Best Online Master's in Economics Programs 2023
Online Master’s in Economics programs offer a convenient and flexible way for individuals to advance their education and career prospects in the field of economics.Â
These programs typically provide a comprehensive curriculum that covers various aspects of economics, including microeconomics, macroeconomics, econometrics, and specialized areas such as financial economics or international economics.Â
With the growing demand for economic expertise in both public and private sectors, these online programs offer a convenient pathway to acquire the knowledge and skills necessary for a successful career in economics.
Is Masters in Economics worth it?
A Master’s in Economics can significantly enhance career growth prospects, opening doors to more advanced and specialized positions within these fields.Â
It equips graduates with a strong analytical skill set and the ability to understand and interpret complex economic data, making them highly desirable candidates in various industries.Â
Moreover, the average salary for individuals with a Master’s in Economics tends to be higher than those with only a bachelor’s degree, reflecting the increased earning potential that comes with this advanced qualification.Â
Georgia Southern University
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Average Undergrad Tuition
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In-state: $4,371
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Out-of-state: $15,425
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Average Graduate Tuition
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In-state: $4,977
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Out-of-state: $19,890
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Acceptance Rate: 54%
American University
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Average Undergrad Tuition
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In-state: $49,070
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Out-of-state: $49,070
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Average Graduate Tuition
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In-state: $30,351
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Out-of-state: $30,351
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Acceptance Rate: 36%
Purdue University
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Average Undergrad Tuition
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In-state: $9,208
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Out-of-state: $28,010
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Average Graduate Tuition
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In-state: $9,208
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Out-of-state: $28,010
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Acceptance Rate: 60%
What can I do with a Master's in Economics?
Economist: Economists analyze economic data, conduct research, and provide insights into economic trends and policies. Entry-level economist positions typically start at around $60,000 to $80,000 per year, but with experience and specialization, salaries can range from $90,000 to well over $100,000 annually.
Financial Analyst: Financial analysts assess financial data, market trends, and investment opportunities. Salaries for financial analysts generally start at $60,000 to $80,000 and can reach well over $100,000 as they gain expertise and experience.
Data Analyst: Data analysts in economics use statistical and data analysis tools to interpret economic data. Entry-level positions may offer salaries between $50,000 and $70,000, with the potential to earn higher incomes with experience.
Policy Analyst: Policy analysts work for government agencies, think tanks, or research organizations, providing recommendations on economic and public policy issues. Salaries can vary widely, starting around $50,000 to $80,000 and potentially exceeding $100,000 for seasoned professionals.
Market Research Analyst: Market research analysts study market conditions and consumer behavior to help companies make informed business decisions. Entry-level positions usually offer salaries in the range of $50,000 to $70,000, with the potential to earn more as you progress in your career.
Consultant: Economic consultants offer their expertise to businesses and organizations, helping them solve complex problems and make strategic decisions. Consulting salaries can vary greatly but often start at $70,000 to $100,000 or more, depending on the firm and specialization.
Academic Researcher or Educator: With a Master’s in Economics, you can pursue further studies and become a professor or researcher at universities or research institutions. Salaries vary based on the institution and your level of experience, but they can range from $50,000 to $100,000 or more.
International Economics Specialist: Individuals specializing in international economics may work for government agencies, multinational corporations, or international organizations. Salaries can vary, but experienced professionals may earn well over $100,000 annually.
Best Online Master's in Economics Programs
1. Georgia Southern University
The Online Master’s in Economics Program at Georgia Southern University offers a flexible and accessible pathway to a graduate degree in economics.Â
Admission eligibility requirements typically include a bachelor’s degree from an accredited institution, along with submission of transcripts, letters of recommendation, and a statement of purpose.Â
While specific GPA requirements may vary, a competitive GPA, often around 3.0 or higher, is usually expected. The program’s curriculum covers a broad spectrum of economic topics, including microeconomics, macroeconomics, econometrics, and electives in specialized areas.Â
With a total of 30 credit hours, students can tailor their studies to align with their career goals. The university also offers various funding support options, including scholarships, assistantships, and financial aid, to help students manage the cost of their education.Â
Georgia Southern University’s Online Master’s in Economics Program combines academic rigor with the convenience of online learning, making it an attractive choice for those seeking to advance their career in the field of economics.
Georgia Southern University
-
Average Undergrad Tuition
-
In-state: $4,371
-
Out-of-state: $15,425
-
Average Graduate Tuition
-
In-state: $4,977
-
Out-of-state: $19,890
-
Acceptance Rate: 54%
2. American University
The Online Master’s in Economics Programs at American University provide a dynamic and convenient platform for students aspiring to excel in the field of economics.Â
Admission eligibility requirements generally include a completed bachelor’s degree from an accredited institution, and while GPA criteria may fluctuate, a strong academic record is commonly expected.Â
The program boasts a comprehensive curriculum covering topics like microeconomics, macroeconomics, econometrics, and various specialized courses tailored to students’ interests.Â
With a typical requirement of 30-36 credit hours, the program allows flexibility in tailoring one’s academic journey.Â
American University also extends a range of funding support options, including scholarships and financial aid, making this program more accessible to a diverse array of students.Â
American University’s Online Master’s in Economics Programs are an excellent choice for those looking to expand their expertise and make a meaningful impact in economics, with the added advantage of flexible online learning.
