What is Economics?
If you are pursuing or aiming to further your career in economics, Florida provides top-tier institutions offering excellent traditional and online economics degree programs. Here, you can find all the essential information required to make informed decisions regarding both your education and future plans. Which degree should you earn? Should you apply for an online program or a traditional, on-campus program? These are questions you may be able to answer after finding out about them here.
We’ll also discuss the career opportunities for economics graduates, along with steps for becoming an economist in Florida. And there will be time given to the financial considerations of pursuing traditional and online economics degrees, which is of vital importance to current students, as is accreditation's impact on quality and recognition of your degree. In other words, everything you are likely to need to know, we will touch on. Keep reading to dive into the exciting world of economics degrees in Florida and discover their immense opportunities.
Featured Online Programs
Top Ranked Campus & Online Economics Programs in Florida
University of Florida
Score: 97.21
- Undergraduate Tuition
- In-State: $6,381
- Out-of-State:$28,659
- Net Price: $11,740
- Acceptance Rate: 23%
- Retention Rate: 97%
- Graduation Rate: 90%
- Total Enrollment: 55,211
- Undergrad Students: 34,552
- Graduate Students: 20,659
- Grads Salary: $79,000
- Student-to-faculty: 16:1
Florida State University
Score: 90.16
- Undergraduate Tuition
- In-State: $5,656
- Out-of-State:$18,786
- Net Price: $14,003
- Acceptance Rate: 25%
- Retention Rate: 94%
- Graduation Rate: 85%
- Total Enrollment: 44,161
- Undergrad Students: 32,936
- Graduate Students: 11,225
- Grads Salary: $71,000
- Student-to-faculty: 17:1
University of South Florida
Score: 87.06
- Undergraduate Tuition
- In-State: $6,410
- Out-of-State:$17,324
- Net Price: $11,004
- Acceptance Rate: 44%
- Retention Rate: 90%
- Graduation Rate: 74%
- Total Enrollment: 49,600
- Undergrad Students: 38,047
- Graduate Students: 11,553
- Grads Salary: $73,000
- Student-to-faculty: 22:1
Florida A&M University
Score: 85.43
- Undergraduate Tuition
- In-State: $5,785
- Out-of-State:$17,725
- Net Price: $11,583
- Acceptance Rate: 33%
- Retention Rate: 90%
- Graduation Rate: 60%
- Total Enrollment: 9,215
- Undergrad Students: 7,709
- Graduate Students: 1,506
- Grads Salary: $74,000
- Student-to-faculty: 14:1
University of Central Florida
Score: 84.97
- Undergraduate Tuition
- In-State: $6,368
- Out-of-State:$22,467
- Net Price: $13,108
- Acceptance Rate: 41%
- Retention Rate: 93%
- Graduation Rate: 76%
- Total Enrollment: 68,346
- Undergrad Students: 58,662
- Graduate Students: 9,684
- Grads Salary: $71,000
- Student-to-faculty: 29:1
University of Miami
Score: 84.63
- Undergraduate Tuition
- In-State: $59,926
- Out-of-State:$59,926
- Net Price: $36,467
- Acceptance Rate: 19%
- Retention Rate: 92%
- Graduation Rate: 84%
- Total Enrollment: 19,402
- Undergrad Students: 12,504
- Graduate Students: 6,898
- Grads Salary: $79,000
- Student-to-faculty: 13:1
Florida International University
Score: 83.7
- Undergraduate Tuition
- In-State: $6,565
- Out-of-State:$18,963
- Net Price: $9,881
- Acceptance Rate: 64%
- Retention Rate: 91%
- Graduation Rate: 69%
- Total Enrollment: 55,609
- Undergrad Students: 45,688
- Graduate Students: 9,921
- Grads Salary: $71,000
- Student-to-faculty: 24:1
University of North Florida
Score: 80.54
- Undergraduate Tuition
- In-State: $6,389
- Out-of-State:$20,793
- Net Price: $11,338
