Economics Program Rankings · 2027

Best Economics Master’s Programs for 2027

The University of Wisconsin-Madison’s Quantitative Economics MS ranks first among economics master’s programs at 91.4, with 147 degrees awarded and $12,325 in tuition and fees for residents. It is a terminal degree for people who want advanced economics for a career without a PhD, and it emphasizes econometric training more than similar programs. The University of Texas at Austin’s Economics MA is second at 89.9 and is built the other way: its faculty designed the curriculum to prepare students for economics PhD programs, with no thesis and a 10-month track.

Posted October 22, 2026Updated October 22, 2026214 Schools Scored
Graduate students and a teacher working on research at laptops around a shared table
Photo: Kampus Production / Pexels

How We Rank Economics Master’s Programs

Graduate tuition and required fees, research activity, the program’s standing in the field, and master’s degrees awarded in this field. We calculate scores within this field and degree level. Read the full methodology.

  • 25%Published Cost
  • 25%Research Activity
  • 30%Program Reputation
  • 20%Degrees Awarded
The 20-School Shortlist

Top Economics Master’s Programs

  1. 1

    University of Wisconsin-Madison

    Quantitative Economics MS

    Madison, WI Public

    91.4Comparison ScoreHow It’s Calculated

    Wisconsin’s quantitative economics MS is a coursework-based degree with no master’s thesis. Its core combines microeconomics and econometrics with causal estimation, machine learning, and a course on advances in artificial intelligence for economists. Students add three electives from an approved set that includes labor markets, international trade, and financial economics. The program is designed for full-time study, with most students completing four semesters and an approved three-semester path also possible.

    Program Shape
    Seven core courses in microeconomics, econometrics and quantitative methods plus three electives, with no thesis
    Newer Courses
    Machine Learning for Economists, Applications of Machine Learning in Economics and Advances in Artificial Intelligence for Economists
    Duration
    Four semesters for most students, with a three-semester path possible
    Degree Purpose
    Terminal master's with more econometric training than similar programs
    Master’s Degrees Awarded
    147
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $12,325
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $25,651
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  2. 2

    University of Texas at Austin

    Economics MA

    Austin, TX Public

    89.9Comparison ScoreHow It’s Calculated

    UT Austin’s economics MA starts with summer mathematics and probability courses before the main theory and econometrics sequence. Electives include game theory, labor economics, causal inference, and machine learning. Teaching uses Stata, Python, and R, although prior programming experience is not required. The degree does not offer a thesis; research papers and projects instead appear within individual electives. A 10-month track is available alongside longer schedules for students who want more time.

    Tracks
    10-month, 18-month or 24-month schedule, each starting in mid-July
    Credit Structure
    Ten 3-credit courses for 30 graded credit hours, with no thesis
    Summer Start
    Math for Economists and Probability and Statistics before the fall core
    Data Science Practicum
    Optional capstone elective on the 18-month and 24-month tracks
    Master’s Degrees Awarded
    46
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $12,006
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $22,954
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  3. 3

    University of California-Los Angeles

    Master of Quantitative Economics

    Los Angeles, CA Public

    89.6Comparison ScoreHow It’s Calculated

    UCLA's Master of Quantitative Economics is a 48-unit program that you can finish in 9 to 18 months, which suits both full-time students and people who want to stretch the schedule. After the foundation and subject-area courses, you design your own schedule or follow a concentration in data analytics, finance, or international and monetary economics. Courses are hands-on with R, Python, SQL, Excel and financial platforms, and the menu includes machine learning and big data for economists, asset pricing and portfolio theory in practice, and cloud computing and blockchain applications. A professional development sequence runs alongside the technical work.

