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Drexel University

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Pennsylvania

United States

The Master of Science in Economics program at Drexel University is designed to equip students with a comprehensive understanding of economic theories and their applications in real-world contexts. This dynamic program, offered through the renowned Lebow College of Business, allows students to explore various aspects of economics, including microeconomics, macroeconomics, financial economics, and econometrics. With a curriculum tailored to meet the demands of today’s rapidly evolving economic landscape, students gain insight into the analytical methods and quantitative skills necessary for success in this field. Over the course of 18 months, students will engage in rigorous coursework that prepares them to tackle complex economic problems and contribute meaningfully to the discipline.

The curriculum includes core courses such as Advanced Microeconomic Theory, where students delve into consumer behavior and market structures, and Macroeconomic Analysis, focusing on economic growth, inflation, and monetary policy. Additionally, specialized courses like Financial Economics provide students with in-depth knowledge of financial markets, investment strategies, and risk management. The program also emphasizes practical experience through a capstone project or thesis, enabling students to apply theoretical concepts to real-world challenges, further enhancing their learning experience.

Drexel’s faculty comprises a team of esteemed scholars and industry professionals who bring a wealth of knowledge and expertise to the classroom. Faculty members utilize innovative teaching methodologies, combining traditional lectures with hands-on learning activities, discussions, and case studies. This interactive approach fosters critical thinking and encourages students to engage actively with course material. Students are also given opportunities to work closely with faculty on research projects, providing them with valuable experience and mentorship that can significantly enhance their academic and professional trajectories.

The research opportunities at Drexel University are vast and varied, thanks to the institution's strong commitment to supporting scholarly inquiry. Students have access to state-of-the-art research facilities and resources, allowing them to explore innovative economic topics. Additionally, the university hosts numerous seminars, workshops, and conferences, where students can present their findings and collaborate with other researchers. This focus on research not only enriches the academic environment but also prepares students for potential careers in academia, policy-making, and consulting.

Drexel University prides itself on its strong connections to industry, which significantly enhances the program's value. The collaborative partnerships with leading firms and organizations provide students with numerous internship opportunities that are instrumental in building professional networks and gaining practical experience. These internships often lead to full-time employment upon graduation, as employers recognize the high caliber of Drexel graduates. The university’s co-op program, which integrates professional work experience with academic study, is a hallmark feature that sets Drexel apart and contributes to its graduates' impressive job placement rates.

Graduates of the Master of Science in Economics program are well-prepared to pursue diverse career paths in various sectors, including finance, government, consulting, and non-profit organizations. Many alumni have secured positions as financial analysts, economic consultants, policy advisors, and researchers. The program’s rigorous training and comprehensive curriculum ensure that students are equipped with the analytical skills and economic knowledge necessary to thrive in their chosen careers. Notably, many alumni have reported successful transitions into high-level roles, often attributing their success to the strong foundation they received during their studies at Drexel.

In addition to its robust academic offerings, the Master of Science in Economics program boasts several unique features that enhance the overall educational experience. The program emphasizes a global perspective on economics, attracting a diverse student body that enriches classroom discussions and group projects. The curriculum also incorporates the latest technological advancements in economic modeling and data analysis, ensuring that students are proficient in using contemporary tools and software. Furthermore, the location of Drexel University in Philadelphia, a vibrant hub of economic activity, provides students with unparalleled access to industry leaders, networking events, and career fairs.

Why Study Economics at Drexel University

  • A global reputation for academic excellence with a curriculum tailored to current economic trends.
  • Access to a distinguished faculty with extensive industry experience and a commitment to student mentorship.
  • A strong emphasis on research, offering opportunities for students to contribute to cutting-edge projects.
  • Robust industry connections that facilitate internships and job placements.
  • A vibrant, diverse community that fosters collaboration and innovation among students from various backgrounds.

For prospective students, the admissions process for the Master of Science in Economics requires the completion of a formal application along with a fee of $65. Candidates should prepare their academic transcripts, a statement of purpose, and letters of recommendation. While GRE scores are not explicitly required, they may be submitted to enhance an application. Additionally, non-native English speakers must demonstrate proficiency through standardized tests such as the IELTS or TOEFL, with minimum scores of 6.5 and 90 respectively.

