MS in Accounting
Northeastern University in Boston offers a robust MS in Accounting pro...
MS in Economics
Boston
INTAKE: Jan & Sept
Program Overview
The MS in Economics program at Northeastern University is designed to provide students with a comprehensive understanding of economic theory, quantitative methods, and practical applications of economics in the global market. The program equips students with the skills necessary to analyze economic data, develop economic models, and address real-world challenges in business, government, and international development. With a strong foundation in both microeconomics and macroeconomics, as well as expertise in econometrics and statistical methods, graduates are well-prepared for careers in policy analysis, economic consulting, finance, and beyond.
STEM-designated: The MS in Economics program is STEM-designated, highlighting its emphasis on the technical and analytical aspects of economics. This designation signifies that the program places a strong focus on data analysis, econometrics, and the application of quantitative techniques to solve economic problems. For international students, the STEM designation also provides the opportunity for an extended Optional Practical Training (OPT) period, allowing them to gain valuable professional experience in the United States. This designation positions graduates to work in a variety of sectors, including financial services, consulting, government, and tech, where technical and data-driven skills are in high demand.
Curriculum: The curriculum of the MS in Economics program at Northeastern University is designed to provide both theoretical knowledge and hands-on experience. Core courses cover fundamental topics such as microeconomics, macroeconomics, econometrics, and statistics. Students also take courses in specialized areas like labor economics, international trade, public policy, and financial economics, allowing them to tailor their studies to their career goals. The program also incorporates advanced quantitative methods, including data analysis and econometric modeling, which are crucial for understanding and addressing complex economic issues. The flexibility of the curriculum enables students to choose electives that align with their personal and professional interests, ensuring a customized and well-rounded education.
Research Focus: Research is a key component of the MS in Economics program, and students are encouraged to engage in independent research projects. Areas of research include economic development, public policy, labor economics, international trade, financial markets, and applied econometrics. Faculty members have diverse research interests, and students benefit from the opportunity to work closely with them on cutting-edge projects that address current economic challenges. Northeastern University’s emphasis on experiential learning also ensures that students apply their research skills in real-world contexts, gaining a deeper understanding of the practical applications of economic theory.
Industry Engagement: Industry engagement is central to the MS in Economics program, and Northeastern University’s strong connections with the business and policy sectors ensure that students gain valuable exposure to the professional world. The program offers opportunities for internships and co-op placements with top companies, government agencies, and international organizations. These hands-on experiences allow students to apply their academic knowledge to real-world problems, build professional networks, and gain insights into the practical applications of economics. Through industry collaborations, students also learn about the latest trends and challenges facing the global economy, preparing them for success in a dynamic job market.
Global Perspective: The MS in Economics program at Northeastern University emphasizes a global perspective by incorporating international economics, trade, and development into the curriculum. Students are exposed to the economic challenges and opportunities that arise in a globalized world, from issues related to economic inequality to the complexities of international markets. The program’s diverse student body and global network of alumni further enrich the learning experience, allowing students to gain insights into economic issues from different cultural and regional perspectives. Northeastern’s international partnerships and opportunities for study abroad also provide students with a broader understanding of global economic systems and policies, enhancing their ability to work in diverse and multinational environments.
Location
Boston
Score
IELTS 6.5
Tuition Fee
USD 49120
Postgraduate Entry Requirements
Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 70% or above in their bachelor's degree.
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 105.
Northeastern University in Boston offers a range of scholarship opportunities for international students to help alleviate the financial burden of studying in the United States. These scholarships are designed to support academically talented students from around the world, promoting diversity and fostering an inclusive campus environment.
Merit-Based Scholarships: Northeastern University provides merit-based scholarships to international students based on academic excellence and achievements. These scholarships are awarded during the admissions process and are highly competitive. The amount and criteria for these scholarships may vary, but they aim to recognize students who demonstrate exceptional academic performance, leadership potential, and a strong their chosen field of study.
Northeastern International Scholars Program: This prestigious program offers scholarships to outstanding international students who exhibit leadership, academic excellence, and a desire to contribute to the global community. The Northeastern International Scholars Program provides both financial support and opportunities for personal growth through networking events, leadership training, and involvement in community service initiatives.
Need-Based Financial Aid: Although Northeastern University does not offer need-based financial aid to international students, there are still many merit-based scholarships available that can significantly reduce tuition costs. However, international students are encouraged to seek external scholarships or funding from their home country to help cover the remaining costs.
External Scholarships and Funding: In addition to institutional scholarships, international students at Northeastern University can explore a variety of external scholarship opportunities from governments, foundations, and organizations in their home countries. Many international students receive funding from these sources to support their education at Northeastern.
Graduates of the MS in Economics program at Northeastern University have a wide array of career options, thanks to the program’s comprehensive curriculum, strong industry connections, and practical experience. The skills developed in the program, including quantitative analysis, econometric modeling, and policy evaluation, prepare graduates for high-demand roles in diverse sectors.
Economic Analyst: Working in government agencies, think tanks, or consulting firms, economic analysts use data and models to assess economic trends, policies, and markets. They provide insights that help guide decision-making in business and public policy.
Data Analyst: Professionals in this role collect, analyze, and interpret economic data, often for private firms, government bodies, or research organizations. They use statistical tools to provide actionable insights that help businesses or governments optimize their strategies and operations.
Policy Analyst: Policy analysts focus on evaluating the impact of policies, conducting research, and providing recommendations for public and private sector organizations. They often work for government agencies, non-profits, or advocacy groups, with a focus on economic, social, or environmental policies.
Financial Analyst: With a strong foundation in economics, graduates can pursue careers in finance, analyzing market trends, corporate performance, and investment opportunities. Financial analysts work in banks, investment firms, and insurance companies, among other sectors.
Economist: Economists are employed in a wide range of industries, from government agencies to private consulting firms. They analyze macroeconomic and microeconomic trends, conduct research, and develop models to predict future economic conditions and inform policy or business strategy.
Market Research Analyst: Market research analysts use economic principles to study market conditions, consumer behavior, and industry trends. They provide insights that help companies make informed decisions about pricing, product development, and market expansion.
Consultant (Economic and Policy): With expertise in economic theory and data analysis, graduates may work as consultants, providing advice to organizations on how to address economic challenges, optimize strategies, or navigate regulatory environments.
International Trade Specialist: Graduates with an interest in global economics can work in international trade, advising businesses, governments, or NGOs on international market trends, trade policies, and economic strategies for global markets.
Public Sector Economist: Many graduates find roles within governmental agencies, where they focus on areas like labor economics, environmental policy, public finance, or international trade, contributing to policy development and economic planning.
Risk Analyst: Risk analysts apply economic theories and quantitative methods to assess the financial risks of investments, markets, and businesses. They play a critical role in financial institutions, corporations, and government agencies.
Management Consultant: Combining economic analysis with business strategy, management consultants help companies improve performance and solve complex problems. They may work across industries, advising on operations, organizational strategy, and economic trends.
