personal statement for university economics

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!

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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

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• 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.

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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.

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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.

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NFL distances itself from Chiefs’ Harrison Butker’s Benedictine College speech

In response to the controversy surrounding Harrison Butker’s commencement speech at Benedictine College, the NFL distanced itself from the ideas expressed in the speech, saying the league doesn’t share the beliefs the Kansas City Chiefs kicker voiced while addressing the graduating students.

During the commencement speech, Butker referred to Pride Month as an example of the “deadly sins.” He also addressed gender ideologies and said a woman’s most important title is “homemaker.”

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“Not the deadly sins sort of Pride that has an entire month dedicated to it,” Butker said, “but the true God-centered pride that is cooperating with the holy ghost to glorify him.”

Butker spoke for more than 20 minutes to students at the Catholic school in Atchison, Kan., saying he wanted the graduating class to prevent political leaders from interfering with social issues that impact their relationship with the church.

In response, NFL senior vice president and chief diversity and inclusion officer Jonathan Beane said in a statement to The Athletic that Butker gave the speech “in his personal capacity.”

“His views are not those of the NFL as an organization. The NFL is steadfast in our commitment to inclusion, which only makes our league stronger,” Beane said. His statement was first reported by People.

The Chiefs declined to comment when reached Thursday by The Athletic .

While Pride Month, which is in June, falls outside the NFL’s season, the league participates in LGBTQ+ initiatives. On the Wednesday before Super Bowl LVIII, the NFL hosted a “Night of Pride” event in partnership with GLAAD, the LGBTQ+ advocacy organization.

The Chiefs are among the NFL teams that have a Pride selection of apparel with rainbow colors. Kansas City is also among the many North American cities that host Pride events during June, led by the KC Pride Community Alliance.

Later Thursday, legendary college football coach and TV analyst Lou Holtz took to X to thank Butker “for standing strong in your faith values.”

“Your commencement speech at Benedictine College showed courage and conviction and I admire that,” Holtz wrote, later linking to a form from America First Works for people to sign and offer their thanks to Butker for his comments.

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• Chiefs kicker Harrison Butker says Pride Month is example of ‘deadly sin’ during commencement speech

(Photo: Ric Tapia / Getty Images)

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Tess DeMeyer is a Staff Editor for The Athletic working on the live/breaking news team. Prior to joining The Athletic, she worked as an associate digital producer at Sports Illustrated. Tess attended Brown University and originates from a small town outside of Savannah, GA. Follow Tess on Twitter @ tess_demeyer

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PERSONAL STATEMENT EXAMPLE Economics and Finance Personal Statement

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Economics and Finance Personal Statement

Over recent years I have developed a passion for looking at current events and how they affect the economy. This interest originates from the enjoyment I get from using maths to analyse a problem, as many situations can be explained clearly using maths. Economics is a subject that is very much alive and this is what makes it interesting to me. Every day there are new situations that economists can explore and analyse and I find this prospect extremely exciting.

Studying Pre-U Economics has increased my enthusiasm for the subject as I enjoy following macroeconomic debate in the UK and learning how globalisation changes markets. I have gained insights about how firms have had to react to globalisation and how nations use protectionism as a way of preventing industries from collapsing. The analytical skills that I have developed in Physics have proved particularly helpful as I can transfer these skills to Economics, despite them being quite different subjects. I enjoy following financial markets where you can see how the economic impacts of global events play out and have recently setup a paper trading account.  The trading application helps further my understanding of the impacts of economic events.  I can test my hypothesis of a particular event against the change in markets and improve my understanding.

I became interested in the socioeconomic elements of development and international aid after reading ‘Dead Aid’ by Moyo. The idea of ‘trade not aid’ resonated with me and led me to conduct further research which led me to conclude that having a skilled labour force would be more economically beneficial than trade. Reading ‘Awakening Giants’ by Bardhan gave an interesting insight at the speed at which China has become a leading economy.

