Northwestern University

Overview

The PhD in Managerial Economics and Strategy (MECS) at Northwestern University equips students with the skills to analyze complex economic and strategic challenges using advanced microeconomic techniques. This program is ideal for individuals aspiring to develop robust research capabilities and pursue careers in academia or research-focused roles.

What you'll study

Research-led training across economics and strategy. The MECS program integrates comprehensive coursework with early research opportunities, culminating in a doctoral dissertation.

Core research themes (examples)

• Contract economics
• Decision theory
• Development economics
• Economics of innovation
• Economics of organization
• Economic theory
• Game theory
• Health economics
• Industrial organization
• Mechanism and market design
• Technology and innovation
• Political economy
• Social choice

Typical progression

• Year 1: Foundation courses in microeconomics, strategy, and research methods, along with an introduction to faculty research areas.
• Years 2–3: Advanced seminars and electives tailored to the student’s research interests, fostering specialization and research output.
• Years 3–5/6: Focused dissertation research, development of the dissertation proposal, and completion of the PhD dissertation.

Dissertation requirement

The dissertation must be based on original research, showcasing mastery of relevant theories and empirical methods while contributing to existing scholarly literature.

Cross-department learning

Students have the opportunity to enroll in courses across the Managerial Economics and Decision Sciences (MEDS) and Strategy departments, as well as select offerings from the Economics Department, depending on academic planning and faculty guidance.

Entry requirements

Degree background: Applicants generally possess a strong undergraduate degree, with many holding a relevant master’s degree. A solid foundation in economics and quantitative methods is essential.

Academic record: A competitive GPA and evidence of advanced coursework in economics, mathematics, and statistics are expected.

Standardized tests: GRE General Test scores are typically required. GMAT is not commonly used for PhD admissions, so it's advisable to confirm the specific requirements with the department.

Career prospects

Graduates of the MECS program are well-prepared for a variety of academic and research-oriented careers. Potential career paths include positions in universities, research institutions, and think tanks, as well as roles in government and private sector organizations focused on economic analysis and strategy development.