Applied Economics Master’s program at Illinois State University

Illinois State University logo

Applied Economics Masters

applied-economics

With emphasis on extensive training in econometrics and forecasting, exposure to working with large and diverse data sets, and a wide range of statistical software, this program gives students the applied skills that employers demand and provides those pursuing advanced degrees an edge in gaining admission to top Ph.D. programs.

The Applied Economics sequence is designed to train students in the quantitative and applied economic skills that will best enhance their future employment opportunities as economists, research analysts, or planners in the private and public sectors. While the curriculum is structured as a terminal degree in applied economics and many graduates have advanced to doctoral-level programs in economics and in related disciplines, the program is also well suited for individuals who wish to return to school to obtain a graduate degree in a business-related discipline for the purpose of career advancement.

The Applied Economics program is a STEM designated degree, which focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. STEM designated degree programs offer additional benefits for students, including potential grant funded opportunities and, for international students, extended OPT study options.

In 2020 the master in Applied Economics program achieved STEM-designation allowing our graduate students to explore additional grant-funded opportunities and extended OPT study options.

Discover what life as an Illinois State graduate student is like.

A student applying to a master program must:.

Have earned a four-year bachelor degree or its equivalent from a college or university that is accredited by the appropriate regional accrediting association, or do so within one academic year.

The unofficial transcript should be easily readable and clearly indicate degree(s) awarded, courses and course grades for each term.

For admission without deficiencies, applicants need to have successfully completed college courses in:.

Applied Economics requires three (3) letters of recommendation. At least two of the letters of recommendation should come from individuals who are familiar with your scholarly record. The third can be an additional academic reference or a professional reference from someone who knows you well and can comment on your potential as a graduate student.

A two-page statement of purpose explaining your interest in the Applied Economics graduate sequence at Illinois State University, your academic and professional goals, and what you hope to achieve as a graduate student in Economics.

March 1 with consideration.

The University provides graduate assistantships as a means of . They are intended as a way to facilitate a student progress to degree while providing important professional development.

See Student Accounts for information on tuition and fees. Funding for graduate students is available from several different sources. Students who have been admitted from contiguous states including Iowa, Indiana, Kentucky, Michigan, Missouri, and Wisconsin will receive in-state tuition.

48 Months Duration
12 Credit hours
Yes GRE Required
Yes Scholarships Available

Composition of student population

19 Female Students
13 Internation Students
14 Graduate Students Enrolled

How does the Applied Economics Master’s degree program tuition at Illinois State University compared with other universities in Illinois?

Tuition for Master’s in Applied Economics program at Illinois State University

$9,457 In-state Tuition & Fees
$11,069 Out-of-state Tuition & Fees
UniversityIn state Tuition / Year
Applied Economics Masters program at Millikin University$23,733
Applied Economics Masters program at Northwestern University$56,567
Applied Economics Masters program at Illinois Institute of Technology$30,695
Applied Economics Masters program at University of Illinois Urbana-Champaign$17,912

Which other public university offers Master’s program in Applied Economics in Illinois?

Here is the list of top 3 public universities offering Applied Economics Master’s program.

Program NameTuition / Year
Applied Economics at University of Illinois Urbana-Champaign

In-state: $17,912

Out-state: $30,083

Applied Economics at University of Illinois Chicago

In-state: $17,121

Out-state: $27,036

Applied Economics at Southern Illinois University-Carbondale

In-state: $16,026

Out-state: $32,928

Which other private university offers Master’s program in Applied Economics in Illinois?

Here is the list of top 4 private universities offering Applied Economics Master’s program.

Program NameTuition / Year
Applied Economics at University of Chicago$61,548
Applied Economics at Northwestern University$56,567
Applied Economics at Illinois Institute of Technology$30,695
Applied Economics at DePaul University$19,760

Jobs, Salaries and Career after Masters in Applied Economics

Employment of market research analysts is projected to grow 22 percent from 2020 to 2030, much faster than the average for all occupations. About 96,000 openings for market research analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

The median annual wage for market research analysts was $65,810 in May 2020. Number of Jobs in 2020 was 740,900.

Universities with similar Graduate Program

Program NameTuition / Year
Applied Economics Masters program at University of Virginia-Main Campus$20,184
Applied Economics Masters program at Oregon Institute of Technology$14,751
Applied Economics Masters program at Middle Tennessee State University$10,350
Applied Economics Masters program at Louisiana State University and Agricultural & Mechanical College$13,035

Are there Online Masters programs offered in Applied Economics?

Here is the list of top-ranked universities offering online masters program in Applied Economics

Program NameTuition
Applied Economics Online Masters programs at Johns Hopkins University$59,425
Applied Economics Online Masters programs at Cornell University$30,042
Applied Economics Online Masters programs at Columbia University in the City of New York$51,194
Applied Economics Online Masters programs at University of Delaware$35,192