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Master of Arts in Applied Economics (STEM) INTO Group - Illinois State University INTO Group - Illinois State University, USA

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USD 23900

Annual Tuition Fee

!
*Subject to change and other fees
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USD 50 Waived

Application Fee

Duration icon

24 months

Duration

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6.5

IELTS

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79

TOEFL

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60%

Min GPA

Program Overview

Our master’s degree in Applied Economics links basic economic theory and statistical techniques to real-world problems faced by decision makers. With emphasis on extensive training in econometrics and forecasting, exposure to working with large and diverse data sets, and a wide range of statistical software, this program gives students the applied skills that employers demand and provides those pursuing advanced degrees an edge in gaining admission to top Ph.D. programs.

The Applied Economics sequence is designed to train students in the quantitative and applied economic skills that will best enhance their future employment opportunities as economists, research analysts, or planners in the private and public sectors. While the curriculum is structured as a terminal degree in applied economics and many graduates have advanced to doctoral-level programs in economics and in related disciplines, the program is also well suited for individuals who wish to return to school to obtain a graduate degree in a business-related discipline for the purpose of career advancement.

The Applied Economics program is a STEM designated degree, which focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. STEM designated degree programs offer additional benefits for students, including potential grant funded opportunities and, for international students, extended OPT study options.

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Additional Information

Program Level Master's Degree

College/University Processing Time 42 Days

Program Format Full-Time

Optional Practical Training (OPT) work permit

Program Intake

Open

Aug 2025, Jan 2026

Closed

Jan 2025, Aug 2024

General Admission Requirement

    Academic Requirement

    • Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor's Degree.

    6.5 IELTS Score
    79 TOEFL Score Minimum Overall Score
    53 PTE Score Minimum Overall Score
    105 Duolingo Minimum Overall Score
    290 Gre Minimum Overall Score
    500 Gmat Minimum Overall Score
    60% CGPA Minimum Overall Score

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    Tuition Fee

    The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the Programs page.

    Average Tuition Fee Per Year

    23900

    Tuition Fee
    (USD)

    USD 50 Waived

    Application Fee
    (USD)

    13000 Per year

    Average Cost of Living
    (USD)

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    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

    Check program website for more information about funding options.

    Scholarships

      Jesse W Fell Scholarship
    $12,000/year
    • Apply for admission by November 1 for the following academic year
    • Scholarship application is due December 15
    • Direct Undergraduate Freshman
    • Eligible for the Honors Program
    • Minimum cumulative GPA of at least 3.75 on a 4.0 scale
    • Awarded through a competitive scholarship competition
    • Renewable up to four years if student maintains a cumulative 3.0 GPA

    Undergraduate International
    $1,000 __ $2,000/year
    • Renewable annually for four years or through the length of the student’s original study plan, if student maintains a cumulative
    2.75 GPA
    • Minimum 3.0 GPA for $1,000 per year
    • Minimum 3.5 GPA for $2,000 per year

    Graduate International
    Admissions Scholarship $2,000/year
    • Minimum 3.5 GPA on 4.0 scale
    • Students with graduate assistantships are not eligible
    • Renewable annually through the length of the student’s original study plan, if the student maintains a cumulative 2.75 GPA

     

    Illinois State Scholarships
    Scholarship Award/Benefits Requirements Frequency
    Undergraduate International Admissions Scholarship $1,000/year (3.0 GPA)
    $2,000/year (3.5 GPA)
    Students must have achieved the cumulative admission GPA indicated. Renewable annually through
    the length of the student’s
    original study plan, if
    the student maintains a
    cumulative 3.0 or 3.5 GPA
    Graduate International Admissions Scholarship $2,000/year (3.5 GPA)
    • Students must have achieved the cumulative admission GPA indicated.
    • Students with graduate assistantships are not eligible.
    Renewable annually through
    the length of the student’s
    original study plan, if
    the student maintains a
    cumulative 3.5 GPA
    Presidential Scholarship $11,000/year
    • Direct Undergraduate Freshman
    • Eligible for the Honors Program
    • Minimum 1360 SAT (or equivalent ACT)
    • Minimum cumulative GPA of at least 3.5 on a 4.0 scale
    • Apply for admission by November 15 for the following academic year
    • Awarded through a competitive scholarship competition
    • Scholarship application is distributed by invitation and is due in early January
    Renewable up to 4 years
    International Baccalaureate Scholarship $1,000
    • Direct Entry Freshmen who complete the IB Diploma Program or IB  
    • Career-Related Certificate Program
    • Apply for admission by November 15 for the following academic year
    • Submit eligibility form online
    • Academic credentials must be verified no later than July 15
    • Awarded as funds are available
    One-time awa

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