Bachelor of Science in Mathematical Economics

4 Years On Campus Bachelors Program

Massachusetts Institute of Technology

Program Overview

The Bachelor of Science in Mathematical Economics at the Massachusetts Institute of Technology (MIT) is an exceptional program that combines rigorous mathematical training with economic theory, preparing students for a variety of analytical roles in business, finance, and public policy. This program is ideal for students who are passionate about using quantitative methods to solve real-world economic problems and are eager to engage with complex data.

Curriculum Structure:

In the first year, students will build a strong foundation in mathematics and economics through courses such as "Single Variable Calculus" and "Principles of Microeconomics." These introductory courses are designed to equip students with essential analytical skills and an understanding of economic principles that will be crucial for their future studies.

During the second year, students delve deeper into the core concepts of mathematical economics with courses like "Multivariable Calculus" and "Principles of Macroeconomics." This year emphasizes the application of mathematical techniques to economic models, allowing students to explore topics such as optimization and equilibrium analysis.

In the third year, the curriculum becomes more specialized, with courses such as "Econometrics" and "Game Theory." Students will learn to apply statistical methods to economic data and understand strategic interactions among agents, which are vital skills for any aspiring economist.

In the final year, students can choose from advanced electives and capstone projects, such as "Advanced Microeconomic Theory" and "Financial Economics." This year allows students to tailor their education to their interests and career goals, culminating in a comprehensive understanding of both theoretical and applied aspects of mathematical economics.

Focus Areas: Quantitative analysis, economic modeling, data interpretation, strategic decision-making.

Learning Outcomes: Proficiency in mathematical techniques, ability to analyze economic data, understanding of economic theory, and skills in critical thinking and problem-solving.

Professional Alignment (Accreditation): The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring a high standard of education and relevance in the field.

Reputation (Employability Rankings): MIT consistently ranks among the top universities globally, with high employability rankings in QS World University Rankings and The Guardian, reflecting the strong demand for graduates in the job market.

For more information about the Bachelor of Science in Mathematical Economics at MIT, please visit the official program page: [MIT Mathematical Economics](https://economics.mit.edu/undergraduate/).

Experiential Learning (Research, Projects, Internships etc.)

At the Massachusetts Institute of Technology (MIT), the Bachelor of Science in Mathematical Economics program offers students a unique opportunity to blend theoretical knowledge with practical skills. Through a combination of rigorous coursework and hands-on experiences, students are equipped to tackle real-world economic challenges. The program emphasizes experiential learning, allowing students to engage in collaborative projects, utilize advanced software, and access state-of-the-art facilities that enhance their educational journey.

Here are some key aspects of experiential learning within the Mathematical Economics program at MIT:
- Collaborative Projects: Students often work in teams on projects that simulate real economic scenarios, fostering teamwork and problem-solving skills.
- Internships: The program encourages internships with leading firms and organizations, providing students with invaluable industry experience and networking opportunities.
- Software Proficiency: Students gain hands-on experience with essential software tools such as R, Python, and MATLAB, which are crucial for data analysis and economic modeling.
- Research Opportunities: Access to MIT’s extensive research facilities allows students to engage in cutting-edge economic research alongside faculty members.
- Field Trips: The program includes field trips to economic institutions and companies, giving students insights into the practical applications of their studies.
- Libraries and Resources: Students benefit from MIT’s vast library system, which includes specialized collections in economics and access to numerous academic journals.
- Institutes and Centers: The program is supported by various institutes, such as the MIT Institute for Data, Systems, and Society, which focus on interdisciplinary research and policy analysis.
These experiential learning opportunities not only enhance academic understanding but also prepare students for successful careers in economics and related fields. For more information on the facilities available to students, you can explore the full list here: [MIT Facilities](https://www.mit.edu/facilities).
Choosing the Bachelor of Science in Mathematical Economics at MIT means stepping into a world of innovation and practical application, where you can truly make an impact.

Progression & Future Opportunities

The Bachelor of Science in Mathematical Economics at the Massachusetts Institute of Technology (MIT) equips students with a robust analytical framework and quantitative skills, preparing them for a variety of high-demand careers. Graduates often find themselves in roles such as data analyst, financial consultant, and economic researcher, where they can apply their expertise to solve complex problems and drive strategic decision-making.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: MIT offers a dedicated Career Advising and Professional Development (CAPD) office, which provides personalized career coaching, resume workshops, and networking events tailored to help students connect with potential employers.
- Employment Stats and Salary Figures: Graduates from the Mathematical Economics program have an impressive employment rate, with over 90% securing jobs within six months of graduation. The average starting salary for graduates in this field is around $85,000, with many positions offering significant growth potential.
- University–Industry Partnerships: MIT has established strong partnerships with leading companies in finance, technology, and consulting, such as Goldman Sachs, Google, and McKinsey & Company. These connections often lead to internship opportunities and job placements for students.
- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that the education you receive meets the highest standards of quality and relevance in the field.
- Graduation Outcomes: Alumni of the program have gone on to pursue successful careers in various sectors, including finance, government, and academia, often taking on leadership roles and influencing policy and economic strategies.