- Acceptance Rate: 71%
- Retention Rate: 80%
- Graduation Rate: 68%
- Total Enrollment: 16,406
- Undergrad Students: 14,171
- Graduate Students: 2,235
- Grads Salary: $68,000
- Student-to-faculty: 19:1
Florida Atlantic University
Score: 80.11
- Undergraduate Tuition
- In-State: $4,879
- Out-of-State:$17,324
- Net Price: $9,711
- Acceptance Rate: 81%
- Retention Rate: 81%
- Graduation Rate: 62%
- Total Enrollment: 29,592
- Undergrad Students: 24,191
- Graduate Students: 5,401
- Grads Salary: $71,000
- Student-to-faculty: 22:1
The University of West Florida
Score: 78.52
- Undergraduate Tuition
- In-State: $6,360
- Out-of-State:$19,241
- Net Price: $8,609
- Acceptance Rate: 48%
- Retention Rate: 85%
- Graduation Rate: 53%
- Total Enrollment: 13,521
- Undergrad Students: 9,291
- Graduate Students: 4,230
- Grads Salary: $67,000
- Student-to-faculty: 22:1
Rollins College
Score: 76.75
- Undergraduate Tuition
- In-State: $58,300
- Out-of-State:$58,300
- Net Price: $35,317
- Acceptance Rate: 50%
- Retention Rate: 86%
- Graduation Rate: 78%
- Total Enrollment: 3,029
- Undergrad Students: 2,583
- Graduate Students: 446
- Grads Salary: $70,000
- Student-to-faculty: 11:1
Florida Gulf Coast University
Score: 75.49
- Undergraduate Tuition
- In-State: $6,118
- Out-of-State:$25,162
- Net Price: $10,834
- Acceptance Rate: 74%
- Retention Rate: 81%
- Graduation Rate: 59%
- Total Enrollment: 15,969
- Undergrad Students: 14,130
- Graduate Students: 1,839
- Grads Salary: $63,000
- Student-to-faculty: 20:1
Jacksonville University
Score: 73.49
- Undergraduate Tuition
- In-State: $46,180
- Out-of-State:$46,180
- Net Price: $26,943
- Acceptance Rate: 58%
- Retention Rate: 63%
- Graduation Rate: 53%
- Total Enrollment: 3,837
- Undergrad Students: 2,563
- Graduate Students: 1,274
- Grads Salary: $76,000
- Student-to-faculty: 13:1
Florida Southern College
Score: 73.21
- Undergraduate Tuition
- In-State: $42,360
- Out-of-State:$42,360
- Net Price: $27,324
- Acceptance Rate: 57%
- Retention Rate: 77%
- Graduation Rate: 68%
- Total Enrollment: 3,281
- Undergrad Students: 2,721
- Graduate Students: 560
- Grads Salary: $65,000
- Student-to-faculty: 14:1
Stetson University
Score: 73.16
- Undergraduate Tuition
- In-State: $55,220
- Out-of-State:$55,220
- Net Price: $25,756
- Acceptance Rate: 94%
- Retention Rate: 68%
- Graduation Rate: 64%
- Total Enrollment: 3,928
- Undergrad Students: 2,561
- Graduate Students: 1,367
- Grads Salary: $71,000
- Student-to-faculty: 11:1
The University of Tampa
Score: 72.68
- Undergraduate Tuition
- In-State: $33,424
- Out-of-State:$33,424
- Net Price: $34,653
- Acceptance Rate: 26%
- Retention Rate: 81%
- Graduation Rate: 66%
- Total Enrollment: 10,566
- Undergrad Students: 9,602
- Graduate Students: 964
- Grads Salary: $68,000
- Student-to-faculty: 17:1
Saint Leo University
Score: 72.24
- Undergraduate Tuition
- In-State: $28,360
- Out-of-State:$28,360
- Net Price: $20,390
- Acceptance Rate: 80%
- Retention Rate: 54%
- Graduation Rate: 49%
- Total Enrollment: 10,242
- Undergrad Students: 7,320
- Graduate Students: 2,922
- Grads Salary: $76,000
- Student-to-faculty: 18:1
St. Thomas University
Score: 69.19
- Undergraduate Tuition
- In-State: $34,770
- Out-of-State:$34,770
- Net Price: $28,654
- Acceptance Rate: 65%
- Retention Rate: 53%
- Graduation Rate: 43%
- Total Enrollment: 6,370
- Undergrad Students: 3,950
- Graduate Students: 2,420
- Grads Salary: $79,000
- Student-to-faculty: 18:1
Eckerd College
Score: 68.18
- Undergraduate Tuition
- In-State: $50,374
- Out-of-State:$50,374
- Net Price: $41,857
