why do a phd in psychology

Doctorate in Psychology (Ph.D. and Psy.D.) – everything you need to know in 2024

What’s in this guide, ph.d. or psy.d..

• Why get a doctorate in psychology?

Entry Requirements

• PhD in psychology jobs
• How long does it take to study?

How to choose a program

How much does it cost, earning potential , find your degree.

By psychologyjobs.com Staff Writer

A doctorate in psychology is a terminal degree typically lasting 4-7 years. It prepares graduates for independent research, clinical practice, or university-level teaching careers in psychology.

There are many reasons you may want to pursue a doctorate degree in Psychology, the following guide will provide everything you need to know; from the options, costs, timeframes, career advantages and more.

First up, what are the two types of doctorate degree you can get and what are the differences?

The two doctorate degrees you can get in psychology are Ph.D. and Psy.D.

In simple terms, a Ph.D. in psychology is more research-focused, while a Psy.D. emphasizes clinical practice. The best choice between the two depends on your career goals and whether you prefer research and academia or direct clinical work.

Why study for a doctorate in psychology?

• Doctorate-level psychologists typically have higher earning potential compared to those with a master’s degree or bachelor’s degree in the field.
• Gain in-depth knowledge and expertise in your chosen area of specialization within psychology.
• Potentially make significant contributions to the field.
• Advanced career opportunities in various settings, such as academia, research institutions, government agencies, hospitals, and private practice.
• Connect with other professionals, researchers, and academics in the field of psychology, expanding your professional network

The minimum requirements to study a doctorate degree in psychology will vary from institution to institution. However, there are several common requirements:

• Bachelor’s degree:  all programs require applicants to have completed a  bachelor’s degree , in psychology or a related field. Some programs may accept candidates with a degree in another discipline if they have completed prerequisite coursework in psychology.
• Master’s degree : Some doctoral programs require applicants to have a  master’s degree in psychology  or a related field. Others may admit students directly from their bachelor’s degree and incorporate a master’s degree into the doctorate program.
• GPA : Many programs have a minimum GPA requirement, usually 3.0 or higher. Some competitive programs require a higher GPA.
• Letters of recommendation : Applicants typically need to submit letters of recommendation from professors or professionals who can speak to their academic and research abilities.
• Research experience : Prior research experience is often valued by doctoral programs in psychology. This may include experience working on research projects, completing a thesis, or participating in research internships or assistantships.
• Personal statement:  Applicants usually need to submit a personal statement or statement of purpose that outlines their academic and research interests, career goals, and why they are interested in the specific doctoral program.

Doctorate in psychology jobs

• Addiction Counselor
• ABA Therapist
• Mental Health Therapist
• Licensed Mental Health Conselor
• Licensed Professional Counselor
• Licensed Clinical Social Worker
• Licensed Marriage and Family Therapist
• School Psychologist
• Organizational Psychologist
• Forensic Psychologist
• Sports Psychologist
• Clinical Psychologist
• Counseling Psychologist
• Research Psychologist
• Professor of Psychology
• Child Psychologist

*Outside of the licensed psychologist jobs listed above many of the above roles  do not require a doctorate but it is important to note that employers for these roles are increasingly favoring candidates with a doctorate. 

How Long Does It Take To Study?

For the majority of students, a doctorate in Psychology may take anywhere from 4-7 years to finish, which will include a research dissertation and most likely residency or an internship in clinical or medical environments.

By far and away the question our career coaches get asked most frequently about doctorate degrees is how to choose a program. The choice of institutions and programs is truly overwhelming.

Here are some key factors to consider:

• Accreditation – Ensuring the program is accredited by the American Psychological Association . Accreditation affects the quality of education you will receive, your eligibility for professional licensure, and your job prospects after graduation.
• Program Focus and Curriculum –  Different programs may emphasize various aspects of psychology, such as clinical practice, counseling, research, or specific subfields like neuropsychology or health psychology. Match the program’s strengths and curriculum to your career interests and goals. Investigate whether the program offers courses and training that are critical to your desired career path.
• Faculty Expertise – Look into the backgrounds and areas of expertise of the faculty within the program. Consider how these align with your research interests or the professional skills you wish to acquire. Having mentors who are experts in your area of interest can provide invaluable guidance and opportunities for collaboration.
• Research Opportunities – For those interested in research, evaluate the resources available, such as labs, funding, and support for attending conferences or conducting fieldwork. Check if the program encourages or requires publications and what kind of support it offers to achieve these milestones.
• Clinical Training and Internships – For clinically oriented programs, look at the quality and variety of their practicum and internship placements. These are often required for licensure.
• Funding and Financial Support – Understand the types of financial support offered by the program, including teaching and research assistantships, fellowships, and grants. Funding can significantly impact your experience by allowing you to focus more fully on your studies and research without needing to seek employment externally.
• Alumni Success and Networking Opportunities –  Investigate where alumni of the program are currently working. This can give you a sense of the program’s reputation and effectiveness in placing graduates in jobs. Additionally, networking opportunities through alumni networks, professional associations, and academic conferences can be critical for career development.
• Program Size and Student Support Services – Consider the size of the program and the ratio of faculty to students, which can affect the amount of individual attention and mentoring you receive.
• Location – Certain locations might offer better practicum, internship, and employment opportunities in your field of interest due to the presence of significant healthcare facilities, research institutions, or industries.

Depending upon the institution, method of study, location and type of program then you can expect to pay $25,000-$80,000 per year to study for a doctorate in psychology.

An online program would likely fall at the lower end of this range whilst an out of state student in a private university might expect to pay the upper end of this range.

