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MBA Programs in Economics
Tuition, ROI, Graduate Salary, GMAT Requirements

10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank

$39,144

Average Tuition – Economics MBA Programs

$80,504

Average Starting Salary – Economics MBA Programs

563

Average GMAT Scores – Economics MBA Programs

198%

Average ROI – Finance MBA Programs

Executive Summary for MBA Programs in Economics MBA Programs

The ranking team at MBAGuide.org, evaluated 218 Economics MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Economics MBA, compare schools, find states and cities where the degree is offered.

  • Starting salary for new MBA graduates in Economics is between $39,900 and $182,272 with an average of $80,504.
  • Campus tuition in for Economics MBAs ranges between $7,458 to $179,852, with an average total tuition cost of $39,144
  • ROI for campus MBA programs in Economics ranges between -39% to 1,033%, with an average ROI return of 198%
  • A GMAT score between 318 and 737 with an average of 563 is needed for acceptance into an MBA program in Economics.
  • There are 218 campus and 172 online MBA Economics Programs.
  • Average student enrollment varies between 6 and 1,770 with an overall average of 236.
  • Student / Faculty Ratio for MBA programs offering a Economics concentration varies between 2:1 and 37:1 with an average of 16:1 students.
  • 215 MBA programs in Economics are ranked by the following institutions MBAGuide: 195, US News: 30, Forbes: 22, BW: 22, FT: 15 and Economist: 16.
  1. Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 218 AACSB-accredited campus MBA programs in Economics to find the top programs in the country.
  2. Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
  3. Detailed school profiles of Economics MBA programs their strengths, faculty expertise, alumni networks to help align your program choice

Best 10 MBA Programs in Economics

Harvard University

Harvard Business School

Location:

  • Boston

,

  • MA

Control: Private for-profit

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $149,820
  • Graduate Salary: $175,000
  • Graduate ROI: 17%
  • GMAT Required: Yes
  • Avg. GMAT: 730
  • Student / Faculty Ratio: 7:1
  • Enrollment: 1945

Degree Level(s):

  • Doctoral
  • ·
  • MBA

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 24
  • Consulting
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Ethics
  • Finance
  • General Business
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Nonprofit
  • Organizational Behavior
  • Public Administration
  • Real Estate
  • Science and Technology
  • Sports Management
  • Statistics
  • Supply Chain
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 3
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Northwestern University

Kellogg School of Management

Location:

  • Evanston

,

  • IL

Control: Private for-profit

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $162,030
  • Graduate Salary: $175,000
  • Graduate ROI: 8%
  • GMAT Required: Yes
  • Avg. GMAT: 729
  • Student / Faculty Ratio: 8:1
  • Enrollment: 3074

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • MBA

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 20
  • Accounting
  • Communications
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Finance
  • Financial Management
  • General Business
  • Healthcare Administration
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Organizational Behavior
  • Public Administration
  • Real Estate
  • Science and Technology
  • Statistics
  • Sustainability
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 6
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of South Carolina

Darla Moore School of Business

Location:

  • Columbia

,

  • SC

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $26,485
  • Graduate Salary: $97,819
  • Graduate ROI: 269%
  • GMAT Required: Yes
  • Avg. GMAT: 670
  • Student / Faculty Ratio: 17:1
  • Enrollment: 6369

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 19
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • Information Systems
  • Insurance
  • International Business
  • Management
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Other
  • Real Estate
  • Supply Chain
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 11
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Columbia University

Columbia Business School

Location:

  • New York

,

  • NY

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $176,600
  • Graduate Salary: $162,099
  • Graduate ROI: -8%
  • GMAT Required: Yes
  • Avg. GMAT: 732
  • Student / Faculty Ratio: 6:1
  • Enrollment: 4036

Degree Level(s):

  • Doctorial
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 13
  • Accounting
  • Economics
  • Entrepreneurship
  • Ethics
  • Healthcare Administration
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Nonprofit
  • Operations Management
  • Real Estate
  • Science and Technology
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 15
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

The University of Iowa

Tippie College of Business

Location:

  • Iowa City

,

  • IA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $23,453
  • Graduate Salary: $112,820
  • Graduate ROI: 381%
  • GMAT Required: Optional
  • Avg. GMAT: 650
  • Student / Faculty Ratio: 17:1
  • Enrollment: 5226

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 15
  • Accounting
  • Communications
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Information Systems
  • Insurance
  • International Business
  • Leadership
  • Management
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 21
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Stanford University

Graduate School of Business

Location:

  • Stanford

,

  • CA

Control: Private

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $165,591
  • Graduate Salary: $182,272
  • Graduate ROI: 10%
  • GMAT Required: Yes
  • Avg. GMAT: 737
  • Student / Faculty Ratio: 4:1
  • Enrollment: 1090

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 11
  • Accounting
  • Corporate Finance
  • Economics
  • Education
  • Finance
  • General Business
  • Insurance
  • Management
  • Marketing
  • Organizational Behavior
  • Other
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 22
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of California, Berkeley

Haas School of Business

Location:

  • Berkeley

,

  • CA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $139,628
  • Graduate Salary: $152,831
  • Graduate ROI: 9%
  • GMAT Required: Yes
  • Avg. GMAT: 729
  • Student / Faculty Ratio: 19:1
  • Enrollment: 3068

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Evenings
  • ·
  • Full-Time
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 22
  • Consulting
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Ethics
  • Finance
  • General Business
  • Healthcare Administration
  • Information Systems
  • International Business
  • Leadership
  • Management
  • Manufacturing
  • Marketing
  • Nonprofit
  • Operations Management
  • Public Administration
  • Quantitative Methods
  • Real Estate
  • Science and Technology
  • Supply Chain
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 3
  • National Rank: 23
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Pennsylvania

