At the graduate level, interested students can pursue a Master of Science in Applied Economics and Master of Business Administration (MBA) dual degree program or, more commonly, a Master of Arts (MA) in Economics and MBA dual degree program. These dual degree programs typically still require comprehensive exams and may offer MBA internship opportunities, various areas of concentration and/or flexible online or evening courses. Find out more about this dual degree program below.
Information for MBA & Economics Dual Degree Programs
Pursuing a dual MBA and economics degree program can cut the amount of time it would take to pursue the two degrees separately, allowing students to complete the dual program full-time in as little as five semesters. Part-time options may also be available. Although coursework may vary based on areas of concentration, explore some of the common courses required in these dual degree programs.
The economics portion of an MBA and economics dual degree program typically includes a course that focuses on the concepts and mathematics associated with microeconomics. Students explore a wide range of topics, including market structures, consumer behavior, production, elementary game theory and budget constraints. These courses are typically lecture-based.
Another lecture-based course for the economics portion of the program is a course in macroeconomics. These courses study concepts like the effects of fiscal policy on different frameworks, determinants of economic growth and the various mathematical models that describe these long-term and short-term fluctuations. These courses often include readings from economic journals and the analysis of data sets.
Financial Reporting and Analysis
A common course for the MBA portion of the dual degree program is one in financial reporting and analysis that is designed to train students to interpret and analyze financial statements. These lecture-based courses discuss the different terminology, formats and accounting choices and methods that may be included in these statements. Students in these courses often participate in group discussions about investment issues.
Leading/Managing People and Organizations
The MBA portion of the dual degree program aims to equip students with the necessary skills to take on leadership positions; therefore, it usually includes a course on leading and managing people and organizations. These courses explore the different management techniques at the individual, group and organizational levels through case studies and simulations. Specific topics may include reward systems, personal development, managing change, organization dynamics and effects of the external environment.
Most MBA programs require a course in business ethics that may focus on the domestic and/or global levels. These courses typically include projects that allow students to apply the concepts they discuss. Some of these specific concepts may be ethics within organizations, global issues and the impact of the global economy on economic sectors.
Common Entrance Requirements
Dual MBA and economics degree programs typically require students to apply and be accepted into both portions of the program. Due to the competitive nature of MBA programs, some dual degree programs may allow students to pursue an MA in Economics on its own if they are not accepted into the MBA program first. Applicants to these dual degree programs are usually required to submit their official transcripts, GRE or GMAT test scores, letters of recommendation, a personal statement/essay and/or a resume. Although it is not usually required, some MBA programs may prefer applicants with related work experience, though they may instead select candidates with high GPAs or test scores.
Graduates of MBA and economics dual degree programs may be more competitive in the job market and are prepared to take on leadership roles. These programs may offer flexible formats for portions of the program and still require comprehensive exams.