personal statement of economics

7 Economics Personal Statement Examples | With Analysis

What makes a great personal statement?

How do you improve your chances of achieving a university offer in economics?

In this post I will give some personal statement examples and discuss what the best economics personal statements do well.

Key features that great personal statements share

Disclaimers, evolution of economics personal statements, what makes a great economics personal statement, key features that great personal statements share: a reminder, lots of supercurricular activities, personal insights about such activities, demonstrate key skills, a well written essay, more economics personal statement advice, latest posts.

This diagram shows my summary of what makes a great economics personal statement. Based on my experience as an economics tutor and economics personal statement examples, here are four qualities that make personal statements stand out.

I explore these categories further below and in my ultimate economics personal statement guide.

For my ultimate economics personal statement guide, check out the link below:

Firstly, here is a list of ten economics personal statement examples available online.

Also below, there is analysis of what makes a great economics personal statement.

To learn how to improve your economics personal statement, check out the link below by clicking the blue button:

I cannot guarantee that the personal statements linked above achieved the university offers claimed on those pages. Nor can I claim that each statement is 100% perfect.

By linking to these sites, I do not endorse any of the sites linked above.

You should not copy any part of the personal statements above. Doing so is plagiarism and can lead to the disqualification of your university application. Instead learn from the techniques and kinds of things mentioned in their statements. See specifically the rest of this article for what we can learn from these personal statements.

A proportion of the samples above are relatively old (five to ten years ago or more).

For some universities the personal statement is more important for applications. Consider for example LSE and UCL, top universities where there are no admissions tests or interviews.

We can look at more recently written and publicly available personal statements.

Based on these, here are some observable trends in recent years among the best performing economics personal statements:

• More supercurriculars relative to the above personal statements.
• More reference to undergraduate-level economic theory. This can show further reading and an ability to potentially do well in the undergraduate course.

In this section I am drawing on my experience as a tutor about what makes a great personal statement. I am also using the available online examples of economics personal statements and the criteria listed by the top UK universities.

Such statements are by no means always perfect, yet they show the qualities and skills that allow students to attend the best universities.

These examples allow us to analyse what makes a great personal statement and also where students often go wrong with personal statements.

As a reminder, here are the four features of great economics personal statements mentioned above:

• Lots of supercurriculars
• Highlighting key skills
• Personal takeaways

Here is a breakdown of these categories:

What activities have you completed, outside of class, that relate to economics? Have you read a book, entered an economics-related competition, or watched an economics lecture? These are examples of supercurricular activities. I consider these a key focus for the best personal statements and I discuss these further in my economics personal statement ebook. These show your motivation to study economics which will be critical if you want to study the subject for three years at university.

For more on supercurricular activities, click the link here:

These are what I refer to as “personal takeaways” later in this guide. What did you learn from the supercurricular activity? Detail is very important, both for showing a high level of understanding and also to convince the person reading your statement that you actually completed the activity. This should go beyond just recalling the activity – maybe there is something you learnt from this activity or something you read that you disagreed with. We discuss how to write about personal takeaways in the ebook.

For more information about how to use supercurricular activities in your statement, including how to generate personal insights, click this button below:

Obviously you should try to show academic ability in economics and motivation to study economics. But what other skills are useful to show in a personal statement? 

While there are many skills that could potentially be useful, I draw your attention for now to two key skills: Ability in mathematics and independent study (including research). Evidence from supercurricular activities that you have these skills will help convince admissions staff. Moreover these skills will help you in the economics course.

What constitutes a “well written essay”? 

Your personal statement should be well structured, with effective links between ideas and paragraphs. The grammar should be completely correct, that is  there should be no mistakes. 

Finally consider your vocabulary – can you embed economics-related terminology into your personal statement? You can use a thesaurus but do so with caution – sometimes it is obvious where a thesaurus has been used (and often the new word used does not make sense in that context!).

For more economics personal statement tips or for economics university application advice, check out the link below:

For A-level Economics resources, click the link here:

• 14 Practice Papers for A Level Economics 2024
• 1.4.2 Government failure
• 11 Practice Questions in style of Edexcel Economics Paper 2
• 25 Practice Questions in style of Edexcel Economics Paper 1
• 22 Real World Examples for Microeconomics 2024

About the author

Helping economics students online since 2015. Previously an economist, I now provide economics resources on tfurber.com and tutor A Level Economics students. Read more about me here .

Sample Economics Personal Statement (admitted to Oxford, Cambridge, LSE)

by Talha Omer, MBA, M.Eng., Harvard & Cornell Grad

In personal statement samples by field.

The following personal statement is written by an applicant who got accepted to top graduate programs in economics. Variations of this personal statement got accepted at Oxford, Cambridge, and LSE. Read this essay to get inspiration and understand what a top economics school PS should look like.

You might also be interested in reading this Statement of Purpose in Economics  that got admitted to Harvard, Yale and Princeton.

Sample Personal Statement Economics

“Flick…chuggachuggachuggaa…puttt-putttt-puutttttt…rizzzz…”

The sounds coming from near the doorway may have startled an outsider but were barely noticed by the people lounging on charpoys and mooras (wicker stools). With the atmosphere abuzz with their chatter, the sputtering sound of the diesel generator lent more time to catch up as the bulbs lit up and fans whirred on throughout the haveli (palace) on an otherwise hot evening. But on days when it refused to crackle, my grandmother would enkindle gas lanterns filling the veranda with hissing sounds and soothing moonlight rays.

I still cherish these memories from my childhood trips to XYZ, my native village, some 450kms from the closest city. At the time, the short sojourns from Kuwait felt rather adventurous. However, the perspective turned wrong when I permanently moved to XYZ. Due to unannounced electricity breakdowns, we would find ourselves groping in the dark to the closest candle stand while sweating in the scorching summer.

And just when we thought it couldn’t get worse, the occasional power breakdowns segued into a full-blown crisis of the decade. Over the next seven years, we witnessed unprecedented power outages averaging 15-18 hours daily. People weren’t just lamenting the loss of mental peace; they were mourning the monetary losses worth billions of rupees translating into 1.5% of GDP.

Fast forward 15 years, and I found myself in a position to alleviate the situation. As Deputy Administrative Head of the Government’s Economic Affairs division, I administer a departmental budget worth $500 million. I am currently undertaking solarization projects. A recent shift towards renewables has occurred after public unrest during the early decade led to hasty investments in thermal-based power plants. Unfortunately, seven years later, we are still reeling from the aftermath of a bitter public backlash as we have the lowest regional electricity consumption per capita.

In addition to high tariffs, the energy sector has been marred by the accumulation of circular debt of $30 billion. This has been caused by multiple factors, such as electricity theft, transmission losses, and non-payment of dues. Having worked in Economic Affairs Division, I have also been part of a team that took massive power sector reforms, including:

• elimination of subsidies
• policy formulation on electricity theft and conservation 
• overhaul of sectoral regulatory bodies
• privatization of distribution companies et al.

However, as the Program ended, so did the reforms.

Regrettably, negative externalities from these energy woes have had spillover effects on all socio-economic sectors. The environment has especially poorly been affected by the process for the lack of an integrated generation and transmission policy framework in the renewable industry. Being a lower riparian state has also exacerbated climate change. We face extreme weather conditions – floods, droughts, smog, and diminishing water tables. Unable to agree on water issues not covered under the Indus Water Treaty has led to regular skirmishes and legal battles in the International Court of Justice.

Given the background, my country’s economic and Energy woes require a holistic understanding of the subject. This makes Economic policy specializing in Energy the right choice for my graduate studies. Furthermore, I can become an effective leader and economist in the sector through the interdisciplinary pedagogical approach covering policy, economics, management, law; practical skills; quantitative and qualitative analysis within an international context.

My aim is socio-economic development in tandem with confidence-building measures and strategic partnerships with the neighboring countries. Studying at Oxford will provide this learning opportunity in and out of the class as I will interact with some of the most brilliant minds worldwide and work in teams with them. I also look forward to student-led events, conferences, guest lectures, field trips, and panel discussions to augment my understanding of supranational political demands. This will help me lead economic policy reforms for the next 25 years.