    Length
    48 units completed in 9 to 18 months
    Concentrations
    Data analytics, finance, or international and monetary economics
    Software
    R, Python, SQL and Excel alongside financial tools and platforms
    Master’s Degrees Awarded
    133
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $14,476
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $29,578
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  4. 4

    Texas A&M University

    Economics MS

    College Station, TX Public

    87.7Comparison ScoreHow It’s Calculated

    Texas A&M’s economics MS offers thesis and non-thesis routes, with concentrations in financial econometrics or financial economics. Electives include behavioral financial economics, energy markets and policy, and economic analysis of financial data. Students can also choose approved supporting courses in subjects such as statistics, finance, mathematics, or public policy. The curriculum allows a professional internship course, while the thesis route gives students a different way to develop a sustained research project.

    Degree Routes
    Non-thesis at 36 credit hours with a capstone applied research project, or thesis at 32 credit hours with an oral final exam
    Concentrations
    Financial Econometrics or Financial Economics
    Combined Degree
    MS Economics with Master of International Affairs in three years
    Internship
    Students are encouraged to intern the summer after the first year
    Master’s Degrees Awarded
    99
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $11,748
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $24,505
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  5. 5

    Purdue University

    Economics MS

    West Lafayette, IN Public

    87.3Comparison ScoreHow It’s Calculated

    Purdue's online Economics MS is 30 credit hours: nine foundational credits (microeconomics, macroeconomics, econometrics, math and statistics for economists), 15 to 21 credits of economics electives and six credits of business electives. Electives range from applied game theory, behavioral economics and economic forecasting to financial econometrics, statistical and machine learning, and Quantitative Economics with Python. You can specialize by earning one of three online graduate certificates: financial economics, business and economics data analytics, or public economics and policy. Purdue STEM undergraduates can count up to nine credit hours toward both a bachelor's and this master's.

    Credit Structure
    30 credits: 9 foundational, 15 to 21 economics electives, 6 business electives
    Certificate Specializations
    Financial economics, business and economics data analytics, or public economics and policy
    Combined Degree
    Purdue STEM undergraduates can apply up to 9 credit hours to both a BS and the MS
    Format
    Online
    Master’s Degrees Awarded
    46
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $9,992
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $28,794
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  6. 6

    Ohio University

    Economics MA

    Athens, OH Public

    83.7Comparison ScoreHow It’s Calculated

    Ohio’s economics MA follows a fall-to-summer sequence that culminates in faculty-supervised research. Students take mathematical economics, theory, and econometrics before advancing to applied econometrics and a field elective such as environmental, health, or behavioral economics. The final requirement can be a research paper or a thesis. For the paper, students submit their data and programming code along with the written work, making the empirical analysis part of the finished product.

    Final Project
    Master's thesis (ECON 6950) defended before faculty and students, or research paper (ECON 6960)
    Proposal
    Two-page proposal with research question, estimation method and data sources due by the end of spring
    Replication Materials
    Paper submissions include the final paper in Word or LaTeX and PDF plus all relevant data and code
    Credit Structure
    36 credit hours: 32 in core courses and 4 in an elective such as international, development, environmental, health, labor or behavioral economics
    Master’s Degrees Awarded
    24
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $9,720
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $17,712
    Graduate, schoolwide, 2024–25

    Reported Fields: Development Economics and International Development; Econometrics and Quantitative Economics

  7. 7

    Florida State University

    Applied Economics MS

    Tallahassee, FL Public

    83.7Comparison ScoreHow It’s Calculated

    Florida State's Applied Economics MS follows a full-time campus cohort from fall through summer. Applied microeconomics, econometrics and economic data analysis lead into a summer Applied Master's Project. You'll practice technical writing and formal presentations, with professionals evaluating the final project presentations at a July symposium. The published plan includes programming and machine learning electives, plus a spring choice between an applied economics internship and applied health economics. This is a structured annual sequence, so plan to study through the summer.

