Graduate Degree in Health Economics: Program Overviews

Master's and PhD program courses in health economics may focus on both the financing and administering functions of U.S. healthcare institutions. Critical thinking, decision-making, and scientific methods could also be studied.

Essential Information

Graduate degree programs in health economics can lead to a master's or doctoral degree. These programs usually last between one and two years. Admission requirements might include a bachelor's degree, minimum GPA, and work experience. Concentrations and specializations are offered by some schools; in doctoral programs, students typically choose a specialization in their second year of study.

Master's degree programs may request that applicants have a bachelor's degree, a satisfactory GPA, and have completed courses in subjects such as calculus and economics. Some schools may recommend that prospective students have work experience.

Before being admitted to a PhD program, applicants may be required to have a bachelor's or graduate degree and a satisfactory GPA. Some schools request a personal statement and a resume as well.

  • Program Levels in Health Economics: Master's and doctoral degrees
  • Prerequisites: Bachelor's degree, minimum undergraduate GPA, work experience
  • Program Length: One to two years

Master of Science in Health Economics

Students enrolled in a Master of Science in Health Economics program may learn more about international health and management. Some academic disciplines concentrate on economic metrics, healthcare technology, and quality studies. Depending on the program, it could take a year to two years to earn a master's degree. Some course topics in a graduate degree program in health economics might include:

  • Analytic methods
  • Econometrics
  • Epidemiology
  • Biostatistics
  • Health policy

Ph.D. in Health Economics

Doctoral students in health economic programs may learn about microeconomic theories, research methods, and healthcare-related literature. Individuals may have the opportunity to gain a general education their first year and focus on a concentration, such as applied economics or economic evaluation, their second year. Empirical analyses, quantitative methods and economic dimensions are areas that PhD programs could focus on. Other course topics might include:

  • Public health research
  • Healthcare systems
  • Statistical inference
  • Proposal writing
  • Systematic reviews

Popular Career Options

Health economists are eligible to work in a variety of areas, both in the U.S. and internationally. Career opportunities include state health agencies, hospital chains, health insurers, and consulting firms.

Employment Outlook & Salary Information

The U.S. Bureau of Labor Statistics (BLS) estimated that between 2014 and 2024 employment of medical and health services managers was expected to see a 17% growth rate, which is much faster than the average of other occupations (www.bls.gov). As the medical industry grows, so will the necessity for managers to help with business operations, cites the BLS. Payscale.com reported in August 2016 that healthcare administrators made a yearly salary that ranged from $31,667 and $105,060, including bonus and other perks.

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