How I Got Into Yale's Graduate School (Economics PhD Program)

✅Get my FREE grad school application worksheet: marketpower.substack.com/p/gr...
There is a lot of advice out there about how to get into graduate school. But I share the unique insights I received from getting accepted to Yale's economics PhD program.
The video covers advice on the GRE, which classes you should take, your letters of recommendation, and the statement of purpose.
Come chat with me on twitter: / marketpoweryt
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[@MarketPowerYT]

Interested in graduate school? ✅Get my FREE grad school application worksheet: marketpower.substack.com/p/gradschool-masterclass

[@conornomics5629]

More PhD's should explain this stuff. I was a first gen college student and it was like a fog to me.

[@crunchesandlunches4364]

Came across your channel a few days and I am OBSESSED! There is such a lack of accessible information on these topics and I'm so thankful you're making these videos. Can't wait to see your channel grow and I'll share it with all my fellow econ students. Keep doing what you're doing, and thank you!!!

[@MarketPowerYT]

So glad you found it! Are you in school?

[@crunchesandlunches4364]

@@MarketPowerYT I am! Doing my undergrad in economics & finance at a small university in Canada (University of Guelph). Hoping to get into an ivy league economics program for a masters or phd though, with the help of your tips!! Honestly I'm more motivated and excited than ever after watching your videos 😃

[@illamenati3105]

"if you've had an economics professor you know they don't care about your personality" literally my undergraduate research mentor 😂 she did not even try to care about my small talk attempts

[@rookiej5587]

What do they care about?

[@user-qk9to3oo8u]

I am currently a Undergrad Econ & Finance student at UPenn. I daily watch your video and I found this one most helpful. I even downloaded this video and daily watch it to make sure I know what to do about my applications. Thanks Craig.

[@SSNewberry]

Good point on the letters "margin value"

[@connorcassidy1983]

Your channel is really important to this niche community, please do NOT stop making videos!

[@MarketPowerYT]

Thank you! My plan is to keep making them.

[@jakkeddaw]

This is huge for me now, going into my senior year. Wish I had it as a freshman. I think it's important regardless of if one ends up attending grad school. Having that target in mind makes helps prepare for applying for future careers. The GRE might not translate directly, but the GPA and letters or recommendation certainly will.

[@vuziyamwale2606]

Just came across your channel and I thought it was inspiring and motivational. Got interested because I am planning to enter into a Phd program in economics and I have been trying to figure out as to where and how do I start the journey in. Your videos have given me some of the understanding into the process of getting into the program . I really do appreciate and looking forward to listen more of your videos. Thanks for posting these video.

[@joev2826]

Thank you for the videos!! They are really inspiring and helpful!

[@studysally]

The points of letter and SOP are really useful!!!!

[@izzyc1570]

That’s awesome. Great video!

[@ConnorPugs]

This is a cool video, thank you

[@quickeconomics1234]

This video was so helpful! Thank you so much! Could you make a video on the whether someone should choose a masters or PhD program?

[@jamesyeh8508]

Thank you so much for sharing this. I am applying this fall and hopefully I can get in a top 30 program >_

[@kaps.]

Hope u get in!

[@fredimorales6681]

Thank you for the video!

[@jamesbedukodjograham5508]

Wow this is not a bad video however the Yale PhD Programme is one of the most Competitive Schools that one can apply for. So for 2020 this is a really great video in the short and long term. It is really common to get loads of rejects before one has the scheme to success in the programme of thy choice.

[@vinayakansajeev]

Could you please do a video on best books to read for: 1. Micro 2. Macro 3. Econometrics 4.Public finance 5. International economics 6.environmetal econ & 7. Health Economics

[@yair8157]

if you are looking for textbooks i really recommend for micro: Intermediate Microeconomics, by Hal R. Varian

[@vinayakansajeev]

@@yair8157 I am using that bother, but I wanted to know his favourite list

[@MarketPowerYT]

I'll have to look into this. I'm not sure I have good recommendations for all of those topics.

[@zzzbro5136]

Depends on the level.

