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Online Economics Degree

Economics and MBA programs have been interlinked ever since the field of business administration took roots. An Economics MBA degree is one of the most holistic programs that can be pursued, not only because it teaches the fundamentals of economic decision making but also focuses on various practical aspects of business and commerce.

Who Should Apply for an Economics MBA?

An Economics MBA degree is ideal for people who are or want to be in a decision making role within a business. Individuals working as managers of firms and even aspiring entrepreneurs can benefit from these programs. These degrees enable students to develop a well-rounded concept of how markets run and how to optimize business decisions in light of latest market trends.

Skills Learnt in an Economics MBA Degree

An Economics MBA aims to develop a very articulate mindset which can put both the profit and market situations together and maximize a business’s potential. Students who take up this degree program learn how to investigate the risks and potentials in investing in both local and foreign markets and make an informed decision based on their research. They also learn to analyze international finance markets and trade.

Graduates of an Economics MBA program are invaluable when it comes to making decisions regarding pricing of a product, setting its market and advertising it. Graduates are also trained in industrial relations, marketing policies and investment decisions. Thus, Economics MBA graduates are able to set up a business in view of the local market and anticipate its growth and development in terms of both the local and the global market. Because of their vast knowledge of global economy, these students are particularly useful in keeping up with globalization in both their business’s financial and trade decisions, thus optimizing profit and developing a sustainable business.

Some degree courses may offer further specializations within an Economics MBA program such as:

  • Urban Economics
  • Labor Economics
  • Economic Analysis

Program Curriculum:

The curriculum will mainly depend on the university that you enroll in as well as the concentration subject that you go for. You’ll normally be required to take up some elective modules along with compulsory modules. This’ll help you fulfill the credit hour requirement and specifically focus on your academic and professional interests. Examples of programs that you will have to study may include the following:

  • Strategies for a Networked Economy
  • Economics and Management Decisions
  • Competition, Innovation, and Strategy
  • Mathematical Economics
  • Statistics for Economics
  • Introduction to Business Law
  • Macroeconomic Theory and Analysis
  • Resource and Environment Economics
  • Business Economics

Admission Requirements:

The admission requirements may vary from one university to another. You’ll typically be expected to hold a bachelors degree from an accredited institute with a minimum level of GPA. Most of the universities require candidates to have taken GRE or GMAT tests and have some relevant work experience. Moreover, alongwith your application you’ll have to provide official transcripts, letters of recommendation, and personal statement.

How Long Does It Take to Complete an Online Economics Degree?

Many universities in the U.S. are offering online Economics degrees such as a 4-year bachelor’s degree or a 2-year master’s degree. Popular universities offering these degrees in the U.S. are the Washington State University, the Pennsylvania State University, the Oregon State University and the Colorado State University among others.

What Are the Requirements to Complete an Online Economics Degree?

Most commonly, a bachelor’s degree in Economics requires students to complete 120 credits of coursework in forms of lectures, assignments, projects and several exams. A master’s degree, however, usually requires completion of 30 credit hours.

How Much Can I Make After Completing an Online Economics Degree?

After completing an online degree in Economics, people usually work as Economists and Post-secondary Economics Teachers. The U.S. Bureau of Labor and Statistics (2018) reported the annual median salary of Economists at $104,340, whereas the mean salary of a Post-secondary Economics Teacher was $101,480.

Economics MBA Online

An Economics MBA is also offered online by many universities. This is ideal for employed candidates who wish to further their education. The degree focuses on applying principles of economics and business administration to an organization.

Careers after Economics MBA Degree

There are number of capacities in which an individual can work in after obtaining an Economics MBA. Most of the jobs that attract graduates with an Economics MBA degree are those that involve a lot of decision making and supervisory roles. This degree imparts theoretical knowledge which can be put to practical use in almost all aspects of business. Therefore there are many different opportunities that graduates may want to pursue.
Some of the potential workplaces for an MBA in economics include:

  • Investment Banks
  • Management Consultancies
  • Development Sector Organizations
  • Environmental Policy Organizations
  • Public Sector Organizations
  • Multinational Corporations
  • Insurance Companies

To get a better idea of the career options that you may explore, look through the following details:


They are mainly responsible for evaluating ongoing economic issues, analyzing past trends, forecasting future prospects by collecting and analyzing economic data.  

