Profiles and Results 2007

[phdphd]

PROFILE:
Type of Undergrad: Business Administration
Undergrad GPA: 7.5/10
Type of Grad: MSc Business Administration
Grad GPA: -
GRE: 790Q / 580V / 3.5AWA
Math Courses: Calc I-III / Operations Research I-II / Stats I-II / Linear Algebra / Advanced Probability (Grad)
Econ Courses: Econometrics I, II, IV (Grad), Stochastic Economics I-II (Grad) (kind of asset pricing courses, devoted specially to derivative pricing).
Other Courses: Micro I, Macro I, Mathematical Analysis - First year PhD courses, I didn't have the grades at the time of the application
Letters of Recommendation: One supposed to be strong, finance PhD from Stanford GSB; the other two good ones I think (PhD North Carolina, local)
Research Experience: Two papers presented at a National Conference in Finance, MSc dissertation thesis.
Teaching Experience: TA for the MBA courses in my university.
Research Interests: Finance, applied micro, political economy.
SOP: I did the following: first I explained my interest in finance, second why pursuing a PhD in economics and not in business, third I mentioned three professors that I would like to work with at the university that I was applying.
Other: Male, 26, Latin America.

RESULTS:
Acceptances:
University of Southern California ($)
UNC ($)
Minnesota (no $)
Penn State (no $)
Boston University (no $)
UC Davis (no $)
Waitlists:
Cornell (I suppose) - rejected in the end
Rejections:
MIT
Princeton
Stanford
Chicago
Columbia
Northwestern
UCLA - Anderson
Rochester
Maryland
Wisconsin
Caltech

Going to: University of Southern California

What would you have done differently?
First of all, a good MSc in economics, not only because it would increase my chances of being admitted at better places but to feel more comfortable with the courses in the first year; second, I should have participated more in this forum, I remember that I asked for the evaluation of profile stuff but only this. I should have gathered more information about the places that I would fit better with the TM's; I'm happy with the school that I'm going to but a little bit frustrated being rejected in all the top 15 schools. What I mean is that the idea of applying to a lot schools can hurt a lot. Now I have kind of mixed feelings about all of this: should I wait one more year, finish the PhD core couses sequence in my program right now and apply again? Or this is just a dream? I don't know...

[whitewinghk]

PROFILE:
Type of Undergrad: A School in HK, statistics major, no analysis
Undergrad GPA: 3.66, first class honors
Type of Grad: A school in HK, MA (Econ)
Grad GPA: Grade A average
GRE: Q800, V570, A5.5
Math Courses: no rigorous math courses, but some hard statistics courses, e.g. Statistical Inference A+, Stochastic Inference A+, Nonparametric testing (A+), linear model and forecasting (A-), Stochastic calculus (A-), Risk theory (A)
Econ Courses: Intermediate macro (A+), Micro theory I, II (A+), Macro analysis (A+), Econometircs (A), International trade (B+)
Letters of Recommendation: all strong, two from econ and one from statistics
Research Experience: 2 year RA experience, working on trade and economic development of Mainland China
Research Interests: Development and micro theory
SOP: very general indicated my research interest and RA experience at university and United Nations

RESULTS:
Acceptances:
Wisconsin ($), Boston University ($), MSU (no $), PSU (no $), UC Davis (no $)
Waitlists: ever waiting, Uni. of Toronto and UBC
Rejections: A long list, Minnesota, UCLA, NYU, Columbia, Maryland, Brown, OSU, Cornell

What would you have done differently?
I think I have tried my best or may be I should have applied to some applied econ programs as I have strong interest in development. Yet, I am happy with the results.

Advice: Apart from Math, RA exp really helps a lot, it may make up weak math background. There would be lots of RA opp at any university. The job may be very simple like formulting Excel sheets, collecting data or plotting charts, yet it shines in your application.

For international students, the process can be quite random especially for some are from unknown schools like me. Try to apply as many as possible, certainly you need to take into account money and how willing your referees are to write so many letters for you. Yet, if you can, try to apply as many as possible and do have a super safe one as a back up. I have seen a lot of Chinese students transfer to another school in one to two years.