The Wharton School

Location:

  • Philadelphia

,

  • PA

Control: Private for-profit

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $179,852
  • Graduate Salary: $166,391
  • Graduate ROI: -7%
  • GMAT Required: Yes
  • Avg. GMAT: 733
  • Student / Faculty Ratio: 8:1
  • Enrollment: 3468

Degree Level(s):

  • Doctoral
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Full-Time
  • Concentrations: 10
  • Accounting
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • Healthcare Administration
  • Insurance
  • Management
  • Public Administration
  • Sustainability
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 26
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Florida

Warrington College of Business

Location:

  • Gainesville

,

  • FL

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $26,473
  • Graduate Salary: $117,197
  • Graduate ROI: 343%
  • GMAT Required: Yes
  • Avg. GMAT: 690
  • Student / Faculty Ratio: 33:1
  • Enrollment: 8008

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 16
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • International Business
  • Management
  • Marketing
  • Operations Management
  • Real Estate
  • Supply Chain
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 30
  • Online Rank: 13
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Carnegie Mellon University

Tepper School of Business

Location:

  • Pittsburgh

,

  • PA

Control: Private

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $147,456
  • Graduate Salary: $148,067
  • Graduate ROI: 0%
  • GMAT Required: Yes
  • Avg. GMAT: 702
  • Student / Faculty Ratio: 9:1
  • Enrollment: 1924

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 16
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Energy
  • Finance
  • General Business
  • Information Systems
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Other
  • Product Management
  • Quantitative Methods
  • Science and Technology
  • Sustainability
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 31
  • Online Rank: 14
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Interactive Table of the Best Ranked MBA Programs in Economics

Easily sort the interactive table below to find the best Economics MBA programs by RankSchool NameROITuitionAverage Starting Salary, and Campus or Online to find and to compare MBA programs in Economics. Click on any school for a comprehensive school profile.

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 Harvard University 17.00% $149,820 $175,000MANo
2 Northwestern University 8.00% $162,030 $175,000ILNo
3 University of South Carolina 269.00% $26,485 $97,819SCNo
4 Columbia University -8.00% $176,600 $162,099NYNo
5 The University of Iowa 381.00% $23,453 $112,820IANo
6 Stanford University 10.00% $165,591 $182,272CANo
7 University of California, Berkeley 9.00% $139,628 $152,831CANo
8 University of Pennsylvania -7.00% $179,852 $166,391PANo
9 University of Florida 343.00% $26,473 $117,197FLYes
10 Carnegie Mellon University -0 $147,456 $148,067PAYes
11 Boston University -3.00% $124,248 $120,884MAYes
12 University of Hartford 213.00% $30,168 $94,500CTYes
13 Cornell University -3.00% $159,820 $155,048NYNo
14 University of Tennessee at Knoxville 161.00% $38,875 $101,400TNYes
15 Washington University in St. Louis -12.00% $134,020 $117,687MOYes
16 Arizona State University 106.00% $60,393 $124,664AZYes
17 Baruch College-The City University of New York 218.00% $37,338 $118,633NYYes
18 Santa Clara University 45.00% $83,860 $122,000CAYes
19 Temple University 60.00% $60,000 $95,989PAYes
20 University of Cincinnati 263.00% $23,996 $87,013OHYes
21 University of Delaware 105.00% $39,954 $82,000DEYes
22 Lehigh University 39.00% $68,900 $95,699PANo
23 Georgia State University 156.00% $36,522 $93,600GAYes
24 The Ohio State University 1.00% $106,123 $106,779OHYes
25 Brandeis University -9.00% $120,223 $109,000MANo
26 The University of Arizona 96.00% $54,785 $107,345AZYes
27 The University of Memphis 216.00% $23,688 $74,800TNYes
28 Villanova University 95.00% $60,000 $116,800PAYes
29 University of Miami 19.00% $92,290 $109,555FLYes
30 Middle Tennessee State University 233.00% $26,712 $89,000TNYes
31 Xavier University 158.00% $34,200 $88,100OHYes
32 University of Nevada, Las Vegas 331.00% $21,784 $93,820NVYes
33 Baylor University -8.00% $85,692 $79,176TXYes
34 University of Nebraska-Lincoln 185.00% $32,400 $92,300NEYes
35 Miami University -32.00% $136,342 $92,700OHYes
36 Loyola University Chicago 21.00% $73,375 $89,000ILNo
37 University of Oklahoma 146.00% $33,306 $81,793OKYes
38 University of San Diego 46.00% $69,610 $101,333CAYes
39 The University of Alabama 161.00% $28,377 $74,060ALYes
40 Iowa State University 152.00% $29,966 $75,552IAYes
41 Tennessee State University 1,033.00% $9,452 $107,108TNYes
42 The University of Texas at Arlington 250.00% $22,504 $78,800TXYes
43 Suffolk University 35.00% $59,391 $80,455MAYes
44 The University of Tulsa 62.00% $51,516 $83,700OKYes
45 Elon University 96.00% $42,237 $82,600NCNo
46 Drexel University 47.00% $59,241 $87,061PAYes
47 University of Richmond 11.00% $72,000 $79,683VANo
48 Ball State University 260.00% $21,197 $76,400INYes
49 Dominican University 253.00% $32,004 $113,000ILYes
50 Chapman University -22.00% $97,750 $76,368CANo
51 University of Dayton 227.00% $33,600 $109,932OHYes
52 Clarkson University 19.00% $59,032 $70,017NYYes
53 Bentley University 29.00% $67,080 $86,822MANo
54 Oklahoma City University 198.00% $27,175 $81,000OKYes
55 Fairfield University 56.00% $41,580 $64,800CTYes
56 Seton Hall University 36.00% $57,225 $78,081NJYes
57 Marquette University 95.00% $46,620 $90,700WIYes
58 University of Scranton 136.00% $34,740 $82,100PAYes
59 California State University, Los Angeles 349.00% $22,052 $99,100CANo
60 James Madison University 22.00% $75,600 $92,100VAYes
61 Georgia Southern University 615.00% $9,824 $70,200GAYes
62 The University of Texas at El Paso 156.00% $20,634 $52,900TXYes
63 University of Central Oklahoma 588.00% $9,068 $62,400OKYes
64 Siena College 137.00% $34,200 $81,000NYNo
65 Seattle University 64.00% $53,130 $87,000WAYes
66 John Carroll University 101.00% $32,356 $65,000OHYes
67 Texas State University 563.00% $23,365 $155,000TXNo
68 North Carolina State University 72.00% $55,732 $95,606NCYes
69 Saint Louis University 104.00% $37,470 $76,282MONo
70 University of Kentucky 71.00% $39,449 $67,579KYYes
71 University of Arkansas 125.00% $35,527 $79,911ARYes
72 The College of New Jersey 78.00% $50,482 $90,000NJNo
73 Mississippi State University 645.00% $12,294 $91,600MSYes
74 Virginia Commonwealth University 141.00% $34,172 $82,232VAYes
75 Illinois Institute of Technology 22.00% $67,690 $82,352ILYes
76 Oakland University 187.00% $30,024 $86,300MIYes
77 California Polytechnic State University, San Luis Obispo 312.00% $27,462 $113,151CANo
78 Oklahoma State University 280.00% $19,295 $73,300OKYes
79 Governors State University 436.00% $13,788 $73,900ILYes
80 Central Michigan University 246.00% $27,300 $94,350MIYes
81 University of Missouri 86.00% $45,000 $83,500MOYes
82 California State University, Fresno 228.00% $27,000 $88,500CANo
83 University of North Carolina at Charlotte 122.00% $37,946 $84,260NCYes
84 Ramapo College of New Jersey 111.00% $46,892 $99,100NJYes
85 Midwestern State University 273.00% $14,174 $52,872TXYes
86 Missouri State University 313.00% $15,108 $62,400MOYes
87 Butler University 51.00% $39,000 $59,000INYes
88 University of the District of Columbia 225.00% $30,765 $100,000DCNo
89 Boise State University 224.00% $21,932 $71,088IDYes
90 Wright State University 310.00% $28,080 $115,000OHYes
91 Dominican University of California 220.00% $35,310 $113,000CAYes
92 Whitworth University 85.00% $34,560 $64,050WAYes
93 Florida Atlantic University 117.00% $36,000 $78,220FLYes
94 University of Alabama in Huntsville 230.00% $21,483 $71,000ALYes
95 Creighton University 96.00% $33,234 $65,000NEYes
96 Weber State University 326.00% $19,908 $84,900UTYes
97 San Francisco State University 174.00% $28,000 $76,600CANo
98 University of Tennessee at Martin 417.00% $11,112 $57,450TNYes
99 The Pennsylvania State University at Erie 57.00% $60,972 $95,600PAYes
100 Saginaw Valley State University 373.00% $21,649 $102,450MIYes

