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An online master’s in applied economics prepares a student for an economics career by focusing on practical problems that arise in economics in a variety of areas of interest. A master’s in applied economics online introduces students to concepts to help solve those practical problems. An online master’s in applied economics also steeps students in more advanced concepts than he or she was previously taught in a bachelor’s degree program. 

Earning a master’s in applied economics online is a versatile option. With an online master’s in applied economics, a person may take on roles in both international and domestic banking, consulting firms, non-profit organizations, the government, and in business. Another benefit of choosing one of the online masters in economics programs is that it’s the minimum requirement to teach economics in a two-year school. Therefore, after a person selects from one of the online masters in economics programs, he or she can get a teaching certificate and have an opportunity to educate others about economics. 

Methodology: Ranking the Best Online Master’s in Economics

Because online students need to know if their degree will be time and money well spent, Great Business Schools editors researched online master’s in economics programs with an eye for value and return on investment. Only accredited, reputable schools were chosen, and programs are ranked according to their cost, salary potential, and student satisfaction for a full picture. 

1. West Texas A&M University

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West Texas A&M University offers an MS in Finance and Economics that will allow the graduate to pursue a career in almost any industry they choose. An education in finance and economics will create opportunities for anyone who loves to work in a fast-paced, goal-oriented environment. The financial aspect of a business is highly detailed and structured and requires someone who is organized and committed to excellence. Earning the best online Masters in Economics is the first step toward a very rewarding career.

West Texas A&M University has a long-standing reputation for offering in-depth coursework that is presented by faculty members who are dedicated to the advancement of their students. Students who sign up for the best online Masters in Economics programs can rest assured they will have the skills they need to succeed no matter what career path they choose.

Highlight: Whether the courses are taken online or in the classroom, every student receives the same quality education.

Degree: MS in Finance and Economics

2. American University

american u

American University offers students an MA in Economics online program that provides all of the skills and knowledge they will need to pursue a career in their chosen career field. With a degree in Economics, graduates can find careers that offer excellent opportunities for advancement as well as financial security. Graduates can play an active role in many company decisions by providing accurate information using the tools and skills they gained through their MA in Economics.

The American University offers online classes for students who are interested in pursuing one of the best online Masters in economics programs. The University is well-known for offering some of the most advanced courses in the economics and financial fields.  Graduates who attend the University are backed by the school’s solid reputation for excellence in education.

Highlight: Its location in Washington, DC means that economics master’s graduates are primed for one of the best job markets for economists in the world. 

Degree: MA in Economics

3. Youngstown State University

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Youngstown State University has one of the best online Masters in Financial Economics degree programs in the area. Receiving a Master of Arts degree in financial economics teaches students how to analyze economic models on all levels as well as use the latest software for researching statistics. They will learn about the various tools and skills that are needed to advance within their chosen field. With an online MA in Financial Economics, they will be able to find employment in both public and private sectors using the skills they have mastered.

Youngstown State University provides students with an online educational program that is second to none in the state. The University takes great pride in offering courses that provide accurate information and up to date technology that students can rely on to make them leaders in their field. Earning their degree with one of the best online Masters in Economics programs will give them the advantage they need right from the start.

Highlight: Youngtown State is known as one of the most affordable programs in the nation. 

Degree: MA in Financial Economics

4. Purdue University

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Purdue University’s online MS in Economics is designed to be the most up-to-date, innovative economics degree in the nation. Backed by the highly respected Krannert School of Management, Purdue’s economics master’s program gives students access to the most advanced technological tools in the industry, combining age-old economics theory with data analysis and application. 

Purdue University’s Krannert School of Management is one of the nation’s foremost business schools, and Purdue has become a leader in online education in recent years. That combination means students can expect the online MS in Economics to not only give them the highest quality of online learning, but also to have a real name value on the job market. 

Highlight: Purdue’s MS in Economics can be completed in as little as 20 months. 

Degree: MS in Economics

5. University of Delaware

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The University of Delaware offers an MA in Economics and Entrepreneurship for Educators online program that provides students with the best educational opportunities possible. Students who attend the university have the skills and abilities to accomplish almost any type of task in terms of teaching others who are interested in learning more about economics and entrepreneurship. With an online MA in Economics and Entrepreneurship for Educators, students can assist others in reaching their goals.

The University of Delaware provides students access to educational resources and faculty members who are well-advanced in their careers. This provides each student with a learning opportunity that is second to none in terms of excellence in education. 

Highlight: Students can complete their MA in Economics and Entrepreneurship for Educators online degree program while continuing to work and support their families.

Degree: MA in Economics and Entrepreneurship for Educators

6. Georgia Southern University

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Georgia Southern University offers an MS in Applied Economics for students who want to excel in their careers. Students are taught how to apply economic principles to various situations to predict or create a specific outcome. Students who attend GSU are guaranteed one of the best online MS in Applied Economics programs available throughout the south.