WANT MORE AMAZING ARTICLES ON GRAD SCHOOL PERSONAL STATEMENTS?

• 100+ Outstanding Examples of Personal Statements
• The Ultimate Guide to Writing a Winning Personal Statement
• Common Pitfalls to Avoid in Your Personal Statement
• Writing a Killer Opening Paragraph for Your Personal Statement
• Ideal Length for a Graduate School Personal Statement
• 100 Inspiring Quotes to Jumpstart Your Personal Statement

Sample Personal Statement for Masters in International Business

Sample Personal Statement for Masters in International Business My journey began amidst the kaleidoscope of Qatar's landscapes, setting the stage for a life attuned to cultural nuances. Transitioning to Riyadh in my teens, I absorbed a mosaic of traditions, sparking a...

Sample Personal Statement for Family Medicine Residency

Personal Statement Prompt: A personal letter is required. We are looking for mature, enthusiastic physicians who bring with them a broad range of life experiences, are committed to providing excellent patient care, and can embrace the depth and breadth of experiences...

[2024] 4 Law School Personal Statement Examples from Top Programs

In this article, I will discuss 4 law school personal statement samples. These statements have been written by successful applicants who gained admission to prestigious US Law schools like Yale, Harvard, and Stanford. The purpose of these examples is to demonstrate...

Sample Personal Statement Cybersecurity

In this article, I will be providing a sample grad school personal statement in the field of cybersecurity. This sample was written by an applicant who got admitted into George Mason, Northeastern and Arizona State University. This example aims to show how prospective...

100+ Grad School Personal Statement Examples

Introduction Importance of a Strong Personal Statement A personal statement is essential in the graduate school application process, as it plays a significant role in shaping the admissions committee's perception of you. In fact, a survey conducted by the Council of...

WANT AMAZING ARTICLES ON GRAD SCHOOL PERSONAL STATEMENTS?

• 100+ Personal Statement Templates

How to Write an Economics Personal Statement

Many students are unsure of how to write an Economics personal statement as they haven’t written one before. Starting your personal statement can be daunting, but you are not alone! We are here to give some pointers for students wishing to study Economics at university, particularly those applying to UK universities via UCAS. We have separated the process into three stages – research, writing and editing.

What to Research for your Economics Personal Statement

What to include in your economics personal statement, how to edit your economics personal statement, research your economics courses.

Research is vital for writing your Economics personal statement. First, you should have good knowledge of the Economics courses you are applying to. How does the university describe the Economics course (e.g. how Mathematical is it?). What content does the course include? Will your interested area in Economics be taught in the course?

Research Advice on How to Write an Economics Personal Statement

Second, you may want to read Economics personal statement examples from past applicants. This will give you some information what a good Economics personal statement includes, and what you should aim for. It is also good to look up any advice on writing personal statements. For example, this article you are reading! LSE also provides some general advice to writing any personal statement.

Research Which Aspect of Economics you are Interested in

Finally, you should research into the topic in Economics that you are interested in, which we will discuss more below. Google Scholar is a great way of searching for academic papers/essays regarding a specific Economics topic you want to learn more about. Another option may be to look through any suggested texts/reading for the university course you are applying to – does any topic in particular catch your eye? Finally, our article on Economics books to read for your personal statement may also help.

An Economics personal statement consist of many different components, and we explain the reason behind including each one in the sections below.

Area of Interest in Economics

In your statement, more than half of it should be used to show academic interest for a key topic/theme in Economics. The topic can be an extension to A-Level/IB syllabus that is slightly more advanced, or it can be something that will be explored further at degree level. This shows your understanding of Economics, and is a good opportunity to impress the admissions tutor with your enthusiasm. Remember – if you are interested in studying Economics, you should be self-motivated to learn more than what you are required to! Ideally, the topic/theme should also be tied to your personal reason to study the subject. This will make your interest more genuine, consistent and convincing. Have a specific topic in mind? Ask us about it !

Your Opinion on Economics

It is all well and good to explain what aspect of Economics you are interested in. However, that is not enough – admissions tutors would want to know your opinion on the issue/concept you discussed. They want to understand if have processed and understood what you have learnt, rather than just regurgitating it. It also demonstrates your ability to think and evaluate about a topic in Economics critically, showing independence of thought.

Motivation to Study Economics

Of course, you need to specify why you wish to study your subject in your statement. It is important to figure out a good reason here that is relevant to you personally, in order to stand out. Avoid generic reasons like ‘I wish to study Economics to understand the world better’ or ‘I wish to study Economics as my father works in finance’. Think deeper – what is it that is uniquely different about your environment, or what you experienced, that causes you to be interested about Economics?

Interest in Mathematics

For most, if not all Economics courses, there is a large amount of Mathematics involved. This is because Economics pursues a more scientific approach via Mathematical Modelling and Econometrics at higher levels of study. Hence, it is important for you to demonstrate your interest in Mathematics, and the use of it within Economics. You can reduce emphasis in this component if the course you are applying for involves less Mathematical modules.

Extra-curricular activities

It is important to include some extra-curricular activities relating to Economics, as it demonstrates your interest in the subject outside of your studies. Ideally this can relate to your area of interest in Economics and your motivation to study the subject. The activities can range from anything such as reading books on Economics , attending Economics events, to having a related work experience. If you want to include any experiences not relevant to Economics to show what you are like as a person, that is certainly acceptable, but should be less than 25% of your statement. Ask our Economics admissions advisor a free question below if you would like to know more about the various activities, and how to write about them.

Please enable JavaScript in your browser to complete this form. Ask Wilfred a Free Question on GCE, IB or GCSE Economics * Email * We will answer your question by email and send you relevant notes/materials for your Economics course. Email Ask

After a first draft, it is important for you to get someone to review your Economics personal statement. This can help give you an objective perspective on what others think. Show it to your careers advisor at school, your Economics teacher, your Economics classmates, maybe even parents/siblings that have gone through a similar process. Of course, those who have more exposure to the subject may be a bit more helpful, like someone who applied for an Economics degree a few years ago. If you need professional, personalized advice on your Economics personal statement, you can reach out to our qualified admissions advisor for suggestions. After receiving feedback, you can edit your personal statement accordingly, taking into account each reader’s unique perspectives. You will then have to compare the suggestions and decide which parts/sentences to keep, change or remove. After many changes/edits your personal statement will finally be concise, unique and polished enough for submission!

You may also like

UK BSc. Economics Entry Requirements – 2020 Entry

Are you choosing which UK university BSc. Economics course to apply to? The table below shows BSc. Economics entry requirements for GCE […]

Economics Books to Read for Personal Statement

Need suggestions on Economics books to read for your personal statement? In fact, most students applying for a BSc. Economics degree course […]

How Much Maths is in Economics at University Level?

Many students hesitate about studying Economics at university level because they are worried about the amount of mathematics involved. This article aims […]

Economics Personal Statement Example

Applying to study a UK BSc. Economics degree but not sure how to approach your UCAS Economics personal statement? On this page, […]

Leave a comment Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

• Applying to Uni
• Apprenticeships
• Health & Relationships
• Money & Finance

Personal Statements

• Postgraduate
• U.S Universities

University Interviews

• Vocational Qualifications
• Accommodation
• ​​​​​​​Budgeting, Money & Finance
• ​​​​​​​Health & Relationships
• ​​​​​​​Jobs & Careers
• ​​​​​​​Socialising

Studying Abroad

• ​​​​​​​Studying & Revision
• ​​​​​​​Technology
• ​​​​​​​University & College Admissions

Guide to GCSE Results Day

Finding a job after school or college

Retaking GCSEs

In this section

Choosing GCSE Subjects

Post-GCSE Options

GCSE Work Experience

GCSE Revision Tips

Why take an Apprenticeship?

Applying for an Apprenticeship

Apprenticeships Interviews

Apprenticeship Wage

Engineering Apprenticeships

What is an Apprenticeship?

Choosing an Apprenticeship

Real Life Apprentices

Degree Apprenticeships

Higher Apprenticeships

A Level Results Day 2024

AS Levels 2024

Clearing Guide 2024

Applying to University

SQA Results Day Guide 2024

BTEC Results Day Guide

Vocational Qualifications Guide

Sixth Form or College

International Baccalaureate

Post 18 options

Finding a Job

Should I take a Gap Year?