- Acceptance Rate: 65%
- Retention Rate: 77%
- Graduation Rate: 68%
- Total Enrollment: 1,993
- Undergrad Students: 1,993
- Graduate Students: N/A
- Grads Salary: $68,000
- Student-to-faculty: 11:1
Flagler College
Score: 67.21
- Undergraduate Tuition
- In-State: $26,610
- Out-of-State:$26,610
- Net Price: $26,547
- Acceptance Rate: 81%
- Retention Rate: 69%
- Graduation Rate: 57%
- Total Enrollment: 2,623
- Undergrad Students: 2,607
- Graduate Students: 16
- Grads Salary: $63,000
- Student-to-faculty: 14:1
Why Pursue an Online Economics Degree in Florida?
Florida provides individuals looking for an economics degree a number of advantages in terms of both career development and further study. One of the main advantages of pursuing an economics degree online in Florida is its flexibility. This allows you to balance your studies around work or other obligations, giving you more control over how, when, and at what pace your education occurs.
Economics degrees from renowned Florida institutions can open an abundance of career possibilities. Graduates with economics backgrounds are in high demand in industries like finance, consulting, government, and international organizations thanks to their analytical and problem-solving skills.
Economics degrees also provide a solid base for further education. Many graduates pursue advanced degrees, such as MBA or law degrees, to give them access to even more diverse and rewarding career pathways. An economics degree equips you with essential knowledge and skills that can set you apart in your chosen area of specialization.
Understanding the Educational Curriculum for Economics Majors
Florida universities can offer various economics programs and economics tracks including options in financial economics, labor economics, managerial economics, econometrics, and more. Here are some degree options and their likely coursework and requirements.
Bachelor's vs. Master's in Economics
When embarking on an economics degree, it’s vitally important to understand the differences between a bachelor's and master's degree. A bachelor's degree in economics typically provides students with a foundation in economic theory, quantitative analysis, research methods, microeconomics, macroeconomics, econometrics, mathematics, and includes various research projects or internships. However, master's degrees in economics provide more specialized and advanced education than their undergraduate counterparts, diving deeper into economic theories, models, and data analysis techniques. Students may also choose an area of specialization or a focused economics major, such as financial economics, managerial economics, international economics, or labor economics, and engage in more extensive research projects in a master’s degree.
An undergraduate economics degree provides the essential knowledge and skills required for entry-level positions, while a master's degree offers more competitive edge and enhanced career opportunities. A master’s is usually preferred over bachelor’s degrees for more advanced roles such as research consulting or policy analysis, but a bachelor’s degree can get you your first roles in the field and help you start to gain experience.
National Online Rankings - Top 25 Bachelors Econ Programs National Online Rankings - Top 25 Masters Econ ProgramsSpecialized Economics Tracks
Florida universities provide various specialized economics tracks that enable students to focus their studies in specific industries or areas of interest, giving them an edge toward reaching their career goals more efficiently.