The application deadline for the Spring intake is set for February 3rd, 2024, making it essential for prospective students to gather their materials well in advance. With its comprehensive curriculum, distinguished faculty, and extensive career support, the Master of Science in Economics at Drexel University is an outstanding choice for individuals seeking to deepen their understanding of economics and advance their careers in this dynamic field.

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Duration

18 Months

Ranking

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#105

US World and News Report

Class Profile

Diversity

Others:

10%

International:

20%

New York:

10%

Pennsylvania:

40%

New Jersey:

20%

Eligibility Criteria

English Proficiency Tests

  • IELTS

    6.5

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  • TOEFL

    90

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Application Requirements

Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

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Application Fee: 65

      Application Deadlines

      Scholarship Deadline 1
      SpringFeb 3, 2024

      Fees and Funding

      intake

      Tuition Fees

      $30,000 / year

      FAQs

      • Admissions Requirements:

        The admissions process for the Master of Science in Economics program at Drexel University requires the completion of a formal application along with a fee of $65. Candidates should prepare the following materials:

        • Academic transcripts
        • A statement of purpose
        • Letters of recommendation

        While GRE scores are not explicitly required, they may be submitted to enhance an application. Additionally, non-native English speakers must demonstrate proficiency through standardized tests such as:

        • IELTS with a minimum score of 6.5
        • TOEFL with a minimum score of 90
      • Program Structure:

        The Master of Science in Economics program at Drexel University is designed to be completed in 18 months. The curriculum consists of rigorous coursework that covers essential topics in economics, including:

        • Advanced Microeconomic Theory
        • Macroeconomic Analysis
        • Financial Economics

        In addition to core courses, students can choose specialized courses and engage in a capstone project or thesis, which allows them to apply theoretical concepts to real-world challenges.

      • Teaching Methods:

        Drexel University employs innovative teaching methodologies in the Master of Science in Economics program. Faculty members combine traditional lectures with:

        • Hands-on learning activities
        • Discussions
        • Case studies

        This interactive approach fosters critical thinking and encourages students to actively engage with the course material. Moreover, students have opportunities to collaborate with faculty on research projects, enhancing their learning experience through mentorship and practical insights.

      • Unique Features:

        The Master of Science in Economics program at Drexel University offers several unique features that enhance the educational experience:

        • A global perspective on economics, fostering a diverse student body that enriches discussions and projects.
        • Incorporation of the latest technological advancements in economic modeling and data analysis.
        • Strategic location in Philadelphia, providing access to industry leaders, networking events, and career fairs.
      • Career Prospects:

        Graduates of the Master of Science in Economics program are well-prepared to pursue diverse career paths across various sectors, including:

        • Finance
        • Government
        • Consulting
        • Non-profit organizations

        Many alumni have secured positions as:

        • Financial analysts
        • Economic consultants
        • Policy advisors
        • Researchers

        The program's rigorous training equips students with the analytical skills and economic knowledge necessary to thrive in their chosen careers, and many alumni report successful transitions into high-level roles.

      • Research Opportunities:

        Drexel University is committed to supporting scholarly inquiry, providing students with access to:

        • State-of-the-art research facilities and resources
        • Numerous seminars, workshops, and conferences

        These platforms allow students to present their findings, collaborate with researchers, and contribute to innovative economic topics, enriching the academic environment and preparing them for careers in academia, policy-making, and consulting.

      • Distinguishing Features:

        Drexel University stands out for its strong connections to industry, which enhance the program's value. Notable distinguishing features include:

        • Collaborative partnerships with leading firms that provide numerous internship opportunities.
        • A co-op program that integrates professional work experience with academic study, contributing to high job placement rates for graduates.

        These elements ensure that students gain practical experience while building professional networks during their studies.

      • Application Deadline:

        The application deadline for the Spring intake of the Master of Science in Economics program at Drexel University is set for February 3rd, 2024. Prospective students should ensure they gather their application materials well in advance of this date.

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