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New online master’s degree in economics teaches STEM students business acumen

Graduate Programs

Wednesday, October 9th, 2013

If you are looking for the next generation of global business leaders in STEM fields, you’ll find graduates of the Krannert School of Management at the front of the field. With the advantage of being part of a globally recognized research university, we are taking Purdue’s renowned Science, Technology, Engineering and Mathematics (STEM) programs and complementing them with business acumen.

image of hands on a keyboardAlthough we have several programs that marry business with STEM, I’d like to talk about just one today, our new online master’s degree in economics . It is the first program of its kind offered by a university known for its strength in STEM, giving students with strong quantitative backgrounds insight into business, markets and government.

Affordable and flexible

The online program offers the same quality as our full-time campus program, with the same courses and Purdue professors teaching them:

  • 30 credit hours
  • 2-year, part-time program
  • 7 credit hours max per semester

Students completing the program online can continue employment, with some employers paying for at least a portion of the cost, making the program more affordable than full-time, on-campus offerings.

First-year courses focus on economic theory and econometrics. Students then choose to concentrate in either applied economics/business, which develops decision-making skills for management and policy-making, or advanced economic theory, which readies students for entry into doctoral programs.

Many have STEM bachelor’s degrees

The first class, which began in August, includes 18 students with bachelor’s degrees in:

  • Economics
  • Engineering
  • Law
  • Technology
  • Mathematics

The program includes domestic and international students as well as active-duty military personnel, who can complete the program from wherever they are stationed.

Students at Purdue already earning a minor in economics can take credit hours earned and apply them toward the 30 credits needed for the master’s degree. Most of the first-year courses can be completed during the senior year. Students may accept full-time positions upon graduating with a bachelor’s degree, then complete the remaining courses for their master’s as a part-time, online student.

Option includes one-year residence

For international students who want to study full-time in the U.S., a hybrid version is in the works, which would include a year of online study and a year on campus.  The alternate version of the M.S. online will have a thesis option requiring residence on campus in the second year.

I look forward to telling you more in future posts about other business programs we offer at Krannert which uniquely qualify our graduates to lead the next generation of STEM innovators.

Warm Regards,


Chris Earley

Dean, Krannert School of Management

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