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Thread: phd economics programs with average gre scores

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    phd economics programs with average gre scores

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    Are there any programs out there for people with average gre scores?

    I don't know why I'm not doing as well as I should.

    GMAT 2009: 590
    GMAT 2017: 440
    GRE 2018: 153Q 143V

    Anyone out there in a similar situation who got into some phd programs in econ/finance?

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    Re: phd economics programs with average gre scores

    For test takers intending to do graduate study in economics that's not average. The quant score is around 13th percentile.

    How much math have you had?

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    Re: phd economics programs with average gre scores

    I completed Calculus 1(A), Calculus 2(C). The reason for a C in calc 2 was bad teacher. I received As in all prior math courses. Currently, I'm registered for calculus 3, intro to linear algebra/differential equations.

    What do you mean by 13th percentile? The ets website says.... 51% quant.

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    Re: phd economics programs with average gre scores

    Hi Startz and accountingphd,

    Correct me if I am wrong, but I think the 153 is a 51 percentile score and a 143 is a 20th percentile verbal score. https://www.ets.org/s/gre/pdf/gre_guide.pdf

    Above is where I found that information! I had some issues with my GRE (161 in math, which wasn't high enough for some programs that I wanted) but I think you just have to think really realistically about your program choices. Take a look at their averages as far as GRE scores and previous math experience go. If you want to shoot for some better programs, consider retaking the GRE or taking some more math to prep yourself! I have limited knowledge as I am in the application process as well, but this is the advice that I have heard from others. From my experience looking at programs, I don't think anywhere in the top 80 has an average GRE score below 155 quant. I am not sure how programs outside of this may fare. Best of luck to you throughout the process!

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    Re: phd economics programs with average gre scores

    Quote Originally Posted by accountingphd View Post
    I completed Calculus 1(A), Calculus 2(C). The reason for a C in calc 2 was bad teacher. I received As in all prior math courses. Currently, I'm registered for calculus 3, intro to linear algebra/differential equations.

    What do you mean by 13th percentile? The ets website says.... 51% quant.
    Apologies, I missed a requirement to add across columns. The data is from Page Not Found
    I believe the right answer is 21st percentile.

    Pretty much all econ PhD students have through linear algebra and most have a proof based course such as real analysis.

    The quant GRE is based roughly on 10th grade math. One possibility is that you've forgotten material you took long ago. If you didn't study intensely for the GRE you should do so and try again. If you are one of those people who just doesn't connect with standardized exams, then you're probably in trouble (fairly or not). Most econ PhD programs won't seriously look at your application with that score.

    What makes you sure you want to pursue an economics/finance PhD?

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    Re: phd economics programs with average gre scores

    Quite simply, I want a phd in econ because I want to pursue a career using it. I like the idea of producing research. And say working for the fed or a quantitative finance desk. I interned in market risk and noticed I lacked the math. So I decided to complete the required courses for the society of actuary test requirements.

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    Re: phd economics programs with average gre scores

    Nothing wrong with that reasoning, but I suspect you don't know what most econ PhDs do. Let me suggest that you pick up a first-year graduate text and browse through it. Of course, one isn't expected to master such a text until actually in a program, but it might give you a better idea if this is the kind of material you want to devote 5 or 6 years to learning. Or browse through copies of the Journal of Economics Perspectives or the Journal of Finance and see what you think.

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    Re: phd economics programs with average gre scores

    If you are thinking about wanting to sit on a quant finance desk, look at programs with masters in financial engineering or quantitative finance. You make a lot more money than getting a phd in Econ, and itís only two years. Most the programs have placements directly into top banks and investment houses. If youíre serious about wanting a phd in Econ, retake the GRE.

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    Re: phd economics programs with average gre scores

    Quote Originally Posted by startz View Post
    Or browse through copies of the Journal of Economics Perspectives or the Journal of Finance and see what you think.
    I think this is a great suggestion. OP, if you struggle to read academic papers, you're not gonna have a good time even if you get in.

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    Re: phd economics programs with average gre scores

    Quote Originally Posted by accountingphd View Post
    Are there any programs out there for people with average gre scores?

    I don't know why I'm not doing as well as I should.

    GMAT 2009: 590
    GMAT 2017: 440
    GRE 2018: 153Q 143V

    Anyone out there in a similar situation who got into some phd programs in econ/finance?
    You have to retake the GRE and realistically score 161 or higher to have a chance at any program.

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