Online Colleges Offering Masters in Econ & Related Programs

Masters in economics takes a further exploration into how basic principles like supply and demand affect global and isolated economies. Masters in economics programs also prepare students for leadership positions in many cases. Below are some business and economics programs from highly-rated schools.

Ashford University The MBA in Business Economics at Ashford University is a specialty degree that expands on the traditional MBA to offer students an advanced look into analysis of business economics, markets, trends, and projections of the economy. The curriculum reinforces the relationship between economics and finance.
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Utica College The Master of Science degree program in Economic Crime Management from Utica College is known as a unique degree no other school provides it. At Utica, students in this program advance their knowledge on how to combat financial crime. The curriculum combines the fields of management, technology, and analytical skills with a international perspective.
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Southern New Hampshire University Southern New Hampshire University offers a 36-credit hour MS in Community Economic Development online degree. The program is designed for working professionals with at least two years experience. This degree provides you with the skills and knowledge required to design, implement, measure and lead a successful community economic development project.
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Kaplan University The Master of Science in Accounting program at Kaplan University is built to provide working professionals the skills they need to compete for mid-level management positions in both the public and private sectors. The curriculum covers auditing, taxation, cost accounting, and financial accounting. It focuses on analyzing data, management skills, and creating quality improvement.
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University of Liverpool The MS in Operations & SCM: Oil & Gas from the University of Liverpool provides students with a theoretical and practical exploration of the steps necessary for effective operations and supply management in the oil and gas industry. Courses teach the practical and strategic tenants of multinational supply chains.
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Northeastern University The MS in Taxation degree program at Northeastern University is a part time course of study perfect for tax professionals that want to stay current with industry trends and hone tax planning techniques. This program is very flexible, with three start times: Fall, Spring, and Summer.
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Grand Canyon University The MBA in Accounting degree from Grand Canyon University is designed as a specialty program to provide students the experience they need for senior and upper level management positions within business, industry, and accounting firms. The MBA in Finance focuses on the analysis of financial reporting and fiscal budgeting.
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About Master of Economics Degree

The Master of Economics degree is most often sought by students who wish to work in research, government positions, or the financial realm. In a lagging economy, many people who cannot find jobs will return to school for a Master of Economics degree because it can often land a position in research or working for the government. Students who want to eventually obtain a PhD in economics will also complete a master’s in the subject, especially when their undergrad work is in an unrelated field. Unlike some other master’s programs, those in economics accept students who are fresh out of undergrad school. You do not have to work in economics or at any job in particular in order to qualify for a master’s in economics program.

What Do I Need to Get Into a Master’s in Economics Program?

Students need a bachelor’s degree, a letter of recommendation, and scores from the Graduate Records Exam (GRE). These things are required by nearly all graduate programs for economics. Some schools do not require a student’s undergrad degree to be in a related field, while others only accept students with a related degree such as finance or business. Most online programs will accept any student with an accredited bachelor’s degree. The schools that are particular about undergrad work are recognizable traditional schools with extensive and established economics and finance programs. The GRE is usually the most important factor in deciding whether to admit a student, for both online and traditional programs.

What Kind of Letter of Recommendation Do I Send?

Because this master’s program does not require a student to work before applying, the letter of recommendation can be completed by a professor or teaching assistant. It should be written by someone who knows of your academic and career endeavors, and is able to present you in the best possible light for the panel. If you have done any volunteer work in the economics, for a non-profit organization, or any other company, your supervisor for those projects can also create a letter of recommendation for you; it should be someone who has known you long enough to comment on your aspirations within economics and finance.

Are There Online Programs for a Master’s in Economics?

There are many accredited sources for earning a master’s in economics online. This can be done part time or full time. Many students choose to work full time, but still want to obtain their master’s degree. Online programs offer flexibility to complete a program at your own pace. A syllabus shows you when assignments are due and tests are given, but the work is done independently. A master’s in economics can be completed entirely online. When researching schools, make sure the program you’re looking into is accredited. This is crucial to your career opportunities after you’ve completed the program.

