Best Online MBA in Economics Degree Programs Ranked in 2024

Badge for BEST ONLINE MBA IN ECONOMICS
By Dave Tomar
Reviewed By Jenn Finley
Published:
Updated:

Key Takeaways

  • The online MBA in economics degree is a highly respected degree.

  • Online economics MBA programs can lead to roles in economics, finance, and business leadership.

  • The online MBA program in economics is only offered by a select number of excellent business schools.

Best Online MBA in Economics Degrees

Sort by:
  1. Johns Hopkins University
  2. Manhattan College
  3. Park University
  4. Saginaw Valley State University
  5. Northwood University
  1. Johns Hopkins University
  2. Manhattan College
  3. Park University
  4. Saginaw Valley State University
  5. Northwood University
  1. Manhattan College 82%
  2. Northwood University 80%
  3. Saginaw Valley State University 76%
  4. Johns Hopkins University 7%
  1. Saginaw Valley State University 16 to 1
  2. Park University 14 to 1
  3. Manhattan College 11 to 1
  4. Northwood University 8 to 1
  5. Johns Hopkins University 6 to 1
  1. Johns Hopkins University $60,480
  2. Manhattan College $48,658
  3. Northwood University $31,600
  4. Park University $12,671
  5. Saginaw Valley State University $11,565
  1. Johns Hopkins University $60,480
  2. Northwood University $37,080
  3. Manhattan College $21,420
  4. Saginaw Valley State University $16,362
  5. Park University $6,663
  1. Northwood University
  2. Saginaw Valley State University
  3. Park University
  4. Manhattan College
  5. Johns Hopkins University
  1. Northwood University
  2. Saginaw Valley State University
  3. Park University
  4. Manhattan College
  5. Johns Hopkins University
  1. Johns Hopkins University 7%
  2. Saginaw Valley State University 76%
  3. Northwood University 80%
  4. Manhattan College 82%
  1. Johns Hopkins University 6 to 1
  2. Northwood University 8 to 1
  3. Manhattan College 11 to 1
  4. Park University 14 to 1
  5. Saginaw Valley State University 16 to 1
  1. Saginaw Valley State University $11,565
  2. Park University $12,671
  3. Northwood University $31,600
  4. Manhattan College $48,658
  5. Johns Hopkins University $60,480
  1. Park University $6,663
  2. Saginaw Valley State University $16,362
  3. Manhattan College $21,420
  4. Northwood University $37,080
  5. Johns Hopkins University $60,480

Featured Programs

Online MBA programs with an economics specialization are highly regarded. However, there are only a few business schools that actually offer these fully online MBA programs. In most cases, a master’s degree is required to become an economist. For working professionals, the online master’s degree in business economics is the most convenient and flexible option.

The list of options for online MBA students with a business economics specialization is limited. However, prospective students who do pursue the economics concentration will be in line for some very well paying job opportunities.

Many students who earn an online MBA in economics will become economists. However, there are numerous related career paths that you could take including strategic management, human resources management, and business and nonprofit management.

You can jump to our complete University Rankings Guide. Otherwise, read on.

  Econimists having a meeting

About Online MBA in Economics Degree Programs

Graduate students from top online MBA programs in economics will study topics such as labor economics, risk management, marketing strategy, and more.

These skills can easily be transferred to future management career opportunities throughout the business world including professional sales management, human resource management, and business management.

In most cases, however, the online MBA in economics is designed to prepare you for a career in economics, whether within a company, consulting the federal government, or working in education or research.

This advanced degree can lead to immediate and well-paying opportunities in the field. Economists are capable of earning a median salary of $103,630 a year, according to the Bureau of Labor Statistics.

Admission Requirements for the Online MBA in Economics

Schools that offer an online MBA in economics have different admission requirements.

These are the admission requirements common to schools offering the online MBA in economics:

  • A completed online application
  • An accredited bachelor’s degree
  • Official college transcripts
  • A cumulative college GPA of 3.0 - 3.5
  • Graduate Management Admissions Test (GMAT) Score or Graduate Record Examination (GRE) Score
  • Personal statement or essay
  • Reference Letters
  • Professional Resume or CV

Key Point: Some programs might also require an interview process.

