The U.S. Bureau of Labor Statistics announced that job growth for masters-prepared economists is likely to top 6% between 2010 and 2020. This agency also stated that 15,400 public sector government economists are currently employed nationwide, and by 2020 another 900 are expected to be hired. Many thousands more managerial economists with advanced degrees serve private sector businesses in roles that range from leadership to accounting.
There are three universities based in Wisconsin that offer master’s degree programs in conventional economics, but many more schools of business offering master’s programs in managerial economics. A number of out-of-state universities also have branch campuses in Wisconsin that offer classroom instruction at the master’s level, and many others offer online degrees.
MBA in Managerial Economics
A Master of Business Administration with a concentration in managerial or business economics is a strong option for today’s aspiring business leaders. MBAs in business economics will prepare professionals for management or executive track careers in the corporate world.
Courses at the graduate level may include:
- Computation of heterogeneous agent models
- Mathematical economics
- Applied econometrics
- Public finance & fiscal policy
- Monetary & financial theory
- International economics
- Economic theory
Many of these programs require demonstrations of scholarly proficiency and require students to perform independent research, which must be presented in the form of a paper or seminar. Passing of a written or oral exam is also required for successful completion of some programs.