What You Should Know About This Degree
When choosing a graduate program in economics, you should also consider pursuing a Master of Finance degree. Finance uses mathematical principles and theories to perform financial analysis, risk management, and forecasting. Graduates often work in investment banking or corporate finance as fund managers or financial advisors. On the other hand, economics focuses on future and past risks associated with goods and services. It analyzes how the overall economy works to make strategic decisions and develop new economic policies. Finance often deals with the present, specializing in day-to-day financial transactions and operations. This field is often more technical than economics and focuses on the real-world application of financial methodologies. While economists are prepared to work in financial institutions, they often pursue research positions and careers in academia. Determine which job opportunities you would like to be eligible for when considering a field of study.
Certifications in micro and macro economics can help future economists gain a competitive edge when applying for jobs in the global workforce. The National Development Council, American Academy of Financial Management, and National Economic Development Council all award certifications in the field of economics. Graduates should consider obtaining certifications such as the Economic Development Finance Professional, Chartered Economist, and Certified Economic Developer.
Ask yourself these questions when researching Master’s in Economics degree programs:
- Am I eligible for this program? Students must hold a bachelor’s degree or equivalent to pursue a master’s degree in economics. Many programs also require a minimum GPA and Graduate Record Examination (GRE) score. Some may also require letters of recommendation and professional work experience.
- How long does it take to complete this online degree? Most graduate programs in economics take two years of full-time study to complete. The programs on our list require a minimum of 30 credits and a maximum of 51 credits to graduate.
Application deadlines and entry requirements vary by program. Research detailed information about the program to which you are applying by visiting the school’s website.
Graduate degree programs require a financial investment. Consider how you will pay for your education. There are scholarships and grants, as well as federal student aid, that you might be eligible to receive. Some employers may also pay part or all of your tuition fees.