational practices, as well as their economic, social, cultural, environmental, and political impacts
• Conduct qualitative and quantitative research and identify problems and solutions
• Critique policy and articulate recommendations on issues at the interface of business, government, and critical social issues
• Translate research into more practice-oriented articles, media coverage, and organizational interventions

Graduate Program Director Chi Wan (Finance) Chi.Wan [at] umb.edu

Graduate Program Director Ehsan Elahi (Information Systems for Data Science and Management) Ehsan.Elahi [at] umb.edu (617) 287-7881

Graduate Program Director David Levy (Organizations and Social Change) David.Levy [at] umb.edu (617) 287-7860

Finance Faculty

• Mehran Azimi, Assistant Professor of Finance
• Arindam Bandopadhyaya, Professor of Finance, Chair of Accounting and Finance Department
• Atreya Chakraborty, Professor of Finance, Director of Partnerships and PhD Program
• Mine Ertugrul, Associate Professor of Finance
• James L. Grant, Associate Professor of Finance
• Tyler J. Hull, Assistant Professor of Finance
• Aditya Kashikar, Assistant Professor of Finance
• Rui Li, Associate Professor of Financial Economics
• Lucia Silva-Gao, Associate Professor of Finance
• Chi Wan, Associate Professor of Finance
• Yijia (Eddie) Zhao, Associate Professor of Finance

Accounting Faculty

• Ting Chen, Assistant Professor of Accounting
• Thomas J. Hogan, Associate Professor of Accounting
• Robert Kim, Assistant Professor of Accounting
• Sangwan Kim, Associate Professor of Accounting
• Jay Junghun Lee, Associate Professor of Accounting
• KoEun Park, Associate Professor of Accounting
• Yong-Chul Shin, Associate Professor of Accounting
• Surjit Tinaikar, Associate Professor of Accounting
• Kiran Verma, Associate Professor of Accounting
• Wan-Ting (Alexandra) Wu, Associate Professor of Accounting
• Xiaolu Xu, Associate Professor of Accounting
• Kun Yu, Associate Professor of Accounting

OSC Faculty

• Alessia Contu, Chair, Department of Management; Professor of Management
• Edward J. Carberry, Associate Professor of Management
• Silvia Dorado-Banacloche, Associate Professor of Management
• Samantha E. Erskine, Assistant Professor of Management
• Pacey C. Foster, Associate Professor of Management
• Janice Goldman, Senior Lecturer II in Management
• Mohsin Habib, Associate Professor of Management
• Marc Lavine, Associate Professor of Management
• David Levy, Professor of Management
• Benyamin B. Lichtenstein, Associate Professor of Entrepreneurship and Management
• J. Keith Motley, Professor of Management
• Jared M. Poole, Assistant Professor of Management
• Maureen A. Scully, Professor of Management
• Vesela Veleva, Senior Lecturer in Management

ISDS Faculty

• Ramakrishna Ayyagari, Associate Professor of Management Information Systems
• Pratyush Bharati, Associate Professor of Management Information Systems
• Roger Blake, Associate Chair, Management Science & Information Systems; Associate Professor of Management Information Systems
• Kui Du, Assistant Professor of Management Science and Information Systems
• Ehsan Elahi, Associate Professor of Management Science
• Davood Golmohammadi, Associate Professor of Management Science
• Shan Jiang, Assistant Professor of Management Information Systems
• Jeffrey Keisler, Professor of Management Information Systems
• Jonathan Kim, Assistant Professor of Management Information Systems
• Jean-Pierre Kuilboer, Associate Professor of Management Science and Information Systems
• Daniel Lee, Associate Professor of Management Information Systems
• Josephine Namayanja, Assistant Professor of Management Information Systems
• Romilla Syed, Assistant Professor of Management Information Systems
• Peng Xu, Chair of Management Science and Information Systems; Associate Professor of Management Information Systems
• Wei Zhang, Assistant Professor of Management Information Systems

Accounting & Finance Department

Learn more about UMass Boston's Department of Accounting & Finance, our research and our faculty.

