Admission Requirements

Admission to the School of Economics for graduate study is competitive. We accept the best candidates based on their academic excellence and demonstrated capacity for graduate study. Below are a list of the basic admission requirements.

Course requirements

All economics graduate degrees require the following courses to be complete:

  • Intermediate Microeconomic Theory (equivalent to UMaine’s ECO 420)
  • Introductory Statistics (equivalent to UMaine’s MAT 215 or 232)
  • Calculus (equivalent to UMaine’s MAT 126)
  • Econometrics (equivalent to UMaine’s ECO 485) is also strongly recommended

The M.A. in Economics further requires:

  •  Intermediate Macroeconomic Theory (equivalent of UMaine’s ECO 421)

The M.A. in Financial Economics further requires:

  • Intermediate Macroeconomic Theory (equivalent of UMaine’s ECO 421)
  • An accounting course
  • A business finance course

Note: Applicants without the required background may be provisionally accepted, allowing them to matriculate once these course requirements are complete. An undergraduate degree in economics is not essential for admission.

GRE test scores

We require Graduate Record Examination (GRE) scores. We do not have a fixed minimum score for admittance, however the average GRE scores are Verbal = 162; Quantitative = 159.

English proficiency test scores (TOEFL and IELTS)

Applicants from non-English speaking countries must furnish proof of their proficiency in English. There are two major tests for this purpose, the Test of English as a Foreign Language (TOEFL) and tests from the International English Language Testing System (IELTS). For admission, the School requires TOEFL scores to be above 92, 237 or 580 (on the internet, computer or paper-based exams, respectively), or IELTS scores to be 6.9 or higher. If your scores are lower then you may be admitted on the condition you successfully complete the two 4-week summer sessions run by the Intensive English Institute.   TOEFL/IELTS scores may be waived if the applicant has attended a U.S. college or university for a period of at least four years or has earned a degree from a U.S. university or college.​

To obtain an assistantship the these scores should be higher: with the TOEFL above 98, 247 or 597 respectively, and the  IELTS equal to 7.6 or higher.