A master’s in Economics puts you at the top of employers’ lists. The Best Online Master’s Degrees in Economics can help you get there.
Many fields nowadays require a master’s degree. What better way to finish up your schooling then online on your own time? These online degree programs provide you with tremendous value.
Whether you’re looking to take the path of a consultant or market researcher, having a master’s makes a difference. It shows that you’ve mastered analyzing and forming conclusions. Many median salaries in this field are upwards of $100,000.
What is an Economics Master’s degree?
Getting your master’s in Economics can offer you plenty of different opportunities. This degree will help you develop the analytical skills in industries such as business, banking, government, agriculture and even more. This degree is perfect for someone who can sort and interpret data and use mathematics to draw conclusions about their research.
You’ll also learn how to summarize and communicate this data to others, whether it be business leaders or even legislators. Studying economics at a graduate level can give you easier access (and higher pay) in jobs such as:
- Economic Consultant
- Public Sector Roles
- Market Research Analyst
How much can you earn with a Master’s in Economics?
Now we’re getting into the fun part—how much you’ll make The median salary for an economist as of 2018 was $104,340 per year according to The Bureau of Labor Statistics.
This is higher than the median salary for those holding a graduate degree, which is at $78,000. If you’re looking for a career in a growing market, then an M.Econ may be your best bet. The projected growth of the field is 6 percent from 2016 to 2026, fairly moderate but favoring those with their master’s. Those working in the federal government earned the most with a median salary of $119,590.
Accountants, a similar degree, earned an average of $70,500 per year. We’ve ranked both the Best Accounting Master’s Degrees and the Best Finance Degrees.
What is required for a Master’s in Economics?
In order to get an M.Econ, you must fulfill certain requirements. Although you don’t need to have your Bachelor’s in Economics, you will need to have a certain background in coursework. Calculus is one of the highest prerequisites for getting your M.Econ. Good performance in math classes may also help you stand out in the application process. Most schools require an undergraduate GPA of at least 3.5. Some schools specifically want GRE scores, and they must be in the 80th percentile or higher for certain sections.
What are the best Economics degrees?
OSR uses six data points: three school-wide and three program specific. For school-wide, OSR uses Student Satisfaction, Admission Rates, and the number of programs the school offers online. For program specific, OSR checks the Median Debt of graduates from that program, how many degrees are offered within that program’s umbrella department, and what percentage of students at that school graduated from that department.
The six statistics are displayed by each school. The sliding bar under each statistic represents how that school compares to other US institutions. “Not reported” means a school did not release that information to the US Department of Education. A more detailed description of the OSR process can be found on the methodology page.
