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How Do I Get a Master's in Behavioral Economics?

Dan Cavallari
Dan Cavallari

Entering the complex field of behavioral economics will usually require that you earn a master's degree, but before you can enroll in a graduate program, you will need to complete both your high school and your undergraduate education. A master's in behavioral economics will focus on micro and macro economic topics, analysis, mathematics, and statistics, so your undergraduate degree should prepare you for a master's in behavioral economics by providing a basic education in these areas. Once you complete your undergraduate degree, you will need to apply for a master's program that will suit your needs.

While in high school, it is a good idea to focus on mathematics courses as much as possible, as these will be the most relevant skills during your undergraduate degree program. While you are completing undergraduate coursework, it is wise to work toward a degree in mathematics or statistics, or in economics if such a degree is offered. Try to keep a high grade point average (GPA), particularly within your major, so you will be a more competitive candidate for acceptance to a program for a master's in behavioral economics. Research various programs while you are still an undergrad so you have a better idea of which programs you will want to apply to.

Businesswoman talking on a mobile phone
Businesswoman talking on a mobile phone

Remember that application fees for a master's in behavioral economics will apply, and you will very likely need to write a letter of intent that clearly states your goals both while enrolled in the program and after graduation. It is a good idea to think about what careers you may want to pursue, or whether you will want to continue your education and earn a PhD. This will give you a clearer understanding of how the master's in behavioral economics will benefit you in the future.

Once you are enrolled in the program, be prepared to dedicate two years or more to your studies, depending on whether you are enrolled full- or part-time. The program can be rigorous, and you may be required to write a master's thesis, which is a thorough document that analyzes some concept or concepts within the field of behavioral economics. This is usually done in the second year, and you will need to complete other relevant coursework before you begin research on your thesis paper. It is a good idea to research the various courses of study before you enroll in a particular program to ensure the coursework fits your career goals and educational needs.

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