September, Janurary or April
Full time or part time
Economics at Exeter offers research strengths in most areas of economics, econometrics and finance, with particular strengths in:
- advanced econometrics
- asset pricing models
- behavioural finance
- industrial organisation and contract theory
- decision theory
- econometric analysis
- economics of trade
- environmental economics
- equilibrium theory
- experimental economics
- game theory
- natural resource economics
- public economics
- time series analysis
Web: Enquire online
Phone: +44 (0)1392 72 72 72
Web: Enquire online
Phone: 0300 555 6060 (UK)
+44 (0)1392 723044 (non-UK)
4th for Economics graduate prospects in the Complete University Guide 2021
13th for Economics in The Times and The Sunday Times Good University Guide 2021
Triple accredited Business School
Accredited by AMBA, EQUIS and AACSB
As a PhD student in Economics, you will work with and learn from our inspirational and diverse faculty of leading researchers.
This laboratory has been set up with funding from the University of Exeter, with additional support from the ESRC and the British Academy, to conduct experiments in finance and economics. For further information about the Centre visit the FEELE website.
The Tax Administration Research Centre undertakes research on tax administration in order to strengthen the theoretical and empirical understanding of tax operations and policies.
How to apply
To be considered, PhD applicants need to meet the following entry requirements:
- A good undergraduate degree (in the UK, at least an upper second class honours) in a relevant subject
- A taught Masters degree in a relevant subject
If you are an international student, please visit our international equivalency pages to enable you to see if your existing academic qualifications meet our entry requirements.
English language requirements
International students need to show they have the required level of English language to study this course. The required test scores for this course fall under Profile B. Please visit our English language requirements page to view the required test scores and equivalencies from your country.
Please note: In order to submit an application you must have had a prior dialogue with an academic at the University who is interested in supervising your research. Full details below:
We consider applications to our PhD programmes three times a year. In 2023, these deadlines are:
- 20th January
- 5th May
- 30th September
To be considered for our PhD programme, you need to submit the following documents by either of the above deadlines (incomplete applications will not be considered):
- A research proposal that you have developed with a potential supervisor (no more than 2000 words)
- A letter from this potential supervisor stating that they are willing to supervise you
- A personal statement that explains why you wish to complete your PhD in our department and why you think you are well suited to this programme of study (no more than 600 words)
- Academic transcripts from your relevant studies to date (see entry requirements below)
- Two academic letters of reference from teaching staff at your previous institutions
- If necessary, evidence of English language ability (see entry requirements below)
- If you have them, results from a GMAT or GRE test that are not more than 5 years old.
Preparing your Proposal
You cannot apply until a member of faculty has stated that they are willing to supervise you and provided you with a letter to this effect. To achieve this, you will need to initiate contact with faculty who are working on topics that you are interested in and present them with a proposal of no more than 2000 words.
To find a potential supervisor, refer to the Supervision section, below.
We recommend that you start this process 3 months before the application deadline. There are three possible outcomes to this process: (1) potential supervisors state that they are willing to supervise you, (2) potential supervisors request further revisions on your proposal or (3) they are unable to provide supervision.
Applicants will be invited to interview with a panel who will assess their application. Applicants who cannot provide results from the GMAT or GRE will be asked to complete an online psychometric test.
Fees and funding
Tuition fees per year 2023/24
- UK/EU: £4,970 full-time; £pro-rata part-time
- International: £20,600 full-time
Following your registration, tuition fees for subsequent years of study may increase to take into account inflationary pressures – this will not exceed 5 per cent per year of study.
Tuition fees per year 2022/23
- UK/EU: £4,596 full-time; £pro-rata part-time
- International: £19,000 full-time
Following your registration, tuition fees for subsequent years of study may increase to take into account inflationary pressures – this will not exceed 3 per cent per year of study.
The Business School offers a generous range of scholarships and bursaries for postgraduate students. In previous years funding has been available through a number of scholarships including Distinction Scholarships, Thomson Reuters Scholarships and Excellence Scholarships.
Funding opportunities are subject to change, so for the latest information we recommend searching our funding database.
Current available funding
You can expect:
- High-quality research supervision to develop and nurture your potential
- A tailored supervision approach to help best suit your requirements
- Accessible supervisors who are enthusiastic about working directly with postgraduate research students
- Regular timetabled meetings with your supervisor
- 'Open door' policy to all postgraduate students - instant access to world-leading researchers who will share their expertise and ideas with you
- Regular meetings with your supervisory team, other members of your research group, and mentors
You will only be able to apply for a PhD when you have received a letter from potential supervisors stating that they are willing to supervise your PhD thesis. You therefore need to initiate contact with faculty who are working on topics that you are interested in and present them with a proposal of no more than 2000 words.
