Economics is often called the science of rational behavior; it emphasizes formal, systematic and analytical thinking.

Your Path to an Economics Master’s Degree

If you’re a highly motivated economics major who wants to obtain a master’s degree, we have a great partnership that you may be able to take advantage of. Through a 4+1 collaboration with the Marquette University Graduate School of Management, you could earn a Master of Science in Applied Economics (MSAE) in as little as one extra year.

How the Accelerated Program Works
Certain upper-level electives at St. Norbert carry graduate credits for those students who opt to do additional course work prescribed by Marquette University faculty.

Up to two of the advanced St. Norbert courses, taken as a senior, will transfer as electives to Marquette for use in the MSAE program. These courses fulfill the requirements for undergraduate work at St. Norbert as well as count toward graduate credits required by Marquette.

The MSAE requires 10 courses and a master’s project. Completing the first two courses while still enrolled at St. Norbert effectively reduces the time requirement at Marquette from four semesters to three.

Motivated students can also can take two summer courses at Marquette, either simultaneously or split between two summers, to further reduce the time needed to complete MSAE requirements.

What to Do
Consult with your St. Norbert economics discipline faculty mentor to discuss whether this program is a good fit for you. Interest in the program alone does not guarantee acceptance by Marquette.

St. Norbert students need to formally apply to the Marquette University Graduate School of Management in their senior year while taking the two accelerated St. Norbert courses designated for graduate credit.

Take the GRE or GMAT in the fall of your senior year, then apply for financial aid for your fifth year, if desired.

Outcomes
The value of an MSAE is reflected in the marketability and success of those who obtain the degree. Graduates of the MSAE program, including those from St. Norbert, work for employers such as Rockwell Automation, Associated Bank, US Bank, MISIX, Artisan Partners, the U.S. State Department, Marketing Analytics, Ziegler Capital Management, MillerCoors, MGIC, Wells Fargo Funds Management, Northwestern Mutual Financial Network, Direct Supply, Kohler, Reinhart Partners and the Chicago Group.

Academic Requirements
St. Norbert College
A Bachelor of Science in Economics requires the following courses within the discipline (9 courses):

  • Principles of Microeconomics
  • Principles of Macroeconomics
  • Intermediate Macroeconomics
  • Introduction to Econometrics
  • 4 other economics electives (300 and above)

Marquette University
The Master of Science in Applied Economics (MSAE) requires the following (10 courses, a non-credit master’s professional project and an oral comprehensive exam):

  • Applied Econometrics
  • Applied Time-Series Econometrics and Forecasting
  • Microeconomic Theory
  • Macroeconomic Theory
  • 3-4 economics electives
  • 2-3 graduate courses in business administration, social sciences, mathematics or economics

(The mix of electives depends on which of five specializations or the general economics track that the student chooses to pursue.)

MSAE Specializations

  • Business Economics
  • Financial Economics
  • International Economics
  • Marketing Research
  • Real Estate Economics

Admission Requirements

  • Minimum 3.0 GPA
  • At least one college-level calculus course
  • At least one statistics course
  • One course each in intermediate micro and macro theory
  • Satisfactory GRE or GMAT score

Alumnus Perspective

“At St. Norbert, the small class sizes and personal attention I received from the economics professors enhanced both my interest and comprehension of the subject matter. My experience at St. Norbert provided me with opportunities as an undergraduate teaching assistant and a research intern. Both of these experiences, along with the education I received, were great preparation for graduate school and paved the way for me to receive a graduate assistantship at Marquette. By the time I entered graduate studies at Marquette, I was well prepared for that next level.”

Pat O'Brien ’08

Faculty Perspective

“Marquette University’s graduate program has a great national and international reputation, and St. Norbert is a good fit as an undergraduate program. This relationship grew organically from our success in grooming students to thrive in the Marquette program.”

Marc von der Ruhr, Ph.D., Professor of Economics, St. Norbert College

“I would state without hesitation that our graduate students from St. Norbert College have been among the best, if not truly the very best, students we have had in terms of their academic preparation to handle the rigor and meet the challenge that the MSAE represents.”

Farrokh Nourzad, Ph.D., MSAE Program Director, Marquette University