What is Economics?


Economics is a popular field of study in New York, with many colleges and universities offering degree programs in this discipline. These programs provide students with a solid foundation in economic theory, statistics, and analysis - preparing them for a wide range of career opportunities in both the public and private sectors.

New York boasts numerous esteemed universities that provide economics degree programs such as Columbia, New York University, and Cornell Universities. At these institutions, students can take advantage of rigorous academic curriculum taught by knowledgeable professors who are experts in their respective fields.

Economics degree programs in New York generally cover an array of subjects such as microeconomics, macroeconomics, econometrics, and financial economics. Students also have the chance to take electives courses such as international economics, labor economics, and economic development.

After graduating their degree programs in New York, economics graduates have numerous career options open to them. Most typically they seek employment within financial services firms, government agencies, non-profit organizations, or research institutions; with common job titles for these graduates including financial analyst, economic consultant, policy analyst, or research economist.

According to the Bureau of Labor Statistics, as of May 2020, there were approximately 57,870 economists employed in the United States. While specific data for New York economists is not readily available, it can be assumed that a significant portion of these professionals are employed in the state, given its strong economy and concentration of financial and research institutions.

Students interested in finding the best economics colleges for them will have a huge number of options in New York state. These options may include Columbia University, NY Binghamton University, Colgate University, Vassar College, Fordham University, Barnard College, COrnell University, Hamilton College, many SUNY colleges, and more. Colleges in New York can find schools located in a variety of local cities such as Rochester, Syracuse, Albany, etc. Whether you're looking to attend college in a large city or small town, if you want to move across the state, across the country, or choose a nearby institution - economics majors can receive the education they need in New York.

Featured Online Programs

Top Ranked Campus & Online Economics Programs in New York


1
  • Undergraduate Tuition
    • In-State: $69,045
    • Out-of-State:$69,045
  • Net Price: $22,058
  • Acceptance Rate: 4%
  • Retention Rate: 98%
  • Graduation Rate: 95%
  • Total Enrollment: 34,782
  • Undergrad Students: 8,902
  • Graduate Students: 25,880
  • Grads Salary: $91,000
  • Student-to-faculty: 6:1
  • Columbia University
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2

Cornell University

Score: 83.05

  • Undergraduate Tuition
    • In-State: $66,014
    • Out-of-State:$66,014
  • Net Price: $26,060
  • Acceptance Rate: 7%
  • Retention Rate: 97%
  • Graduation Rate: 95%
  • Total Enrollment: 25,898
  • Undergrad Students: 15,735
  • Graduate Students: 10,163
  • Grads Salary: $93,000
  • Student-to-faculty: 9:1
  • Cornell University
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3
  • Undergraduate Tuition
    • In-State: N/A
    • Out-of-State:N/A
  • Net Price: N/A
  • Acceptance Rate: 12%
  • Retention Rate: 94%
  • Graduation Rate: 88%
  • Total Enrollment: 4,393
  • Undergrad Students: 4,393
  • Graduate Students: N/A
  • Grads Salary: $121,000
  • Student-to-faculty: 7:1
  • United States Military Academy at West Point
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4

Colgate University

Score: 80.8

  • Undergraduate Tuition
    • In-State: $67,024
    • Out-of-State:$67,024
  • Net Price: $27,074
  • Acceptance Rate: 12%
  • Retention Rate: 94%
  • Graduation Rate: 91%
  • Total Enrollment: 3,141
  • Undergrad Students: 3,130
  • Graduate Students: 11
  • Grads Salary: $92,000
  • Student-to-faculty: 9:1
  • Colgate University
5