An MBA program in Economics will cost you between $7,458.00 to $179,852.00.

  • Number of Programs Offering Economics MBAs: 218
  • Average GMAT Score for Economics MBA Programs: 563
  • Average In-State Tuition for Economics MBA Programs: $39,143.74
  • Average Graduate Salary for Economics MBA Programs: $80,504
  • Average ROI for Economics MBA Programs: 198%

Compare Economics MBA Program Averages vs Campus

 AveragesMBA ProgramsOnline MBA Programs
Number of Programs218172
Average Starting Salary$80,504$76,553
Average MBA Tuition$39,144
$33,271
Average ROI198%216%
Average GMAT Scores563
559
Average Full-Time MBA Faculty7575
Average MBA Student Faculty Ratio16:117:1
Faculty with Doctorate84%84%
Average Full-Time MBA Enrollment236246
Average Part-Time MBA Enrollment322349
Average % of MBA Students from U.S.84%84%

Read about our ranking methodology.

What is the Average MBA Salary for Economics Graduates?

Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Economics can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.

MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Grambling State University, the average MBA graduate annual salary is $39,900 . A degree from Stanford University, will provide an annual salary of $182,272.

Average MBA starting salary for graduates from accredited programs is $80,504 with the lowest of starting of $39,900 and the highest reported starting salary of $182,272.

Average Graduate Salaries for In-Person Economics MBA Programs

  • Average Economics: $80,504
  • Lowest Economics: $39,900
  • Highest Economics: $182,272

10 Highest Salaries for In-Person MBA Graduates in Economics

  1. Stanford University - $182,272.00
  2. Harvard University - $175,000.00
  3. Northwestern University - $175,000.00
  4. University of Pennsylvania - $166,391.00
  5. Columbia University - $162,099.00
  6. Cornell University - $155,048.00
  7. Texas State University - $155,000.00
  8. University of California, Berkeley - $152,831.00
  9. Carnegie Mellon University - $148,067.00
  10. Arizona State University - $124,664.00

10 Lowest Salaries for In-Person MBA Graduates in Economics

  1. Grambling State University - $39,900.00
  2. Francis Marion University - $42,600.00
  3. Western Carolina University - $44,100.00
  4. The University of North Dakota - $46,200.00
  5. Millsaps College - $46,750.00
  6. Louisiana Tech University - $46,771.00
  7. University of South Dakota - $47,553.00
  8. Alabama A&M University - $48,200.00
  9. University of South Alabama - $49,200.00
  10. Colorado State University-Pueblo - $49,500.00

Average Salary for Graduate of MBA Programs in Economics Programs – Interactive Table

Easily sort the interactive table below to find the best Economics MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Economics. Click on any school for a comprehensive school profile.

