The School of Economic Sciences at Washington State University offers an M.S. degree in Applied Economics. The degree program provides strong foundations in economic theory, quantitative methods, applications, and research analysis in order to prepare graduates for professional careers in business and consulting, government, and research organizations or as preparation for doctoral studies in Economics or Agricultural Economics. This degree is designed so that well-prepared students can complete it in 1 year.
Major highlights of the MS program:
- Rigorous Academic Training. The program provides strong foundations in economic theory, quantitative methods, applications, and research analysis.
- Multiple Career Paths. Our goal is to enhance students’ competitiveness to succeed in professional careers in business, consulting, government, and research organizations, among others. This MS program is also an excellent preparation for doctoral (Ph.D.) studies in Economics, Finance, Agricultural Economics, or Business Economics.
- Flexible Learning Schedule. Our program allows for two programs of study:
o One-year option for students seeking industry, government, and consulting jobs, in which well-prepared students can complete all course work in 12 months obtaining a terminal M.S. degree; and
o Two-year option for PhD-bound students, in which students take some MS-level courses during their first year and Ph.D.-level courses during their second year, which are transferred if the student is subsequently accepted into our Ph.D. program. This has been a successful pathway for some of our best Ph.D. graduates given their strong preparation in the MS program.
Main admission requirements:
- Bachelor’s Degree with a cumulative GPA of 3 or higher (out of a scale of 4);
- Prerequisite classes (calculus, linear algebra, statistics, econometrics, intermediate microeconomics and intermediate macroeconomics);
- GRE exam. We do not require a minimum GRE score. However, the average GRE score in the quantitative section (the most important section for our application process) is around 150 points or above. If you took the GMAT exam, please contact us with your scores, to see if you would be waived taking the GRE exam. Please note that, if you are a Ph.D.-bound student who plans to continue into the WSU Ph.D. program after finishing your M.S. degree, you must include your GRE scores as part of your application to the M.S. program.
- IELTS/TOEFL exam. The minimum TOEFL score is 213 in the computer version (which corresponds to 550 in paper version and 80 in the internet version). In case students take the IELTS exam, the minimum IELTS score is 7. The TOELF/IELTS exams are waived to students graduating from universities where English is the language of instruction.