Hamilton College

Score: 78.95

  • Undergraduate Tuition
    • In-State: $65,740
    • Out-of-State:$65,740
  • Net Price: $24,503
  • Acceptance Rate: 12%
  • Retention Rate: 95%
  • Graduation Rate: 92%
  • Total Enrollment: 2,072
  • Undergrad Students: 2,072
  • Graduate Students: N/A
  • Grads Salary: $83,000
  • Student-to-faculty: 9:1
  • Hamilton College
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6
  • Undergraduate Tuition
    • In-State: $60,438
    • Out-of-State:$60,438
  • Net Price: $29,499
  • Acceptance Rate: 12%
  • Retention Rate: 95%
  • Graduation Rate: 87%
  • Total Enrollment: 59,144
  • Undergrad Students: 29,401
  • Graduate Students: 29,743
  • Grads Salary: $87,000
  • Student-to-faculty: 8:1
  • New York University
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7

Barnard College

Score: 77.05

  • Undergraduate Tuition
    • In-State: $66,246
    • Out-of-State:$66,246
  • Net Price: $26,009
  • Acceptance Rate: 9%
  • Retention Rate: 96%
  • Graduation Rate: 92%
  • Total Enrollment: 3,442
  • Undergrad Students: 3,442
  • Graduate Students: N/A
  • Grads Salary: $79,000
  • Student-to-faculty: 10:1
  • Barnard College
8

Vassar College

Score: 74.8

  • Undergraduate Tuition
    • In-State: $67,805
    • Out-of-State:$67,805
  • Net Price: $30,603
  • Acceptance Rate: 19%
  • Retention Rate: 94%
  • Graduation Rate: 92%
  • Total Enrollment: 2,459
  • Undergrad Students: 2,459
  • Graduate Students: N/A
  • Grads Salary: $75,000
  • Student-to-faculty: 7:1
  • Vassar College
9
  • Undergraduate Tuition
    • In-State: $10,363
    • Out-of-State:$29,453
  • Net Price: $19,535
  • Acceptance Rate: 42%
  • Retention Rate: 91%
  • Graduation Rate: 83%
  • Total Enrollment: 18,312
  • Undergrad Students: 14,402
  • Graduate Students: 3,910
  • Grads Salary: $90,000
  • Student-to-faculty: 19:1
  • Binghamton University
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10
  • Undergraduate Tuition
    • In-State: $64,348
    • Out-of-State:$64,348
  • Net Price: $39,775
  • Acceptance Rate: 39%
  • Retention Rate: 92%
  • Graduation Rate: 90%
  • Total Enrollment: 12,197
  • Undergrad Students: 6,767
  • Graduate Students: 5,430
  • Grads Salary: $86,000
  • Student-to-faculty: 9:1
  • University of Rochester
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11
  • Undergraduate Tuition
    • In-State: $61,884
    • Out-of-State:$61,884
  • Net Price: $39,127
  • Acceptance Rate: 65%
  • Retention Rate: 89%
  • Graduation Rate: 84%
  • Total Enrollment: 6,968
  • Undergrad Students: 5,902
  • Graduate Students: 1,066
  • Grads Salary: $97,000
  • Student-to-faculty: 12:1
  • Rensselaer Polytechnic Institute
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12
  • Undergraduate Tuition
    • In-State: $7,464
    • Out-of-State:$15,414
  • Net Price: $4,991
  • Acceptance Rate: 50%
  • Retention Rate: 84%
  • Graduation Rate: 74%
  • Total Enrollment: 19,854
  • Undergrad Students: 15,896
  • Graduate Students: 3,958
  • Grads Salary: $81,000
  • Student-to-faculty: 19:1
  • CUNY Bernard M Baruch College
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13

Union College-Schenectady

Score: 72.06

  • Undergraduate Tuition
    • In-State: $66,456
    • Out-of-State:$66,456
  • Net Price: $41,136
  • Acceptance Rate: 47%
  • Retention Rate: 89%
  • Graduation Rate: 85%
  • Total Enrollment: 2,107
  • Undergrad Students: 2,107
  • Graduate Students: N/A
  • Grads Salary: $90,000
  • Student-to-faculty: 9:1
  • Union College-Schenectady
14
  • Undergraduate Tuition
    • In-State: $10,560
    • Out-of-State:$30,350
  • Net Price: $17,213
  • Acceptance Rate: 49%
  • Retention Rate: 88%
  • Graduation Rate: 78%
  • Total Enrollment: 25,710
  • Undergrad Students: 17,509
  • Graduate Students: 8,201
  • Grads Salary: $86,000
  • Student-to-faculty: 19:1
  • Stony Brook University
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15