Many psychology doctoral programs, particularly in research-oriented universities, offer funding packages to their students. These can include full or partial tuition waivers, health insurance coverage, and a stipend to help with living expenses

The average salary for an individual with a doctorate in psychology is $114,768.

Earning potential varies considerably by specialty, location and industry but we see roles requiring a doctorate advertised in the $80,000-$130,000 range.

• PhD in Organizational Psychology
• PhD in Educational Psychology
• PhD in Forensic Psychology
• PhD in Counseling Psychology
• PhD in Behavioral Psychology
• PhD in Child Psychology
• PhD in Clinical Psychology
• PhD in Neuropsychology
• PhD in Sports Psychology

Is a Ph.D. in Psychology Worth it – (Pros VS. Cons)

There’s no doubt that getting a Ph.D. in Psychology can be a valuable investment. Studying psychology that can lead to many interesting and fulfilling careers. But is a Ph.D. in psychology worth it? This article will cover what you need to know before making your decision. We will talk about 25 reasons why a Ph.D. in psychology is worth it and also 7 reasons why it may not be the right degree for you. This article is not meant to dictate what you should do, but to provide you with the information to make an informed choice.

WHAT IS A Ph.D. IN PSYCHOLOGY DEGREE?

How long does a ph.d. in psychology degree take, how much does a ph.d. in psychology degree cost, what are the admission requirements for a ph.d. in psychology degree.

• A master’s degree, not necessarily in psychology. In some cases, a bachelor’s degree is also acceptable. • A GPA of at least 3.0 • Letters of recommendation • A letter of intent • Graduate Record Examination (GRE) • A Resume

IS A Ph.D. IN PSYCHOLOGY WORTH IT? – THE PROS

Reason #1: a ph.d. in psychology can provide you with the opportunity to teach at the college level., reason #2: a ph.d. in psychology can give you a greater understanding of human behavior and mental processes., reason #3: a ph.d. in psychology can help lead to careers in research., reason #4: a ph.d. in psychology can give you the chance to work with different ethnic and racial groups, reason #5: a ph.d. in psychology can lead to a career in public health., reason #6: a ph.d. in psychology can help you start your own business., reason #7: a ph.d. in psychology can help you become a voice for social and political change., reason #8: a ph.d. in psychology can lead to opportunities to take leadership positions in prominent psychology organizations., reason #9: a ph.d. in psychology can make you less vulnerable to job loss during economic downturns., reason #10: a ph.d. in psychology can lead to a career working with children., reason #11: a ph.d. in psychology may lead to opportunities to meet and collaborate with thought leaders in the field of psychology through networking events., reason #12: a ph.d. in psychology can lead to a corporate career as an industrial-organizational psychologist., reason #13: a ph.d. in psychology can lead to a career in forensics., reason #14: a ph.d. in psychology can allow you to help people with drug addiction., reason #15: a ph.d. in psychology can help you develop stellar communication skills., reason #16: a ph.d. in psychology can lead to a career in sports psychology., reason #17: a ph.d. in psychology can lead to a lucrative marketing career., reason #18: a ph.d. in psychology can help you become an administrator at colleges and universities., reason #19: a ph.d. in psychology can lead to a career in the military., reason #20: a ph.d. in psychology can prepare you for a career in social work., reason #21: a ph.d. in psychology can help you become an environmental psychologist., reason #22: a ph.d. in psychology can make you a credible writer on psychology-related topics., reason #23: a ph.d. in psychology can lead to a career as a neuropsychologist., reason #24: a ph.d. in psychology can give you the skills to help people discover their dream careers., reason #25: a ph.d. in psychology allows you to work in correctional settings., why a ph.d. in psychology may not be worth it for you – the cons, reason #1: it takes a long time to complete a ph.d. in psychology., reason #2: a ph.d. in psychology can be an expensive degree to pursue., reason #3: it’s possible to lose income while pursuing your ph.d. in psychology., reason #4: you may lose time with family and friends., reason #5: finding an internship or residency can be difficult., reason #6: you may have to publish in psychology journals often., reason #7: if your goal is to be a psychology professor, you may find a lot of competition., what are the 3 main reasons behind the demand for ph.d. in psychology degree holders, 1. many industries perceive people with a ph.d. in psychology as top experts., 2. there is increased accessibility to healthcare services, including services from psychologists., 3. the mental health needs of people have accelerated due to the pandemic and other recent events in today’s world., what is the average salary for ph.d. in psychology degree holders, what are the 3 best jobs you can get with a ph.d. in psychology degree, 1. professor:, 2. research psychologist:, 3. psychologist in private practice:, bonus 3 tips to make more money with a ph.d. in psychology degree, 1. specialize in a high-demand area:, 2. get experience in the private sector:, 3. start your own business:, is a ph.d. in psychology worth it for you – my final thoughts, frequently asked questions answered, 1. what is the best age to do a ph.d. in psychology degree, 2. how hard is it to get into a ph.d. in psychology degree program, 3. is the gre required for those wishing to pursue a ph.d. in psychology degree, 4. do i need work experience to get into a ph.d. in psychology degree program, 5. what is the minimum gpa to get into a ph.d. in psychology degree program, 6. can i get into a ph.d. in psychology degree program with a low gpa, 7. are online ph.d. in psychology degree programs worth it, 8. are scholarships and grants available for ph.d. in psychology degree programs, 9. can ph.d. in psychology, students have a life, 10. can i work part-time and successfully complete the ph.d. in psychology degree program, 11. can i work full-time and successfully complete the ph.d. in psychology degree program, 12. do students fail in ph.d. in psychology degree programs, 13. will i ever regret getting a ph.d. in psychology degree, 14. how much does a ph.d. in psychology graduate make per hour, 16. will ph.d. in psychology graduates be paid less in the future, 17. are all ph.d. in psychology graduates successful in their careers, 18. are ph.d. in psychology graduates happy with their jobs, 19. can ph.d. in psychology degree holders become rich, 20. what are some ph.d. in psychology degree alternatives, 21. can i get a ph.d. in psychology without a masters in psychology, 22. what is the difference between a ph.d. in psychology and a psyd.