College of Management

Learn more about the faculty, research, and programs that make up our College of Management.

• Student Activities
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Doctoral Research

• Undergraduate Research
• Careers for Ph.D. Students
• Careers and Internships for Undergraduates
• Ph.D. Program in Economics

Why apply to Clark’s doctoral program in economics?

Since the 1930s, Clark’s doctoral program in economics has prepared students to address some of the day’s most critical issues from the unique environment of a liberal arts and research university. Our intimate size fosters both a community of scholars and a robust department of supportive, field-leading faculty committed to academically innovative work in the areas of spatial analysis, development, and environment. Backed by the department’s resources as well as those of Clark’s George Perkins Marsh Institute , students use empirical and analytical skills to engage in research that not only advances knowledge in their fields, but also addresses policy issues in the areas of environmental economics, development, urban economics, and international economics.

Our Community

The program welcomes talented, dedicated students with a strong work ethic to contribute to our diverse community of scholars. The approximately 40 students in our economics doctoral program bring a wealth of experience and knowledge from across the world. In the past five years, our department also has hosted three Fulbright Scholars. As such, our program creates an intellectual environment at a small urban university where differences in disciplinary approaches enhance learning, and close faculty-student relationships — including the opportunity to participate in a teaching mentorship program — foster collegiality.

Meet Our Faculty

Key Details

Our program emphasizes the development of the theoretical understanding and empirical skills required to carry out research in applied economic analysis. Economic theory and econometrics, coupled with an early emphasis on research — students in their second year have opportunities to conduct and present original research — helps students progress quickly after reaching the dissertation stage and assists with their job searches.

Our program offers these specializations:

• International economics
• Environmental economics
• Urban economics applications
• Applied economics
• Development economics

Other electives are offered occasionally and it’s possible to combine and cross electives and research. For example, students have combined environmental economics and economic development, using insights and techniques in both areas for their research.

How long will it take to complete the Ph.D. in economics at Clark University? Can students who already hold master’s degrees enter the program? What are the requirements?

View Requirements

Explore Courses in the Economics Ph.D. Program

The congenial size of the program and the emphasis at Clark on high-quality teaching offer students opportunities to cross boundaries in their own research, such as combining trade and industrial organization or environmental economics and economic development.

Alumni Careers

Clark’s economics Ph.D. program prepares students to work in academic and professional fields across the world. Our graduates have accepted positions at the Massachusetts Institute of Technology, Social Security Administration, U.S. Department of the Treasury, United Nations World Food Program, Oklahoma State University, Universita Di Roma La Sapienze, and World Bank.

Faculty Mentors

While rigorous and focused on fostering independent research, our program’s size allows for supportive faculty-student relationships that start during the first year of study. Our faculty strives to help students throughout each stage of the program and beyond with resources for job opportunities, labor market advice, writing tips, and data sources.

Department of Economics

Jonas Clark Hall, Room 124 950 Main Street Worcester, MA 01610

• 1-508-793-7226
• 1-508-793-8849 Fax

Computer Lab 1-508-793-7229

Graduate Lounge 1-508-793-7238

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Economics is the study of human energy – how we organize our efforts to get what we want. Market exchange plays a central role in this process, but processes of conflict and coordination that take place outside of markets are also important. Economics contains two broad sub-disciplines: microeconomics analyzes the individual behavior of households, business firms, and governmental entities; while macroeconomics focuses upon aggregate economic performance of nations and their interdependencies in the global economy.

Undergraduate program options include a Bachelor’s degree , a minor , and multiple certificates .

Welcome to the Economics Community

Economics attempts to understand the economic choices of individuals, families, firms, and other institutions. For example, how do parents allocate time and other family resources? How do firms decide what to produce and whom to hire? Economists also attempt to understand the workings of the economy as a whole. What causes inflation, unemployment or inequality? How do regulation and deregulation of industries affect product prices and quality? Why does the cost of medical care rise faster than other costs? Economists have developed a body of principles and methods which help them to think about these problems. The study of economics is the study of those principles and methods, and their application to questions such as those mentioned above.

