Profiles and Results 2009

[brettm84]

PROFILE:
Type of Undergrad: U.S. Large Public University, maybe top 150 econ. B.A. Philosophy and History (2007), B.S. Economics (2008)
Undergrad GPA: 3.96/4.00 (4.00 Econ and Math)
Type of Grad: 1 yr. masters at same university as undergrad.
Grad GPA: 3.70/4.00
GRE: 780Q, 630V, 5.0 AW
Math Courses: Undergrad: Calc. 1-3, Linear Algebra, ODE, Intro to statistical methods (I & II), finite math, discrete math.
Graduate: Probability theory (B), Intro to stochastic processes (in progress)
Econ Courses: The usual undergraduate classes.
Graduate Econ Courses: Math for Economics (A-), Micro theory I (A), Macro theory (A), Econometrics (A), Micro theory II (in progress), Econometrics seminar (in progress), Monetary Economics (in progress).
Other Courses: the first 75% of my transcript is largely irrelevant (mostly philosophy and history courses).
Letters of Recommendation: All 3 from econ professors. Only 1 is from someone who is active researching/publishing.
Research Experience: none
Teaching Experience: grader/TA for math department.
Research Interests: macro, development, financial
statement of purpose: straightforward and informative. I am uncomfortable saying anything nice about myself, so it may have been too "humble".
Other: My undergraduate career got off to a rocky start, and includes being suspended for disciplinary reasons. I included an explanation of the "incident" in each application. Six years having elasped probably reduced the negative impact. UNC, however, did make me pay for a criminal background check.

RESULTS:
Acceptances: UNC($), Duke (Tuition only), UVA (no $), Univ. Wash. (no $)
Waitlists: WUSTL
Rejections: UPenn, Yale, JHU
Pending:

Attending: University of North Carolina-Chapel Hill


What would you have done differently? I have only been doing economics for a year and a half, and my pre-econ career included no math, so my record is limited. Obviously, if I had decided to pursue a PhD in Econ earlier, I could have done more to improve my application. I should have chosen my reach schools from a little further down the rankings, since it probably took Upenn and Yale all of 2 min to toss my application in the trash. When I submitted the applications I gave myself a 1% chance to get into Upenn and Yale, a 10% chance for JHU and Duke, and 50% for the rest, so E[# of acceptances]=2.22. I exceed my expectations so I am very happy, and I'm sure I'll love UNC.

[hawksfanatic]

PROFILE:
Type of Undergrad: U.S. Top 30 Public, B.A. Philosophy and Economics
Undergrad GPA: ~3.4
Type of Grad: Econ
Grad GPA: ~3.5
GRE: 740 Q, 470 V, 5.0 AW
Math Courses: Calc I-III, Intro to Stats, Linear Algebra, Theory of Probability
Econ Courses: Standard Micro Macro sequence all the way through the PhD level, Econometrics I and II, Public Choice, Math for Economists, International Finance, Antitrust, Theory of Gov't Regulation
Other Courses: A lot of philosophy courses
Letters of Recommendation: One well known econ professor from UVA, 2 lesser known econ professors (Chicago and Brown). All very excited.
Research Experience: None
Teaching Experience: None
Research Interests: Undecided, but leaning towards econometrics at the moment
statement of purpose: Body was generic for every school, changed a few things for each school
Other:

RESULTS:
Acceptances: NCSU ($$), TAMU ($-wl), UGA($-wl), GMU(no $)
Waitlists: None
Rejections: UVA, Vanderbilt, ISU
Pending: None

What would you have done differently? Maybe study for the GRE more. Hard to say that when I came to college that I wanted to pursue a PhD, it never crossed my mind until the 2nd part of my junior year which is hardly enough time to take all the recommended math courses. In the end I got what I wanted, a place that wants me and is large enough to accommodate any possible changes in my fields of interest. I will be attending NCSU.

