Cheapest Online Economics Degree Programs for 2025

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Finding the cheapest online economics degree program is crucial for many reasons. It allows individuals to pursue higher education without incurring significant debt, making it more accessible to a wider range. Additionally, it can help students save money that can be used for other expenses, such as books, fees, and living costs. By choosing a more affordable option, students can invest in their future without compromising their financial stability.

With this guide, I can help you explore the cheapest online economics degree programs, highlighting affordable options for students pursuing a career in economics. Readers will discover the core topics these programs cover, such as microeconomics, macroeconomics, econometrics, and economic policy. I also provided insights into the best value programs that combine quality education with cost-effectiveness, helping students make informed decisions for their academic and career goals.

What are the benefits of getting a degree in economics?

A degree in economics can lead to jobs in finance, government, consulting, and international organizations, such as financial analysts, economic consultants, and policy advisors.
Professionals with an economics degree earn a median salary of around $60,000 to $75,000 per year, with the potential for higher earnings as they gain experience.
Pursuing an economics degree online offers flexibility in schedule, allowing students to balance work or personal commitments while saving on commuting and housing costs.

What can I expect from an online degree in economics?

An online degree in economics provides students with the flexibility to study fundamental economic principles, data analysis, and financial systems from anywhere. Whether pursuing a bachelor’s or master’s degree, online programs are designed to accommodate diverse schedules while delivering a rigorous and comprehensive curriculum.

Tuition for online economics programs varies widely, typically ranging from $10,000 to $30,000 for a bachelor’s degree and $20,000 to $60,000 for a master’s degree, depending on the institution and program level.
Core coursework often includes microeconomics, macroeconomics, econometrics, game theory, international trade, and public policy, with opportunities to specialize in areas like environmental economics or financial markets.
Online economics programs usually take 3 to 4 years for a bachelor’s degree and 1 to 2 years for a master’s degree, with accelerated options available in some cases.
Online formats allow students to learn at their own pace, balancing studies with work or personal responsibilities while accessing resources and faculty support virtually.
Graduates are well-prepared for roles in financial analysis, policy research, consulting, and government, with many programs also offering internship or capstone project opportunities to gain practical experience.

Where can I work with an online degree in economics?

An online economics degree opens doors to a wide range of career paths in both the public and private sectors. In the public sector, you could work as a government economist analyzing economic trends and advising policymakers, or as a policy analyst researching and developing public policies.

In the private sector, you could pursue roles such as financial analyst, market research analyst, data analyst, business consultant, or investment banker. The specific job opportunities will depend on your skills, experience, and career goals, but an economics degree provides a strong foundation for success in various fields.

How much can I make with an online degree in economics?

With an online degree in economics, your earnings will depend on your role, experience, and location. Generally, entry-level positions start at around $50,000 to $60,000 annually. As you gain experience, salaries can increase from $70,000 to $90,000 per year.

In more senior roles, such as economic consultants, financial analysts, or policy advisors, you could earn over $100,000 annually. These figures can rise further with advanced degrees or specialized skills in high-demand areas like data analysis or financial modeling.

Cheapest Online Economics Degree Programs for 2025
How long does it take to complete an online degree in economics?
How does an online degree in economics compare to an on-campus program?
What is the average cost of an online degree in economics?
What are the financial aid options for students enrolling in an online degree in economics?
What are the prerequisites for enrolling in an online degree in economics?
What courses are typically in an online degree in economics?
What types of specializations are available in an online degree in economics?
How to choose the best online degree in economics?
Emerging Technology and Digital Solutions
What career paths are available for graduates of an online degree in economics?
What career paths are available for graduates of an online degree in economics?
How can an online economics degree boost your MBA prospects?
What is the job market for graduates with an online degree in economics?
How does an online economics degree compare in cost to an online MBA?
Should I start with an affordable online business associate's degree before pursuing an online degree in economics?
Do employers view online economics degrees as credible?
What is the ROI of an online economics degree?
What challenges might I encounter with an online economics degree?
How can combining my online economics degree with specialized executive programs enhance my career advancement?
How do online economics programs foster lifelong learning and continuous career development?
How can an online economics degree support entrepreneurial ventures?
Other Things You Should Know About Online Degree in Economics

List of the Cheapest Online Economics Degree Programs for 2025

How do we rank schools?

