Decision time frame: The application deadline is January 15. Late applications will be considered as space and funding are available. If you have any questions about your application, please contact our Student Success Coordinator at [email protected].
In order to be accepted into this program, you must have completed the following required classes:
Intermediate Microeconomic and Macroeconomic Theory. Both courses should be calculus based.
- At least one year of Calculus and a semester of Matrix Algebra or Linear Algebra. Multivariable calculus is also recommended.
- One semester of Econometrics or the equivalent
Unofficial undergraduate transcripts (Official transcripts will be requested for formal admission)
Three letters of recommendation
The application fee ($70.00). (Anyone applying for a second program in the same year will be automatically charged half that rate).
A personal statement is strongly recommended, but is not required.
- You are not required to be accepted to the research team of an individual faculty member. However, your personal statement should describe your research interests and how they relate to the research programs of specific faculty members.
Funding: Please note that although the program waives 70% of tuition, students are responsible for 30% of tuition fees. Students who work as research and teaching assistants receive additional funding in the form of a monthly stipend.
Why choose the Montana State
M.S. in Applied Economics Program?
Our graduate program offers a unique value proposition: the opportunity to undertake advanced coursework in economics and conduct high-level research without committing to a lengthy Ph.D. program or incurring the high cost of some terminal Master's degree programs. Our program is consistently ranked in the top five in the nation among M.S. programs in agricultural and natural resource economics. For the last two decades, we have offered partial funding to the vast majority of students, contingent on satisfactory performance in the program. Although the stipend amount varies from year-to-year, it is commensurate with the cost of living. 70% of tuition costs are waived.
Opportunities for faculty-student research collaboration:
Our faculty have expertise in a wide variety of fields and research methods. Faculty members take an active interest in each of our graduate students, and we strive to match students to faculty members with common research interests. This one-on-one contact with faculty has led to a significant volume of co-authored, published research and is consistently given high praise among our alumni.
Excellent employment prospects and preparation for Ph.D. study:
Our program has a strong reputation as a leader in preparing students both for employment in the private and public sectors and for continued graduate study. Demand is high for individuals with training in statistical methods and economic analysis. Many employers and faculty seek us out as a source for potential employees and Ph.D. students in these areas.
Our graduates consistently begin well-paying careers in industry, government or other fields. In the past three years, some of these have included:
Data Scientist, Atrium
Economist, Montana Department of Labor & Industry
Senior Credit Risk Analyst, Discover Financial Services
Economic Development Consultant, A2F Consulting
Fiscal Analyst, Montana Legislative Branch
Economic Analyst, Rhode Island Dept. of Revenue
Others use their master's degree as a springboard to prestigious doctoral programs or other education and professional training opportunities. In the past three years, some of these include:
Boston College School of Law
Harvard Kennedy School Ph.D. in Public Policy program
Harvard Kennedy School Ph.D. in Public Policy program, Economics track
University of California-Davis Ph.D. program in Agricultual and Resource Economics
University of Oregon, Master of Community and Regional Planning Program
The M.S. program in Applied Economics is an 18-month to two-year program combining two semesters of course work and the preparation and defense of a master’s thesis.
During the first year in the Applied Economics program, students take a rigorous set of courses in microeconomic theory, macroeconomic theory, and econometrics. Students may also take courses in supporting areas, such as mathematics and statistics. The small size of the program necessitates a limited course offering, but also provides opportunity for substantial interaction with faculty.
All students in the M.S. in Applied Economics program are expected to complete an original research project culminating in a thesis defense in the second year of the program. Students work collaboratively with faculty to form a thesis committee that includes a major advisor. The major advisor provides individualized guidance with respect to courses, the thesis, and any other matters that may concern the student. In consultation with their graduate committee, students select, research, write, and defend a thesis topic to complete a program of study consistent with his or her interests.
Financial assistance is an integral component of our graduate program. The primary
form of financial assistance is a graduate assistantship in the form of a stipend
and partial tuition waiver. Graduate assistantships are awarded on a competitive basis
with continuance dependent upon satisfactory progress toward degree requirements and
performance of assigned duties. Each student on an assistantship is assigned to work
for one or two faculty members, assisting with their ongoing research and/or teaching
work. Specific duties will vary by faculty member, and from semester to semester.
The department’s graduate program chairperson coordinates assignments.