Economics - Applied Economics
If the prospect of a well-paying job as an economist, analyst, or planner in the private or public sectors appeals to you, Illinois State University offers a very special graduate degree in Applied Economics that you should know about.
Our program emphasizes Applied Economics with a curriculum that links basic economic theory and statistical techniques to real-world problems faced by decision makers. Students completing the degree are qualified to seek employment in management as professional economists or research analysts. The program is also well suited for individuals who wish to return to school to obtain a graduate degree in a business-related discipline for the purpose of career advancement.
While the curriculum is structured as a terminal degree in applied economics, many graduates have advanced to doctoral-level programs in economics and in related disciplines.
Point of Pride
The Department of Economics hosts a local chapter of Omicron Delta Epsilon (ODE), an honor society for recognizing scholastic attainment and outstanding achievements of students in economics. Members enjoy closer academic and professional relationships with faculty and free online access to The American Economist.
University Admission Requirements
A student applying to a master's program must:
- have earned a four-year bachelor's degree or its equivalent from a college or university that is accredited by the appropriate regional accrediting association, or do so within one academic year
- have a minimum 2.8 GPA (on a scale in which an A is a 4.0) for the last 60 hours of undergraduate work
- present official transcripts from each college or university other than Illinois State at which graduate, undergraduate, or non-degree credit was earned. Transcripts can be emailed from the university to Admissions@IllinoisState.edu or mailed in a sealed envelope to: Office of Admissions, 201 Hovey Hall, Campus Box 2200, Normal, IL 61790-2200
International students can learn more about specific application requirements by visiting the Office of Admissions.
Additional Program Admission Requirements
A student applying to this program must:
- submit official GRE Scores (use institutional code 1319)
- submit names and email addresses of two references for letters of recommendation within the online application
- Fall (August) Term — March 1
- Fall (August) Term — May 1 for International students
- Spring (January) Term — October 1
- Summer (May/June) Term — no applications accepted for summer
The University provides graduate assistantships as a means of financial support. They are intended as a way to facilitate a student's progress to degree while providing important professional development.
To be eligible for an assistantship a student must, generally,
- be admitted unconditionally as a degree-seeking student into a graduate academic program, or have a minimum of 120 undergraduate hours if in an integrated degree program
- be in good-standing
- be enrolled full-time (typically at least 9 credit hours during the fall or spring semesters, or at least 6 hours during the summer session).
Graduate assistants receive
- monthly wages paid in the form of either a stipend or an hourly wage
- a waiver for 100% of tuition during a semester of appointment
- a waiver for up to 12 credit hours of tuition for the summer term immediately following a fall or spring appointment
See Student Accounts for information on tuition and fees. Funding for graduate students is available from several different sources. Students who have been admitted from contiguous states including Iowa, Indiana, Kentucky, Michigan, Missouri, and Wisconsin will receive in-state tuition.