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 behaviour 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 it’s effects on business. Additionally, students take a deep dive into policy making, 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 macro economics, 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 sectors such as banking, consulting, government, insurance, manufacturing, and finance. 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 eight exceptional online MBA in economics programs, as well three distinguished faculty members from these programs.

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Professors to Know in Online MBA in Economics Programs

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    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 International Journal of Manpower, Economics of Transition, and Labor Economics. She is also a research fellow at the Central and East European Economic Research Center (CEEERC). She has earned pretigious 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 the Lehigh University.

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    Laurence Ales, PhD - Carnegie Mellon University

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

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    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 enrich his teaching. Prior to taking up his professorship, he worked as a senior research analyst with Blockbuster Entertainment Group. He has also served as research associate for the Collins Center for Public Policy in Tallahassee, Florida. Even today, he serves as a consultant to a number of well-recognized corporations. His 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. Dr. Lynch earned his MS and PhD from Florida State University and BA from the University of North Florida.

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 as well as business. This advanced degree prepares students to take up management-level roles in corporations, government organisations, and professional associations.

As part of the program, students get an understanding of business concepts and complex technology, they learn how to spot fraud, as well as principles of data analysis and financial models. Some of the core topics that 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 includes courses such as 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: $855 per credit-hour
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. The economics concentration courses are taught by experts in data analysis and finance, and combine real-world examples with research.

The program explores topics such as 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 managerial decisions, analyze market structure and consumer behavior. Along with concentration courses, students also get an overview of accounting and finance, leadership, and marketing strategy.

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-hour
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 #1 number by Poets and Quants and #2 by U.S. News and World Report. It has a rigorous curriculum that is 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 that 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: $16,500 for full course
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 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 wider implications of business decisions.

On successful completion of 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: $740 per credit-hour
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 43-credit program provides students an opportunity 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. In the agribusiness concentration, they take a deep dive into agribusiness research methodology, agricultural development, and resource allocation. Additionally, they gain an understanding of research methods, development trends across the world, and product price analysis.

Location: Carbondale, Illinois
Expected Time to Completion: 23 months
Estimated Tuition: $35,213 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 it's 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, practice of local economic development, methods of economic development, and regional economic development. They also get an overview of business fundamentals such as marketing, operations management, and finance. Upon successful completion of 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: $851 per credit-hour
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: 24-60 months
Estimated Tuition: $1,091 per credit-hour
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)