Barcelona Graduate School of Economics

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1 Barcelona Graduate School of Economics

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3 Barcelona About gse Barcelona AT A GLANCE gse A leading cluster of economic experts A reference institution in research Challenging, research-led graduate programs Competitive career outlook 160 Barcelona GSE Affiliated Professors 12 ERC Grants awarded to members of the faculty 4 Fellows of the Econometric Society 17 ICREA Research Professors 28 nationalities represented among the faculty 80% of the faculty hold PhD from top international institutions outside Spain 4 internationally renowned academic units underpin the Barcelona GSE Barcelona GSE Scientific Council: 34 distinguished academics, including 12 Nobel Laureates Ranked among the best research institutions: 1 st in Spain Top 5 in Europe Top 15 Worldwide Source: RePEc (Research Papers in Economics) Barcelona GSE distinguished top research institution of excellence with an international impact in the framework Severo Ochoa Research Excellence Program Summer Forum attracts 600+ researchers and top experts across the spectrum of economic science. The Forum has become the premier summer conference for economists in Europe. Master programs with dual professional and academic orientation in Economics, Finance and Data Science, based on the latest research and tools Over 200 highlyqualified students graduating every year 85% international students 50+ nationalities 34% from outside Europe 2 PhD programs with an international reputation, organized jointly with UPF and UAB 500+ practitioners and academics in Barcelona GSE Summer School and Professional Courses 70% of master graduates choose a professional career path Main employment sectors are banking and finance, economic consulting, authorities and government agencies 30% pursue doctoral study in competitive programs in Europe and the US master program alumni in 70 countries 3

4 About Barcelona GSE Academic Programs Alumni and Placement Faculty and Research City and Campus

5 About Barcelona gse Prof. Teresa Garcia-Milà Director of the Barcelona Graduate School of Economics PhD, University of Minnesota Prof. Ramon Marimon Chairman of the Board of Trustees PhD, Northwestern University The world economy is in a state of constant evolution. Classical models are being questioned, and we face challenges that require new approaches. In a society that is urgently seeking solutions, solid economic knowledge and research are crucial. The Barcelona Graduate School of Economics is an institution for scientific cooperation in research and graduate education in economics and the social sciences. Founded in 2006, the Barcelona GSE is a pioneering initiative that brings together four academic units with established international reputations and a history of leadership in the field of economics. The School offers a wide range of professionally- and academically-oriented graduate degrees in economics, finance and data science. All programs are taught by world-class faculty and subject to the highest standards of the Barcelona GSE s academic units. Board of Trustees The Board is made up of representatives of the founding academic institutions, private and public institutions, as well as several distinguished academics in the field of economics. Universitat Pompeu Fabra (UPF) Universitat Autònoma de Barcelona (UAB) CSIC Center for Research in International Economics (CREI) Banc Sabadell la Caixa FemCat Foundation AXA Research Fund Government of Catalonia Ministry of Economy and Knowledge Barcelona City Council 5

6 About Barcelona gse Scientific Council To uphold our commitment to the highest academic standards, the Barcelona GSE has established a Scientific Council that provides strategic guidance and works with us to ensure the quality of the academic programs and the research performance of the School. The chair of the Scientific Council is Prof. Hugo Sonnenschein, President Emeritus of the University of Chicago. The Council is made up of 34 leading academics, including 12 Nobel Laureates in Economics, who help to forge and enhance relationships between the Barcelona GSE and the academic community. Barcelona GSE Scientific Council Members Hugo Sonnenschein, Chairman University of Chicago Daron Acemoglu Massachusetts Institute of Technology Aloisio Pessoa de Araújo IMPA and Fundação Getulio Vargas, Rio de Janeiro Kenneth J. Arrow Stanford University Nobel Laureate Orley Ashenfelter Princeton University Chong-En Bai School of Economics and Management, Tsinghua University Richard Blundell University College London Mathias Dewatripont Université Libre de Bruxelles Raquel Fernández New York University Oliver Hart Harvard University James J. Heckman University of Chicago Nobel Laureate Bengt Holmström Massachusetts Institute of Technology Matthew O. Jackson Stanford University Daniel Kahneman Princeton University Nobel Laureate Timothy J. Kehoe University of Minnesota Ann Krueger The Johns Hopkins University Justin Yifu Lin National School of Development, Peking University Robert E. Lucas, Jr. University of Chicago Nobel Laureate Charles F. Manski Northwestern University José María Maravall Center for Advanced Study in the Social Sciences Madrid James A. Mirrlees University of Cambridge Nobel Laureate Juan Pablo Nicolini United States Federal Reserve Bank of Minneapolis Edward C. Prescott Arizona State University Nobel Laureate Hélène Rey London Business School John Roberts Stanford University Alvin Roth Stanford University Nobel Laureate Ariel Rubinstein Tel Aviv University and New York University Thomas J. Sargent New York University Nobel Laureate Reinhard Selten Universitat Bonn Nobel Laureate Christopher A. Sims Princeton University Nobel Laureate Robert M. Solow Massachusetts Institute of Technology Nobel Laureate Joseph E. Stiglitz Columbia University Nobel Laureate Nancy Stokey University of Chicago Fabrizio Zilibotti Universität Zürich 6