Median Salary (2012):  $91,860

Job growth rate (2012-2022): 14%

Postsecondary Economics Teachers

Some MBA economics graduates may apply for position in academia. They teach economics and business administration subjects to university students and carry out research in different areas.

Median Salary (2012): $87,950 per year

 Job growth rate (2012-2022): 19%

Management Analysts

Based on research and analysis of external as well as internal factors, they formulate strategies that may help improve organizational efficiency and reduce costs. Management Analysts work in collaboration with senior management as well as all other relevant departments.

Median Salary (2012): $78,600 per year

Job growth rate (2012-2022): 19%

Market Research Analysts

They are responsible for analyzing market conditions in order to determine the future level of sales for products and services as well as the overall profitability of the company. They’ll have to examine consumer-specific concerns as well as social, economic, and political factors.

Median Salary (2012): $60,300 per year

Job growth rate (2012-2022): 32%

Frequently Asked Question(s)

Q:Which job titles can be earned after getting the economics degrees?

A:After obtaining your economics degree, you can easily enter a variety of fields, depending on your level of education and area of specialization. The most sought after job titles comprise of financial analyst, banker, loan officer, professor, and economist. Also, the salaries offered with these job positions are determined by your education level and prior experience in the field.

Q:Which topics are covered in online economics degrees?

A:The online economics degrees encompass a comprehensive curriculum, which covers a diverse range of topics including microeconomics, economic regulation, econometrics, research methods, business law, monetary economics, cost analysis, and international economics. The course contents may vary from school to school as well.

Q:Can you name top online schools that offer Economics Degrees online?

A:Students interested in attaining education in economics can consider the following online schools for degree programs in economics: Baker College Online, Kaplan University, Ashworth College, Walden University, Devry University, American Intercontinental University, The Art Institute of Pittsburgh, Penn Foster Career School, Capella University, and Boston University. These universities are ranked amongst the top 20 online schools for economics study programs.

Q:What are my job prospects with an economics degree online?

A:The employment outlook for an online economics degree graduate is favorable. The Bureau of Labor and Statistics estimates this industry to grow by another 5% till 2018.Professionals in this field can expect to find employment in a number of industries, particularly in education and financial sectors. Prospective students can search our website for a list of institutions offering these qualifications.

Q:How can I get a Business Economics degree?

A:If you wish to take up a business degree with Economics specialization, the ideal degree for you would be the Master of Business Administration in Economics or the Bachelor of Business Administration in Economics. Both the degrees offer business as well as economics areas of study. We have a number of schools mentioned on our website offering the MBA in Economics and the BBA in Economics.

Q:My search about scope of Economics Degree mentioned Economic Consultants. What do these professionals do?

A:Economic Consultants would come up when looking at the scope of an Economics Degree. These professionals work for consulting firms and are required to provide their expertise. Economic Consultants provide companies with business and economic strategies, development analysis and advise on how to maximize profits by minimizing waste. Students interested in this profession are advised to search our website for an extensive list of institutions offering this qualification.

Q:Should I pursue an online economics degree?

A:Yes a degree in economics is an excellent choice as it will instruct you about various aspects of the national economy and the functioning of firms. An online degree will allow you to study when you want to and you will not have to worry about getting to class on time. This means you can save up on travelling and boarding costs.

Q:Which career opportunities are available to graduates of online economics degree programs?

A:This will depend on the program level that you completed. Bachelors and masters degree holders can find employment as researchers, evaluators and analysts in different government and business departments. If you complete doctoral programs, you can also join the faculty of different colleges and universities. Associates degree holders can join entry level positions in various developmental agencies.

Q:An economic degree can be pursued at levels of post-secondary education?

A:Economics degree programs are offered at all levels of post-secondary education. Economics is a popularly pursued academic principle that is offered as a major at bachelor level, associate level, and masters level. Individuals can also pursue this field at certificate level. The admission criteria will vary from program to program.

Q:What can you do with an economics degree?

A:An economics degree can open up opportunities for you in places such as multinational corporations, insurance companies, management consultancies, investment banks, and various public sector organizations. The jobs available to you will depend upon your level of education and experience. As a result, your salary will also be determined by the particular job you are able to secure. For instance, in 2012 economists made an annual median salary of $91,860, and management analysts made $78,600. (Source: US Bureau of Labor Statistics)

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