by Jonathan Merkan

Created on: October 17, 2008

Master of Economics: Is it right for me?

Alfred Marshall defined economics as "a study of mankind in the ordinary business of life."

John Maynard Keynes said that "the theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique which helps its possessor to draw correct conclusions."

Getting a Master's degree in Economics is not an easy task to achieve by any means. A Master's degree in Economics is based around students who are seeking careers in technical financial analysis, lawyers who are looking to gain an advantage in microeconomics, theory, and cost benefit analysis. As well as individuals who are aspiring to achieve balance for positions in the workforce for the government such as consulting or theory based jobs. Though many colleges offer these programs either on-line or in a classroom environment the journey to being awarded the Master's of Economics degree will be time consuming and difficult.

Now that we are passed what a Master's of Economics is and what it will take from you to get one let us dive a little further. Does working in an economic career make you happy? Is what you want to do with your career economics? Does working with economics fit what you want to do with your career?

Graduates with a degree in economics earn, on average, high salaries. A survey by the National Association of Business Economists found the median annual base salary for economists was $70,000. Data shows that economics majors have higher earning potential than other business or social science majors. To view more information on salaries earned by economics majors, check out the web site below.

HTTP://www.oswego.edu/~economic/salary.htm

There are many job opportunities in today's work force for economics, thus finding a job can become a somewhat easy adventure. The task of achieving that Master's of Economics will be a struggle. The easy at which you land that job working with Economics is based on how you present yourself and your dedication to that job. Though the pay can be high, depending on what job you do get, the one main focus is whether it is rewarding for you as a person. So, think about the whole picture. Is this the job I want as my career? Do I want my career evolving around the evolution of Economics? Does this career choice best suit me? When you can answer these questions then you can make an informed decision on whether you want to strive for that Master's of Economics. Remember that for you to make a choice for your career gather all the information that you can so that your decision is based on information rather than opinion or desires.

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