7 The Masters Degree at the Barcelona GSE is one of the very best in the world, respected by academics, business leaders, and people who work in the public sector. For this reason the Scientific Committee is honored to support the School. Hugo Sonnenschein (University of Chicago) Chairman of the Barcelona GSE Scientific Council 4th Barcelona GSE Scientific Council Meeting, March

8 About Barcelona GSE Academic Programs Alumni and Placement Faculty and Research City and Campus

9 ACADEMIC PROGRAMS I am proud to see how our students challenge themselves to excel in their studies and become well-rounded professionals with critical thinking, responsibility, a global outlook, and a spirit of service to society. Prof. Ada Ferrer-i-Carbonell Deputy Director for Academic Programs PhD, University of Amsterdam Master Programs Master Degree in Economic and Finance Economics Program Finance Program Master Degree in Specialized Economic Analysis Competition and Market Regulation Program Economics of Public Policy Program International Trade, Finance and Development Program Macroeconomic Policy and Financial Markets Program Master Degree in Data Science Data Science Program Master Programs provide advance analytical training with strong foundation in theory that can be applied to economics, finance and data science. Barcelona GSE graduates acquire a set of competencies that qualify them for challenging jobs in both the public and private sectors and for competitive PhD programs worldwide. All Barcelona GSE programs are taught entirely in English. Master Program Directors Economics Marta Reynal-Querol PhD, London School of Economics Finance Javier Gil-Bazo PhD, Universidad del País Vasco Xavier Freixas PhD, University of Toulouse Competition and Market Regulation Juan José Ganuza PhD, Universidad Carlos III de Madrid Massimo Motta PhD, London School of Economics and Université Catholique de Louvain Economics of Public Policy Nezih Guner PhD, University of Rochester Caterina Calsamiglia PhD, Yale University International Trade, Finance and Development Jaume Ventura PhD, Harvard University Fernando Broner PhD, Massachusetts Institute of Technology Antonio Ciccone PhD, Stanford University Joachim Voth PhD, University of Oxford Macroeconomic Policy and Financial Markets Francesc Obiols PhD, Universitat Pompeu Fabra Albert Marcet PhD, University of Minnesota Data Science Christian Fons-Rosen PhD, London School of Economics Omiros Papaspiliopoulos PhD, Lancaster University 9

10 Academic Programs Master Programs Student Profile Academic Background 73% 7% 3% 9% 8% Economics / Finance Business Administration Mathematics / Engineering Other Subjects Political Science 50+ nationalities 34% from outside Europe 85% international students 56% less than 1 year work experience Geographic Origin 50% 10% 16% Europe (non-spain): 50% Spain: 16% North America: 10% Central & South America: 10% Africa, Asia, Oceania: 14 % 10% 14% Most represented countries Spain Germany Italy United States China India Peru United Kingdom 10

11 Juan José is from Madrid, Spain. He completed the Master in International Trade, Finance and Development and now lives in Washington, D.C. Juan José Cortina 13 Research Analyst The World Bank I really want to highlight what I think is one of the most important assets I brought with me from the Barcelona GSE: the type of students this school and program attracts. It will be impossible for me to encounter a similar context where I can learn so much from so many different people in just one year: people who have now earned my admiration. Econometrics are important, of course; but knowledge, understanding, and respect for other cultures, values, religions and beliefs are probably worth even more, especially if you are working in an international organization with people from all over the globe. Barcelona GSE students come from more than 50 different countries. Sponsors giving financial support to master students Admission to Master Programs Candidates should have strong quantitative skills and an advanced level of English. Detailed admissions process and online application: 11

