Masters in Economics in USA: Top Colleges, Fees, Scholarships, and Job Outcomes

Highlights:

• Hubert H. Humphrey Fellowship Program scholarship offers students the chance for a 100% scholarship award.
• Most Economics graduates prepare to become CPA USA (Certified Public Accountant). It is an accounting qualification where an individual with the required education and experience is granted a license to practice in the United States.
• International students pay an average annual tuition fee between 40,000 - 120,000 USD (32.53 lakhs - 97.57 lakhs INR).
• Economists earn an average salary of 79,000 USD (64.23 lakhs INR)- 84,000 USD (68.3 lakhs INR) per annum.
• Applicants after securing a job post-graduation can apply for an H1-B visa. This visa allows them to stay in the USA for an additional 3 years.

If you are aspiring to become an economist or trying to fulfill your dream of pursuing CPA in the USA, you can enroll for a PG program in Economics. After completion of Masters in Economics in USA , students can apply for the CPA exam. Passing this exam will ensure the applicant receives an accounting qualification along with a license to practice in the USA. The document requirements to pursue MS in economics in USA are as follows:

• Official transcripts
• English language test scores of IELTS, TOEFL, or equivalent
• 2 to 3 Letters of Recommendation
• SOP/Personal Statement/Letter of Intent
• Resume

ROI for MS in Economics in USA is really high at 159%, if students pursue it from Rice University. The reason behind Rice University providing a high ROI is because of its affordable cost of living compared to other universities.

Those completing an MA in Economics may earn an average salary of 79,000 USD (64.23 lakhs INR) per annum while graduates with MS in Economics earn an average salary of 84,000 USD (68.3 lakhs INR) per year. Some top recruiters of Economists in USA are as follows:

• Citi Bank
• Google
• JP Morgan
• Apple

Top Universities for Masters in Economics in USA

Universities like MIT, Columbia University, Cornell University, etc provide the best economics masters programs in the US. Tabulated below are the top colleges for pursuing masters in economics in the USA, along with the program deadlines and total fees:

Masters in Economics in USA Specializations

A Master's in Economics in the USA will help you investigate factors involved in the consumption, production, and distribution of goods and services. It will help a student understand the dynamics of economic actions and their effect on both consumers and the company. Some of its top specializations are as follows:

• Financial Economics
• Macroeconomics
• Microeconomics
• International Economics
• Game Theory
• Industrial Economics

Masters in Economics in USA Eligibility Criteria

Aspirants should be aware that all universities have specific selection criteria. The criteria for admission differ for each university in the United States. English language skills test scores, standardized test scores, academic GPA, and course-specific documents are all required. Some eligibility criteria required for best universities in USA for Masters in Economics are as follows:

• To study in the US one must have 16 years of education, which is 10+2+4
• A four-year bachelor's is mandatory for pursuing masters in the USA
• Language proficiency:

1. IELTS: 7.0 - 7.5
2. TOEFL: 90 -100

• GRE score between 300 - 320
• Financial Statement
• USA student visa application form

MS in Economics in USA Document Requirements

International applicants must be aware of the deadlines, requirements and admission process to study in the USA. Given below are the details of the documents required for pursuing MA Economics in USA or MS in Economics:

Cost of Living in USA

Aside from the cost of studying in USA, the cost of living is equally important. Students need to create a budget before they move to the USA. Given below are the minimum annual living expenses for international students: