While entry-level jobs in economics can require only a bachelor's degree, most private-sector jobs demand applicants to have a graduate degree in economics. Economics master's degree programs often have stringent requirements. All students must have a bachelor's degree from an accredited institution, but the degree does not necessarily need to be in economics. Students also may be required to complete certain calculus courses. The more competitive schools may expect a few years of professional experience in economics or a related field. Most programs take about 2 years to complete.
Master's Degree in Economics
The coursework in an economics master's degree program is generally flexible, in order to accommodate the myriad of economic specialties. Curricula usually cover introductory concepts in macro and micro economic theory before students delve into their given specialty. Some of these core concepts may include:
- Economic growth
- Economic forecasting
- Numerical computation
Popular Career Options
Although all economists work to monitor and analyze economic information, they may work in a variety of specialized fields at the professional level. Economists may study the financial information of specific industries, companies or time periods. Possible job titles could include:
- Industrial economists
- Financial economists
Continuing Education Information
Graduates of a master's degree program in economics can seek immediate employment without further education. However, while a bachelor's or master's degree can qualify professionals for economic work, top economists within most organizations must typically have a Ph.D. in Economics. These programs are ideal for those who want higher-level positions, including college professors.
Students seeking to advance their careers or desire to specialize in specific areas of economics should consider a master of science in economics. The degree will help sharpen your skills and broaden your knowledge of theories, research, and trends in economics.