[Texcards]

PROFILE:
Type of Undergrad: B.S. Mechanical Engineering, Minor Economics and Math at very large state school (top 15 engineering, top 50 economics)
Undergrad GPA: 3.35/4.0 (3.65 Math, 4.0 Econ)
Type of Grad: None
Grad GPA: N/A
GRE: 800Q, 550V, 4.0AW
Math Courses: Calc I-III(A,B,A), Differential Equations (B), Linear Algebra (A), Mathematical Probability and Statistics (A), Fund Discrete Math (Spring 09)
Econ Courses: Principles of Micro and Macro (A, critical reasoning by exam), Intermediate Micro and Macro theory, Econometrics (A,A,A)
Other Courses: Lots of engineering
Letters of Recommendation: 2 not well known assistant econ professors (UT-Austin, Rice) but excelled in their classes, 1 associate engr professor (Berkeley) that I went on a study abroad trip with
Research Experience: none
Teaching Experience: none
Research Interests: International and Development
statement of purpose: Paragraph about why I wanted to do econ even though I did engineering as an undergrad, another on my interests, and another on why I wanted to be an academic. Slightly altered my interests paragraph depending on the school, but for the most part the same for each one.
Other: Didn’t start considering this until fall of last year.

RESULTS:
Acceptances: UC Riverside (Fellowship), University of San Francisco MA in International and Development Economics (1/2 tuition remission + TA), UC Davis, University of Washington, UC Santa Cruz, Colorado, Oregon, UI-Chicago
Waitlists: Oregon fellowship, eventually notified of no funding
Rejections: Maryland, Boston University, Boston College, UT Austin, Michigan State, Georgetown, UBC MA
Pending: Toronto MA, Queen’s MA

What would you have done differently?
I wouldn’t have applied to the Canadian MA’s (1 year wouldn’t have been enough to help me), Michigan State, UCSC, or UI-Chicago and maybe applied to a couple more reaches instead, but I really didn't think I would get into as many as I did. I don’t know if it would have changed anything though, after really thinking about it I think an MA is a very good choice for me. I’ve realized that my 3 economics courses hasn’t given me enough of a background in general economics knowledge. Yes I could learn it in the course of a PhD but I think strengthening my economics background will allow me to have more focus on what field I want to go into and give me more ideas when I eventually start to write my dissertation. An MA will also allow me to improve 3 big weaknesses in my profile: (1) Do some research which will allow me to have (2) stronger letter of reference’s and (3) a more focused statement of purpose.
I think I learned a lot in this application process and feel like I will be able to put together a much better application in 2 years after an MA.

Attending:
University of San Francisco MA in International and Development Economics

[EcoBd]

PROFILE:
Type of Undergrad/Grad: BSS and MSS in Economics in a South Asian University.
Undergrad/Grad GPA: 3.7/4.0 in Undergrad and 4.0/4.0 in Grad
GRE: 790Q, 380V, 3.5AWA
TOEFL: 106 (29R, 29L, 23S, 25W)
Courses: Lots of econ courses. PhD level micro and econometrics. Calculus, probability theory, linear algebra, real analysis etc.
Letters of Recommendation: 3 economics professor from my University. 1 got his PhD from Harvard and taught me Microeconomics. Another did her PhD from MIT and taught me Econometrics. The last one got his PhD from Manchester and taught me International Economics. I am sure that they all gave me excellent recommendations.
Research Experience: Currently working in a research institute in my home country. I also have 2 RA positions in two different organizations previously.
Teaching Experience: None
Research Interests: Econometrics
statement of purpose: Traditional. Emphasized my interests in economics.
RESULTS:
Attending: Texas A & M University
Acceptances: TAMU ($$), FSU (no $), OSU AEDE: (no$: informally)
Rejections: UCSD, UIUC, UNC, UF, Vanderbilt, IUB,
No word: USC
What would you have done differently? I think I should really do well on GRE verbal and AWA. And I should be more focused on my statement of purpose.

