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University of New Mexico

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New Mexico

United States

The Bachelor of Arts in Economics program at the University of New Mexico is designed for students seeking a comprehensive understanding of economic theories, principles, and applications. This program emphasizes both theoretical knowledge and practical skills, which are essential in today's dynamic job market. The curriculum is carefully crafted to equip students with analytical tools and economic insights that can be applied across various sectors, including finance, government, and non-profit organizations. Over the span of 48 credit hours, students embark on a journey that includes core economic concepts, quantitative methods, and specialized fields within economics such as international trade, labor economics, and behavioral economics.

In addition to rigorous academic coursework, students in the Economics program engage in hands-on learning experiences through case studies, group projects, and research opportunities. The program encourages critical thinking, problem-solving, and effective communication, which are vital skills for any aspiring economist. Faculty members are committed to fostering an interactive and engaging learning environment, guiding students through complex economic issues with a blend of theoretical insights and real-world applications. This innovative teaching methodology ensures that graduates are not only well-versed in economic theory but also able to apply this knowledge effectively in practical settings.

One of the program’s distinguishing features is its focus on research. Students have access to a wealth of resources, including the university’s research centers and initiatives dedicated to economic policy analysis. The faculty, composed of experienced economists and researchers, actively involve students in ongoing research projects that address pressing economic challenges. This exposure to research not only solidifies students' understanding of economic concepts but also enhances their analytical skills, preparing them for advanced studies or careers in research-focused roles. Furthermore, the university’s commitment to integrating practical experience into the academic framework means that students can pursue internships with local businesses, government agencies, and non-profit organizations, applying their classroom knowledge in the field.

Career pathways for graduates of the Bachelor of Arts in Economics are diverse and promising. Alumni have secured positions as economists, financial analysts, market researchers, policy analysts, and educators in various sectors. The program's strong connections with industry partners, including notable firms such as Deloitte, PwC, and Goldman Sachs, open avenues for internships and job placements, giving students a competitive edge in the job market. Moreover, the university's strong track record of alumni success stories serves as a testament to the effectiveness of its educational approach. Graduates consistently report high satisfaction rates regarding their education and job readiness.

Graduating from the University of New Mexico with a degree in Economics not only enhances your job prospects but also provides you with a solid foundation for pursuing further education, such as a Master's or Ph.D. in Economics or related fields. With a median base salary of approximately $57,700 a year, graduates can expect rewarding financial outcomes for their hard work and dedication. The program's holistic approach to education, combining rigorous academics with practical experience, prepares students for a lifetime of success in their professional endeavors.

Why Study Economics at University of New Mexico?

  • Highly regarded program with consistent rankings on global educational platforms, ensuring quality education.
  • Comprehensive curriculum that combines theoretical knowledge with hands-on learning, preparing students for real-world challenges.
  • Access to experienced faculty who are leaders in their fields, providing mentorship and guidance throughout the educational journey.
  • Opportunities for research and collaboration with faculty on projects that impact local and global economic policies.
  • Robust internship programs and industry connections that facilitate job placements, ensuring students are workforce-ready upon graduation.
  • A vibrant campus life in Albuquerque, NM, offering diverse cultural experiences and networking opportunities with fellow students.

To qualify for admission to the program, prospective students are required to demonstrate a strong academic record, particularly in mathematics, science, and English. A minimum GPA of 3.0 is essential, along with submission of SAT or ACT scores and a well-articulated essay detailing the applicant's interest in economics and future goals. The selection process is competitive, relying on a holistic review of all application materials to ensure that candidates are well-prepared to succeed within the program.

The Bachelor of Arts in Economics program at the University of New Mexico stands out not only for its academic rigor but also for its commitment to student success and community engagement. The diverse and dynamic learning environment prepares students to tackle complex economic issues and contribute meaningfully to society. With strong faculty support, research opportunities, and pathways to successful careers, this program is an excellent choice for those looking to make a significant impact in the field of economics.

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Duration

48 Months

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Median Salary

$54,200

Ranking

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#311

US World and News Report

Class Profile

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Class Size

250

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Average Age

22

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Average Work Experience

0 Years

Diversity

California:

15%

Others:

16%

Texas:

10%

New Mexico:

47%

Arizona:

7%

Colorado:

5%

Career Outcomes

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Median Earnings After Graduation

$54,200 / year

Prospective Job Roles

Economist

Teacher

Market Researcher

Financial Analyst

Investment Banker

Policy Analyst

Writer

Analyst

Consultant

Top recruiters

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Eligibility Criteria

English Proficiency Tests

  • IELTS

    6

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  • TOEFL

    68

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Standardised Test Score

  • SAT

    500

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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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    Academic LOR

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Application Deadlines

Fees and Funding

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Tuition Fees

$29,220 / year

Funding Options

External Sources - Scholarships

Department Funding

To apply, submit a complete application for admission within a few weeks of the priority deadline for best results.

Scholarships

The University of New Mexico offers a variety of scholarships for students majoring in economics. These scholarships are based on academic merit, financial need, and other criteria. Some of the most popular scholarships include the John T. and Jane A. MacArthur Scholarship, the Robert F. Kennedy Memorial Scholarship, and the Gates Millennium Scholarship.
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    Bill & Melinda Gates Foundation

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    John T. and Jane A. MacArthur Foundation

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    Robert F. Kennedy Memorial Foundation

FAQs

  • A student can complete Economics at University of New Mexico with in 48.

  • The application fee to pursue Economics at University of New Mexico is USD 50 for international students.

  • The annual tuition fee to pursue Economics at University of New Mexico is USD 29220.

  • The submission of these scores mainly depends on the type of degree/ course selected at the University of New Mexico. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check University of New Mexico requirements before submitting a score.

  • Economics can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more

  • If a student fulfils all the eligibility criteria and admission requirements of University of New Mexico, they can easily pursue Economics. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.

  • An MS degree at University of New Mexico can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official University of New Mexico website to check the course/ degree duration.

  • One can apply for scholarships to pursue their international education at University of New Mexico by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.

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