In addition to the two native Montana universities that offer master’s degrees in economics, there are a number of out of state universities that operate campuses in Montana and offer similar degree programs. Numerous online degree programs that provide analogous instruction in conventional economics, as well as business and managerial economics supplement these programs.
Another possibility to consider is a Master of Business Administration that offers more application based education in business economics. Many of these on-campus and online MBA programs provide a concentration in economics that would permit professionals to enter corporate management or collegiate teaching.
The courses in these advanced degree programs are likely to include topics in:
- Quantitative methods
- Microeconomic theory
- Macroeconomic theory
- International trade
- Financial systems
These programs are usually completed within two years, although some intensive programs may require only one year. Some schools require students to conduct research and produce theses or oral presentations. Others may require students to successfully pass a comprehensive examination.
An independent study reported that the median earnings for economists with a master’s degree in 2003 ranged from $60,000 to $80,000. Forbes.com reports that the mid-career median pay for professionals with this degree was $115,000. Forbes.com also projects that the demand for these professionals will increase 14.3% in the coming years.