All the best and good luck

[treasuries]

PROFILE

Type of Undergrad: No. 1 university in my country in southeast asia
Undergrad GPA:
B.S. Economics: 3.44 (major 3.62)
B.S. Statistics: 2.98 (major 3.45)
B.S. Electronics Eng'g:

Type of Grad: No. 1 university in my country in southeast asia
Grad GPA:
M.S. Statistics: 3.40

GRE: Q 800, V 580, AW 4.0
IELTS: 7.5 overall

MATH Courses:
Undergraduate:
Calculus I-III, Linear Algebra, Finite Differences, Theory of Interest, Mathematics of Life Contigencies

ECON Courses:
Undergraduate:
Intermediate Micro & Macro, Mathematical, Quantitative, Monetary, Public, Labor, International, Development Economics

STAT Courses:
Undergraduate:
Probability Theory I/II, Matrix Theory, Parametric/Nonparametric Inference, Bayesian Inference, Regression Analysis, Sampling Designs, Experimental Designs, Categorical Data Analysis, Time Series I, Multivariate Analysis
Graduate:
Real Analysis, Probability Theory, Parametric Inference, Applied Multivariate Analysis, Linear Models, Sampling Designs, Time Series II, Multivariate Analysis, Econometric Methods, Stochastic Processes, Stochastic Calculus, Survival Analysis (Martingale Approach), Wavelets

Letters of Recommendation:
All my referees came from Statistics but they are unknown and do not publish in international journals. These are all strong recommendations because I've worked with them in at least one research paper. One referee was my graduate thesis adviser.

Research Experience:
Proposed a new econometric model in my graduate thesis. Several applied statistics papers with co-graduate students and also with graduate faculty members. Research associate at a World Bank funded research project headed by a senior faculty. Done market research consulting with Fujitsu and Motorola. My undergrad thesis in economics won a college and a national award and was presented at a local economic society conference.

Teaching Experience:
Taught statistics subjects for more than 4 years.

Research Interests:
Financial Econometrics

SOP:
There was a severe weakness in my application: bad engineering grades. I told them the truth in three sentences, that I lost interest in the course and no matter how I tried I just didn't do well in it. Then I proceeded to elaborate on how I overcame this and eventually did well in my two undergraduate degrees. I presented a logical justification of jumping from stat to econ to stat as a strong preparation for PhD in econ later. I also highlighted whatever academic achievements I have to drown doubts about my intellectual ability and emotional maturity.

Others:
Presented paper to an Econometric Society meeting and it was then published in a local statistics journal. This paper consists of a proposed econometric model with derivations, monte carlo simulations and empirical evaluation.

RESULTS:
Acceptance: Singapore Management U MSc by Research (full $), Toronto MA (?)
Waitlist: QEM Erasmus Mundus (got in eventually but declined)
Rejections: Purdue, SSE


What would you have done differently?
I was able to apply to only one U.S. and one Canadian universities because I took the IELTS instead of TOEFL for some reasons. I decided not to apply to some others that accept IELTS because I knew my chances were slim to nil. If I had TOEFL I would have applied to some more in the lower end of some U.S. programs. Yet, based on my current performance I guess I would not have done any better.


What lesson did I learn?
The quality of my research experience counted a lot more than my academic record. I had strong recommendations but not from well-known professors so research experience itself did not offset my weak spots. Perhaps real analysis and functional analysis from the Math department would have helped.


The admission to SgMU for another MSc will help me in my chances of getting admitted to a PhD program in the U.S. & in Canada. Of course, that is under the assumption that I'll do well there. I'm pretty much inclined to doing economic research so I guess that will be a natural motivation.

...

[TruDog]

PROFILE:
Type of Undergrad: Top-five public LAC
Undergrad GPA: 3.69, cum laude and with general honors
Type of Grad: None
GRE: Q800, V610, A5.0
Math Courses: Calc I/II/III (B/A/C), differential equations (pass), linear algebra (C?), nonparametric stats (B), two semesters of graduate probability (C/C?)
Econ Courses: Intermediate micro/macro (A/A), mathematical economics (B), econometrics (B), numerous electives (3.7 major GPA)
Letters of Recommendation: Strong, but from unknown professors (one each in economics, finance, and statistics--all familiar with my research)
Research Experience: Presented finance research at American Society of Business and Behavioral Sciences' annual conference, also submitted to professional journals. Also interned at US Treasury's Office of Economic Policy in Washington.
Research Interests: Public (higher education, pensions)
SOP: Fairly general--highlighted my writing and research experiences

RESULTS:
Acceptances: Wisconsin (no $), Ohio State (deferred one quarter)
Rejections: Minnesota, Michigan, Northwestern, Chicago, Emory, Duke, WUSTL, Iowa, Virginia

What would you have done differently?
My problem was that my institution never emphasized the quantitative aspects of economics, so I had to overload on math courses late in the game after discovering econphd.net. That hurt my GPA, which certainly hurt the strength of my application.

