Globalization has created a borderless economy with a host of new opportunities and challenges for those engaged in commerce and economic development. While global markets offer exciting growth prospects, navigating the world stage requires in-depth knowledge of the financial, regulatory, and economic environments and institutions that affect the global economy and international trade.
To meet the need for both insight and skills development, Northeastern University’s College of Professional Studies—in collaboration with Northeastern University’s College of Social Sciences and Humanities—offers the Master of Science in Commerce and Economic Development, which integrates an applied economics study of information, institutions, and innovation designed to develop and hone analytical skills to support private and public decision-making.
More Details
Unique Features
- Online program designed for working, midcareer professionals
- Graduates are positioned for jobs in government, international organizations, nonprofit organizations, universities, or the private sector
- STEM-designated graduate degree
- Required capstone project
- Financial Economics concentration prepares students for the CFA Institute Level I exam
Program Objectives
- Translate economic theory and classroom materials into core competencies
- Apply quantitative skills in the areas of economics, economic theory, policy analysis, and research
- Learn to set prices and output levels
- Use conceptual and mathematical tools to examine fluctuations in employment, prices, and economic growth
- Develop skills in data collection, estimation, and results interpretation
- Apply theories of economic growth, technology, structural changes, industrialization, factor proportions and prices, trade, population, and income distribution
- Evaluate labor markets and the role of human capital
- Assess how art, culture, and entertainment impact economic development
- Analyze the impact of environmental resources on commerce and economic development
Career Outlook
Several major trends—policy convergence, e-commerce expansion, and continued international development—are driving the job growth in the fields of international trade and economic development, and career prospects are expected to remain strong. Jobs in economic analysis and international trade are typically well-paying, with individuals holding advanced degrees expected to enjoy the best opportunities.
Unique Transfer Opportunity
About the CFA, CFP, FRM and PRM Certification Transfer Credit Opportunities:
Why consider a Master of Science in Commerce and Economic Development from Northeastern University? We recognize the knowledge and financial competencies demonstrated by those who have earned their CFA, CFP, FRM and PRM certifications. As a result, credential-holders have the unique opportunity to accelerate through a Northeastern University degree.
Successful applicants for a master's degree program with their CFA® certification:
- Will receive 10 credit hours of transfer credit—a 22% savings in tuition.
- Transfer credit is awarded for the following courses: CED 6050 (Commerce & Economic Development), CED 6240 (Financial Ethics), FIN 6161 (Investment Analysis).
Successful applicants for a master's degree program with their CFP™ certification:
- Will receive 11 credit hours of transfer credit—a 24% savings in tuition.
- Transfer credit is awarded for the following courses: CED 6050 (Commerce & Economic Development), FIN 6102 (Asset & Liability Management), FIN 6161 (Investment Analysis).
Successful applicants for a master's degree program with their FRM® certification:
- Will receive 11 credit hours of transfer credit—a 24% savings in tuition.
- Transfer credit is awarded for the following courses: FIN 6102 (Asset & Liability Management), FIN 6161 (Investment Analysis), CED 6250 (Derivatives & Alt. Investments).
Successful applicants for a master's degree program with their PRM™ certification:
- Will receive 11 credit hours of transfer credit—a 24% savings in tuition.
- Transfer credit is awarded for the following courses: FIN 6102 (Asset & Liability Management), FIN 6161 (Investment Analysis), CED 6250 (Derivatives & Alt. Investments).