Economics majors all take courses in two basic areas of economics: microeconomics and macroeconomics; and in statistics and mathematics, which are useful tools in the study of economics. The remaining courses are chosen by the students themselves, in accordance with their interests and career objectives. Every student takes at least four courses of his or her choice in Economics; these can be courses in methods or courses in applied areas. Every student also has the option of substituting a five-course collateral field composed of courses taken outside of Economics for two otherwise required courses in Economics, as described in “The Major”; and “The Collateral Field Option.” Examples of such fields are: history, international relations, business management, and political science.

Featured Articles

Umass get hired career fair wednesday, 4/24.

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Get Hired 2024! All Majors Career Fair Wednesday, April 24th 12:00-4:00pm Campus Center Auditorium (bottom floor)

Who should attend? Any student looking for a full-time job or summer internship. Most employers are looking for students ready to start a full-time …

Why take SOC BEHAV 250: College to Careers?

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Earn Credit & De-Stress Your Career Planning !

Learn:  How To Get Internships And Jobs Build:  Your Network Create:  a Polished Resume, Cover letter & LinkedIn Profile Get:  Expert Advice in a Student-Friendly Setting

Register for this highly useful and popular …

Winter Break Skill Building Program, with SBS Careers

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Winter break is around the corner and is a long 6+ weeks.  Are you wondering how to use that time?

Your SBS Career team invites you to join us virtually for a structured, self-guided professional skill building program, so you …

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Academic advising.

Important:  These advising links are for current majors. To declare this major, follow instructions  here .

Upcoming Events

Featured jobs + internships.

Featured Alumni

Becca Eige’18, Economics

• Quality Improvement Consultant Medical Critical Care Boston Children's Hospital

Tom Aulenbach’19, Economics

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• Washington, DC
• Business Transformation Consultant IBM

Trace Dodge’19, Economics & Political Science

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• Director's Financial Analyst Rotational Program Consumer Financial Protection Bureau

Featured Resources

Academicworks: scholarship application system.

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UMass’ powerful scholarship application system. Log on with your net ID and password to get started.

Tutoring: Learning Resource Center (LRC)

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The central academic support unit for undergraduate students.

Writing Center

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We work with undergrad, grad, staff, post-doc, and faculty writers at any stage of the writing process: brainstorming and outlining, …

Remedying Inequity through Student Engagement – SBS RISE

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SBS RISE is designed to create community, and provide specialized academic programs and opportunities for underrepresented students within SBS (those …

Study Abroad: International Programs Office (IPO)

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For any student interested in Education Abroad.

Success Coaching: CMASS

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Success coaching is a personalized service to promote progression towards your desired outcomes. CMASS Coaches use a holistic, intersectional and …

Economics: Domestic Exchange & Study Abroad

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The Economics Department encourages students to study away from Umass and will work with you to fullfill economics major and …

Economics: Awards & Scholarships

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Economics: Internships & Careers

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To keep up to date with Economics Department events and announcements, internship and job postings, fellowship opportunities, Undergrad Economics Club …

Skill-Building With Linkedin Learning Classes

See below for skill-building classes –  visit  LinkedIn Learning   for more.

Python for Students

Learning Data Analytics: 1 Foundations

Excel Essential Training (Microsoft 365) (2018)

SQL Essential Training (2019)

Data Visualization: Best Practices

Learning Excel 2016

PowerPoint: Designing Better Slides (2017)

Excel: PivotTables for Beginners (2018)

Learning Bitcoin and Other Cryptocurrencies (2018)

Cryptocurrency Foundations (2018)

Outlook Quick Tips (2017)

Financial Modeling Foundations

Microsoft SQL Server 2019 Essential Training

Understanding Capital Markets

Presentation Tips for Pitching to Investors

Nano Tips for Using Excel with Miss Excel (2021)

Six Sigma Foundations

Business Analysis Foundations: Business Process Modeling

Finance Foundations: Risk Management

PowerPoint Essential Training (Office 365/Microsoft 365) (2020)

Relevant courses.

