Economics is the force behind the markets, policies, and decisions that shape our daily lives. It impacts everything from the systems we rely on to the governments we elect.
Because of its influence, earning a master’s in economics is a smart move for advancing your career. Whether in-person or online, this degree opens doors ranging from research opportunities to a variety of career paths. The benefits detailed below—and beyond—are why so many graduates find the investment well worth it.
Dreaming of being an economist for a Fortune 500 company? You probably need a master’s to even get your foot in the door. According to the U.S. Bureau of Labor Statistics (BLS), the typical entry-level education required for economists is a master's degree. With a quality graduate degree, you'll gain the knowledge and credentials to stand out to top employers, especially in business, research, and international organizations.
A master’s in economics is your ticket to diverse and impactful career paths. With this degree, you’ll be well-positioned for roles such as:
International Development: Work with organizations like the World Bank or IMF to address global economic challenges.
Financial Analysis: Assess market trends, guide investment decisions, and help businesses navigate financial landscapes.
Consulting: Advise corporations, governments, and nonprofits on economic strategy and policy.
Research: Conduct in-depth economic analysis to inform policy and impact innovation.
Beyond the breadth of career options, the financial rewards are compelling, with economists earning an average salary of $115,730 per year. With strong earning potential and the opportunity to influence various industries, a master’s in economics is a valuable investment in both your future and the world around you.
A master’s in economics gives you practical, hands-on skills you can use right after graduation. You’ll learn to apply economic concepts to real-world situations like:
Analyzing market trends
Shaping pricing strategies
Advising on financial decisions
Improving business operations
With this foundation, you’ll confidently conduct economic analyses, helping organizations solve problems and drive results. Courses like economic forecasting prepare you to predict market shifts, a key skill for guiding strategic planning and managing risk. By the end of your program, you’ll be ready to take theory and turn it into action, providing valuable insights that make you an indispensable part of any team.
Whether you’re analyzing inflation trends, advising on policy decisions, or forecasting market shifts, conducting high-level research is a necessary skill that sets economists apart. A master’s in economics gives you the tools to ask big questions, test ideas, and generate insights that drive meaningful change.
Beyond sharpening your analytical skills, research experience is a major asset for your career. Employers in government agencies, financial institutions, and large corporations value economists who can interpret complex data and apply it to current economic issues.
Pursuing a Master of Science in Economics from West Virginia University, whether online or in person, will transform your career and how you contribute to the field.
Our programs are designed to equip you with the skills needed to do meaningful work in the sectors you’re passionate about. Whether you’re focused on international development, public policy, or financial analysis, WVU’s economics program prepares you to navigate and adapt to the evolving landscape of global economics.
By enrolling in WVU's master’s in economics, you will position yourself for success in various high-impact careers, confident in your ability to apply your expertise to real-world challenges.
To determine if graduate school is the right step for you, download our guide, If, When, and Where to Go to Grad School.
Or, request more information about WVU’s economics program and learn how we can support your journey.