What You Should Know About This Degree
Most economists need an advanced degree to work in the field. However, many entry-level jobs in economics, especially those in government, only require a bachelor’s degree. Undergraduate programs typically offer either a Bachelor of Science or a Bachelor of Arts in Economics. A Bachelor of Science focuses heavily on math and statistics, whereas a Bachelor of Arts has a math component, but focuses more on the behavioral aspect of economics.
Whichever path you choose, it’s important to look for an undergraduate program that is accredited by the Council on Higher Education Accreditation or the U.S. Department of Education, which give an institution and its graduates credibility with other institutions and employers.
The job outlook for those who earn this degree is strong. Jobs for economists are projected to grow at a rate of 14% over the next decade. Jobs for similar occupations, such as actuaries, financial analysts, and market researchers, are also projected to grow faster than average.
Here are some questions to ask when researching online bachelor’s in economics programs:
- Am I eligible for this program? Prospective students seeking a bachelor’s degree in economics must meet certain criteria to be considered for enrollment. Bachelor’s degrees typically require applicants to have a high school diploma or equivalency. Some colleges set minimum GPA requirements and ask candidates to submit standardized test scores. Before applying, check the program’s admissions requirements to confirm that you meet their qualifications.
- How long does it take to complete this online degree? The amount of time it takes to complete a bachelor’s program in economics depends on various factors. However, full-time students usually earn a bachelor’s degree in four years.
As you research programs, note what application materials you must submit for each program. You should also keep track of application deadlines. You can usually find information about each program’s application process by reviewing their website or contacting their admissions department.
It is also important to consider how you will finance your graduate education. Tuition and fees vary by program. Some funding opportunities may include scholarships, loans, and grants. If you work, you should also ask your employer about educational assistance programs.