[@kuroneko9327]

Just came home from a seminar held by a professor from Yale who's from my country. Pathways to PhD was one of the topics. I can tell everything you said in this video, he mentioned each of them with same emphasis. It definitely isn't flowery.

[@rookiej5587]

Could you please add a few points your professor said?

[@nanaankobiah3171]

I'm an undergraduate British so I can only semi tailor it to myself, but your videos are goddamn awesome my man. I really love your channel!

[@MarketPowerYT]

Thanks! These kind of comments are incredibly motivating for me. It's nice to see that the videos are finding the right audience.

[@bezzo8848]

How is it going?

[@jorgegallo341]

Thanks for the video

[@KRoZzingTheLine]

👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽 Thank you!!!

[@oliverryder-green6749]

Great, thanks!

[@senemturan7334]

Thank you for this informative context. I would like to know that what sort of obstacles you had encountered during the PhD. It is hard for us to know the challenging side of PhD in economics especially in these high ranked universities.

[@abdulghaphor]

Your video is very helpful.

[@Ayuk1]

Thanks for such a great video. I'm still undecided between a PhD in Economics, PhD in Finance or PhD in Business Analytics. and I barely have 6 moths to come up with a decision.

[@MarketPowerYT]

A lot happens in 6 months! You'll settle on something.

[@MrJonespwnes]

Catiso fan, eh? :D Btw great content

[@thebroccoliindustry4626]

wish this video came before I applied for my masters

[@ColinNasty]

the biggest mistake i made as an undergrad was not become close with anyone in the department. So, obtaining letters of rec now seems impossible. I am hoping to at least get one from an employer and see where i can go from there

[@akankshakhanna6]

Being an economics student...thanx gor sharing such valuable insights!! And yes I would love to pursue my phd in USA so please tell about decent universities that can help in providing scholarships..

[@MrSpringooo]

Thank you & indeed such useful insights. I had my bachelor's degree in commerce 12 years ago and directly entered the corporate world, does this working experience count as a competitive edge _especially at interdisciplinary programs such as Phd in Business Economics or Political Economy?_ Also, given my dated graduation, would professional recommendation letters be as purposeful as academic ones? Thanks and I appreciate your feedback

[@mitchgriffith6400]

What would you advise to expect in a M.S. Econ program? I am starting class in the fall and think the biggest thing I need to brush up on is my math, but do I have to know Calc 1-3 and Real Analysis for a Master's program?

[@kyleskolsky]

Is a phd in economics worth it even if its not at an Ivy league school? What kind of jobs could I get if I do get a phd in economics even if i got the phd from auburn or the university of South Carolina? Also I was thinking about minoring in accounting and doing an accounting internship to get a CPA license and learning how to code and program on my own and maybe take a few classes as electives. I would like to know your thoughts.

[@berke-ozgen]

Hello, thank you for the video, it's really helpful! For my case, I have nearly perfect quant score but really low verbal score (142). Is that a problem for top tier schools in the Europe? Overall my score is 310 but I am on the fence wheter the score is sufficient. Thanks in advance!

[@mosenmolaeerad5055]

Hi Please answer me. I had to know your opinion. I got Q167 and V 163 and 4AWA in GRE recently and I want a Ph.D. in economics should I retake the exam to get the perfect score in the Quant section or is it enough?

[@vinayakansajeev]

*Challenge accepted!!* Barney Stinson

[@ericonomics]

What are your thoughts for those with 1-2 years of full time work experience in private sector (my case, analyst/associate at a large US financial institution) and maybe not have had as much "research" experience? Should I seek say an RA position or a Masters, etc? Any insights appreciated :)

[@jeromeibanez6069]

Thankfully, the GRE and GMAT are becoming obsolete in a lot of top universities and programs

[@TheCoxClan]

Math is probably the reason why I didn’t enjoy economics very much.

[@tamalikabanerjee5179]

Sir can you please tell me one thing that which mathematics topics are most important for studying economics ?

[@dansanders9121]

A lot of schools in social sciences and humanities are finally doing away with the GRE. How would you recalibrate your advice for those folks?

