B.S. in Mathematical Economics

Muncie, Indiana

 

INTAKE: Jan & Aug

Program Overview

The Bachelor of Science in Mathematical Economics at Ball State University integrates the principles of economics with advanced mathematical techniques, providing students with a robust framework for analyzing economic phenomena. This interdisciplinary program prepares graduates for diverse careers in economics, finance, data analysis, and public policy by emphasizing quantitative skills and economic theory.

STEM-designated: As a STEM-designated program, the B.S. in Mathematical Economics emphasizes science, technology, engineering, and mathematics. This designation highlights the program's focus on analytical and technical skills, making it appealing to international students who may benefit from extended Optional Practical Training (OPT) opportunities after graduation.

Curriculum: The curriculum combines core courses in economics, such as microeconomics and macroeconomics, with advanced mathematical courses, including calculus, linear algebra, and statistical methods. This blend equips students with the analytical tools necessary to understand and interpret economic data, conduct research, and solve complex economic problems. Electives allow for further specialization in areas like econometrics, game theory, and financial economics.

Research Focus: Ball State University promotes a strong research focus within the Mathematical Economics program. Students are encouraged to participate in faculty-led research projects that explore contemporary economic issues, enhancing their understanding of theoretical concepts while applying them to real-world scenarios. This research experience fosters critical thinking and problem-solving skills.

Industry Engagement: The program emphasizes industry engagement by fostering partnerships with local businesses, government agencies, and financial institutions. Students benefit from internship opportunities, networking events, and guest lectures by industry professionals, allowing them to gain practical experience and build connections that can lead to future job opportunities.

Global Perspective: With a commitment to providing a global perspective, the B.S. in Mathematical Economics program examines economic issues in an international context. Students explore topics such as global trade, exchange rates, and the impact of economic policies across different countries. This global outlook prepares graduates to work in diverse environments and address economic challenges on a broader scale.

Pollster Education

Location

Muncie, Indiana

Pollster Education

Score

IELTS 6.5

Pollster Education

Tuition Fee

USD 28044

Undergraduate Entry Requirements

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.

English Language Proficiency:

  • IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
  • TOEFL: Overall score of 79 or higher.
  • PTE: Overall score of 53 or higher.
  • DET (Duolingo English Test): Minimum score of 110.

Ball State University is promoting diversity and providing financial support to international students. 

Ball State's International Student Scholarships: Ball State University offers a variety of merit-based scholarships exclusively for international students. These scholarships are typically awarded based on academic achievement, extracurricular involvement, and leadership qualities.

University-Wide Scholarships: International students are eligible to apply for university-wide scholarships that are open to all students, regardless of their nationality. These scholarships often have specific criteria and requirements.

Departmental Scholarships: Many academic departments at Ball State University offer scholarships to international students pursuing degrees within those departments. These scholarships may be based on academic performance, major, or specific achievements.

Study Abroad Scholarships: Ball State encourages international students to participate in study abroad programs. The university offers scholarships to help cover the costs associated with studying abroad, promoting global experiences and cultural exchange.

Privately Funded Scholarships: There are external scholarship opportunities for international students provided by private organizations, foundations, and government agencies. Ball State's scholarship office assists students in identifying and applying for these external scholarships.

Cultural Scholarships: Ball State University may offer scholarships to students who are actively involved in promoting their own cultures and engaging in cultural exchange on campus.

Full-Ride Scholarships: In some cases, highly qualified international students may be eligible for full-ride scholarships that cover tuition, fees, and living expenses.

Community Scholarships: Local community organizations and partners sometimes provide scholarships to international students who are engaged in community service and demonstrate a commitment to the local area.

Graduates of the Bachelor of Science in Mathematical Economics program at Ball State University are well-equipped to enter a variety of fields, leveraging their unique combination of economic theory and mathematical analysis. The skill set gained from this program opens doors to numerous career opportunities in both the public and private sectors.

Economic Analyst: One of the most common career paths for graduates is that of an economic analyst. In this role, individuals assess economic data, analyze trends, and provide insights that support decision-making for organizations or government agencies. Economic analysts often contribute to policy development and economic forecasting.

Data Analyst: With a strong emphasis on quantitative skills, graduates can pursue careers as data analysts. These professionals collect, process, and analyze large datasets to identify patterns and inform business strategies. Data analysts play a critical role in sectors such as finance, marketing, and healthcare, where data-driven decisions are essential.

Financial Analyst: Financial analysts evaluate investment opportunities and provide recommendations to organizations regarding asset management and financial strategies. This role requires a solid understanding of financial markets, economic indicators, and quantitative methods, making it a suitable option for graduates of the Mathematical Economics program.

Policy Advisor: Graduates may also find opportunities as policy advisors for governmental and non-profit organizations. In this role, individuals analyze economic conditions and assess the impact of policies, providing recommendations that support economic development and social welfare.

Risk Management Specialist: Those interested in finance can work as risk management specialists, focusing on identifying and mitigating financial risks within organizations. This role involves analyzing economic trends and market conditions to develop strategies that protect assets and ensure financial stability.

Consultant: Many graduates choose to work as economic consultants, providing expert analysis and advice to businesses and government entities. Consultants assess economic conditions, evaluate policies, and recommend strategies for improving organizational performance.

Researcher: Graduates may also pursue careers in research, working for think tanks, research institutions, or universities. In this capacity, they conduct studies on various economic issues, contributing to the advancement of knowledge and policy formulation.

Actuary: For those with strong mathematical skills, a career as an actuary is a viable option. Actuaries analyze financial risks using mathematical and statistical methods, often working in insurance, pensions, and investment sectors to help organizations manage uncertainty and develop strategies.

Continuous Professional Development: Graduates may also pursue further education, such as a master’s degree or specialized certifications, to enhance their qualifications and career prospects. Advanced degrees in economics, finance, or data science can lead to more advanced positions within their chosen fields.

Growing Job Market: The demand for professionals with strong analytical and quantitative skills is increasing across various industries, including finance, government, and consulting. Graduates from Ball State University’s B.S. in Mathematical Economics program are well-prepared to meet this demand, positioning themselves for successful and rewarding careers.


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