[zshfryoh1]

PROFILE:
Type of Undergrad: B.A. Math and Econ (double major), large public college in Northeast
Undergrad GPA: 3.78
Type of Grad: N/A
Grad GPA: N/A
GRE: 770Q/630V/5.5A
Math Courses (Undergrad level): Calc I&II (A, A-), Multivar Calc (B+), Lin Alg (B+), Intro to Prob and Stats (B-), ODEs (C), PDEs (A-)
Math Courses (Grad - Masters level): Non-Measure Prob Theory (C-/A on retake), Numerical Analysis I&II - Proof based (B, A-), Stochastic Methods in Operations Research (A-)
Econ Courses (Undergrad level): Intro Macro (A), Intro Micro (A+), Mathematical Intermediate Micro (A+), Mathematical Intermediate Macro (A-), Money and Banking (A-), Investment Analysis (B+), Financial Markets (A+), Independent Study & Research Paper on Real Options (A), Computational Finance (A+)
Econ Courses (PhD level): Econometrics I (B-)
Other Courses: Algorithmic Programming I (A+), Algorithmic and OOP II (A+), Full Science Honors Research sequence including three research presentations (all A or A+)
Letters of Recommendation: One excellent from a Econ Prof who is fairly well known. One excellent from an Econ Asst Prof that I RA'd and TA'd for. One Excellent from CS prof I took for Computational Finance.
Research Experience: A lot.Three years as an RA for a prof doing research into financial markets, and as part of this research I am in the process of developing a new method of programming simulations of financial markets for market microstructure research. Currently working in paper explaining new method, which I hope to submit to journals before September. Project for the Independent Study course on an application of Real Options to labor bargaining in sports. Will be submitted to a journal in May or June. Honor's thesis on applications of real options to natural resource and agricultural investment.
Teaching Experience: One Semester as TA for Intermediate Micro. Subbed multiple times for professor in Options and Futures class
Research Interests: Financial Econ (specifically Market Microstructure and Real Options Analysis), Micro Theory, Mathematical and Computational Methods, secondary interests in everything but monetary macro.
statement of purpose: Decent and pretty standard. Customized it for each grad school and explained some extenuating circumstances.
Other: Full time student (35+ hours per week) at a school for the advanced study of Talmudic Law, simultaneous with my college schedule. Six student seminar presentations of original research in Talmudic Law. Five publications of original research in Talmudic Law. Two semester of extenuating circumstances (taking care of ill grandmother). Applied for NSF, did not receive.

RESULTS:
Acceptances: A number math/stats/FE masters programs
Waitlists: UPenn
Rejections: NYU, NYU Stern Econ, NYU Stern Finance, Columbia, Columbia GSB, Wharton Applied Econ, Wharton Finance
Pending: None

Attending: MA Stat, same as UG

What would you have done differently? Nothing really. All my profs told me that with 20 more points on my GREQ I would have an excellent shot at 15-30 range schools and a chance at top 15's. However, my plan from the start was to only apply to a few top 15 programs, and if as expected I didn't get in, to go for a math/stat/FE masters and re-apply next year. I did not have the time to study to re-take the GRE anyway. Getting the UPenn WL this year is a good sign for next year's apps. Anyway, I will now have a chance to study for and re-take the GRE, take grad real analysis, a couple more PhD level econ classes and a few more stat classes. It is a one year MA with very flexible electives. I also hope to have two papers submitted to journals for publication as well as at least one conference presentation before application season next fall.

[calgrad08]

PROFILE:
Type of Undergrad: UC Berkeley, double major in Economics and Applied Math (with high honors)
Undergrad GPA: 3.9
GRE: 800Q, 710V, 5.5A
Math Courses (Undergrad level): multivariable calc, linear algebra (2 semesters), abstract algebra, numerical analysis, real analysis, complex analysis
Econ Courses (Undergrad level): micro, advanced micro, macro, metrics, applied metrics, game theory, development, psych & econ
Econ Courses (PhD level): metrics (2 semesters)
Other Courses: probability theory; operations research courses for applied math concentration
Letters of Recommendation: 1 from prof for whom I’d worked for years as an RA, 1 from advanced micro prof, and 1 from grad metrics prof
Research Experience: 3 years (including summers) working for Berkeley profs; 1 summer at Treasury Dept; 1 year at Federal Reserve Bank
Teaching Experience: none
Research Interests: metrics, applied micro
statement of purpose: nothing special, and I didn't customize it at all for the different schools
Other: submitted NSF app but didn’t win

