Frequently Asked Questions
Why would I do a master's program in economics? The modern master’s degree in economics fills a wide range of needs, and produces graduates capable of applied research, financial analysis, or progression to doctoral study. Hence a graduate degree in economics opens up a number of possibilities post-graduation. Our program in economics emphasizes the development of theoretical and data analysis skills that can be used in the investigation of economic problems in a wide variety of settings. Graduates in the past have done their Master’s degree in economics to (i) prepare for Ph.D. programs, either by taking advanced mathematics, statistics, and theory, or gaining intuition and exposure to economic issues; (ii) brush up on econometric and modeling skills as they change their careers mid-life; (iii) be lawyers who want to gain a solid grounding in microeconomics, econometrics, and cost-benefit analysis; (iv) be policy analysts seeking to gain modeling and econometric skills prior to embarking on a career in government, think-tanks, or consulting, and (v) be private sector job-seekers who want to develop a skill-set that sets them apart from the standard MBA graduate.
How do I apply for admission? Applications for admission can be made on-line through the Apply On-line website.
Do I need to have a bachelor’s degree in economics to gain acceptance to the program? Not necessarily. Many of our students’ backgrounds are in areas other than economics. In the past we have had students with degrees in computer science, engineering, mathematics, statistics, political science etc. You should have a good understanding of economic courses including Intermediate microeconomics and Intermediate macroeconomics. It is also essential to have had classes in statistics and calculus before starting our graduate program.
What are the prerequisites for applicants? Full admission requires students to have completed intermediate level courses in microeconomics and macroeconomics and at least one course each in calculus and statistics. The preferred background of students admitted into the program includes classes in analytical geometry (calculus I and II).
What math courses are expected to be completed upon entry? Calculus equivalent to 3450:210 or 3450:215 (Concepts of Calculus, I); and, statistics equivalent to 3470:261 and 262 (Introductory Statistics I and II). The preferred background of students admitted into the program includes classes in analytical geometry (calculus I and II). It is possible to be granted deferred admission into our program until these background courses are completed.
Is the GRE required? The GRE is required for international students and recommended for domestic students.
What is the required GPA of incoming students? An overall grade-point average of 2.75 or better or 3.00 for the last two years (64 credits or equivalent).
What is the English Language requirements for students whose native language is not English? Please reference the following webpage for the english language requirements: http://www.uakron.edu/gradsch/docs/englprof.pdf
When are the fall/spring application deadlines? The Graduate School requires online application for domestic students be made at least six weeks before the start of the term for which admission is sought in order to allow adequate time for complete processing. It is recommended that international students apply at least six (6) months in advance of the intended date of enrollment. The Graduate School will process international applications received after the six months deadline, however, cannot guarantee admission consideration for the intended date of enrollment.
Is financial aid available? Financial aid is available in the form of graduate assistantships. Graduate assistants receive partial to full tuition waivers and a bi-weekly stipend in exchange for working in the economics department with a faculty member. We also award financial aid in the form of only tuition waivers.
When is the application deadline for graduate assistantships? The Economics Department's deadline is February 15 for you to be considered for the fall semester assistantship awards. Sometimes there are limited assistantships offered for the spring semester. The deadline for these spring semester awards is October 15.
Who should I get to write my letters of recommendation? It is important to have recommenders who know you well, and who can attest to your interests, achievements and academic performance. Recommenders should also be able to elaborate on your record beyond providing information that is already available on the transcript.
Does the M.A. program have a spring enrollment? The MA Economics program does have a limited spring enrollment.
How long will it take to complete the degree? The program has a minimum of 30 academic credits (10 regular courses) which most students complete in 18 months (3 semesters + a summer class). Plans to write a thesis or continue on to a Ph.D. program should be discussed with the graduate advisor and may extend the time taken to complete the degree.
At what companies/Ph.D. programs have graduates been placed? Recent graduates have been placed in private sector businesses like Deloite and Touche, First Energy, Progressive Insurance, National City Bank, Sterling Inc., American Express and Diebold and agencies such as the Ohio Department of Taxation, and the City of Akron’s Office of Economic Development. Students who continued their graduate studies did so in Ph.D. programs in economics at Ohio State, Michigan State, Texas, and Emory among others.
Are graduate internships available? Recent graduates have done graduate internships at First Energy and Goodyear. The department encourages students to seek internship opportunities after you have completed at least 18 graduate credit hours in economics and have received permission from your graduate advisor. The internsip can provide you with 1-3 academic credits for the semester.