Travel Planning

Volunteering

Gap Year Guide

Gap Year Blogs

Applying to Oxbridge

Applying to US Universities

Choosing a Degree

Choosing a University or College

Personal Statement Editing and Review Service

Guide to Freshers' Week

Student Guides

Student Cooking

Student Blogs

Top Rated Personal Statements

Personal Statement Examples

Writing Your Personal Statement

Postgraduate Personal Statements

International Student Personal Statements

Gap Year Personal Statements

Personal Statement Length Checker

Personal Statement Examples By University

Personal Statement Changes 2025

Personal Statement Template

Job Interviews

Types of Postgraduate Course

Writing a Postgraduate Personal Statement

Postgraduate Funding

Postgraduate Study

Internships

Choosing A College

Ivy League Universities

Common App Essay Examples

Universal College Application Guide

How To Write A College Admissions Essay

College Rankings

Admissions Tests

Fees & Funding

Scholarships

Budgeting For College

Online Degree

Platinum Express Editing and Review Service

Gold Editing and Review Service

Silver Express Editing and Review Service

UCAS Personal Statement Editing and Review Service

Oxbridge Personal Statement Editing and Review Service

Postgraduate Personal Statement Editing and Review Service

You are here

Economics & statistics personal statement example.

Living in a time of immense economic uncertainty has sparked my curiosity to explain the rationale of consumers, firms and governments.

The severity of vast global problems, from financial crisis to poverty, has also attracted me to Economics: a subject relevant now more than ever to the prosperity of all societies. I want to complement this with a fluency in Mathematics, to lay sound foundations for analysing economies and financial markets.

Due to my growing interest, I am teaching myself Economics A-level in my gap year, alongside Further Mathematics, to explore the quantitative methods which make economic theory more rigorous.

The logic and ingenuity of Mathematics in solving problems strongly appeals to me, and I thoroughly enjoy learning new and applicable concepts. I am particularly keen to study Statistics, as it can clarify economic phenomena by deriving and testing models with data.

During my internship at Brevan Howard Asset Management, I saw its practical importance in asset and risk evaluation, which has become so prominent with the recent financial crisis. I even related it to my Mathematics A-level, as Gaussian distributions are assumed in stochastic models for asset pricing. Curious to learn more, I read Taleb's 'The Black Swan'.

Seeing how models may fail to predict rare and devastating events has compelled me to learn how Statistics evolves to provide more accurate analysis in volatile markets. Moreover, the synergy of economic and financial principles in trading decisions has made me excited to study them with quantitative techniques.

An approach to Economics that intrigues me is game theory and I relish its mathematical elegance and usefulness. I am fascinated by the incentives and strategies of firms, and curious as to whether these produce optimal payoffs in reality due to bounded and biased rationality.

Researching these ubiquitous concepts has made me passionate to analyse strategic choice in markets, to better grasp the logic of the economic decisions around us.

I have pursued my interest in current economic affairs by reading Paul Krugman's online blog. My curiosity has driven me to question the Keynesian policies he advocates and the contrasting fiscal austerity widely implemented today.

Attending the LSE public lecture on UNCTAD fuelled my fascination with inequality, absorbing for its role in the Eurozone crisis and in poverty - evidence of the diversity of economic problems.

From Sen's 'Development as Freedom', I realised that the issues underlying poverty, like income inequality and capability deprivation, are multidimensional and must be tackled with political, social and economic principles.

I practised this at school through Model UN, where I researched, analysed and constructed logical arguments for growth and development, winning prizes at international summits. This strengthened my enthusiasm and skills for learning how economic policies can solve global problems.

My gap year internships will complement my study with a strong awareness of Economics in society. At Griffins' Insolvency Practitioners I will see the practical sides of business, finance and accounting and the effect of the lack of credit and economic growth on firms.

At the think tank 'Reform' I will assess government policies and their impact on the public sector and the wider economy. Contributing my research to papers for publication will require the analytical and essay-writing skills I gained from my A-levels, as well as communication and organisation skills I honed in positions of responsibility at school.

I hope to transfer these skills to my degree and to clubs and societies at university. Playing county tennis and teaching myself classical guitar also gives me a work-life balance.

Through my exciting internships and motivated self-study, I have been committed to engaging with Economics and Mathematics both in theory and in practice, to deepen my passion and skills for these subjects in preparation for my degree.

Profile info

This personal statement was written by zzXragXzz for application in 2013.

zzXragXzz's university choices Cambridge University University College London

Green : offer made Red : no offer made

zzXragXzz's Comments

It is quite tough to write a good/authentic personal statement but I tried my best. Don't think that you need to write about as many books as I did, I feel like I had to since I had never had an economics lesson before and wanted to adequately show my passion for the subject. My number 1 piece of advice is to keep your personal statement PERSONAL. This is something that requires a fair bit of thought and introspection which you must not be afraid to do, otherwise the PS will look and feel a bit lifeless, like my first PS did when I applied the first time around and got many rejections.

This time I applied to Cambridge econ, LSE econ and UCL (3 separate econ related courses). Despite my perfect academic record, I was actually rejected by UCL econ, and that too the day before my Cambridge interview! This actually went very well indeed, but there was one maths/game theory problem I struggled on, and I was placed in the pool and later rejected. So do keep in mind that no matter how good your grades and your PS and your reference are, nothing is guaranteed. I was devastated after UCL rejected me, since I thought there wasn't a hope in hell that Cambridge or LSE would give me an offer, but luckily LSE did and I'm starting there this year (2013). So try not to be too disheartened if you receive a rejection: it happens to all of us at some stage in life. The important thing is to learn from it, pick yourself up and keep working away. The university you attend will not by itself determine the trajectory of your life, and remember, the tough part of university is not getting in, but getting out with a good degree.

Would be happy to help anyone with their PS or interview preparation, just email me at rahulsugand at hotmail.com (please use @ instead of 'at', this is just to make sure no one spams my email address!). I only ask that students in the current admissions cycle email me for help. If you are not in the process of writing a personal statement or preparing for interview, please wait till you have applied before emailing me for advice. Best of luck!

Related Personal Statements

Add new comment.

• Oxbridge Law 24/25 Entry
• Non-Oxbridge Law 24/25 Entry
• Oxford PPE 24/25 Entry
• Oxbridge Economics 24/25 Entry
• Oxbridge Modern Languages 24/25 Entry
• Cambridge Land Economy 24/25 Entry
• Oxbridge Psychology 24/25 Entry
• Oxbridge English 24/25 Entry
• Oxford Human Sciences 24/25 Entry
• Oxbridge History 24/25 Entry
• Oxbridge Geography 24/25 Entry
• Cambridge Philosophy 24/25 Entry
• Oxbridge Classics 24/25 Entry
• Cambridge Architecture 24/25 Entry
• Cambridge HSPS Programme 24/25 Entry
• Oxbridge Medicine 24/25 Entry
• Oxford Biomedical Sciences 24/25 Entry
• Oxbridge Engineering 24/25 Entry
• Cambridge Natural Science 24/25 Entry
• Oxbridge Maths 24/25 Entry
• Oxbridge Computer Science 24/25 Entry
• Oxford Physics 24/25 Entry
• Oxford PPL 24/25 Entry
• Cambridge Veterinary Science 24/25 Entry
• Oxford Chemistry 24/25 Entry
• Oxford Biology 24/25 Entry
• Oxford Biochemistry 24/25 Entry
• Non-Oxbridge Medicine 24/25 Entry
• Non-Oxbridge Dentistry 24/25 Entry
• IMAT Medicine 24/25 Entry
• Can’t Find Your Subject?
• Law Interview Programme
• PPE Interview Programme
• Economics Interview Programme
• Oxbridge Medicine Interview Programme
• Natural Science Interview Programme
• Engineering Interview Programme
• Maths Interview Programme
• Dentistry Interview Programme
• Medicine MMI Interview Programme
• Our Guarantee

Our Students

Student Success Stories

• University Access Scheme
• New Tutor Application Form
• Frequently Asked Questions
• How Does It Work?

