Master of Social Work - Traditional
The traditional Master of Social Work (MSW) program at the University at Buffalo is des...
M.S. in Econometrics and Quantitative Economics
Buffalo, New York
INTAKE: Jan & Aug
Program Overview
The M.S. in Econometrics and Quantitative Economics at UB is a 36-credit hour program, typically designed for completion within three semesters (1.5 years). It provides intensive training in mathematical and statistical theories that are fundamental to modern economics and data analysis. The program focuses on preparing students for careers requiring a strong quantitative skill set, such as those in financial economics, international economics, economic consulting, or research. Students can choose from a general track or specialize in Financial Economics or International Economics, tailoring their education to specific career aspirations.
STEM Designated: Yes, the M.S. in Econometrics and Quantitative Economics program at UB is a STEM-designated degree. This is a significant advantage, particularly for international students, as it allows for an additional 24-month Optional Practical Training (OPT) extension, totaling up to 36 months of work authorization in the U.S. after graduation. This provides ample opportunity for graduates to gain professional experience and seek long-term employment.
Curriculum: The 36-credit curriculum consists of 12 courses (3 credits each), with 9 core courses required for the general degree. These core courses provide a robust foundation in economic theory and quantitative methods, including "Microeconomic Theory I & II," "Macroeconomic Theory," "Math for Economists," "Economics of Fluctuation & Forecasting," "Economics and Game Theory," "Industrial Organization," and "Econometrics I & II." For students choosing a Financial Economics focus, required courses include "Advanced Financial Economics," "Risk Management," and "Empirical Methods in Finance." The International Economics focus includes courses such as "International Finance" and "International Economics." Electives allow students to further specialize in areas like "Health Economics," "Urban Economics," or "Computational Econometrics." The program culminates in comprehensive exams.
Research Focus: The M.S. in Econometrics and Quantitative Economics at UB is heavily research-oriented, emphasizing the application of advanced mathematical, statistical, and econometric tools to a wide array of economic issues. The program prepares students to deal with large datasets related to financial, international, and experimental issues, and to branch into areas like health and high-tech research requiring sophisticated econometric analysis. Faculty members are engaged in diverse research, and students are trained to perform rigorous business research, including cost-benefit analysis, market trend analysis, and economic forecasting. The emphasis on technical economic concepts and empirical methods ensures graduates are well-qualified for research-intensive positions.
Industry Engagement: The M.S. in Econometrics and Quantitative Economics program at UB is explicitly designed to produce graduates "highly employable in various industries based locally, nationwide, and worldwide." The skills acquired, such as advanced statistical modeling, data analysis, forecasting, and quantitative research, are in high demand across the private profit and non-profit sectors, government, and NGOs. While the program description doesn't specifically detail mandatory internships, the curriculum's strong practical application focus and the university's broader career services and connections to various industries in the Buffalo and New York State region ensure that graduates are well-prepared for industry roles. The STEM designation itself highlights the program's relevance to cutting-edge industries.
Global Perspective: The M.S. in Econometrics and Quantitative Economics program at UB inherently possesses a strong global perspective, particularly with its dedicated "International Economics" focus. Economic phenomena, financial markets, and business trends are increasingly global, and the program's curriculum prepares students to analyze these interconnected systems. The ability to work with large datasets related to international issues and to forecast global economic activity is a key outcome. As a major public research university, UB attracts a diverse international student body, fostering cross-cultural interactions and broadening perspectives on global economic challenges. This environment ensures graduates are well-equipped to contribute to the global economy and work with international teams.
Location
Buffalo, New York
Score
IELTS 6.5
Tuition Fee
USD 28210
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 or 7.0 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 90 or higher.
- PTE: Overall score of 61 or higher.
- DET (Duolingo English Test): Minimum score of 120.
The University at Buffalo (UB) offers a variety of scholarships and financial aid opportunities specifically aimed at supporting international students who wish to pursue their studies in the United States. These scholarships are designed to reward academic excellence, leadership, and community involvement, helping to make education more affordable for talented students worldwide.
Merit-Based Scholarships: UB provides competitive merit scholarships to outstanding international undergraduate and graduate students. Awards such as the International Student Academic Excellence Scholarship recognize high-achieving students based on their academic records, standardized test scores, and extracurricular involvement.
Graduate Fellowships and Assistantships: Graduate international students can apply for teaching assistantships, research assistantships, and fellowships which offer tuition remission and stipends. These opportunities allow students to gain valuable teaching and research experience while offsetting the cost of their education.
Departmental Scholarships: Many academic departments at UB offer scholarships tailored to students in specific programs or fields of study. These awards may consider academic merit, research interests, or financial need.
External Scholarships: UB encourages international students to explore external scholarship options from private organizations, governments, and international foundations that support study in the U.S. The university’s International Student Services office provides guidance on identifying and applying for such funding sources.
A Master of Science (M.S.) in Econometrics and Quantitative Economics (EQE) from the State University of New York at Buffalo (UB) provides graduates with a highly specialized and in-demand skillset at the intersection of economic theory, advanced statistics, and computational methods. This rigorous, STEM-designated program prepares individuals to analyze complex economic and financial data, build predictive models, and make data-driven decisions. Graduates emerge exceptionally well-equipped for analytical roles across various sectors, from financial markets to government agencies and technology firms.
Economist: Graduates can work as economists for government agencies (e.g., Federal Reserve, Treasury Department), international organizations (e.g., World Bank, IMF), or private consulting firms. They analyze economic trends, forecast market behavior, conduct policy evaluations, and advise on economic strategy.
Quantitative Analyst (Quant): This is a highly sought-after role in the financial services industry. Quants develop and implement sophisticated mathematical and statistical models for trading strategies, risk management, asset pricing, and portfolio optimization for investment banks, hedge funds, and asset management companies.
Data Scientist/Analyst: Leveraging their strong foundation in statistics, econometrics, and computational methods, graduates can work as data scientists or analysts across diverse industries (tech, healthcare, e-commerce, retail). They extract insights from large datasets, build predictive models, and inform business decisions through data-driven analysis.
Financial Analyst: Graduates are well-suited for roles in corporate finance, investment banking, or asset management. They evaluate financial data, assess investment opportunities, conduct valuations, and provide strategic financial advice to individuals or organizations.
Market Research Analyst: These professionals analyze consumer behavior, market trends, and competitive landscapes. They use econometric models and statistical techniques to forecast demand, evaluate marketing campaigns, and provide insights that guide product development and business strategy.
Economic Consultant: Graduates can work for specialized economic consulting firms, providing expert analysis and testimony for legal cases (e.g., antitrust, intellectual property), regulatory compliance, or strategic business planning. They apply economic principles to solve complex real-world problems for clients.
Risk Analyst: In banking, insurance, or other large corporations, risk analysts use quantitative methods to identify, assess, and mitigate various types of financial, operational, or credit risks. They develop models to forecast potential losses and ensure compliance with regulatory requirements.
Forecasting Analyst: Specializing in predictive analytics, these professionals use econometric models and time series analysis to forecast future economic conditions, sales, demand, or other business metrics. They are employed in diverse sectors ranging from manufacturing and retail to energy and logistics.
Policy Analyst (Economic Impact): Working for government agencies, think tanks, or non-profit organizations, graduates evaluate the economic impact of public policies, analyze labor markets, or assess the effectiveness of social programs. They provide data-driven recommendations for policy improvements.
Academic Researcher / Doctoral Student: The rigorous quantitative and theoretical training provided by the M.S. EQE program serves as an excellent foundation for pursuing a Ph.D. in Economics, Finance, or a related quantitative field. This path leads to careers in university-level teaching and advanced economic research.