Some of the specialized economics tracks available in Florida include:
- Financial Economics:
This track focuses on the application of economic theory and quantitative methods to financial markets, investments, and risk management. - International Economics:
This track explores the global economy, international trade, and foreign exchange markets. It prepares students for careers in international business, trade organizations, and government agencies. - Econometrics:
This track emphasizes statistical methods and data analysis techniques to model and analyze economic phenomena. It equips students with advanced quantitative skills and prepares them for careers in economic research and forecasting.
Specialized Track | Career Outcomes |
---|---|
Financial Economics | Financial analyst, investment banker, risk manager |
International Economics | International economist, trade specialist, policy analyst |
Econometrics | Economic researcher, data analyst, forecasting specialist |
Eligibility and Admission Requirements
Before embarking on your economics degree journey, it's essential that you become informed of any eligibility and admission criteria set by universities or colleges.
These may include:
- Completion of specific high school courses, such as mathematics or economics
- Submission of standardized test scores, such as the SAT or ACT
- A minimum grade point average (GPA) requirement
- Letters of recommendation from teachers or mentors
- A personal statement outlining your interest in economics and career aspirations
- Any additional requirements specific to the economics program or institution
Understand and complying with eligibility and admission requirements can increase your chances of admission into an economics program of your choice.
Once you've conducted thorough research into eligibility and admission requirements, it will be easier for you to make an informed decision regarding which degree program would best meet your academic strengths, career aspirations, and personal preferences. Take into consideration which one aligns best with your long-term aims, as well as which learning style best matches up with you and your interests - this decision will shape both your educational experience, coursework, and future opportunities in economics.
Online vs. Traditional Classroom Learning
If you are thinking of enrolling in an economics degree program in Florida, an important decision you'll have to make is between an online program or traditional classroom option. Each has their own advantages and disadvantages and it’s essential that you carefully weigh them all. One of the greatest advantages of earning your economics degree online is its flexibility. Studies can be completed at your own pace and schedule, making it easier to balance study with work, family obligations, or anything else that might take up your time or affect your school schedule. This feature can especially come in handy if you need to maintain employment while studying or have personal obligations that necessitate an accommodating study schedule.
Accessibility is another key advantage of online learning. An economics degree online enables students to study from any location, without the need to relocate or commute, making the degree even more accessible for individuals living in remote areas or who prefer studying from their homes. Furthermore, online programs can save both cost and time associated with commuting.
However, it's also important to recognize any possible drawbacks of an online economics degree program. One key challenge lies in its virtual nature compared to traditional classroom settings, where you have more opportunity to engage in discussions, ask questions, and receive immediate feedback - this can enhance learning experiences while further developing comprehension of course material.
Networking opportunities should also be taken into consideration. A traditional classroom can provide an ideal setting to form relationships and expand your professional network among classmates, professors, and industry professionals who may become valuable contacts for future career advancement. While online programs may offer networking through virtual platforms or communities, these may lack personal depth.
Comparing online and traditional classroom options requires carefully considering their learning experiences. Online economics programs frequently utilize virtual classroom platforms that facilitate interactive learning through multimedia resources, discussion boards, and assignments that aim to replicate as closely as possible the traditional classroom experience.
Decisions on whether to pursue an online economics degree in Florida or opt for traditional classroom learning depend on each person's personal preferences and circumstances. Taking your learning style, lifestyle preferences, long-term goals into consideration will enable you to make an informed decision that aligns with your needs.
Financial Considerations for Economics Degrees
When planning on enrolling in an economics degree program, it is crucial that you factor in all financial considerations associated with it as an investment in your education. Here are a few key aspects you should keep in mind when making your decision:
Tuition
All economics degrees come with differing tuition fees that depend on factors like institution, degree level, and delivery method. Therefore, it’s important that you research and compare various economics degree programs to find one that aligns with both your financial capabilities and goals.
