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Johns Hopkins University’s Master of Science in Applied Economics is a program designed to help students develop the skills and knowledge they need to pursue careers in business, government, and non-profit organizations. The program offers a flexible curriculum that allows students to tailor their education and training to meet specific career goals. Students who enroll in this program will be able to:
-Develop an understanding of how economic concepts can be applied to real-world situations
-Develop an ability to read financial statements, analyze data sets, and write reports on these topics
-Understand various theories of economics as they relate to market behavior
Johns Hopkins Ms In Applied Economics Reddit
Hello all,
I recently finished my first semester of the Johns Hopkins Masters in Applied Economics program.
I understand it is a really well respected course (please correct me if I am wrong), but it is quite expensive ($52K total).
I am contemplating switching over a different part-time/online masters in economics program that will help me meet my long term goals (economist).
My question for you is, is it worth it to continue with the Johns Hopkins program considering the cost, or does where you go really matter? I could transfer to a program that will cost $20K cheaper. My original push to take on the JHU program was because of the notoriety of the school over all and the thought that JHU would look better on a resume then Purdue for example.
What are your thoughts?
TLDR: Is paying $52K for an applied economics program at JHU worth it or is it better to go to a cheaper school with the same program?
Appreciate it!
johns hopkins applied economics acceptance rate
13%
Johns Hopkins University Highlights
| College Type | Private |
|---|---|
| Campus Housing Capacity | 51% |
| Application Fee | 70 USD |
| Application Deadline | January 2 |
| Acceptance rate | 13% |
masters in applied economics rankings
Yes, a masters in economics is worth it for many students. Masters in economics programs can help you learn how to interpret financial trends and analyze financial data at an advanced level. This can help you become an invaluable member of a company.
This knowledge is needed to formulate economic solutions and provide crucial business advice. Economists are considered extremely valuable and worthwhile in many industries.
With job growth projected to grow 14% through 2029 according to The Bureau of Labor Statistics, job prospects for people graduating from economics masters programs are extensive.ADVERTISEMENTTHE UCL MBA, GLOBAL AND ONLINEUCL
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Because the work of studying financial trends is applicable in nearly every industry, an M.A. in Economics can give you the opportunity to pursue work in many different careers.
In addition, individuals who graduate with a masters of economics usually find themselves in high-paying roles. It is often considered to be one of the best-paying postgraduate degrees. While employment is not guaranteed upon graduation, it is an in-demand degree for many employers.
The researchers and writers at Best Master’s Degrees do not make recommendations based upon preference. See below for a breakdown of how we organize ranking data:
- Finances (40%)
- Academic Rigor (35%)
- Student Gratification (25%)
Nearly half of the data used to score each ranking involves finances from sources such as the National Center for Education Statistics, the U.S. Department of Labor, U.S. Department of Education (ED), Glassdoor, and PayScale. Financial data encompasses the cost of tuition and fees, the average price of living, access to financial aid and social services, and the projected annual salary acquired from degree outcomes and income for loan repayment.
The second largest category of information involves the quality of education, how competitive degree applicants should be for consideration, and a program’s overall exclusivity. The final 25 percent of collected data depends upon student and alumni reviews from sources such as PayScale, Rate My Professor, and Students Review.
ma in applied economics
The Master of Arts in Applied Economics (MA-APEC) degree program provides students with a solid understanding of the fundamental tools of economic analysis that are employed to conduct rigorous study of economic issues and economic policies. The focus of the program is applied economics. This focus contrasts with that of alternative professional degrees, such as an MBA, which provide the relevant training for a career in business or management. The program’s focus on applied economics also is distinct from that of a masters degree in economics, which is frequently considered a stepping stone to a PhD in Economics and concentrates on contributions to academic research.
The MA-APEC program provides students with an opportunity to learn from experienced faculty who have deep knowledge in the field of applied economics and its application in policy making. Students complete coursework at both the undergraduate and graduate level that cover topics such as microeconomic theory and macroeconomic theory. They also take courses that give them practical experience applying their knowledge through projects and internships with government agencies, businesses, non-profit organizations, international organizations, and others involved in policy making or research related to economics.
Applied Economics Program – Johns Hopkins
Hello all,
I recently finished my first semester of the Johns Hopkins Masters in Applied Economics program.
I understand it is a really well respected course (please correct me if I am wrong), but it is quite expensive ($52K total).
I am contemplating switching over a different part-time/online masters in economics program that will help me meet my long term goals (economist).