12 Academic Programs Phd programs Graduate education at the Barcelona GSE rests upon two renowned international doctoral programs in economics: Graduate Program in Economics, Finance and Management (GPEFM) Jointly organized with the UPF Department of Economics and Business, GPEFM has awarded more than 200 PhD degrees since it was launched in International Doctorate in Economic Analysis (IDEA) Jointly organized with the UAB Unit of Economic Analysis, IDEA has awarded more than 160 PhD degrees since it was launched in Examples of PhD Job Market Placements Bank of England, UK European Central Bank, Germany European University Institute, Italy Federal Reserve Bank of Boston, US ITESM, Mexico London School of Economics, UK Princeton University, US Stanford Graduate School of Business, US University of California San Diego, US University of Mannheim, Germany Financial Support La Caixa-Severo Ochoa International Doctoral Fellowships La Caixa Foundation supports doctoral fellowships for students and candidates of the Barcelona GSE s PhD programs at UPF and UAB. The Foundation provides fellowships at institutions that have received the Severo Ochoa Excellence Accreditation. Support from the Spanish Ministry of Economy and Competitiveness The Ministry provides financial support to students in doctoral programs at Severo Ochoa accredited institutions. Admission to PhD Programs The applications for both doctoral programs are available online: 12

13 Continuing education Continuing education programs at the Barcelona GSE are addressed to researchers, professionals and graduate students who want to improve their competences in specific fields of knowledge. Course instructors are renowned academics and leading practitioners. Every year, hundreds of participants take part in a variety of professional courses and summer schools. Summer Schools Banking Labor Economics Macroeconometrics Microeconometrics Political Economy Professional Courses Competition Economics: Abuse of Dominance Energy Economics Quantitative Methods for Competition Analysis Systemic Risk and Prudential Regulation Registration for Continuing Education Courses Course dates and topics vary from year to year. For the current course offer and registration details, visit 13

14 About Barcelona GSE Academic Programs Alumni and Placement Faculty and Research City and Campus

15 ALUMNI AND PLACEMENT CAREER OUTLOOK FOR MASTER PROGRAM ALUMNI Barcelona GSE Alumni are working and continuing education in 70 countries worldwide 70% of graduates choose a professional career path 30% of graduates study a PhD or another master Barcelona GSE graduates who have chosen a professional career path are working as Economists, Analysts, Researchers or Consultants in industries such as banking and financial institutions, international organizations, consultancies, research institutions, think tanks or authorities, government agencies, consumer goods and utilities. Alumni who have chosen an academic career path are pursuing competitive PhD programs in Europe, US or elsewhere, providing an important network in the academia. Professional Placement by Industry Research Institutions Authorities and Government Agencies 15% Consulting Firms International Organizations 9% 6% 26% Banking and Financial Services 20% 24% Consumer Goods, Energy, IT, Telecommunications, other Harishankar Thayyil 13 Research Associate Competition Commission of India This graduate from the Master in Competition and Market Regulation has returned to his home country of India to work at the national competition commission. The Barcelona GSE master program has given me access to a network of competition economists from across the world both classmates and other alumni. It s a very valuable platform to exchange fresh ideas and perspectives on cutting edge developments related to the antitrust economics of our respective jurisdictions. Barcelona GSE alumni are working at competition authorities in 15 countries. 15

16 Alumni and Placement Examples of Professional Placements Authorities and Government Agencies European Commission French Ministry for Economy and Finance HM Treasury Mexican Federal Competition Commission South African Competition Commission UK Financial Services Authority Central Banks Bank of Chile Bank of England Bank of Italy Bank of Spain Deutsche Bundesbank European Central Bank Reserve Bank of Australia United States Federal Reserve Commercial and Investment Banks Banc Sabadell BBVA Capital One Citigroup HSBC La Caixa Société Générale Economic Consulting Firms The Brattle Group Compass Lexecon Deloitte IMS Consulting Group KPMG London Economics RBB Economics Research Institutions Brookings Institution Bruegel Capital Economics Center for Health Economics University of York Mathematica Policy Research National Bureau for Economic Research (NBER) International Organizations European Bank for Reconstruction and Development (EBRD) Inter-American Development Bank (IDB) International Monetary Fund (IMF) Organisation for Economic Co-operation and Development (OECD) World Bank World Trade Organizations (WTO) Other industries such as Consumer Goods, Utilities and Telecom AXA BMW Dell General Electric Oil&Gas Hewlett-Packard Microsoft Barcelona GSE graduates have shown to be technically skilled, driven and creative. The graduates we ve hired have been integral to our research efforts both at a technical and analytical level. Erkki Vihriala and Francesca Barbiero Recruitment Team, Bruegel, Brussels (Belgium) 16

