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Compare Popular Online Economics Programs
What is Economics?
Choosing to pursue an online or on-campus economics majors in West Virginia opens the door to a wealth of opportunities. Either of these options can offer robust coursework that prepares you for diverse career paths in business, government, and beyond.
Economics students have access to unique learning opportunities, including economic forecasting and data analysis, which are vital skills in today's job market. You will also engage in exciting projects that can help build a solid foundation in economic theory and practice.
With flexible online education options, earning your economics degree in West Virginia has never been more convenient. Whether you’re navigating the financial aspects of your education or exploring various certifications and career paths, there are resources and support to guide you every step of the way.
Overview of the Economics Field in West Virginia
Economics programs at West Virginia universities provide comprehensive understanding of economic principles and help you develop skills necessary for a career as an economist. These programs offer specialized coursework and opportunities for in-depth study.
Understanding of Economic Principles
Universities in West Virginia offer both Bachelor of Arts (BA) and Bachelor of Science (BS) degrees in economics. A BA in economics focuses on a broad liberal arts education, including humanities and social sciences, alongside core economic principles. A BS in economics takes a more quantitative approach. You will engage deeply with mathematics and statistics, preparing you for advanced analysis and research. These degrees are both particularly suited for roles requiring strong analytical skills.
By pursuing any of these degrees, you will study microeconomics, macroeconomics, and econometrics. Courses explore topics like market behavior, policy analysis, and economic forecasting. Advanced coursework helps you understand economic issues like poverty, environmental control, and the impact of laws on economic activities.
Graduates are well-prepared to become economists, taking roles in public policy, finance, or law. The knowledge and skills gained from WV’s economics programs will empower you to analyze complex economic issues and contribute meaningfully to various professional fields.
Online vs. Campus Program Benefits
Choosing between online learning and on-campus education is significant when considering an economics degree in West Virginia. Both options have unique benefits and may suit different individuals based on their circumstances and learning preferences.
Online Learning:
Online programs offer flexibility. You may be able to complete the lowest level programs in one year, and you can manage coursework around your schedule. This is ideal if you are working or have other commitments. The curriculum covers essential areas like data analysis and econometrics, equipping you with valuable skills.
On-campus Education:
On-campus programs provide face-to-face interaction with professors and peers. This can enhance your educational experience through real-time discussions and networking opportunities. You might also have access to campus resources like libraries and seminars. If you prefer a traditional setting, with a structured schedule, on-campus might be the right choice.
Both options aim to prepare you with the necessary analytical skills for the job market. Consider your personal and professional goals when deciding which format best fits your needs.
Online Educational Pathways for an Economics Degree in West Virginia
West Virginia provides a range of educational pathways for those interested in economics. These programs prepare you for careers in both the public and private sectors, focusing on quantitative analysis, policy-making, and economic theories.
Online Associate Degree in Economics (AS)
An associate degree in economics can be a great starting point for undergraduate students who are looking to enter a financial field quickly. These programs usually take about two years to complete and will cover basics in microeconomics, macroeconomics, and statistics. These degrees are also often a steppingstone to a bachelor's program and can open entry-level opportunities in business and government sectors.
National Rankings - online AS in economicsOnline Bachelor’s Degree in Economics (BS)
A bachelor’s degree in economics offers a deeper understanding of economic theories and data analysis. Online options in West Virginia can help you balance your studies with work or personal commitments. The curriculum includes advanced courses in econometrics, international economics, and public policy. Graduates can pursue careers as financial analysts, data consultants, or continue with postgraduate studies.
National Rankings - online BS in economicsOnline Master’s Degree in Economics (MS)
A graduate school master’s degree in economics stands out due to its high-level quantitative focus. The program can be completed in one to two years and can prepare you to analyze complex policy issues using modern econometric methods. Graduates often move into roles in policy analysis, economic consulting, or academia. You may also choose to earn a master's degree in business administration with a concentration on an economics major such as monetary and fiscal policy.
National Rankings - online MS in economicsOnline PhD in Economics (PhD)
A PhD in economics is ideal if you aim to engage in academic research or specialized economic fields. Specializations include health economics, monetary economics, and public economics. The online coursework supports deep dives into theory and practical applications, fostering opportunities in academia and high-level consulting roles.
Get our resources and scholarships guide for business How to Pay for College guideOnline Economics Certifications
For those seeking to enhance specific skills, economics certifications are a flexible option. These programs allow you to focus on areas such as data analysis, public policy, or fiscal management. Certifications can be completed more quickly than degree programs and are a useful way to augment your existing qualifications, enhancing your career prospects in targeted economic fields.
Funding Your Education
Funding your economics education involves understanding tuition costs, fees, and available financial aid and scholarships. Here's a breakdown of what you need to know to manage the expenses of your economics degree.
Find Online Economics Schools
Tuition Cost and Fees
Tuition for an economics degree in West Virginia varies by institution. For instance, some universities in West Virginia offer MS in Economics, which costs around $30,120 for both residents and non-residents.