Advice: Take math courses early on, and do lots of research and writing. My writing background was the only reason why I got accepted anywhere.

[Econ07]

PROFILE:
Type of Undergrad: International, Top in the country
Undergrad GPA: 9.3/10.0
Type of Grad: MSc
GRE: Q800, V550, A4.5
Math Courses:Undergrad: Calculus I-III, 2 semester Lin Algebra, Probability, Statistics, Real Analysis
Grad: Real Analysis II, Measure Theory, Statistics
Econ Courses: Lots of undergrad, core grad sequence in Micro, Macro and Econometrics
Electives: Contract Theory, Finance, Advanced Theory
Letters of Recommendation: All domestic based. Two tenured, two junior. All had PhDs from top 7.
Research Experience: MSc thesis in progress, Undergrad thesis
Research Interests: Theory, Public Finance
SOP: Discussed my background and interests

RESULTS:
Acceptances: Chicago(Ext fund), Columbia($), MIT($, not immediately), Northwestern (waiver, Ext fund), NYU($), Princeton($), Penn($), Yale (lots of $)
Rejections: Chicago GSB-Econ, Stanford GSB-Econ, Harvard, Berkeley, Stanford


What would you have done differently?
Not have applied for the Fulbright. Focused more on the GSBs, emphasizing theory or not have applied to those.

Advice: Relax. Focus on every aspect of the app (LORs, courses, research exp). Now, I believe this forum overemphasizes math (but, still, you should have Real Analysis). Having recomendants that are known by the Adcom seems to be important.

[kanishka]

Type of Undergrad: International – India, Top in country (I mean the college, not my performance)
Undergrad GPA: 3.6 (using the WES conversion guide)

Type of Grad: International – India, Top in country (ditto qualification as above)
Grad GPA: 4.0 (using the WES conversion guide)

Note – most students perform better in the undergrad than the grad. I ran the other way.

GRE: Q800 , V650, A4.5

Math(s) courses: Real analysis, concepts in linear algebra and calculus: linear independence; bases and dimension; subspaces and vector spaces; eigenvalues, continuity; differentiability; implicit function theorem, static optimization: unconstrained optimization; optimization with equality and inequality constraints; Envelope Theorem, dynamics and dynamic optimization: difference and differential equations, optimal control theory.
Econ Courses: My undergrad was wholly an economics course, as was my grad degree. Took the introductory micro, macro, econometrics (“trix”) courses in my grad. The material covered in these intro courses is pretty similar to what is done as introductory coursework in the US.
Significant electives: Game Theory, Law and Economics, Environmental Economics, Environment and Development. Also took an advanced macro course – Open Economy Macroeconomics, but I wont be doing any more macro. I enjoyed this course, though it was very hard.

Letter of Recommendations: 4 in total. One has a phd from an (arguably) Top 10 US school. The next two were PhD’s from LSE; the last is an Indian Phd, with loads of work experience and masters degree from a Top-20 to 25ish US school.

Research experience: One year as a Research Analyst with the Institute of Economic Growth, the leading research institute in environmental economics in India. Also wrote two papers during my masters, which were okay. Not really worth being published, but who knows? I never really tried. A couple of internships during previous summers also …one with ICICI Bank’s Social Initiatives Group (this involved significant field work) and the other with the National Council of Applied Economic Research.
Also worked a year in General Electric – Money, the consumer finance division. It taught me two things –(a) handling huge databases; and (b) the private sector is not for me.
Research interests: Environment and development; applied work in this area. Would love it if I could do something in India, somewhere in the Himalayas where the scenery is spectacular. If you’re going to be doing field work for months on end, might as well do it in a nice place.

SOP: Focused only on a very business-like description of the work I was doing in the Institute of Economic Growth and what I had done in GE; described my term papers and wrote a paragraph on what I would like to do. Did not claim to be touched by the hand of Adam Smith.

Results:
Accepted by: University of Maryland – AREC (20K$ first four years) , University of Wyoming – Econ (15K$ five years) and University of Minnesota APEC (no funding). Received a note from the Nicholas School of Duke University saying there was “interest in my file but not enough funding”. Don’t know where to place this. Logically I got rejected but my vanity will not allow this.
Rejected by: UCSD, UCSB, Yale, ASU, Wisconsin Madison.
Ignored by: UIUC – ACES program.

What would I have done differently?
1. Yale and UCSD were poor fits to my profile + interests. Probably was an immediate reject at these schools, and their apps were expensive, so it was a waste of time and money, which RA’s have in limited amounts. Would apply to UC – Davis and maybe OSU. That said I got into the program I was aiming for, so it turned out well, which I didn’t think likely at the time of application. 2 of my reco’s were most likely weak to indifferent, but there’s nothing much I could do about that.

