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Food and Business Economics, M.Sc.

  • Application Deadline
  • 12 months
University rank #262 (QS) , NJ,
The Graduate Program in Food and Business Economics from Rutgers University resides in the Department of Agricultural, Food and Resource Economics (DAFRE) in the School of Environmental and Biological Sciences (SEBS). 


The objective of this graduate program is to develop the ability of students to apply economic theory and high levels of quantitative and analytical skills to significant problems facing society in the areas of: economics of biotech/pharmaceutical sectors, production and marketing of agricultural and food products, land/environmental policy and management, and international development. View our Food and Business Economics brochure, or explore this site to learn more about the program. 

The program offers a Master of Science degree. A 5-yr BS/MS in Food and Business Economics from Rutgers University is also available. A dual master’s degree arrangement is available with the Graduate Program in Urban Planning and Policy Development. Students interested in this dual degree arrangement must also apply for graduate admission to the Urban Planning and Policy Development Program.

Program Advantages

  • Small class size, world class research, practical solutions!
  • Graduates are well-prepared for higher studies as well as for the real world.
  • This program enables highly motivated students to become better qualified for the real world.
  • Because of their high levels of quantitative and analytical skills, the longevity of our graduates in the private sector is higher than the graduates of some comparable fields.

Programme Structure

Courses include:
  • Research Methods in Applied Economics
  • Microeconomic Theory Applications
  • Econometrics
  • Applied Econometrics

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 12 months
  • Credits
    30 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

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  • Minimum required score:


    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

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Academic Requirements

You need the following GPA score:

Required score: 3

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

  • Minimum 3.0 GPA or better is required at the time of application
  • All students entering the program are expected to have had courses in intermediate micro economic theory, statistics, and calculus. Students without the necessary background may be admitted provisionally; however, they are required to take courses to make up any deficiencies in these areas.
  • Students must take the GRE (Graduate Record Examination). Non-native speakers are required to take the TOEFL (Test of English as a Foreign Language).
  • Factors used in evaluating applicants are: undergraduate GPA; grades in economics, business, mathematics, and statistics courses; GRE and TOEFL scores, letters of recommendation, and the personal statement.

Tuition Fee

  • International

    56388 USD/year
    Tuition Fee
    Based on the original amount of 28194 USD per semester and a duration of 12 months.
  • National

    23772 USD/year
    Tuition Fee
    Based on the original amount of 11886 USD per semester and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for New Brunswick

  • 1204 - 2970 USD/month
    Living Costs

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


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.


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