Master's Degrees in International Economics
If working for an international organization, consulting firm or financial institution sounds interesting, you might consider earning an international economics master's degree. Learn about curriculum, graduation requirements, potential careers and online options.
What Can I Learn in an International Economics Master's Degree Program?
In a master's degree program in international economics, you can learn techniques for the analytical analysis of global economic issues. The curriculum provides an overview of the continuous changes in the world economic climate. You can learn about currency markets, international capital and trade barriers. The curriculum covers foreign exchange markets, economic issues in newly industrialized countries and the impact of economic policy-making on world markets.
|Key Curriculum Topics||Trade barriers, global economic issues, international capital, currency markets, foreign exchange markets|
|Prerequisites||Bachelor's degree is required; some schools may require a minimum GPA, standardized test scores, and some previously related coursework for admission|
|Learning Environment||Traditional classroom and distance learning programs are available|
|Median Salary (2018)||$104,340 (for economists)*|
|Job Outlook (2016-26)||6% growth (for all economists)*|
Source: *U.S. Bureau of Labor Statistics
What Are the Requirements for Completing This Degree?
To be accepted into an international economics master's degree program, you'll generally need a bachelor's degree, at least a 3.0 undergraduate GPA, and coursework in economics and statistics. Some schools require an undergraduate degree in economics and some calculus courses. Most schools require minimum scores on the GRE or GMAT exam.
Depending on the school, you may be required to take at least ten courses to earn your master's degree, including a combination of core and elective classes. In core classes, you can expect to learn the basics of international economic policy and theory. International trade policy courses provide you with an understanding of world trade theories, free trade area formation and trade policy impact on global economic well-being. Other required courses may include econometrics, economic development and financial economics.
Where Can I Use This Degree?
You can pursue career opportunities with international trading companies, consulting companies or government agencies. Corporations with international subsidiaries and financial institutions also hire economists with backgrounds in international economics to develop economic models or create risk assessments. According to the U.S. Bureau of Labor Statistics (BLS), the median wage for economists in May 2018 was $104,340 (www.bls.gov). A job growth rate of six percent is expected for economists between 2016 and 2026, according to the BLS.
Is This Degree Available Online?
If you are interested in pursuing a graduate degree online, you can find economics master's degrees available via distance learning. Online economics degrees provide the quantitative and analytical skills required for pursuing consulting, economic development or research positions in economics.
If your career goals include pursuing jobs focused on international relations or economics, you can find international MBA programs available through online learning. International MBA programs focus on the social and political conditions of global markets and provide practical knowledge you'll need to work in international business.