Learn more about online MBA admission requirements.

Curriculum and Courses

Schools offering the online MBA in economics have different courses, although there are similarities in programs. Online students are typically required to complete core courses in business strategy and economics, as well as electives and an individualized capstone project.

Online MBA courses typically include:

  • Economic Theory
  • Global Economics
  • Local Economic Development
  • Consumer Behavior
  • Risk Management
  • International Business
  • Human Resources
  • Health Economics
  • Business Analytics

Key Point: Online MBA economics programs will cover topics such as global economics, business analytics, and consumer behavior.

Man sitting and thinking in a meeting room

Learn how to find accredited online MBA programs.

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The Best Online MBA in Economics Degree Programs

  1. #1

    Johns Hopkins University

    Baltimore , MD
    #10 50 Best Research Universities Ranked for Undergrads in 2024 #11 50 Best Private Colleges and Universities for Undergrads 2024 #12 50 Best Colleges and Universities Ranked for Undergrads in 2024 #13 Best Universities in the US Ranked for Prospective Students in 2024
    Other Rankings

    Tuition + fees

    $60K

    Acceptance

    7%

    Graduation

    94%

    Student body

    40K

    Median SAT/ACT

    1545/34

    Career Outlook for Economics degree at Johns Hopkins University

    Cost of Degree: $62,962
    Expenses: $20,320
    Starting Salary: $77,682
    Salary after 4 years: $111,224
    Cost Recoup Time: 8 years
    Paid back at 15% of annual salary
    What is Johns Hopkins University known for?

    Johns Hopkins University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Johns Hopkins University?

    Johns Hopkins University was formed in 1876 and, in addition to being the oldest research university in the U.S., Johns Hopkins is actually the oldest research institution in the western hemisphere! In fact, Johns Hopkins was considered a groundbreaking institution from its very formation for its innovative merging of research and teaching.

    Based in Baltimore, Maryland, Johns Hopkins serves more than 26,000 students today.

    • Johns Hopkins University is great for students who:

      Are looking to conduct research at the graduate level. The vast majority of Johns Hopkins students—well over 20,000—are pursuing advanced postgraduate degrees.

    • Johns Hopkins University might not be the best fit for students who:

      Are seeking a social campus experience. Many students at Johns Hopkins are primarily focused on their rigorous academic demands.

    Compare school
  2. #2

    Manhattan College

    Riverdale , NY
    #12 50 Best Christian Liberal Arts Colleges and Universities 2024 #3 Best Christian Colleges in New York 2024 #9 Best Small Colleges in New York 2024 #10 Best Liberal Arts Colleges for Earning Business Degrees in 2024
    Other Rankings

    Tuition + fees

    $49K

    Acceptance

    82%

    Graduation

    72%

    Student body

    4K

    Median SAT/ACT

    1235/26

    Career Outlook for Economics degree at Manhattan College

    Cost of Degree: $22,420
    Expenses: $21,740
    Starting Salary: $61,589
    Salary after 4 years: $88,182
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
    What is Manhattan College known for?

    Manhattan College’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Manhattan College?

    Manhattan College, in spite of its name, is actually located in the Riverside section of the Bronx, and not in Manhattan. Manhattan College was founded in 1853 as the Academy of the Holy Infancy. The college was originally formed as a day school exclusive to men and located on Canal Street in Lower Manhattan.

    Manhattan College relocated to its present location in 1922, became coeducational in 1973, and today serves roughly 3500 students at the undergraduate and graduate levels. Manhattan College is particularly noted today for its excellence in engineering.

    • Manhattan College is great for students who:

      Like a more intimate experience. The class sizes are smaller which means students enjoy personal access to professors.

    • Manhattan College might not be the best fit for students who:

      Are on a fixed budget. Manhattan College residential costs and general living expenses reflect the high cost of living in New York City.