Enrol before the 17th May and get 4 hours of A-Level tutoring. Book your consultation here.

Students who enrol on a Programme before the 17th May will get 4 hours of A-Level tutoring as a complimentary addition. Begin by booking your consultation here.

• +44 (0) 208 068 0438
• [email protected]

SCIENCE PROGRAMMES (25/26 ENTRY)

HUMANITIES PROGRAMMES (25/26 ENTRY)

GET STARTED

Can't find your subject?

OXFORD TESTS (25/26 ENTRY)

CAMBRIDGE TESTS (25/26 ENTRY)

MEDICINE TESTS (25/26 ENTRY)

View Our Free admissions guides & resources

How UniAdmissions Cracked The Oxbridge Formula

Applying for Oxbridge is an opportunity seldom approached correctly. So how do you enter the top 16% of a strong cohort of applicants that get an offer? Discover how UniAdmissions get 2/3 of our students in.

How To Stay Motivated During Your A-Level Exams

With A-level exam season in full swing, we've put together 6 useful tips and tricks to stay motivated and achieve those expected grades.

Inside The UniAdmissions Portal: The UA Advantage

UniAdmissions students have access to the world's first dedicated Oxbridge admissions preparation platform, and this guide will help you discover exactly how the Portal will help you get your offer.

Discover all guides

ABOUT UNIADMISSIONS

Learn about who the world's first Oxbridge prep school are.

Learn about the Portal; the heart of our Programmes.

UniAdmissions' Foundation

The Foundation is our charitable arm to support disadvantaged students.

Students & Tutors

Discover who a UniAdmissions student is and our admissions criteria.

Learn about our high-performing Oxbridge tutors.

We're proud of our alumni. Read about their journey with UniAdmissions here.

Admissions Resources

Free Admissions Guides

Visit our Learning Centre and read our in-depth free guides.

We are the world's biggest Oxbridge application publisher. Learn more here.

Teachers Learning Hub

Learn about how to help your students get their place at Oxbridge.

Get Started

• Access Student Portal
• Oxbridge Programmes
• Open Day Webinar
• Tutor Application Form
• Common Questions
• Download Our Prospectus
• Successful Personal Statement For Economics & Management At Oxford

Last Updated: 22nd April 2020

Author: Adi Sen

Table of Contents

Welcome to our popular Personal Statement series where we present a successful Personal Statement, and our Oxbridge Tutors provide their feedback on it. 

Today, we are looking through an Economics and Managment applicant’s Personal Statement that helped secure a place at Oxford University. The Economics and Management Course at Oxford examines issues central to the world we live in: namely how the economy and organisations function, and how resources are allocated and coordinated to achieve the organisation’s objectives.

Read on to see how this candidate managed to navigate the many disciplines of E&M. 

Here’s a breakdown of the Personal Statement:

SUCCESSFUL?

The universities this candidate applied to were the following:

Enrolling on our Oxford Economics & Management comprehensive Programme will help you perfect your Personal Statement.

Welcome to UniAdmissions, the world’s first Oxbridge preparatory school with an Oxbridge success rate of 57% and with over 500+ UniAdmissions students placed at Oxford and Cambridge.

Performing well in the TSA is crucial for your application. Our Economics Premium Programme prepares you to score highly through one-to-one tuition sessions, intensive courses, and more.

Economics and Management Personal Statement

Economics is the study of now. I view it as the study of the psychology of the people who dictate our lives. The world around us is shaped by the fundamental concept of supply and demand, wants and needs, goods and services. What grips me is that everything I have studied I can apply to real life. Discussions about inflation, for example, are so applicable since its current status is active in the world of pricing; the price of a Big Mac and “Burgernomics” is something to which I can relate from my travels.

The statistical aspect of economic analysis is closely linked to my interest in Mathematics, thus I will take an Econometric route on option modules. This scientific approach to what is otherwise a field-based solely on individual theories and concepts interests me, as I find quantitative analysis much more accurate and reliable than qualitative theories. As an example, I relish analysing more Econometric models on the A-level Course: like Profit Maximisation calculations.

Despite this, Economics intertwines both Maths and Philosophy on a regular basis. I recently read an article from the Guardian by George Monbiot, which discussed the cost-benefit analysis model and whether nature could be quantified as a tangible asset, and how this would benefit neo-liberals in their perpetual quest for profit. This is just an example of how Econometric analysis does not always deliver such verisimilitude where the figures given are ambiguous. This is what is unique about Economics: there is no right answer to the question ‘Is there a right answer?’ The concept of there being methods of analysing the psychology of and nature behind the way that the interface between consumers and producers operates seems to exceed all other subjects in terms of interest.

I find it peculiar that a subject that has such a ubiquitous undercurrent in our society is so undefined and obscure; it is undoubtedly this which draws me to it. Consequently, I strive to keep up with Economics in the modern world by reading the “I” and “Guardian” newspapers, and “The Economist” magazine regularly. For wider background reading I have read Marx’s “Communist Manifesto”, Tim Hartford’s “The Undercover Economist” and “Too Big To Fail” by Andrew Ross Sorkin.

Sorkin’s book provided a gripping, in-depth insight into the world of investment banking and entrepreneurship – I finished the book in a matter of days. His book has inspired me to enter the investment sector. Upon graduation I would like to become an investment banker or negotiator, hence I am in the process of trying to arrange some work experience with the London Metal Exchange.

I completed a programme of work experience with Linden Homes this summer, through the Career Academy Programme on which I am enrolled. It was a six-week internship during which I gained a firm understanding of a construction company’s place within the national economy. I enjoyed spending valuable time in a variety of departments within the firm. I also have work experience planned in Belgium in 2013.

Additionally, I participate in a multitude of extracurricular activities. My team and I finished second in the national UMPH Business Competition; in Year 11 my team set the school record for the Enterprise Day Challenge and for three consecutive years my team won the Grimsby Inter-School Quiz without loss. Furthermore, I am part of both the Franklin College Debating Team and the weekly “Blue Sky Club”, where students meet to discuss current affairs.

Recently, a particular subject of interest has been the US election. We frequently discuss the debates and the candidates, covering subjects like their political viewpoints and how it will affect both our lives and those of the American public – plus the potential Economic ramifications of the possible outcomes. With a genuine zeal for the subject and an ability to relate my studies to the real world, I am convinced that I will thoroughly thrive at degree level Economics.

Access "The Big Book Of Oxbridge Applications" For FREE

Your Personal Statement is only one step in your Oxford E&M application, so discover everything you need to know in The Big Book Of Oxbridge Applications , available for free here! Through over 350 pages , you will find:

• 28 example Oxbridge Personal Statements
• Over 40 admissions test practice questions
• Interviews with Oxbridge students and graduates
• Additional downloadable resources

Fill in your details below to claim your digital copy today!

Good Points Of The Personal Statement

The student gives a good insight into their academic interests and what’s inspired them to develop over time. They also demonstrate a passion for the subject, not only by stating their interest in it but by further explaining what interests them and why they would make a good candidate to study it at university. The student is already accomplished and explains well what they’ve gained from their various extra-curricular activities.

Bad Points Of The Personal Statement

The writing is weak and, at points, unnatural. The forced interjections of examples and unusual adjectives make it read like a student attempting to write a formal and formulaic exam essay. They would do better to write in their usual style, even if it is somewhat informal; this will allow them to better express themselves and they will come across as more interesting to those reading it. More importantly than this, however, at times, the student fails to keep up their otherwise good level of detail, and the writing becomes list-like.

This is particularly prominent when they discuss books they’ve read to develop their understanding of economics. Although they expand on one of these, they do so in little detail. Interviewers are unlikely to be impressed by simply mentioning that you’ve read a book – any student applying for degree-level economics is able to read The Communist Manifesto, for instance – but they will be impressed by your response to it and what you gained from the experience of reading it. Unless you expand on these details, a list of books you’ve read does nothing to contribute to the statement.

UniAdmissions Overall Score:

This statement is strong, except where it discusses academic work. The detail here was likely sacrificed in favour of expanding further on their extra-curricular activities and their particular areas of interest. However, they have limited discussion of their study of various classic economic works so severely that it fails to add anything to the piece. The statement would, therefore, benefit from a more balanced approach to the various areas of the student’s life.