It is often challenging to find the cheapest online economics degree programs. Our team of experts at Research.com has developed a ranking system that has been well-validated to help students choose the right program for them. Our experts utilized the following data sources to ensure all data and information are verified and up to date.

Integrated Postsecondary Education Data System (IPEDS database)
Peterson’s database, including their Distance Learning Licensed Data Set
College Scorecard database
National Center for Education Statistics

1. Liberty University Bachelor of Science in Business Administration

Liberty University's online Bachelor of Science in Business Administration with a specialization in Economics offers a flexible and affordable path to a rewarding career. The program's curriculum combines core business principles with specialized economic training, equipping students with essential skills like analytical thinking, problem-solving, and data analysis. With experienced faculty and a focus on ethical decision-making, graduates are well-prepared for roles in finance, consulting, public policy, and management.

Program Length: 8 weeks
Tracks/concentrations: Economics
Estimated Cost per Credit: $390
Required Credits to Graduate: 120
Accreditation: Accreditation Council for Business Schools and Programs

2. Regent University B.S. in Business with an Economics concentration

Regent University's online B.S. in Business with an Economics concentration offers a flexible program that blends business principles with economic theory, all from a Christian perspective. Students gain valuable skills like analysis, problem-solving, and communication, preparing them for careers in financial analysis, banking, market research, and more. Competitive tuition rates, financial aid options, and online accessibility make this program a well-rounded choice for those seeking a faith-based business education.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $450
Required Credits to Graduate: 120
Accreditation: Accreditation Council for Business Schools and Programs

3. University of Massachusetts-Dartmouth B.S. in Economics

UMass Dartmouth's online B.S. in Economics equips students with analytical skills and economic theory to tackle real-world challenges. The program offers a flexible online format with both asynchronous courses and one-on-one advising. Students will gain expertise in data analysis, policy recommendations, and market trends, preparing them for careers in finance, government, and more. With a strong track record of graduate employment and national recognition, this program caters to working adults seeking a career boost in economics.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $359
Required Credits to Graduate: 120
Accreditation: New England Commission of Higher Education

4. Eastern Oregon University Bachelor's Degree in Economics

The online Bachelor’s degree program in economics at Eastern Oregon University (EOU) is designed to provide a comprehensive and flexible education for students interested in economics. Students will engage with a comprehensive curriculum including lower- and upper-division courses. The foundational courses cover microeconomics, calculus, statistics, and research methods. Advanced courses delve into economic theories, principles, and econometrics, culminating in a capstone project supervised by faculty, providing real-world experience.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $316
Required Credits to Graduate: 180
Accreditation: Northwest Commission on Colleges and Universities

5. Penn State University Bachelor of Science in Economics

The online Bachelor of Science in Economics program at Penn State University offers a comprehensive and flexible education tailored for students interested in understanding economic systems and applying analytical skills to real-world challenges. Students can choose from various electives to tailor their education according to their interests, including advanced economics courses and supporting classes in social sciences. Students will also gain valuable skills applicable in various fields, such as understanding market trends and problem-solving.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $632
Required Credits to Graduate: 180
Accreditation: Middle States Commission on Higher Education

6. Colorado State University Bachelor of Arts in Economics

The online Bachelor of Arts in Economics program at Colorado State University (CSU) is designed to provide students with a robust understanding of economic principles and their practical applications in various sectors. The curriculum combines quantitative training with an exploration of human behavior's impact on economic systems. Courses are taught by the same faculty who teach on-campus classes, ensuring that online students receive the same high-quality education. Faculty members are available for online office hours and encourage student interaction.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $476
Required Credits to Graduate: 120
Accreditation: Higher Learning Commission

7. Arizona State University Bachelor of Science in Economics

The online Bachelor of Science in Economics program at Arizona State University (ASU) is designed to equip students with a strong foundation in economic theory, quantitative analysis, and practical business applications. This degree combines essential business education from the W. P. Carey School of Business with an in-depth study of economics. Students will explore both microeconomic and macroeconomic theories while gaining proficiency in applied statistical tools. Elective courses are available in areas such as international economics and labor markets, enabling students to tailor their education to their interests.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $744
Required Credits to Graduate: 120
Accreditation: Accreditation Council for Business Schools and Programs