Skidmore College

Score: 70.84

  • Undergraduate Tuition
    • In-State: $65,030
    • Out-of-State:$65,030
  • Net Price: $33,389
  • Acceptance Rate: 26%
  • Retention Rate: 88%
  • Graduation Rate: 84%
  • Total Enrollment: 2,758
  • Undergrad Students: 2,758
  • Graduate Students: N/A
  • Grads Salary: $76,000
  • Student-to-faculty: 8:1
  • Skidmore College
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16

Yeshiva University

Score: 70.54

  • Undergraduate Tuition
    • In-State: $49,900
    • Out-of-State:$49,900
  • Net Price: $35,912
  • Acceptance Rate: 63%
  • Retention Rate: 92%
  • Graduation Rate: 85%
  • Total Enrollment: 6,056
  • Undergrad Students: 2,866
  • Graduate Students: 3,190
  • Grads Salary: $80,000
  • Student-to-faculty: 7:1
  • Yeshiva University
17
  • Undergraduate Tuition
    • In-State: $7,340
    • Out-of-State:$15,290
  • Net Price: $5,181
  • Acceptance Rate: 67%
  • Retention Rate: 75%
  • Graduation Rate: 59%
  • Total Enrollment: 14,489
  • Undergrad Students: 11,929
  • Graduate Students: 2,560
  • Grads Salary: $81,000
  • Student-to-faculty: 14:1
  • CUNY City College
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18
  • Undergraduate Tuition
    • In-State: $10,782
    • Out-of-State:$30,572
  • Net Price: $18,524
  • Acceptance Rate: 68%
  • Retention Rate: 84%
  • Graduation Rate: 74%
  • Total Enrollment: 32,099
  • Undergrad Students: 20,761
  • Graduate Students: 11,338
  • Grads Salary: $76,000
  • Student-to-faculty: 12:1
  • University at Buffalo
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19
  • Undergraduate Tuition
    • In-State: $7,452
    • Out-of-State:$15,402
  • Net Price: $5,972
  • Acceptance Rate: 55%
  • Retention Rate: 77%
  • Graduation Rate: 55%
  • Total Enrollment: 14,195
  • Undergrad Students: 11,661
  • Graduate Students: 2,534
  • Grads Salary: $76,000
  • Student-to-faculty: 13:1
  • CUNY Brooklyn College
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20
  • Undergraduate Tuition
    • In-State: $63,061
    • Out-of-State:$63,061
  • Net Price: $43,651
  • Acceptance Rate: 52%
  • Retention Rate: 91%
  • Graduation Rate: 83%
  • Total Enrollment: 22,698
  • Undergrad Students: 15,421
  • Graduate Students: 7,277
  • Grads Salary: $85,000
  • Student-to-faculty: 15:1
  • Syracuse University
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21
  • Undergraduate Tuition
    • In-State: $7,382
    • Out-of-State:$15,332
  • Net Price: $4,848
  • Acceptance Rate: 48%
  • Retention Rate: 80%
  • Graduation Rate: 56%
  • Total Enrollment: 22,970
  • Undergrad Students: 17,256
  • Graduate Students: 5,714
  • Grads Salary: $73,000
  • Student-to-faculty: 14:1
  • CUNY Hunter College
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22

