Master of Economics in the USA is a one to two years course, and the typical fee for the first year ranges from $12,000 to $55,000. This course is offered as a Master of Arts and Master of Science in Economics.
Most of the programs offered by the universities for Master of Economics are stem-designated.
Generally, students must take compulsory courses focusing on economic theory and electives to specialize in certain aspects such as data analysis, global economics, energy, etc.
After completing the program, graduates can find jobs in different fields, such as financial institutions, law firms, government offices, etc. The average salary for a Master of Economics in the USA is $82,000.
Why study Master of Economics in the USA?
- Programs with courses focusing on modern-day problems and scenarios of economics.
- Specialization tracks are available for different facets of economics.
- Top universities in the USA are offering the program.
- Specialized Master of Economics programs focusing on energy, food, environment, etc., are also available.
- Accredited courses and degrees recognized internationally.
- Generous funding and graduate assistantship opportunities.
Top Universities for Master of Economics in the USA
Master of economics is offered by a wide range of universities in the USA. Some universities offer traditional master of economics programs focusing on traditional economic theory and practices. In contrast, some universities offer programs that focus on current scenarios and use case-based teaching methods.
Those good with data and numbers can also specialize in data analytics to build their career as data analysts.
|
Universities |
Program |
|
Columbia University |
MA in Economics |
|
Pennsylvania State University |
Energy, Environmental, and Food Economics |
|
Boston University |
MA in Economics |
|
Tufts University |
MS in Economics |
|
The New School |
MSc in Economics |
|
University of Denver |
Master of Arts in Global Economic Affairs |
|
University of San Francisco |
MS in Applied Economics |
|
The University of Texas at Arlington |
MS in Economics Data Analysis |
|
Portland State University |
Master in Economics |
|
The University of Texas at Dallas |
Master of Science in Economics |
|
Georgetown University |
MA in Applied Economics |
|
University of Nevada |
MS/MA in Economics |
|
Wichita State University |
MA in Applied Economics |
|
San Jose State University |
MA in Economics |
|
Texas State University |
Quantitative Finance and Economics (MSc) |
|
Talk to an ExpertMaster of Economics in the USA: Tuition Fees for international student
|
Universities |
Course Duration |
Average Annual Tuition fee |
|
Columbia University |
2 years |
$41,824 |
|
Pennsylvania State University |
2 year |
$ 36,974 |
|
Boston University |
1 year |
$ 58,560 |
|
Tufts University |
1-2 year |
$ 54,196 |
|
The New School |
3 years |
$33,900 |
|
University of Denver |
NA |
$ 26,820 |
|
University of San Francisco |
2 years |
$ 27,180 |
|
The University of Texas at Arlington |
1.5 year |
$20,620 |
|
Portland State University |
2 years |
$13,086 |
|
The University of Texas at Dallas |
2 years |
$37,644 |
|
Georgetown University |
1 year |
$ 44,334 |
|
University of Nevada |
1.5-2 years |
$ 21,589 |
|
Wichita State University |
1-1.5 years |
$21,000 |
|
San Jose State University |
1.5 – 2 years |
$12,007 |
|
Texas State University |
1.5 years |
$13,776 |
Master of Economics in Australia
Bachelor of Economics in USA
Master of Economics in USA: Entry requirements
Columbia University
- A bachelor's degree with a strong foundation in economics is recommended.
- A minimum TOEFL score of 100 overall or an IELTS score of 7.5.
- Applicants are required to send GRE scores.
Pennsylvania State University
- A bachelor's degree in a field related to economics with courses in microeconomics, macroeconomics, calculus, and statistics with a minimum overall GPA of 3.0 out of 4.0.
- GRE scores are required.
- A minimum TOEFL score of 80 overall, with at least 20 in the speaking section, is required to prove English language proficiency.
Boston University
- A bachelor's degree in economics or a closely related subject.
- A minimum TOEFL score of 84 with no less than 21 in the individual section.
- Applicants are required to send GRE scores with a quantitative score of more than the 80th percentile.
The New School
- A bachelor’s degree from an accredited institution.
- A minimum TOEFL score of 100 overall, a PTE score of 68 or an IELTS score of 7.5.