We give this Economics Personal Statement a 4/5 as they have clearly projected their passion for the subject onto paper – the most important part of a strong Personal Statement – albeit this was at the cost of other factors that should have been covered in more depth.

And there we have it – an Oxford E&M Personal Statement with feedback from our expert tutors. 

Remember, at Oxford, the Admissions Tutors are often the people who will be teaching you for the next few years, so you need to appeal directly to them.

Our Free Personal Statement Resources page is filled with even more successful personal statements and expert guides.

Our expert tutors are on hand to help you craft the perfect Personal Statement for your Oxford E&M application.

With our  Oxbridge Economics Premium Programme we help you craft the perfect Personal   Statement , achieve a highly competitive TSA score and teach you how to  Interview effectively.

Discover our  Oxbridge Economics Premium Programme  by  clicking the button below to  enrol and triple your chances of success.

UniAdmissions students placed at Oxford And Cambridge

Continue learning about Oxbridge...

The best oxbridge colleges for international applicants.

Applying to Oxford or Cambridge from outside the UK is a tough process, especially when considering how competitive it is.…

Oxford Announces Biomedical Sciences Admissions Test (BMSAT)

Oxford is actioning various changes to its admissions testing process, including the introduction of a new admissions test for Biomedical…

Weird and Wonderful Oxford & Cambridge Interview Questions

Oxbridge interviews are known for being tough and sometimes a little bit intimidating. However, although the admissions tutors are highly…

Oxford Acceptance Rates 2023 – The Definitive Guide

As you may know, the University of Oxford is one of the hardest universities to get into in the world.…

AI Writing & UCAS Personal Statements: What You Need To Know

When it comes to writing in the 2020s, AI-Generation has become one of the most important issues for many industries,…

Cambridge Announces The ESAT To Replace The NSAA & ENGAA

In 2023, it was announced by the University of Cambridge that many of their established admissions tests would stop being…

The Secrets to Oxbridge Admission.

• We cracked the Oxbridge formula . Find out what we discovered here.
• Looking for application support? Don't work with a random tutor. This is what you need to know first.
• Get up-to-date Oxbridge advice with our webinars. Follow our Open Days led by our experts and stay updated.
• Begin your Oxbridge journey with UniAdmissions through our programmes of support by clicking here.

New Oxbridge Admissions Tests Explained!

How much do you know about the admissions tests changes for this application cycle? Join us this 1st of June at 2 pm and learn everything you need to know to prepare effectively with the new updates on the ESAT, TMUA & BMSAT .

How would you like to speak to an Admissions Consultant?

Undergraduate Personal Statement Example: Economics

With so many university personal statement examples available, how do you know if you’re reading a good one?  

After all, personal statement examples can teach you how to write and structure your application, and you can quickly learn how to write a personal statement by examining others.

Reading examples of personal statements can be valuable when applying to a university or college course. But what exactly should they contain?

Undergraduate personal statements should highlight relevant academic and practical experience, academic skills, ambitions and suitability for the degree field. This undergraduate personal statement example for Economics clearly illustrates these three critical elements.

Undergraduate degree personal statement examples are sometimes referred to as personal mission statements or statements of purpose , so if you’re tasked with writing a personal mission statement, the following example will work for you.

I’ve broken down this personal statement example section by section, with a commentary on each element. 

That way, you’ll see its strengths and weaknesses and get some inspiration for your own personal statement .

Once you’ve read the personal statement example and analysis, you can download a pdf of the whole document to use as inspiration for your own!

Personal Statement Example: Introduction

“The unprecedented pace and scope of global economic change shape our lives in unfamiliar and complex ways. The COVID-19 pandemic, Russia’s war in Ukraine and the rising surge of authoritarian populism in Pakistan all challenge social and financial norms, leading to unpredictability in individual behaviour and international markets. Having experienced first-hand the vastly differing economies of the UK, Pakistan and Qatar, I have developed an interest in how economics affects education, employment and income. Comparing each country’s response to the pandemic and observing the long-term impact of the decisions taken, I’m keen to learn which new ideas will replace the old paradigms, how inflation can be tamed without triggering a recession, and whether it is possible to grow global prosperity without exacerbating inequality at a national level.”

My Commentary and Analysis 

This writer begins this personal statement example by displaying an informed and comprehensive understanding of global politics and current affairs. Although this doesn’t seem directly connected to the study of economics, it’s actually a sophisticated way of introducing the topic. Economics and global affairs are inextricably linked, and displaying this knowledge allows the writer to evidence their knowledge comprehensively.

They then outline their global experience and begin to suggest the ways in which global politics and finance are interconnected. In doing so, the writer introduces their motivations and suitability confidently.

If you’re struggling with your personal statement introduction, check out my article on how to write perfect opening paragraphs here .

Personal Statement Example: Section 2

“I thrive on undertaking research into current financial issues and sharing my perspectives with the world. Following the IMF’s reporting of US tariffs on Chinese imports, I analysed how economies rival one another as part of a wider war of geopolitical positioning. Additionally, I examined the US withdrawal from Afghanistan and its economic effects on neighbouring countries. My articles ‘How the US-China Conflict Affects Asia’ and ‘The Economic Impact of the Afghan Crisis on Pakistan’ were featured in Pakistan’s New Reporter newspaper.”

My Commentary and Analysis

Here the writer outlines their research and clarifies their understanding of international trade and finance a little more broadly. This works well, as it adds some depth and development to the previous section without repeating content. 

The theme of international trade continues throughout this personal statement example, but the impressive aspect here is the reference to the articles that the writer has published. Again, this is an important aspect to include as, for an undergraduate example, it establishes the writer as a uniquely qualified and motivated candidate. 

It’s unusual for an undergraduate applicant to have this level of experience and clarity of motivation, so don’t worry if that isn’t something you have achieved yet. The key thing is to make the most of each experience you have and outline its value to your application and ambition.

If you’d like to learn more about how to structure your personal statement or statement of purpose , check out my awesome Personal Statement Template eBook here . It’s full of detailed examples of what to include!

Personal Statement Example: Section 3

“My relief work has exposed me to many societal disparities, fuelling my interest in economics and finance. I’ve witnessed first-hand the interplay between poverty and the economy and researched economic theories and their implications in real-world contexts to understand these real-life complexities. Deeply moved by the impact of the pandemic lockdowns on those reliant on a daily wage in underserved communities in Pakistan, I was inspired to set up a youth team for the food charity FoodShare and distribute warm meals through the uncertainty of constant lockdowns. This led me to research and discover theories such as Sens, which focused on income inequality and capability deprivation.”

The writer outlines their philanthropic and relief work with relevant examples, all of which serve to establish their understanding of the role of economics in real-world settings. 

The focus is beginning to move away from economics, and whilst the content is impressive, it would be sensible to relate the material to the subject area a little more fully at this stage in the personal statement.

Check out lots more examples of personal statements here , and see how they can inspire your application!

Personal Statement Example: Section 4

“Initiating a drive to plant trees as a member of my college’s Green Club, I realised that a financial incentive for growing trees, given directly to landowners in underserved urban and rural communities, would contribute precisely to the economic stimulus they need. My findings were substantiated when I read Dambisa Moyo’s ‘Dead Aid’. I admire her views on development in low-income economies and her arguments for using trade as a growth and development strategy in Africa rather than relying on government-to-government aid. It is experiences like these which have convinced me to pursue this course of study.”

My Commentary and Analysis: 

This is a highly complex paragraph in many respects. It outlines an additional aspect to the writer’s experience and motivation and gives the reader a deeper sense of the engagement the writer intends to have with the subject matter.

Offering evidence of research increases the writer’s range of academic skills and suitability for the course. This is important at this stage of the personal statement, as there have been few references to academic or transferable skills before this point. 

Undergraduate personal statements usually focus on the academic skills developed in further education. As this applicant has focused on other elements, it’s good to see the writer has begun to reference them at this stage.

The one thing that all successful personal statements have in common is that they are concise, engaging and accurate in spelling, punctuation and grammar. Consequently, I always recommend Grammarly to my students and clients. 

