The Department of Economics at Royal Holloway is one of the top economics departments in the country with a wide range of expertise, including labour economics, development economics, microeconomic theory, and experimental economics. In the latest Research Excellence Framework (REF2014), we were ranked 9th in the UK in terms of world-leading and internationally excellent research.
The Department is home to about 30 research active staff and 30 PhD students from over 20 countries. We offer a stimulating research environment and a vibrant PhD programme with advanced economics training in the first year and a great placement record.
The PhD student community is relatively small, thereby ensuring a consistently high level of interaction between the students and academics. Our students benefit from advanced economics training in their first year and have an opportunity to present their ongoing research and receive feedback in our PhD seminar series.
Research facilities and environment
The Department of Economics at Royal Holloway has strength across all main fields of the discipline, and so supervision can be offered in most areas of research. Our staff members are renowned for their work in theoretical and applied microeconomics, labour economics, development economics, and experimental economics. The faculty also pursues multidisciplinary topics and benefits from interaction with the Computer Science and Psychology departments, among others.
Being a PhD student at the Department of Economics, you become an integral part of our research community. Research students are encouraged to sign up for meetings with external seminar speakers, to attend conferences and to start building their academic networks. Every Spring, the Department organises an Annual PhD Conference with invited speakers and students from other universities.
PhD students are provided with facilities for carrying out their research. In years 1 and 4, you will have use of a hot desk in the Department. In years 2 and 3, you will be offered an individual workspace. Outside the Department, there are several spaces on campus dedicated specifically to research students, including the Doctoral Hub in the international building and the PGR room in the Davison Building.
You will begin on the MPhil degree for the first two years and will need to meet certain requirements to progress – to upgrade - to the PhD student status. In your first year, you will have to take advanced economics training that provides skills and knowledge necessary to proceed to the independent research work (see PhD Training Programme for details).
The PhD courses are taught by our own faculty, as well as by external experts. Additional training opportunities (such as external summer schools or workshops) can be funded by the Department according to individual students’ specific research needs. Finally, generic research skills training is provided at the College level. The remaining years of the programme are fully devoted to research.
Part of the training throughout the programme is attending internal and external seminar series. In addition, we run a weekly PhD seminar series where students present their on-going research and receive feedback from their peers and the faculty.
Candidates for a place on the MPhil/PhD programme should have completed an undergraduate degree and a taught Masters in Economics, with a distinction or a high pass, in a relevant subject.
English language requirements
All teaching at Royal Holloway is in English. You will therefore need to have good enough written and spoken English to cope with your studies right from the start.
The scores we require
- IELTS: 6.5 overall. Writing 7.0. No other subscore lower than 5.5.
- Pearson Test of English: 61 overall. Writing 69. No other subscore lower than 51.
- Trinity College London Integrated Skills in English (ISE): ISE III.
- Cambridge English: Advanced (CAE) grade C.
- TOEFL ib: 88 overall, with Reading 18 Listening 17 Speaking 20 Writing 26.
For more information about country-specific entry requirements for your country please see here.
Your future career
The department actively supports the placement of PhD graduates in positions at universities, research institutes, government agencies, and private corporations. Examples of recent placements include:
- Bristol University
- London School of Economics
- University of Stirling
- Cardiff Metropolitan University
- Max Planck Institute, Germany
- European Bank for Reconstruction and Development (EBRD)
- Institute for Employment Studies.
For more information about placements see the PhD Job Market.
Fees & funding
Home and EU students tuition fee per year*: £4,345
International students tuition fee per year**: £17,400
Other essential costs***: There are no additonal costs greater than £50 per item.
How do I pay for it? Find out more about funding options.
* and ** These fees apply to students enrolled on a full-time basis. Students studying part-time are charged a pro-rata fee, usually equivalent to approximately half the full-time fee. Please email firstname.lastname@example.org for further information on part-time fees. We adopt the minimum fee level recommended by the UK Research Councils for the Home/EU tuition fee. Each year, the fee level is adjusted in line with inflation (currently, the measure used is the Treasury GDP deflator). Fees displayed here are therefore subject to change and are usually confirmed in the spring of the year of entry. For more information on the Research Council Indicative Fee please see the RCUK website.
*** These estimated costs relate to undertaking this particular programme at Royal Holloway. Costs, such as accommodation, food, books and other learning materials and printing, have not been included.