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MAE Application FAQ

Admissions

What is your application deadline date?

The deadline for the Master’s Program is January 15th.

Do you have rolling admissions?

Only for dual degree applicants. All other applicants must apply by the January 15th deadline.

Do you accept students for the Winter term?

We only admit for Fall term.

How much is the application fee?

United States citizens and those with permanent resident visa status, $75; Non-U.S. citizens,
$90; Current Rackham students, regardless of citizenship, $10. This fee is non-refundable and subject to change. Applications submitted without the fee will be withdrawn from the review process. If you believe you qualify for a fee waiver, instructions may be found here: Application Fee Waiver Information.  

Application fee information is found on the Rackham Graduate School site

What are your tuition rates?

Tuition rates are posted through the Registrar’s Office.

Do you offer funding for MAE students?

Although the Department of Economics is not currently offering funding for Master’s students, there are departments on campus who have identified potential funding opportunities. The Office of Financial Aid provides information regarding the cost of attendance and potential funding sources. Included on their site is a link to the Rackham Graduate School. Where you’ll find opportunities exclusively for graduate students.

Additionally, there are employment opportunities at the university to research.The Student Employment Office lists student employment available on campus.And, students may find Graduate Student Instructor and Graduate Student Staff Assistant positions by visiting individual departmental websites to determine if there are open postings. To begin that search, start by visiting Academic Human Resources.

Do international applicants need to complete financial certification?

International students who are nominated for admission will be contacted by Rackham Graduate School to submit financial certification in order for the University of Michigan to prepare the I‐20. If you have been awarded financial aid by the University, the department will verify that information with Rackham Graduate School.

Can I submit letters of recommendation online?

Yes.

Process for submitting letters of recommendation

Recommendation letters should be submitted by undergraduate teachers or others in a position to evaluate the applicants' potential for graduate study. Please do not send paper recommendations.

What are the minimum requirements for admission to the MAE Program?

Completion of a bachelor’s degree from a U.S. college or university accredited by a regional accrediting association; or Completion of an international degree that is equivalent to a U.S. bachelor’s degree from a college or university recognized and approved by the Ministry of Education or Commission responsible for higher education in the country where the degree is earned. (see Required Academic Credentials from Non-U.S. Institutions).

Minimum degree requirements are set by Rackham Graduate School.  Information can be found here.

Is work/internship experience a requirement for admission?

We do not have a work or internship experience requirement for admission, however we encourage applicants to include work and internship experiences as part of their application for review as it helps provide the admission committee with a fuller picture of the applicant's background.

How can I best prepare for applying to the MAE program?

It is recommended that you have intermediate micro- and macro-economics and a strong math/calculus background to be successful in the MAE program.

I completed a 3-Year Bachelor's Degree in India, am I eligible to apply?

Rackham Graduate School's minimum requirement for an applicant who has completed a three-year bachelor's degree in India is to have also been awarded a master's degree from an institution that is recognized by the Indian Association of Universities to grant degrees. If you have a master's degree that meets that criteria then you are eligible to apply. If it does not, you can not submit an application. Holders of a three-year Bachelor’s degree are not considered eligible for graduate study at the Rackham Graduate School.

More information about required academic credentials from non-U.S. institutions can be found here.

How can I verify whether supporting documents have arrived?

You can check Wolverine Access to determine if supporting documents have been received. You may also utilize the offline chat on the Rackham website.

Scores and Testing Requirements

Must applicants submit a GRE score for admission?

All applicants are required to submit a valid, official score report of the GRE; the GRE is valid for five years. The institution code for the University of Michigan is 1839. There is no department code. Do not send a paper copy of your score report; any received will be discarded.

What are the average GRE scores of incoming students?

The MAE Program does not have a minimum requirement for GRE scores, however the average GRE scores of incoming students over the past two academic years are:

Quantitative: 166

Verbal: 152

The MAE Program puts strong emphasis on applicant performance on the quantitative portion of the GRE.

Will you accept the GMAT in lieu of the GRE?

We will not accept substitutions. The GRE is required.

How do you handle multiple GRE scores?

We accept all scores sent in by the applicant.  The highest scores attained on each section (quantitative, qualitative, writing) will be used for review.

Must international applicants submit a TOEFL/IELTS score for admission?

The TOEFL is valid for two years; Rackham Graduate School waives the TOEFL requirement for any applicant who is a non‐native English speaker who has earned a degree or will have earned a degree from an English‐speaking institution before entering our MAE program. More information can be found here.

Is there a minimum TOEFL/IELTS score requirement?

In accordance with Rackham Graduate School, our minimum requirements on the two exams are as follows:

  • IBT TOEFL: 84
  • Paper/Pencil TOEFL & TWE: 560
  • IELTS: 6.5

TOEFL scores should be sent institution code 1839.  

IELTS scores should be mailed directly to Rackham Graduate School.

More information can be found here.

Is there a minimum GPA requirement?

While a minimum GPA is not required, approximately 98% of the applicants offered admission to Rackham Graduate School have a greater than 2.80 (on a 4.00 scale) undergraduate grade point average.

What is the average GPA of incoming students?

The average GPA of incoming students is 3.47 on a 4.00 scale.

General FAQs

How many students attend the MAE Program?

Approximately 45-50 students enroll in the program each Fall term.

Can I combine the MAE degree with another Masters or Certificate program?

It is possible to apply to two programs. You do need to complete two separate applications, submit two application fees and a complete set of supporting documents to both programs, however if you are admitted into both the programs you can enroll into one of the programs only.

You would add a degree or certificate in the next term from when you started your MAE degree, details on the dual degree application process can be found here. You should contact the other degree or certificate program to find out additional details about pursuing their degree.

What research opportunities are available for MAE students?

It is rare for MAE students to hold Research Assistant positions within the Department of Economics due to the number of PhD-level students who seek and fill these opportunities.  In many cases, students actively seek research opportunities on their own by building relationships with faculty within and outside the Department of Economics.

What employment opportunities are available for MAE students?

MAE students can seek on campus employment in a variety of places.

In the Department of Economics MAE students have the opportunity to work as exam proctors.  Additionally, some students serve as exam graders for economics faculty.

International students should check with the International Center regarding I-20 employment stipulations.

Is an internship required as part of the MAE Program?

No, an internship is not required as part of the MAE Program, however the program makes every effort to communicate internship opportunities to students throughout the year.  The program encourages students to seek internships as they provide beneficial, hands-on experience.

International Students who seek an internship, must apply for CPT and register for RACKHAM 998 to receive 1 credit toward their MAE degree.

How many student apply to the MAE Program each year?

Approximately 350-400 applications are received by the MAE Admission Committee each year.

How long do students take to complete the MAE Program?

The average time to completion is 3 semesters, however the program can be completed in 2 or 4 semesters depending on the students' needs and if a course plan is approved in advance.

What are the class sizes?

Master’s level Econ class sizes vary. Core courses may have approximately 70-80 students while non-core courses will have fewer students.

What percentage of students are international?

Approximately 90% of our incoming class each year are international, representing a variety of countries.  This is a direct reflection of our applicant pool, which is predominately composed of non-U.S. Citizens.

What percentage of students are female?

Approximately 51% of our incoming class each year are women.

Question not answered above or by Rackham Graduate School

Email Econ-MAEProgram@umich.edu.