8. University of Wisconsin-Whitewater Bachelor of Business Administration

The online Bachelor of Business Administration in Economics program at the University of Wisconsin-Whitewater (UW-Whitewater) is designed to provide students with a comprehensive understanding of economic principles and their applications in various fields. The coursework emphasizes critical skills such as analytical thinking, quantitative analysis, and economic literacy. UW-Whitewater provides robust support for online students, including access to academic advising, library services, financial aid, technical support, mentoring, and career services. This comprehensive support system helps students navigate their educational journey effectively.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $412
Required Credits to Graduate: 120
Accreditation: Accreditation Council for Business Schools and Programs

9. Oregon State University Bachelor of Arts in Economics

The online Bachelor of Arts in Economics program at Oregon State University (OSU) offers students a comprehensive education in economic theory and its practical applications. Students will develop quantitative and analytical skills while gaining insights into human behavior and economic incentives. The curriculum is designed to prepare students for advanced studies in economics, public policy, law, and business. Courses are delivered by OSU's highly regarded faculty, who are recognized for their research and expertise in the field.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $366
Required Credits to Graduate: 180
Accreditation: Accreditation Council for Business Schools and Programs

10. Utah State University Bachelor of Science or Arts in Economics

The online Bachelor of Science or Arts in Economics program at Utah State University (USU) is designed to equip students with a solid foundation in economic theory and practical applications. Students in the economics program will explore various aspects of economics, including the production, distribution, and consumption of goods and services. The curriculum emphasizes understanding how economies function and how economic principles can be applied in real-world scenarios. USU's online format provides flexibility for students to balance their studies with other commitments. Courses are taught by faculty with real-world experience, ensuring that students gain insights into how abstract economic concepts are applied in practical settings.

Program Length: 4 years
Tracks/concentrations: Economics
Estimated Cost per Credit: $394
Required Credits to Graduate: 60
Accreditation: Northwest Commission on Colleges and Universities

How long does it take to complete an online degree in economics?

The duration to complete an online economics degree varies based on the level of the degree and the specific program structure. A bachelor's degree typically takes four years (or two years for completion programs), and a master's degree can be completed in about 20 months, depending on the student's pace.

Bachelor's Degree in Economics

Typical Duration: Most online bachelor's degree programs in economics require around 120 credits and can be completed in approximately four years for full-time students.
Accelerated Options: This can be the fastest way to get a finance degree. Some programs, like the Bachelor of Arts in Economics at San Diego State University, can be completed in as little as two years, particularly for students who have already completed some college coursework or have transferable credits.
Part-Time Study: The completion time for part-time students may extend to five years or more, depending on the number of courses taken each semester.

Master's Degree in Economics

Typical Duration: Online master's programs, such as the MA in Economics at American University, generally take about 20 months to complete. These programs typically require around 30 credit hours and often consist of 10 courses plus a capstone project.
Flexibility: Many master's programs are designed to accommodate working professionals, allowing for a more flexible pace that can extend completion times if needed.

Some may also have a related associate's degree, such as in business administration. But an associate's degree is not a requirement to getting a master's degree. Check out the best associate degree in business administration online.

How does an online degree in economics compare to an on-campus program?

Choosing between an online and an on-campus degree in economics depends on individual circumstances such as learning preferences, financial considerations, and personal commitments. Each format has its distinct advantages and challenges that should be weighed carefully.

Online programs may offer fewer course options compared to on-campus degrees. Many institutions provide a wide range of majors and the easiest bachelor degree to get online, but some specialized courses might only be available on campus due to the need for in-person participation or resources. Additionally, the quality of online courses can vary; some may use older materials or less engaging formats compared to traditional classroom experiences.

One of the most significant advantages of online programs is their flexibility. Online courses typically allow students to learn at their own pace and schedule, accommodating those who work full-time or have other commitments. In contrast, on-campus programs often require attendance at scheduled classes, which can be less convenient for busy students.

In today’s digital landscape, many students are broadening their academic pursuits by exploring various online programs. For example, alongside their interest in economics, learners are increasingly considering accredited BSW online programs to diversify their skill sets and gain interdisciplinary insights that enrich their career prospects.

What is the average cost of an online degree in economics?