It’s an outstanding tool for ensuring your personal statement is rich with detail whilst hitting those all-important word limits. Check out the free version of Grammarly here , or hit the banner for more information.

Personal Statement Example: Conclusion

“My commitment to degree-level economics is reflected in my decision to study A-level Law during my gap year. This has developed my essay writing, analytical and critical thinking skills and taught me to apply logic and reasoning to reach decisions. Equally, attending the Young Leaders summer program at Buckley University last summer allowed me to develop my project management, team building and leadership skills whilst learning about sustainable development goals. I researched the pandemic in Canada and terrorism in Somalia and presented my ideas from an economic viewpoint, arguing how a country’s stability is directly interlinked with its economic growth, affecting the sustainability of development goals. I valued the opportunity to represent my team and take the lead in public speaking and debating at the Oxford Union Chamber, and was proud to win the ‘Best Debating Team’ prize. I won first prize in the Marshall Young Mathematician competition whilst at college, allowing me to put my mathematical, logical reasoning, problem-solving and analytical skills into practice.

A diligent, dedicated and motivated student, I’m confident that my personal qualities, practical experience and academic interests will fully support my commitment to reading for an economics degree.”

The first paragraph above is, perhaps, the most effective and relevant in this personal statement. This is because previous academic skills and experiences are referenced, and their value is considered in relation to the degree course applied for.

The writer then outlines their co-curricular activities. These are highly relevant and impressive examples, and including them here shows the scope of the applicant’s commitment and quality. Referencing the award the writer achieved and considering the transferable skills gained is a compelling strategy that adds to their suitability for the degree.

In summary, there are some significant strengths in this personal statement example. The applicant is mature, engaged and accomplished. They show a range of experiential and practical skills, and the depth of their achievements makes them highly suitable.

In contrast, there’s a lack of formal academic depth here and not very much content that reflects the writer’s personality. Equally, there could be a wider reference to the value that the writer would bring to the university environment.

For more great advice, check out my article on writing an excellent final personal statement paragraph here .

Click here or on the banner below to get your free download of this complete personal statement example . 

Whether you’re looking for personal mission statement examples or an example of personal purpose statement, I hope this personal statement example has been helpful. Above all, I wish you every success in your academic career. 

If you’d like to work with me to develop your personal statement 1:1 and write a powerful mission statement, I’d be delighted to hear from you. 

Find out about my personal statement support services by clicking here or on the image below.

Research and content verified by Personal Statement Planet .

David Hallen

I've worked in the Further Education and University Admissions sector for nearly 20 years as a teacher, department head, Head of Sixth Form, UCAS Admissions Advisor, UK Centre Lead and freelance personal statement advisor, editor and writer. And now I'm here for you...

Recent Posts

Postgraduate Personal Statement Example: Environmental Policy

Studying examples of personal statements can be a valuable strategy when applying to a university or college.  That’s because personal statement examples can teach you how to write and...

Postgraduate Personal Statement Example: Technology Entrepreneurship & Innovation

Examples of personal statements can be valuable to reference when applying to a university or college course.  That’s because personal statement examples can teach you how to write and...

Browser does not support script.

• Undergraduate
• Executive education
• Study Abroad
• Summer schools
• Online certificate courses
• International students
• Meet, visit and discover LSE

Personal statement

The quality of an applicant's personal statement is very important at LSE. The School does not interview for places so this is an applicant’s only opportunity to demonstrate they are a good fit for the course. Applicants should consult the advice here, as well as advice from UCAS when preparing to complete this section of their application. 

Please note that writing a personal statement following the guidelines below does not guarantee an offer of admission. Personal statements are looked at on a comparative basis and there is a great deal of competition for places at LSE. 

LSE does not accept additional or supplementary personal statements. We can only consider the personal statement submitted via UCAS.

Writing your personal statement

We expect that your submitted Personal Statement is structured and coherent and that you fully utilise the space available on your UCAS application form. We expect that you have checked spelling, punctuation, and grammar and that your Personal Statement flows in a logical order. We expect that your Personal Statement is entirely your own original work. We reserve the right to reject your application where it has been found that a statement has significant similarities to a previous submission or has been created with the use of Artificial Intelligence.

Before you start writing, do your research

Before you start writing your personal statement, you should visit our course guides . These guides give information on the course content of each of our undergraduate programmes. 

When assessing your personal statement our Admissions Selectors will look at how well your academic interests align with the LSE course. So, for example, the Anthropology Admissions Selector is likely to prefer a statement which focuses mainly on social anthropology - which is taught at LSE - over one which suggests the applicant is very interested in biological anthropology, or a combined degree with archaeology, as these courses are not offered at the School. 

Similarly, a personal statement which shows an interest mostly in modern international history (the focus of LSE’s International History course) is likely to be more competitive than one which shows a significant interest in ancient history, as LSE does not offer any ancient history units.   

If you are applying for a range of slightly different courses, we recommend that you focus your personal statement on the areas of overlap between them, so that your statement appeals to all of your UCAS choices. It is important to note that LSE does not accept replacement or supplementary personal statements. 

What to include in your personal statement

Your personal statement should discuss for the most part your academic interest in the subject you wish to study. One way to think about the personal statement is to reflect on what we expect from LSE undergraduates: we ask them to learn about topics relevant to their course, through reading or other experiences, and then discuss the ideas they have encountered in academic essays. This is the skill we look for in the personal statement and we recommend at least 80% of your statement should be dedicated to this type of academic discussion. 

How you show your wider engagement with your subject is entirely up to you. Our Selectors look for students who can best reflect on the experiences and academic ideas they have encountered through the opportunities available to them, not those who have had the best opportunities. If you are not sure where to start, you could try listening to podcasts of LSE public events or look in the prospectus for examples of suggested reading. Remember we are interested not just in a list of what you have read/encountered, but evidence you have reflected on the academic ideas. 

To help you begin, there are several questions you could think about:

• Why have you chosen the course? What attracted you to the subject? Which aspects of the subject have interested you sufficiently to want to study it at degree level? Is there a specific area of the subject you wish to focus on? What are the big issues in the subject, and what do you find most interesting about them? What are your thoughts on these topics?
• Have you developed your subject interest outside of your school studies? For example, have you undertaken any additional reading to broaden your knowledge of the subject? Have you attended lectures or explored online material relating to the subject? What did you find interesting in your reading/in the lectures you attended and what are your thoughts on the topics covered?
• Have you gained any skills from your other school subjects that complement your application to study your chosen subject? Have you had the opportunity to undertake work experience relevant to your application? If you did, how did this experience give you a wider understanding of the topics you will study at university?
• Have you attended any schemes or activities at LSE or other universities, such as Summer Schools, Saturday Schools, LSE Choice, etc? What you have learned from these? Have they furthered your knowledge of or interest in your chosen subject?

If you are applying for deferred entry, as well as thinking about the questions listed above, you may also wish to indicate (briefly) why you are taking a gap year and what you plan to do during the year. 

If you are applying as a post-qualified student (ie, you have already received your final results), you may wish to mention briefly what you have been doing since your exams. 

Please note : You are not expected to simply answer all of the questions above; these questions are merely intended to give you some guidance as to what to think about when writing your statement. 

Extra-curricular activities

At LSE you are admitted to study a particular degree course so the majority of your personal statement − at least 80% − should focus on your academic interest in that subject. Many students like to include some details of their extra-curricular activities such as involvement in sports, the arts, volunteering or student government. As our Selectors are most interested in your academic interests, we recommend that no more than 20% of your statement is spent discussing extra-curricular activities. 

Applying to combined degree programmes

LSE offers a number of combined degree programmes. If you are applying to one of these programmes, you are advised to give equal weighting to each subject in your statement. For instance, if you are applying to our Politics and Economics degree, you must show evidence of interest in both subjects; a statement weighted towards only one aspect of the degree will be significantly less competitive.

Example of a poor personal statement

"I have always dreamed of coming to LSE since I was young. It has been a dream of mine to study at this institution, which is well renowned for its social science courses.  

I am currently studying History, English and Business and Management at Higher level and Italian, Maths and Chemistry at Standard level in the International Baccalaureate, and feel that these subjects are providing me with a solid background for university study.  