Rank University Avg. Starting SalaryIn State TuitionROIStateOnline
1 Grambling State University $39,900 $8,460 372.00%LANo
2 Francis Marion University $42,600 $15,918 168.00%SCYes
3 Western Carolina University $44,100 $13,967 216.00%NCYes
4 The University of North Dakota $46,200 $19,793 133.00%NDYes
5 Millsaps College $46,750 $36,072 30.00%MSYes
6 Louisiana Tech University $46,771 $16,518 183.00%LAYes
7 University of South Dakota $47,553 $14,892 219.00%SDYes
8 Alabama A&M University $48,200 $17,313 178.00%ALYes
9 University of South Alabama $49,200 $14,400 242.00%ALYes
10 Colorado State University-Pueblo $49,500 $24,168 105.00%COYes
11 Ohio University $49,598 $21,438 131.00%OHYes
12 University of Louisiana at Lafayette $51,200 $31,281 64.00%LAYes
13 Kent State University $52,337 $19,908 163.00%OHYes
14 East Tennessee State University $52,400 $13,280 295.00%TNYes
15 Coastal Carolina University $52,500 $18,460 184.00%SCYes
16 Pittsburg State University $52,600 $13,785 282.00%KSYes
17 Midwestern State University $52,872 $14,174 273.00%TXYes
18 The University of Texas at El Paso $52,900 $20,634 156.00%TXYes
19 University of Central Arkansas $53,700 $11,239 378.00%ARYes
20 Berry College $53,850 $21,000 156.00%GANo
21 Bowling Green State University $53,853 $27,200 98.00%OHYes
22 Loyola University New Orleans $55,290 $37,980 46.00%LAYes
23 Nichols College $55,392 $28,440 95.00%MAYes
24 Jackson State University $55,900 $14,490 286.00%MSYes
25 State University of New York College at Brockport $55,950 $15,000 273.00%NYYes
26 Marshall University $56,200 $19,170 193.00%WVYes
27 University of West Florida $57,200 $12,460 359.00%FLYes
28 University of Tennessee at Martin $57,450 $11,112 417.00%TNYes
28 Bradley University $57,450 $35,740 61.00%ILNo
30 Samford University $58,400 $33,264 76.00%ALYes
31 Butler University $59,000 $39,000 51.00%INYes
32 Southeast Missouri State University $59,400 $13,804 330.00%MOYes
33 Southern Illinois University Carbondale $59,600 $21,972 171.00%ILYes
34 Florida Gulf Coast University $59,700 $13,428 345.00%FLYes
34 Niagara University $59,700 $40,800-0NYYes
35 Salisbury University $59,700 $20,792 187.00%MDYes
37 University of West Georgia $59,800 $15,125 295.00%GAYes
38 St. Bonaventure University $59,900 $37,380 60.00%NYYes
39 University of Puerto Rico at Rio Piedras $60,000 $13,926 331.00%PRYes
39 Texas A&M University-Corpus Christi $60,000 $17,997 233.00%TXYes
41 Loyola University Maryland $60,182 $59,950-0MDNo
42 Indiana University South Bend $60,300 $7,458 709.00%INYes
42 St. Edward's University $60,300 $45,582 32.00%TXYes
44 The University of Mississippi $60,977 $25,914 135.00%MSYes
45 Troy University $61,000 $15,675 289.00%ALYes
46 Slippery Rock University $61,100 $25,318 141.00%PAYes
46 Le Moyne College $61,100 $35,952 70.00%NYNo
48 Clark University $61,367 $59,080 4.00%MAYes
49 West Virginia University $61,847 $24,273 155.00%WVYes
50 Western Kentucky University $62,000 $12,600 392.00%KYYes

What is the Average In-Person MBA Tuition for Economics Programs?


If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.

The average in-state tuition for an MBA in Economics is $39,143.74 compared to an average campus program Economics is $39,143.74 .

The lowest AACSB tuition rate at $7,458.00 from Indiana University Northwest.

The highest AACSB tuition rate is $179,852.00 from University of Pennsylvania.

Average Tuition for In-Person MBA Programs in Economics

10 Most Affordable MBA Programs in Economics

  1. Indiana University Northwest - $7,458.00
  2. Indiana University South Bend - $7,458.00
  3. Grambling State University - $8,460.00
  4. University of Central Oklahoma - $9,068.00
  5. Tennessee State University - $9,452.00
  6. Georgia Southern University - $9,824.00
  7. Columbus State University - $9,855.00
  8. New Mexico State University - $10,314.00
  9. East Texas A&M University - $10,724.00
  10. University of Tennessee at Martin - $11,112.00

10 Most Expensive MBA Programs in Economics

  1. University of Pennsylvania - $179,852.00
  2. Columbia University - $176,600.00
  3. Stanford University - $165,591.00
  4. Northwestern University - $162,030.00
  5. Cornell University - $159,820.00
  6. Harvard University - $149,820.00
  7. Carnegie Mellon University - $147,456.00
  8. University of California, Berkeley - $139,628.00
  9. Miami University - $136,342.00
  10. Washington University in St. Louis - $134,020.00

Interactive Table – Tuition for MBA Programs in Economics Programs

Easily sort the interactive table below to find the best Economics MBA programs by Tuition to find and to compare MBA programs in Economics. Click on any school for a comprehensive school profile.

