Industrial Economics at UEA has been a major home for PhD training for more than two decades. Our aim has always been to produce doctoral students whose research attains the highest academic level while at the same time having real world - especially competition policy - relevance. Have we been successful? How many PhDs have we produced in Industrial Organisation (IO), and what happens to them after they leave UEA? The facts, over just the last decade, speak for themselves.
- A PhD in Industrial Economics at UEA offers very bright career prospects: all 24 students who have graduated in the last decade have gained employment on or before graduation.
- Just over 40% stay in academic life: these are now working mainly in UK Universities, but some return to their home countries and some join academic research institutes
- The remainder have gone on to jobs practising as competition economists, either in competition agencies/economic regulators, or in economic consultancies usually specialising in competition economics. Examples of such public agencies/regulators include those based in the UK (e.g. CMA and, previously, both the OFT and CC) and those based abroad (e.g. the European Commission, OECD and FCC). Examples of economic consultancies include, amongst other household names, RBB, KPMG, Deloitte, CRA and AlixPartners. For employers in competition economics, we provide a well known and valuable source of new talent.
- Worldwide reputation: the geographic origin of our students reveals a healthy spread: 42% from the UK, 27% from other countries within the EU, and 30% from outside the EU. Like any good football team, a significant number with home-country knowledge and experience, but well-supplemented by the experiences and perspectives brought by colleagues from other countries. This very much reflects the international nature of competition policy.
Numbers and Destinations of IO PhD economists graduating from UEA
|Year of Graduations||2006-2016||In Progress*|
|Career Destinations (%)|
Note. These numbers refer to all Industrial Economics students associated with the Centre for Competition Policy (CCP) : all but 4 were registered in ECO. They have worked alongside a similar number of other students in CCP doing PhDs in competition policy within the disciplines of Law, Management Science or Politics.
The Applied Econometrics and Finance Research Group within the School of Economics at UEA has been home to more than 20 PhD students in the past decade. A number of these have specialised in the areas of Financial Econometrics and Labour Economics. The remainder are best classified as working in the general area of Applied Econometrics.
17 of the above-mentioned students have now completed their PhDs and moved on to promising careers. A significant number of these (10) have moved into academic posts in the UK, with at least three progressing to senior positions in UK Economics Departments. Three have returned to academic positions within their home countries (Malaysia, Nigeria, and Ghana). The remaining four have taken positions as analysts for private- or public-sector organisations (Aviva, UK; Presidion, Ireland; ING Wholesale Banking, Hong Kong; Inland Revenue, Malaysia). What is very clear from this information on destinations is that all of our PhD graduates are making very good use of the skills they developed while working for their PhD’s and are continuing to develop these skills and thereby enhancing their career success.
UEA has been at the forefront of research in behavioural and experimental economics since the pioneering era of the 1980s. The first UEA research student to specialise in this field (Chris Starmer, now Professor of Experimental Economics at the University of Nottingham) completed his PhD thesis in 1993. As this area of economics has developed, the demand for well-trained PhD students has steadily increased, and our graduating students have continued to find good jobs. In the last ten years, 22 research students have completed PhD theses in behavioural and experimental economics at UEA. Immediately after graduation, five took up postdoctoral research posts, for example at the Max Planck Institute in Jena, Germany and the Economic Science Institute at Chapman University, USA. Fourteen moved to Lecturer/ Assistant Professor positions at universities in the UK, Italy and Taiwan. The remaining three took jobs as professional economists in banking and investment management in Hong Kong, the Philippines and Germany. Currently, nine PhD students are specialising in behavioural and experimental economics.