Currently, earning a bachelor’s in either economics or business doesn’t guarantee employment. Moreover, business leadership positions that come along with higher compensation require a Master’s degree. We understand that it is rather challenging to balance work and other responsibilities alongside other family obligations, and thus advance one’s education at a brick-and-mortar institution. The Online Master of Science (MS) in Economics is tailored for working adults and thus aids in acquiring a Master’s degree with ease.
The MS in Economics online program offered at Charisma University has been designed for busy professionals who want to obtain a Master’s degree without sacrificing other aspects of life. This innovative program gives busy professionals the opportunity to pursue higher education. The program’s online format is flexible, has international recognition, and is geared to real-world issues.
The Most Salient Features of Obtaining an Online Degree from Charisma University
Education is an investment that returns in multiple forms in the future. Doing this MS in Economics at Charisma University will give you the following benefits:
- Promotions Opportunities
Possessing an MS in Economics is more than an addition to the portfolio; it is a ticket to a more advanced position that needs deep analysis, intuitive leadership, and futuristic vision. This degree will positively impact those employed, as it can enable one to transition from a mid-level position to a more senior leadership or specialized post.
Having studied economic theory, quantitative methods, and policy analysis, graduates can work in positions that allow them to participate in the most important decision-making in an organization. A master’s degree allows one to pursue top-level positions in a company. It indicates that the individual is willing to put in hard work, is a strategic thinker, and is ready to add more value in the organization from above and beyond her core responsibilities.
In a financial company, a mid-level analyst might become a Senior Economist or a Portfolio Manager in the distant future. In both these positions, the shortlisted candidates would lead several teams while assisting in making vital decisions regarding their clients’ investments.
However, a holder of government policy would be an Economic Advisor or Policy Director. The individual would wield significant control over regulation and large-scale undertakings in both these positions. An individual with an MS in Economics can work with an organization as a business strategist, a consultant or in executive positions and help the company navigate through a recession.
The position also comes with increased work, and expansion of the company’s financials, and the position itself, which is a welcomed addition. The type of work an individual may do is however very broad due to the advanced level of specialization economics draws. An individual can work within the Bank of the World or even the United Nations, where these positions extend to finance, advanced-level consulting, public sector, technology, health care, or even to the United Nations and these international affiliations.
Conclusively, a holder of MS in Economics can elevate their position from an operational role to a position of high responsibility as a trusted advisor able to enact constructive change and drive organizational growth.
- The Enhanced Earning Potential Associated With an MS in Economics
A crucial impetus for professionals to pursue a master’s degree in sociology is the potential salary they are likely to earn. Attaining an MS in Economics comes with numerous benefits, such as enhanced proficiency in data, high-level econometrics, and even strategic decision-making. Employers are ready to spend a good amount of money on these skills.
Holding a master’s degree means an increase in the chances of employment, which in turn means an increase in salary as a Financial Analyst, Policy Advisor, Business Strategist, and even an Economic Consultant. These positions are offered only after considerable experience and exceed the benefits offered to candidates with a bachelor’s degree, and entry level positions. Consider, for example, the officer class of a bachelor’s degree in Economics. He/She is referred to as a junior analyst and will be earning a good salary. On the other hand, a master’s degree holder will be requiring little effort to be classified as a senior analyst or a manager, which comes with a considerably large amount of salary.
The wage gap is quite apparent in many professions. Research has shown that people in possession of a Master’s degree in Economics earn twenty to forty percent more on average than people with Bachelor’s degrees. In some sectors such as banking or consulting, the gap can be even wider. Take for example a Market Research Analyst.
The degree certainly increases the present value of an individual’s earnings, but also increases the value in the future. Higher Master’s graduates tend to get promotional opportunities into management positions faster such as Associate Director, Policy Lead, or Senior Strategy. These positions not only have higher salaries, but also favorable bonuses, other benefits, and perks.