2. Would erase my last paragraph in my SOP describing in a shallow manner why I’m applying to that particular school. I would say, only if there are very strong reasons why you think you’d fit with the dept (such as a strong correlation with your research work and some prof’s main area of research), then include such a paragraph.

Advice:
1. Please get some research experience if you want to do applied work. It helps immensely, apart from adding to your application.

2. For any Indians who are reading this, since we tend to do this – when writing SOP, don’t describe your love of economics, just say what you have done so far in life in a very objective manner. No phrases like “I believe economics to be the true saviour of mankind”. I cannot stress this enough. I don’t know how much weight an SOP carries, but write it objectively please.

[kgreene1906]

Type of Undergrad: Big 10 midwestern School
Undergrad GPA: 3.32
Type of Grad: Smaller BIG 10 school with a Ph.D program in the top 50
Grad GPA: 3.599
GRE: 800 V, 780 Q, 4.0 wirting
Math Courses: Calc I-III, Diff Eq, Linear Algebra, Proof Writring, Abstract Algebra, Advanced Calculus I and II, Real Analysis(B-), Math Stats I and II, Engineering Stats, Grad Complex Analysis, Grad Real Variable Theory.
Econ Courses: MA Micro and Macro, Monetay Theory, Growth and Development, Game Theory and Firm Behavior
Other Courses:
Letters of Recommendation: Pretty Solid, one came from a UCSD grad, one came from a Cal-Berkley Grad and one came from a Michigan Grad
Research Experience: None...
Teaching Experience: TA for 2 semesters
Research Interests: Trade, Development, IO
SOP:
Other:

RESULTS:
Acceptances: SIU-Carbondale, Howard, Purdue, UIUC, Northern Illinois, Michigan State
Waitlists:n/a
Rejections:WUSTL, Berkley, Harvard

Attending: SIU-Carbondale(they are waving me out of alot of classes, it should take me 1.5 years to finish my course work and 1.5 to 3 to do my dissertation)

What would you have done differently? I waited until the LAST MINUTE to apply to places. And basically I wish I had took school alot mroe seriously. But dont underestimate the power of good reconomentation letters...by looking at my GPA, i really shouldnt have gotten into a few places, but letters will get u in.

[kgreene1906]

Type of Undergrad: Big 10 midwestern School
Undergrad GPA: 3.32
Type of Grad: Smaller BIG 10 school with a Ph.D program in the top 50
Grad GPA: 3.599
GRE: 800 V, 780 Q, 4.0 wirting
Math Courses: Calc I-III, Diff Eq, Linear Algebra, Proof Writring, Abstract Algebra, Advanced Calculus I and II, Real Analysis(B-), Math Stats I and II, Engineering Stats, Grad Complex Analysis, Grad Real Variable Theory.
Econ Courses: MA Micro and Macro, Monetay Theory, Growth and Development, Game Theory and Firm Behavior
Other Courses:
Letters of Recommendation: Pretty Solid, one came from a UCSD grad, one came from a Cal-Berkley Grad and one came from a Michigan Grad
Research Experience: None...
Teaching Experience: TA for 2 semesters
Research Interests: Trade, Development, IO
SOP:
Other:

RESULTS:
Acceptances: SIU-Carbondale, Howard, Purdue, UIUC, Northern Illinois, Michigan State
Waitlists:n/a
Rejections:WUSTL, Berkley, Harvard

Attending: SIU-Carbondale(they are waving me out of alot of classes, it should take me 1.5 years to finish my course work and 1.5 to 3 to do my dissertation)

What would you have done differently? I waited until the LAST MINUTE to apply to places. And basically I wish I had took school alot mroe seriously. But dont underestimate the power of good reconomentation letters...by looking at my GPA, i really shouldnt have gotten into a few places, but letters will get u in.