My question for you is, is it worth it to continue with the Johns Hopkins program considering the cost, or does where you go really matter? I could transfer to a program that will cost $20K cheaper. My original push to take on the JHU program was because of the notoriety of the school over all and the thought that JHU would look better on a resume then Purdue for example.
What are your thoughts?
TLDR: Is paying $52K for an applied economics program at JHU worth it or is it better to go to a cheaper school with the same program?
A Master’s from any respectable private econ department will cost ~$50k annually, so the price you’re paying isn’t comparatively ridiculous (it IS still quite a steep price tag tho).
Personally, I would say the degree is worth it IF you’re able to get strong LORs from luminaries like Carlos Vegh and Pravin Krishna (I’m not sure if you can indeed take their classes since the Applied Econ degree, as I understand it, is hosted by a different department independent of the Econ/SAIS/Bussiness department).
It would be even more worthy IF you’re trying to become an international trade/macro economist and find jobs near the DMV area. These are JHU’s strong suits and you can literally find hundreds, if not thousands, of JHU alumni working in orgs that specialize in these areas (IMF, WB, Chamber of Commerce, etc). So networking advantage here isn’t something, say, Purdue can compete with. Not even close.
Nevertheless, the utility you can get out of this degree is not only heavily predicated on these two big IFs, but also your elasticity regarding academic/career outcome in terms of costs. I think you are probably fully aware of the advantages a JHU degree brings to the table, but if you are having doubts then I would guess the cost is also an influential factor in your mind. So, do your own cost & benefit analysis.
Thank you all!
All your comments have been helpful and are greatly appreciated!!
To clarify, rhe entire Hopkins program runs around $52k total including costs for books etc (calculated).
I’m a research manager in the Chicago area, but hope to use the degree so that I can perhaps become an economist down the road and bring value to my current job.
That’s about on par with most comparable masters programs these days. Mine cost about that much. Paying for any grad school program only makes sense if you’re likely to get a well-paying job after it’s done; in a field like Econ with a decent program it’s probably fine. You have little reason to fear student debt under these admittedly narrow circumstances.
I have spent a while looking into online Master’s programs. My take is that the Johns Hopkins program is likely worthwhile if you’re able to take advantage of their connections in the DC area.
It depends what you want to do, though. Like you say, Purdue is the other respected economics school that runs an online program, and it sounds like you’re specifically looking there. While the Purdue program is “Economics” and JHU is “Applied Economics” the core courses look like they’re at a fairly similar mathematical level – both will teach you multivariate calculus if you don’t already have it.
It depends what becoming an economist means to you, though. For some jobs, maybe applied micro or financial economics, a master’s course is enough. But there are a lot of other economist jobs that require or prefer a PhD. If I was looking to do a PhD after a masters, I’m not sure I’d choose an online course – which is of course why the Purdue advanced theory masters track requires you study on campus.
Hello All,
This post is more of a rant and should not be interpreted as a question, tbh.
As the title says, I am wondering how MA/Ph.D. graduate students in economics (or most other fields for that matter) are expected to secure a job following graduation. I am definitely showing my age and inexperience here, but it amazes me how few jobs there are out there v.s. how many economists are competing for said jobs. In my case, for instance, I am graduating from a Canadian university in the winter and am thus starting to look for positions in both the private and public sectors.
Every day I go to Google, Indeed, Glassdoor and search for ‘Economist/Economic Analyst jobs in Canada’, and every day I get almost the same postings thrown at me. I have also talked to other students graduating at the same as me, as well as alumni who graduated a few years ago, and ALL of them are applying to the same few jobs. Many of the alumni I talked to are still looking for a proper job.
I think I read somewhere that 80% of all job openings are not posted online but are done wholely through internal company competitions.
Even though I have only been job-hunting for a few weeks, I am starting to get the impression that I might have to broaden my horizons to include data analyst positions, etc.
Best Master’s Degrees in Economics
1. Yale University
Yale’s master of international and development economics started in 1955. This one-year cohort program enrolls just 30 students annually, which allows for close mentoring between students and professors.
All students enroll in five core courses: microeconomics, econometrics, growth and macroeconomics, development econometrics, and advanced economic development. To complete the degree’s credit requirement, students must enroll in two additional electives. With their professor’s approval, learners can choose electives offered by another Yale graduate school.
Degree-seekers can stay in this program or pursue a joint program with two other schools: the School of Forestry and Environmental Studies or the School of Public Health.
Learners must complete a research project toward the end of their studies, which serves as the program’s culminating activity.
