What Can You Do with a Master's Degree in Economics?

What Can You Do with a Master's Degree in Economics?

It's been said that economics is the only field where two people can share a Nobel Prize for conveying two completely different ideals.

Just like the economy, a graduate degree in economics can be unique and ever-changing. The ability to manipulate and work with numbers, variables and large data sets, along with the versatility of the degree, can open up a number of career options.

Students in the OU Extended Campus College of Professional and Continuing Studies Master of Arts in Economics program are competitive in today's global economy because they receive a background in both business and economics and learn the management and organizational skills necessary to make an impact in a variety of military and civilian careers, said Shelby Cole, home office operations coordinator for OU Extended Campus North America.

"The Master of Arts in Economics degree provides a special emphasis on managerial and applied economics," Cole said. "This degree will provide students with an understanding of the emerging global economy, management decision-making skills, and political and social issues."

Monster.com lists the Master of Arts in Economics as one of the top 10 best-paying graduate degrees.

With a clear knowledge of how worldwide social, political and economic changes affect organizations, graduates are prepared to excel in a variety of opportunities in both the private and public sector, including management, financial administration, investment and portfolio management, and management information systems.

Cole said graduates can find work as actuaries, analysts and consultants, as well as investment and retail bankers.

Management career options include development officer, senior information systems analyst, economic analyst, regional planner and human resources manager. In the area of finance, graduates may find themselves working as financial specialists, securities or cost analysts, real estate professionals or hedge fund managers.

Other career options include bank credit analyst, stockbroker, underwriter, insurance broker, statistician or actuary.

"Some of the most popular areas our graduates have found work in include financial management, economic strategy, financial and credit analysis, financial advising and management consulting," Cole said.

The income in these fields can be quite good. Monster.com lists the Master of Arts in Economics as one of the top 10 best-paying graduate degrees. Graduates with advanced degrees who end up in these areas can expect to earn anywhere from $75,000 to $100,000 or more, depending on the industry. High-demand fields like financial analysis and actuarial science pay on the upper end of that scale.

With its focus on applied economics, the Master of Arts in Economics will provide you with the skills needed to solve real-world challenges. While the financial outlook is favorable, one of the best things about a graduate degree in economics is that you can apply your expertise to many lucrative areas.

Learn more about the Master of Arts in Economics offered by OU Extended Campus.

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Tami Althoff

Tami Althoff holds a bachelor’s degree in journalism. She is a reporter with more than 20 years’ experience working for newspapers, including The Oklahoman. She has covered everything from breaking news to local music and art. She loves sports, especially OU football and basketball games, where she often embarrasses her children by yelling too loudly.