Rank University In State TuitionAvg. Starting SalaryROIStateOnline
1 Indiana University Northwest $7,458 $75,000 906.00%INYes
1 Indiana University South Bend $7,458 $60,300 709.00%INYes
3 Grambling State University $8,460 $39,900 372.00%LANo
4 University of Central Oklahoma $9,068 $62,400 588.00%OKYes
5 Tennessee State University $9,452 $107,108 1,033.00%TNYes
6 Georgia Southern University $9,824 $70,200 615.00%GAYes
7 Columbus State University $9,855 $74,000 651.00%GAYes
8 New Mexico State University $10,314 $73,500 613.00%NMYes
9 East Texas A&M University $10,724 $81,000 655.00%TXYes
10 University of Tennessee at Martin $11,112 $57,450 417.00%TNYes
11 University of Central Arkansas $11,239 $53,700 378.00%ARYes
12 Stephen F. Austin State University $11,630 $65,950 467.00%TXYes
13 Angelo State University $12,251 $81,000 561.00%TXYes
14 Mississippi State University $12,294 $91,600 645.00%MSYes
15 University of West Florida $12,460 $57,200 359.00%FLYes
16 Western Kentucky University $12,600 $62,000 392.00%KYYes
17 East Tennessee State University $13,280 $52,400 295.00%TNYes
18 University of Nebraska at Kearney $13,293 $73,150 450.00%NEYes
19 Idaho State University $13,392 $69,600 420.00%IDYes
20 Florida Gulf Coast University $13,428 $59,700 345.00%FLYes
21 Youngstown State University $13,500 $64,400 377.00%OHYes
22 Pittsburg State University $13,785 $52,600 282.00%KSYes
23 Governors State University $13,788 $73,900 436.00%ILYes
24 Southeast Missouri State University $13,804 $59,400 330.00%MOYes
25 Tarleton State University $13,865 $81,926 491.00%TXYes
26 University of Puerto Rico at Rio Piedras $13,926 $60,000 331.00%PRYes
27 Western Carolina University $13,967 $44,100 216.00%NCYes
28 Midwestern State University $14,174 $52,872 273.00%TXYes
29 University of South Alabama $14,400 $49,200 242.00%ALYes
30 Jackson State University $14,490 $55,900 286.00%MSYes
31 University of Illinois at Springfield $14,833 $68,300 360.00%ILYes
32 University of South Dakota $14,892 $47,553 219.00%SDYes
33 State University of New York College at Brockport $15,000 $55,950 273.00%NYYes
34 Missouri State University $15,108 $62,400 313.00%MOYes
35 University of West Georgia $15,125 $59,800 295.00%GAYes
36 Western Illinois University $15,231 $67,800 345.00%ILYes
37 Troy University $15,675 $61,000 289.00%ALYes
38 Francis Marion University $15,918 $42,600 168.00%SCYes
39 Radford University $15,984 $91,600 473.00%VAYes
40 University of Alabama at Birmingham $16,200 $75,000 363.00%ALYes
41 Louisiana Tech University $16,518 $46,771 183.00%LAYes
42 Frostburg State University $16,740 $83,700 400.00%MDYes
43 Purdue University Fort Wayne $16,756 $77,400 362.00%INYes
44 Alabama A&M University $17,313 $48,200 178.00%ALYes
45 Southern Connecticut State University $17,432 $67,435 287.00%CTYes
46 Appalachian State University $17,463 $63,285 262.00%NCYes
47 University of Nebraska at Omaha $17,493 $89,200 410.00%NEYes
48 The University of Texas Rio Grande Valley $17,745 $65,600 270.00%TXYes
49 University of North Florida $17,767 $62,014 249.00%FLNo
50 Texas A&M University-Corpus Christi $17,997 $60,000 233.00%TXYes

What is the Average ROI for MBA Programs in Economics?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

For MBA programs in across the U.S., the ROI ranges from -39% to 1,033%.The lowest MBA ROI of -39% is from the program at The University of Tampa.The highest MBA ROI of 1,033% is offered by Tennessee State University.On average, MBA programs across the U.S. have an ROI of 186%.

Interactive Table – ROI for MBA Programs in Economics Programs

Easily sort the interactive table below to find the best Economics MBA programs by ROI to find and to compare MBA programs in Economics. Click on any school for a comprehensive school profile.