Georgia Southern University is a leader when it comes to offering the best online Masters in Applied Science programs to students who want to explore employment opportunities within that field. Faculty members are hand-picked for their experience and knowledge when it comes to teaching applied economics to students over an online platform.

Highlight: The online degree program offers strong academic courses and a flexible schedule that allows students to learn at their own pace and establish themselves as an expert in their field.

Degree: MS in Applied Economics

7. Southern New Hampshire University

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Southern New Hampshire University offers one of the best MS in Applied Economics online programs for students who need to earn their degrees outside of a classroom setting. The courses are designed to teach students how ot analyze financial information and project future trends as well as interpret fluctuations within the financial markets. They earn skills that will benefit them in both their personal lives as well as in their chosen professions. With one of the best online Masters in Economics degree programs to back them up, students are fully prepared to succeed once they graduate.

Southern New Hampshire University offers military personal and students who are already employed an opportunity to earn their degree on their terms. The University has designed quality coursework that is taught by faculty members with years of experience in their field. Students who choose to attend the university can graduate with confidence and look forward to many employment opportunities.

Highlight: SNHU is one of the biggest names in online education, and especially known for its dedication to education for veterans and working adults. 

Degree: MS in Applied Economics

8. Northeastern University

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Northeastern University offers one of the best online Masters in Commerce and Economic Development degree programs available in the country. Students are provided with the skills they need to succeed when new opportunities present themselves. Graduating with a degree from one of the best Masters in economics online programs gives students the confidence they need to move forward.

Northeastern University has schools across the country so that students who choose to attend one of heir online programs also have access to a regional campus if needed. The ability to attend classes online while still having access to some of the best faculty members in the country is a bonus for many students. Online Masters in Economics degree programs provide students with the education they need when it is difficult for them to attend a classroom.

Highlight: Students in Northeaster’s Commerce and Economics Development program can choose from several specific concentrations, including data analytics and economic entrepreneurship. 

Degree: MS in Commerce and Economic Development

9. University of Detroit Mercy

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The University of Detroit Mercy offers one of the best online MA in Economics degree programs available to students who are wanting an occupation that allows them to work with both economics and financial principles. The courses provide instruction on the world economy and all of the institutions and participants who play an active role in keeping things running smoothly. Detroit Mercy offers one of the best online Masters in Economics programs in the Midwest, especially for students wanting an online platform.

The University of Detroit Mercy is one of many colleges in the Midwest that offer online degrees in economics. The online MA in Economics degree program offered by the school provides students with the best opportunity for success so they can still continue to care for their families.

Highlight: Detroit Mercy is one of the most well-respected universities in the Detroit area in terms of offering the highest quality, online education for students who need to maintain their current employment while attending school.

Degree: MA in Economics

10. University of Missouri

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The University of Missouri’s online MA in Economics degree program is one of the best in the country. Students are introduced to various subjects including econometrics, international trade, monetary systems, economic development, and quantitative economics. They are given the skills and abilities they need to become professionals in their field and function efficiently when it comes to performing their duties. The best online Masters in Economics degree programs allow students the best chance at success.

The University of Missouri is one of the best schools in the area in terms of quality coursework and professional faculty members who bring to the table many years of experience. The online degree programs offered by the University of Missouri provide students with an opportunity to continue to fulfill their obligations to family while finishing their degree.

Highlight: Mizzou is one of the foremost public research universities in the US and deeply connected to government and industry throughout the Midwest. 

Degree: MA in Economics

11. University of North Dakota

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The University of North Dakota offers the best MS in Applied Economics and Predictive Analytics online degree programs for students who want to earn their degree without having to attend a classroom. Students are taught a variety of skills including strategic planning, economic development, analysis, and applied research skills that will allow them to become proficient in their chosen profession. The best online MS in Economics degree programs will help students get a headstart on the career of their choice.

UND has faculty members with many years of experience in economics and predictive analysis that can help students better understand the concepts and principles that are being presented throughout the course work. Students who choose to pursue an online degree program can continue to work and gain the experience they need to apply for the more advanced positions.

Highlight: The University of North Dakota has offered quality online educational programs for many years and has become central to education for working adults in the Midwest and Great Plains. 

Degree: MS in Applied Economics and Predictive Analytics

12. Johns Hopkins University

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Johns Hopkins University has one of the best online MS in Applied Economics degree programs on the East Coast. Online coursework at the university includes Spatial Economics, Public Policy, Health Economics, Environmental Economics, and International Economics and Development. By offering these classes, students are provided an opportunity to explore all facets of the economy and financial world and learn the necessary skills that are needed to thrive in that environment. By enrolling in one of the best MS in Economics online degree programs, students can earn their degree and create a worthwhile career for themselves.

Johns Hopkins University is one of the most prestigious schools in the country. They are well-known for having award-winning faculty members and state of the art technological tools that students can use to gain an advantage once they graduate and enter the workforce. 

Highlight: By offering online course programs, Johns Hopkins University gives students a chance to learn at their own pace while continuing to gain experience and support their families.