• Best Online Programs
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• Behavior Psychology
• Clinical Psychology
• Counseling & Mental Health
• Developmental Psychology
• Educational Psychology
• Forensic Psychology
• General Psychology
• Health Psychology
• Industrial/Organizational
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• Social Psychology
• Social Work
• Educational Psychologist
• Forensic Psychologist
• Clinical Psychologist
• Family Psychologists
• Marriage Family Therapist
• School Psychologist
• Social Psychologist
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• I/O Psychologist
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• Addiction Counselor
• Mental Health Psychologist
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• Child Psychiatrist
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• West Virginia
• PsyD vs PhD

8 Reasons Why You Should Get Your Doctorate in Psychology

Are you thinking about going back to school to get your doctorate in psychology? Earning your Ph.D. or PsyD can be an excellent way to improve your career and salary prospects. Below are some of the best reasons to consider earning this prestigious degree.

#1 You Want To Be An Academic

Earning your bachelor’s degree and even a master’s degree in psychology is not enough to get you the best-paying jobs in academia. If you want to be a full-time psychology professor at most universities, you must earn your doctorate in psychology.

Many students want to get their doctorate and work in academia so they can teach students at the bachelor’s and master’s levels. Being a full-time professor provides a good salary, benefits, and job security.

Others want to perform research at universities and obtain research grants from public and private entities.

#2 You Want To Be a Researcher

Many Ph.D. students in psychology yearn to become a research psychologist. In this field, you have the chance to study a variety of complex psychological issues and treatments and come up with new solutions.

Many doctoral degree holders are employed by the government or non-profit groups to discover new treatments for mental health conditions. Others focus on discovering innovative ways to teach certain populations of students.

Research psychology is also a good path if you want your original research published in peer-reviewed journals, such as The Journal of Psychology and Cognition and The Journal of Psychology and Psychotherapy.

#3 You Have Your Master’s Degree

Students interested in a psychology career can do little with a bachelor’s degree alone. Practicing as a counseling or clinical psychologist requires at least a master’s degree. However, to work independently, you must have a doctoral degree.

Most psychology students eventually earn their master’s degree, which means you are just one of many who have their graduate degree. But a lot fewer students earn their doctoral degree.

Doctoral programs are more selective and difficult. You can make yourself stand out from other psychology students with your Ph.D. or PsyD.

#4 You Want To Specialize

Some master’s programs allow you to specialize in a branch of psychology. But obtaining your doctorate in psychology allows you to focus even more on that specialization so you can become an expert and authority in the field. Some of the most popular doctoral specializations are:

• Neuropsychology
• Engineering psychology
• Sports psychology
• Forensic psychology
• Developmental psychology
• Educational psychology
• Health psychology
• Human factors psychology
• School psychology
• Social psychology
• Abnormal psychology

#5 You Want to Work in Private Clinical Practice

You can work as a clinical psychologist with a master’s degree, but you must be supervised by a Ph.D. in the field. While this may be a satisfactory arrangement for some time, many professionals want to eventually start their own private practice.

#6 You Want To Understand a Psychology Subject Better

If you want to become a subject matter expert on a subject in psychology, getting your Ph.D. may allow you to conduct in-depth research in that area.

For example, if you want to understand better how the brain solves problems, or how some drugs can affect depression or bipolar disorder, doctoral study will allow you to do years of research in those areas. You may even decide to write your dissertation on the subject.

#7 You Want to Help Other People

You can counsel others with a master’s degree. But having your psychology doctoral degree means another four to six years of experience and study. You can provide more in-depth help to your patients with a Ph.D. or PsyD.

SEE ALSO: Is it Worth It to Get a PsyD in Psychology?

#8 You Want to Make More Money

The Bureau of Labor Statistics (BLS) states that the top earners in the field make at least $130,000 per year. Most of them have a doctoral degree and many years of work experience.

You also will qualify for more jobs with a doctoral degree. APA’s Workforce Studies found that 72% of surveyed psychologists with a doctorate got their top choice for work after they graduated.

What the Experts Say

We checked with experts on Quora.com about this question: “Is it worth it to get a Ph.D. in psychology?”

• “If you enjoy research, by all means, look into the possibility of pursuing the Ph.D., which will open many career avenues even before graduation. The field of psychology is rapidly following the study into biological and genetic factors behind mental illness and is the wave of the future. This opens up many new areas of research that you may become a part of.” – Mike King, MA in Politics, MS in Psychology, Minor in Management .
• “It depends on what you mean by “worth it.” If you don’t mind working hard for a finite number of years in order to have great flexibility in where you work (VA, academia, private practice, mental hospital, community mental health, the federal prison system, etc.) and what you do (therapy, assessment, administration, supervision, teaching, research, etc.), then yes, it’s worth it.” – Valerie Leake, Psychologist, Therapist .
• “A Ph.D. in psychology is centrally about doing research and getting it published. Do you feel comfortable doing research? Do you aspire to become a professor of psychology? Is there any domain in psychology that you have a special passion for? If your responses to these questions are all “yes”, then go ahead [and get your Ph.D.]. – Jimmy Zhong, Student, Ph.D. in Psychology .
• “I found it useful. I was able to teach undergraduate and graduate classes at three different universities. I worked as a school psychologist/diagnostician and earned a good salary. It was six years of hard work past my undergraduate degree, but I think it was worth it.” – Rondeall Bizzell, Ph.D. in Psychology .