American University
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Average Undergrad Tuition
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In-state: $49,070
-
Out-of-state: $49,070
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Average Graduate Tuition
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In-state: $30,351
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Out-of-state: $30,351
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Acceptance Rate: 36%
3. Purdue University
The Online Master’s in Economics Programs at Purdue University offer a robust and flexible academic experience for individuals seeking to advance their careers in economics.Â
Admission eligibility typically requires applicants to hold a bachelor’s degree from an accredited institution, and while GPA requirements can vary, a competitive academic record is generally expected.Â
The program features a comprehensive curriculum covering a broad range of economic subjects, including microeconomics, macroeconomics, econometrics, and specialized elective courses.Â
With a typical requirement of 30 credit hours, students have the flexibility to customize their academic journey to suit their specific interests and career goals.Â
Purdue University also provides various funding support options, such as scholarships, assistantships, and financial aid, to help students manage the cost of their education.
 With its strong academic reputation and commitment to accessible online learning, Purdue University’s Online Master’s in Economics Programs are an excellent choice for those looking to excel in the field of economics.
Purdue University
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Average Undergrad Tuition
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In-state: $9,208
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Out-of-state: $28,010
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Average Graduate Tuition
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In-state: $9,208
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Out-of-state: $28,010
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Acceptance Rate: 60%
4. University of Missouri
The Online Master’s in Economics Programs at the University of Missouri offer a high-quality education with a strong academic reputation. As a respected institution, the University of Missouri is known for its commitment to academic excellence.Â
Admission eligibility typically requires applicants to have a bachelor’s degree from an accredited institution, and while GPA requirements may vary, a strong academic record is usually expected.Â
The program features a diverse curriculum, including courses in microeconomics, macroeconomics, econometrics, and specialized electives, allowing students to tailor their studies to their career aspirations.Â
With a typical requirement of 30 credit hours, students can complete the program at their own pace.Â
The University of Missouri also provides various funding support options, including scholarships, assistantships, and financial aid, to assist students in managing the cost of their education.Â
For those seeking a top-tier education in economics delivered through the convenience of online learning, the University of Missouri’s Online Master’s in Economics Programs is a valuable choice.
University of Missouri
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Average Undergrad Tuition
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In-state: $9,120
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Out-of-state: $26,991
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Average Graduate Tuition
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In-state: $9,264
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Out-of-state: $25,363
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Acceptance Rate: 81%
5. University of North Dakota
The Online Master’s in Economics Programs at the University of North Dakota offer a quality education from an institution with a strong academic tradition. While the university’s overall ranking may vary, it is known for its commitment to academic excellence and providing accessible online education.Â
Admission eligibility generally requires a bachelor’s degree from an accredited institution, and while GPA requirements may differ, a competitive academic record is typically expected.Â
The program provides a well-rounded curriculum that covers various facets of economics, including microeconomics, macroeconomics, econometrics, and specialized elective courses, allowing students to customize their educational path.Â
With a usual requirement of 30 credit hours, this program provides flexibility for working professionals and those with busy schedules.Â
The University of North Dakota also offers funding support options, such as scholarships and financial aid, to help students manage the cost of their education.Â
For individuals looking for a reputable institution offering online Master’s in Economics Programs, the University of North Dakota is a compelling choice.
University of North Dakota
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Average Undergrad Tuition
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In-state: $8,212
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Out-of-state: $14,371
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Average Graduate Tuition
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In-state: $10,534
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Out-of-state: $18,434
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Acceptance Rate: 81%
What are the admission requirements for an online Master's in Economics program?
Admission requirements can vary by institution but typically include a bachelor’s degree, letters of recommendation, a statement of purpose, and transcripts. Some programs may also require GRE scores.
How long does it take to complete an online Master's in Economics program?
Most online master’s in economics programs can be completed in 1.5 to 2 years of full-time study. Part-time options may take longer.
Are online Master's in Economics programs as reputable as on-campus programs?
The reputation of an online program depends on the institution offering it. Many well-respected universities offer online economics programs that are on par with their on-campus counterparts.
Can I work while pursuing an online Master's in Economics?
Yes, online programs are designed to be flexible, making it easier for students to work while earning their degree.
What courses are typically covered in an online Master's in Economics program?
Core courses usually include microeconomics, macroeconomics, econometrics, and quantitative analysis. Elective courses may cover specialized areas like international economics, financial economics, and public policy.
Is financial aid available for online master's in economics programs?
Many universities offer financial aid, scholarships, and assistantships to online students. Check with your chosen institution for specific opportunities.
What is the cost of an online Master's in Economics program?
Tuition costs can vary widely, depending on the university and program. Public universities may have lower tuition rates for in-state residents.
Do I need prior experience in economics to apply for a Master's in Economics program?
While some programs may prefer applicants with a background in economics, many will admit students from diverse academic backgrounds. Additional coursework or prerequisites may be required for those without a prior economics background.
Are there opportunities for networking and collaboration in an online program?
Many online programs provide opportunities for students to network and collaborate through discussion forums, group projects, and virtual events.
What can I do with a Master's in Economics?
Graduates with a Master’s in Economics can pursue careers as economists, financial analysts, data analysts, policy analysts, consultants, and educators, among others, in a variety of sectors, including government, finance, and academia.
