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The Students
The student body is quite diverse. Students from the U.S., China, India, Russia, Kyrgyzstan, Turkey, Mexico and Thailand have enrolled in our program. Approximately a third of our students work full-time in private industry or government while the others work part-time or are full-time students. About half of the graduate students are women. Our students hold undergraduate degrees in Economics, Business, Engineering, Mathematics and Political Science.
Almost every student has been successfully placed shortly after graduation. Those seeking a Ph.D. in Economics and related fields such as Business and Finance have gone on to universities such as Chicago, Cornell, Indiana, Iowa, North Carolina, Rutgers, Virginia Tech and UC-San Diego. Other graduates have taken jobs with employers such as Walker Research, the Federal Home Loan Bank Board, Union Federal Savings Bank, Spiegel, Inc., the IU Medical Center, Pedcor Bancorp, the Indianapolis Department of Commerce and the Indiana State Budget Agency.
A recent study for the European Economics Association included IUPUI in their list of the top 200 research departments in the world. We were among the top 80 in the U.S., and the top 3 among programs that focus their graduate education on the Master's degree.
Requirements
The M.A. degree requires the completion of 24 credits of economics classes plus either (i) 6 credits of outside field classes; or (ii) 6 credits of thesis preparation.
Admissions
Students with good credentials in any discipline may apply to the program, but successful applicants usually demonstrate an ability in economics or other areas with significant training in mathematics. Applicants must submit an application form, official transcripts of all relevant academic work, three letters of recommendation from people capable of assessing the student's potential for graduate study (at least two are normally from former instructors), scores from the Graduate Record Examination (GRE), and a personal statement indicating why they wish to earn an advanced degree in economics. Graduate study in Economics also requires knowledge of intermediate-level undergraduate economic theory, differential and integral calculus, and statistics. An applicant whose academic record does not meet the standard in a particular area may be admitted if his or her record is outstanding in other respects.
Foreign applicants are required to take the Test of English as a Foreign Language (TOEFL) and receive a score of 550 or above. A score of 600 and above is usually needed to qualify for a financial award. They will also be required to take an on-campus exam for English proficiency prior to their first semester of course work and may be required to take additional classes in English as a second language. We also accept successful completion of ELS 112 in lieu of a TOEFL score for admission. Foreign applicants who seek financial support must still submit a TOEFL score.
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Students typically enter the program in August. Applications for admission without financial support may be submitted up through June 15.
Financial Support
Tuition fees for the 2008-2009 academic year are $259.35 per credit hour for residents and $776.90 per credit hour for non-residents. These rates have been increasing by about 6 percent per year recently.
Financial assistance is available to graduate students in economics. Research and teaching assistantships and fellowships are available to selected full-time students without regard to need. Awards range up to $12,000 annually and include a tuition scholarship and health benefits. If an assistantship is desired, the application must be received by January 15. Other forms of aid are available through:
The Office of Scholarships and Financial Aid
Room 103 Cavanaugh Hall
425 University Boulevard
Indianapolis, IN 46202
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