1 out of 1 members found this post helpful.
Re: European Masters Profile Evaluation (non-econ bg)
I second Tutonic's assessment. The MSc programmes will be pretty brutal, but they will be necessary for you to showcase your ability to do a PhD.
Now, this is taking into consideration your aspiration of one day joining the likes of the IMF (which, by the way, is insanely competitive). If that is the case, I would start now to think about how to best prepare yourself to specialise in monetary economics, international economics, and international finance. If you plan to target the World Bank, then you will want development, health, and/or labour economics (with a strong empirical component). IMF you will also want a strong empirical component to your work, and showcase that you know the theory well too. Check on the IMF EP recruitment webpage, they often indicate which departments in Europe they visit to hold interviews.
Some of my friends went for those in Frankfurt, and basically if you are successful there, the next stage will be the (final round) panel interview in Washington (although this may be done remotely nowadays).
The reason I say this is because it is very difficult to course correct half way through a PhD if you are doing Game theory or contract theory and suddenly realise you want to do development work.
There are also other ways to join the IMF at times. One guy from Frankfurt joined after being at the Bundesbank, basically on a secondment. So, this kind of path is also possible, but not ultra common or reliable. Joining the World Bank might be a tad easier if you are willing not to work in Washington and instead join a regional office. Still tough, but possible.
Regarding your more immediate concerns. The Maths courses aren't bad, but the econ courses are not the best. If you can get a strong performance in your MSc, it will compensate somewhat. Actually, in that case Cambridge might be useful. If this is what I think it is, then it is exactly for you. These Diplomas in the UK exist to bridge the gap for non-econ majors to later do an econ MSc. It's basically a lot of Year 2 and Year 3 classes packed into a single year.
If you do well there, then you are set for doing an MSc. I would recommend that option if it is not too expensive, because it will be the least brutal in terms of expectations and it will leave you room to get better over that year to be able to get into your best possible shape for an MSc, which will lead to a better performance in a PhD programme later. FYI, there are also plenty of universities that still do standard PhD programmes with no structure coursework, where you just do research for 3-6 years. Notably in France, Germany, and the UK. Can't speak for the rest.
So again, my recommendation is Cambridge if you can afford it (I have no idea what the costs are, and also the UK is expensive, and visas aren't cheap), and otherwise Bocconi or BGSE. But these two would be tough, straight out of a non-econ bachelor with ok grades.
FYI, in the UK, plenty of universities offer this Diploma that bridges non-econ bachelors and econ msc. It's often not super well advertised, but plenty do it, not just Cambridge.
Attending: Frankfurt GSEFM
Admitted: Frankfurt GSEFM ($$), EUR ($$), Barcelona GSE (MSc)
Interview: Munich GSE (declined)
Rejected: sooo many places- Bonn, Manheim, Caltech, NYU Stern, Chicago, BU, UCSD, UT Austin, Virginia, UCSB, USC, GMU