Masters in Economics in USA

The USA is one of the most sought-after places for international students to pursue higher studies. The USA in-houses many top-ranking universities and colleges of the world. Nowadays, with the rise in entrepreneurship, people are looking forward to enrolling in programs that offer the mastery of Economics. The colleges of the USA provide different programs for masters in economics with a course duration of around 1-2 years.

If you are one of those students looking forward to pursuing masters in economics in the USA, this article is for you. We will discuss every detail about pursuing masters in economics in the USA. Read further and get the answers to all your questions.

Masters in Economics in USA: Course Highlights

Why Masters in Economics in USA?

The major reason for pursuing higher education in the USA is the presence of world-class universities and colleges in the USA. Besides this, the USA is a famous study destination among international students because of its great education system. However, there are many other reasons for pursuing masters in economics in the USA, 

Which we have mentioned below:

• Economics is one of the fastest-growing subjects in terms of better scope in the future.
• Major industries of the USA, like the federal government, finance & insurance, etc., are hiring professional economists.
• The average salary of an economist in the USA is $104,000.
• The top 10 universities in the USA provide courses in different specializations of economics like microeconomics, macroeconomics, international economics, financial economics, etc. 

TOP Universities for Masters in Economics in USA

Masters in Economics in USA: Subjects Covered

Different courses for masters in economics in the universities of the USA are specially designed for students inclined towards the studies of economics and financial patterns of the market. 

These courses cover different parts of economics that we have mentioned below:

• Econometrics: Econometrics is the study of the market's economic phenomena based on mathematical and statistical calculations.
• Microeconomics: Microeconomics helps in understanding customer behaviour. It helps in the improvement of decision-making procedures.
• Macroeconomics: Macroeconomics focuses on the study of inflation for the payment balance and poverty reduction.
• Developmental Economics: Developmental economics is the study of the socio-economic development of countries.
• Industrial Economics: Industrial economics is the study of different firms and companies, from small-scale to large-scale industries.
• International Economics: The branch of economics that studies and focuses on the changes in international economic trends.

Cost of Studying Masters in Economics in USA

The cost of studying in the USA includes the cost of living plus the tuition fees of the chosen course. It varies with the different types of courses and universities you choose for your further education. However, we have listed the tuition fees of some top universities and their courses for your reference.

Tuition Fees

Cost of Living in USA

Like the tuition fees of the different courses and colleges vary, the cost of living also varies according to the city and area you choose to live. The cost of living in the USA largely depends on your standard of living. Here, we have listed the average expenditure on different commodities in the USA for reference.

Masters in Economics in USA: Eligibility Requirements

The eligibility requirements also vary according to the different colleges and programs. However, there are some essential and common eligibility requirements for pursuing masters in economics from the universities and colleges of the USA. 

We have mentioned these eligibility requirements below:

• The candidate must have secured the minimum required percentage in graduation in relevant subjects from a recognized university.
  
• The candidate must have qualified English proficiency tests like TOEFL, IELTS, or PTE with a minimum required band score.
• The candidate must have a LOR (Letter of Recommendation) and an SOP (Statement of Purpose).
• Some universities and colleges also ask for proven work experience in the relevant field.

Exams Required to Study Masters in Economics in USA

Scholarships to Study Masters in Economics in USA

How to Study Masters in Economics in USA

The steps and admission procedure are almost identical for all American colleges and universities. However, some steps may vary as per the course and college. 

We have listed some of the common steps for your reference below:

• Initially, you need to visit the official website of the shortlisted university.
  
• Check the eligibility requirements for pursuing the course of your interest.
• If you satisfy all the eligibility requirements, take a step ahead and fill out the admission form.
• Gather all the necessary documents like graduation mark sheet, English proficiency test score card, LOR, SOP, etc. and upload them as per the required size.
• Gather your funds and make other financial arrangements and pay the registration fees.
• Wait for the response from the university after submitting the application form and required documents.

Career after Masters in Economics in USA

There is a high demand for an economist and researchers in various industries in the USA. Different companies in the USA provide promising career opportunities after pursuing a master's in economics. Top industries and multinational companies are hiring professionals with masters in economics. We have listed some job profiles after pursuing masters in economics from well-known universities and colleges in the USA.

TOP Recruiters

The following are the top recruiters of professional economists in the USA:

• Bank of America Merrill Lynch
• Apple
• Citi Bank
• Chubb
• World Bank
• Google
• McKinsey & Company
• Ernst & Young
• JP Morgan

We hope you found the article informative and have found all the necessary insights regarding admission to Masters in Economics in the USA. If you are still confused or have other queries regarding admission, enrol and register with AECC. We have the best professionals to guide you throughout the admission procedure. Our professionals will help you to take a step forward in the right direction for your further education. They are always available at your service regarding every possible thing while deciding to study abroad.

So, don't wait anymore; pick up your device and register yourself with AECC to seek any professional guidance regarding admission procedures in your favourite university.

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