[JAlfredPrufrock]

Profile:
Gre: 770 Q, 560 V, 5.0 A
LSAT: 156
GPA: Overall: 3.51, Econ: 3.85, Math: 3.61, Majors: Economics and Mathematics
Classes: (all undergrad- highest grade is A)
Math: Calc II(B+) Calc III (B-), Calc IV (B+), Dif EQ's (B), Foundations of Math (A), Mathematical Statistics I (A-), Math Stats II (A), Math Stats III (A-), Math Modeling and Optimzation (A-), Statistical Computing (A), Matrix Theory (A), Linear Algebra (B), Advanced Calc I (A), Advanced Calc II (A), Elementary Point Set Topology (A-)
Econ: Intro Macro (A), Intro Micro (A), Intermed Macro (A), Intermed Micro (A), Advanced Micro (A-), Advanced Macro (A-), Econ Stats (A-), Econometrics (A-), Public Finance (A-), Game Theory (A), Economics of Heath Care (A), Environmental Economics (A).
Type of Undergrad: Medium Sized Mid-West State University
Research Experience: One year Research Assistanship for Econ Faculty memeber, 1 year+ Research Assistanship for small think tank with ties to econ department (ongoing)
Teaching Experience: University hired tutor in Math (2 years), Supplemental Instruction for Principles of Micro and Macro (3 yrs)
LORs: Econ professor (PhD Florida State) who taught me Public Finance and Econometrics. Econ Prof (PhD Rochester), who taught me Econ Stats, Game Theory, and Health Care Economics. Math Prof (PhD Bowling Green) who taught me Math Stats I, II, III and Statistical Computing.
SoP: Mentioned my research interests and how each school was a good match.
Interests: Econometrics, Law and Economics, Applied Micro, I/O.

Admissions Decisions
Admitted: UVA (no funding), UW-Seattle (No Funding), George Mason (No Funding), Florida State (Generous Funding)
Waitlisted: Boston College
Rejected: MIT, NYU, Duke, Vanderbilt (Law & Econ), UCSD, UC-Berkeley, UI-UC, Brown.
Never Heard Back From: WUSTL

Heading to: Florida State.

What would I have done differently? I would have gone to a more prestigious undergrad institution if I had realized what a handicap not going to one would be. Also I would have started caring about my grades a lot earlier, and studied for the GRE and LSAT. Also I would have applied to more mid-level schools. I knowingly applied to alot of reaches, just on a lark.

[Dannyb19]

Sorry, I thought I already posted this, hope its helpful to someone!

Background: After undergrad I worked for18 months for a boutique investment consulting firm doing financial analysis, decided I was unfulfilled, spent 11 months beefing up my math, and applied for Fall 2007 admission.

GRE: 760Q, 510V, 6.0AWA (hurt me I’m sure).
GPA (undergrad): 3.72 (cum laude), 3.87(Econ), 3.92(Math)
GPA (grad): 3.90 (math & econ)
Undergrad Insitution: Lewis and Clark College (small LAC in Pacific NW)
Graduate/Post-Bac Institution: Portland State University

Honors/Awards (all undergraduate): Phi Beta Kappa, Delta Mu Delta (equivalent to departmental honors in Business-Economics major), 2003 Northwest Conference Scholar Athlete Award.
Econ Courses (All at L&C): Intermediate Micro (A), Intermediate Macro (A), International Econ (A), Money and Banking (A), Management and Organization (A-), Econ History (B+), Corporate Finance (A), Competitive Strategies (A), Radical Economic Systems (B), Micro Computer Applications in Business (A), Intro to Statistics (A-), Econometrics (A-), Financial Analysis (A), Managerial Analysis (A), Financial Decision Making (A).
Math Courses (All at PSU other than Calc I): Calc I (B+), Calc II-Calc IV (A/A/A-), Intro to Linear Algebra (A), Applied Linear Algebra (A), Applied Diff. Equations (A), Advanced Calculus (A), Mathematical Statistics (A-).
Graduate Level Courses (All at PSU): Real Analysis (A), Set Theory/Topology (A-), Public Economics (A).
Letters of Recommendation: Two from undergraduate econ professors (PhD’s from Michigan State and Chicago) and one from graduate level Real Analysis Professor (PhD Rutgers). All letters should be strong since I worked closely with each of them and performed well in their classes.
Research Experience: None. Did not write a senior thesis, did not work as a research assistant. Wrote a few term papers building on the work of my professors, but I doubt it would count as any significant field work.

Results
Admitted: Johns Hopkins ($), Virginia (no-$), U. Washington (no-$)
Rejected: Chicago, Yale, LSE, UCLA, Carnegie Mellon, Wisconsin, and Cornell
Waitlisted: N/A

What I would have done differently: I wish I had applied to more schools, namely: Michigan, Minnesota, Maryland, Duke, and Rochester. I am certainly not assuming I would have been admitted to any of these, since all are very strong programs, but based on the randomness I’ve observed on TM alone, I think I may have had at least a shot at these schools. I also should have studied harder for my GRE’s, who knows how different my outcomes would have been had I scored 600V and 800Q or something like that. Anyway, hope this helps others!