Find the Best Online PhD in Economics Programs
Want to become a top leader in the field of economics? This guide helps you find the best online PhD in economics programs to match your academic and career goals.
The demand for PhD-trained economists is growing across business, finance, academia, and research. To meet this demand, many universities now offer online and hybrid PhD programs in economics that deliver flexibility without sacrificing rigor.
If you’re ready to rise to the top of the economics profession, consider these key questions:
- Do I need a PhD in economics to reach my career goals?
- How can I balance a degree with work and family life?
- Which online program best fits my needs?
This guide answers these questions, highlights top programs, and outlines what to expect from costs and coursework to admissions and career outcomes.
FIND PROGRAMS NEAR YOU:
Best Online PhD in Economics Programs
Choosing the right PhD program is essential for your success, whether you study online or on campus. Below are featured online and blended economics doctoral programs that stand out for their flexibility, affordability, and academic quality.
Liberty University
Liberty University’s PhD in Economic Policy trains students to evaluate and shape public policy on both national and global levels. Students develop expertise in economic politics, research, and policymaking, with the option to present and defend their dissertation virtually.
Program Highlights:
- Delivery: 100% online
- Credits: 60
- Cost: $610/credit
- Length: ~3 years
Benefits of the Online PhD in Economics
An online PhD in economics offers unparalleled flexibility and convenience, which is ideal for working adults balancing multiple responsibilities. Two major advantages include:
1
Individualized Study Pace
Most doctoral programs include two phases: pre-candidacy (coursework and exams) and candidacy (research and dissertation).
Online programs let you progress at your own pace with full-time or part-time options and generous completion timelines—often up to six years or more. Some programs even offer accelerated tracks that can be completed in three years.
2
Asynchronous Coursework
Access materials — lectures, readings, assignments — on your own schedule. While deadlines still apply, asynchronous courses mean you can study when it’s most convenient for you.
Types of Online PhD in Economics Programs
Online economics PhD programs generally fall into two categories:
Fully Online
These programs allow you to complete all coursework and requirements remotely, including lectures, tests, and advising. Be sure to verify that the program is truly 100% online—some may still require brief residencies or orientations.
Partially Online
Hybrid programs mix online coursework with limited in-person components like seminars, residencies, or dissertation defenses. Clarify requirements in advance to ensure they fit your schedule and location.
Timeline: What to Expect in an Online Economics PhD
PhD programs in economics follow a similar multi-year structure. Here’s a typical breakdown:
Year
1
- Core coursework in microeconomics, macroeconomics, econometrics, mathematics, and research methods
- Optional electives in specialized topics
- Progress evaluated through exams and GPA
- May include research assistantship work
Year
2
- Specialized coursework and independent research projects
- Preparation for qualifying exams and dissertation planning
Year
3
- Transition to candidacy after passing comprehensive exams
- Begin dissertation research and attend workshops
- Accelerated students may complete their doctorate this year
Year
4 and Beyond
- Focus entirely on dissertation research, writing, and defense
- Completion time varies depending on topic complexity and research progress
The dissertation process is the culmination of the PhD in economics program and begins with the submission of a dissertation proposal for approval by a faculty committee. Students then conduct research and write the dissertation under the guidance of a faculty advisor, with the final step being an oral presentation and defense of the dissertation before the committee.
Expert Insight
You might consider trying to brush up on your math skills before the program begins. A solid foundation in calculus, linear algebra, and statistics can make the first year significantly less stressful.
PhD in Economics Learning Outcomes
Upon graduation, you’ll possess advanced theoretical, research, and analytical skills. Common program learning outcomes include:
1
Economic theory
Mastery of microeconomic and macroeconomic principles and current scholarly literature.
2
Research
Ability to design and conduct original research suitable for publication.
3
Mathematics and statistics
Expertise in advanced quantitative methods and statistical modeling.
4
Communication
Strong written and verbal communication skills for both academic and applied settings.
5
Teaching
Competence in developing and delivering college-level economics instruction.
Popular PhD in Economics Specializations
Specializing allows you to tailor your studies to your career interests. Common concentrations include:
- Econometrics: Apply statistical and mathematical models to economic systems.
- Health Economics: Examine healthcare systems, policies, and cost-benefit analyses.
- International Economics: Study trade, development, and global financial systems.
- Labor Economics: Analyze workforce issues such as compensation, retention, and labor policy.
- Public Economics & Policy: Explore how governments shape markets, taxation, and public services.
Expert Insight
After you gain admission and the time is right for your program, choose an advisor whose mentoring style fits your needs, not just their reputation. The advisor relationship can sometimes have a greater impact on your doctoral experience than any single course.
Accreditation: Ensuring Program Quality
Always confirm that your economics PhD program is offered by a regionally accredited institution. Accreditation ensures educational standards and eligibility for financial aid.
Types of accreditation include:
- Institutional Accreditation: Covers the entire university or college.