The techniques and skills you acquire at Charisma University such as quantitative modeling, policy evaluation, and business strategy can be readily used in diverse other industries and fields. You are not restricted to looking for employment opportunities only in your city or country. There are many jobs available across the world that offer highly competitive salaries.
“Getting an MS in Economics is a wonderful opportunity to gain more knowledge and earn more in the future. Most of the time, graduates with the right amount of work experience and the requisite post-graduate training find that their degree pays for itself in a few years, more money, promotions, and career advancement opportunities, a better job and a raise, and an upward career mobility that happens within a few years.
- Charisma University is a Respected Center of Learning for Students from Different Parts of the World.
One of the most remarkable features of having attended Charisma University is that it is nationally and internationally known. It does not matter which country you go to work after graduation, in North America, Europe, Asia, Africa, or the Middle East, the degree you earn will be known and recognized since the institution is accredited. And in this case, the recognition matters a lot for people who work and wish to enhance their career opportunities at the global level or work with international companies.”
Accreditation comes first; however, it is not of extreme importance. What makes the school unique is the diversity of students and faculty. Our online MS in Economics connects people within the field across the globe. In a single class, you can discuss case studies with a corporate strategist based in Amman, a policy researcher in Nairobi, and a financial analyst in London. In this unique and exciting conversational setting, you gain insights beyond textbooks due to the unique experiences brought in by your peers.
Unlike traditional classrooms with hoard of silly things, Charisma’s global classroom resembles the actual world where cooperating across different boundaries is the new normal. Interacting with your peers from different countries encourages students from your culture to build networks and gain a better understanding of relative economic issues. For instance, you may understand how a country’s monetary policy impacts the firms and economic activities, but a classmate from another country may enlighten you about the impacts on underdeveloped countries. Such seminars not only equip you with invaluable insights but also provide guidance to success in the rapidly globalizing world.
The advantages extend beyond your textbooks. Your classmates aren’t just contacts you earned your degree alongside. Certain individuals can serve as your colleague, business partner, or even an employer.
The global environment is even more diverse because we have world-class instructors who have acquired their expertise from diverse geographical backgrounds. A good number of them are more than just educators; they have made significant contributions as consultants to governments, worked for global organizations, or conducted seminal scholarly research. This experience makes them practitioners in their own right. With such a comprehensive worldview, they are in a position to provide you with more than just theoretical principles, but rather know-how that you can apply in practical situations.
To summarize, completing an MS in Economics at Charisma University involves interacting with individuals from diverse geographical regions. Attaining a degree is attached with studying from specialist who global perspectives to every class and interacting with individuals from all regions of the world. This institution not only prepares you to excel at home; it prepares you to excel anywhere in the world.
Program Structure and Curriculum Overview
Foundation Courses (27 credits)
Program Structure and Curriculum Overview
- Foundation Courses (27 credits)
| Course Code | Course Name | Credit |
| ECON 660 | Urban and Regional Economics | 3 |
| ECON 661 | Capitalism and Its Critics | 3 |
| ECON 667 | Institutions, Economic Growth, and Policy | 3 |
| ECON 669 | Real Estate Economics | 3 |
| FIN 623 | Financial Analysis | 3 |
| MBA 600 | Human Resource Management | 3 |
| MGT 501 | Business Ethics | 3 |
| MGT 632 | Business Taxation | 3 |
- Thesis (12 credits)
| Course Code | Course Name | Credit |
| GRES 690 | Master’s Degree Thesis | 6 |
- Electives – Quantitative Methods in Economics (3 credits)
| Course Code | Course Name | Credit |
| ECON 515 | Econometrics and Business Forecasting | 3 |
| ECON 539 | Applied Statistics for Economics | 3 |
| ECON 547 | Mathematical Economics | 3 |
Electives – Quantitative Methods in Economics (3 credits)
| Course Code | Course Name | Credit |
| ECON 613 | Managerial Economics | 3 |
| MGT 538 | Strategic Decision-Making | 3 |
| MGT 571 | Business Strategy and Sustainability | 3 |
| MGT 641 | Enterprise Risk Management | 3 |
Course Fee
As a top university, Charisma University has the mission of making education available to all. You have the right and access to the best education no matter your background. The Online MS in Economics offered by Charisma University is also reasonably priced among the rest of the programs offered by universities globally. Given the nature of the program, there is no need to relocate, which makes it possible to avoid the costs of transport and accommodation.