Set up an appointment with an academic advisor to discuss the program, how long it takes most students to complete and the qualifications and experience of staff. Experienced instructors matter greatly for online programs. Those who have a few years of experience know how to conduct online courses that are just as interesting and lively as a traditional classroom. Remember that just because a program is completed online, it still requires the same amount of time and commitment as a traditional degree. Online programs offer convenience, but they are never the easier option or require less of students. They often require more because students must be disciplined, adhere to deadlines, and participate in online discussions to keep abreast of material in a timely manner.

How Long Does It Take to Complete Master’s in Economics?

Most master’s programs for this subject range from one year to two years. It depends on the program and how many hours a student is taking during the beginning portion of the degree. The beginning of a master’s degree revolves around course work. Students are able to break this up into a part time schedule if they wish. Part time master’s programs are common for both traditional and online schools. Not all students are able to participate in school full time, so it may take these students anywhere from six months to a year longer to complete the same degree. For most students to complete the requirements of the average master’s in economics program, it takes two years to earn the degree. During the latter part of the program, students work on a thesis. Eventually the thesis must be presented and defended in front of a panel. Not all programs require a student defend a thesis, but it is still common practice at schools with established programs. If you attend a program that’s an extension of a traditional school, you’re often required to make an appointment to defend your thesis before a committee.

Do I Need Master’s in Economics?

If you currently work in economics or the financial sector, you will have more opportunities and increase your earnings with a master’s degree. While the degree itself does not promise a fancy job or major paycheck, the combination of working experience and a master’s is enough to get you interviews you previously did not qualify for. Those working in economics often work for the government or for schools, where education is the deciding factor in giving a person more responsibility or promoting them. Some reports show that those with a master’s in economics earned the same as top paid executives who hold MBAs.

Subjects for a Master’s in Economics

This degree goes beyond the basics learned by business students in undergrad. It is a complex subject, but excellent for those who love numbers and statistics. Students study subjects such as:

  • Financial economics
  • Econometric fields
  • Accounting
  • Managerial economics
  • Applied economics
  • Microeconomic theory
  • Quantitative techniques

Economic theory is taught where economies from the past are analyzed. Theories from noted economists such as Karl Marx, Adam Smith, and Milton Friedman are studied. Armed with this information, students become more aware of economic trends and why they happen. Studying the past also makes students fit for analyzing current events to help guide and implement legislation and public policy that greatly affects society.

The curriculum at some schools largely depends on if the program is geared towards future PhD students and those working in academia or students who will apply the material to the workplace. Public policy is a major area of study for students who will work for the government, as are labor statistics. During course work, students will learn about Medicaid, unemployment, and health care legislation from past to present. During a rough economy, economists are needed for many areas in the government and private companies also want expert consultants to discuss what the next move should be in shaky territory.

Master of Economics and PhD in Economics

Many schools do not offer a master of economics, but do offer a PhD in the subject. These programs are intended for those who are getting their PhD, and offer them a joint degree that allows the student to obtain a master’s in the process. This is common for other programs such as dental assistant to dental hygienist or the RN to MSN bridge program. These joint programs are typically intended for those working in research, while schools that offer the stand alone Master of Economics degree program intend for students to work in finance or economics after finishing their degree. The joint programs for PhD candidates can take up to six years to complete, or longer if a student is attending school part time. There are PhD in economics programs offered online, but very few are the joint master’s and PhD program. This is something for students to consider when researching options. The type of program you want depends on career plans post-diploma.

Focused Degrees for Masters of Economics Programs

Students seeking a master’s of economics program can have an area of concentration. This is not required by most programs, although some ask that a student focus their studies on one area, especially when the schools offers very developed programs in multiple economic fields. These areas include international (sometimes referred to as global) business, agriculture economics, development economics, and financial economics.

Math and Economics

Although some programs do not require a background directly in economics, students should be prepared for graduate level course work in math. Math is a major part of any master’s in economics program. Multivariable calculus, mathematical analysis, and linear algebra are all areas studied in a master’s program. Statistics and probability are also subjects that students take when studying for this degree. Students learn how to forecast data, study economic profit, analyze economic growth, and run regressions. Software is used for all math work done in a master’s level economics program, but students should be very comfortable working with numbers.

 

Complete List of Campuses that have Masters in Economics Programs

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