SBS College to Careers – SOCBEHAV 250

Experiential opportunities, economics undergraduate research assistantships (eura), remedying inequity through student engagement (sbs rise), sbs in boston – boston-based credited internship program during the semester experience with umass amherst: mt. ida campus umass amherst: mt. ida campus, civic engagement & service learning (cesl), research opportunities, economics undergraduate research assistantship (eura).

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The Department of Economics has instituted a program of undergraduate research assistantships in which current students majoring in economics work …

Research Readiness Moodle Course: UMass OURS Program

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OURS has created a short Research Readiness Moodle course that provides information about getting involved in research and guides you …

Rising Researcher Award (UMass)

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Office of National Scholarships (ONSA)

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The Office of National Scholarship Advisement (ONSA) at UMass helps students (and alumni who are not currently in grad school) …

Office of Undergraduate Research & Studies (OURS)

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OURS helps students find and access undergraduate research and scholarly opportunities on and off campus, throughout the year.  We serve …

UMass: Library Research Guide

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Explore Outcomes

The SBS Office of Career & Professional Development annually surveys graduating seniors in order to provide a snapshot of their post-graduation plans.  The survey begins just prior to graduation, and continues until six months after graduation.  Our data collection process is guided by the industry standard put forth by the  National Association of Colleges & Employers , and includes information collected by the SBS Office of Career & Professional Development, the Office of Institutional Research at UMass Amherst, and by various academic departments, as well as from information that is made publicly available by students.  The SBS undergraduate outcomes knowledge rate for 2022 was 70%, though knowledge rate varies among departments.

The SBS Office of Career & Professional Development annually surveys graduating seniors in order to provide a snapshot of their post-graduation plans.  The survey begins just prior to graduation, and continues until six months after graduation.  Our data collection process is guided by the industry standard put forth by the National Association of Colleges & Employers , and includes information collected by the SBS Office of Career & Professional Development, the Office of Institutional Research at UMass Amherst, and by various academic departments, as well as from information that is made publicly available by students.  The SBS undergraduate outcomes knowledge rate for 2022 was 70%, though knowledge rate varies among departments.

First Destination

Top employers, starting salary, employment locations, top universities, fields of study.

SBS graduates pursue a range of plans after graduation, including employment, continuing education, and volunteering/service, among others.  This graph depicts what recent SBS graduates tell us they are doing within six months after graduation.

Students in the College of Social & Behavioral Sciences at UMass Amherst build the skills employers seek, such as critical and analytical thinking, creative problem solving, communication, cultural awareness, and more.  This makes our students highly attractive candidates for a wide variety of roles with an even wider range of employers and industries.  The list of employers featured here is based on information reported by students or employers to SBS, or employment data that is made publicly available by students. The list is formulated based on the most-commonly reported hiring employers. Generally, the first ten on the list have hired multiple students, and after that, employers who have hired at least one SBS grad are listed in alphabetical order. Survey data indicated that a minimum of 330+ distinct employers hired UMass students in 2022.

Starting salary data is self-reported by the new graduates and is not a required field on the survey, so this data is incomplete with regard to salary ranges.  Keep in mind that salaries for volunteer/service roles are, by their nature, low, and skew the averages lower.  There are also students making significantly more than the average.  Both cost of living (based on geographic location), and chosen industry have a significant impact on starting salaries. These data do not include information on benefits such as health insurance, tuition reimbursement, bonuses, and other important factors in a student's employment decision making process.

A majority of students in the College of Social & Behavioral Sciences, as with the University as a whole, are residents of Massachusetts.  While the majority of our graduates choose to stay in Massachusetts for their first post-graduate jobs, many others accept positions all across the country, and around the world.  Common first destination locations are Washington, D.C., New York City, California, and the other New England states.

