MBA/MS in Applied Economics

Harness the complementary nature of business and economics with this dual degree. Earn two degrees in less time, for less money, and with fewer courses.
Meeting the needs of the working professional and modern employers, gain the skills to excel in a career blending business and economics. Take classes on-site, online, or a combination of both. On-site classes are offered in both Washington, D.C. and Baltimore.
Program Details




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Lead with economic insight, and business acumen
Whether you’re driving corporate strategy, advising government leaders, or modeling financial risk, the MBA/MS in Applied Economics dual degree prepares you to lead with confidence in data-intensive environments. Earn your MBA from Johns Hopkins Carey Business School and your MS in Applied Economics from the Krieger School of Arts and Sciences—two powerful degrees, one streamlined path.
Why the MBA/MS in Applied Economics?
Built for analytical leaders
This program combines deep economic modeling and forecasting with the leadership and strategy skills of an MBA, preparing you for roles across finance, policy, consulting, and beyond.
Efficient, integrated curriculum
By removing overlap between the Master of Science and MBA, this program lets you complete both degrees in fewer courses, saving you time and tuition.
Flexible format, global perspective
Complete your degree part-time with courses available online or onsite in Baltimore or Washington, D.C. Choose the learning format that fits your schedule.
Customize your experience
Select from eight optional MBA specializations and tailor your economics electives to your industry—whether that’s policy, finance, tech, or consulting.
What you'll learn
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In this three-year, part-time program, you’ll gain a toolkit that spans advanced economic analysis and applied business strategy. You'll graduate prepared to use data to make high-impact decisions—and lead across sectors and industries.
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Offered through the Krieger School of Arts and Sciences, the MS in Applied Economics builds deep proficiency in economic theory, modeling, and data analysis.
Core areas include:
- Microeconomic Theory and Policy
- Macroeconomic Theory and Policy
- Statistics
- Econometrics
- Microeconometrics
- Financial Econometrics
- Three Applied Economics electives
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18 credits of required business foundations courses:
- Accounting and Financial Reporting
- Business Analytics
- Business Communication
- Corporate Finance
- Leadership and Organizational Behavior
- Marketing Management
- Negotiation
- Operations Management
- Strategic Management
18 credits of elective courses:
Electives can be tailored to your interests or aligned with one or more MBA specializations:
Outcomes that add up
Carey’s Flexible MBA graduates—who share the core business curriculum with this dual degree—report strong career advancement:
76% received a salary increase while in the program
55% received a promotion
$150,924 average base salary post-graduation
Graduates of the MS in Applied Economics program thrive in roles that demand data fluency and business strategy—from consulting firms and central banks to multinational corporations and policy institutes.
Real-world momentum
- Named among Forbes' “Best Online MBAs,” Carey’s Flexible MBA delivers prestige and impact.
- Combined with the analytical rigor of the Applied Economics program—one of the most respected in the nation—you’ll graduate with the power to make decisions that matter.
Program comparison
- Earn two degrees
- Complete your degree in three years
- Online, flexible format, with optional in-person experiences
- Asynchronous and/or synchronous courses
- Online, flexible format
- Complete your degree in two to three years
- Optional in-person experiences
- Asynchronous and/or synchronous courses