Application Deadline: January 31st 2018
The Japan-IMF Scholarship Program for Advanced Studies (JISP) is a two-year program intended to help Japanese nationals obtaining Ph.D. degrees in macroeconomics and preparing them to work as economists at the International Monetary Fund (IMF).
The scholarship is funded by the government of Japan and administered by the IMF’s Capacity Development (ICD) with assistance from the Institute of International Education (IIE).
Up to seven scholarships are awarded annually on a competitive basis to students with a record of high academic achievement. All JISP scholars are required to apply to the IMF’s Economist Program (EP) upon completion of their doctoral studies and to accept an EP position if offered. Scholars who do not comply with this condition will be asked to repay the scholarship cost.
To be eligible, an applicant must be:
- A Japanese citizen.
- Able to obtain a Ph.D.by age 34.
- Studying at, or applying to, a Ph.D. program in macroeconomics at a university outside of Japan. Only universities with a strong doctoral program in macroeconomics are eligible.
- Entering the 1st, 2nd or 3rd year of the Ph.D. program.
By accepting the JISP award, scholars commit to:
- Study at a university that is located outside of Japan and has a strong Ph.D. program in macroeconomics;
- Remain a full-time graduate student in a Ph.D. program in macroeconomics for the duration of the two-year scholarship; maintain high academic performance (minimum average of B); and pass all required qualifying exams;
- Refrain from accepting any other funding while under the JISP;
- Complete a 10–13 week paid internship at the IMF; and
- Apply to the IMF’s Economist Program during the last year of Ph.D. or later but before the age of 34 and accept IMF employment offer if one is extended.
Scholars who do not comply with the above conditions will be required to repay the JISP award.
The JISP covers all reasonable expenses for two years of graduate study including:
- Full university tuition and fees;
- Medical insurance;
- Annual book allowance and monthly living allowance;
- Selected travel expenses; and
- Paid summer internship.
To cover the remaining years of study, JISP scholars are expected to secure another source of funding, usually through Research or Teaching Assistantship at their university.
is available online at www.iie.org/jisp. It must be completed in English and include the following:
- A personal statement focusing on the applicant’s background, career goals, and interest in working as an IMF economist;
- A complete university transcript for the applicant’s prior studies and, if already a graduate student, a current university transcript;
- GRE and TOEFL or IELTS scores;
- A copy of one application to a Ph.D. program; and
- Two reference letters.
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