MBA in Economics

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While an MBA program builds fundamental business skills, a concentration in economics helps students understand how public policy, consumer behavior, and global markets impact companies at large. This coveted degree makes candidates highly marketable as they gain a wide variety of skills such as marketing, finance, and operations, as well as an ability to think critically.

An MBA in economics helps students explore their local economy as well as its effects on business. Additionally, students take a deep dive into policymaking, financial markets, purchasing power, and pricing indices. These programs prepare students to tackle real-world challenges with the help of case studies and a curriculum geared towards practical application. Some of the courses included are micro and macroeconomics, managerial economics, and economic development. A few colleges even offer unique sub-specializations such as an MBA in agribusiness economics or an MBA in economic crime management.

Graduates with an MBA in economics are well-equipped to work across various banking, consulting, government, insurance, manufacturing, and finance sectors. The knowledge and skills gained in the program can make students ideal for positions such as financial analyst, pricing analyst, global management, economic forecaster, and market researcher, among many others.

The following guide covers ten exceptional online MBA in economics programs and three distinguished faculty members from these programs.

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Featured Online MBA in Economics Programs

Utica College’s online MBA in economic crime and fraud management is highly coveted due to its focus on fraud management and business. This advanced degree prepares students to take up management-level roles in corporations, government organizations, and professional associations.

As part of the program, students understand business concepts and complex technology; they learn how to spot fraud and principles of data analysis and financial models. Some of the core topics they get an insight into include financial reporting and analysis, strategic management and leadership, and managerial economics. The MBA core teaches them how economic forces work and how to put them to use while making vital decisions. It also instills leadership skills in students.

The economic crime core curriculum includes legal and regulatory issues for fraud management, fraud prevention and detection, and a seminar in fraud management. At the end of the program, students will have a deeper understanding of management issues, the role of technology in business fraud, and effective communication.

Location: Utica, New York
Expected Time to Completion: 24 months
Estimated Tuition: $700 per credit
Accreditation: Association to Advance Collegiate Schools of Business (Candidate)

SNHU’s online MBA program is well-suited for individuals looking to make a career in finance, economics, healthcare, trade, or manufacturing. Experts in data analysis and finance teach economics concentration courses and combine real-world examples with research.

The program explores mathematics and statistics for economics, micro and macroeconomic theory, and managerial economics. Students build on their knowledge of mathematics and statistics while learning how to make executive decisions, analyze market structure and consumer behavior. Students also get an overview of accounting and finance, leadership, and marketing strategy along with concentration courses.

Graduates from the program can explore data analysis and management opportunities in sectors such as banking, consulting, government, finance, transport, and utilities. The program prepares students for positions such as financial analyst, economic forecaster, pricing analyst, research consultant, and management consultant.

Location: Manchester, New Hampshire
Expected Time to Completion: 15 months
Estimated Tuition: $627 per credit
Accreditation: Accreditation Council for Business Schools and Programs (ACBSP)
3Carnegie Mellon University, Tepper School of Business

The Tepper School online hybrid MBA program has been ranked second by Poets & Quants and first by U.S. News and World Report. It has a rigorous curriculum supplemented by in-person sessions, so students don’t miss out on vital experiences by taking up an online course. Students get an opportunity to spend time with faculty and colleagues during Access Weekends, which take place six times a year. Students also visit top companies to gain an insight into their inner workings. Twice a week, students attend live online classes.

Core courses provide students an overview of marketing, finance, operations, and accounting. While students are required to complete one concentration, many students also complete three or four. The economics concentration provides students an understanding of monetary policy, macroeconomics, microeconomics, global economics, and risk management. Some of the courses they can choose from include emerging markets, business forecasting with time series models, and financial regulation.

Notably, the program combines theory with practical experience, letting students conduct research and find out how policy, competition, and innovation influence economic outcomes. In addition to an MBA, students can also pursue dual degrees in engineering or healthcare policy.

Location: Pittsburgh, Pennsylvania
Expected Time to Completion: 32 months
Estimated Tuition: $17,500 per semester
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)
4Mercer University, Eugene W. Stetson School of Business and Economics

Mercer University offers an online MBA program ideal for working professionals who are looking to upgrade their skills. The program is powered by interactive technology and gives students a chance to build their network through online and offline interactions with their classmates and faculty.