This program is designed for those in the workforce who balance responsibility as primary income earners. Even self-employed individuals and recent graduates situated within a constrained financial environment would find this program accessible. The tuition fee can be settled easily for students coming from any part of the globe—Asia, Africa, or America—owing to the payment plans, financial assistance, and scholarship provisions offered. If you would like to know the fee, you can contact the admissions office at the email address registrar@charisma.edu.eu.
Why Do You Want to Complete Your MS in Economics from Charisma University?
While the choice of universities and their online programs is bewildering, what makes Charisma University a top choice? Here is a take.
- Globally Recognized and Accredited Programs
Charisma University is accredited, acknowledged in all over the world, and it has an institutional membership of TRACS, ACQUIN, EQAR, and ACBSP. This type of recognition and accreditation is important to you because it relates to the fulfillment of necessary requirements at a global level which assures the program holds worthy standards in quality. This also means your degree will be recognized as a valid qualification by employers and educational institutes around the globe.
Having a Master’s from an internationally recognized institution will boost your self assurance and allow you to seek employment with high-ranking multinational companies. Your potential employer will appreciate your academic credentials and will prioritize you among other applicants. Employment at a highly rated company will translate to a handsome salary.
- Flexibility
Online MS programs are highly suitable for working professionals as classes are designed to be taken at any time. The timeframe you allocate for work does not matter. The Online MS in Economics provides self-paced learning to both full-time and part-time employees.
You are able to select any of the study options provided that best aligns with your schedule and other obligations. If you have a full time job and can offload some of your responsibilities, opt for the part-time study option which will require you to take less than full credits. Alternatively, if you are willing and have more than enough time, you will complete your full-time program within the shortest time possible.
- Reasonable Faculty with Real-World Experience
You will gain insight from industry professionals who possess relevant empirical knowledge in economics, finance, and policy, as most faculty members are practitioners in these fields. These are people who have deep knowledge in the economics field and are ready and willing to assist you in achieving your dreams.
Admission Prerequisites
Would you like to apply for the MS in Economics? Marketing your credentials to us means you have understood the program requirements and understand and are ready to meet these set criteria.
- Academic Qualifications
You need to have a bachelor’s degree in any field of economics, business, finance, or a related field. Similarly, work experience in the given fields is also acceptable.
2. Work Experience Aspects
The lack of work experience is not a deal breaker. Practical experience is also encouraged. Participants who provide their firsthand experience enrich the entire process. In the absence of extensive work experience, outstanding performance at the educational level is acceptable.
3. English Language and Standardized Test Requirements
This is an English conducted program, hence, good english proficiency is also necessary. If you do not fall under the English native speaker category, you possess the responsibility of completing an English proficiency exam such as TOEFL, IELTS, and others.
With an Masters of Science in Economics from Charisma University, graduates are able to enter into various portfolios.
Career Pathways After Completing MS Economics at Charisma University
After getting your MS in Economics from Charisma University, you can go on to work in a number of different fields.
- Financial Analyst
Financial analysts are responsible in aiding companies or entities in making sound monetary decisions by studying and interpreting their financial records, analyzing macroeconomic trends, and forming investment forecasts as to where and how funds should be allocated. Financial analysts are also tasked to study corporation stock performances, assess business ventures, or decide on potential expansion markets.
Some of the common duties include:
- Preparing budgets, financial statements, and forecasts, as well as economic and industry monitoring
- Management consulting concerning investment and budgetary issues, and
- Completing risk management assignments.