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 Tennessee State University 1,033.00% $9,452 $107,108TNYes
2 Indiana University Northwest 906.00% $7,458 $75,000INYes
3 Indiana University South Bend 709.00% $7,458 $60,300INYes
4 East Texas A&M University 655.00% $10,724 $81,000TXYes
5 Columbus State University 651.00% $9,855 $74,000GAYes
6 Mississippi State University 645.00% $12,294 $91,600MSYes
7 Georgia Southern University 615.00% $9,824 $70,200GAYes
8 New Mexico State University 613.00% $10,314 $73,500NMYes
9 University of Central Oklahoma 588.00% $9,068 $62,400OKYes
10 Texas State University 563.00% $23,365 $155,000TXNo
11 Angelo State University 561.00% $12,251 $81,000TXYes
12 Tarleton State University 491.00% $13,865 $81,926TXYes
13 Radford University 473.00% $15,984 $91,600VAYes
14 Stephen F. Austin State University 467.00% $11,630 $65,950TXYes
15 University of Nebraska at Kearney 450.00% $13,293 $73,150NEYes
16 Governors State University 436.00% $13,788 $73,900ILYes
17 Idaho State University 420.00% $13,392 $69,600IDYes
18 University of Tennessee at Martin 417.00% $11,112 $57,450TNYes
19 University of Nebraska at Omaha 410.00% $17,493 $89,200NEYes
20 Frostburg State University 400.00% $16,740 $83,700MDYes
21 Western Kentucky University 392.00% $12,600 $62,000KYYes
22 The University of Iowa 381.00% $23,453 $112,820IANo
23 University of Central Arkansas 378.00% $11,239 $53,700ARYes
24 Youngstown State University 377.00% $13,500 $64,400OHYes
25 Saginaw Valley State University 373.00% $21,649 $102,450MIYes
26 Grambling State University 372.00% $8,460 $39,900LANo
27 Jacksonville State University 370.00% $20,352 $95,570ALYes
28 University of Alabama at Birmingham 363.00% $16,200 $75,000ALYes
29 Purdue University Fort Wayne 362.00% $16,756 $77,400INYes
30 University of Illinois at Springfield 360.00% $14,833 $68,300ILYes
31 University of West Florida 359.00% $12,460 $57,200FLYes
32 California State University, Los Angeles 349.00% $22,052 $99,100CANo
33 Florida Gulf Coast University 345.00% $13,428 $59,700FLYes
33 Western Illinois University 345.00% $15,231 $67,800ILYes
35 University of Florida 343.00% $26,473 $117,197FLYes
36 University of Nevada, Las Vegas 331.00% $21,784 $93,820NVYes
36 University of Puerto Rico at Rio Piedras 331.00% $13,926 $60,000PRYes
38 Southeast Missouri State University 330.00% $13,804 $59,400MOYes
38 West Chester University of PA 330.00% $21,091 $90,600PAYes
40 Weber State University 326.00% $19,908 $84,900UTYes
41 Missouri State University 313.00% $15,108 $62,400MOYes
42 California Polytechnic State University, San Luis Obispo 312.00% $27,462 $113,151CANo
43 Wright State University 310.00% $28,080 $115,000OHYes
44 East Tennessee State University 295.00% $13,280 $52,400TNYes
44 University of West Georgia 295.00% $15,125 $59,800GAYes
46 Troy University 289.00% $15,675 $61,000ALYes
47 Southern Connecticut State University 287.00% $17,432 $67,435CTYes
48 Jackson State University 286.00% $14,490 $55,900MSYes
49 Pittsburg State University 282.00% $13,785 $52,600KSYes
50 Oklahoma State University 280.00% $19,295 $73,300OKYes
51 Kennesaw State University 279.00% $19,000 $72,000GAYes
52 Midwestern State University 273.00% $14,174 $52,872TXYes
52 State University of New York College at Brockport 273.00% $15,000 $55,950NYYes
54 The University of Texas Rio Grande Valley 270.00% $17,745 $65,600TXYes
55 University of South Carolina 269.00% $26,485 $97,819SCNo
56 University of Cincinnati 263.00% $23,996 $87,013OHYes
57 Appalachian State University 262.00% $17,463 $63,285NCYes
58 Washburn University 260.00% $18,080 $65,000KSNo
58 Ball State University 260.00% $21,197 $76,400INYes
60 Dominican University 253.00% $32,004 $113,000ILYes
61 University of Wyoming 252.00% $26,460 $93,010WYYes
62 The University of Texas at Arlington 250.00% $22,504 $78,800TXYes
62 University of Arkansas at Little Rock 250.00% $18,071 $63,300ARYes
64 University of North Florida 249.00% $17,767 $62,014FLNo
65 Central Michigan University 246.00% $27,300 $94,350MIYes
66 University of South Alabama 242.00% $14,400 $49,200ALYes
67 Texas A&M University-Corpus Christi 233.00% $17,997 $60,000TXYes
67 Middle Tennessee State University 233.00% $26,712 $89,000TNYes
69 University of Alabama in Huntsville 230.00% $21,483 $71,000ALYes
70 California State University, Fresno 228.00% $27,000 $88,500CANo
71 University of Dayton 227.00% $33,600 $109,932OHYes
71 Sam Houston State University 227.00% $21,147 $69,200TXYes
73 University of the District of Columbia 225.00% $30,765 $100,000DCNo
74 Boise State University 224.00% $21,932 $71,088IDYes
75 State University of New York College at Oneonta 223.00% $25,064 $81,000NYNo
75 Western Michigan University 223.00% $29,377 $95,000MIYes
77 Dominican University of California 220.00% $35,310 $113,000CAYes
78 University of South Dakota 219.00% $14,892 $47,553SDYes
79 The University of Texas at San Antonio 218.00% $24,512 $78,000TXYes
79 Baruch College-The City University of New York 218.00% $37,338 $118,633NYYes
81 Western Carolina University 216.00% $13,967 $44,100NCYes
81 The University of Memphis 216.00% $23,688 $74,800TNYes
83 Georgia College & State University 213.00% $22,970 $71,800GAYes
83 University of Hartford 213.00% $30,168 $94,500CTYes
85 University of Alaska Anchorage 210.00% $22,161 $68,700AKYes
86 Drake University 208.00% $25,848 $79,500IAYes
87 University of Tennessee at Chattanooga 207.00% $25,788 $79,043TNNo
88 University of Wisconsin Oshkosh 200.00% $29,168 $87,400WIYes
88 University of Wisconsin-Whitewater 200.00% $26,000 $78,000WIYes
90 Oklahoma City University 198.00% $27,175 $81,000OKYes
91 Palm Beach Atlantic University 197.00% $25,920 $77,035FLNo
92 William Paterson University 196.00% $23,820 $70,500NJYes
93 Marshall University 193.00% $19,170 $56,200WVYes
94 Salisbury University 187.00% $20,792 $59,700MDYes
94 Oakland University 187.00% $30,024 $86,300MIYes
96 University of Nebraska-Lincoln 185.00% $32,400 $92,300NEYes
96 University of Wisconsin-Eau Claire 185.00% $29,700 $84,700WIYes
98 Coastal Carolina University 184.00% $18,460 $52,500SCYes
99 Louisiana Tech University 183.00% $16,518 $46,771LAYes
100 Western Connecticut State University 182.00% $28,638 $80,850CTYes