United States

The list below provides a look at the most-commonly reported graduate schools in which SBS graduates are enrolled.  While many SBS graduates choose to stay at UMass Amherst for their graduate education, many others attend universities across the country and around the world.

The variety of fields of study selected by SBS graduates is a good indication of their diverse interests, and their desire to both expand and deepen their understanding of their area of interest.

We don’t have enough student data to show you these results.

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Plant Biology Graduate Program

Financial support.

Submitted by rootlet on Sat, 2015-10-17 07:37

PhD graduate students are provided the following support - a yearly stipend (for 2021/22 - $31,543.20) with additional benefits of health insurance, dental insurance and tuition and curriculum fee waivers. The value of stipend, benefits and waivers totals more than $46K. The stipends may be from a research assistantship, a teaching assistantship or fellowships.  All PhD students are required to serve as teaching assistants in an instructive capacity for at least two semesters during their study. Doctoral degree students who remain in good standing will be supported for up to five years.

Master's student support is by arrangement between the student and their advisor for both the traditional MS degree and the 5th year MS degree, and prospective students must clarify this directly with their proposed advisor.  Traditional MS students who remain in good standing are generally supported by their advisor for two years.  The 5th year MS program is limited to undergraduates from the Five Colleges - Amherst, Hampshire, Mt. Holyoke, Smith, UMass Amherst.  

Expenses & Financial Aid

Financial aid.

The most current information for Boston University’s Graduate Financial Aid can be found here .

All newly admitted PhD students are offered five years of funding, conditional on satisfactory progress in the program. First-year students in the PhD program all receive non-service fellowships, meaning that they are not expected to be teaching assistants, research assistants, or perform other tasks in exchange for a stipend. Second- and higher-year students typically receive either teaching fellowships, where they assist with the department’s teaching mission, or research assistantships, where they work with faculty on research projects. The funding covers tuition charges (detailed above), health insurance, and a stipend for living expenses. For the 2023-2024 academic year, the stipend is $26,267. In some cases, summer funding may also be available.

Graduates of BU’s Economics master’s program are automatically considered for a special prize which provides a summer stipend of $4,000, payable the first summer in the PhD program. This prize was made possible by a generous donation from the family of an MA alumnus. The recipient will be selected on the basis of merit by the PhD admissions committee. All applicants to the PhD program who have earned (or will earn before joining the PhD program) an MA, BA/MA, MA/MBA (in Economics), MAEP, or MAGDE degree — within the three previous years — are automatically eligible for consideration. For admissions in 2022/2023, this means that an eligible applicant must earn his or her master’s degree from Boston University sometime between May 2019 and September 2023.

Through the Economics Department’s Institute for Economic Development (IED), PhD students are eligible for research awards, travel grants, and journal submission grants. Please visit  IED for more information.

Please visit this link for updated information regarding cost of attendance at Boston University.

Massachusetts law requires all students who are carrying at least 75 percent of the full-time curriculum to have medical insurance. Students who cannot demonstrate coverage under a qualifying medical insurance plan are required to purchase the University’s student health insurance plan . Again, health insurance is included in the financial aid package offered to all newly admitted PhD students.

Estimated minimum off-campus living expenses for one academic year (September to May) are approximately $19,000 for a single student. Please keep in mind that the figures for living expenses are estimates, and students are advised to bring additional funds, if possible.

For more information, see the Graduate School of Arts & Sciences Aid for PhD Students page.

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Economics BA, BS

Economics is the science of decision-making. It provides a framework for understanding how human interactions and exchanges work. Economists identify and analyze the costs and benefits of financial and policy decisions and look for trends in data.

We offer a bachelor of arts and bachelor of science degrees in economics so that you can personalize your education to align with your goals. Whether you choose a BA or BS, we'll help you develop analytical skills that will enable you to successfully enter any number of industries as a professional.

As an economics major at UMass Dartmouth, you'll learn how to:

• collect and analyze micro and macroeconomic data
• evaluate findings from data analysis
• formulate recommendations for business decisions and policymakers
• interpret and forecast market trends
• research economic issues and evaluate policy solutions

Economists pursue careers in business, economic journalism, finance, government, insurance, management, public policy and real estate. Your degree will also prepare you for graduate study in areas such as business, policy, and law.