The cost of an online economics degree can vary significantly based on the institution and specific program. The cost of having an online certificate in accounting might be different from enrolling in a bachelor’s degree in economics. Generally, the total cost for a bachelor's degree ranges from $30,000 to $70,000. Factors influencing the cost include tuition per credit hour, the total number of credits required, and the institution's reputation. Public universities often offer lower tuition rates compared to private institutions.

For example, Liberty University charges around $390 per credit, while Penn State University's rate is about $626 per credit. The total program cost at Eastern Oregon University is approximately $56,880, while Oregon State University charges about $366 per credit. The average annual tuition for online bachelor's degrees in economics can range from $9,000 to $35,000.

What are the financial aid options for students enrolling in an online degree in economics?

Several financial aid options are available to students pursuing online economics degrees. It's important to research specific financial aid opportunities available at the institutions you're considering. Each institution has its own unique financial aid packages and eligibility requirements.

Federal Financial Aid

FAFSA: The Free Application for Federal Student Aid (FAFSA) is the primary tool for accessing federal student aid.
Pell Grants: Need-based grants awarded to undergraduate students.
Federal Student Loans: Subsidized and unsubsidized loans to help cover tuition and fees.

State Financial Aid

State Grants: Many states offer state-specific grants and scholarships for higher education, including online programs.
State Loans: State-sponsored loans may be available to eligible students.

Institutional Aid

Scholarships: Many colleges and universities offer scholarships to online students based on academic merit, financial need, or other criteria.
Grants: Some institutions provide grants to help cover tuition and fees.

Private Financial Aid:

Private Scholarships: Various private organizations, businesses, and foundations offer scholarships to students in specific fields, including economics.
Employer Tuition Reimbursement: Some employers offer tuition reimbursement programs to encourage employee education and development.

What are the prerequisites for enrolling in an online degree in economics?

While specific prerequisites may vary between institutions, here are some common requirements for enrolling in an online economics degree program and even other degrees such as a BS in finance online:

High School Diploma or GED: This is typically the minimum requirement.
College-Level Math: A strong foundation in algebra, calculus, and statistics is often necessary. Some programs may require specific math courses like Calculus I and II.
English Proficiency: For international students, proof of English language proficiency (e.g., TOEFL, IELTS) may be required.
Transfer Credits: If you have previously attended college, you may be able to transfer credits to fulfill some of the degree requirements.
Personal Computer and Reliable Internet Access: Online programs require a reliable internet connection and a suitable computer to access course materials and participate in online discussions.

What courses are typically in an online degree in economics?

An online economics degree typically covers a wide range of economic theories and applications. Here are some common courses you might encounter:

Core Economics Courses:

Microeconomics: This course delves into the behavior of individual economic agents, such as consumers and firms.
Macroeconomics: This course focuses on the overall performance of the economy, including topics like inflation, unemployment, and economic growth.
Econometrics: This course applies statistical methods to economic data to analyze economic relationships and test hypotheses.

Specialized Courses:

International Economics: This course explores international trade, exchange rates, and global economic policies.
Financial Economics: This course examines the economic principles underlying financial markets, including stocks, bonds, and derivatives.
Labor Economics: This course analyzes labor markets, wage determination, and employment trends.
Public Finance: This course focuses on government spending, taxation, and public policy.
Environmental Economics: This course studies the economic impact of environmental issues, such as pollution and climate change.

What types of specializations are available in an online degree in economics?

It is important to remember that the specific specializations offered may vary depending on the institution and the degree program. You can research the specific programs you're interested in to determine the available specializations and their curriculum.

Undergraduate Specializations:

Financial Economics: This specialization focuses on the economic principles underlying financial markets, including stocks, bonds, and derivatives.
International Economics: This specialization explores the economic interactions between countries, including trade, exchange rates, and global economic policies.
Public Economics: This specialization examines government spending, taxation, and public policy.
Environmental Economics: This specialization analyzes the economic impact of environmental issues, such as pollution and climate change.

Graduate Specializations:

Econometrics: This specialization focuses on the application of statistical methods to economic data.
Health Economics: This specialization analyzes the economic issues related to healthcare, such as health insurance, healthcare costs, and public health policies.
Development Economics: This specialization explores the economic development of low-income countries.
Labor Economics: This specialization analyzes labor markets, wage determination, and employment trends.

