Economics Degree

Economics Degrees in the USA

Introduction to studying an economics degree in the USA

Studying economics in the USA provides international students access to cutting-edge research, expert faculty, and a dynamic learning environment that encourages the development of critical thinking and analytical skills.

International students enrolled in economics courses benefit from a curriculum that covers a broad range of topics, including microeconomics, macroeconomics, econometrics, and specialized areas such as international trade, development economics, and financial economics. The interdisciplinary nature of many programs allows students to explore connections between economics and other fields, fostering a holistic understanding of economic principles. Students often have opportunities to engage in internships, research projects, and networking events, connecting theoretical knowledge with real-world applications and building a strong foundation for future careers in academia, government, or the private sector.

Joint honours degrees are also available, while subjects such as history, law, and politics will help craft how you see the past and future of economics.

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Types of Economics Degrees

Bachelor of Arts (B.A.) in Economics

An undergraduate degree in economics allows students to acquire relevant skills and knowledge of an economy while enhancing their analytical ability, strategic thinking, or problem-solving. The degree will give students a basic understanding of economic principles and their real-world applications.

Additionally, the knowledge and skills students gain in this degree will be a rewarding and globally recognized experience. Students will also explore multiple modules like supply and demand, market structures, economic growth, inflation, and fiscal policy. Moreover, undergraduate courses come in different specializations, such as Bachelor of Science (B.S.) in Economics.

Master of Arts (M.A.) in Economics

The Master of Arts in Economics offers advanced training to students in economics research methods and theory. During the studies, students will thoroughly understand the quantitative and analytical skills required for the profession and further studies. The program also prepares students with a comprehensive knowledge of concepts that drive economic development. Moreover, students will also engage in different modules such as microeconomics, macroeconomics, econometrics, and various specialized subfields such as international economics, labor economics, or financial economics. The postgraduate program is also available in specializations like Master of Science (M.S.) in Economics and MBA with a Concentration in Economics. 

PhD in Economics

A PhD in the USA is internationally recognized and prepares students for a rewarding career in teaching and research. Throughout their journey, scholars will study advanced courses and work closely with professionals to enhance their knowledge and better research opportunities. If a learner is passionate about economics, they will also address critical issues such as economic development, poverty, and environmental sustainability. Moreover, the students will get a higher salary after completing the doctoral program than master's and bachelor's. The program is time-consuming and challenging, but students will surely benefit from their intellectual growth, career opportunities, and academics. 


Many U.S. universities provide scholarships for international students pursuing Economics courses, which can help students with tuition and living expenses. Here are some USA scholarships for economics domain for international students:


Offered by

Awarded value

ASEAN Partner Institution Scholarship

Macquarie University


Tongarewa Scholarship At Victoria University Of Wellington

Victoria University Of Wellington


Boston University Presidential Scholarship

Boston University


Macoun Family Scholarship

University of Queensland


Jobs and Careers

Economics is a vast field that can open up different career opportunities in many industries, such as private and public sectors, academia, and non-profit organizations. Professionals in this domain will change the future of business and understand the complexity of the market because both rely on the economy. Moreover, students can work in financial institutions with companies like JPMorgan Chase and Goldman Sachs and in retail companies, international organizations, and manufacturing companies. Here are some typical jobs and career opportunities for students with a background in economics:


Salary in an economics degree depends on different criteria such as location, education level, specialization, and the employer. Here is a pay scale for each designation-


$80,000 - $120,000 per year

Policy Analyst

$70,000 - $100,000 per year

Management Consultant

$90,000 - $130,000 per year

Financial Analyst

$80,000 - $110,000 per year

Top Universities for Economics in the USA

To learn more about the best economics courses in the USA, find details on the top-ranking economics universities in the US News & World Report 2023 below:

  1. Harvard University
  2. Massachusetts Institute of Technology
  3. Stanford University
  4. Princeton University
  5. University of California--Berkeley
  6. University of Chicago
  7. Yale University
  8. Northwestern University
  9. Columbia University
  10. University of Pennsylvania

Study Economics in the USA

If you want to learn more about studying an economics course in the USA, arrange a free consultation with SI-USA today.

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Economics Degree USA FAQ

Is the GRE needed to study economics in the USA?

For studying Economics in the USA, a GPA of 3.0 or above is typically required. Depending on the university's admission criteria, GRE or GMAT scores may be necessary.

Are US universities suitable for studying economics?

US universities are well-regarded for their economics programs, offering diverse courses and opportunities for research. Many top institutions attract renowned faculty, providing a robust academic environment.

What is the cost of studying for a master's in economics in the USA?

The cost of studying for a master's in Economics in the USA ranges from 30,000 to 70,000 USD. This includes tuition, living expenses, and other associated costs, varying by university and location.

Study in the USA Blog

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