Get a Master’s in Economic Development?

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The MSc in Economic Development focuses on community development, economic health and sustainability and prepares you for a career in policy development, economics, finance, project management or research. Degree holders may work locally or internationally in non-profit agencies, private companies, universities and government, and some continue their studies to earn a doctorate. To earn a master’s degree in economic development, you must meet all of your school’s prerequisite requirements, including a bachelor’s degree and submission of required essays and documents. You will need to successfully meet all course exit requirements, including core courses and electives, along with a final exam, internship or project.

The most common prerequisite requirements for enrolling in a master’s in economic development include a completed bachelor’s degree, transcripts from previous schools, and an essay detailing your interest in the program. Your bachelor’s degree can typically be in a different field, but prerequisite courses may be required to successfully pass economics courses in most master’s programs in economic development. Schools often set minimum GPA and SAT scores to be accepted into a graduate program. Some schools may require professional economic development experience or require you to submit professional recommendations and a resume.

Your Masters in Economic Development may include 12 or more courses with core and elective components. Core courses focus on microeconomics, macroeconomics, statistics, international economics, international finance, economic policy analysis, global relations, and economic development. Some masters in economic development programs require you to select a concentration in a field such as international development, international business, global finance or development economics. Their concentration courses often replace electives, but a non-concentrated degree can offer electives in politics, accounting, finance, law, nonprofit management, entrepreneurship, and housing development.

Exit requirements to earn a master’s in economic development vary depending on your school, the length of the program, and any concentration requirements. Some programs have a comprehensive exam that you would take after completing the major courses in the degree program and then require an additional internship or project related to the concentration you seek. Other programs require a comprehensive development project that you work on throughout the program and focus on a topic in economic development that best suits your interests and career goals. Additional exit requirements include earning a specific GPA and completing the coursework within the school’s maximum deadline.

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