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phdfinance
02-19-2008, 05:03 PM
I am thinking of attending a graduate course in economics to prepare myself better for PhD application, given that I have already been out of school for 5+ years. Have some questions on Toulouse Masters in Economics.

I had a Bachelor of Economics (4 years) and MPhil in Management Studies (1 year). My MPhil degree is not very quantitative. Undergraduate level maths include Calculus 1 & 2, Linear Algebra, Probability Theory, and Statistics; econ courses include Intermediate Micro and Macro.

1. Which program should I apply - generalist M1 or specialist M2 (Finanical Markets and Intermediaries) given my educational background?

2. If I want to apply for US PhD programs in business economics / finance, I wonder whether Toulouse have a good PhD placement record?

Many thanks for your help!

asianecon
02-19-2008, 05:21 PM
I am thinking of attending a graduate course in economics to prepare myself better for PhD application, given that I have already been out of school for 5+ years. Have some questions on Toulouse Masters in Economics.

I had a Bachelor of Economics (4 years) and MPhil in Management Studies (1 year). My MPhil degree is not very quantitative. Undergraduate level maths include Calculus 1 & 2, Linear Algebra, Probability Theory, and Statistics; econ courses include Intermediate Micro and Macro.

1. Which program should I apply - generalist M1 or specialist M2 (Finanical Markets and Intermediaries) given my educational background?

2. If I want to apply for US PhD programs in business economics / finance, I wonder whether Toulouse have a good PhD placement record?

Many thanks for your help!

1. M2
2. I came from Toulouse and got interviewed by HBS. I'll give an update on how I perform in the admissions game for you to have a very rough gauge on PhD placement

phdfinance
02-19-2008, 05:47 PM
1. M2
2. I came from Toulouse and got interviewed by HBS. I'll give an update on how I perform in the admissions game for you to have a very rough gauge on PhD placement

Thanks asianecon

So I assume that M1 is for those who have not studied economics at undergraduate level?

Also wonder if I take M2, that means I will start to apply for PhD just after two months in the program. Is it possible to get good rec letters?

Many thanks for your kind help!

phdphd
02-19-2008, 10:57 PM
asianecon:

How difficult it is to proceed in the program? How's the environment at Toulouse? I imagine that unless you're pretty sure you want to do the Toulose type of things you go there as you'd go for a master at LSE, that's to say, to apply to a PhD in US after. So I imagine people struggling against each other for a rec letter from Tirole, say (well, not only Tirole, they have a wonderful faculty). Even without acing in the classes, is it possible to finish the program in good standing, I mean, with people supporting you (rec letters) to make it a top 10?

asianecon
02-19-2008, 11:50 PM
Thanks asianecon

So I assume that M1 is for those who have not studied economics at undergraduate level?

Also wonder if I take M2, that means I will start to apply for PhD just after two months in the program. Is it possible to get good rec letters?

Many thanks for your kind help!

Yep right about M1. I see at as the Honours year under a British system.

While it is not impossible to get LORs (e.g. I think some people asked Rochet, who will teach you in the first term), I doubt that it would be any good.

In my case, I finished the first year and left.

asianecon
02-19-2008, 11:59 PM
asianecon:

How difficult it is to proceed in the program? How's the environment at Toulouse? I imagine that unless you're pretty sure you want to do the Toulose type of things you go there as you'd go for a master at LSE, that's to say, to apply to a PhD in US after. So I imagine people struggling against each other for a rec letter from Tirole, say (well, not only Tirole, they have a wonderful faculty). Even without acing in the classes, is it possible to finish the program in good standing, I mean, with people supporting you (rec letters) to make it a top 10?

Actually the program is quite competitive in terms of attrition rates (assuming everyone would like to continue after the 1st year). Say, around 20/65 get into the program with only 10-15 receiving funded offers. And yah, they use your grades as ranking.

There are other people aside from Tirole that are quite famous. I for one asked the current director of IDEI for a rec letter. I doubt that he would be that enthusiastic if (1) I didn't get the top marks in his class, (2) didn't rank as one of the top in the whole 1st year and (3) wrote a time-constrained thesis that impressed him. He explicitly mentioned that he'll recommend me to a top 3 US program. However, I heard from a senior student who asked him before that he's not that generous in terms of giving nice letters (eg he will tell you blankly, I don't know who you are). Moreover, I think the "PhD placement" (ie applying after taking the masters) is not that good, with only one guy, as far as I know, getting admitted to NWU. I even heard rumors that there's the Hungarian guy who was top of his batch in Toulouse and yet didn't get into any place (though the admin director of the program said that there are other reasons and shouldn't think it was due to a bad LOR).

Let me warn you though that if you want to leave the program, leave after the first, else it is extremely difficult to leave after with good ties.

phdphd
02-20-2008, 12:27 AM
Yes, that's what I thought. So I think Toulose is not a good strategy in terms of improving the profile to apply elsewhere afterwards. Anyways, once there and being allowed to proceed to the PhD would make me completely satisfied, I wouldn't bother myself applying to US. As you said, there're quite many famous Profs apart from Tirole and from my personal experience with Profs that graduated from Toulose (in the dept that I'm right now there're two) they receive first class education, competitive enough to publish in the top journals. But yes, with your profile I would certainly be tempted to apply to the Cambridge schools.

eco8910
07-15-2008, 06:06 PM
Hello! I am thinking about applying for the masters programme at Toulouse and I have several questions. I would be very grateful if someone could help me!

1. How could I know if I should apply for M1 or M2? I am going to have a 4 years Bachelor's degree in Economics but still I am not sure if my knowledge is going to be enough to study in M2.. I read here an opinion that M1 is only for those who don't have an undergraduate degree in Economics. Is it really true? On Toulouse website they write that students with 3 years bachelors in economics can enter M1..

2. If I first enter M1, will I be able to automatically procede with M2 after the first year? Or will I have to apply again? (I am particularly interested in the M2 "Economic theory and Econometrics")

3. What is the fee of M1? (on their website I could only find the fee of M2.. )

4. Is it very difficult to enter the Toulouse master's programme?

5. Could someone comment more on the atmosphere, life, people, etc in Toulouse? For example, from what countries do the most students of the master's programme come?

Thank you very much in advance!!!