How to choose the best online degree in economics?

Choosing the best online economics degree requires careful consideration of several factors to ensure that the program aligns with your educational and career goals. Here are key aspects to evaluate:

Accreditation: Ensure the program is accredited by a recognized body. Accreditation guarantees that the education meets certain quality standards, which is crucial for your degree's value in the job market and salary, similar to getting a high MFA degree salary.
Reputation of the Institution: Research the university's overall reputation and its economics program specifically. Institutions like Penn State University, Florida International University, and Oregon State University are noted for their strong online economics programs.
Curriculum and Specializations: Review the curriculum to ensure it covers essential topics such as microeconomics, macroeconomics, econometrics, and any desired specializations (e.g., financial economics, public policy). A diverse curriculum can enhance your skills and employability.
Flexibility and Format: Consider the program's format (asynchronous vs. synchronous) and flexibility regarding course schedules. Some programs may allow you to complete coursework at your own pace, which can be beneficial if you have other commitments.
Cost and Financial Aid: Compare tuition rates and additional fees across programs. Look for financial aid options, scholarships, or payment plans that can make education more affordable. For instance, tuition rates can vary significantly, with some programs costing around $6,168 for in-state students at Florida International University.
Support Services: Investigate the support services offered to online students, such as academic advising, tutoring, and career services. Programs that provide robust support can enhance your learning experience and help you succeed academically.

What career paths are available for graduates of an online degree in economics?

Graduates with an online degree in economics can explore diverse career paths that leverage their strong analytical and quantitative skills. Beyond traditional roles in finance or government, some professionals also find opportunities in tech-related sectors, where analytical thinking is prized for strategizing and problem solving. In fact, combining economic insight with technical expertise can open doors to some of the easiest information technology jobs, making it a viable option for those seeking less conventional career routes.

Additionally, there are options to pursue affordable doctoral programs in leadership or other graduate programs to elevate your chances in getting high-paying jobs.

Economist: Economists analyze data and trends to forecast economic conditions and provide insights for decision-making in various sectors, including government and private industry.
Data Analyst: This role involves collecting, processing, and analyzing data to help organizations make informed business decisions. Data analysts are in high demand across industries.
Financial Analyst: Financial analysts assess investment opportunities, analyze financial data, and provide recommendations to businesses or individuals regarding financial decisions.
Actuary: Actuaries use mathematics and statistics to assess risk for insurance companies and other organizations, helping them make sound financial decisions.
Policy Analyst: Policy analysts research and evaluate policies to provide recommendations for government or non-profit organizations, focusing on economic impacts.
Market Research Analyst: These professionals study market conditions to understand potential sales of products or services, helping companies make strategic decisions. Market research analysts are one of the best careers to pursue with an economics masters degree.
Investment Banker: Investment bankers assist clients with raising capital by underwriting new debt and equity securities, as well as providing advisory services for mergers and acquisitions.
Management Consultant: Management consultants analyze business problems and provide solutions to improve efficiency and profitability within organizations.

Median annual wages for economists in May 2023 varied across top industries. Economists in scientific research and development services earn $140,940.

How can an online economics degree boost your MBA prospects?

An online economics degree builds a strong foundation in quantitative analysis and strategic thinking—skills that are highly valued in advanced business education. Professionals who leverage these capabilities often pursue further specialization to accelerate their career progression. For instance, combining economic insights with robust management training can provide a competitive edge in strategic decision-making roles. Graduates seeking to broaden their professional opportunities may consider programs such as the most affordable MBA programs, which integrate practical business knowledge with leadership development to prepare students for executive-level challenges.

What is the job market for graduates with an online degree in economics?

The job market for graduates with an online degree in economics is robust and expanding, reflecting a growing demand for professionals equipped with analytical and quantitative skills. Employment opportunities for economists are projected to grow by 5% from 2023 to 2033, significantly faster than the national average for all occupations. This growth is driven by the increasing reliance on data-driven decision-making across various sectors, including finance, government, and consulting. Graduates can pursue diverse roles such as economists, financial analysts, data analysts, and policy analysts, with many positions offering competitive salaries.