I have also enjoyed exploring the world of economics through work experience, the first of which was with Tradition, a global financial services firm.  I learnt how to analyse and rank different trading strategies based on historical data modelling.  At Guardian Stockbrokers I witnessed in real-time the impact of macro and microeconomic data on different asset classes. I set up a demo trading account on the company’s platform to experience first-hand how the slightest change in the economic outlook  can influence the market price. Last summer I secured a place in HSBC’s work experience programme for 6th form students. I learnt about different aspects of retail banking and gained insight into how a retail bank works. This helped put some perspective as to how banking has changed over the years after the financial crisis.

Last year, I was selected to represent my school in a Physics symposium and as part of the team my role was to apply my analytical skills and communicate the results to my team. This opportunity helped with my team building skills.  I have also experienced how to set up a company and run a profitable business when I was appointed the company Financial Director for the young enterprise scheme. I gained insight into how to conduct meetings and improve my presentation and negotiation skills. I enjoy playing classical guitar and have had the opportunity to perform in school concerts throughout my school years. As an active member of the school Charity and Community Service committees I help the local community by volunteering at the day shelter for the homeless and the YMCA cafe. This experience provided me with a different perspective on life. Throughout school I have captained and toured with many school teams playing tennis, football and cricket.

Everyday something new happens in the economic world, I would love to be part of an undergraduate course that analyses these events. This is why Economics is my chosen course and I look forward to expanding my knowledge in this field at undergraduate level and, hopefully, further.

This student also took a year abroad too. 

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Msc economics personal statement example.

Economics is a social science that uses mathematical models and empirical evidence to understand how people use resources, produce goods and services, and interact with each other to create economic systems. The study of economics plays a vital role in helping us understand how the decisions we make as individuals and as a society affect the financial well-being of our community. The overarching goal of my MSc program in Economics is to provide me with the knowledge and skills required to become a successful economist by equipping me with the necessary theoretical knowledge and analytical tools to understand and analyze the economic behavior of individuals and societies. This program would help me to develop strong quantitative skills which are critical to the field of economics and would allow me to pursue a successful career in academics or private sector banks.

My background in the field of economics has provided me with a solid foundation in the basic concepts of economic theory and helped me develop a strong proficiency in the use of statistical and econometric methods. I have significant experience in conducting empirical research projects and developing a sound understanding of complex empirical phenomena. I have also gained considerable experience supervising research projects and student projects and have worked on several different research projects involving various methodologies and statistical models including factor analysis, regression analysis, difference-in-differences, and multiple regression. In addition, I have developed a thorough understanding of the theories and methods of microeconomics and macroeconomics and have gained a solid experience of the different concepts in economics and their application to the real world.

I believe that I am well prepared to embark on a career as a successful economist and that this program would be an excellent way for me to advance my career goals and achieve my dreams of becoming a successful economist. I have a strong desire to succeed and a passion for the field of economics which will allow me to excel in this program and become a valuable asset to my future employer. I have a background in economics from one of the leading universities in Pakistan and a bachelor’s degree in Economics from a university in the US. I have been awarded the Dean’s Honor List every year during my undergraduate studies and my academic record has been consistently good throughout my academic career. I have been an active member of the Economics Association and have been organizing and leading seminars for undergraduate students. I also have a passion for research and have been a research assistant for several professors and Ph.D. students.

Please feel free to contact me if you have any questions regarding my application or my current educational goals. I look forward to your response and am grateful for your time. My name is XXXXX XXXXX and I currently live in the United States. I am a first-year graduate student at Vanderbilt University and I am enrolled in the Master of Professional Studies in Applied Economics and Management program. This program will give me the skills and experience I need to successfully enter the workforce as an economist once I graduate. My previous education has helped me develop a strong analytical skill set and the ability to analyze complex data to solve economic problems. I also have a strong understanding of economic theory which I believe will help me excel in my career as a financial analyst in the future. I come from a highly academic and family-oriented background where I was taught the importance of hard work and dedication from a young age. I have always had a passion for economics and my parents have always been supportive of my educational aspirations. For these reasons, I decided to pursue a degree in economics and pursue a career in this field. I am extremely passionate about my career and would like to work with the government one day to help improve the economic conditions of the people of Pakistan. Therefore, I am applying for this graduate program to gain the knowledge and skills I will need to succeed in my career.

As a graduate student in this program, I will gain the necessary skills and knowledge needed to become a successful financial analyst.

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