Economists can apply their knowledge of production and distribution of resources to several areas, including public policy, the environment, and healthcare, among others. Any degree in economics can open many doors, but a Master's Degree in Economics is needed for many jobs as economists. It is also important to note that the U.S. Bureau of Labor Statistics expects that the number of employment for economists will grow six percent by 2026. The median pay in 2018 was $104,340.
When thinking about starting a graduate program in economics, there are several factors that students should take into consideration. The first of which, being the length of the program. Many of the following programs can be completed in one to two years, depending on the number of courses a student takes each semester.
Next, some programs are STEM-designated, which is essential for international students to note when applying for visas. Finally, if one is looking to pursue a doctoral degree in the field of economics eventually, it can be helpful to complete a degree with a thesis-option to show that one can pursue independent research at a graduate level.
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