Earning your doctoral degree in psychology provides you with many job opportunities and a shot at earning a top salary in the field. It is a worthy educational goal that can “result a high level of personal and professional satisfaction.

• Psychology PhD Overview. Accessed at http://www.teachingeducpsych.org/psychology-phd.html
• Is a Doctorate in Psychology Worth It? Accessed at https://www.alliant.edu/blog/doctorate-psychology-it-worth-it
• Doctoral Degree in Psychology. Accessed at https://www.apa.org/gradpsych/2012/11/right-path

The best answers to “Why do you want to do a PhD?”

If you are interviewing for a PhD position, chances are high that you will be asked about your motivation to do a PhD. And sometimes, simple questions are the hardest to answer. Therefore, it is smart to prepare an excellent response to this question in advance.

Creating your unique answer to “Why do you want to do a PhD?”

Reasons to do a PhD are as diverse as PhD topics and PhD programmes: there is no one-size-fits-all approach.

While this diversity is a good thing, the lack of clarity on what a good answer to the question “Why do you want to do a PhD?” constitutes, makes it particularly daunting.

And indeed, this question should not be taken lightly:

A convincing response during a PhD application interview increases your chance of securing the position: it clarifies your ambition and can leave a memorable impression.

To impress your interviewers with an answer, preparation is key. The first step is to reflect on your personal ‘why’:

Write down everything that comes to your mind. Your notes could include words like “ curiosity” , and short sentences such as “ to be able to become a professor in the future” but also honest reflections such as “ I want to be able to call myself Dr”.

The next step is to sort your notes, select the answers you want to highlight, and frame your response.

The following categories are some of the best to frame your unique answer to the question:

• scientific curiosity
• societal or environmental ambitions
• self-development
• (academic) career prospects.

You may also like: The best answers to “Where do you see yourself in 5 years?”

Doing a PhD to satisfy your scientific curiosity

Curiosity is one of the key qualities of successful postgraduate students . Hence, answers to “Why do you want to do a PhD?” that centre around ambitions to satisfy your scientific curiosity are usually appreciated during PhD interviews.

There are different ways to emphasise your scientific curiosity. For instance, you could explain how a specific topic caught your interest. For example by reading the work of a specific scholar, following a course, or listening to a talk.

You could also mention previous research that you did (for instance in a bachelor’s or master’s thesis), which aroused your curiosity to dig deeper and find out more.

For all answers framed by scientific curiosity, make sure to highlight a lack of knowledge and open questions that you would like to answer by doing a PhD. And don’t just say “ I find it interesting “. Be concrete!

Doing a PhD because of your societal or environmental ambitions

Many people connect their answers to “Why do you want to do a PhD?” to societal or environmental ambitions. And for a reason: These answers can be very powerful!

Societal ambitions could be, for instance, to eradicate a specific infectious disease, combat child poverty or increase female participation in the labour market. Environmental ambitions could be, for instance, to reduce CO2 emissions, tackle plastic pollution or protect an endangered species.

When you are preparing your unique response, and want to connect it to societal or environmental ambitions, make sure to provide some details and make it personal.

You can, for instance, tell a short personal story about why you find something important. Did you have a life-changing experience? Or do you maybe know someone who has been affected by a societal shortcoming?

Doing a PhD for self-development

If you are motivated to do a PhD because of societal or environmental ambitions, good for you. But if you don’t, there is also no need to worry!

You don’t need to have ambitions to save the world or win a Nobel prize as a prerequisite to doing a PhD. There is nothing wrong with answering the question “Why do you want to do a PhD?” by focusing on yourself.

On the contrary, openness and a drive to improve yourself and learn new skills are highly valued by PhD supervisors. Thus, self-development can be another good framework for your answer.

You can emphasise your ambition for self-development by mentioning specific things you want to learn, or skills you want to acquire or improve. Create a short backstory with a rationale. In that way, your interviewers will easily understand what you want to develop and why you think a PhD programme is a right place to do so.

Doing a PhD to improve your (academic) career prospects

Another legitimate reason for wanting to do a PhD is your professional goals. These goals can involve a career within academia, or outside of academia. (Both have valid advantages and disadvantages .)

Ambitions to work within academia are more straightforward to explain. For example, in most cases, you simply need a PhD to secure a lecturer position or professorship.

If you don’t have ambitions to climb the academic ladder, but still think that doing a PhD will improve your career prospects, please go ahead! Just make sure to sufficiently substantiate your reasons, as your interviewer may not be familiar with, for instance, certain job requirements outside of academia.

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Is a PhD in psychology worth it?

UQ people Published 5 Jan, 2023  ·  5-minute read

Psychological research is a fascinating field of study that can have a big impact on the way people think, feel and react. If you’re interested in a career in this field, you may be thinking about pursuing a PhD in psychology.

A PhD degree in psychology can help you hone your research skills, pinpoint the research area you’re passionate about and create a solid foundation for a fulfilling career in this industry.

We chatted to UQ PhD candidate Natalie Craig about her experiences studying a Doctor of Philosophy , what inspired her to choose a psychology research topic, and why a PhD in psychology is worth it, from her perspective.

Learn more about studying a PhD at UQ .

What can you research with a PhD in psychology?

There are seemingly endless avenues to explore when it comes to choosing a PhD topic with a focus on psychological research. As long as you can secure a PhD supervisor and funding, you can pursue your research passions in psychology with a Doctor of Philosophy.

You may wish to explore research topics in:

• cognitive neuroscience
• basic perceptual and cognitive processes
• higher cognitive processes (such as decision-making)
• human development
• social psychology
• organisational behaviour
• health psychology
• clinical psychology.

