M.S. Frequently Asked Questions

Is the M.S. in Economics a STEM program?

Yes, the M.S. in Economics at Georgia Tech is certified as a STEM program.

What is the ranking of the M.S. Economics program at the School of Economics at Georgia Tech?

The Georgia Tech M.S. Economics program is highly ranked and is the top-ten M.S. Economics programs for three of four organizations that rank M.S. Economics programs. Georgia Tech’s M.S. Economics 2020 rankings were: 
            #3 – Grad School Hub 
            #7 – Best College Reviews 
            #10 – College Choice 
            #19 – TFE Times

What are the deadlines for applying to the M.S. in economics program at Georgia Tech?

Review of applications begins on Feb. 1 each year for the following fall cohort. For priority review, please apply by this date. Applications must be in by April 15, the final deadline. 

Current Georgia Tech Economics majors and EIA majors: the deadline for the B.S./M.S. program is May 15. 

Important Note for International Students: Georgia Tech requires additional time to process I20s for international students. International students also need additional time to secure their student visas from the US Consulates in their home countries. We strongly recommend that International Students submit their applications no later than March 1.

When will my cohort begin the M.S. program?

The program is a fall admit program and the first sequence of core classes is only offered in the fall. These courses are prerequisites for courses to be taken the following spring.

What quantitative skills are needed for success in the M.S. program?

The admissions committee will be looking for individuals with strong quantitative skills. The committee will be looking for a strong GRE quant score as well as a strong math background. A fundamental understanding of differential and integral calculus is essential. Students will be working with multivariate differentiation and constrained optimization in their core courses.

All entering students will be required to attend a math boot camp to refresh quantitative skills at the start of the M.S. program. 

Does the M.S. in Economics application require GRE scores?

Yes, we strongly encourage GRE scores for all applicants as a signal of quantitative ability. The average GRE score for the Fall 2022 class was 164. 

Please note that if students have a difficult time paying to register for the GRE, ETS has a fee reduction program. For more information please see https://www.ets.org/gre/revised_general/register/fees/reductions. 

What are the English Language Requirements?

Test of English as a Foreign Language (TOEFL) & IELTS

All international candidates must submit a valid TOEFL or IELTS score to be considered for admission to the program unless one of the following applies:

  • You are a U.S. citizen or permanent resident
  • You are a citizen of a country where English is the SOLE OFFICIAL language of instruction*
  • You have received or will receive a degree from a regionally accredited university in the United States or have attended a regionally accredited university in the United States for at least one academic year.

*Countries where English is the sole official language of instruction include Australia, Bahamas, Barbados, Bermuda, Canada (except Quebec), Cayman Islands, Ghana, Guam, Ireland, Jamaica, Kenya, Liberia, New Zealand, Nigeria, Scotland, St. Vincent and the Grenadines, Singapore, Trinidad, Tobago, Uganda, United Kingdom, and Wales.

TOEFL and IELTS scores are considered valid if submitted within two years of the date on which the test was initially taken. The Institute code for the TOEFL is 5248. If you are taking the IELTS, please search on "Georgia Institute of Technology", then choose "Graduate" to have your scores sent to Georgia Tech.

The required minimum total score on the exams are:

  • TOEFL-Internet-based exam = 95, with minimum section scores of 19 or higher in each skill area.
  • IETLS exam = Overall score minimum of 7, with minimum section scores for reading = 6.5; listening = 6.5; speaking = 6.5; writing = 5.5.

For more details on English proficiency requirements, please see the Graduate Education English Proficency page and contact grad.ask@grad.gatech.edu for any related questions.

Can I submit my unofficial transcript & GRE scores during the application process?

Georgia Tech accepts unofficial transcripts at the time of application. We do not accept screenshots of your grades and courses. If you are admitted, we will then require that you submit your official transcripts. Please see the Graduate Admissions site for more details about the submission of transcripts.

Please note: if you are admitted, you will be required to submit your official transcripts prior to registering for classes. Under no circumstances will a student be permitted to register for classes without an official transcript on file.

If I send the SOE my transcripts, TOEFL, and GRE scores, can you review them and let me know if I am competitive for admission?

Due to the high volume of applications, we cannot pre-screen applications. The School of Economics has a holistic admissions process, which means that we look at multiple aspects of each application before making an admission decision. We do not have predetermined cut-offs, and all candidates who satisfy the graduate school admission requirements are welcome to apply. Georgia Institute of Technology requires proficiency in the English language as demonstrated by the TOEFL or IELTS exams.

I am an international student and in my country, an undergraduate degree is a three-year program. Does the School of Economics and Georgia Tech accept a three-year undergraduate degree for admission to the M.S. in Economics?

You will need the equivalent of four years of college education in the US as described on the Graduate Admissions International Students page.

The above link also indicates where you can get your non-US academic credentials evaluated.

Excerpt from the Graduate Admissions International Students page
 “Academic Credentials 
Georgia Tech requires that international applicants hold the equivalent of a U.S. four-year baccalaureate degree earned at a regionally accredited institution. Visit our Grad Admission Catalog for more information.”

Does the School of Economics require work experience for admission to the M.S. program?

No, we do not require work experience for admission to the M.S. in Economics.

What is the cost of the program? Do you provide funding to support students as they pursue an M.S. in Economics?

You can find a cost calculator for graduate credit hours at Office of Scholarships and Financial Aid's Cost of Attendance page. Mostly, we do not fund at the M.S. level. 