To find a potential supervisor, please contact the Discipline Director of PGR, Surajeet Chakravarty.
The skills and expertise that you build now are fundamental to your continuing professional development (CPD), and will be part of your toolset throughout your working life, whether academic or elsewhere. We’re also very keen that you should consider taking part in the University's Postgraduate Researchers' Programme which offers training in a wide range of generic and transferable skills in key areas such as research management, personal effectiveness, communication skills, networking, team-working, and career management.
It’s great if you can enter the programme with research training and experience of research at Masters level, but we don’t expect you to be the finished article. You’ll get together straight away with your supervisor to identify your training needs, and you’ll both monitor and adapt them as your research develops and new challenges emerge.
In the first year of your PhD study the appropriate department(s) in the Business School will specify discipline and subject-specific training which may be methods training, research philosophy, or thematic modules to upgrade your knowledge of the subject. You may be asked simply to attend some modules; you may be required to pass others that are vital to your doctoral studies.
You’ll also need to attend staff-postgraduate seminars addressed by visiting speakers and School staff and you’ll present your research to fellow students and academic staff at our annual research conference or a similar event. This is a key opportunity to get feedback from staff and fellow students on your research, as well as giving you the chance to enhance your presentation skills. Successful presentation is a criterion of upgrade from MPhil to PhD status
We can source most training requirements within the University of Exeter, but where this is not feasible, for instance on specialist software, or cutting-edge methods or techniques vital to your studies, we work with partner organisations like research councils, professional associations and training companies to provide external training.
You need to be able to communicate your research clearly and effectively to a variety of audiences, and we encourage doctoral students to present their work to external audiences at seminars, symposia and conferences. Each student is allocated a yearly allowance for professional development.
You should enter your doctoral programme in October at the start of the academic year if at all possible. This is when taught modules commence within the School, as does the University’s research training programme and the widest array of training courses. After the training-needs assessment with your supervisor you may be asked to attend one or more first semester modules commencing in October and, if the training is deemed essential to your programme, this may be a requirement for any offer of a place.
October is also the start of the academic year for all students, with a formal induction programme as well as a vibrant calendar of events, and you’ll definitely benefit socially if you start your studies with other new students.
The Business School provides research students with many opportunities to develop skills in teaching, and other academic and non-academic employment, and actively supports students who wish to take on ad-hoc or part time work during their studies.
The School has a Code of Practice for Employment of PGR students which complements the University's central Code of Good Practice for the Employment of Postgraduate Students. Students who wish to undertake work during their studies must ensure they read both the School Code and the University Code before commencing any duties.
The skills and expertise that you build now are fundamental to your continuing professional development (CPD), and will be part of your toolset throughout your working life.
We strongly recommend that our students take part in the University's Postgraduate Researchers' Programme, which offers training in skills such as:
- research management
- personal effectiveness
- career management
The Business School provides research students with many opportunities to develop skills in teaching, as well as other forms of employment (both academic and non-academic). We actively support students who wish to take on ad-hoc or part time work during their studies.
The School has a Code of Practice for Employment, which complements the University's central Code of Good Practice for the Employment of Postgraduate Students. If you wish to undertake employment during your studies, you must ensure that you read both the School Code and the University Code before commencing any duties.
We are very proud that our graduates have forged successful careers throughout the world in a variety of occupations. Here are just a few:
- Lecturer, Mahidol University International College
- Lecturer, University of Birmingham
- Lecturer in Accounting (E&R), University of Exeter
- Tax Inspector, Agency of Revenue Italia
- Post-Doctoral Researcher, FAU-Erlangen-Nuremberg
- Research Manager, Northwestern University
- Senior Lecturer in Economics, Oxford Brookes University
- Teaching Assistant, Queen Mary University of London
- Lecturer in Economics, RMIT University
- Lecturer, Shanghai University University of Finance and Economics
- Lecturer in Business Economics, Sheffield Hallam University
- Senior lecturer, Universiti Sains Islam Malaysia
- Lecturer, University of Exeter
- Post Doctoral Associate, University of Exeter
- Visiting Faculty Member, University of Exeter
- Lecturer, University of Manchester
- Assistant Professor, University of the Punjab, Lahore Pakistan
- Real Estate Strategist, Zurich Insurance
- Programme Manager, Cambridge University
- Project Manager, Erasmus+ National Agency
- Statistician, Museums Galleries Scotland
- Senior Teaching Fellow, University of Warwick