Natalie’s PhD topic focuses on trauma recovery research.

“My PhD topic is about understanding how our social relationships influence how we recover from trauma,” she says.

“My thesis is particularly focused on those who have survived natural disasters.”

Natalie recently won UQ’s School of Psychology Three Minute Thesis competition and is hoping to continue making waves with her research.

“The best possible outcome for my PhD is firstly to better understand how our social relationships influence recovery from trauma, so that we can use this information to begin adapting programs focused on harnessing and enhancing social connections after a traumatic event,” she says.

“Ideally, these programs could then be delivered in the wake of a traumatic event at scale, using the resources of the community.”

Many communities in Australia are still dealing with the tragic after-effects of natural disasters such as floods and bushfires, making Natalie’s research more important than ever. She's passionate about using it to create positive and lasting change.

“Overall, the ultimate goal of all of this is to help subvert people away from developing post-traumatic stress disorder (PTSD), and instead move them towards post-traumatic growth.”  

This potential to make a real difference in people's lives is a huge motivator for many PhD candidates and a large part of what makes a PhD in psychology worth pursuing.

What is a Doctor of Philosophy in psychology? And how does it differ from a Doctor of Psychology?

When studying a Doctor of Philosophy (PhD) with a topic focused on psychology, you’re undergoing in-depth, independent research in an area of your choosing for the duration of your program. A Doctor of Psychology , on the other hand, is a program for those whose interests lie largely in clinical psychology. It involves specialist placements and coursework as well as a research component.

Who can do a PhD in psychology?

Despite what many people may think, you don’t need to study psychology at an undergraduate level to pursue a PhD in the same area.

Natalie’s passion for psychology didn’t develop until her career in public relations was already in full swing.

After completing a Bachelor of Communications, Public Relations and Journalism in 2009, she undertook several communications and PR roles, progressing into management and working with high-profile brands. Despite her success, however, she felt as though something was missing in her day-to-day work.

“I became quite disillusioned with the public relations industry in that it didn’t feel like I was contributing towards something that was truly meaningful to me,” she explains.

Natalie is quick to point out that incredible work is done in PR by a range of very talented individuals, but for her, the sense of fulfilment wasn’t quite there.

“I felt that my skills, ability, and passion could be better used to help people improve their lives,” she says.

Natalie decided to pursue postgraduate education in psychology, completing 2 graduate diplomas before applying for her PhD at UQ. Her research topic was inspired by a natural curiosity.

“I’ve always been drawn towards understanding why people do what they do, and why some people seem to thrive after a traumatic event while others struggle to overcome their traumatic experience(s),” she says.

“Understanding what this mechanism is that puts people on a trajectory towards post-traumatic growth is what has led me to be where I am today, pursuing my particular research question.”

A personally fulfilling career trajectory and impactful research outcomes are not the only things Natalie hopes to get out of her PhD.

Overall, I think my PhD will benefit me in terms of developing confidence and competence across a variety of domains.

During her PhD studies, Natalie has improved her:

• research expertise and knowledge
• project-management skills
• public speaking
• collaboration skills.

“I’ve also enhanced my understanding of a variety of topics outside of my specific research question,” she says.

“In addition to this, I’ve met some really amazing people and have made some wonderful friendships and connections that I’m sure will remain in my life long after my PhD has ended.”

After her PhD, Natalie hopes to secure a postdoctoral position at UQ, so she can continue to build upon her current research.

“Ideally, I'd like to create interventions that focus on the principles of how our social relationships influence recovery from trauma,” she says.

"I also hope to do my Master of Clinical Psychology here at UQ, so I can work with a population of trauma survivors in a clinical and hands-on capacity (as well as in a research capacity).”

For Natalie, a psychology PhD has opened doors to a new career path where she can pursue her passion for research and find meaning in her work.

Why study your PhD in psychology at UQ?

So, what’s unique about studying your PhD degree in psychology at UQ?

“I chose UQ because it has one of the best schools of psychology in the country and also has a solid standing globally,” says Natalie.

“The School of Psychology here at UQ is a large one with a lot of resources and therefore a lot of capacity for support and opportunity, both as a HDR student and also in terms of future career prospects.”

Ready to follow your passion for research with a PhD in psychology?

Learn more about studying a PhD at UQ

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Should You Pursue a Psychology Doctorate?

Questions to help you decide, and how to make the most of a psy.d. or ph.d..

Posted January 23, 2021 | Reviewed by Ekua Hagan

Especially in a weak job market, it’s tempting to go back to school, including all the way to a doctorate. That may be especially so in clinical psychology specialties, in which an oversupply of job candidates allows employers to ratchet-up hiring requirements. If only because a doctorate is a quite unassailable hiring criterion, it’s often used.

If your aim is private practice, a doctorate may be less helpful in getting clients. While some prospective clients will be swayed by those letters next to your name, being referred by friends, your competence displayed in an initial phone call and sessions, and, alas, marketing may be more central.

Increased employability is, of course, but one factor to consider before committing the time and money to a doctorate.

Should you do it?

Yes, most people should consider the extent to which your employability would improve. If you’re currently employed, would a doctorate get you a significant promotion and raise? How much do you care about those? If you’re unemployed, a doctorate will improve your employability but also important will be whether you’ve made the most of the program. (See this article's final section.)

It’s not all about utility. Do you think you’d enjoy the doctoral education experience, even if the first year or so will be partly or completely virtual? It’s a mistake to decide based on your past college experience, especially if it’s been a while since you’ve been in school.

On the upside, you’re likely more mature and have had more life experience onto which to hang academic learning. On the downside, many older students, even if just in their 30s, find it harder to learn and retain, in part just because they may have family, job, and other activities that take time away from studying.