RESULTS:
Acceptances: Berkeley, Chicago, Michigan, Northwestern, Penn, Princeton, Stanford, UCSD, Wisconsin
Waitlists: Brown
Rejections: Harvard, MIT, Yale
Pending: none

Attending: Princeton

What would you have done differently?
--Senior honors thesis, both for the sake of submitting it along with my apps and being able to say that I'd done one, and for the good practice it would have been to have done my own research. I also would have tried to coauthor something with my profs, or at least get more involved in the analysis/writing of their papers rather than the (mostly) data-prep work I did for them as an RA.
--Attend office hours. I got quite good letters from my recommenders, but I can't help but think it would have been good to get to know them (and other professors) better.
--Grad-level micro. Metrics was great and I would certainly take it again if I was doing things over, but it would have been nice to have had micro under my belt as well.

But honestly I've had great luck in the admissions process and I'm thrilled to be heading to Princeton this fall. These "things I would have done differently" are really minor in the grand scheme of things, and with so much noise in the process anyway, would hardly have made much of a difference. The admissions game is as much a mystery to me now as it was before I applied!

[ICECOLDECON]

PROFILE:
Type of Undergrad: B.S. Economics and B.S. Geography (did 2 undergrad degrees with minors in Math and History).....Econ dept ranked around 50 in US....large state school.
Undergrad GPA: 3.66
Type of Grad: M.A. in Economics from a program that offers a PhD, but its PhD program would be ranked near last in the U.S. Took some undergrad math courses during my time here
Grad GPA: 3.88ish I think
GRE: 1st Time (2006): 760 Q 520 V 5.5 AWA 2nd Time (2008) 780 Q 540 V 5.0 AWA
Courses taken in my last 2 years:
Math Economics A
Regulation/Antitrust A+
Bridge to Abstract Math A+
Law and Economics A
Economic Development A-
Economics of Health A
Econometrics I A-
Econometrics II B+
Econometrics III B+
Linear Algebra I A
Math Statistics B+ (School I took this at doesnt give A-'s)
Differential Equations A
Microeconomics I A+
Aggregate Economics B+
Intermediate Analysis I (Rudin ch 1-4) A
Elementary Abstract Algebra A
Economic Policy Analysis A
Urban Economics A
Intermediate Analysis II (Cross-Listed with Grad Real Analysis I) Sp 09
Letters 9of Recommendation: All from Economics professors who are not well-known for research but 2 of the 3 should be very enthusiastic. PhDs from Texas AM (2) and UC San Diego
Research Experience: Have papers Ive written.....Havent done anything with them.
Teaching Experience: TA for Principles of Microeconomics for 1 yr
Research Interests: Microeconomic Theory and IO
Concerns: Low Econometrics grades....think I can do better in PhD program....took Econometrics I and II before Lin Alg and Math Stat. Also, had an attendence related F for Lin Alg as an undergrad...had a complicated F in Calc III (was getting a B-/C+, but wanted to use my school's grade forgiveness, so I got the required F) hoping strong math grades in other classes make up for this
Applying to: Ohio State, Texas, Michigan State, Virginia, Arizona, and Oregon

Admits: Texas (Full TA), MSU (no $)
Rejects: OSU, UVA, UAZ
Withdrew App: Oregon

Attending: Texas

Some of the things I learned from the process:

(1) I think the main benefit of a US masters degree, for someone who already has a degree in economics, is to develop relationships with professors who will be able to write strong letters on your behalf. My masters program was particularly small and I took some of the less popular electives, so I wound up having classes with less than 5 students, which provide students with a good deal of interaction with faculty. Also, make use of seminar series and other social interaction opportunities given by the department. If you have smart questions or comments, its not a horrible idea to convey those, either after class or through email (just dont be obsessive about it and dont force it). Probably the single best asset a student can have is a well-written personalized letter of reference (esp if the professors have contacts at your school of choice) and these steps help to make that a reality.