The MBA program offers a specialization in one of six areas, including marketing, healthcare management, finance, general business, human resources, and economics. Along with an MBA, students can also opt for a dual degree such as a doctor of pharmacy, master of accountancy, master of divinity, and doctor of physical therapy. The core MBA courses include managerial economics, managerial accounting, corporate finance, and marketing concepts, while the economics specialization trains students to look at the broader implications of business decisions.

Upon completing the program, students have the know-how and skills to work in challenging roles such as financial analyst, supply chain analyst, market researcher, and account manager.

Location: Macon, Georgia
Expected Time to Completion: 18 months
Estimated Tuition: $795 per credit
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)
5Southern Illinois University, College of Business

Southern Illinois University offers an MBA in agribusiness economics in partnership with the school’s College of Agricultural Sciences. It is one of the few universities in the U.S. that offers an agribusiness concentration. This highly unique and advanced degree is perfect for those who wish to tackle challenges in modern agribusiness.

The 42-credit program allows students to explore topics such as business management, farm appraisal, grain merchandising, and market and policy analysis. Students learn core concepts such as brand management, business communication, and critical issues for business. They take a deep dive into agribusiness research methodology, agricultural development, and resource allocation in the agribusiness concentration. Additionally, they understand research methods, development trends across the world, and product price analysis.

Location: Carbondale, Illinois
Expected Time to Completion: 23 months
Estimated Tuition: $36,000 for full program
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)

The University of Houston–Victoria offers a global MBA program that includes economic development as one of its concentrations. Students can choose to study part-time or full-time, on-campus or online. They can also opt for a combination of online and campus-based classes. The program is one of the best among Texas’s online MBA programs and a good fit for business professionals seeking advanced career opportunities.

The program comprises 54 credits, including 24 for foundation courses and 18 for core courses. Students gain an insight into economic development and entrepreneurial finance, the practice of local economic development, methods of economic growth, and regional economic development. They also get an overview of business fundamentals such as marketing, operations management, and finance. Upon completing the program, students are well-equipped to take up leadership roles in private and public organizations.

Location: Victoria, Texas
Expected Time to Completion: 18 months
Estimated Tuition: $416.64 per credit
Accreditation: Commission on Colleges of the Southern Association of Colleges and Schools (SACS)
7Wright State University, Raj Soin College of Business

Wright State University offers a 33-credit online MBA in business economics. Applicants to the program need not submit GMAT scores, but they do need a GPA of 3.0 or higher. Additionally, students must have a basic understanding of economics, finance, and accountancy. Those lacking in this requirement must take foundational courses.

The MBA core strengthens business essentials such as marketing, finance, leadership, and operations management. The economics concentration includes courses such as applied macroeconomics analysis and applied microeconomics. Students are trained to analyze and study fiscal and monetary policy changes. They also develop their critical thinking and quantitative skills. Graduates from this program can go on to pursue roles in business, government, and non-profit sectors. Please note that students can opt for various other concentrations such as finance, healthcare management, investments, new venture creation, and marketing.

Location: Dayton, Ohio
Expected Time to Completion: 24 to 60 months
Estimated Tuition: $1,125 per credit
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)
8Rice University, Jones Graduate School of BusinessView Full Profile

The MBA@Rice hybrid online program offered at the Jones Graduate School of Business ranks #6 on the Princeton Review’s list of best online MBA programs in the US, #9 in the U.S. News and World Report’s list of best online MBA programs, and #10 best online MBA in the US by Fortune Education.

This 54-credit program offers four concentration areas in corporate finance, corporate strategy, investment management, and marketing. Core courses include managerial economics and data analysis, and elective courses related to economics include the geopolitics of energy. A unique feature of this program is the field experiences; one offered on-campus at Rice University in Houston and the other offered internationally as a Global Field Experiences (GFE).

Classes are offered Monday through Thursday to support students working full-time. Live opportunities to meet with faculty and classmates are available through face-to-face Zoom classes. Students can complete assignments from anywhere with an internet connection on any mobile device.

The average applicant to this program has seven years of work experience and a bachelor’s degree from an accreditation institution. GRE/GMAT waivers are available for students with seven or more years of full-time work experience, a graduate or a terminal degree in a quantitative field, a quantitative professional certification, or equivalent standardized test scores that demonstrate quantitative abilities.

