programs are available, and offer prospective students the opportunity to interact, use the libraries to research, and take advantage of career counseling and other services. Currently working professionals might find that earning a PhD in Economics is more convenient, as distance-learning allows more of an independent pace and convenient scheduling process. Hybrid programs combine low residency on campus coursework with online courses.
Compare PhD programs by requesting info from the schools you are considering. Ask questions. Find out who the faculty is, what the emphasis of the program is, tuition costs, and admissions requirements. You may see several listings for Economics at the Doctorate level, however, the curriculum may vary between schools.
Potential Career Outcomes For PhD in Economics Graduates
Students in Economics PhD programs are prepared for scholarly research, academic careers, as well as for high-level statistician and economist jobs. With the increasingly competitive global business environment, candidates with experience and advanced education, such as a PhD, may have better prospects.
Job and Wages Outlook For PhD in Economics Graduates
According to the Bureau of Labor Statistics, Statisticians lead the forecast for positive employment growth at 34% between 2014 and 2024, compared with Economists at 6% and Postsecondary Economics teachers at 10% growth during the same time period.
While it is hard to determine whether PhD candidates earned more than those with Masters degrees, one might still compare the median 2014 wages in these professions. The top 10% of Economists earned more than $170,780 compared to the top 10% of Statisticians who earned more than $129,830, and postsecondary teachers, 149, 820.
Ready to Pursue a Doctorate in Economics?
For someone with exceptional mathematics skills, an ability to think critically and analyze data to forecast trends and determine economic patterns, earning a PhD in Economics may lead to a variety of potentially lucrative jobs in some fast-growing fields. The global economy is highly regulated, competitive and in need of professionals who are able to navigate it. Why not use the search tools on GradSchools.com to find the doctorate level degree in Economics to suit your goals!
Sources:bls.gov/ooh/math/statisticians | bls.gov/ooh/education-training-and-library/postsecondary-teachers | bls.gov/ooh/life-physical-and-social-science/economists.htm
