The final portion of this 3-part series discusses the pros and cons of pursuing a graduate degree in economics.<\/p>\n
A graduate degree in economics is very valuable and useful if you are pursuing a career in advanced economic analysis, teaching, or research.\u00a0 However, there are careers out there for economics students that do not require a Master\u2019s degree; two of those careers are discussed in parts <\/u>1<\/span><\/a> <\/u>and 2<\/a><\/span>\u00a0of this series.<\/p>\n So is the extra schooling worth the additional time and money?\u00a0 As economics students know is often the case, it depends.<\/p>\n Some Ph.D. programs offer a Master\u2019s degree upon completing the first two years of study.\u00a0 This type of program is extremely efficient and the likely most advantageous.\u00a0 It allows students to save time and money by jumping right into a Ph.D. program instead of completing the Master\u2019s first.\u00a0 If after two years you decide you don\u2019t want to complete your Ph.D. studies, you can just take the Master\u2019s degree.<\/p>\n So if you aren\u2019t sure whether you want to stop after a Master\u2019s or pursue a Ph.D., it might be worth it to apply to a Ph.D. program.\u00a0 If you know a Master\u2019s degree is the highest level you want to complete, then a Master\u2019s program may be for you.<\/p>\n All this being said, the longer you wait to go to grad school, the higher the opportunity cost becomes as you begin making money in the \u201creal world\u201d.\u00a0 So, if grad school is an option you want to pursue, it\u2019s worth looking into sooner rather than later.<\/p>\n Hopefully this series has been helpful and provided a glimpse into what an undergraduate economics degree really prepares you to do.\u00a0 Don\u2019t let it overwhelm you; after all, we can do anything!<\/p>\n","protected":false},"excerpt":{"rendered":" The final portion of this 3-part series discusses the pros and cons of pursuing a graduate degree in economics. A graduate degree in economics is very valuable and useful if you are pursuing a career in advanced economic analysis, teaching, or research.\u00a0 However, there are careers out there for economics students that do not require a Master\u2019s degree; two of those careers are discussed in parts 1 and 2\u00a0of this series. So is the extra schooling worth the additional time and money?\u00a0 As economics students know is often the case, it depends. Some Ph.D. programs offer a Master\u2019s degree upon Continue reading The \u201cAnything\u201d You Can Do with an Economics Degree Part 3:\u00a0 Grad School<\/span>