    Capstone
    Summer Applied Master’s Project and presentations evaluated at a July symposium
    Spring Elective Choice
    Applied Economics Internship or Applied Health Economics
    Master’s Degrees Awarded
    26
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $10,553
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $26,707
    Graduate, schoolwide, 2024–25

    Reported Fields: Applied Economics; Econometrics and Quantitative Economics

  8. 8

    University of Houston

    Applied Economics MA

    Houston, TX Public

    83.6Comparison ScoreHow It’s Calculated

    Houston’s applied economics MA is organized as a full-time, 12-month cohort beginning each fall. Coursework fills the fall and spring, followed by a six-credit summer component; students with a relevant internship or job can apply to use internship credit for that final portion. Classes meet during the day on Mondays, Wednesdays, and Fridays in the regular semesters. Applicants need prior economics and econometrics coursework, so this is a structured continuation of quantitative undergraduate preparation.

    Schedule
    30 credit hours: 12 each in fall and spring, then a 6-credit summer course or internship credit
    Class Meetings
    Daytime classes on Mondays, Wednesdays and Fridays
    Entry Courses
    Introduction to Econometrics (ECON 3370) and Calculus I, with a 3.0 GPA over the most recent 60 hours
    Degree Purpose
    Terminal master's focused on job-market skills, not preparation for a PhD
    Master’s Degrees Awarded
    23
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $10,051
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $19,231
    Graduate, schoolwide, 2024–25

    Reported Fields: Applied Economics; Econometrics and Quantitative Economics

  9. 9

    University at Buffalo

    Economics MA

    Buffalo, NY Public

    81.9Comparison ScoreHow It’s Calculated

    Buffalo’s economics MA devotes half its coursework to a prescribed core, including two microeconomic theory courses and two econometrics courses. Students take comprehensive examinations in microeconomics and macroeconomics. The other half consists of electives, with approved options for outside-department courses and independent study. Subject choices include health, finance, law, and urban economics. Students can also investigate the department’s advanced certificate or joint law-degree pathway if they want an additional area of specialization.

    Core Assessment
    Comprehensive examinations in microeconomics and macroeconomics
    Elective Flexibility
    Approved outside-department study and independent study may count within the elective portion
    Master’s Degrees Awarded
    31
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $14,530
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $28,210
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General; Econometrics and Quantitative Economics

  10. 10

    Texas Tech University

    Economics MS

    Lubbock, TX Public

    79.3Comparison ScoreHow It’s Calculated

    Texas Tech’s current economics MS begins with four core courses in microeconomics, macroeconomics, econometrics, and mathematical economics. Students then take six field or elective courses, with choices including energy economics, forecasting, game theory, and international finance. Qualifying examinations at the end of the second semester emphasize microeconomic and macroeconomic theory. Electives normally rotate over two years and depend on enrollment, so applicants with a particular research interest should check the upcoming course schedule.

    Program Sources:Economics MS
    Master’s Degrees Awarded
    18
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $9,518
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $17,918
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General; Econometrics and Quantitative Economics

  11. 11

    Utah State University

    Economics MS

    Logan, UT Public

    79.1Comparison ScoreHow It’s Calculated

    Utah State’s economics MS opens with a two-week mathematical economics course before the fall semester. The required sequence includes mathematical methods for economics and finance and two econometrics courses, alongside microeconomic and macroeconomic theory. Students also complete a Plan B research paper, typically built around a systematic literature review, and defend it before a committee. Three electives allow some customization within a program that still has a clearly prescribed analytical core.

    Pre-Fall Math
    Two-week on-campus Mathematical Economics I (APEC 7350) before the fall semester
    Credit Structure
    At least 30 credits, 18 of them at the 6000 level or higher, with three electives
    Final Project
    Plan B research paper (Thesis Research Plan B), usually a systematic literature review, defended before a committee
    Committee
    Major professor, three members in total, and an outside member from another department
    Master’s Degrees Awarded
    20
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $7,828
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $24,773
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics; Applied Economics

  12. 12

    George Mason University

    Economics MA

    Fairfax, VA Public

    78.2Comparison ScoreHow It’s Calculated

    George Mason's MA is a STEM-designated degree in what the department calls the Mason style of economics, which blends public choice, Austrian economics and experimental economics with attention to the links among economic, political and legal institutions. Classes on campus in Northern Virginia are generally in the evening, and a fully online option with asynchronous courses has drawn more than 170 students since it launched. It is a self-contained master's for people not planning on Mason's PhD, which should apply to the doctoral program directly. Competitive fellowships are available to incoming on-campus students.

