Economics

Is an Economics Degree Worth It? 

Before delving into the different master’s degrees in economics, it’s worth discussing whether a graduate economics degree is worth pursuing in the first place. Other graduate degrees, like a master’s in finance or a specialized MBA, could theoretically prepare you for lucrative careers in related fields despite having a different academic focus. So, what’s the value in pursuing a master’s in economics specifically vs. another degree? 

“Now that I have experienced the program, my favorite part about it is seeing how all the courses come together as I make my way towards graduation.” 
 — Joe Garza, Current Economics Master’s Student

Comparison Charts: Graduate Degrees in Economics

Master of Arts in Economics vs. Master of Science in Economics

When it comes to choosing a master’s degree in economics, there are two main options: a Master of Arts (MA) or a Master of Science (MS). While both degrees provide a strong foundation in economic theory and analysis, they differ in their focus and approach. 

Comparison Charts: Economics vs. Alternative Degrees

Master’s in Economics vs. Finance

Both a master's in economics and a master's in finance can lead to a successful career in business and finance, each program offers distinct advantages. A master's in economics provides students with a strong foundation in economic theory, analysis, and research, while a master's in finance focuses on financial analysis and decision-making. 

Choosing Your Master’s Degree in Economics at SMU

SMU’s economics department provides prospective students with two exceptional master’s degree programs in economics to choose from: the MA in Applied Economics and the MS in Applied Economics and Predictive Analytics. Both programs are designed to provide students with the skills and knowledge they need to pursue a wide range of career paths in business, government, and nonprofit organizations. 

Where Do SMU Economics Graduates Work?

Economics graduates from SMU have found success in a variety of industries and roles.

➡️ Many graduates have gone on to work in the financial sector, including positions in investment baking, asset management and risk analysis.

➡️ Others have found success in government and nonprofit organizations, working as economic analysts, policy advisors and consultants.

Become an Economist with a Master’s Degree from SMU

A master's degree in economics from SMU will provide you with the skills and knowledge needed to succeed in various career paths. Whether you choose the MA in Applied Economics or the MS in Applied Economics and Predictive Analytics, you’ll have access to exceptional faculty, a rigorous curriculum, and a supportive network of alumni and peers. The flexibility of SMU's programs allows you to tailor your education to your interests and career goals, ensuring that you gain the skills you need to succeed. 

“Now that I have experienced the program, my favorite part about it is seeing how all the courses coming to together as I make my way towards completing the program.”