Degree: MS in Applied Economics

13. Western Illinois University

western illinois u

Western Illinois University offers an excellent MA in Community and Economic Development online degree program for students who are interested in continuing their education. The university offers courses in Community Development, Economic Development, Marketing and Data Analysis to provide students with an opportunity to learn about all aspects of the economy and how it affects businesses and our daily lives. Western Illinois University offers the best MA in Community and Economic Development online degree programs.

Western Illinois University has been offering competitive online programs for many years in order to provide students with an education they can rely on. The online programs offered by the university allow students to learn when it is most convenient for them instead of restricting them to a classroom environment.

Highlight:  Faculty members at Western Illinois offer experience and knowledge gained from working for many years in the economics field.

Degree: MA in Community and Economic Development

14. SUNY Empire State College

suny empire state

SUNY Empire State College has one of the best online MA in Community and Economic Development degree programs available in the northeastern United States. Graduates learn about business models, public policy analysis, ethical issues found in social policy, and the basic principles of community and economic development. By earning their degree, graduates can pursue a career in any number of fields that allow them to work in either the public or private sector. 

SUNY Empire State College has a proud tradition of providing students with a quality education, access to professional faculty members, and excellent resources they can use to gain an advantage as they move forward with their education. Students who enroll in online programs can continue to work and support their families as they begin to take the necessary steps to move up in their careers.

Highlight: SUNY Empire State College provides students with one of the best online MA in Economic degree programs in the area.

Degree: MA in Community and Economic Development

15. Regent University

regent u

Regent University is a Christian school of higher learning that offers one of the best MBA in Economics online degree programs in the area. Students who enroll in this degree program will receive the skills they need to become a research analyst, economist, personal financial consultant, financial reporter, research analyst or an executive in financial leadership. By providing one of the best MA in Economics online programs, Regent is giving students an advantage in terms of getting ahead of their competition.

Regent University has been known for many years as one of the most reputable universities on the east coast. Faculty members are professionals in their field and bring to the table years of experience. The school strives to provide students with the technology they need to work in this highly competitive field. By offering students the option to enroll and take their classes online, they provide many with an opportunity they may not have otherwise had.

Highlight: Regent University has become one of the best-known Christian institutions in the world for online education. 

Degree: MBA in Economics

Why Should I Choose an Online Master’s in Economics?

An online master’s in economics has many benefits to a person. For example, earning a master’s in economics is a convenient way to learn more about how the real world of finance works. Plus, a person can choose to earn a master’s degree in economics from their own home.

An online master’s in economics provides a person with a “leg-up” over the competition when compared to individuals who only have a bachelor’s degree. In other words, a person who completes a master’s degree in economics online will have something more than much of the competition. This means an employer may look at the fact that a person completed a master’s in economics online and choose him or her over the competition. 

Choosing to earn one of the online master’s degrees in economics can prepare a person to take on a higher role. In fact, after a person earns a master’s in economics online, he or she may be able to take on a leadership role. 

Completing a master’s degree in economics online can help a person earn more money at his or her current position or help him or her find positions that pay more.  

What is a Master’s in Applied Economics?

Unlike a standard economics program, a master in applied economics helps prepare a student for a career in research or teaching economics. A masters in applied economics provides a student with analytical and practical training. A master in applied economics places emphasis on how economics applies to the real world. It focuses on how economic tools are applied.

To answer “What can I do with a master’s in applied economics,” a person can take on a teaching role in a two-year degree program. Additionally, what can I do with a master’s in applied economics also includes taking on research roles and leadership positions. 

Can I Get a Job with a Master’s in Applied Economics?

A person can get a job with a master’s in applied economics. In fact, a number of jobs in applied economics are available. Masters in applied economics jobs include a variety of positions in different fields. For example, it’s possible for a person to find jobs in applied economics in businesses or with non-profit organizations or even the government. Banks may have positions available for individuals who have this degree background as well. Masters in applied economics jobs include positions in teaching, research, and more. 

How Much Can I Make with a Master’s in Economics?

The salary for masters in economics varies based on the position a person takes; however, the earning potential is high. For instance, if a person searches for master in economics salary for an economist, a person will discover that, on average, a person in this position earns $104,340 per year. This masters in economics salary is equivalent to $50.16 hourly.  The salary for a masters in economics may be higher if a person takes on a position in scientific research or with grant-making or giving services.  

A masters in economics salary for someone who takes on a teaching role is nearly $100,000 per year as an assistant. However, the masters in economics salary for someone who takes on a teaching position with a community college is around $74,470 per year. This wage varies based on the college a person works for as well as his or her location.

There are other positions for someone with a masters in economics, and the master in economic salary for these positions is a bit different than the aforementioned positions. For instance, the masters in applied economics salary for a person who takes on a role as a financial advisor is $88,890 per year. The masters in applied economics salary for this position can also be much higher, with the top-paid financial advisors making over $150,000 per year. 

Always keep in mind that the masters in economics starting salary is a little lower than average. However, the masters in economics starting salary is just a starting point. 

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