17 Examples of PhD Program Placements Europe European University Institute London School of Economics Stockholm School of Economics Toulouse School of Economics Universidad Carlos III de Madrid Universitat Autònoma de Barcelona Universitat Pompeu Fabra University of Cambridge University of Mannheim University of Zurich United States Boston University Columbia University Cornell University Harvard University Massachusetts Institute of Technology New York University Northwestern University Stanford University University of Chicago University of Minnesota Placement by location Netherlands Amsterdam Rotterdam The Hague 14 Alumni location by region Europe (non-spain): 46% Spain: 24% CHICAGO NEW YORK SAN FRANCISCO WASHINGTON, D.C. US 82 UK 84 London Switzerland Basel Geneva Turkey 26 Zurich 18 Istanbul Germany Berlin Frankfurt 60 Mannheim Munich North America: 14% Central & South America: 10% Africa, Asia, Oceania: 6 % 14% Belgium Brussels 20 24% 46% 6% CHINA 7 ShangHai Legend COUNTRY Mexico City CITIES WITH LARGEST # ALUMNI IN THE ALUMNI COMMUNITIES COUNTRY Italy Florence Mexico Brazil Milan INDIA São Paulo 36 Rome New Delhi Colombia Bogotá 8 PERU Lima 12 10% Uruguay Montevideo 8 Argentina Buenos aires 8 Spain 181 Barcelona Madrid France Paris Toulouse 16 17

18 About Barcelona GSE Academic Programs Alumni and Placement Faculty and Research City and Campus

19 FACULTY AND RESEARCH What makes the Barcelona GSE community such an attractive environment for faculty is the collaborative spirit between our academic units and the possibility to work shoulder to shoulder with other researchers who share our commitment to rigorous scientific research. Prof. Nezih Guner Deputy Director for Research PhD, University of Rochester BARCELONA GSE AFFILIATED PROFESSORS The Barcelona GSE has over 160 faculty with PhDs in economics and related fields from top universities worldwide and tenure track positions at one of the academic units of the School. 81% hold a PhD from outside Spain 28 nationalities represented (48% from outside Spain) 12 awarded European Research Council grants for their frontier research 4 Fellows of the Econometric Society 17 researchers with ICREA research positions 30 researchers with Ramon y Cajal or Juan de la Cierva National Fellowships Faculty research impact Indicators: Impact Factor: working papers published yearly 139 total publications in researchers with H-index>9 (WoK) 18 total publications in top 5 journals in the past three years 38 researchers with H-index>7 (WoK) 19

20 Faculty and Research RESEARCH ACTIVITIES In 2011, Barcelona GSE was distinguished as one of only eight top research institutions of excellence with an international impact in the framework of Severo Ochoa Research Excellence Program, sponsored by the Spanish Ministry of Economy and Competitiveness. The Barcelona GSE is the only institution in Social Sciences and Humanities to be recognized by the program. The program grants 4 million euros over four years to each center to promote frontier research and distinguish those institutions that are defining the global scientific debate. The Barcelona GSE Summer Forum brings top researchers from around the globe to debate the present and future of the frontier of knowledge in Economics. The Summer Forum includes more than 20 workshops on specific topics across the main fields of economic research and special policy events with renowned experts. The second edition took place in June 2014 with over 650 participants from 200 institutions worldwide. Supported by The Research Recognition Program acknowledges Barcelona GSE affiliated professors who have published research papers in a list of international economic journals of high impact within the last three years. 48 publications were recognized in the latest call (2013). The Seed Grants Program provides support for applied research, especially for young researchers. 13 projects were granted support in Supported by 20