ROI for MBA Programs

  • Average: 186%
  • Lowest: -39%
  • Highest: 1,033%

10 Highest ROI for MBA Programs in Economics

  1. Tennessee State University - 1,033.00%
  2. Indiana University Northwest - 906.00%
  3. Indiana University South Bend - 709.00%
  4. East Texas A&M University - 655.00%
  5. Columbus State University - 651.00%
  6. Mississippi State University - 645.00%
  7. Georgia Southern University - 615.00%
  8. New Mexico State University - 613.00%
  9. University of Central Oklahoma - 588.00%
  10. Texas State University - 563.00%

10 Lowest ROI for MBA Programs in Economics

  1. The Ohio State University - 1.00%
  2. Clark University - 4.00%
  3. Northwestern University - 8.00%
  4. University of California, Berkeley - 9.00%
  5. Stanford University - 10.00%
  6. University of Richmond - 11.00%
  7. Harvard University - 17.00%
  8. Belmont University - 19.00%
  9. University of Miami - 19.00%
  10. Clarkson University - 19.00%

What is the Average GMAT Score Needed for an MBA Program in Economics?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Economics is 563 with a highest of 737 and the lowest of 318

The average GMAT score needed for a Economics MBA program from an institution is between 318 from Clark Atlanta University to 737 from Stanford University. The average GMAT scores for Economics MBA programs is 563.

It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Economics is a 562.72 compared to an average MBA program score of 562.72. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.

Average GMAT Score for MBA Programs in Economics

  • Average: 563
  • Lowest: 318
  • Highest: 737

10 Lowest GMAT for MBA Programs in Economics

  1. Clark Atlanta University - 318
  2. Stephen F. Austin State University - 420
  3. Duquesne University - 435
  4. Radford University - 438
  5. Tennessee Technological University - 440
  6. University of North Texas - 442
  7. Troy University - 445
  8. The University of Texas at San Antonio - 450
  9. Slippery Rock University - 450
  10. Nichols College - 450

10 Highest GMAT for MBA Programs in Economics

  1. Stanford University - 737
  2. University of Pennsylvania - 733
  3. Columbia University - 732
  4. Harvard University - 730
  5. Northwestern University - 729
  6. University of California, Berkeley - 729
  7. Cornell University - 707
  8. The University of Texas at El Paso - 705
  9. Carnegie Mellon University - 702
  10. University of Florida - 690

No GMAT or GRE: Best MBA Programs in Economics

More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.

Alumni from Schools Offering an MBA in Economics

There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Economics MBA programs, the range for full-time enrollment is between 6 and 1,770. For part-time enrollment, the range is between : 2.00 and : 3,008.00.

Average Enrollment for MBA Programs Offering an MBA in Economics

10 MBA Programs with the Highest Enrollment (Alumni)

  1. Washington University in St. Louis - 1,770
  2. University of North Texas - 1,679
  3. Boston University - 1,590
  4. Arizona State University - 1,328
  5. Baruch College-The City University of New York - 1,279
  6. Cornell University - 1,188
  7. University of Florida - 1,174
  8. Central Michigan University - 999
  9. Georgia State University - 998
  10. Stanford University - 957

10 MBA Programs with the Smallest Enrollment (Alumni)

  1. DePaul University - 6
  2. The College of New Jersey - 6
  3. University of Richmond - 8
  4. University of Nebraska at Kearney - 9
  5. Indiana University Northwest - 10
  6. Berry College - 11
  7. Indiana University South Bend - 17
  8. The Pennsylvania State University at Erie - 17
  9. Texas A&M University-Corpus Christi - 17
  10. Sam Houston State University - 20

Student / Faculty Ratio for MBA Programs in Economics

For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Economics Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.

Top 10 Concentrations Available from Schools Also Offering an Degree in Economics?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Economics businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:

  • Economics: 215
  • Accounting: 207
  • Finance: 201
  • Marketing: 198
  • General Business: 197
  • Management: 196
  • Corporate Finance: 189
  • Data Analytics: 145
  • Information Systems: 138
  • International Business: 118

Here are the top schools offering the widest variety of concentrations to choose from:

The Importance of MBA Accreditation for MBA Programs

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available for Economics MBA Programs

Options for earning your Economics MBA have never been more flexible. Economics MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

There are 218 Economics accredited MBA programs. 9 private and 143 public schools offering Economics MBA programs.

Number of Award Earned for MBA Programs Offering an Economics Degree

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 218 accredited MBA programs offered in Economics, 195 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW, FT and Economist garnering an award as one of the best MBA programs in the country.

Publications and the number of awards granted for an MBA degree in Economics :

  • MBAGuide: 195
  • US News: 30
  • Forbes: 22
  • BW: 22
  • FT: 15
  • Economist: 16

How We Rank the Best MBA Programs in Economics

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Best MBA Programs by Concentration: Online and In-Person

What is an MBA in Economics?

An MBA in Economics is a specialized graduate degree that blends advanced economic theory with core business management principles. This program equips students with a deep understanding of economic concepts and their practical application in business decision-making, while also developing essential leadership and strategic management skills.

