Master's in Applied Economics

The Master's in Applied Economics program at the University of Massachusetts, Boston is an exemplary choice for students interested in understanding the intricacies of economic theories and their real-world applications. This program is designed to equip students with advanced analytical skills, enabling them to interpret and analyze data effectively. As economies continue to evolve globally, the demand for skilled economists who can provide insights into economic trends and policies is higher than ever. The Master of Science in Applied Economics offers a comprehensive curriculum that focuses on both theoretical foundations and practical applications, ensuring that graduates are well-prepared to enter the workforce.

The program spans 24 months and is structured to provide a balance between theoretical knowledge and practical experience. Students will engage in courses that cover a broad range of topics, including microeconomics, macroeconomics, econometrics, and public policy analysis. The curriculum is carefully crafted to include both core and elective courses, allowing students to customize their learning experience based on their career goals and interests. Specific courses such as Applied Econometrics, Economic Theory, and Data Analysis are instrumental in providing students with the quantitative skills necessary to analyze real-world economic problems.

Faculty expertise is one of the cornerstones of the Applied Economics program at UMass Boston. The faculty members are accomplished scholars and practitioners in the field of economics, bringing a wealth of knowledge and industry experience to the classroom. Their innovative teaching methodologies incorporate case studies, hands-on projects, and collaborative research, fostering an interactive and immersive learning environment. By having the opportunity to work closely with faculty as research assistants, students gain invaluable experience while contributing to impactful economic research.

Research opportunities at the University are abundant, supported by state-of-the-art facilities and resources. The College of Liberal Arts houses various centers focusing on applied research in economics, providing students with platforms to develop their research skills further. Students are encouraged to engage in independent research projects and collaborate on faculty-led studies, giving them a competitive edge in the job market. Additionally, the university's commitment to fostering a research-driven culture ensures that students can access funding and resources necessary to pursue their scholarly interests.

The Master's in Applied Economics also emphasizes the importance of industry connections and real-world experience. UMass Boston has established partnerships with various organizations and companies, facilitating internships and networking opportunities for students. These connections are crucial for students looking to gain practical experience in sectors such as finance, public policy, and academia. Moreover, the university’s career services team provides tailored support to assist students in securing internships and job placements, ensuring that graduates are well-positioned to embark on successful careers post-graduation.

Career pathways for graduates of this program are diverse and expansive. Alumni have successfully secured positions such as Statistician, Economist, Data Analyst, and Policy Analyst across a wide array of sectors, including government, healthcare, finance, and academia. The median base salary for graduates is approximately $65,000, signifying the program's strong return on investment. UMass Boston alumni have gone on to work for leading organizations and have made significant contributions to economic research and policy development, showcasing the program's efficacy in preparing students for impactful careers.

The Master's in Applied Economics program is not only about academics; it also fosters a strong community among students. With a class size of around 150 and an average student age of 25, the program attracts a diverse cohort, including 20% international students. This diversity enriches classroom discussions and group projects, allowing students to learn from different perspectives and experiences. Furthermore, the university’s location in Massachusetts offers students access to a vibrant economic landscape, filled with opportunities for collaboration and innovation.

Unique features that distinguish the program include its emphasis on experiential learning, which is integrated into the curriculum through projects, case studies, and internships. This hands-on approach allows students to apply theoretical knowledge in practical settings, enhancing their learning experience. The program also offers a strong focus on data analysis and quantitative methods, which are essential skills in today's economy. Students can also benefit from workshops and seminars featuring industry leaders, providing insights into current trends and challenges in the field of economics.

Why Study Applied Economics at University of Massachusetts, Boston

• A popular choice for international students with a rich and diverse community that fosters collaboration.
• Learn from esteemed faculty members who are leaders in the field and have the opportunity to assist them in their research endeavors.
• Access to cutting-edge labs and resources that facilitate high-quality research and learning experiences.
• Robust placement programs and extensive career services to enhance post-graduation success and job placement rates.
• A vibrant location in Massachusetts that is home to numerous economic organizations and industries, enriching the educational experience.

For prospective students, the admission requirements for the Master's in Applied Economics program include a completed application form, official transcripts, a personal statement, a resume, and an academic letter of recommendation. International applicants must also provide proof of English proficiency through standardized tests such as TOEFL, IELTS, or PTE, with minimum scores required for admission. The application deadline for the upcoming fall intake is July 1st, 2023.