Top 15 Masters in Economics Schools in 2024

January 26, 2024 | Admin

Masters in Economics

A Masters in Economics is an excellent educational degree that gives you several options for a career in the future. The Masters of Economics from the right school gives you an opportunity to explore many career options with well-paid salaries. Some schools even offer online economic degrees.

Why Choose a Masters in Economics?

Between 2016 and 2026, the Bureau of Labor Statistics believes that careers in economics will grow by around 6%. Additionally, the current median pay for someone with a Masters in Economics is $102,490.

Getting a Masters in Economics

With a Masters in Economics degree, you can choose to work in a few areas. You could become a budget analyst, operations research analyst, economist, market research analyst or other professional in the field. Most graduate programs will want you to take the Graduate Management Admission Test before you begin, but not all require it.

Rank School Location
1Texas A&M UniversityCollege Station, Texas
2University of MissouriColumbia, Missouri
3University of OregonEugene, Oregon
4Iowa State UniversityAmes, Iowa
5Florida State UniversityTallahassee, Florida

Top 15 Schools for a Masters in Economics

We have selected 15 of the best schools to go to for a Masters in Economics.


Texas A&M University

  • College Station, Texas
  • Graduation Rate: 80%

Texas A&M University offers a Master of Science in Economics with a concentration in Financial Economics or Econometrics. There is a fast-track program available. The program consists of 36 credit hours.

Tuition (graduate, in-state): $3,823
Total enrollment: 3,710
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University of Missouri

  • Columbia, Missouri
  • Graduation Rate: 68%

The University of Missouri offers a Master’s program in the STEM discipline. This provides training in economics and focuses on careers based in government or business. The program is able to be completed in just three semesters.

Tuition (graduate, in-state): $12,007
Total enrollment: 15,988
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University of Oregon

  • Eugene, Oregon
  • Graduation Rate: 72%

The University of Oregon offers the Master’s Program in Economics which consists of 12 courses to be completed across three terms. The program teaches skills in microeconomics, macroeconomics and econometrics.

Tuition (graduate, in-state): $14,958
Total enrollment: 22,517
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Iowa State University

  • Ames, Iowa
  • Graduation Rate: 75%

At Iowa State University, students complete a total of 30 credits to receive the Master of Economics or Agricultural Economics. There is a thesis and non-thesis track with concentrations in finance, industrial organization, human resources, agricultural marketing and agricultural policy.

Tuition (graduate, in-state): $9,758
Total enrollment: 33,372
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Florida State University

  • Tallahassee, Florida
  • Graduation Rate: 80%

Florida State University has a one-year program students can take to get a Masters in Applied Economics. This program is made up of 30 credit hours and has class sizes at around 25 students each.

Tuition (graduate, in-state): $9,684
Total enrollment: 42,450
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Claremont Graduate University

  • Claremont, California

A Master in Economics from Claremont Graduate University is focused on teaching problem-solving skills and advances in empirical research. The program provides practice-based scholarship based on the scientific method. Overall, this is a 12 to 18 month program with courses starting in fall, spring and summer.

Tuition (graduate, in-state): $35,640
Total enrollment: 1,950
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Baylor University

  • Waco, Texas
  • Graduation Rate: 74%

At Baylor University, students can seek a Master of Science in Economics. This program is made up of 30 credit hours or 36 credit hours, depending if students want to go through the thesis or non-thesis track.

Tuition (graduate, in-state): $32,130
Total enrollment: 18,033
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University of Houston

  • Houston, Texas
  • Graduation Rate: 59%

The University of Houston offers a Master in Applied Economics that is a 12-month master’s program. It trains students in critical thinking, regression analysis, data management, trend monitoring and problem solving.

Tuition (graduate, in-state): $8,370
Total enrollment: 46,148
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University of Connecticut

  • Mansfield, Connecticut
  • Graduation Rate: 82%

The University of Connecticut offers the Masters of Science in Quantitative Economics. This is a three-semester course with a calculus-based program focused on econometrics, forecasting, empirical finance and more.

Tuition (graduate, in-state): $16,300
Total enrollment: 27,280
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University of Wisconsin – Madison

  • Madison, Wisconsin
  • Graduation Rate: 85%

The University of Wisconsin, Madison, offers the Wisconsin Economic master’s program. This program may be completed in two years, so long as students complete two spring and two fall semesters.

Tuition (graduate, in-state): $10,728
Total enrollment: 44,257
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University of Arizona

  • Tucson, Arizona
  • Graduation Rate: 60%

The Master of Economics at the University of Arizona requires 30 hours of completed coursework. The program requires 24 core courses and two 600-level elective courses. Students study courses such as dynamic economic analysis and microeconomics.

Tuition (graduate, in-state): $11,938
Total enrollment: 44,577
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Georgetown University

  • Washington, D.C., United States
  • Graduation Rate: 94%

Georgetown University offers a Master of Arts in Applied Economics. The course is divided into two parts, the first during the fall term with four courses in data analysis, econometrics, microeconomics and macroeconomics. The second half is split into the spring and summer terms.

Tuition (graduate, in-state): $51,336
Total enrollment: 19,593
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University of Delaware

  • Newark, Delaware
  • Graduation Rate: 81%

The University of Delaware offers a Master of Science in Economics and Applied Econometrics. This degree focuses on practical economics, developing an understanding of statistical inference, mathematics and economic theory. The full program consists of 30 credit hours.

Tuition (graduate, in-state): $34,164
Total enrollment: 23,808
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George Washington University

  • Washington, D.C., United States
  • Graduation Rate: 84%

The George Washington University in Washington, D.C., offers an MA in Applied Economics. This degree program prepares students to work in a data-driven world. Full- or part-time students are welcome, and there is an option to enroll in a graduate certificate program at the same time (in one of 10 fields). There is also the opportunity to prepare for the Certified Business Economist professional certification during the master program.

Tuition (graduate, in-state): $31,770
Total enrollment: 27,814
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University of Minnesota – Twin Cities

  • Minneapolis, Minnesota
  • Graduation Rate: 78%

The M.S. degree in Applied Economics at the University of Minnesota prepares students to work in the private and public sector. The program is made up of 30 credit hours and teaches micro and macroeconomic theory.

Tuition (graduate, in-state): $17,580
Total enrollment: 51,327
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Ranking Specifications and Methods This article reviews 15 schools that offer masters of economics. These schools are ranked first by the total tuition for graduate, in-state students. Then, they are ranked based on total enrollment. The combined results are added together and ranked, with the school with the most points at the top of our list. Every effort has been made to make sure the information listed here is accurate, but it is subject to change and cannot be guaranteed. Wondering about Your School’s Ranking? If you work at one of the schools above and are concerned about a mistake or misrepresented information, please reach out so that we can correct this article. If you would like to have your school ranked, we would also be interested in speaking with you.

Find the program that’s right for you

Whether you’re trying to start your career or make a big change, we can help you find the perfect school to help you reach your goals.

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