I want to study History because I want to be a world class Historian, and feel that this degree will help me. I am especially interested in Ancient History, particularly the history concerning the Roman Empire. I am fascinated by the way in which the empire was run, and the events that led to its downfall.  

"I was the captain of the school football team, and this has taught me the importance of working together as a team, and allowed me to prioritise my time between my studies and football practice. I feel that this has provided me with the experience to successfully balance my academic and social life, and I plan to continue this balance whilst at university.  

It is my dream to become an alumnus of the School, and I am sure that as I am the top student of my class, you will offer me a place."  

This brief example of a personal statement is poor. The applicant has mentioned an interest in history but they have not discussed this in depth or shown any evidence of wider engagement with the subject. Where the applicant does talk about history, the discussion is superficial and focussed on ancient history, which LSE does not offer as part of our history course. 

The applicant has specifically mentioned LSE, which is likely to be unattractive to their other choices, and has wasted space listing their International Baccalaureate subjects, which would be shown in the qualifications section. The applicant has described how a history degree will help them get the job they later want, rather than what they are looking forward to studying during the degree. 

The applicant has reflected on the transferable skills they have developed leading the football team. This is good, but it would be nice to see the same level of reflection applied to academic topics - this student has spent more time talking about football than about history. 

UCAS reference Your teacher's reference: what we're looking for

Watch this presentation LSE Admissions Specialist Paul talks about personal statements

Study at LSE webinars Watch our Personal Statement FAQs webinar

Explore our Virtual Undergraduate Open Day Resources, guidance and videos on applying to LSE and more

Use our programme finder Explore our undergraduate degrees

• Search This Site All UCSD Sites Faculty/Staff Search Term
• Chair's Message
• Commitment to Diversity
• Department History
• Press Contact
• Economics Roundtable
• Conferences
• Career Workshops
• Faculty Profiles
• Research Groups
• Research Centers
• Faculty Recruitment
• Faculty Resources
• Faculty Recognition
• In Memoriam
• Graduate Advising
• Current Students
• Prospective Students
• Resources for Current Students
• Majors & Minors
• About the Undergraduate Program
• Prospective Student Info
• Hire A Triton
• Stay Connected
• Undergraduate Program
• How to Prepare for a Ph.D. in Economics

Letters of Recommendation

• Writing Personal Statements
• Each school will ask you to write a personal statement. While the prompts vary across schools, generally a personal statement will ask you to describe your research interests, qualifications, and career goals.
• Schools vary in their importance of the personal statement, but it is an area that students tend to have a lot of questions about.
• The personal statement should be clear and well-written. Be realistic about your career goals. While showing interest in research in economics is important, don’t spend too much time describing your passion for economics. This will be unlikely to persuade admissions committees. Get to specifics as soon as possible.
• For example, be as specific as possible in describing your past research and course experiences. For example, instead of writing, “I was a research assistant to Professor X and learned a lot through that experience”, spell out exactly what you did. Did you implement data analysis for Professor X? Was that analysis based on a recent methodological advance that you needed to figure out? What type of analysis was it? How did you solve the problems that occurred when implementing the analysis? Be as specific as possible. If you relied on coursework (for example, you proofread and edited a proof in a paper), mention the mathematical background that allowed you to accomplish this task.
• You should describe potential research interests, but you don’t need to know exactly what you would like to research in graduate school. Interests change, and it is unlikely admissions committee will place tremendous stock in the specifics of your research proposal. In describing potential research, you should write clearly about your interests and show that you understand how to discuss a potential research project in economics. You can ask an advisor or letter-writer to look over your personal statement.
• Research Experience
• Getting Useful Letters of Recommendation

Clearing Universities & Courses

Clearing advice.

Recommended Clearing Universities

Popular Course Categories

Course Search & Discover

Start the search for your uni. Filter from hundreds of universities based on your preferences.

Search by Type

Search by region.

Recommended Universities

Northeastern University - London

London (Greater) · 100% Recommended

The University of Law

London (Greater) · 92% Recommended

University of Surrey

South East England · 98% Recommended

Search Open Days

What's new at Uni Compare

Bangor University

Boost your employability with a Computer Science degree!

University of Sussex

Choose Sussex for cutting-edge degrees in Finance, Banking, and Digital Finance.

Ranking Categories

Regional rankings.

More Rankings

Top 100 Universities

Taken from 65,000+ data points from students attending university to help future generations

About our Rankings

Discover university rankings devised from data collected from current students.

Guide Categories

Advice categories, recommended articles, popular statement examples, not sure what to search for, take our quick degree quiz.

Find the ideal uni course for you with our Course Degree Quiz. Get answers in minutes!

Take our full degree quiz

Get more tailored course suggestions with our full Course Degree Quiz and apply with confidence.

PERSONAL STATEMENT EXAMPLE Economics and Politics Personal Statement

Submitted by Louise

Gain the finance skills employers are looking for

Choose Sussex for cutting-edge degrees in Finance, FinTech, Banking and Digital Finance. Prepare for a digitally advanced workplace.

Are you a strategist, analyst and problem solver?

Stay ahead of the trends with Economics at the University of Kent

Economics and Politics Personal Statement

Politics is all about opinion and ideas. From the most powerful man in the world to us, the public, our opinions shape politics today. Opinions have led to the UK starting the process of leaving the EU. This very current topic attracted many young people, although they were unable to vote, such as myself. It didn’t stop us expressing our thoughts on the subject. Being half French, my family has very strong opinions on this topic. However, I am fascinated by other views on Brexit. To fulfil my curiosity on this matter, I attended a talk by the authors of the book ‘How to lose a referendum’ at Latymer Upper school. The talk gave me an insight into the minds of other voters. This is what interests me most, not my own theory, but those of others with alternative views. Coming from a very mixed background ranging from a German communist, a Liverpudlian philanthropist to conservative French Basque farmers, I have grown up hearing many controversial views on political matters. This fuelled my interest in politics, finding out the reasoning for these completely different outlooks. Studying American racial politics at A-level intrigued me further, as there are many diverse opinions within the topic that shock me but also fascinate me and make me ask “Why”?

Having read “Revolution” by Russel Brand opened my eyes to new political theories and ideas, not ones I necessarily agree with. His strong views on democracy and the UK political system fascinate me. Moreover, his opinions resonate with younger voters, striking a chord with their disenchantment of current politics. In truth, whilst his ideas for future action are not concurrent with mainstream political thought, he has got people engaged in politics and actively discussing the current political climate.

Being selected to take part in the Model United Nations not only improved my public speaking but also my research skills as I had to create a resolution on the question of tax avoidance by multinational corporations, which I then put forward for discussion. It introduced me to large debates in which ideas and judgments were shared and I was able to contest. Furthermore, participating in the Mock Trial competition enabled me to develop my skills of critical analysis, especially as the demand of the competition was to analyse and evaluate the evidence presented to me.

Academically, studying Economics A-level has helped me to develop a wide range of skills that in turn has helped me through my politics course, as both subjects are very closely related. Also studying French A-level has given me an insight to a new political system which has furthered my understanding and appreciation of globalisation and global community.

In and outside school, I take part in a variety of different activities. For my level 1 and 2 Sports Leader Award I had to organise and carry out sporting events for younger children, attaining organisation and leadership skills. I was the Captain of my local Water Polo team, where I had to keep up the team’s spirits, bolstering my communication and team working skills. I was selected to play for the Eastern region of England in the girls U17’s Water Polo team and hope to continue this at University, as it is a sport I very much enjoy.

I play the violin and take part in my school’s string group, hoping to pass my grade 7 exam soon. I am a trained Lifeguard, a job which demands commitment, responsibility and reliability.

Studying politics at University will open me up to a world of new ideas and diverse theories that I am looking forward to study. I’m not only looking forward to throwing myself into the course, but also into University life.

Recommended Course

Recommended Statements

Submitted by anonymous

Economics Personal Statement

My interest in studying economics is born from my growing up in the wake of an economic crisis that affect...

Economics and Management Personal Statement

Economics attempts to understand and address many of the world’s most serious problems. I would like to en...

Economics and Finance Personal Statement

Over recent years I have developed a passion for looking at current events and how they affect the economy...