Scholarships and Financial Aid
Economics students can take advantage of various scholarships and financial aid options designed specifically to support them during their degree pursuit. Scholarships and financial aid options available by universities or external organizations may help offset some of the costs of studying and make degrees more obtainable. It is wise to explore scholarship and aid options as soon as possible for maximum support during your degree pursuit.
Return on Investment (ROI)
An economics degree can provide an impressive return on investment (ROI), though getting the best ROI possible will require some forethought. Graduates often enjoy lucrative salary benefits and career advancement opportunities within high-demand industries such as finance, consulting, and government, where earning potential can be significant. By carefully considering all potential financial and career benefits associated with economics degrees, you can determine if they align with your long-term financial goals.
Before making your commitment to any economics degree in Florida, carefully assess your financial situation, research tuition fees and scholarship opportunities, and the expected return on investment for any institutions you are considering. With careful financial planning, you can make an informed decision regarding pursuing one online economics degree over another.
Read our Financial Aid & FAFSA Guide Learn more about business resources and scholarshipsThe Impact of Accreditation on Your Economics Degree
Accreditation plays an essential role in guaranteeing the quality and recognition of economics degrees, and all degrees. Accredited programs meet specific standards of excellence set by accrediting agencies; their approval ensures they adhere to stringent academic requirements while offering high-quality instruction.
Attending an accredited economics program is of great significance to ensuring your degree will be recognized by employers and institutions as accreditation helps build credibility and demonstrates rigorous a education in economics. Employers tend to favor candidates from accredited programs because they are more likely to trust in the quality and rigor of these degrees.
Search Programs Offering Economics Majors
Accreditation can have a dramatic effect on your employment opportunities. Graduating from an accredited program shows potential employers that you have met academic standards and possess all the knowledge and skills needed for success in a field, giving them more confidence that you will secure desirable employment opportunities in the job market. Accreditation gives graduates an edge when competing against one another on job markets - increasing your odds of landing desirable employment positions.
Verifying the accreditation status of any online economics degree program is of utmost importance. Before making your selection, be sure to conduct extensive research on its accreditation status; look out for accreditation from recognized accrediting bodies or specialist organizations in economics or business programs. An accredited economics program gives you confidence in both the quality of education you will receive and recognition by employers or institutions. Accreditation should always be considered when making educational decisions; investing in reputable programs with long-term career advantages will provide greater returns than low-quality ones.
Becoming an Economist in Florida
To become an economist in Florida requires an organized career path with education, skills, and experience at its center.
Here are the main steps toward embarking on a career path in this rewarding profession:
- Obtain an Economics Degree:Â
Start by earning a bachelor's degree in economics from an accredited institution. This degree provides a solid foundation in economic theory, principles, and analytical skills necessary for a career in economics. - Develop Strong Analytical Skills:
As an economist, you will need to analyze complex economic data, identify trends, and make informed predictions. Take advantage of coursework and internships to hone your analytical abilities. - Gain Professional Experience:
 Acquire practical experience by securing internships, cooperative education opportunities, or entry-level positions in economics-related fields. Real-world experience will strengthen your resume and provide valuable insights into the application of economic principles. - Earn a Graduate Degree (Optional):
While a bachelor's degree is often sufficient for entry-level positions, pursuing a graduate degree, such as a master's in economics, can lead to advanced career opportunities and higher earning potential. - Develop Specialized Knowledge:Â
You may also want to consider specializing in a specific field within economics such as finance, international economics, managerial economics, or econometrics. Developing expertise in niche areas can make you more competitive in the job market. - Obtain Professional Certifications:
Professional certifications, such as the Certified Business Economist (CBE) designation offered by the National Association for Business Economics (NABE), can enhance your credentials and demonstrate your expertise to employers. - Apply for Jobs in Florida:
Once you have the necessary qualifications and experience, start applying for economist positions in Florida. Research and target organizations that align with your career goals and interests. - Stay Updated with Industry Trends:
Economics is a constantly evolving field, so it's crucial to stay updated with the latest economic trends, data analysis techniques, and industry developments. Continuously expanding your knowledge will help you remain competitive throughout your career. - Build a Professional Network:
You should actively network with professionals in the economics field through industry conferences, workshops, and professional organizations. Building connections can lead to job opportunities and valuable mentorship.