So, rather than look backward, project forward into the years you’d be in graduate school. What’s your guess as to how much benefit and pleasure you’d derive from the process?

Consider the opportunity cost. If you didn’t spend the time and money on graduate school, what would be a wise use of those years and funds: self-study, apprenticing, doing your current job well, and networking to increase the chances of a more interesting career ?

Choosing where to apply

First, decide whether to go for a Ph.D. or a Psy.D. The Ph.D. of course is better known if only because it’s been around longer. That also contributes to the Ph.D. being seen by the public as more prestigious. In fact, the key differentiator between Ph.D. and Psy.D. is that the Ph.D. focuses on preparing researchers while the Psy.D. prepares practitioners. Of course, many people with Ph.D.s also practice but if your goal is to be a practitioner, all factors equal, consider trading the sizzle of the Ph.D. for the steak of the Psy.D.

Of course, all Ph.D. programs nor Psy.D. programs are alike. For example, each has a primary orientation, perhaps psychodynamic, behavioral, or physiological. Individual professors may be expert in anything from autism to zoophilia.

It’s usually wise to pick a tentative specialty before or during the process of investigating where to apply. Of course, that will ensure that you apply to schools with strength in your prospective specialization. But it will also enhance your admissibility. Most programs get many more applicants than they admit, and a key selection criterion is the extent of fit between the program's strengths and the student's desires. So if you can articulate your being a particularly good fit, your admissibility will improve.

Tip: In reviewing prospective programs, if you find a professor with a specialty of interest, read one of his or her not-technical articles, and if you continue to be intrigued by the specialty, the professor, and the overall program, write an email to the professor explaining that. Ask if you might chat during office hours to discuss the program.

At such a discussion, if it goes well, you might even say that if admitted, you'd welcome becoming that professor’s advisee or even research assistant. Many professors crave acolytes, if only because they provide free or cheap labor on their research projects. That could result in the professor recommending you be admitted.

Which school?

Among programs that admitted you, how well-suited is it to you, ideologically and geographically. Most graduates end up getting a job in that locale, so you may be there longer than just your school years. How good is the financial aid offer? What do external reviews say about the program? GraduatePrograms.com seems to have the most student ratings.

And then there's the prestige factor. Alas, we live in a designer-label society. So "Harvard" will open more career doors than No-Name State even if the latter's program is excellent and better-suited.

Making the most of the program

Your advisor is key. Perhaps as important as the professor's specialization is his or her desire and ability to mentor you and to open career doors for you. If you're not happy with your advisor, change — usually the earlier the better so there's less resentment and more time to bond with your new advisor. Try to establish a relationship with one or more other faculty members: During office hours and via email, ask thoughtful academic and career questions.

Adapt the assigned papers and projects to suit your career goal and personal interests. Usually, the professor will grant your request if it is well reasoned. And select topics for your oral and written exams and dissertation with the same care.

Fieldwork is key if you're aiming toward a clinical rather than research career. If you don't like the placement or supervisor, request a new one. Sometimes, you can even search out and propose a great fit placement that you've unearthed.

The takeaway

In a crowded field like psychology, success typically requires differentiation from the crowd. A doctorate in which you've made career-building choices can be that differentiator.

I read this aloud on YouTube.

The other articles in this series on making major life decisions can be found here.

Marty Nemko, Ph.D ., is a career and personal coach based in Oakland, California, and the author of 10 books.

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Applying to study for a PhD in psychology

Course description

Course content, course reviews.

Are you a psychology student or graduate? Are you interested in studying for a PhD at some future point? Do you want to learn more about PhD study in the UK? Do you know how to apply?

This free OpenLearn course is about studying for a PhD in psychology. Even if you have met PhD students and heard about their projects, it’s likely that you have only a vague idea of what PhD study entails. In this course, you’ll learn how it differs from other study options.

In Session 1 you will obtain more information and do self-assessment activities to decide whether doing a PhD is the next step for you.

If you decide that you’re ready for PhD study, you can use Session 2 to help you apply. This session provides more guidance on application processes. It gives advice on writing a research proposal, approaching prospective supervisors and preparing for an interview.

Course learning outcomes

After studying this course, you should be able to:

• understand what studying for a PhD in Psychology entails, and the main differences from study on taught courses like a BSc or MSc in psychology
• understand the qualifications, skills and interests required for PhD study
• make an informed decision about whether to undertake PhD study in the future
• understand the procedure for applying to do a PhD in psychology
• identify PhD study opportunities
• begin to develop a strong proposal that can be part of an application to a university and/or prospective supervisor(s).

First Published: 15/11/2021

Updated: 15/11/2021

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How Long Does It Take to Get a PhD in Psychology?

Kendra Cherry, MS, is a psychosocial rehabilitation specialist, psychology educator, and author of the "Everything Psychology Book."

Emily is a board-certified science editor who has worked with top digital publishing brands like Voices for Biodiversity, Study.com, GoodTherapy, Vox, and Verywell.

Ariel Skelley/Getty Images 

• How Long Will It Take?

Before You Earn PhD in Psychology

Which type of degree should you get, can you finish your degree early.

Just how long does it take to get a PhD in psychology? The answer can vary depending on your program, educational background, and academic schedule. In general, most PhD psychology programs take anywhere from five to seven years to complete.

Learning more about what it takes to get a doctorate in psychology can help you better plan your educational and career journey.

At a Glance

Getting a PhD in psychology can take several years of graduate study. If you are thinking about becoming a psychologist, research your degree options to figure out what type of degree you need and how long it will take to enter your chosen profession. No matter what you decide, plan to spend anywhere from three to seven years in graduate school to earn a doctorate.

