Master of Social Work - Traditional
The traditional Master of Social Work (MSW) program at the University at Buffalo is des...
M.A. in Economics
Buffalo, New York
INTAKE: Jan & Aug
Program Overview
The M.A. in Economics at UB is a 30-credit hour program, typically completed within 1.5 to 2 years for full-time students. It is designed for students who wish to gain an in-depth knowledge of modern economics and finance, particularly those interested in or already working in financial institutions, policy-oriented roles, economic consulting, or education. The program focuses on teaching practical applications of theoretical economics and quantitative methods. Students are required to pass a comprehensive exam as part of their degree requirements.
Curriculum: The 30-credit curriculum for the M.A. in Economics provides a strong foundation in core economic principles and quantitative methods. Required core courses typically include "Microeconomic Theory," "Microeconomic Theory 2," "Macroeconomic Theory," "Econometrics I," and "Econometrics II." These courses ensure students develop a solid understanding of economic modeling, statistical analysis, and empirical research techniques. Beyond the core, students select five additional graduate-level economics courses as electives. This allows for specialization in areas such as financial economics, international economics, health economics, urban economics, environmental economics, or labor economics. Students may also be able to take one approved graduate elective from outside the department with prior approval.
Research Focus: The M.A. in Economics at UB fosters a strong research orientation, training students to apply economic theories and quantitative methods to real-world problems. Faculty within the Department of Economics engage in diverse research areas, including econometrics, financial economics, international economics, health economics, urban and regional economics, labor economics, and industrial organization. While the M.A. is often a terminal professional degree, students are equipped with the tools necessary to conduct economic analysis and to work on economic policy teams. The program also prepares students for continued education at the Ph.D. level, signifying its commitment to rigorous academic and research training.
Industry Engagement: The M.A. in Economics program at UB is highly geared toward preparing graduates for immediate impact in various industries. The curriculum's strong emphasis on practical applications of theoretical economics and quantitative methods directly addresses the high demand for these skills in industries such as finance, healthcare, international trade, and government. The program leverages the expertise of its faculty, many of whom have experience in applying economic principles to real-world issues. Graduates are prepared for employment in financial institutions (e.g., commercial banking, investment management), corporate business, private and public sector policy-oriented organizations, and economic consulting. Opportunities for internships in applied economics may also be available, providing invaluable professional experience and networking opportunities.
Global Perspective: The M.A. in Economics at UB inherently fosters a global perspective by addressing economic phenomena that transcend national borders. Courses and research interests often include topics such as international trade, international finance, economic development, and global economic policy. The program recognizes the interconnectedness of global markets and economies, preparing students to analyze and understand economic issues from an international standpoint. As a major public research university, UB attracts a diverse international student body, which enriches classroom discussions with varied cultural viewpoints and different approaches to global economic challenges. This exposure equips graduates to work effectively in multinational corporations, international organizations, or in roles dealing with global economic policy.
Location
Buffalo, New York
Score
IELTS 6.5
Tuition Fee
USD 31230
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.
Graduates with an M.A. in Economics from UB possess advanced analytical and quantitative skills, making them highly marketable for a wide range of roles across various sectors.
Economic Analyst: Interpret economic indicators, assess market trends, and provide forecasts and insights to businesses, government agencies, or financial institutions.
Financial Analyst: Conduct financial modeling, evaluate investment opportunities, and manage portfolios for banks, investment firms, or corporate finance departments.
Data Analyst: Utilize statistical software and econometric models to analyze large datasets, identify patterns, and support data-driven decision-making in various industries.
Policy Analyst: Research and evaluate economic policies, assess their impact, and formulate policy recommendations for government bodies, think tanks, or non-profit organizations.
Market Research Analyst: Study consumer behavior, market trends, and competitive landscapes to help businesses make informed decisions about products, pricing, and marketing strategies.
Quantitative Analyst (Quant): Develop and implement mathematical models and algorithms for financial markets, risk management, or trading strategies.
Consultant (Economic/Management): Provide expert advice to clients on economic issues, market analysis, strategic planning, and operational efficiency.
Risk Analyst: Identify, assess, and mitigate financial and operational risks for banks, insurance companies, or other financial institutions.
Business Intelligence Analyst: Translate complex data into actionable insights and reports to support strategic business decisions and performance monitoring.
Research Associate/Economist: Conduct economic research, analyze data, and prepare reports for academic institutions, government agencies (e.g., Federal Reserve, Bureau of Labor Statistics), or private research firms.