    Formats
    On-campus evening classes or fully online with asynchronous courses
    Intellectual Focus
    Public choice, Austrian economics, experimental economics
    Master’s Degrees Awarded
    54
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $17,964
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $40,308
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General

  13. 13

    University of North Carolina at Charlotte

    Economics MS

    Charlotte, NC Public

    76.9Comparison ScoreHow It’s Calculated

    UNC Charlotte's Economics MS is 30 credit hours taught in the evening at the Dubois Center in uptown Charlotte, so working professionals can attend and full-time students can finish in 18 months. The core covers advanced macro and micro theory, graduate econometrics and advanced business and economic forecasting, followed by six credits of either a research project or a master's thesis. Five concentrations let you aim the degree: quantitative methods, quantitative financial economics, urban economics and real estate, financial management, or applied economic analysis. Dual-degree pathways with the University of Regensburg and the MS in Financial Engineering and Fintech are also offered.

    Concentrations
    Quantitative methods, quantitative financial economics, urban economics and real estate, financial management, or applied economic analysis
    Credit Structure
    30 credits: 12 core theory and methods, 6 for a research project or thesis
    Format
    In-person evening classes at the Dubois Center, 18 months full time
    Dual Degrees
    University of Regensburg or the MS in Financial Engineering and Fintech
    Master’s Degrees Awarded
    18
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $8,037
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $23,072
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  14. 14

    Georgia State University

    Economics MA

    Atlanta, GA Public

    75.7Comparison ScoreHow It’s Calculated

    Georgia State's Economics MA is a 33 to 36 credit hour degree that full-time students can finish in as little as two years. You choose between an Analytics Track, which goes deeper into technical and data-driven training, and a General Economics Track, which favors applied breadth across fields such as public finance, labor, health and urban economics. Coursework is built around applied econometrics and coding on real data, and the program carries a STEM designation. The department says many graduates continue to doctoral programs. Students can take every course online or mix in-person classes at the Atlanta campus, and admission opens for both fall and spring.

    Tracks
    Analytics Track or General Economics Track
    Length
    33 to 36 credit hours, as little as two years full time
    Format
    All courses online, or a mix of online and in-person classes in Atlanta
    Start Terms
    Fall and spring
    Master’s Degrees Awarded
    16
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $8,664
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $25,116
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  15. 15

    University of North Dakota

    Applied Economics and Predictive Analytics MS

    Grand Forks, ND Public

    75.4Comparison ScoreHow It’s Calculated

    North Dakota’s applied economics and predictive analytics MS pairs a four-course economics core with a separate analytics sequence. Required analytics courses cover time series, forecasting, and methods for impact evaluation and causal inference. Students finish an independent study that applies those methods to a substantive problem. Elective examples include demographic methods and an economic research internship, although offerings vary. The published curriculum is designed to run across five semesters, including the intervening summer.

    Master’s Degrees Awarded
    16
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $13,677
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $19,658
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  16. 16

    University of Wyoming

    Economics MS

    Laramie, WY Public

    75.2Comparison ScoreHow It’s Calculated

    Wyoming’s economics MS draws on the department’s work in energy, natural resources, and behavioral and experimental economics. Students can supplement economics electives with approved study in statistics, programming, mathematics, or environmental subjects. The culminating choice is a research thesis or an additional course and shorter paper supervised by an adviser and committee. Preparation requirements include two calculus courses and linear algebra, which applicants should review before choosing their intended start term.