How Long Will It Take to Get a Doctorate Degree?

How long it takes to get a doctorate in psychology depends on various factors, including the type of degree you have selected, your educational background, and the individual doctorate program in which you have enrolled.

Most doctorate programs in psychology take between four to seven years to complete.

PhD in Psychology

Most PhD programs require at least five to seven years to complete. These programs often follow a scientist-practitioner model that trains professionals both in research and clinical practice.

In addition to regular coursework, you may also be expected to complete an internship or supervised residency. The program usually culminates in completing an original research project or dissertation.

PsyD Degree

Most PsyD programs require between four to six years to complete. A PsyD is a degree designed to train professionals to apply psychological knowledge to treating and helping people in real-world settings.

According to the American Psychological Association, PsyD programs focus more on applying psychological science, usually in the form of service.  

Most EdD programs require between three to five years to complete. EdD programs are often focused on psychology, counseling, or counselor education. They explore topics that involve both education and psychology.

It is important to note that many applicants to EdD programs already hold a master's degree in a related field. This differs from applicants to PhD and PsyD programs, who often begin their program of study with a bachelor's degree.

Before you begin your academic journey, it is a good idea to look at just how long it will take you to complete your degree. The amount of time it will take can depend upon various factors, including:

• Your chosen specialty area
• The program you select
• The course load you can take each semester

A doctorate-level degree in psychology is required to work in many job areas, including as a licensed clinical psychologist or counseling psychologist. According to the American Psychological Association, a doctorate degree is also often required in fields such as school psychology or health psychology .

So how long does it take to get a PhD in Psychology ? First, it is essential to realize that the degree requirements can vary depending on the field that you decide to pursue. A PhD, or Doctor of Philosophy degree is not necessarily your only option. In some cases, you might want also to consider the PsyD (Doctor of Psychology) or the EdD (Doctor of Education) degree options.

The PhD, PsyD, and EdD are all great options, but don't let how long it takes to complete be the primary deciding factor. Before you decide to get a doctorate degree, start by deciding which type of degree is most suited to your professional goals.

If you want to conduct research:

A PhD in Psychology tends to focus on a research-based model of education. People with a PhD in Psychology are qualified for a wide range of teaching, research, and clinical positions in colleges, universities, hospitals, government offices, and private mental health practices.

If you want to treat mental health issues:

The PsyD degree option generally focuses on a practitioner-based model of education. Individuals with a PsyD degree can also teach or conduct psychology research, but they frequently work in applied settings to provide direct mental health services.

If you want to apply psychology to help students:

Finally, there is also a third doctorate option that you might also want to consider depending on your career goals. If you are interested in working as a school psychologist or in a related educational field, the EdD, or Doctor of Education, is a possible option.

Despite the years of work, earning your PhD, PsyD, or EdD can be well worth the effort. The U.S. Bureau of Labor Statistics suggests that workers with a doctoral or education specialist degree in clinical, counseling, and school psychology will find the strongest job opportunities.

Generally, if you have a strong background in psychology and have completed all of the necessary prerequisites, you can finish your doctorate sooner than students who have not taken the prerequisite courses.

Carefully planning your degree can also help ensure you complete the program requirements quickly.

Be sure you have a clear idea of what you want to do with your psychology degree once you've completed it. Do you want to teach, or is research more appealing to you? Are you interested in seeing clients, or are you planning to combine your training in psychology with another field, such as law or medicine?

If you need help deciding, make an important with an academic advisor at your school. They can help you explore your options and answer any questions you may have.

What This Means For You

No matter the degree you decide to pursue, earning a doctorate in psychology requires a significant investment of time, money, and effort. Because of this, it is essential to carefully consider your goals before deciding on a graduate program. You should also think about whether you need a doctorate or if a master's might be more appropriate.

Gee DG, DeYoung KA, McLaughlin KA, et al. Training the next generation of clinical psychological scientists: A data-driven call to action .  Annu Rev Clin Psychol . 2022;18:43-70. doi:10.1146/annurev-clinpsy-081219-092500

Loyola University. Can I get my Psy.D. without a Master's in Psychology?

American Psychological Association. Doctoral degrees in psychology: How are they different, or not so different ?

Franklin University. Is getting a Doctorate in Education worth it?

American Psychological Association. Frequently asked questions about graduate school .

Bureau of Labor Statistics. Psychologists . Occupational Outlook Handbook .

Carr, A. Clinical Psychology: An Introduction . London: Routledge; 2012.

Kuther, TL. The Psychology Major's Handbook . Boston, MA: Cengage Learning; 2016.

By Kendra Cherry, MSEd Kendra Cherry, MS, is a psychosocial rehabilitation specialist, psychology educator, and author of the "Everything Psychology Book."

PhD Admissions

The PhD program in Psychology trains students for careers in research and teaching. In addition to a wide range of courses, the PhD program is characterized by close collaboration between students and their faculty advisors. 

General Information

The Department of Psychology holistically reviews each candidate's complete application to assess the promise of a career in teaching and research. Consideration is based on various factors, including courses taken, grade point average, letters of recommendation, and the statement of purpose. Additionally, the Department of Psychology places considerable emphasis on research training, and admitted students have often been involved in independent research as undergraduate students or post-baccalaureate settings. Although there are no course requirements for admission, all applicants should have sufficient foundational knowledge and research experience to engage in graduate-level coursework and research.

We accept students with undergraduate degrees and those with both undergraduate and master's degrees. An undergraduate psychology major is not required; the Department welcomes applicants from other academic backgrounds.

Our application portal is now closed for the AY24-25 admissions cycle.  Please consider applying during next year's AY25-26 admissions cycle, which opens on September 15, 2024.