However, the School of Economics may be able to provide very few out-of-state tuition waivers to select students to help offset the costs of attendance. We have also assembled a list of alternative scholarship resources:

Will the School of Economics or Georgia Tech waive the application fee?

We are unable to waive the application fee, however, as indicated on the graduate admissions website, “Current Federal TRIO program applicants, such as McNair Scholars, are eligible for an application fee waiver. For consideration, you should email a PDF of your current program participation certificate to grad.ask@gatech.edu for guidance on how to obtain this waiver.” Please refer to the section “Fee Waivers” on the Graduate Admissions site.

Do I have to take certain courses at a specific time?

Yes. You are required to take four core courses and six elective courses. Each core course is only offered in the semester listed below. Fall courses are prerequisites for spring courses. There is more flexibility in the case of elective courses. Fall courses are prerequisites for spring courses.

  • Fall:
    • ECON 6140, Probability and Statistical Methods
    • ECON 6106, Microeconomic Analysis
  • Spring:
    • ECON 6161, Econometric Modeling
    • ECON 6105, Macroeconomics

Electives may be organized in a way that best suits the student’s needs. Please refer to the M.S. Suggested Pathways for examples of how you can customize your academic plan to suit your individual needs.

No thesis is required for the Master's program.

Students are required to complete four Economics elective courses. The remaining two elective courses can be from Economics or other schools at Georgia Tech. We cannot guarantee there will be seats or departmental permission for our students to take courses outside of economics. In special circumstances, some students elect to take a Ph.D. course as a Master's elective.

May I transfer in coursework from other institutions?

We offer some options to potentially transfer coursework credits a student has already earned. If prior coursework is approved by the School of Economics, the additional credits needed to receive the M.S. will be reduced.
  1. Georgia Tech undergraduate majors may be able to transfer permitted ECON 4XXX (cross-listed ECON 6xxx) credits toward the M.S. degree. The maximum allowable transfer is two relevant courses or six credit hours. Students who transfer two advanced undergraduate courses in this category may obtain the M.S. in Economics degree for an additional twenty-four hours of coursework.
  2. Students who did not receive their undergraduate degrees from the Georgia Institute of Technology may transfer a maximum of two relevant graduate-level courses from another university, provided that those courses were taken in the past two years. The possible waiver of these two courses must be approved by the director of graduate programs.

Is the M.S. in Economics a full-time program, or can I complete it as a part-time student?

You can complete your M.S. in economics on a full-time or part-time basis. Full-time students may complete the program in as little as two semesters but most full-time students take three semesters (fall, spring, and summer.)

Part-time students taking two courses a semester (including summers) will finish in two years. Less than part-time students taking one course a semester will finish in three and a half years.

When are classes offered?

Classes are typically offered during the day on Monday/Wednesday or Tuesday/Thursday. In some cases, a class or two may be taught in the late afternoon or evening depending on the specific semester, course, and faculty availability. Students enrolling in the program should plan on taking classes during the daytime.

What sorts of employment opportunities do students have after graduating with their M.S. in Economics from Georgia Tech?

The average salary for M.S. ECON graduates in recent semesters was approximately $110,000. Recent student placements include Amazon, Accenture, Deloitte, and Home Depot. We also have alumni at Google, Equifax, Bank of America, the U.S. Air Force Academy, the Federal Reserve Bank, the U.S. Bureau of Economic Analysis, and the USDA Economic Research Service.

Our students are placed into competitive positions in a wide variety of companies and organizations across industry, consulting firms, airlines, banks, and the government. Some students also join Ph.D. programs.

What Career placement assistance is there within the School of Economics?

Georgia Tech has a career placement center that is available to all our students. The professional staff there can help you with questions regarding your career choices and internships. Frequent workshops on finding a job, writing a resume, and networking are offered to Tech students.

You will also find useful information at the Career Buzz Job Board, which has postings about jobs, domestic and international, as well as research opportunities. Georgia Tech also holds several career fairs for its students.

Specifically, SOE offers one-on-one advising for all students. Students receive weekly communication summarizing all opportunities.

What other resources are available to students?

Our students have access to excellent resources. The School of Economics maintains a well-equipped computer lab dedicated to graduate students.  The Georgia Tech Library has state-of-the-art computerized collections and databases that are accessible to all graduate students and interlibrary loans allow students to readily access resources at Emory University and all other University System of Georgia libraries. In addition, the Georgia Tech Library has a librarian dedicated to addressing research and resource needs for students in the School of Economics.

What is the Health Economics and Policy Innovation Collaborative (HEPIC)? Are there research opportunities available at HEPIC for M.S. students?

Health Economics and Policy Innovation Collaborative (HEPIC) promotes research among faculty and students at Georgia Tech who work at the forefront of health economics and policy. HEPIC is centered on using advanced data analytics developed by economists and policy scholars to answer today’s most pressing health-related questions. Students interested in health economics and policy have the opportunity to:

  • Earn an undergraduate minor in Health Policy and Economics
  • Earn a Ph.D. in Economics with a focus on health economics
  • Earn a Ph.D. in Public Policy with a focus on health policy
  • Take the following graduate and undergraduate courses in health economics
    • PUBP 3210: U.S. Health Policy
    • ECON 4510: Economics of Health and Health Care
    • ECON 4803: Economics of Risky Behaviors
    • ECON 8803: Health Economics I