    Program Sources:Economics MS
    Master’s Degrees Awarded
    12
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $8,422
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $21,822
    Graduate, schoolwide, 2024–25

    Reported Fields: Econometrics and Quantitative Economics

  17. 17

    San Diego State University

    Economics MA

    San Diego, CA Public

    74.5Comparison ScoreHow It’s Calculated

    San Diego State’s economics MA includes a graduate internship and a seminar in applied economic research. In the seminar, students develop a proposal, carry out an approved applied microeconomics project, and present their findings orally. They also choose between a thesis and comprehensive examinations in microeconomics and econometrics. Up to nine approved units can come from outside economics, with suggested subjects ranging from financial risk management to comparative public policy and Bayesian statistics.

    Core Courses
    18 units of core, including Microeconomic Theory, Econometrics, Statistical Tools and Applied Research in Econometrics
    Capstone And Internship
    Seminar in Applied Economic Research (Econ 740) plus a 3-unit Graduate Internship in Economics
    Final Path
    Plan A master's thesis or Plan B written comprehensive exams in microeconomics and econometrics
    Program Size
    33 units, with 12 units of electives and at most 9 units outside economics
    Master’s Degrees Awarded
    13
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $10,252
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $20,332
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General

  18. 18

    CUNY Hunter College

    Economics MA

    New York, NY Public

    72.1Comparison ScoreHow It’s Calculated

    Hunter's Economics MA gives you a choice between a supervised thesis and a practicum in empirical analysis. Before that final work, the required curriculum covers microeconomic and macroeconomic theory, linear and nonlinear econometric analysis, and data analytics and research methods. Electives can include approved graduate work in related fields. Courses meet in the evening, which matters if you're balancing study with employment. The department expects prior calculus, econometrics and intermediate theory, so compare your transcript with those prerequisites before applying.

    Culminating Choice
    Faculty-supervised thesis or practicum in empirical analysis
    Methods Sequence
    Linear and nonlinear econometrics plus data analytics and research methods
    Master’s Degrees Awarded
    24
    Economics, 2023–24
    Research Designation
    R2
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $11,398
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $20,828
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General

  19. 19

    University of Arkansas

    Economic Analytics MS

    Fayetteville, AR Public

    71.0Comparison ScoreHow It’s Calculated

    Arkansas packs this master's into ten months, two semesters running August to May, and it is STEM-designated. Applied microeconomics, introductory econometrics, forecasting and applied microeconometrics sit alongside two economic analytics courses, data exploration and communication, and an economic policy and data analysis course. Programming in Python, R and SQL, plus machine learning and optimization, give the economics a computational edge. A capstone applies the methods to real-world questions. Graduates have taken analyst and economist roles at Sam's Club, Tyson Foods, J.B. Hunt and the Bureau of Labor Statistics, and the GMAT or GRE is required unless a waiver applies.

    Format
    Ten-month, two-semester program starting each August
    Technical Tools
    Python, R and SQL with machine learning and optimization
    Capstone
    Applied economic analytics course on real-world questions
    Master’s Degrees Awarded
    12
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $12,470
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $30,892
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General; Econometrics and Quantitative Economics

  20. 20

    Florida Atlantic University

    Economics MS

    Boca Raton, FL Public

    69.5Comparison ScoreHow It’s Calculated

    Florida Atlantic’s economics MS offers a general track and concentrations in econometrics and data analytics or financial economics. The analytics concentration adds panel data and choices such as data mining or business applications of artificial intelligence; the finance route draws on monetary economics and graduate finance courses. Students may complete the degree through coursework or replace part of that coursework with a six-credit thesis. Core study also includes game theory and economic growth.