    Compare school
    3. Female economist doing a calculation
  3. #3

    Park University

    Parkville , MO
    #20 Most Affordable Online Colleges Ranked for Students 2024 #1 Best Online Associate in Building and Construction Degree Programs #1 Best Online Associate in Psychology #4 Best Online Bachelor's in Music Degree Programs Ranked for 2024
    Other Rankings

    Tuition + fees

    $13K

    Graduation

    23%

    Student body

    12K

    Career Outlook for Economics degree at Park University

    Cost of Degree: $6,663
    Expenses: $13,335
    Starting Salary: $44,191
    Salary after 4 years: $63,272
    Cost Recoup Time: 4 years
    Paid back at 15% of annual salary
    What is Park University known for?

    Park University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Park University?

    Park University was founded in 1875 as an experimental institution where students could receive free tuition and housing in exchange for just half-day’s work on either the school’s farm, print shop, or electrical shop. Tuition is no longer free, but with an annual price tag of just over $12,000, the Parkville, Missouri institution is affordable relative to many other private universities.

    Park University’s inaugural coeducational class was made up of just 17 people. Today, Park University is home to well over 11,000 students at both the graduate and undergraduate levels.

    • Park University is great for students who:

      Enjoy small class sizes and direct engagement with professors.

    • Park University might not be the best fit for students who:

      Are interested in college sports. Park University has a modest athletics program.

    Compare school
  5. #4

    Saginaw Valley State University

    University Center , MI
    #16 Best Online MBA Programs in Michigan #20 Best Online Master's Programs in Michigan 2024 #20 Best Online Master's in Economics

    Tuition + fees

    $12K

    Acceptance

    76%

    Graduation

    50%

    Student body

    8K

    Median SAT/ACT

    1075/22

    Career Outlook for Economics degree at Saginaw Valley State University

    Cost of Degree: $16,362
    Expenses: $13,720
    Starting Salary: $54,902
    Salary after 4 years: $66,453
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
    What is Saginaw Valley State University known for?

    Saginaw Valley State University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Saginaw Valley State University?

    Saginaw Valley State University was formed in 1963 as Saginaw Valley College. The University Center, Michigan-based public university is noted today for its excellent programs in areas like teaching, nursing, business, and engineering.

    Saginaw Valley ascended to university status in 1987 and today, serves more than 8000 students with more than 100 degree programs at both the undergraduate and graduate degree levels.

    • Saginaw Valley State University is great for students who:

      Prioritize a welcoming campus atmosphere. Students describe support services as helpful and friendly, and praise the school’s overall diversity.

    • Saginaw Valley State University might not be the best fit for students who:

      Are seeking a larger campus experience. Students describe the school and student body as small in size, which may limit networking opportunities.

    Compare school
  6. #5

    Northwood University

    Midland , MI
    #4 Best Online Bachelor's of Cybersecurity Degree Programs in Michigan #9 Best Online Colleges in Michigan 2024 #9 Best Online Master's in Economics #11 Best Online Bachelor's in Sports Management Degree Programs for 2024
    Other Rankings

    Tuition + fees

    $32K

    Acceptance

    80%

    Graduation

    63%

    Student body

    3K

    Median SAT/ACT

    1055/20

    Career Outlook for Economics degree at Northwood University

    Cost of Degree: $37,080
    Expenses: $16,222
    Starting Salary: $47,758
    Salary after 4 years: $68,378
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary
    What is Northwood University known for?

    Northwood University’s faculty and alumni have been influential in:

    Most Influential Alumni

    What do we love about Northwood University?

    Northwood University was founded in 1959. Its first class of graduates actually attended classes in a 19th Century mansion located in Alma, Michigan. By 1961, Northwood had moved to its present-day location in Midland, Michigan.

    Northwood’s initial class was made up of roughly 100 students. Today, Northwood serves more than 3500 undergraduates and graduates, the majority of whom are non-residential students.

    • Northwood University is great for students who:

      Are pursuing careers in business. Northwood is noted for its excellent business administration programs and intimate class sizes, especially in the area of adult education.

    • Northwood University might not be the best fit for students who:

      Are seeking a more lively campus experience. Students describe Northwood as a beautiful but quiet campus.