Touro University

Score: 66.62

  • Undergraduate Tuition
    • In-State: $21,810
    • Out-of-State:$21,810
  • Net Price: $23,960
  • Acceptance Rate: 71%
  • Retention Rate: 84%
  • Graduation Rate: 68%
  • Total Enrollment: 11,111
  • Undergrad Students: 4,860
  • Graduate Students: 6,251
  • Grads Salary: $77,000
  • Student-to-faculty: 9:1
  • Touro University
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23

St. Lawrence University

Score: 66.23

  • Undergraduate Tuition
    • In-State: $63,870
    • Out-of-State:$63,870
  • Net Price: $33,283
  • Acceptance Rate: 63%
  • Retention Rate: 85%
  • Graduation Rate: 83%
  • Total Enrollment: 2,175
  • Undergrad Students: 2,145
  • Graduate Students: 30
  • Grads Salary: $73,000
  • Student-to-faculty: 11:1
  • St. Lawrence University
24

Manhattan College

Score: 65.84

  • Undergraduate Tuition
    • In-State: $50,850
    • Out-of-State:$50,850
  • Net Price: $29,535
  • Acceptance Rate: 82%
  • Retention Rate: 76%
  • Graduation Rate: 72%
  • Total Enrollment: 3,575
  • Undergrad Students: 3,066
  • Graduate Students: 509
  • Grads Salary: $83,000
  • Student-to-faculty: 11:1
  • Manhattan College
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25

SUNY College at Geneseo

Score: 65.81

  • Undergraduate Tuition
    • In-State: $8,966
    • Out-of-State:$19,206
  • Net Price: $19,557
  • Acceptance Rate: 75%
  • Retention Rate: 86%
  • Graduation Rate: 74%
  • Total Enrollment: 4,184
  • Undergrad Students: 4,110
  • Graduate Students: 74
  • Grads Salary: $74,000
  • Student-to-faculty: 16:1
  • SUNY College at Geneseo

Online Economics Education in New York


Economics is a social science that studies the production, distribution, and consumption of goods and services. It looks at how individuals, businesses, governments, and societies make choices about how to allocate resources in order to satisfy their needs and wants.

Economics can be divided into two branches - microeconomics and macroeconomics. Microeconomics studies the actions of individuals and industries - how consumers make buying decisions or businesses decide what products or services to produce; macroecnomics provides a larger view of economic factors like inflation, unemployment, growth potential, and fiscal policies - such as money supply.

Economics has earned itself the nickname of "dismal science" due to its study of complex, often contentious issues. Economic theories can provide us with insight into why certain people make certain decisions, why prices rise or fall and why certain industries thrive while others falter.

Economic knowledge can be applied across numerous fields such as business, finance, government, and personal finances. Studying economics helps develop analytical and critical thinking skills which can be applied to various real-life problems and situations. Whether you're interested in pursuing a career in economics or simply want to understand the world around you better, studying economics can be a valuable and enlightening experience.

Online Associates (AS)

An associate degree in economics provides the perfect starting point for budding economists hoping to kick-start their career journey. With its focus on economic theory, statistics, and financial analysis - as well as on equipping students with transferrable skills highly sought-after on the job market - an associate degree can open doors into various fields like banking, consulting, or government agencies.

One of the greatest advantages of earning an associate degree in economics is its flexibility. Graduates may either immediately enter the workforce, or transfer their credits to a four-year institution for bachelor's studies - offering students more options depending on their career goals and aspirations. Furthermore, this route to an education can provide cost-effective means of starting your journey while still acquiring invaluable knowledge that applies across multiple professions.

UniversityHQ national rankings - top 25 online associate in economics

Online Bachelors (BS)

Economics is an intriguing field that delves deep into understanding financial systems, markets, and decision-making processes. Pursuing a bachelor's degree in economics can equip students with valuable analytical skills, critical thinking abilities, and a foundation in economic theory - skills which open doors in various industries such as banking, consulting, and government, as well as providing an excellent basis for further academic pursuits or advanced degrees.

