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. While we do not set a required undergraduate GPA for admission, applicants seeking a teaching, research, or other graduate assistantship typically have earned As in most of the required courses for admission and tend to have around a 3.5 GPA or higher.

Course requirements

All of our graduate degrees (M.S. in Resource Economics and Policy, M.A. and M.S. in Economics, and M.A. in Financial Economics) require the following courses before attending:

  • Intermediate Microeconomic Theory (equivalent to UMaine’s ECO 350)
  • Statistics (equivalent to UMaine’s MAT 215 or 232)
  • Calculus (equivalent to UMaine’s 115, 126, or 151)
  • Mathematical Economics (equivalent to UMaine’s ECO 480) is strongly recommended

The M.A. and M.S. in Economics also require:

  • Intermediate Macroeconomic Theory (equivalent of UMaine’s ECO 321)
  • Econometrics (equivalent to ECO 485) is strongly recommended

The M.A. in Financial Economics also requires:

  • Intermediate Macroeconomic Theory (equivalent of UMaine’s ECO 321)
  • An Accounting course
  • A Business Finance course
  • Econometrics (equivalent to ECO 485) is strongly recommended

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

Under normal circumstances, 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. However, due to the COVID-19 pandemic, we are waiving the GRE score requirement for admission for applications submitted during the 2020-2021 school year.

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