    Compare school

Career Outlook for Students with Economics Degree

Go to Degree Finder tool

Economics

Degree Level: Master's

  • Location: The U.S. (Private Schools)
  • Avg. Cost of Degree*: $13,155
  • Avg. Expenses*: $18,637
  • Avg. Starting Salary*: $72,076
  • Avg. Salary after 4 Years*: $87,240
  • Avg. Cost Recoup Time**: 5 years
  • Job Growth: 2.32%
  • Number of Jobs: 2,376,200
  • * denotes ‘annually’
  • ** denotes ‘at 15% of annual salary’

Career Salaries

CareerJob GrowthAvg. Salary
Economists6.25%$108,366
Managers, All Other3.35%$106,040
Economics Teachers, Postsecondary4.05%$104,688
Data Scientists35.11%$91,799
Statisticians31.83%$90,928

Average Career Salaries

Bottom 10%MedianTop 10%
$53,242$90,147$141,124

Promising Job Markets

StateCost of LivingAvg. Salary
#2 Alabama13% higher than average$102,252
#3 Illinois7% higher than average$101,612
#4 Virginia5% higher than average$99,747
#5 New York5% higher than average$108,048
#6 Texas10% higher than average$92,580

Top Industries

IndustryAvg. Salary
Economists$108,366
Managers, All Other$106,040
Economics Teachers, Postsecondary$104,688
Data from The Bureau of Labor Statistics, The Department of Education College Scorecard, The Department of Education NCES, and The Council for Community and Economic Research.
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Factors for Choosing MBA in Economics Online Programs

If you aspire to a career in economics, you must be sure that you can tackle the challenges of an accredited online MBA in economics program.

Choosing from among the best online MBA programs will help to make your professional journey easier by allowing you to balance your pursuit of an advanced degree with any existing professional demands.

Furthermore, an online degree program in a reputable college or university should have the integrity, reputation, and track record to convince employers that their graduates deserve a place in the employer’s organization.

Here are the factors that you need to consider when choosing a school that offers the online MBA in economics degree:

  • Accreditation: Accreditation is vital. It signifies that the school’s education is in compliance with the standards of the Department of Education and the accrediting body. A school must also be accredited in order to offer federal financial aid to its students.

    • In addition to institutional accreditation, be sure your degree in online MBA in economics is accredited by the Association to Advance Collegiate Schools of Business (AACSB). This national board provides programmatic accreditation, which is an important mark of credibility for the master’s of business administration degree.

  • Cost: Cost is an inherent element of every educational pursuit. But since cost differs from one school to another, you must ensure that the online school you choose is affordable while still providing a quality education.
  • Financing Options: Accredited colleges and universities will offer financial aid options including grants, scholarships, and loans for students who qualify. Some will also offer work-study programs.
  • Course Delivery: Online education courses are delivered in three different ways: synchronous (live online classes), asynchronous (classes that can be attended anytime), and blended or hybrid (a mix of both synchronous and asynchronous). Choose a school that offers the type that suits your schedule.
  • Academic Support: Academic support is a valuable element of distance learning. Give due credit to schools that provide students with online resources such as references and tutorials. You will need these to gain a deeper understanding of your lessons.

Bottom Line: Choosing an accredited school with a stellar reputation will help to launch or advance your career in economics because employers will be confident of the quality education that you received.

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Careers for Online MBA in Economics Degree Holders

Graduates with the online MBA in economics have the credentials to qualify for several careers, including:

  • Economists
  • Actuaries
  • Mathematicians and Statisticians
  • Budget Analysts
  • Financial Analysts
  • Cost Estimators
  • Survey Researchers
  • Operations Research Analysts

Key Points: According to the Bureau of Labor Statistics, job openings for online MBA in economics degree holders are projected to grow by 6% from 2021 to 2031.

The picture is even brighter for those who use their graduate degree to pursue careers as Mathematicians and Statisticians. Jobs for these positions are expected to grow by an incredible 31% from 2021 to 2031.

See what else you can do with an online MBA.

Save money on your way to an MBA by checking out some free MBA courses at some of the best business schools in the world.

You can also see our complete Guide to Online Degrees.

 
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