Yale University is regionally accredited by the New England Commission of Higher Education.
2. Columbia University in the City of New York
Columbia offers a free-standingmaster of arts in economics for students who wish to earn an MA without committing to a doctorate. The program considers applications only from full-time students.
The degree consists of seven core classes and three electives that learners can complete in three semesters. In addition to coursework, students must write a research paper based on one of their elective classes.
Students with a bachelor’s in a non-economics field may apply, but they must have a strong background in subjects such as linear algebra, college-level calculus, and statistics. The program prefers applicants who have completed some undergraduate courses in economics, such as intermediate macroeconomics or principles of economics.
Columbia University is regionally accredited by the Middle States Commission on Higher Education.
3. Stanford University
Stanford offers amaster’s in economics as part of a doctoral program. Students must complete at least 45 quarter credits beyond a bachelor’s degree. Of these credits, 40 must be offered by the Department of Economics.
Learners must complete at least two term papers or a master’s thesis on an advanced economics topic. Students can earn a maximum of five units of credit for their graduate-level thesis. In lieu of a master’s thesis, degree-seekers can submit a term paper on a dissertation course. Students must maintain a 3.0 GPA for all their master’s-level coursework.
Many first-year graduate students receive department fellowships that cover their tuition and fees and come with a stipend to cover basic living expenses. The university offers several research and teaching fellowships during each school year.
Stanford University is regionally accredited by the WASC Senior College and University Commission.
4. Duke University
Duke’s master’s in economics comprises 30 credits that learners can complete in four semesters. The curriculum includes courses such as applied econometrics in microeconomics, international monetary economics, non-market valuation, and industrial organization. Students must enroll in at least three classes in computational methods, computer science, mathematics, or statistics. Learners must also complete a capstone course.
The program encourages, but does not require, students to complete an internship. Toward the end of their enrollment at Duke, students compile a portfolio of their academic work, which should include at least one major research paper. Degree-seekers can also include written presentations, research reports, and project summaries and descriptions.
Students’ portfolios should contain a summary of their educational experience at Duke and future professional objectives. An examining committee recommends students for the master’s degree based on the quality of work contained in their portfolios.
Duke University is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
5. Rice University
The master of energy economics at Rice comprises 40 credits that full-time students can complete in 12 months. The university spreads the courses out during the fall and spring semesters and two seven-week back-to-back summer sessions.
The curriculum includes courses in applied econometrics for energy markets, transportation economics, microeconomics of the energy sector, and the economics of energy and the environment. Degree-seekers must complete an internship or practicum prior to receiving the degree. Students who work in the energy sector can fulfill the internship requirement by working on a special project with their employer in an area directly related to their program.
The program recommends, but does not require, the submission of GRE or GMAT scores taken no longer than five years prior to the application date. Applicants do not need an undergraduate degree in economics, although they should possess a strong background in college-level mathematics and calculus.
Rice University is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
6. Vanderbilt University
The graduate program in economic development (GPED) at Vanderbilt requires students to complete 30 credits that include 12 credits of core coursework, six field credits, nine elective credits, and a three-credit research project. The curriculum includes required coursework in econometrics, statistical analysis, microeconomics, and macroeconomics. Students can enroll in elective classes in other Vanderbilt schools with their advisor’s permission.
The GPED follows a cohort model of education. Each cohort includes 10-35 students, usually consisting of enrollees from at least 10 different countries. In the GPED international field seminar, students travel to a developing country for an immersive learning experience in economic policy development.
Advisors work closely with students to create an individualized learning plan that supports each student’s educational goals and professional objectives. The program offers free tutoring assistance for all GPED courses.
Vanderbilt University is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
7. Johns Hopkins University
The master of science in applied economics at Johns Hopkins consists of 10 courses or 30 credits. Students enroll in four core courses, one advanced econometrics class, and five electives. The university offers online and on-campus courses. Students can enroll full time or part time. Most students earn the degree in 12-24 months.
Degree-seekers can declare a formal concentration in financial economics, which requires them to follow a specific plan of study. The university notes this concentration on a student’s official transcript.
Johns Hopkins allows students to earn two additional credentials on their way to the MS degree: a certificate in financial management and a certificate in investments. Learners enroll in eight applied economics courses and seven courses for the certificate. The university also offers a dual degree that allows students to graduate with an MS in applied economics and an MBA. For this option, students enroll in eight applied economic courses and 21 (two-credit) courses for the MBA.
Johns Hopkins University is regionally accredited by the Middle States Commission on Higher Education.
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