Why an MS in Economics is needed for this position: Almost every business requires their economists to read and forecast data and trends and make decisions accordingly. Graduates can utilize econometrics to form relations from various business activities c, pertaining to inflation changes, interest rates, and economic conditions.
b. Consultant in Economics
Economic consultants work with corporations, governments, and law firms and provide them with expert counsel. They tend to work on complex queries requiring lots of economic reasoning, such as gauging the impact of policies, assessing damages in litigation, or analyzing competitive business behavior.
Some of the routine activities include:
- Conducting economic research and assessing economic variables.
- Preparing court expert reports in antitrust and IP litigation.
- Formulating policies or business strategies for governments or firms relating to economic management.
- Assessing the level of competition in an industry.
Why an MS in Economics would work: The program’s emphasis on research, policy, and quantitative analysis enables students to devise solutions to difficult problems. An example is in estimating litigation costs where the consultant may apply regression models.
c. Policy Advisor
They apply economic principles to analyze policies and recommend current economic policy changes to promote growth, stability, and equality.
Some of the usual jobs are:
- Preparation of policy briefs and relevant reports.
- Analyzing issues with socio-economic implications
- Tracking and evaluating the impacts of current and proposed responsive policies.
- Proposing recommendations and equitable socio-economic development of the Commonwealth for the Head of Government and Strategy Developers of Center for Social & Economic Research and other associated Government of Peoples.
It is easy to understand the implications of policies on people and businesses in economics. A policy advisor works to assess a proposed policy. In this case, the tax code changes and a policy advisor will assess the impacts of such changes on small businesses and employment.
d. Business Strategist
A Business Strategist’s primary duty is to ensure a company’s profitability and competitive edge in the industry. They assess markets, identify opportunities, and formulate approaches for long-range organizational growth.
Some of the usual tasks are:
- Observing differences and trends in markets and clientele.
- Identifying hopeful chances for development in business such as extra markets, products, or services and etc.
- Analyzing competitive activities to form counter strategies. Assisting business leaders in fostering and setting company objectives
Why it goes with an MS in Economics: Economics teaches students about businesses and markets. For example, graduate-level economics offers game theory, which helps strategists develop skills in anticipation and better decision-making.
e. Market Research Analyst
Collecting and interpreting buyer, competitor, and industry related information is at the heart of every Market Research Analyst’s work. Creative and innovative plans, developed by analysts, enable the company to offer proper product development and new product marketing, public relations, supporting, and customer service strategies.
Duties include:
- Understanding consumer behavior and the buying decision process.
- Assessing the effectiveness of marketing and advertising.
- Preparing and presenting advisory reports to the company management.
Why completing MS in economics add value: Students and market researchers understand the use of data, consumer behavior patterns, sophisticated data, and core economics. An econometric model can give a fair range of estimates on how much demand there will be for a product if the price is reduced.
Frequently Asked Questions (FAQ)
Q1: Is MS in Economics in Charisma University totally online?
A1: Yes, it is absolutely an online program.
Q2: How long does it usually take to finish the program?
A2: It all depends on the student, but it usually takes between 18 to 24 months.
Q3: Will I be able to have a full-time job and still work on this program?
A3: Yes. This program is designed for individuals who work full-time.
Q4: Are there any payment arrangements?
A4: Yes, there is aid, and Charisma University provides aid to students who qualify through scholarships and several other financial aid options.
Q5: Will this degree be recognized in all countries?
A5: Yes! As Charisma University is accredited, your degree will be recognized in all countries undoubtly.
Charisma University offers a master’s degree in economics to people who are still employed. Our university is offering this program which is a big opportunity for job holders because the program is cheaper, well-designed, and high-quality. Many opportunities are there to help you in your future career such as building a portfolio, gaining professional contacts, and improving your knowledge and skills.
Do you want to apply to join the online MS in Economics program?
Like the rest of the programs, you may contact the registrar at registrar@charisma.edu.eu for help with any specific administrative questions concerning the program.
Please do this as soon as you can. Access your account and complete the steps to submit the online form.