Location: Houston, TX
Expected Time to Completion: 24 months
Estimated Tuition: $2,035.74 per credit
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)
9University of Denver, Daniels College of BusinessView Full Profile

The Daniels College of Business at the University of Denver offers an online MBA program that can be completed in as few as 21 months.

The core curriculum includes a managerial economics course that teaches the fundamental concepts of micro and macroeconomics and how to use economic data to drive decision-making in organizational settings. The elective course in equity analysis teaches students to apply valuation approaches in a knowledge-based economy. Students can choose from four concentration areas, and two in-person immersions are required to complete the MBA degree.

Applicants to this program must hold a bachelor’s degree, have at least two years of professional experience (three years is preferred), and a minimum GPA of 2.5 or a master’s degree. Due to challenges with testing access brought on by Covid-19, the GRE/GMAT is waived for students beginning classes in 2021. With four start dates offered throughout the year, this program is designed for professionals who want to earn a degree while working full-time.

Location: Denver, CO
Expected Time to Completion: 21-24 months
Estimated Tuition: $1,383 per credit
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)
10University of Delaware, Alfred Lerner College of Business and EconomicsView Full Profile

The online MBA program at Alfred Lerner College of Business and Economics is rated #32 in the U.S. News and World Report’s list of best online MBA programs. Students with a bachelor’s degree from a regionally accredited institution and a GPA of 2.8 or higher are eligible to apply.

Applicants must have at least two years of work experience and GRE/GMAT scores. Graduates of the Alfred Lerner College of Business and Economics are eligible for GRE/GMAT waiver, as are applicants with high GPA scores, work, and education history.

This 44-credit program can be completed in as few as 16 months on the accelerated track. Single, dual, or triple concentration options are available, including business analytics which emphasizes business strategy and management science for future results optimization.

Academic support is available through tutoring, weekly office hours with faculty, and collaborative opportunities with other students. Students in this program have full access to the business school’s career services to take advantage of networking and career opportunities.

Location: Newark, DE
Expected Time to Completion: 16-24 months
Estimated Tuition: $950 per credit
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)

Professors to Know in Online MBA in Economics Programs

  • Vera Adamchik, PhD - University of Houston-Victoria

    Dr. Vera Adamchik teaches courses in statistics and economics at the University of Houston-Victoria. Her research focuses on labor economics and transition economics, examining the labor market, unemployment, and economic transformation of Europe. Her work has been published by respected journals such as the International Journal of Manpower, Economics of Transition, and Labor Economics.

    Dr. Adamchik is also a research fellow at the Central and East European Economic Research Center (CEEERC). She has earned prestigious laurels such as the Outstanding Research Award from the Global Conference on Business and Finance. Dr. Adamchik earned her PhD and MS in economics from Lehigh University.

  • Laurence Ales, PhD - Carnegie Mellon University

    Dr. Laurence Ales is an associate professor of economics at Carnegie Mellon University. His research focuses on macroeconomics, optimal taxation, and contract theory. He teaches courses such as emerging markets, global economics, and economics of contracts.

    Notably, Dr. Ales was awarded the William H. and Frances S. Ryan Award for Meritorious Teaching by Carnegie Mellon University. He earned PhD and MA in economics from the University of Minnesota and a BS in physics from Tor Vergata University.

  • Allen Lynch, PhD - Mercer University

    Dr. Allen Lynch is an associate professor of economics and quantitative methods at the Mercer University Stetson School of Business. He brings extensive real-world experience to the classroom that enriches his teaching. Before taking up his professorship, he worked as a senior research analyst with Blockbuster Entertainment Group. He has also served as a research associate for the Collins Center for Public Policy in Tallahassee, Florida. Even today, he serves as a consultant to several well-recognized corporations.

    Dr. Lynch’s articles have appeared in well-known journals such as the Journal of Labor Research, Urban Studies, Applied Economics, and the Journal of Sports Economics. His research on college athletics has received attention from outlets such as CNN, CNBC, The Wall Street Journal, and Forbes Magazine. He earned his MS and PhD from Florida State University and BA from the University of North Florida.

Farheen Gani
Farheen Gani
Writer

Farheen is a freelance writer, marketer, and researcher. She writes about technology, education, and marketing. Her work has appeared on websites such as Tech in Asia and Foundr, as well as top SaaS blogs such as Zapier and InVision. You can connect with her on LinkedIn and Twitter (@FarheenGani).

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