Maryland’s proximity to the nation’s capital makes it the ideal place to earn a graduate degree in economics. Students who study graduate-level economics in the Baltimore-Washington area have unparalleled access to internships and other academic and professional opportunities at agencies such as the Social Security Administration (SSA) and the Health Care Financing Administration (HCFA), among others. The master’s degree in economics is an increasingly popular option. According to the Maryland Higher Education Commission, 926 students earned master’s degrees in the social sciences, including economics, in 2005, an increase of 47% over the previous decade.
The state’s university system offers a variety of options across several campuses for students who want masters degree in economics, including:
- The M.A. in Economics, which immerses students in all areas of economics, theoretical and applied. The M.A. is Economics is generally a precursor to pursuing a PhD and a career as a university professor or as an analyst or fellow at a research institution or think tank.
- The M.A. in Applied Economics, which trains students in evidence-based quantitative analysis, econometrics, and economic modeling for practical application on behalf of private and non-profit organizations and governmental agencies. This degree program is ideal for individuals who are already in the work force but desire to advance their careers or make a shift in their professional trajectory.
- The M.A. In Economic Policy Analysis, which focuses on economic analysis as it pertains to the formulation of public policy. This is an interdisciplinary program that prepares students to serve as professionals who will shape, analyze, and implement policy decisions in both business and government.
Graduate students in economics in Maryland may also choose programs offered by a range of private universities and online academic institutions.