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Guide to Master's Degree

How to Get a Master's Degree in Economics

Economics master's degree programs are a popular choice among students who would like to research and otherwise work in government institutions, private business, or research institutes. Graduates of master's degree programs in economics often go on to careers in:

If you're interested in teaching at a college or university, you need to continue your studies and earn a doctoral degree in economics. Graduates of master's degree programs are more likely to research or work in private or government industry in credit agencies or international organizations like the World Bank.

Step 1: Discover Degree Distinctions Within Economics Master's Degree Programs

The economics degree is complex and multi-faceted. Different schools offer different types of degrees as well as a range of degree types and specialization choices to potential students. Ultimately, students choose from the following major types of economics degrees:

These degrees are considered academically equivalent; neither is considered to be more challenging or preferred over the other. Your choice between a theory-based or research-based economics master's degree depends fully on your own preferences and career goals. Take a look at a few popular degree distinctions within master's degrees in economics:


More Economics Master's Degree Specializations

Economics is a broad field, and students have a lot of options to choose from in terms of master's degree specializations. Consider a few other popular specializations among economics degrees:

In addition to these dedicated economics degrees, the degree is sometimes rolled up into an MBA program; it is not uncommon to find MBA schools that offer specializations or coursework in economics.

Step 2: Compile a List of Potential Economics Master's Degree Programs

Once you've considered the range of specializations and majors, create a list of potential economics master's degree programs. Seek out resources online to create your list; as you research, you can learn more about potential specializations and other offers from online and campus economics programs. Use the following resources to start your search:

Use these resources to compile a list of potential economics degree programs. Once you have a list of schools, you can begin narrowing down your options based on accreditation and personal preferences. For now, try to create a list that includes each school that interests you.

Step 3: Choose From Campus and Online Economics Master's Degree Programs

Think about how you would prefer to earn your economics master's degree. Because you typically don't need to do research work in a lab to earn a master's degree in economics, you can find many options for campus and online master's degree programs and hybrid programs that contain components from both.

Customize your degree program to meet your needs by choosing the method best suited to earning your degree. Students with full-time jobs, adult learners, and independent students often thrive in online degree programs designed for working adults. Your personality and needs help determine which type of master's degree program is right for you.

Use WorldWideLearn.com's online education resources to learn more about online degrees as you decide if you'd like to earn a master's degree online:

Whether you're interested in the hands-on, face-to-face interaction you find in a campus classroom or the independence and accessibility of an online master's degree program, your choice should reflect your needs as a student.

Step 4: Confirm Accreditation for Each Economics Master's Degree Program

Help control the quality of your own education by confirming each school's accreditation. By determining the accreditation status of each economics school on your list, you work to ensure that your degree meets the standards set by all schools. The accreditation process requires a third-party agency that evaluates schools for overall quality, based on factors like:

Make sure that all campusand online master's degree programs on your list are accredited. By confirming the current accreditation status of each economics institution, you enjoy a range of benefits:

Search the U.S. Department of Education's accreditation database for the economics schools on your list. While this step does take time, it's an easy way to ensure you enjoy the rewards of the accreditation process. For basic facts on accreditation, see WorldWideLearn.com's guide.

Step 5: Narrow Down Your Economics Master's Degree Options

At this point, you should have created a list of accredited campus and online master's degree programs in economics. Next, focus your list by considering each school in terms of your personal requirements. Allow your preferences to focus your options as you begin eliminating potential schools. Use the following categories to get started:

Work your way through the list to create a final list of preferences. Your shorter list should give you the confidence that you're choosing schools that truly reflect your needs. After you've narrowed down your list, begin the degree application process by sending your application information to only your strongest options.

How to Apply for Economics Master's Degree Programs

Your careful research pays off when the time comes to apply to your best economics master's degree programs. Because you've narrowed your options down to a short list of preferred schools, you should save time and money when you apply.

You need to submit a different application to each school. Keep the following in mind as you begin the process:

In the end, your school research pays off. The process requires time and effort, but you can benefit from getting more details about the economics degree you eventually pursue. When the time comes to apply to your top schools, you can be confident that you have made informed choices about where you want to apply.

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Virginia College

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Strayer University

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