University of Denver
- A bachelor's degree from an accredited institution with a minimum GPA of 2.5 out of 4.0.
- TOEFL score of at least 95 overall or IELTS score of 7.0 overall.
- GRE score is optional
University of San Francisco
- A bachelor's degree from an accredited institution focusing on quantitative courses such as statistics, computer programming, mathematics, etc.
- For proof of English language proficiency, a minimum TOEFL score of 79, an IELTS score of 6.5, or a PTE score of 53 is required.
- A GRE score is not required.
The University of Texas at Arlington
- A bachelor’s degree from an accredited institution with a GPA of not less than 3.0 out of 4.0 in the final 60 hours of coursework.
- A minimum GRE score of 148 in the quantitative section and 150 in the verbal section or a minimum GMAT score of 480.
- A minimum TOEFL score of 79 overall, with at least 21 in speaking, 22 in writing, 20 in reading, and 16 in listening.
Portland State University
- An undergraduate degree from an accredited institution with a minimum GPA of 3.0 out of 4.0 scale with courses taken in microeconomics, macroeconomics, statistics, calculus, algebra, and econometrics.
- A minimum TOEFL score of 80 overall, with at least 18 in each medium of communication or an IELTS score of 6.5 in each section or a PTE score of 60 overall.
The University of Texas at Dallas
- An undergraduate degree with a minimum GPA of 3.0 out of 4.0.
- GRE score of 145 in the verbal section and 150 in the quantitative section or an equivalent GMAT score.
- A minimum TOEFL score of 80, or IELTS score of 6.5, or PTE score of 67.
Georgetown University
- An undergraduate degree with a minimum GPA of 3.0 out of 4.0.
- TOEFL score of at least 100 overall or IELTS score of 7.0 overall.
- Students are required to send a GRE score, but there is no minimum score.
Master of Economics Scholarships in the USA
International students in Universities in the USA are given merit-based scholarships ranging from a few thousand dollars to full tuition coverage. Apart from these scholarships, students may also receive a tuition waiver.
Students with excellent academic standing in their undergraduate studies may also acquire graduate assistantships and receive stipends and tuition waivers.
|
University |
Scholarship |
Amount |
|
Columbia University |
Interschool Fellowships |
$1000 - $ 5000 |
|
Boston University |
Trustee Scholarship |
Full tuition and fees |
|
Presidential Scholarship |
$25,000 per year |
|
|
University of San Francisco |
International Fellowships |
$18,000 - $30,000 per year |
|
The University of Texas at Arlington |
International Texas Public Education Grant (TPEG) |
$1,000 - $1500 per year |
|
Portland State University |
Fulbright Matching Grant |
$4500 |
|
Georgetown University |
Graduate School Scholarship award |
Varies |
Scope after Master of Economics in the USA
Graduates of the economics degree will be prepared for careers in banking and financial institutions, insurance, data analytics, forecasting, labour arbitration, regulation, and urban and regional planning. Graduates may opt to continue their education by enrolling in PhD programs in economics, statistics, business, or law.
The average salary after a Master of Economics in the USA is $82,000 per year.
|
Role |
Range of Salary |
Annual Average Salary |
|
Data Analyst |
$48,000 - $84,000 |
$64,078 |
|
Data Scientist |
$73,000 - $129,000 |
$98,504 |
|
Economist |
$53,000 - $118,000 |
$79,307 |
|
Research Analyst |
$48,000 - $87,000 |
$64,787 |
|
Business Intelligence Analyst |
$50,000 - $101,000 |
$70,624 |
|
Economic Analyst |
$46,000 - $96,000 |
$65,602 |
|
Analytics Consultant |
$56,000 - $89,000 |
$70,881 |
|
Market Research Analyst |
$36,000 - $71,000 |
$51,124 |
|
Finance Director |
$102,000 - $215,000 |
$153,088 |
|
Risk Analyst |
$55,000 - $112,000 |
$77,754 |
|
Data Engineer |
$65,000 - $112,000 |
$86,242 |
|
Finance Associate |
$59,000 - $103,000 |
$77,666 |
|
Compliance Manager |
$61,000 - $117,000 |
$84,786 |
|