- Programmatic Accreditation: Applies to specific schools or departments.
While no accrediting body oversees only economics doctorates, schools offering PhD programs may hold business school accreditation from organizations like AACSB or ACBSP.
Applying to an Online Economics PhD Online
Admissions criteria vary but generally include the following:
Prior Degree
A master’s degree in economics or a related field is typical. Some programs may accept a bachelor’s degree with additional prerequisites.
Prerequisite Coursework
Applicants should have completed courses in microeconomics, macroeconomics, statistics, and calculus.
Real-World Experience
Relevant professional or research experience strengthens your application. Emphasize this in your resume and personal statement.
Additional materials usually include:
- Official transcripts
- Statement of purpose
- Letters of recommendation
- CV or résumé
- Proof of English proficiency (for international students)
Tuition & Fees
The total cost of earning an online PhD in economics varies widely depending on program type, location, and transfer credits.
| School | Cost per Credit | Total Credits | Est. Tuition |
|---|---|---|---|
| Liberty University | $610 | 60 | $36,600 |
| Fordham University | $1,810 | 68 | $123,080 |
| University of New Hampshire | $845 | 66 | $55,770 |
Note: Many programs offer scholarships, grants, and tuition discounts for military members, veterans, or full-time students. Always check with your financial aid office before estimating total costs.
Economist Salary Outlook with a PhD in Economics
A doctorate in economics is the standard credential for careers in academic research, federal agencies, central banking, financial consulting, and economic policy. Graduates serve as research economists, policy advisors, quantitative analysts, and professors — applying sophisticated econometric methods to questions ranging from monetary policy and market structure to labor economics and international trade. The degree is required for most academic positions and opens senior analytical roles at the Federal Reserve, World Bank, and major consulting firms.
Economists with doctoral credentials are among the better-compensated professionals in social science fields, with federal agency roles, financial services, and economic consulting commanding the strongest salaries. The combination of quantitative rigor and policy insight is highly valued across public and private sectors.
Use the salary table to explore what economists earn across states, and benchmark the financial potential of a doctoral-level economics career.
Economists
| Area | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|
| U.S. | $124,720 | $174,720 | $238,060 |
| Alabama | $129,960 | $153,570 | $175,170 |
| Alaska | $111,040 | $141,090 | $141,270 |
| Arizona | $79,610 | $124,920 | $138,990 |
| Arkansas | $91,560 | $107,330 | $136,990 |
| California | $119,410 | $164,770 | $207,380 |
| Colorado | $121,410 | $157,350 | $193,480 |
| Connecticut | $101,400 | $129,340 | $166,060 |
| Delaware | $159,120 | $167,430 | $214,000 |
| District of Columbia | $167,590 | $224,080 | $299,110 |
| Florida | $102,430 | $134,180 | $174,900 |
| Georgia | $122,570 | $162,410 | $187,330 |
| Hawaii | $83,050 | $96,390 | $120,270 |
| Idaho | $131,270 | $141,600 | $173,560 |
| Indiana | $80,750 | $144,640 | $163,380 |
| Iowa | $96,310 | $133,970 | $144,750 |
| Kansas | $138,790 | $205,780 | $238,990 |
| Kentucky | $71,400 | $100,880 | $124,380 |
| Louisiana | $73,050 | $93,550 | $136,970 |
| Maine | $91,480 | $115,920 | $132,950 |
| Maryland | $144,680 | $178,780 | $195,190 |
| Massachusetts | $106,380 | $155,130 | $222,610 |
| Michigan | $106,350 | $150,000 | $178,170 |
| Minnesota | $105,120 | $142,460 | $197,870 |
| Missouri | $117,010 | $172,880 | $229,510 |
| Montana | $89,340 | $105,050 | $116,210 |
| Nebraska | $75,880 | $101,540 | $135,300 |
| Nevada | $91,340 | $112,820 | $128,420 |
| New Hampshire | $86,130 | $108,190 | $157,110 |
| New Jersey | $167,550 | $192,960 | $195,190 |
| New York | $136,660 | $224,990 | $292,850 |
| North Carolina | $136,150 | $172,860 | $224,270 |
| Ohio | $120,000 | $164,700 | $216,920 |
| Oklahoma | $89,980 | $145,270 | $171,650 |
| Oregon | $122,120 | $128,080 | $147,600 |
| Pennsylvania | $115,000 | $138,010 | $164,650 |
| Tennessee | $117,650 | $145,220 | $162,670 |
| Texas | $121,420 | $175,000 | $219,140 |
| Virginia | $137,590 | $179,730 | $232,410 |
| Washington | $109,300 | $135,350 | $167,960 |
| Wisconsin | $84,000 | $110,970 | $132,270 |
Source: BLS, OEWS, May 2025
Showing 1 – 10 of 41 entries | Data reflects national numbers, not school-specific information.