[@abhijitshah6473]

Sir, I am currently studying in Grade 11 (Management Faculty). I want to study Economics after High School. But right now here, There is no Mathematics classes in school. Additionally, I am weak in Mathematics. So, please help me.

[@urib1184]

Can you make a video about what is needed to become an economist? I’m entering my junior year as an economics major at a state school, and I know I want to become an economist, but I’m not sure if I need to pursue a Master’s degree, or PhD. A video talking about the subject would be very helpful!

[@MarketPowerYT]

This topic is on my mind. When you say "become an economist," what does it mean to you?

[@urib1184]

Market Power I’m not too sure, but I was thinking of working for the Department of Treasury or at a private sector economic consulting firm. Not sure if that answered your question.

[@romina.goodarzi]

I can't describe how good this video was, but I have an important question and please answer me. I was an economics bachelor and we didnt have linear algebra and calculus in our courses. Now that I have graduated and I want to apply, how can I fill in the gaps in those courses? If I fill their place with pass this courses in Coursera and get their certificate, will they be effective in my transcripts and admission? Plz answer🙏😭I need your advice.

[@Jwilk.o]

My dream is to get a PhD in econ from Yale! I am an international student though, so I think my chances are slim.

[@MarketPowerYT]

My class had more international students than American students. Keep the dream alive!

[@Jwilk.o]

@@MarketPowerYT That's great to hear :)

[@ThatstheWei]

my GPA is not that high from undergrad(3.3), do I have a chance to aim at top school's graduate program?

[@DBPCINC]

Quel tu pense de the Miller's Analogy Test(MAT)? I mean, I'm applying to the MIAGE program at the U (completely unrelated to economics for the most part) and they only ask to be 51st percentile in the MAT, but is there any reason to go and try to impress them further?

[@MarketPowerYT]

First, I can't even understand why someone would want to go to the U....But this is the only program I've ever even heard of that accepts the MAT. I would go with the GRE in case you want to explore other programs. No matter which test you take, you should always try the best to impress.

[@juje10]

Would a doctorate from Argentina university transfer here in US? Trying to save on money it will be free for Spanish speaking

[@peace-hu5pn]

Sir i am history graduate but i encounter in my ug that i just love economic so then i applied for masters in isi delhi msqe i hope i might be getting in . Can i do phd in economics in yale

[@jorgem9881]

What do you think about applied economics master's program? I live in California and UCLA and a few other schools in my area offer an applied or quantitative economics master's. I'm not sure if I should go into that or a PhD.

[@MarketPowerYT]

I'm a little skeptical of 1-year masters programs. But if it is a natural extension of what you're doing right now then it could be a good option. For example, if you discovered economics late and didn't get all of the classes you wanted then a 1-year masters could be a good option.

[@jorgem9881]

@@MarketPowerYT what would you say makes you skeptical about these types of programs?

[@raisamartinez9016]

What is a good ONLINE college to get a Bachelor's in Economics? I' only took 1 college class in Eco in college. I do already have my JD and Master's in CJ. Looking ultimately for a future Economics Master's. Help!! Online only

[@nygelgiggetts9086]

Penn State World Campus

[@user-sd4jo7cg6i]

how about urban economics?

[@mitsubishi8115]

hey , undergraduate in which subject , statistics or maths can increase the chances of getting into a top us phd ? I'm confussed and plz tell if age really matters while getting into a us phd? i mean do they consider younger students over older ones ?

[@MarketPowerYT]

Math tends to increase your chances the most. Schools like to see you have the math background to deal with the theory. I'm not sure about age. I've seen older students in PhD programs. If you're just graduating from undergrad, they probably don't care.

[@ValliNayagamChokkalingam]

Thank you! Very informative! Big fan of yours from India! Will a research assistantship after graduation increase my chances of getting into a good grad school? My undergrad cgpa is around 3.5. Will a good cgpa in a master's program help me compensate for the average undergrad academic performance? Thanks in advance.