Moreover, studying economics at the undergraduate level allows students to explore diverse topics like macroeconomics, microeconomics, econometrics, and international trade. By analyzing real-world issues through an economic lens, students can gain insights into how policies impact societies and individuals on both a local and global scale. Overall, a bachelor's degree in economics offers a versatile skill set that is highly sought after by employers in today's competitive job market.

UniversityHQ national rankings - top 25 online bachelors in economics

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Online Masters (MS)

Pursuing a master's degree in economics opens doors to a world of limitless possibilities for students in New York. By delving deeper into economic theories, data analysis, and policy implications - individuals can equip themselves with the skills needed to thrive in various sectors such as banking, government, consulting, and academia. These advanced degrees not only enhance critical thinking and problem-solving abilities but also provide a competitive edge in today's dynamic job market.

An advanced degree in economics offers students the chance to specialize in areas like international economics, financial economics, and public policy. Through coursework and practical experiences, individuals can gain invaluable insights into global markets and policymaking processes - as well as networking opportunities with industry experts and potential internship or research collaboration opportunities that could shape a future career in economics.

UniversityHQ national rankings - top 25 online masters in economics

Online Doctorate (PhD)

Engagement in PhD economics research goes beyond mere academic pursuit; it represents an undertaking that promises to reveal the complexities of global economic systems. Doctoral candidates using advanced econometric models and cutting-edge research methodologies face the unique challenge of pushing the limits of economic theory and policy implications while contributing original knowledge through dissertation research can make a real-world difference for complex economic issues.

One notable characteristic of earning a PhD in economics is its multidisciplinary nature. Doctoral students collaborate with experts from diverse fields like sociology, political science, mathematics, and more to foster an in-depth knowledge of economic phenomena. Through collaboration among specialists across these various fields, they create an environment which supports innovation while creating more interdisciplinary approaches toward solving real-world problems. Ultimately earning their doctorate equips individuals with tools necessary for meaningful change on both a local and global scale.

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Online Certifications

Economics certifications offer individuals looking to strengthen their skills and credibility in an increasingly competitive job market an effective means of increasing both. Going beyond traditional degrees, economic certifications provide a focused overview of specific economic principles and practices - opening doors to careers such as Certified Business Economist (CBE) or Chartered Financial Analyst (CFA) credentials which could open careers in finance consulting or public policy for New York aspiring economists.

Economics certifications demonstrate a dedication to continuous learning and professional growth - traits highly prized by employers looking for top talent in today's unpredictable economy. Employers seek tangible proof of expertise and competency when recruiting top talent; economics certifications provide tangible proof, giving candidates an edge when applying for advanced positions or promotions in New York City's bustling economic landscape. Furthermore, having relevant certifications sets individuals apart among hundreds of qualified individuals competing for lucrative opportunities across industries.

Become an Economist in New York


Economists play a crucial role in shaping economic policies, advising businesses, and forecasting market trends, making it a challenging and rewarding career path to embark on. Here are a few steps you can take to become an economist in New York.

  • Step 1: Earn a Bachelor's Degree in Economics

    To become an economist, the first step should be earning a bachelor's degree from an accredited university in economics. Coursework should cover microeconomics, macroeconomics, econometrics, economic theory, and more.

  • Step 2: Gain Work Experience

    Many entry-level economist positions require some form of work experience through internships, research assistant positions, or similar roles. Accumulating this experience will enable you to build up knowledge and abilities relevant to economics.

  • Step 3: Pursue a Master's Degree or PhD in Economics

    While not necessary, earning either an advanced degree such as a Master of Arts in Economics or Doctorate of Philosophy in Economic can significantly expand your career opportunities as an economist. These advanced degrees give an in-depth knowledge of economic principles and research methods which makes you a more attractive candidate for higher-level positions.

  • Step 4: Obtain Certifications

    Obtain certifications such as the Chartered Financial Analyst (CFA) designation or Certified Business Economist (CBE) credential to demonstrate your expertise and commitment to economics.