Moreover, the skills acquired during an economics program—such as critical thinking, statistical analysis, and economic modeling—are highly transferable and applicable in numerous industries. Graduates often find employment in business and financial services, government agencies, non-profit organizations, and academia. For instance, nearly 96% of graduates from American University’s MA in Economics program are actively employed or pursuing further education. The versatility of an economics degree allows graduates to adapt to various roles within the job market, making them valuable assets to employers.

Are online economics degree programs accredited?

Accreditation is a cornerstone of quality, confirming that a program meets established academic and professional standards. It not only influences credit transferability and eligibility for financial aid but also bolsters employer recognition and career advancement opportunities. When evaluating online economics degree programs, verify that the institution maintains accreditation from a recognized agency. Institutions with formal industry affiliations may offer additional practical insights and opportunities, similar to those available through the fastest online business degree programs.

How does an online economics degree compare in cost to an online MBA?

When evaluating your academic investment, it is crucial to understand how an online economics degree measures up cost-wise against advanced business qualifications. Consider factors such as tuition rates, duration, and ancillary expenses that contribute to the overall investment. A careful cost-benefit analysis can reveal whether the focused scope of an economics degree aligns with your long-term career goals, or if the comprehensive training offered by an MBA better serves your ambitions. For additional perspective, reviewing the cost of an MBA online can provide useful benchmarks for making an informed decision.

Should I start with an affordable online business associate's degree before pursuing an online degree in economics?

For professionals evaluating their academic pathway, beginning with a foundational business credential can establish critical skills for advanced economic study. A preliminary focus on core business practices provides an operational perspective that supports in‐depth analysis in economics. This strategic progression helps students manage academic costs while gaining practical insights into management, operations, and quantitative analysis. Consider reviewing programs such as the affordable online business associate's degree to determine if a sequential approach aligns with your long-term career objectives.

Do employers view online economics degrees as credible?

Research indicates that accredited online economics degrees are increasingly recognized by employers for their rigorous curriculum and flexible learning models. Many organizations evaluate candidates based on a combination of demonstrated analytical skills, practical experience, and supplemental professional development, such as completing affordable executive MBA programs online. Quality certifications, innovative digital learning platforms, and robust alumni success stories further reinforce the credibility of these programs in today's competitive job market.

What is the ROI of an online economics degree?

Evaluating the ROI of an online economics degree involves weighing the upfront cost against long-term income potential and career advancement opportunities. Graduates often experience salary growth that offsets tuition expenses when combined with practical skills acquired through the program. Key factors include tuition fees, opportunity costs, and the degree's role in accessing higher-paying positions. Students can further enhance their competitive edge by supplementing their education with leadership-focused programs, such as the best online MBAs, which integrate advanced management and business strategies.

What challenges might I encounter with an online economics degree?

Online economics programs require strong self-discipline, effective time management, and adaptability to digital learning platforms. Students may face issues such as limited face-to-face interaction and reduced networking opportunities, which can affect collaborative learning and peer support. Leveraging academic resources, engaging in interactive virtual sessions, and joining specialized study groups are vital strategies to overcome these challenges. Additionally, exploring complementary educational opportunities like fast MBA programs online can further develop leadership and decision-making skills essential for career advancement in today’s competitive market.

How can combining my online economics degree with specialized executive programs enhance my career advancement?

Supplementing an online economics degree with targeted executive training can add a strategic edge to your analytical background. Focused executive programs provide intensive leadership development, fostering real-world decision-making and management skills that directly respond to industry demands. This approach bridges the gap between economic theory and practical leadership, positioning graduates for accelerated career progression. For instance, enrolling in a program such as the best 1 year DBA program online offers specialized training that complements your foundational economic knowledge, enhancing your ability to manage complex business challenges and drive organizational success.

How do online economics programs foster lifelong learning and continuous career development?

Online economics degree programs continuously evolve their curriculum and digital platforms to support sustained professional growth. They leverage interactive learning tools, updated content, and virtual seminars that enable graduates to stay aligned with evolving economic trends and technological advances. In parallel, dedicated alumni networks and online communities offer ongoing mentorship and peer collaboration, ensuring that learning extends beyond the classroom. Graduates seeking to enhance their strategic management capabilities may also consider pursuing credentials such as the most affordable AACSB online MBA to broaden their expertise and strengthen leadership skills.

How can an online economics degree support entrepreneurial ventures?

