Best Master's Programs in Economics

Get tips on choosing a master's degree program in economics. Read on for an overview of three schools offering degrees in this field. Explore the school, department and faculty distinctions. Learn about degree options, topics studied, areas of concentration offered and program requirements. Schools offering Economics degrees can also be found in these popular choices.

Get tips on choosing a master's degree program in economics. Read on for an overview of three schools offering degrees in this field. Explore the school, department and faculty distinctions. Learn about degree options, topics studied, areas of concentration offered and program requirements.

How Can I Find Schools Offering the Best Economics Master's Program?

When looking for the best master's programs in economics, choose highly ranked schools with well-known economics departments. Find out about job placement after graduation and what career services a particular school may provide. Consider programs with faculty who belong to prestigious organizations within the field; some instructors serve as editors and contributors to peer-reviewed economics journals.

What Are Three Top Schools Offering Master's Programs in Economics?

University of California - San Diego (UCSD) in La Jolla

In 2019, U.S. News & World Report ranked UCSD 41st among national universities, and 12th among graduate schools with economics programs in 2017 (www.usnews.com). UCSD Department of Economics faculty members are fellows of the American Academy of Arts and Sciences; departmental instructors are also researchers with the National Bureau of Economic Research.

Aspiring graduate students may only enroll in UCSD's Doctor of Philosophy (Ph.D.) in Economics program. In some cases, students can earn a Master of Arts (M.A.) in Economics as part of the Ph.D. program. Annual prizes given to graduate students include the Award for Teaching Assistant (TA) Excellence and the Walter Heller Memorial Prize for Best Third Year Paper.

  • M.A. in Economics
  • Ph.D in Economics

University of Illinois (U of I) at Urbana-Champaign

In 2019, U of I was ranked 46th among national universities, and 29th among graduate schools with economics programs in 2017 by U.S. News & World Report. Faculty members in U of I's Department of Economics also serve as editors for peer-review journals, including The Quarterly Review of Economics and Finance and Economic Inquiry.

Students enrolled in the economics master's program at U of I may choose a specialization, like econometrics, development economics or international economics, among others. The business economics and informatics master's program is only offered in Athens, Greece. Official degree titles include:

  • Master of Science in Economics
  • Master of Science in Business Economics and Informatics
  • Masters of Science in Policy Economics

Johns Hopkins University (JHU) in Baltimore, MD

U.S. News & World Report ranked JHU 10th among national universities in 2019, and 23rd among graduate schools with economics programs in 2017. JHU offers a Master of Science in Applied Economics. In addition, a Master of Arts in Economics is available to students who enroll in the university's doctoral program. Students in this economics doctoral program may earn the master's degree after completing two years of graduate-level study. Some students complete one year of coursework and a final essay in order to earn a master's degree.

  • M.S. in Applied Economics
  • M.A. in Economics
  • Ph.D in Economics

Ten Top Schools with a Master's Program in Economics

College/University Institution Type LocationEstimated Graduate In-State Tuition*
Harvard University Private, not-for-profit, 4 year Cambridge, MA$47,000
Massachusetts Institute of Technology Private, not-for-profit, 4 year Cambridge, MA$55,000
Princeton University Private, not-for-profit, 4 year Princeton, NJ$51,000
University of Chicago Private, not-for-profit, 4 year Chicago, IL$59,000
Stanford University Private, not-for-profit, 4 year Stanford, CA$51,000
University of California-Berkeley Public, 4 year Berkeley, CA$14,000
Northwestern University Private, not-for-profit, 4 year Evanston, IL$55,000
Yale University Private, not-for-profit, 4 year New Haven, CT$42,000
University of Pennsylvania Private, not-for-profit, 4 year Philadelphia, PA$39,000
Columbia University Private, not-for-profit, 4 year New York, NY$48,000

*Source: NCES, U.S. Department of Education

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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