How to Apply

Application and deadline.

Our 2025-26 Admissions application will open on September 15, 2024.

Applications will be due on November 30, 2024

The deadline for letters of recommendation will be  November 30, 2024 . 

Once an applicant submits the recommenders' information, the recommenders will receive an automated email with instructions for submitting the letter. Late letters should be sent directly to psych-admissions [at] stanford.edu (psych-admissions[at]stanford[dot]edu) . Staff will add them to the application file if the review process is still underway. Still, the faculty reviewers are not obligated to re-review files for materials submitted after the deadline.

The status of submitted applications can be viewed by logging in to the   application portal . 

The deadline to apply for the Stanford Psychology Ph.D. program is  November 30, 2024 . 

Applicants who are admitted to the program will matriculate in autumn 2025. 

In addition to the information below, please review the  Graduate Admissions  website prior to starting your application. The Department of Psychology does not have rolling admissions. We admit for the Autumn term only.

Requirements

• U.S. Bachelor's degree or its  foreign equivalent
• Statement of Purpose (submitted electronically as part of the graduate application). You will be able to specify three  Psychology Department faculty members , in order of preference, with whom you would like to work. 
• Three  Letters of Recommendation  (submitted electronically). A maximum of six letters will be accepted.
• Unofficial transcripts from all universities and colleges you have attended for at least one year must be uploaded to the graduate application. Applicants who reach the interview stage will be asked to provide official transcripts as well; Department staff will reach out to these applicants with instructions for submitting official transcripts. Please do  not  submit official transcripts with your initial application.
• Required for non-native English speakers: TOEFL (Test of English as a Foreign Language) scores, submitted by the Educational Testing Service (ETS) electronically to Stanford. 

Application Fee

The fee to apply for graduate study at Stanford is $125. Fee waivers are available for some applicants. Please visit Graduate Admissions for information on applying for an  Application Fee Waiver .

Application Review & Status Check

The Department of Psychology welcomes graduate applications from individuals with a broad range of life experiences, perspectives, and backgrounds who would contribute to our community of scholars. The review of applications is holistic and individualized, considering each applicant’s academic record and accomplishments, letters of recommendation, and admissions essays to understand how an applicant’s life experiences have shaped their past and potential contributions to their field.

To check the status or activity of your application, please log into your  application account . You can also send reminders to recommenders who have not yet submitted their letter of recommendation.

Due to limited bandwidth, the Department of Psychology staff will not answer any phone or email queries about application status, including requests to confirm the receipt of official transcripts.

Our faculty will interview prospective students before making final admission decisions. Candidates who progress to the interview round will be informed in January. Interviews are generally conducted in February.

The Department of Psychology recognizes that the Supreme Court issued a ruling in June 2023 about the consideration of certain types of demographic information as part of an admission review. All applications submitted during upcoming application cycles will be reviewed in conformance with that decision.

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Please see our  list of Frequently Asked Questions  and  psych-admissions [at] stanford.edu (contact us)  should you have additional questions.

Sociology and Criminology

Lexi bibbs: rooted in iowa and studying crime in a new ph. d. program.

Lexi Bibbs says that she is very local, born and raised in Cedar Rapids, Iowa. In school growing up, she was active in mock trial, show choir, musical theatre, regular theatre, dance, gymnastics, and cheerleading. “It was a lot,” she says. While it is hard for her to find time to perform as an adult in college, “I still sing in the car,” she laughs.

Criminology was not her first career plan. Aptitude tests in school all suggested the same two careers for her: actress or coroner. She went to science camp and considered studying medicine. Trying to understand violent crime intrigued her as she watched “Criminal Minds” on TV.

Lexi studied psychology and criminology at the University of Northern Iowa but wanted to do something investigative. She wanted to study violent crime. She took the LSAT and qualified for law school but that didn’t feel right, and she took time off to become a 911 emergency dispatcher for Cedar Rapids. She enjoyed the job, but the environment wasn’t good for her, alone in a dark room hearing people at their worst and never knowing what happened to them. She missed being around people and took a job in the Cedar Rapids Library but still missed school. Her family often joked that she would be in school for life. She says that while many people can never imagine going back to school, “I can never imagine leaving it.”

Graduate programs in psychology weren’t the right fit. She wanted to understand psychology but specifically to investigate criminal behavior. Then she chanced upon the new Criminology PhD program right down the road in Iowa City. “It was everything I wanted in one place,” she says. The program covers research in crime, law, and social control, and having sociology in the department helps too.

The emergency dispatcher job gave her the idea for a current research project on resilience. One young man called in to calmly describe how he stabbed his father after an argument. Another person called for help finding the access panel to their attic. People respond so differently to the events in their lives. Why do some people recover from childhood trauma that ruins the lives of others from similar backgrounds? A combination of underlying tendencies and a triggering event could explain it.

Lexi says that she loves everything about the new criminology program and the professors she has come to know. Meg Rogers became more like a friend as they worked together teaching undergraduate classes. James Wo challenged her to conduct independent research and write her first real research paper. Alison Bianchi motivated her to develop a research grant proposal. “It has been terrifying and great,” she says. 

Lexi Bibbs has discovered that becoming a professor is the best way to never leave school.

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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

• How do different public housing programs affect the children who live there? 
• Does a certain type of law encourage businesses to innovate? 
• How will a change in the interest rate affect inflation and unemployment rates? 
• How much does affordable health insurance improve people’s health? 
• How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

• Coursework Appendix

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

You may also be interested in: AEA: Resources for Students

PREDOC: Guidance for Undergraduates

RA Positions-Not at the NBER

Disclaimer The views expressed in this post are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).

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