Department of Economics
University of Maryland
College Park, MD 20742

Master of Science
Program in Applied Economics

Dr. John Straub, Program Director
Straub@umd.edu

College Park location
1102 Morrill Hall
Program Coordinator:
Hardeep Chowdhary
(301) 405-3557
CPmasters-econ@umd.edu

Washington, DC location
1400 16th Street, NW
Suite 140
Washington, DC 20036
Program Coordinator:
Breana Dinh
(202) 525-4308
DCmasters-econ@umd.edu

Career Placement

The University of Maryland's Department of Economics has trained countless economists who are now working in the DC-area and around the globe.  Students in our STEM-designated Master of Science degree program benefit immediately from opportunities to network with our faculty and with their fellow students.  We maintain working relationships with dozens of employers who recruit our students and alumni.  We also partner with the University of Maryland's Career Center to organize 2 career placement events every year (fall and spring).
 
Many of our students are already working when they begin our program.  Often it is their employer who sends a student our way, and pays at least part of the tuition.  In other cases our students are looking to transition into economic analysis from a different career path, or to get their foot in the door for their first "real" job after college.  Just being enrolled in our program sends a very strong signal to potential employers, which helps our students earn jobs, raises and promotions - even before they graduate.

More than 90% of our program's graduates are working as economic analysts within 3 months after their graduation.  Here is a partial list of employers who have hired at least one of our graduates in the last few years:

Private Sector
Abt Associates, Bank of Ningbo (ShenZhen, China), Berkeley Research Group, Booz Allen Hamilton, Capital One, Deloitte Consulting, Electric Power Research Institute, Ernst & Young, Exelon, FTI Consulting, Gartner, Inc, Grant Thornton, HDR Engineering, Insight Policy Research, Institute for Defense Analyses, Institutional Shareholder Services (ISS), Intercontinental Exchange, Jack Faucett Associates, KPMG Consulting, Mathematica Policy Research, Motley Fool, National Electrical Manufacturers Association (NEMA), Optimal Solutions Group, Pension Benefit Guaranty Corporation (PBGC), PricewaterhouseCoopers (PwC), Rand Corporation, Rang Technologies, Raven Capital, Securities Litigation and Consulting Group (SLCG), Summit Consulting, Transportation Economics and Management Systems, Wells Fargo, Westat

Government
US Departments of:  Agriculture, Defense, Energy, Health & Human Services, Homeland Security, Interior, Justice, Labor, State, Transportation, and Treasury
As well as: Central Bank of the Bahamas, Central Bank of Costa Rica, Central Bank of Namibia, Embassy of Argentina, Korea Deposit Insurance Corporation, National Bank of Bulgaria
And the: US Army, US Bureau of Economic Analysis, US Bureau of Labor Statistics, US Census Bureau, US Coast Guard, US Commodity Futures Trading Commission, Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC) US Federal Trade Commission, US Federal Reserve Board of Governors, US House of Representatives, US International Trade Commission, US National Institutes of Health, US Navy, US Office of Management & Budget, US Senate

Non-governmental Organizations
American Institutes for Research, Catholic Relief Service, Electric Power Research Institute, Fannie Mae, Freddie Mac, Financial Industry Regulatory Authority (FINRA), Inter-American Development Bank (IADB), Institute of International Finance (IIF), International Monetary Fund (IMF), National Association of Home Builders, National Science Foundation, Rand Corporation, Regional Economic Studies Institute, Resources for the Future, Results for Development, Roosevelt Institute, Social Security Advisory Board, US African Development Fund, World Bank

The Alumni Profiles page of our website features some examples of how our program has helped individual careers. 


International Students


There are restrictions on legal employment opportunities for international students in the US on F-1 student visas.  Students on F-1 visas are generally allowed to work at internships during the summer and during their second year in our program.  The evening classes in our program facilitate the scheduling of internships during the day.  International students are also able to travel in the United States or back to their home country during the summer and winter breaks. 

International students on an F-1 visa can apply to stay in the United States to work at an Optional Practical Training (OPT) internship after they graduate.  Graduates of our STEM-designated M.S. degree program are eligible for a 2-year extension to the usual 1-year of OPT eligibility - for a total of 3 years of OPT after graduation.  Our international students are also supported by the University of Maryland's office of International Student and Scholar Services (ISSS), who help maintain visa compliance for the many thousands of students and scholars in the US on visas sponsored by our university.  We cannot guarantee an OPT internship for every graduate, but we do have well-established relationships with many Washington, DC area employers, and we help students interested in seeking internships.


Partnership with the National Association for Business Economics


CBEOur program has established a partnership with the National Association for Business Economics (NABE).

The NABE is a professional organization for people who apply economics in business settings. The NABE offers a Certified Business Economist (CBE) credential for professional economists. Economists can take CBE prep courses from the NABE to prepare for their CBE exam.  But the NABE also partners with academic programs that offer relevant curricula.

The NABE's academic partners now include our program!

Students who have completed certain courses in our program's curriculum are now able to take the NABE's CBE exam without taking NABE's own courses, and with a discounted exam fee).

We encourage our students to become members of the NABE and to participate in the many excellent events that they sponsor in the Washington, DC area. Graduates who also earn the CBE certification in addition to our master's degree have even more advantages on the job market.