The curriculum typically includes:

  • Microeconomic and Macroeconomic Analysis
  • Econometrics
  • Game Theory
  • International Trade
  • Financial Economics
  • Core MBA subjects (e.g., Marketing, Operations, Strategy)

Popular career paths for MBA in Economics graduates include:

  • Economic Consultant
  • Financial Analyst
  • Policy Advisor
  • Investment Banker
  • Corporate Strategist

The job outlook for MBA in Economics graduates is robust, with strong demand in both private and public sectors. Salaries vary widely based on role and industry, but graduates can expect competitive compensation, with median annual wages for economists at $105,630, and potential for significantly higher earnings in senior roles or specialized fields like finance and consulting.

MBA in Economics Vs Master Degree in Economics

The main difference between a master’s degree and an MBA is highly specialized coursework versus the comprehensive study of business. Master’s degrees offer students highly specialized and theoretical knowledge of economics while the MBA includes coursework like business law, operations management, marketing, financial management, statistics.

Students in a Master’s in Economics program will take the full breadth of economics coursework including microeconomics, macroeconomics, applied econometrics and mathematical economics. Depending on your career aspirations, you may want to weigh your options. If you plan on entering academia, the Master’s degree in Economics may be the best route. On the other hand, if you plan on working for a large bank, you may want to develop a more balanced understanding of business principles prior to entering the corporate world.

A Masters Degree in Economics is for students who want to continue their education and attain a Ph.D., or who want to work in the fields of research, public policy or consulting, a Master’s in Economics may be the better choice.

An MBA in Economics provides a broad swath of business knowledge, and may be the best choice for those who want to work in a managerial capacity.

Typical Classes for an Economics MBA Program

Using economic theory as a tool to help organizations achieve goals is the primary concern of business economics. Specifically, business economists deal with firm behavior in response to the market and determine how it will affect operations, today and tomorrow. Business economists are concerned with pricing policy, monetary policy, predicting economic impacts, measuring demand, and applying economic models to management decisions. Courses in business economics emphasize capital markets and macroeconomic policies, international business economics, forecasting, and business decision making.

  • Macroeconomics – This course analyzes the economic performance of the US and other national economies. How the government and its policies shape the rules of the game for business activity and influence the economic performance of businesses and nations are stressed. Specific topics include measuring national economic performance, the determinants of productivity and output growth, consumption and investment, labor markets and unemployment, inflation and monetary policy, taxes and government spending, and economic fluctuations.
  • Microeconomics – This course will provide students with an understanding of the basics of microeconomic theory and their application to business decisions. Topics include the theory of consumer choice and demand; production and the behavior of firms; market power and market structure; the efficiency of competitive markets; factor markets; externalities; the economics of information, and behavior under uncertainty.
  • Money and Banking – This course examines the role of money and credit in the economy, with an eye toward understanding government regulation of financial markets and Central Bank operations. The economics of the financial system with a special emphasis on the theories and history of payment and credit instruments and the management of risk by financial intermediaries is considered. Building on the foundations of money and credit, we will investigate the macroeconomic consequences of government involvement in financial markets, and the policies of the Federal Reserve in particular – from promoting financial stability to the management of the business cycle.
  • International Financial Policy – This course will help students develop an understanding of issues in international macroeconomics that are important for managers operating in the global marketplace. It will cover theories of the determination of exchange rates and interest rates, the management of foreign exchange risk, international capital flows, debt and currency crises, international monetary and exchange rate regimes, the roles of the international financial institutions in developing countries, and other characteristics of international financial markets.
  • Advanced Microeconomic Analysis – Topics to be covered include supply and demand, consumer behavior, capital markets, cost and production, competitive markets, and choices under uncertainty. The emphasis of the course will be on understanding the basic principles of microeconomic theory and learning how to use these principles to analyze real-world problems.

Where Do Economists with an MBA Work?

Graduates of an MBA in Economics program will have the ideal educational background for employment in banking, insurance, data analytics, forecasting, labor arbitration, regulation and urban and regional planning. Graduates will also have the opportunity to further their studies in Ph.D. programs in economics, statistics, or additional studies in business or law. 

An Actuary serves as a professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries are in high demand and the profession is always on the cutting-edge of the newest risk management technologies.

SectorDescription
EconometriciansEconometricians are typically employed by the federal government and are responsible for the design, development, maintenance, evaluation, and replication of short and long-term economic models, to develop economic forecasts or simulations.
Financial AnalystsFinancial Analysts guide businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.
MathematiciansMathematicians conduct research to develop and understand mathematical principles. They also analyze data and apply mathematical techniques to help solve real-world problems.
The Professor of EconomicsA Professor of Economics will be a member of both the University and the college community. He or she will be part of an intellectually stimulating research community which performs at the highest international levels in research, publications, and lectures.
StatisticiansStatisticians use statistical methods to collect and analyze data and to help solve real-world problems in business, engineering, healthcare, or other fields.

What Skills Do Successful Economists with an MBA Need?

A master’s degree or Ph.D. is required for the most highly coveted economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience.

  • Analytical skills: Economists must be able to review data, observe patterns, and draw logical conclusions. Economists, for example, are responsible for analyzing historical employment trends to make future projections on jobs.
  • Communication skills: Economists must be able to explain their work to others. They may give presentations, explain reports, or advise clients on economic issues. They may collaborate with colleagues and sometimes must explain economic concepts to those without a background in economics.
  • Critical-thinking skills: Economists must be able to use logic and reasoning to solve complex problems. For instance, they might identify how economic trends may affect an organization.
  • Detail oriented: Economists must pay attention to details. Precise data analysis is necessary to ensure accuracy in their findings.
  • Math skills: Economists use the principles of statistics, calculus, and other advanced topics in mathematics in their economic analyses.
  • Writing skills: Economists must be able to present their findings clearly. Many economists prepare reports for colleagues or clients; others write for publication in journals or the news media.

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