[@MarketPowerYT]

I know a lot of people who worked as RAs after graduation to improve their chances of getting into a good school. For some it worked, for others it didn't change much. It probably depends on skills and the professor you work for. I'm not sure how a master's program GPA is considered relative to the undergraduate GPA.

[@ValliNayagamChokkalingam]

@@MarketPowerYT Thanks for the reply! Really means a lot to me!

[@peppermills7468]

My Econ major at a state uni doesn't include calc 2 and 3. Should l take them regardless?

[@MarketPowerYT]

If your goal is to get a PhD, then yes. Even if you don't want a PhD, a lot of the technical skills needed today will ask you to have a solid background in calculus.

[@Iconolaste]

Thank you for that! Quick question, I have an undergrad in accounting, tired of accounting going into an MSc Economics advanced theories @ Purdue to boost my Econ Phd applications into top tier univ.. Do you think I have a way to get into top tiers University with that?

[@MarketPowerYT]

Yes, that should improve your chances significantly. While there, try to meet with professors early and tell them you want to do a PhD. Ask for their advice and see if there's a way to do research with them or on your own.

[@Iconolaste]

@@MarketPowerYT Great!!! Thank you so much for your quick response, I will do so! Starting next week monday 24th, I will really like to keep in touch with you it looks like you have a lot of advises to offer! How can I contact you?

[@Zahra-ly6kj]

Hi @Market Power can you recommend any economics book/video series that can help me learn how to do economic research on my own? I do have a BS degree in finance (studied basic economics, business mathematics, statistics, and finance courses) but I am not sure how to begin answering a research question.

[@samuelmolano2140]

How much time did you spend on Grad School? I'm still not clear how long is an Economics PhD

[@MarketPowerYT]

I graduated in 5 years. Most people finish in 6 years or less.

[@addisonlewis8581]

I'm an econ undergrad at BYU (freshman) and I want to do a PhD in economics. I'm in linear algebra right now, and my grade isn't the best, and the odds of getting an A are slim. The rest of my transcript (so far) has been good, and this would be my first non-A grade that I can remember. Does the severely hurt or ruin my chances of getting into a good grad school even if I can do better in my other math classes down the line?

[@MarketPowerYT]

You can totally recover. Work with one of the professors (Price is always hiring) and get good letters of recommendation.

[@roggermathausmagalhaesbarr9965]

How can I contact to you?

[@adamakante2625]

Please, if we weren’t good students before the master. And we performed well during the master. Do we have a chance to go to these schools ?

[@MarketPowerYT]

Masters degrees can do a lot to improve your chances of attending a top school.

[@ignaciocanabal6456]

Great videos ! I currently am in first year of economics at my University in Uruguay, but I am about to head to Toulouse School of Economics which has more renown than my current university. It is also known for being harder than other french universities, do you think going to Toulouse is a good decision if my final goal is to get a PhD in the US ?

[@MarketPowerYT]

TSE has a fantastic reputation. Of course they have Jean Tirole, who won a Nobel Prize a few years ago. I know three or four other professors there. Working with Tirole is probably pretty hard, but if you could work with other professors you will have great opportunities in US PhD programs.

[@ignaciocanabal6456]

@@MarketPowerYT Thanks ! Good luck with the channel !

[@anuraudagedara3676]

The music is so distracting

[@govindsawhney770]

Could you please tell me where can I learn webscarbing for free?

[@MarketPowerYT]

Coursera has a class called, "Using Python to Access Web Data." Looks like it can get you started.

[@govindsawhney770]

@@MarketPowerYT thanks a lot!

[@dieu-donneyouto1044]

I have an undergrad and a master in math from Africa, what is the likelihood to get admitted to a PhD in US ivy school

[@dieu-donneyouto1044]

I am concerned about a PhD in economics

[@jimgood1949]

Obviously a PhD from a top tier school qualifies you to teach and do research, but what are some fields other than academia that an Economics PhD might be useful for? Also, what is the approximate ratio of Economics PhDs teaching in universities vs working for government or other institutions?

[@yair8157]

Thanks, but i think my Jewish name will do the job getting into Yale...

[@juannavarro2813]

Lmaooo