An online economics degree not only develops analytical and quantitative skills but also cultivates a strategic mindset essential for entrepreneurial success. It equips graduates to analyze market trends, assess risks, and make data-driven decisions—capabilities that are vital when launching and managing innovative business models. Moreover, the flexible learning environment of online programs enables students to balance academic pursuits with real-world entrepreneurial projects. For additional insight into how these academic skills can open up new business opportunities, explore our guide on careers with entrepreneurship degree.

Here's what graduates have to say about their online degree in economics

"Studying for my online economics degree was a game-changer. The flexibility allowed me to balance work, family, and education. The engaging online courses and supportive professors made learning enjoyable and effective. This degree has opened doors to exciting career opportunities that I never thought were possible.” - Tom

"I was initially skeptical about online learning, but my online economics degree proved me wrong. The interactive discussions and collaborative projects with classmates from around the world broadened my perspective. The practical applications of economic theories in real-world scenarios prepared me for the challenges of the professional world.” - Cara

"The convenience of an online economics degree was a major factor in my decision. I could study at my own pace and access course materials anytime, anywhere. The online platform provided a wealth of resources, including video lectures, quizzes, and discussion forums. This degree has not only enhanced my knowledge but also boosted my confidence." - Nate

Key Findings

Professionals with an economics degree earn a median salary of around $60,000 to $75,000 per year.
In more senior roles, you could earn over $100,000 annually.
A master's degree can be completed in about 20 months.
Most online bachelor's degree programs in economics require around 120 credits.
The completion time for part-time students may extend to five years or more.

Other Things You Should Know About Online Degrees in Economics

Is BS in economics worth it?

Yes, a BS in Economics can be a worthwhile investment. It equips you with strong analytical and problem-solving skills, opening doors to diverse career paths in finance, consulting, government, and academia. Economics graduates often secure well-paying jobs due to their ability to analyze data, make informed decisions, and understand market trends. To maximize the value of your degree, actively seek internships, master quantitative skills, network with professionals, and stay updated on economic trends. Consider further education, such as a graduate degree, to enhance your career prospects.

What is the highest paying job with an economics degree?

The highest-paying job for economics graduates often lies in finance and investment banking. Positions such as investment banking analyst or portfolio manager can offer substantial salaries, especially with experience and advanced degrees. However, the exact salary can vary significantly based on factors like location, company size, and individual performance. Other high-paying options include roles in management consulting, data science, and quantitative finance. Ultimately, the earning potential of an economics degree depends on the specific career path chosen, the level of expertise, and the industry.

Is economics a lot of math?

Yes, economics does involve a fair amount of math. While it's not as math-intensive as fields like engineering or physics, economics relies heavily on mathematical and statistical analysis to model economic behavior and make predictions. You'll likely encounter courses that require a solid understanding of calculus, statistics, and linear algebra. However, the level of math required varies depending on the specific field of economics and the depth of study. Some areas, like behavioral economics or economic history, may require less math, while others, like econometrics or financial economics, are more quantitative.

Does economics have a board exam?

No, there isn't a specific board exam for economics graduates in the Philippines. Unlike professions like accounting, engineering, or law, economics doesn't have a regulatory board that mandates a licensing exam.

However, while there isn't a specific board exam, economics graduates often pursue certifications that can enhance their career prospects. For instance, certifications like Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) can be highly beneficial for those working in finance and accounting.

References:

Aarons, A. (N.D.). What is better: a B.A. or a B.S. in economics? https://education.seattlepi.com/better-ba-bs-economics-2704.html.
U.S. Bureau of Labor Statistics. (2023, April 25). 15-2051 Data Scientists. Bureau of Labor Statistics. Retrieved January 15, 2024, from https://www.bls.gov/oes/current/oes152051.htm
U.S. Bureau of Labor Statistics. (2023, April 25). 19-3011 Economists. Bureau of Labor Statistics. Retrieved January 15, 2024, from https://www.bls.gov/oes/current/oes193011.htm
U.S. Bureau of Labor Statistics. (2023, September 6). Financial Analysts : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics. Retrieved January 13, 2024, from https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm
Zippia. (2023, July 21). Best Colleges and Degrees For Economists. Zippia. Retrieved January 15, 2024, from https://www.zippia.com/economist-jobs/education