Major in Economics

Our curriculum provides a sound foundation in economic theory and practice by focusing on a variety of applied fields which emphasize international, national, and regional economic problems, issues, and policies.

You'll gain the practical skills necessary for intelligent decision-making and administration in business and government. You'll also develop quantitative skills as you learn graphical and mathematical analysis.

Bachelor of Arts in Economics

The BA in economics focuses on economic theory and application while providing sufficient quantitative skills for analytical careers. Capitalizing on the multidisciplinary nature of economics, students will support their major studies with a comprehensive liberal arts background. 

You’ll prepare yourself to critique policy options and communicate complex concepts to non-economists. This degree is well suited to students seeking positions in local and state government or secondary education.

You'll complete 36 credits in courses related to your major, including an internship and a statistics lab. Requirements across humanities, natural sciences, social sciences, foreign language, and free electives or a second major or minor comprise the remainder of your 120 credits.

Bachelor of Science in Economics

The BS in economics provides a more quantitative focus while still incorporating a sound theoretical foundation and ample opportunity to explore a variety of applied fields such as health, education, international trade and finance, growth and stability, and environmental and public economics.

You'll gain the practical skills to analyze large data sets, inform data-driven decisions, and communicate your results in the context of an economics degree focused on evaluation of costs and benefits and intelligent decision-making.

You'll complete 36 credits in courses related to your major including an internship and a statistics lab as well as econometrics and an econometrics lab. College of Arts & Sciences requirements include six credits of math and/or data analytics in exchange for fewer requirements from the humanities, natural sciences, social sciences, and foreign languages. Free electives or a second major or minor make up the remainder of the 120 credits for your degree. 

Minor in Economics

What line of work is not impacted by economics? Develop the critical thinking and analytical skills employers are looking for by minoring in economics. Open to all UMass Dartmouth majors, the minor requires 18 credit hours to complete.

4+1 BA/BS-MAT: a fast track to teaching Economics

Student success, graduate schools.

• Brown University
• Clark University
• George Washington University
• Northeastern University
• Tufts University
• University of Connecticut
• UMass Law, MBA

Career placements

• Citizens Bank
• Federal Depository Insurance Commission (FDIC)
• RTI International
• State Street
• U.S. Food and Drug Administration (FDA)
• U.S. House of Representatives

Economics mean starting salary: $ 51,487

Umassd's undergraduate experiences.

Take advanced courses, pursue research, and be part of a community of scholars.

Earn academic credits and gain a global perspective on your field.

Faculty work with students on cutting-edge research projects.

Gain the benefit of a broad university education to enhance your knowledge and skills.

UMassD advantages

• Experience: Join faculty in their research or explore an internship
• Community: Get involved by joining the Economics Association and our chapter of Omicron Delta Epsilon, the Economics Honors Society
• Network: Attend the department's seminar series, which features speakers from industry and visiting faculty

Expand your opportunities

• 3+3 Law degree : If you are thinking about law school, consider UMass Law's accelerated program. Your first year at UMass Law counts as your senior year at UMass Dartmouth.
• Master's in Public Policy:   Earn your master's degree in public policy 

Teacher preparation

Your path to becoming a middle or high school teacher in Economics .

Economics faculty

Study online.

Online & Continuing Education at UMass Dartmouth offers:

• BA in economics online
• a major in Healthcare Administration , housed in the economics department, for healthcare professionals holding an associate's degree

Explore more

• Economics department
• Diversity, Equity, and Inclusion Statement
• UMassD Course Catalog

Course descriptions, schedules and requirements

Related academic programs.

• Healthcare Services Administration
• Mathematics

Request info

Learn more about UMassD's academics, admissions, and events. We'll be in touch soon.

Sarah Cosgrove , PhD

Professor / Chairperson Economics Liberal Arts 381

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