Master of Science in Economics

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.