    Research Choice
    Coursework route or a six-credit thesis with graduate coursework
    Analytics Concentration
    Required panel data with business analytics and approved technology electives
    Master’s Degrees Awarded
    12
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $6,693
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $18,482
    Graduate, schoolwide, 2024–25

    Reported Fields: Economics, General

Start with what the degree should do. Then compare scores. Houston’s Applied Economics MA (83.6) states that it is a terminal degree and not preparation for a PhD, Purdue’s MS (87.3) is offered online, and Hunter’s MA (72.1) meets in the evening for students with jobs. A program that fits your next step is worth more than a higher number that points somewhere else.

Economics MA, MS or Applied Economics: Which Master’s Fits?

Names mislead. The degree name says less than the program’s purpose. Wisconsin describes its Quantitative Economics MS as a terminal degree for careers that analyze economic data. UT Austin says the technical level of its MA falls between intermediate undergraduate courses and first-year doctoral courses, that its courses are distinct from its PhD courses, and that the level is more advanced than most Applied Economics master’s programs.

Applied programs trade theory depth for job skills. Houston calls its Applied Economics MA a terminal master’s that is not part of its PhD program, and Florida State runs its Applied Economics MS as a one-year cohort that starts in the fall and finishes in the summer. Ohio sits between the two: its MA prepares students for public or private sector careers or for a PhD, in one year. If a doctorate is even a possibility, ask each department where recent graduates went before you commit to an applied track.

Purpose and Format of Economics Master’s Programs
ProgramStated PurposeFormat
Wisconsin Quantitative Economics MSTerminal degree with heavy econometrics trainingCoursework in quantitative economics
UT Austin Economics MAPrepares students for economics PhD programs30 graded credits; 10, 18 or 24 month tracks; no thesis
Houston Applied Economics MATerminal degree for the job market, not PhD preparation30 credit hours, full time, 12 months, daytime classes
Florida State Applied Economics MSApplied skills with a summer master’s project30 credits, one-year fall cohort, no online or part-time option
Ohio Economics MACareers in the public or private sector, or a PhD36 credit hours, fall to August

Sources: [1][2][4][7][11][13][15]

Do You Need a Thesis in an Economics Master’s Program?

Usually not. The options differ, though. UT Austin neither requires nor offers a thesis, though many of its electives require research projects or papers. Texas A&M offers both routes: most students take the non-thesis option at 36 credit hours with a capstone course, while the thesis option needs 32 semester hours, a thesis under an advisory committee and an oral final exam. Ohio requires either a thesis or a capstone research paper.

The choice matters most if you may apply to a doctoral program, because a thesis or a long empirical paper gives you a concrete research sample. Compare Texas A&M’s thesis route and Ohio’s master’s paper with UT Austin’s coursework design. For a career move, a capstone built around an applied project, like the one in Texas A&M’s non-thesis route, may serve you better.

Sources: [3][17][12]

Online, Evening and One-Year Formats for Economics Master’s Students

Purdue is the online option here: its Online MS in Economics is 30 credit hours, with 9 credits required, and students can add one of three graduate certificates (financial economics, business and economics data analytics, or public economics and policy) as a specialization. Hunter offers its economics MA in the evening for students who hold full- or part-time jobs.

Daytime cohorts work differently. Houston runs a full-time, 12-month program with classes on Monday, Wednesday and Friday, and Florida State says it does not offer an online program, part-time enrollment or spring admission. UT Austin and UCLA publish flexible timelines (10, 18 or 24 months at UT; 9 to 18 months for UCLA’s 48-unit Master of Quantitative Economics), which suits students who want to spread the work out.

Sources: [18][19][10][11][5][20]

What Math and Economics Do You Need Before Applying?

Houston lists introductory econometrics and Calculus I (or Calculus for Business and Social Science) as prerequisites, recommends Math for Economics, and makes GRE scores optional. UT Austin begins in mid-July with Math for Economists and Probability and Statistics before the micro, macro and econometrics core, and it teaches in Stata, Python and R without requiring prior programming. Ohio’s first fall already includes Mathematics for Economists, Intermediate Microeconomics, Intermediate Macroeconomics and Econometrics, so the year moves quickly from review to advanced work.

