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Online Economics MBA

There are many career directions one can take if holding a degree like the online economics MBA. The fields of government, finance, banking, and real estate are just a few that hold many opportunities for properly trained and credentialed business professionals. Graduate students in business know that many of the world’s high-level economist positions are suited for PhDs and MBA holders.

What Will an Online Economics MBA Entail?

An online MBA in economics is typically a two-year degree that is either partially or completely delivered through distance learning. The curriculum offered within this program will feature a foundation of general business courses and topics dealing with economics. Students pursuing an online Economics MBA can expect to learn more about the areas of marketing, accounting, leadership, and operations management, among other subjects important to business leadership. The curriculum will not only sharpen the MBA student’s business prowess, but it will also help to shape the disciplines needed to manage at a high level.

One of the most attractive features of an online economics MBA is the flexibility it offers the graduate student. Many business schools require that their incoming students have some work experience as a professional. And students who continue to work full-time can expect to apply many of the concepts covered in the classroom right where they currently work. Since it is so common that online MBA students are also managing the demands of a full-time job and personal life matters, many programs allow students to predetermine how much time they can commit to coursework each term.

It is not uncommon for many programs to offer shorter course terms allowing students to finish a course in just seven weeks. Online MBA students with more time to commit to their education can even double up on courses and complete many 30-33-credit hour programs in less than one year.

A degree like the online economics MBA will expose students to an array of educational perspectives. It is common for many business schools across the country to employ professors with terminal degrees to create and teach courses within its business programs. These professors, along with the resources and texts included in these programs, are exceptional at helping to shape tomorrow’s business leaders.

What are Today’s Top Books in Economics?

Students should never stop learning after graduating. It is important to keep being a life-long learner, as studies have shown that maintaining a high level of reading over your life has many benefits to happiness and health. With some of this in mind, here are some of the top books in economics that professionals with an online MBA in economics should consider adding to their libraries.

Freakonomics by Steven D. Levvitt and Stephen J. Dubner has been a highly sought after book for years. Reviewers claim that it is excellent at allowing the reader a fresh perspective on economics by exploring topics like child-rearing, crime, sports, and cheating. Conventional wisdom gets turned upside down in this page-turner that utilizes the art of wry insight and excellent storytelling. The basic premise of this book suggests that if morality shows how we would choose for the world to work best, economics shows us how it actually works on a daily basis.

Some excellent titles on economics have been written and published within the last decade while others have stood the test of time and continue to be a valuable resource for economists. An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith was penned in 1776 and has an incredible value to the modern economist for its historical significance and ability to speak into current situations of finance and economics. This book deals with matters of free markets, productivity, and the division of labor.

Many in the economic world will recognize Richard H. Thaler as a Nobel Prize winner in Economics. Nudge: Improving Decisions about Health, Wealth, and Happiness by Richard H. Thaler and Cass R. Sunstein brings some excellent theories and practices to the reader. This book suggests that the key to success in business, economics, and life in general, is to make better choices. The authors suggest that life is full of choices, and unfortunately, we often choose unwisely. Nudge is a book about how we can make better choices on many levels to live more fulfilling lives and make the world a better place in the process.

What are the Admission Requirements for an Online Economics MBA?

Many people are interested in pursuing a higher degree in the fields of business and economics. But some professionals, unfortunately, have no idea that there are programs like the online MBA that have been designed to deliver a stellar degree with advantages that working professionals can take advantage of. An online MBA, from a reputable business school, is the perfect fit for a working professional who juggles a full-time work schedule and home life without the ability to take classes on a traditional college campus.

For potential candidates of an online economics MBA, it is important to know what a business school is looking for during the application process. Many programs offer tons of information on their website and even allow interested students the chance to begin the acceptance process right away. Applicants can expect there to be an application fee presented at the beginning of the acceptance process, but some business schools are now offering an application fee waiver as an incentive.

Some of the most accommodating programs provide access to enrollment specialists who will act as guides for candidates as they apply to the online MBA program. These guidance specialists will make sure all admissions requirements are met and that students have everything necessary for a complete file.

All graduate programs like the online economics MBA will want to know what an applicant’s previous academic experience consists of. Expect to submit official or unofficial transcripts from all programs previously enrolled in. As this is a graduate degree, one can also expect to submit proof of an undergraduate degree from an accredited college or university with a corresponding GPA. Other important parts of a candidate’s application file will be components like a current resume, letters of recommendations, a statement of intent, and perhaps placement scores like the GMAT or GRE.

The completion of an online MBA can benefit your career in many ways. It has never been a better time to consider this excellent degree in business and economic leadership.