21 The Economics Trobada and Winter Workshops are annual gatherings of Barcelona GSE affiliated professors and external researchers. They provide a space where faculty across the School s research community can come together to present their latest work. Supported by The Barcelona GSE Lecture Series brings some of the world s top scholars in economics to Barcelona to share their research with the School community. More than 30 distinguished speakers to date include Alberto Alesina, Kenneth Arrow, Tim Besley, Joseph Stiglitz, and Jean Tirole, among others. Supported by The Calvó-Armengol International Prize honors the memory of Barcelona GSE Affiliated Professor and ICREA-UAB Professor Antoni Calvó-Armengol. It is awarded every two years to a top researcher in economics or social sciences younger than 40 years old for his or her contribution to the theory and comprehension of the mechanisms of social interaction. Supported by Calvó Prize recipients to date: 2010 Esther Duflo (MIT) 2012 Roland Fryer (Harvard University) 2014 Raj Chetty (Harvard University) 21

22 Faculty and Research Research Endowment Contributors: The Barcelona GSE Research Endowment exists to contribute to the attraction and retention of top academic talent of the four academic units that constitute the Barcelona GSE and increase its critical mass. Barcelona GSE Research Professors Research Professorships are funded by the School s research endowment, which is dedicated exclusively to supporting these appointments. Salvador Barberà PhD, Northwestern University UAB and Barcelona GSE Fernando Broner PhD, Massachusetts Institute of Technology CREI, UPF and Barcelona GSE Antonio Ciccone PhD, Stanford University ICREA-UPF and Barcelona GSE Giacomo De Giorgi PhD, University College London ICREA-MOVE, UAB and Barcelona GSE Joan-Maria Esteban PhD, University of Oxford IAE and Barcelona GSE Xavier Freixas PhD, University of Toulouse UPF and Barcelona GSE Jordi Galí PhD, Massachusetts Institute of Technology CREI, UPF and Barcelona GSE Nezih Guner PhD, University of Rochester ICREA-MOVE, UAB and Barcelona GSE Albert Marcet PhD, University of Minnesota ICREA-IAE and Barcelona GSE Alberto Martín PhD, Columbia University CREI, UPF and Barcelona GSE Massimo Motta PhD, London School of Economics and Université Catholique de Louvain ICREA-UPF and Barcelona GSE José-Luis Peydró PhD, INSEAD ICREA-UPF and Barcelona GSE Jaume Ventura PhD, Harvard University CREI, UPF and Barcelona GSE 22

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24 About Barcelona GSE Academic Programs Alumni and Placement Faculty and Research City and Campus

25 City and Campus LIFE IN BARCELONA The Barcelona GSE is headquartered in the Mediterranean city of Barcelona, positioned in the world as a city of change and reinvention, with high potential in economy and research and associated with talent, modernity and innovation. The Barcelona GSE offers a unique opportunity to study and conduct research at a world-class institution while enjoying the cultural, social and recreational amenities of one of the world s most exciting cities. The city of Barcelona offers a rich variety of leisure activities to suit all tastes: Green areas, parks, gardens all over the city Museums for all interests: art, history, even chocolate! Music: street festivals, clubs, Palau de la Música 4.2 km of beaches within walking distance of the city center Cuisine from all over the world and for every budget Pyrenees Mountains just two hours away by car AVE (high speed train) to many points in Spain and France Skiing, hiking, rafting, cycling, and more are easily accessible 25

26 City and Campus Ciutadella Campus (UPF) The Barcelona GSE s Ciutadella campus at Universitat Pompeu Fabra (UPF) in central Barcelona is within walking distance of both the beach and the city s financial, cultural, and governmental centers. Bellaterra Campus (UAB) The Barcelona GSE s Bellaterra campus at Universitat Autònoma de Barcelona (UAB) is a selfcontained location that offers students all of the services they need in their day-to-day lives. It is an easy half-hour train ride from the city center. The Barcelona GSE s administrative offices at Ciutadella Campus are located on the second floor of Building 23 (Mercè Rodoreda Building). The Barcelona GSE office at this campus is located in the Institute for Economic Analysis (IAE-CSIC) on the second floor (Office 107). OFFICE DIRECTORY Admissions Office admissions@barcelonagse.eu Programs Office programs.office@barcelonagse.eu Alumni and Career Office placement@barcelonagse.eu GPEFM PhD Program gpefm@upf.edu IDEA PhD Program idea@uab.es Press Office press@barcelonagse.eu Research Office research@barcelonagse.eu General Information info@barcelonagse.eu 26

27 Masters students in Ciutadella Park, next door to the Barcelona GSE s campus at UPF.

28 Barcelona Graduate School of Economics Ramon Trias Fargas , Barcelona, Spain facebook.com/barcelonagse twitter.com/barcelonagse youtube.com/barcelonagse