Best Online Master’s in Economics

TBS Staff Writers
by
Updated October 19, 2023
Students receive valuable analytical and quantitative training in the field of economics necessary to success in a variety of professional roles.

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Money may make the world go round, but the world needs economists to understand how to manage it.

Students in Master’s in Economics degree programs receive valuable analytical and quantitative training in the field of economics necessary to success in a variety of professional roles. Graduates have the opportunity to become a leader or analyst in banking, investment and wealth management, international finance and economics, corporate financial management, and in a variety of other sectors. Some graduates go on to acquire a Ph.D. in Economics to become a university professor or research economist.

A traditional Master’s in Economics program does not work for all students, however; online programs may better suit the needs of busy individuals with full–time jobs or familial obligations. This article ranks the 15 best online Master’s in Economics degrees available today.

The Best Online Master’s in Economics Programs

#1 Best Online Master’s in Economics

Georgia Southern University

  • Location-markerStatesboro, GA
  • 4 year
  • Campus + Online
Average Tuition
  • In-State$4,371
  • Out-of-state$15,425
  • Retention Rate78%
  • Acceptance Rate54%
  • Students Enrolled26,054
  • Institution TypePublic
  • Percent Online Enrollment41%
  • AccreditationYes
#2 Best Online Master’s in Economics

Purdue University

  • Location-markerWest Lafayette, IN
  • 4 year
  • Campus + Online
Average Tuition
  • In-State$9,208
  • Out-of-state$28,010
  • Retention Rate91%
  • Acceptance Rate60%
  • Students Enrolled45,500
  • Institution TypePublic
  • Percent Online Enrollment22%
  • AccreditationYes
#3 Best Online Master’s in Economics

University of North Dakota

  • Location-markerGrand Forks, ND
  • 4 year
  • Campus + Online
Average Tuition
  • In-State$8,212
  • Out-of-state$14,371
  • Retention Rate78%
  • Acceptance Rate81%
  • Students Enrolled13,581
  • Institution TypePublic
  • Percent Online Enrollment45%
  • AccreditationYes
#4 Best Online Master’s in Economics

University of Missouri

  • Location-markerColumbia, MO
  • 4 year
  • Campus + Online
Average Tuition
  • In-State$9,120
  • Out-of-state$26,991
  • Retention Rate88%
  • Acceptance Rate81%
  • Students Enrolled30,014
  • Institution TypePublic
  • Percent Online Enrollment32%
  • AccreditationYes
#5 Best Online Master’s in Economics

American University

  • Location-markerWashington, DC
  • 4 year
  • Campus + Online
Average Tuition
  • In-State$49,070
  • Out-of-state$49,070
  • Retention Rate87%
  • Acceptance Rate36%
  • Students Enrolled14,318
  • Institution TypePrivate
  • Percent Online Enrollment20%
  • AccreditationYes

Best Online Masters

Economics

2023


The Best Schools

Online Master’s in Economics Programs Ranking Guidelines

We ranked these degree programs based on quality, curricula, school awards, rankings, and reputation.

Rankings Methodology

Featured Online Master’s in Economics Programs

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What is a Master’s in Economics Degree?

Master’s in Economics degrees come in a variety of forms, including a Master’s of Science, Master’s of Arts, and Master’s of Business Administration programs. While each comes with unique qualities and concerns, all provide a strong grounding in core principles of economics. The curricula for these programs typically include coursework in economic theories, econometrics, financial analysis, statistics, mathematics, and implementing economic research. Some programs may include field experience or capstone components.

An MA in Economics may place greater emphasis on the research and theoretical aspects of economics, preparing students for careers in research or academic roles. An MS in Economics typically utilizes a more technical and practical approach, focusing on the application of economic principles in real–time, and preparing students for active careers in the public or private sectors. An MBA program treats economics as a specialization on top of core MBA coursework. Students in MBA programs engage with fundamental business administration concepts, alongside specialized courses in economic principles and practices, to prepare for leading economic roles in corporations and financial institutions.

How Long Does it Take to Complete an Online Master’s in Economics Degree?

Like most master’s degree programs, a Master’s in Economics degree typically takes two years to complete. However, some schools offer accelerated programs that may be completed in as quickly as one year, and some offer part–time programs that may be completed in three to six years.

Master’s in Economics Degree Careers

Individuals holding a Master’s in Economics degree may pursue a variety of careers, including:

  • Actuary
  • Compensation and benefits manager
  • Credit analyst
  • Data scientist
  • Econometrician
  • Economic consultant
  • Economist
  • Financial analyst
  • Financial manager
  • Lawyer
  • Management consultant
  • Market researcher
  • Policy analyst
  • Professor
  • Statistician

Master’s in Economics Degree Salary

According to the Bureau of Labor Statistics, in 2016 economists saw a median annual salary of $101,050. The following information portrays median annual salaries earned by economists in their top five industries for employment:

Master’s in Economics Degree Salary
CareerMedian Salary
Finance and insurance$124,660
Federal government, excluding postal service$111,310
Management, scientific, and technical consulting services$110,900
Scientific research and development services$102,000
State government, excluding education and hospitals$69,170

Master’s in Economics Job Outlook

The Bureau of Labor Statistics predicts the job field for economists will grow from 2016–2026 at a rate of 6%, as fast as average for all other occupations

Economics Professional Organizations

American Economic Association

Founded in 1885, the AEA has dedicated itself to the advancement of the field of economics for well over a century. Its membership, now greater than 20,000, includes individuals from all areas of involvement in economics. Membership comes with numerous benefits, including a large professional network, access to events and conventions, honors and awards, and access to resources and publications.

National Association for Business Economics

The NABE connects economics professionals with the goal of encouraging development, discourse, and the spread of information. NABE formed in 1959. Membership includes access to professional resources and publications, networking opportunities, and events and conventions.

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