Additionally, universities provide Resource Economics and Management MS with a total cost of $21,570. It's essential to factor in mandatory fees and academic program fees beyond standard tuition.
Comparing multiple programs is crucial. For example, the same type of BA degree in economics might have different cost structures across various schools, so research and planning are vital.
Financial Aid and Scholarships
West Virginia offers several financial aid options to support your economics education. The WV Invests Grant is a notable program, offering last-dollar financial aid to cover tuition and fees for high-demand fields, including economics.
Universities in West Virginia also have comprehensive financial aid support systems. You can explore scholarships, grants, and loans through their Student Financial Aid Offices. Scholarships can significantly reduce your education costs, so investigate all your options carefully.
Some employers may provide financial support for earning your graduate degree. Check with your HR department to see if this benefit is available to you.
Exploring these financial aid resources can make obtaining your economics degree more affordable and less stressful.
Certifications and Licensures
To work as an economist or statistician, you might need specific certifications or to be licensed depending on your field and career goals. These credentials will validate your expertise and can be essential for employment.
Various organizations provide certifications and licensures for economists and statisticians. For economists, the Certified Business Economist (CBE) certification from the National Association for Business Economics (NABE) is highly regarded.
Statisticians often pursue the Accredited Professional Statistician (PStat)® designation from the American Statistical Association (ASA). This credential demonstrates your proficiency and commitment to the field.
Credentials from these bodies involves meeting education requirements and passing exams. They ensure that you have the necessary skills and knowledge to excel in your profession. Organizations also offer resources, continuing education, and networking opportunities to support your career development.
Potential Careers and Salaries for Economics Graduates
Economics degree graduates in West Virginia have diverse career options available, offering competitive salaries and opportunities to leverage their analytical skills. Here are just a few of the roles that you might have access to after completing a degree in this or a related field.
Policy Analyst:
Job description: As a policy analyst, you will study economic trends related to government policies and corporate regulations. Policy analysts often work in government agencies or think tanks. Duties include data collection, trend analysis, and making policy recommendations. This role suits those interested in shaping public policy based on economic data.
Requirements:
- Master's degree, Growth Potential 7% (Faster than average)
- Research new proposed policies
- Collect data from primary and secondary sources
- Analyze the data and draft a proposal on the impacts
- Develop solutions for affected organizations
Median Salary: $132,350
Financial Advisor:
Job description: Financial advisors help individuals and businesses make sound financial decisions. Financial advisors might work with local banks, financial firms, or independently. They provide advice on investments, retirement plans, and estate planning. Strong interpersonal skills and a solid understanding of economics are essential for success in this role.
Requirements:
- Bachelor's degree, Growth Potential 13% (Much faster than average)
- Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate
- Meet with clients to discuss their financial goals
- Explain to potential clients the types of financial services they provide
- Educate clients and answer questions about investment options and potential risks
Median Salary: $150,670
Learn moreLogistician:
Job description: Logisticians manage supply chains and ensure the efficient movement of goods and services. This job is critical in industries such as manufacturing and retail, which are significant in West Virginia. Key responsibilities include inventory management, transportation coordination, and process optimization. This role requires strong analytical and problem-solving skills.
Requirements:
- BS degree in economics or business administration, Growth Potential 18% (Much faster than average)
- Analyze and coordinate the ongoing logistical functions of a firm or organization
- Oversee product acquisition
- Direct the allocation of materials, supplies, and products
- Forecast and direct the alignment of a product’s demand and supply flows
Median Salary: $84,640
Postsecondary Mathematics Teacher:
Job description: Teaching at the postsecondary level in economics involves instructing students in mathematics, with a focus on economic principles and statistics. West Virginia's universities and colleges employ mathematics teachers who guide students through foundational and advanced economic concepts. You'll need at least a master's degree, and often a PhD, to qualify. Teaching also includes developing curricula and, sometimes, conducting research.
Requirements:
- PhD
- Teach courses pertaining to mathematical concepts, statistics, and actuarial science and to the application of original and standardized mathematical techniques in solving specific problems and situations
- Compile, administer, and grade examinations, or assign this work to others
- Evaluate and grade students' class work, assignments, and papers
- Prepare and deliver lectures to undergraduate or graduate students on topics such as linear algebra, differential equations, and discrete mathematics
Median Salary: $95,320
Frequently Asked Questions
What are the prerequisites for enrolling in an economics degree program?
To enroll in an undergraduate economics degree program, you generally need at least a high school diploma. For freshmen, a minimum university GPA of 2.5 is typically required along with specific course prerequisites.
Are there institutions that offer accredited economics degrees in West Virginia?
Yes, universities in West Virginia offer both Bachelor of Arts (BA) and Bachelor of Science (BS) Degrees in Economics. These programs can be your next step towards more advanced education like master’s or even a PhD.
Are there online options for obtaining an economics degree from institutions in West Virginia?
You can pursue an online Master of Science (MS) in Economics in West Virginia. This program is fully online and can be completed in one year, offering you the flexibility to study from anywhere.