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

News & Events

Program Tuition frozen at 2017 level through 2020/21 Academic Year


      Our program's tuition has been $3,250 per course since 2017.  Despite approval for a tuition increase, we have decided to keep tuition frozen at $3,250 per course through the 2020/21 academic year.  This rate is significantly lower than the tuition charged by most comparable programs.  As many students and their families suffer financial hardship, we are doing what we can to keep the investment in our program's training both feasible and worthwhile.

Program Transitions into STEM-designated Master of Science Program


      The Board of Regents of the University of Maryland System voted on April of 2019 to approve a proposal to convert our program into a STEM-designated Master of Science program.  The proposal was also been approved by the Maryland Higher Education Commission, and has been in effect since the fall of 2019.
     One practical implication of the STEM designation is that international graduates of our program are now eligible for a 2-year extension to the standard 1-year Optional Practical Training in the U.S.  Being eligible to stay in the US for up to 3 years after graduation makes our graduates even more attractive to potential OPT sponsors. “We have hired students from the University of Maryland’s Applied Economics master’s program since its inception. The STEM designation gives Optimal and other potential employers a viable opportunity to hire highly qualified international graduates with scarce  skill sets.”  -- Mark Turner, CEO of Optimal Solutions Group.
     “The program’s curriculum has always emphasized the quantitative econometric approach that’s now officially recognized by the STEM designation.”  -- John Shea, Associate Chair and Director of Graduate Studies in the Department of Economics.
     The program’s curriculum will continue to evolve in this direction, with new courses in development, including a course on economic applications of Python and R programming.

2018 Cohort


Our Program Ranked #1 in the US


CBEOur program has been ranked #1 in the US according to the TFE Times' 2020 ranking of Top Master of Economics Programs.  The annual ranking of economics master's degree programs is based on several factors, including graduate salaries, the undergraduate grades of students in the program, and graduate employment rates.  Our program has been ranked in their top 5 every year since 2016.  Congratulations to our students and faculty for the well-deserved recognition.






Attend an online Information Session


Our program will be hosting an online Information Session on Thursday, June 4th, at 6:45 PM (US Eastern Standard Time, GMT - 5:00).

The session will be a WebEx Meeting, and will last about 1 hour.  During the session we will give a presentation and field questions, which online participants can submit via the WebEx Meeting chat window.

If you would like to receive an email with information about how to participate in the online Information Session, please RSVP to masters-econ@umd.edu



Our Program's Career Placement Discussed in Washington Post


UMD MS in Applied EconOur program's director, Dr. John Straub, was quoted in the Washington Post's recent Guide to Graduate Education.  "Our STEM-designated MS program has placed hundreds of students in the DC area since 2012."

Dr. Straub was quoted in a feature about connecting students and graduates with jobs.  In addition to the career fairs that our program organizes for students and alumni, Dr. Straub also noted the valuable networking opportunities.  Many of the students and PhD instructors already work at exactly the same kinds of places that recruit our students.  These include government agencies, as well as private consulting firms, and international organizations like the World Bank and International Monetary Fund. 

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Guest Lecture from IMF Board Member


On November 21st, Dr. Liviu Voinea will be giving a guest lecture in our program's International Macroeconomics and Finance course (ECON 683).  Dr. Voinea is the Romanian Board Member of the IMF, and a former Deputy Governor of the Romanian National Bank.

Dr. Voinea's areas of expertise dovetail nicely with the content of ECON 683, including the global crisis and policy responses in Central and Eastern Europe; trade-offs in modern central banking (in particular financial stability vs. price stability); issues related to global financial stability; euro-area and US subdued inflation; and the weaker link between wages and inflation (post-crisis Phillips Curve).

Dr. Voinea's recently published e-book, “One Hundred Years of Honesty: Recovering the Lost Memory of the Romanian Economy” has relevance for all economies in the Euro Zone.

We look forward to many more guest lectures from the Maryland economics department faculty, and from other distinguished economists. 


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).

"Our program has long encouraged our students to become members of the NABE and to participate in the many excellent events that they sponsor in the Washington, DC area. The networking opportunities that come with NABE membership have already been valuable to many of our students.  Now graduates who also earn the CBE certification in addition to our master's degree will have even more advantages on the job market." -- Dr. John Straub, Director of the M.S. Program in Applied Economics at the University of Maryland.



Congratulations to our 2019 Graduates


2019-05-24 CommencementOur department held it's Spring 2019 Commencement Ceremony on Friday, May 24th in the Xfinity Center on our main campus in College Park.

The commencement speaker was David Schaeffer, an alumnus of our department, and the founder and CEO of Cogent Communications—one of the world’s largest internet providers.  At the heart of his remarks for our graduates: "There is nothing more rewarding than learning new things and the key to anyone’s success is continued curiosity."

There were 23 graduates in our master's program's spring 2019 graduating class.  Ten of the 23 graduates were international students from countries around the globe, including China, The Bahamas, Costa Rica, India, and Taiwan.  

Members of this spring's graduating class will be working as economic analysts in private industry as well as government agencies like the Bureau of Labor Statistics, and non-governmental organizations like the World Bank, and the American Institute for Research.



Placement Events


placementOn November 6th our program co-hosted a Placement/Recruiting Event on our main campus in College Park.  Twenty-two area employers participated. 

As with previous events, we co-hosted this event with our department's undergraduate program in cooperation with the University of Maryland's Career Center.   

The participating employers included:

Bipartisan Policy Center; Econometrica, Inc.; Fannie Mae; Federal Deposit Insurance Corporation; Federal Housing Finance Agency;
Federal Reserve Board of Governors; FedWriters;
JSI; Northwestern Mutual; Office of Inspector General, Office of Evaluation and Inspections; Optimal Solutions Group; Resolution Economics; Summit Consulting; The Urban Institute; U.S. Bureau of the Census; U.S. Consumer Financial Protection Bureau; U.S. Department of the Treasury; U.S. Securities and Exchange Commission; U.S. Department of Homeland Security/FEMA.

We host similar events every fall in College Park and every February in Washington, DC.  Our next event will be on Wednesday, February 12th.

News & Events Archive.