Budget as well as schedule. Money shapes the choice. Houston’s page says Applied Economics MA candidates are not eligible for fellowships or assistantships, although there are funds for Texas residents with financial need and a small number of scholarships for full-time applicants. Ohio says funding opportunities are available on a competitive basis.

Sources: [8][9][6][14][16]

Questions About Economics Master’s Degrees

Can You Get a Master’s in Economics Online?

Yes. Purdue’s Online MS in Economics is 30 credit hours and lets students add a graduate certificate in financial economics, business and economics data analytics, or public economics and policy. Many campus programs are not online: Florida State says it does not offer an online program or part-time enrollment, and Hunter’s program meets in the evening on campus. The online economics guide compares nine master’s programs you can finish online, including Johns Hopkins and Georgia State.

Sources: [18][11][19]

Will a Master’s in Economics Prepare Me for a PhD?

It depends on the program. UT Austin says its MA curriculum will fully prepare students for success in economics PhD programs, and Ohio says its MA prepares students to pursue a PhD. Houston says its Applied Economics MA is terminal and not intended as PhD preparation, and Wisconsin describes its MS as a terminal degree.

Sources: [4][13][7][1]

Do I Need a Thesis for an Economics Master’s?

Not at most of these programs. UT Austin neither requires nor offers one, Texas A&M offers thesis and non-thesis options with most students choosing non-thesis, and Ohio accepts a thesis or a capstone paper. Choose the thesis or paper route if you want a research sample for doctoral applications.

Sources: [3][17][12]

How Long Does an Economics Master’s Take?

One year is common. UT Austin can be completed in as little as 10 months, Houston is a full-time 12-month degree, Ohio finishes within 12 months, and Florida State runs from fall to summer. UCLA publishes a range of 9 to 18 months, and UT Austin also offers 18 and 24 month tracks.

Sources: [5][10][15][11][20]

What Math Do I Need to Apply to an Economics Master’s?

Houston asks for Calculus I (or Calculus for Business and Social Science) and an introductory econometrics course. UT Austin starts with a summer of math and statistics before the core, so it builds the foundation inside the program. Check the prerequisite list at each school, because it changes the courses you need to take first.

Sources: [8][6]

Is an Economics Master’s or an MBA the Better Fit?

They train different skills. Wisconsin says its MS emphasizes econometric training and prepares students for careers analyzing economic data, and Purdue offers its economics master’s through its business school with data analytics and finance certificates. Choose economics when you want to estimate effects, forecast or evaluate policy from data, and an MBA when management is the goal.

Sources: [1][2][18]

Sources for This Degree Guide

University references lead to the relevant ranking card, where you can open the official program sources.

  1. UW-Madison Guide: Quantitative Economics, MS
  2. UW-Madison Guide: Quantitative Economics, MS (Emphasis)
  3. UT Austin Master of Arts in Economics: Curriculum
  4. UT Austin Master of Arts in Economics: PhD Preparation
  5. UT Austin Master of Arts in Economics: Timeline
  6. UT Austin Master of Arts in Economics: Preparation and Tools
  7. University of Houston Economics: Applied Economics Master’s
  8. University of Houston Economics: Admission Prerequisites
  9. University of Houston Economics: Funding for Applied Economics Candidates
  10. University of Houston Economics: Program Format
  11. Florida State Economics: Master’s Program Overview
  12. Ohio University Economics: Master’s Degree
  13. Ohio University Economics: Master’s Purpose
  14. Ohio University Economics: Fall Semester Courses
  15. Ohio University Economics: Program Length
  16. Ohio University Economics: Master’s Funding
  17. Texas A&M Economics: MS Program
  18. Purdue Online MS Economics: Curriculum
  19. Hunter College Graduate Catalog: Economics MA
  20. UCLA Master of Quantitative Economics: Courses

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