Further Academic Progression: After completing the Bachelor of Science in Mathematical Economics, students have several options for further studies. Many choose to pursue a Master’s degree in Economics, Finance, or Data Science, which can deepen their expertise and enhance their career prospects. Others may opt for an MBA, which can open doors to management positions in various industries. Additionally, some graduates decide to continue their education with a Ph.D. in Economics or related fields, positioning themselves for academic or high-level research careers.

By choosing this program at MIT, you’re not just earning a degree; you’re setting yourself up for a future filled with opportunities and the potential to make a significant impact in your chosen field.

Additional Information & Requirements

MIT uses its own application system: https://apply.mitadmissions.org/ Do NOT use the Common App or Coalition App — MIT doesn't accept them
SAT/ACT Update: MIT requires the SAT or ACT (without the optional essay or writing section) for both first-year and transfer applicants. Both paper and digital SAT formats are accepted. Although MIT doesn’t require a writing test, strong writing and communication skills are essential, and all undergraduates must meet a communication requirement integrated throughout their four years.
SAT/ACT score reporting: MIT superscores the SAT, ACT, and English proficiency exams, considering the highest section scores across multiple sittings. Applicants should self-report all official full test sittings (not practice tests or superscore composites). Official score reports are not required during the application process; scores will be verified upon enrollment. You can update MIT with new test results after submitting your application.
Recommendations: MIT requires two teacher recommendations—ideally one from a math/science teacher and one from a humanities, social science, or language teacher. Choose teachers who know you well both academically and personally. We also require a School Counselor Report, which typically includes your transcript and school profile. If your counselor cannot provide a letter, that’s okay—it won’t hurt your application. You may submit one optional supplemental recommendation if it adds new insights beyond the required letters. Requests should be made through the MIT application portal, but recommenders can also use platforms like Naviance or SCOIR. Submit requests early to give recommenders enough time.
Interview: MIT offers optional interviews through the Educational Council, a global network of alumni. If an Educational Counselor (EC) is available, they’ll contact you after you apply—usually via the email you provided. Interviews may be in person or virtual, depending on availability. Most interviews take place in November (Early Action) and January (Regular Action). If no interview is available, it will be waived without affecting your application. Interviews typically last around an hour and are informal. Be yourself, prepare to share your interests and experiences, and no need to dress up. Questions? Email: [email protected].
Prerequisite Coursework: Recommended or required high school courses, with emphasis on math or program-related subjects.

Career Options

Quantitative Economist: Use advanced mathematical models and data analysis to study economic trends
forecast markets
and advise policy makers or financial institutions
Financial Engineer / Quantitative Analyst: Develop and implement complex financial models for pricing
risk management
and trading strategies at investment banks
hedge funds
or asset management firms
Data Scientist / Data Analyst: Apply statistical methods
machine learning
and programming (Python
R
SQL) to extract insights from large economic and financial datasets for business or policy decisions
Econometrician: Design and execute empirical economic research using econometric techniques to analyze relationships between economic variables and guide decision-making
Actuary: Use probability
statistics
and economics to evaluate financial risks for insurance companies
pension plans
and other financial institutions
Operations Research Analyst: Optimize business processes
supply chains
and resource allocation by applying mathematical modeling and algorithmic techniques
Management Consultant: Provide data-driven strategic advice to organizations on efficiency
market entry
and operational improvements using quantitative tools
Financial Analyst: Analyze company financial data
markets
and investment opportunities with strong quantitative rigor to inform portfolio management and corporate finance decisions
Policy Analyst: Utilize mathematical and statistical skills to evaluate economic policies and their impacts in government agencies
think tanks
or NGOs
Academic / Economic Researcher: Pursue research roles or graduate studies focusing on economic theory
applied mathematics
or econometrics
Software Developer for Finance / Economics: Design and build computational tools and software solutions used in quantitative finance and economic modeling
Entrepreneur / Tech Startup Founder: Innovate in fintech
analytics
or data-driven sectors leveraging expertise in mathematical modeling and economics