MS Economics at Purdue

Discussion in 'Business and MBA degrees' started by DanielC, Dec 5, 2013.

  1. DanielC

    DanielC New Member

    In checking out econ programs I came across another MS economics program that is offered online (no residency requirement) at Purdue Krannert School of Management. In its marketing materials, Purdue has the following

    MS Frequently Asked Questions (FAQs) - Purdue Krannert
  2. Kizmet

    Kizmet Moderator Staff Member

    I'd say 2 things about this (I haven't looked at the website). The first is that there are not very many grad programs in economics offered through DL. Period. A handful. So if that's your goal it's great that there's a new offering. Second, many people throw out the idea that this school or that school is "Tier 1." It's totally subjective but Tier 1, by definition, is the best of the best. I'd be tempted to say that if your school is not ranked in the top 100 US schools then you're not Tier 1. In this case I'd be willing to accept Purdue as a Tier 1 school. So, we have a relatively unique program offered by an elite school. The price is high, no doubt, but some people will find it attractive. Nice grab. Thanks for the post.
  3. FJD

    FJD Member

    As much as I hate Purdue (as an IU grad I'm bound to say that), I respect its position as a fine academic school, and Krannert has a great reputation. That said, I couldn't see paying $40K (after tuition, books, and the like) for this. What would this degree do that a similar degree from one of the other offering schools would not? For example, an online MS in Applied Econ from U N. Dakota would cost about $14-15K. Master of Science in Applied Economics (MSAE) | Online & Distance Education

    Maybe the additional $25K or so is worth it to some, but I don't really see the value here. anti-Purdue bias aside, if someone just has to attend a "Tier I Research University," I'd probably wait it out until another school offers something similar with more reasonable pricing.
  4. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    Agreed -- they're not just top 100, Purdue/Krannert is ranked 44th by U.S. News for graduate schools of business. The usual caveats apply about the methodology and relevance to individuals of rankings, but it does mean that generally they're very well regarded.
  5. CalDog

    CalDog New Member

    I think that's roughly what the term originally meant. Historically, the US News & World Report rankings would recognize somewhere around 300 or 400 "National Universities", and would group them into four "tiers", named as "Tier 1" to "Tier 4". So the top 75 or 100 schools were in "Tier 1", and you could look them up on the current USN&WR list.

    However, USN&WR doesn't do it like that anymore. They changed to a two-tier structure a few years ago, with around 200 schools in the "Top Tier". This is much broader than the previous "Tier 1" definition.

    For professional academics, a "top university" is one that belongs to the Association of American Universities (AAU). This is a private, invitation-only club of US and Canadian schools that are perceived as conducting the most valuable research. There are currently 60 US schools in the AAU, including Purdue. Collectively they issue most of the PhD degrees in the US, and get most of the research funding.
    Last edited by a moderator: Dec 5, 2013
  6. mcjon77

    mcjon77 Member

    My personal favorite econ program is the MS in Applied Economics at Johns Hopkins University. The program has been around for AT LEAST 15 years (that is when I first heard about it), but went fully online within the last few years. The program is 10 courses at $3,425 per course.

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