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What Can I Do with a Bachelor's in Economics?


An economics bachelor's degree can open doors to an abundance of career possibilities for you. Aside from becoming an economist or financial analyst, this degree may open doors to government roles, market research firms, consulting firms, and more. With your understanding of economic principles and analytical capabilities, you could excel in areas such as data analysis, policy development, and strategic planning.

An economics degree gives you a distinct edge when it comes to global trade, market dynamics, and consumer behavior issues. You could use your education from this degree in international organizations such as the World Bank or continue your studies into fields like law or business administration - its versatility allowing you to adapt quickly across various industries while making informed decisions based on sound economic reasoning.

Potential Careers for Economics Graduates


Postsecondary Mathematics Teacher:

Postsecondary mathematics instructors are responsible for educating college and university students on various mathematical concepts and topics. They must create lesson plans, deliver lectures, facilitate discussions, and assess student understanding with assignments, exams, or projects.

Necessary Requirements:

  • Master's or doctoral degree in mathematics or a related field
  • Prior teaching experience at the postsecondary level is preferred
  • Strong knowledge of mathematical concepts and theories
  • Excellent communication and interpersonal skills
  • Ability to effectively explain complex mathematical concepts to students of varying levels of understanding

Estimated Salary

  • The mean annual wage for mathematical science teachers, postsecondary in the US in 2022 was $95,320
  • The mean annual wage for mathematical science teachers, postsecondary in New York is $120,480

Risk Manager:

Imagine a world without risk managers, where every decision made by businesses could have severe repercussions. Risk managers are heroes in the financial world, using their expertise to identify threats and devise mitigation plans to protect themselves from them. In today's rapidly-evolving economic landscape, risk managers' role is even more essential as they navigate complex markets to maintain stability in uncertain times.

Necessary Requirements:

  • Bachelor's degree in finance, business, or a related field
  • Proven experience in risk management or a similar role
  • Strong analytical and problem-solving skills
  • Knowledge of regulatory requirements and best practices in risk management
  • Excellent communication and interpersonal skills
  • Certification in risk management (e.g., CRM, FRM) is preferred

Estimated Salary

  • The median annual wage for financial managers in the US in 2022 was $156,100
  • The median annual wage for financial managers in New York is $241,150

Supply Chain Analyst/Manager:

Supply chain analysts play an integral role in streamlining the flow of goods and services from production to consumption using data analytics and market trends. Leveraging their expertise, supply chain analysts help businesses improve efficiency and cost effectiveness across their supply chains - which has become even more vital with globalization and E-commerce upending business landscapes worldwide. Supply chain analysts contribute significantly toward driving innovation and sustainability in industries worldwide.

Necessary Requirements:

  • Bachelor's degree in supply chain management, logistics, business administration, or a related field
  • Proven experience in supply chain analysis or a similar role
  • Proficiency in data analysis tools and software
  • Strong analytical and problem-solving skills
  • Excellent communication and interpersonal abilities
  • Knowledge of supply chain principles, logistics, and inventory management techniques

Estimated Salary

  • The median annual wage for logisticians in the US in 2022 was $79,400
  • The mean annual wage for logisticians in New York is $96,030
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Operations Manager:

As an operations manager, your role is dynamic and requires keen attention to detail, strategic thinking, and excellent problem-solving abilities. This is in addition to overseeing daily functions and orchestrating various departments toward reaching organizational goals.

Necessary Requirements:

  • Bachelor's degree in operations management, bachelors in business management or a related field
  • Proven experience in operations management or a similar role
  • Strong leadership and decision-making skills
  • Excellent communication and organizational abilities
  • Proficiency in using relevant software applications
  • Knowledge of industry best practices and trends
  • Ability to work under pressure and meet deadlines

Estimated Salary

  • The mean annual wage for general and operations managers in the US in 2022 was $129,330
  • The mean annual wage for general and operations managers in New York is $165,000
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