By taking these steps and continually honing your knowledge and abilities, you can ensure a rewarding career as an economist in Florida.
Potential Economics Careers for Graduates
High-Demand Economics Careers in the Sunshine State
Florida's thriving economy offers abundant opportunities for economics graduates. The state's diverse industries and rapidly growing sectors require professionals who can analyze data, interpret economic trends, and make informed decisions.
Pursuing an economics degree in Florida can lead to rewarding careers in the following high-demand fields:
- Financial Analysis
- Consulting
- Government Policy Analysis
- Market Research
- Data Analysis and Research
These careers can provide excellent job prospects and competitive salaries in the Sunshine State. Whether you're interested in working in the private or public sector, there are numerous opportunities to apply your economics knowledge and skills to contribute to Florida's economic growth.
Roles and Responsibilities of Economics Graduates
As an economics graduate, you'll have a wide range of job responsibilities depending on the industry and role you pursue.
Some common responsibilities for economics graduates include:
- Analyzing economic data and trends
- Conducting market research and forecasting
- Developing economic models and theories
- Evaluating the impact of policies and regulations
- Providing recommendations for business and policy decision
- Writing reports and presenting findings to stakeholders
These responsibilities require strong analytical skills, critical thinking abilities, and a deep understanding of economic principles. Economics graduates are valued for their ability to make sense of complex data, identify patterns, and provide valuable insights that inform decision-making in various sectors.
Career | Median Annual Salary | Job Outlook |
---|---|---|
Financial Analyst | $96,220 | 8% (Faster than average) |
Management Consultant | $95,290 | 10% (Much faster than average) |
Economist | $113,940 | 6% (Faster than average) |
Marketing Research Analyst | $68,230 | 13% (Much faster than average) |
Data Analyst | $62,590 | +25% (Much faster than average) |
Frequently Asked Questions
What are the advantages of pursuing an online economics degree in Florida?
Pursuing an online economics degree in Florida offers flexibility and accessibility, allowing you to balance your studies with work or other commitments. An online economics degree can open a wide range of career opportunities in finance, consulting, government, and international organizations.
Which institutions in Florida offer the best online economics degrees?
Some of the top-ranked institutions in Florida that offer online economics degrees include University of Florida, Florida State University, and University of Miami. These universities and colleges are known for their reputable economics programs and high job placement rates.
What is the difference between a bachelor's degree and a master's degree in economics?
A bachelor's degree in economics provides a foundational understanding of economics theory and principles, while a master's degree delves deeper into specialized topics and may also involve research and practical experience. A master's degree can lead to advanced career opportunities and higher earning potential.
What are the advantages and disadvantages of pursuing an online economics degree?
Online economics degrees offer flexibility and the ability to study at your own pace. However, they may lack face-to-face interaction and networking opportunities compared to traditional classroom settings. Consider your learning style and preferences when deciding between online and traditional classroom options.
What are the career outcomes for economics graduates?
Economics graduates have a wide range of career opportunities including roles in finance, consulting, government, and research organizations. They possess strong analytical and problem-solving skills, making them valuable assets in various industries.
What financial considerations should I keep in mind when pursuing an online economics degree?
Financial considerations for online economics degrees include the cost of tuition fees, available scholarships and grants, and the potential return on investment. It’s important to evaluate the affordability and value of the degree program and explore financial aid options.
sources:
- https://www.eda.gov/grant-resources/economic-development-directory/fl
- https://www.bls.gov/oes/current/oes_fl.htm
- https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm
- https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm
- https://www.bls.gov/ooh/business-and-financial/market-research-analysts.htm
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