(2) If you have messups in your academic record, particularly in math and economics, don't be afraid to talk about the reasons for the poor grades in your statement of purpose. I talked about my poor math grades in 3-5 of my SOPs: Texas, MSU, and OSU and I went 2 out of 3 at those schools (not to mention, I was pretty close to getting in at OSU). Now other things could be at play, but at the very least, I don't think mentioning my poor math grades hurt me. Also, I would think by not mentioning reasons for poor grades, adcoms are likely to assume the worst.

(3) Try to write an economics paper or do some sort of research that you can talk about in a statement of purpose. It doesn't have to be anything that you publish, or even the quality of an honor's thesis, it just helps out in showing that you have an interest in performing research. I wrote two papers in my classes for my masters program, and even though I never did anything with them, I was still able to talk about the research in my statement of purpose. On a related note, make sure to mention that you have an interest in doing research (even if your ultimate goal is govt/consulting/teaching).

(4) Take a decent amount of economics electives. I know that profiles like 15 classes in math with intermediate micro/macro can gain admission to a good many econ programs and that PhD econ classes don't resemble (from a methodology/math standpoint) the stuff that is taught at PhD programs, but there are still reasons to think that this a good strategy: (i) As discussed in point (1), it is important to have good letters from econ professors, and by taking upper level econ electives, you improve your chances at this (ii) it is likely, that at some point, you will either teach or ta an undergrad econ class, and by exposing yourself to different teaching methodologies within the field, you may help your performance in one or both of these tasks (iii) you'll have something to say about what topics in economics interest you and why you are drawn to economics as a discipline.

(5) Take at least the std math load if possible: Calc I-III, Lin Alg, Math Stat and Prob (uses calculus), and Real Analysis. Whenever you are given the choice b/t an applied and a theoretical version of the same math course, take the more theoretical course (i.e. applied lin alg vs. lin alg). Depending on your background and goals, if you are deficient in math, consider taking courses as non-degree seeking undergrad.

(6) Use the profile and results section to try and get an idea of the range of schools that you should apply to.....professors who have been out of the game for a bit will tend to think that you can get into schools that are likely better than you can get into....try to apply to a good range of schools (targets, safeties, and possibly some reaches if you feel the need....I would say that if you have a good idea of proper targets, then the third category is least important, especially if you are cash-strapped).

(7) Become as informed about a dept as possible through the dept's website. It helps to read infro from dept newsletters and thoroughly familiarize yourself with the information posted about the grad program. Then use this information to your advantage when creating a statement of purpose.....if for nothing else, this puts out a strong signal to the dept that you are very interested in their program (depts are looking for good students who won't reject their offers and this sends the I won't reject signal).

[lightyears]

PROFILE:
Type of Undergrad: Laurea in Economia e commercio
Undergrad GPA: 26,5/30
Type of Grad: Laurea specialistica in scienze dell'economia (2-years)
Grad GPA: 29,5/30
GRE: 800/550/3,5
Math Courses: Math analysis 1/2, Math for economists (optimization, ODE), financial math (up to some stochastic calculus), Stochastic Processes, Probability theory, Statistics
Econ Courses: usual stuff, a lot. No int. micro. A lot of int. macro, monetary, banking etc.
Other Courses: History of economic thought, Modern history etc.
Letters of Recommendation: 2 Math PhD profs, 1 Econ prof, pretty standard and positive I think.
Research Experience: no
Teaching Experience: no
Research Interests: Macro, monetary, international
statement of purpose: Boring but standard I think
Other: Nothing special.

RESULTS:
Acceptances: CEMFI (attending), UPF, Tinbergen I, ULB.
Waitlists: none
Rejections: EUI
Pending: Toulouse


What would you have done differently? Nothing. Since when I realized I wanted to do a PhD (middle of my first year of Msc!), I was already in the wrong university (unknown), with no time, and with an Erasmus period starting in few months. Given that, I did all I could. I didn't apply in the UK for economic reasons, and I wanted to stay in quite a warm place. At the end of the process, I'm very satisfied.

