Admissions & Financial Aid
Students with good credentials in any discipline may apply to the
program, but successful applicants will demonstrate ability in
economics and/or mathematics. Please see the
Frequently Asked Questions
for more information on math requirements for admission
to the program. Applicants to the program should have
completed the work required for a baccalaureate degree. All
applicants, with the exception of Tufts undergraduate students in
Arts and Sciences, must submit the results of the Graduate Record
Examination. In addition, applicants must submit an application
form, three letters of recommendation from persons capable of
assessing the student's potential for graduate study, a personal
statement indicating why they wish to earn an advanced degree in
Economics, and transcripts from all degree programs in which they
have been enrolled.
Applications for fall admission are due by February 15.
Applications submitted after these dates will be considered on an
individual basis. However, it is strongly recommended that
applications for financial aid be submitted by February 15. The
department does not admit students at midyear.
Research-Based Master of Science Program in Economics
To be admitted into the Research-Based Master of Science degree
Program in the second year, students must demonstrate good standing
in the first year of the program. Specifically, in their first year,
M.S. students will have to meet one of the following conditions:
Waivers of these requirements may be granted by the graduate committee in exceptional circumstances.
- Receive a GPA of 3.5 or better in the three fall
semester courses, EC201, EC203, and EC205 with no grade lower than a B;
- be enrolled in and successfully complete (B- or better) the remaining three core courses and,
- obtain a GPA of 3.2 or better in the six core courses.
- The Graduate Admission Committee will consider waivers to the first condition based on the following:
- Receive a final grade of B- or better in all six core courses (EC201-EC206) and,
- obtain a GPA of 3.2 or better in the six core courses.
- Students who are exempt from taking one or more core courses must meet Condition 1 or 2 for the
remaining core courses.
In addition, a student will have to fill out an application with the Department of Economics,
providing, among other information, the following:
This application can be submitted any time between March 1 and April 15. Students
who meet Condition 1a can be (tentatively) admitted into the Research-Based program in
Economics before the end of the spring semester. Students, who do not meet Condition 1a,
will only be admitted into the Research-Based Program in Economics after spring semester
grades have been assigned and no later than May 18.
- The provisionary title of the Masters' thesis.
- The name of an Economics Department faculty member who
has agreed to serve as the primary advisor for the Masters' thesis.
- A 1-2 page description of the candidate's proposed thesis topic (including bibliography).
Note that these are necessary but not sufficient conditions for
admission into the Research-Based Program in Economics. The Graduate
Admissions Committee's decision will also depend on its assessment
of the applicant's promise to be successful in the program.
In addition, to be admitted into the M.S.-Research-Based Program
in Economics, a student must fill out an
providing, among other information:
- the provisionary title of the M.S.-Research-Based thesis project, and
- the name and signature of the Economics Department faculty member who will be
the primary advisor for the Masters' thesis.
Applications can be submitted any time after March 1.
For a full description of the Graduate School's Policies and Procedures with regard to registration, tuition and fees, academic policies, degree requirements, Master's thesis requirements, and more, please refer to the
Student Handbook on the
Combined B.S./M.S. Degree in Economics
Applicants must apply to the M.S. Degree Program in Economics. Visit
Admissions website for details on the admission process. Make sure to
indicate on the application that you are applying for the combined degree
program. Tufts students do NOT have to take the GREs and only two
letters of reference are required.
Students normally apply to the program during the spring semester of the junior
year (the deadline for the M.S. Degree Program in Economics is February 15). Only
in exceptional cases will an application be accepted after the junior year.
Therefore, students interested in the program should contact their advisers
early in their academic career to facilitate program planning. Students should
also discuss their plans to apply to the program with the Director of the
Graduate Program in Economics. A student may elect to withdraw from the program
at any time by filing the appropriate petition.
Students must have Advanced Standing in order to be accepted into
the combined degree program. This is to ensure that students have
made enough progress in their undergraduate degree requirements to
satisfy the expectation that the combined degree program will be
completed in four years. The combined degree program is analytically
challenging so students will need to have a strong quantitative
background prior to taking the Masters-level courses. This is why we
require that students major in Quantitative Economics. An important
criterion for acceptance into the combined degree program is strong
performances in Math 34 and 70 and Economics 16, 18, and 107. Refer to the
Admissions website website for more information.
Environmental Economics and
Urban Planning Interdisciplinary M.S.
Applicants should choose "Urban/Environmental Policy & Planning
and Economics" as the program of study. One personal statement
addressing interest in the joint degree program should be submitted.
Applicants must meet all application guidelines and deadlines set
forth by both academic departments. An applicant will be accepted
into the joint program only if he/she is accepted by both the UEP
and Economics Departments. Applicants who are accepted into only one
program can choose to enroll in the graduate degree program in that
department. Tuition for the joint degree is the same as tuition for
the Urban and Environmental Policy and Planning M.A. program. Students
accepted into the joint degree program are eligible for financial
assistance subject to availability and need.
Tufts graduate students currently enrolled in the M.S. program in
Economics or the M.A. program in Urban and Environmental Policy and
Planning may apply for admission to the joint degree program after
discussing this plan with their advisor and submitting a letter to
their current program. The letter should include a statement of the
student's academic objectives. The application fee is waived for
current Tufts graduate students, and the application process is
streamlined. Current students need not submit credentials already on
file, including transcripts and GRE scores. An updated personal
statement addressing interest in the joint degree program should be
submitted. The financial aid section of the application should be
completed for students requesting a scholarship for the joint degree
program, even if a scholarship was previously awarded with admission
to the M.S. or M.A. program. Refer to the
website for more information.
Most students receive partial financial aid
to cover their tuition expense for the Economics Master of Science
degree. In recent years, the average financial aid award has been
about one half of the full tuition charge. The two-year Master of
Science Research-Based degree carries an additional cost in the
second year. Financial aid is available for the second year as well.
Financial aid is limited and is awarded by the department on the
basis of the student's qualifications and of his or her potential
for continued study. The department does attempt to ensure that
continuing students who have maintained good academic performance
are given high priority in financial aid decisions.
The primary form of financial aid is a tuition scholarship, which
consists of a partial waiver of tuition for the year in which it is
granted. Tuition waivers are awarded on a need and/or merit basis.
In addition to tuition waivers, approximately 10-14 students per
semester are employed as teaching assistants. Teaching
assistantships are usually awarded as 2/3 positions paying
approximately $4,500 per semester. This is the only award a teaching
assistantship carries. In particular, teaching assistants pay full
tuition unless they are also granted a tuition waiver. Students are
chosen based on their knowledge of economics and pedagogical skills.
A student must demonstrate satisfactory performance to continue to
hold the position.
Students not employed as teaching assistants may also seek
employment as a l grader, tutor or research assistant. These
positions are available each semester contingent upon departmental
More information about
Tuition and Financial Aid. All applicants should submit their
requests for financial aid by February 15. Students who are
employed may also wish to explore the possibility of employer
reimbursement for tuition expenses.
Combined-degree students must
pay for both the full undergraduate and graduate tuitions.
Generally, combined degree students must pay both the full
undergraduate and graduate tuitions. However, courses taken as an
undergraduate that count for graduate credit and that are not needed
for the undergraduate degree, may be used to reduce the graduate
tuition expense. Tuition scholarships may be available for the M.S.
degree. It is highly recommended that the student apply for
financial aid when filling out the application for the M.S. degree.