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Thread: Econ PhD Admissions

  1. #11
    Eager! madabouteco is on the way!
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    admission process is really randon..i got a reject from a real low ranked place and an acceptance from a top 25 US school!!now what would you call that!!

  2. #12
    Trying to make mom and pop proud EPL-Sci just joined TestMagic.
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    @madabouteco: No offense, but that doesn't necessarily mean that they just randomly pick people. It could just mean that they use different criteria!

    By the way, it seems pretty interesting to me how some of the future econ grad students in this thread don't seem to care very much about accuracy when talking about probability ;-)

  3. #13
    Eager! madabouteco is on the way!
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    @EPL-Sci
    that might be true in some cases like mine.
    anyways , atleast we can say that randomness lies in the criterion chosen for selection.

  4. #14
    Groping toward equilibria Tatonnement has disabled reputation
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    Other notes...

    I don't think the randomness discussion is going anywhere. The point was just that people get overlooked. When I'd applied to grad school I was turned down by the place where I now teach. I remember taking the rejections personally, which of course was silly. But now looking at it from the other side I probably would have turned myself down too. I had a fine but undistinguished record, and we get many, many applicants who fall in that bin.

    It's now getting to be so that we now expect students to take math every year in school, and many of them to take graduate level math. Students who complete requirements of econ majors at good schools with almost all A's often end up well down on the list.

  5. #15
    Eager! vagabond_shoes 's dreams are becoming reality.
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    Tatonnement you rule, thanks for your comments!

  6. #16
    Within my grasp! Larami 's dreams are becoming reality.
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    Maybe pseudo-random. Their "search algorithm" probably hits points the dept feels important, but may skip over some things we feel are important.

  7. #17
    Within my grasp! JKRIS is a TestMagic guru. Show your respect!
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    During the application process, I learnt that departments rank their applicants based on several criteria like grades, test scores, fit in the program and so on. Also different programs give wieght criteria differently.

    This is remarakably similar to the process in ranking universities. Rankings at econphd.net places Texas A&M at 44 and the study by Kalaitzidakis et al places the same school at 76. NC State is top 50 in USNEWS but around 90 according to econphd.net.

    So the process is not random - rather it is not consistent from program to program.

  8. #18
    Groping toward equilibria Tatonnement has disabled reputation
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    One other note while I'm whiling away my day...

    In my experience the statement of purpose is worth very very little. Unless there's a gap in the record which needs to be explained (which isn't very common), they convey close to zero information.

    Finally, I think the random/non-random discussion is a distinction without a difference. It's not just that different departments value components differently, but different committee memebers do to. It's like Harsanyi purification: conditioning on unobserved preferences, it's not random but to an outside observer it looks like the outcome of random draw (i.e. a mixed strategy).

  9. #19
    Eager! vagabond_shoes 's dreams are becoming reality.
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    Tatonnement, since you know from the other side and you say the SOP doesn't matter, how much does QGRE matter? Is it just a quick way cut off, i.e. only those above Q750 are reviewed or is it also a main decision variable?

  10. #20
    Within my grasp! associate radiates success.
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    That makes sense. I wasn't trying to disagree with you, Tatonnement, as much as to clarify notacolour's comments that yes, sometimes depts have to use arbitrary criteria, especially for the last few slots. Overall though, I would still consider the admissions process a merit-based system as opposed to a lottery, as others have sometimes suggested.

    Anyways, thanks for your good advice and thoughts on UMD. Here's another question: How would you view additional math classes (say, grad real analysis and measure/integ theory as in my case) taken by someone who has been out of college for a few years. To what extent can such classes signal a serious interest in grad econ, an ability to do rigorous math (assuming good grades in these courses), an improvement over less stellar grades rigorous post-Calc courses from a competitive college, and/or an improvement over little/no post-Calculus/linear algebra math courses in college?

    This is something I've wondered and often been asked about, so I'm really curious how you find it's viewed "from the other side."

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