[postgradecon]

PROFILE:
Type of Undergrad: BSc in Economics and Mathematics from a well-known but not so good in economics university in Canada.
Undergrad GPA: converts to about 3.85/4
Type of Grad: LSE
Grad GPA: not yet known
GRE: 780Q/530V/4.5AWA
Math Courses: Calculus I-II-III (A/A+'s), Linear Algebra I-II (A+'s), Real Analysis I (A+), Differential Equations (A+), Logic and Set Theory (Proofs) (B), Sampling (B+), Prob and Stats (A+), History of Logic (A).
Graduate: none
Econ Courses: Intermediate Micro and Macro (A+'s), Advanced Macro (A), Advanced Micro (B+, level of grad Varian), Econometrics (A+), Labour (A), Cost-Benefit (A), Math econ (A), Development (B, abroad), Industrial Organisation I-II (A-, A)
Graduate Econ Courses: Before my masters: Time series econometrics (A), Institutional economics and China's development (A+, with a mini-thesis). Masters: econometrics, micro, macro, political economics (no grades yet).
Other Courses: A bunch of biochemistry classes before switching to econ (grades between A- and A+). Some philosophy classes as extra electives (A+ in all).
Letters of Recommendation: 3 from my undergrad, all really enthusiastic (PhDs from Princeton, Queen's and from a German university). One I wrote a mini-thesis with during a graduate class. A fourth was from my graduate program, didn't know me well, was in the beginning of the first year. I sent a different combination of 3 letters to different schools (deadlines were not at the same time and got the fourth a bit later, more on this below).
Research Experience: 2 years as research assistant in a well-respected small Canadian think tank, focusing on productivity and other welfare issues.
Teaching Experience: none.
Research Interests: Political economy, microeconomics, development.
statement of purpose: Talked mostly about my interest in economics, my research interests, and why the school would be a good fit.. pretty standard and not that good.
Other:

RESULTS:
Acceptances: UBC PhD ($$), UPF Masters ($), LSE (no $)
Waitlists: none
Rejections: Caltech, MIT, NYU, Columbia
Pending: none

Attending: UBC (did not want to do a second master's degree before re-applying next year and UPF did not recognize my masters as good enough for their PhD).

What would you have done differently?
As mentioned earlier, I have sent different sets of letters to different schools. Instead, I would have sent the 3 letters from undergrad to all schools and not bother to send a not-so-good letter from my grad teacher. At first I thought it was important, but thinking back I think this might have ruined my chances at most US schools. I was accepted at all schools that didn't receive that letter.Also, I would have applied to much more schools, but I decided late and did not have much time to think about it.

In the end, I am satisfied since UBC is well-respected in its country and on par with a lot of top30 schools in the US.

[untitled]

PROFILE:
Type of Undergrad: B.S. Math, BA International Studies (mid ranked Midwest Flagship State School)
Undergrad GPA: 3.65
Type of Grad: M.S. Math (mid ranked but slightly better Midwest Flagship State School)
Grad GPA: 3.6
GRE: 800Q, 600V, 5.5AW (scored 800, 590, 6 before MS degree)
Math Courses (undergrad): Lots, some Bs, B+/A- average
Math (grad): Lots, still a couple Bs, A- average
Econ Courses (grad): Few
Econ Courses (undergrad): None
Other Courses: Physics Minor, once, lots of Poli Sci before I realized math + poli sci =~ econ
Letters of Recommendation: Two Math, One Poli Sci, One Econ. Econ was extremely strong
Research Experience: Math Thesis, RA at academic leaning econ consulting firm
Teaching Experience: Taught micro, macro, math econ, and econ stats principles courses during two year stint at local university while working as a consultant
Research Interests: Econometrics, Resource Economics, Decision Theory, Development
statement of purpose: Focused on work/research experience - probably would have done it differently
Concerns: yes, mostly private.

RESULTS:
Acceptances: University of Washington - Seattle
Waitlists: none
Rejections: Harvard, MIT, Yale, Princeton, Berkeley, Stanford, Duke, Boston University, Davis, Pittsburgh, UCSD, UBC

What would you have done differently?
I can think of one or two classes where an A might have made a difference. Also, it might have been helpful to take at least some econ classes as an undergrad, but I'm glad I didn't, as I enjoyed my undergrad enough. Many private things.