My desire to study Economics at university stems from my interest in the incredible pace of change in the ...

undergraduate Universities

Undergraduate uni's.

Northeastern Uni

114 courses

Uni of Surrey

750 courses

Uni of East London

575 courses

Uni for Creative Arts

672 courses

Leeds Beckett Uni

454 courses

467 courses

Uni of Sunderland

340 courses

886 courses

Uni of Chester

645 courses

Heriot-Watt Uni

334 courses

Uni of Westminster

503 courses

Uni of Winchester

259 courses

Uni of Roehampton

468 courses

548 courses

Staffordshire Uni

472 courses

Uni of Bradford

390 courses

Cardiff Met Uni

501 courses

Middlesex Uni

634 courses

West London IoT

Uni of Portsmouth

761 courses

Uni of Leicester

432 courses

Uni of Hertfordshire

584 courses

Wrexham Uni

289 courses

Ravensbourne

103 courses

Kingston Uni

617 courses

Swansea Uni

1319 courses

Goldsmiths, UOL

344 courses

Uni of Suffolk

186 courses

Escape Studios

Uni of Reading

685 courses

Coventry Uni

480 courses

Uni of Bedfordshire

656 courses

Queen's Uni

635 courses

Uni of Kent

580 courses

UWE, Bristol

497 courses

Uni of Huddersfield

668 courses

Leeds Arts University

Uni of Essex

1400 courses

Uni of C.Lancashire

798 courses

709 courses

Anglia Ruskin Uni

808 courses

Uni of Brighton

407 courses

Bath Spa Uni

520 courses

Edge Hill Uni

383 courses

Uni of Hull

498 courses

ARU Writtle

104 courses

Nottingham Trent

912 courses

FIND THE IDEAL COURSE FOR YOU

Degree Course Quiz

Find the ideal university course for you in minutes by taking our degree matchmaker quiz today.

Find the latest from Uni Compare

University of Law

Ranked Top 20 amongst English universities in the 2023 National Student Survey!

Cardiff Metropolitan Uni

Ranked as the most sustainable university in Wales (P&P Uni League 2023/24)

An official website of the United States government

Personal Income and Outlays, April 2024

• News Release
• Related Materials
• Additional Information

Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $39.1 billion (0.2 percent).

The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI decreased 0.1 percent in April and real PCE decreased 0.1 percent; goods decreased 0.4 percent and services increased 0.1 percent (tables 3 and 4).

The increase in current-dollar personal income in April primarily reflected increases in compensation, personal income receipts on assets, and government social benefits to persons (table 2).

The $39.1 billion increase in current-dollar PCE in April reflected an increase of $49.1 billion in spending for services that was partly offset by a $10.0 billion decrease in spending for goods (table 2). Within services, the largest contributors to the increase were housing and utilities (led by housing), health care (both outpatient services and hospitals), and financial services and insurance (led by financial service charges, fees, and commissions). These increases were partly offset by a decrease in transportation services (led by air transportation). Within goods, the largest contributors to the decrease were spending for recreational goods and vehicles (led by information processing equipment) and other nondurable goods (led by recreational items). Detailed information on monthly PCE spending can be found on Table 2.4.5U .

Personal outlays —the sum of PCE, personal interest payments, and personal current transfer payments—increased $42.8 billion in April (table 2). Personal saving was $744.5 billion in April and the personal saving rate —personal saving as a percentage of disposable personal income—was 3.6 percent (table 1).

From the preceding month, the PCE price index for April increased 0.3 percent (table 5). Prices for goods increased 0.2 percent, and prices for services increased 0.3 percent. Food prices decreased 0.2 percent and energy prices increased 1.2 percent. Excluding food and energy, the PCE price index increased 0.2 percent. Detailed monthly PCE price indexes can be found on Table 2.4.4U .

From the same month one year ago, the PCE price index for April increased 2.7 percent (table 7). Prices for goods increased 0.1 percent and prices for services increased 3.9 percent. Food prices increased 1.3 percent and energy prices increased 3.0 percent. Excluding food and energy, the PCE price index increased 2.8 percent from one year ago.

The 0.1 percent decrease in real PCE in April reflected a decrease of 0.4 percent in spending on goods and an increase of 0.1 percent in spending on services (table 4). Within goods, the largest contributors to the decrease were gasoline and other energy goods (led by motor vehicle fuels, lubricants, and fluids), recreational goods and vehicles (led by information processing equipment), and other nondurable goods (led by recreational items). Within services, the largest contributor to the increase was health care (led by outpatient services). Detailed information on monthly real PCE spending can be found on Table 2.4.6U .

Updates to Personal Income and Outlays

Estimates have been updated for October through March. For October through December, estimates for compensation, personal taxes, and contributions for government social insurance reflect the incorporation of updated fourth-quarter wage and salary data from the Bureau of Labor Statistics Quarterly Census of Employment and Wages program. Revised and previously published changes from the preceding month for current-dollar personal income, and for current-dollar and chained (2017) dollar DPI and PCE, are provided below for February and March.

*          *          *

Next release: June 28, 2024, at 8:30 a.m. EDT Personal Income and Outlays, May 2024

Full Release & Tables (PDF)

Tables only (excel), release highlights (pdf), historical comparisons (pdf).

• Personal Income Lisa Mataloni  301-278-9083 [email protected]
• PCE Goods Kyle Brown 301-278-9086 [email protected]
• PCE Services Harvey Davis 301-278-9719 [email protected]
• Media Connie O’Connell 301-278-9003 [email protected]

Additional Resources available at www.bea.gov :

• Stay informed about BEA developments by reading The BEA Wire , signing up for BEA's email subscription service , or following BEA on X, formerly known as Twitter @BEA_News .
• Historical time series for these estimates can be accessed in BEA's Interactive Data Application .
• Access BEA data by registering for BEA's Data Application Programming Interface (API).
• For more on BEA's statistics, see BEA's online journal, the Survey of Current Business .
• BEA's news release schedule
• NIPA Handbook : Concepts and Methods of the U.S. National Income and Product Accounts

Definitions

Personal income is the income received by, or on behalf of, all persons from all sources: from participation as laborers in production, from owning a home or business, from the ownership of financial assets, and from government and business in the form of transfers. It includes income from domestic sources as well as the rest of world. It does not include realized or unrealized capital gains or losses.

Disposable personal income  is the income available to persons for spending or saving. It is equal to personal income less personal current taxes. 

Personal consumption expenditures (PCE) is the value of the goods and services purchased by, or on the behalf of, "persons" who reside in the United States.

Personal outlays is the sum of PCE, personal interest payments, and personal current transfer payments.

Personal saving is personal income less personal outlays and personal current taxes.

The personal saving rate is personal saving as a percentage of disposable personal income.

Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is, at "market value." Also referred to as "nominal estimates" or as "current-price estimates."

Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.

For more definitions, refer to the Glossary: National Income and Product Accounts .

Statistical conventions

Annual rates. Monthly and quarterly values are expressed at seasonally-adjusted annual rates (SAAR). Dollar changes are calculated as the difference between these SAAR values. For detail, refer to the FAQ " Why does BEA publish estimates at annual rates? "

Month-to-month percent changes are calculated from unrounded data and are not annualized.

Quarter-to-quarter percent changes are calculated from unrounded data and are displayed at annual rates. For detail, refer to the FAQ " How is average annual growth calculated? " and " Why does BEA publish percent changes in quarterly series at annual rates? "

Quantities and prices. Quantities, or "real" volume measures, and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2017). Quantity and price indexes are calculated using a Fisherchained weighted formula that incorporates weights from two adjacent periods (months for monthly data, quarters for quarterly data and annuals for annual data). For details on the calculation of quantity and price indexes, refer to Chapter 4: Estimating Methods in the NIPA Handbook.

Chained-dollar values are calculated by multiplying the quantity index by the current dollar value in the reference year (2017) and then dividing by 100. Percent changes calculated from real quantity indexes and chained-dollar levels are conceptually the same; any differences are due to rounding. Chained-dollar values are not additive because the relative weights for a given period differ from those of the reference year. In tables that display chained-dollar values, a "residual" line shows the difference between the sum of detailed chained-dollar series and its corresponding aggregate.