Bachelor’s Degrees in Economics
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Education Levels of Economics Majors
During the 2018-2019 academic year, 40,355 students earned their bachelor's degree in economics. This makes it the 5th most popular bachelor's degree program in the country.
The following table shows the number of diplomas awarded in economics at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 40,355 |
| Master’s Degree | 4,391 |
| Associate’s Degree | 2,228 |
| Doctor’s Degree | 1,225 |
| Graduate Certificate | 83 |
| Basic Certificate | 12 |
| Undergraduate Certificate | 3 |
Earnings of Economics Majors With Bachelor’s Degrees
The median salary for graduates holding a bachelor's degree in economics is $44,300. However, this can depend on a number of factors, such as where you live and the number of years experience you have.
A better approximation of salary is to look at the typical range of salaries. In this case the low is $39,100 and the high is $50,200.
Student Debt
The median student debt for graduates holding a bachelor's degree in economics is $21,666. The length of time it takes you to graduate and what college you attend can affect this number quite a bit.
The chart below shows the range of accumulated debt loads. On the high side of the range, $25,000 is the debt load, and the debt load on the low side is $18,530.
Those students who are paying back their debt on a 10-year repayment plan have a median monthly payment of $225.
Student Diversity
More men than women pursue bachelor's degrees in economics. About 66.5% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 26,823 |
| Women | 13,532 |
The racial-ethnic distribution of economics bachelor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 5,071 |
| Black or African American | 1,675 |
| Hispanic or Latino | 3,937 |
| White | 19,128 |
| International Students | 7,919 |
| Other Races/Ethnicities | 2,625 |
Most Popular Economics Programs for Bachelor’s Degrees
There are 787 colleges that offer a bachelor’s degree in economics. Learn more about the most popular 20 below:
University of California - Berkeley tops the list of the most popular school in the U.S. for economics majors who are seeking their bachelor's degree. Each year, around 42,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.
During the 2018-2019 academic year, 719 people received their bachelor's degree in economics from UC Berkeley. About 46% of this group were women, and 50% were students from an underrepresented racial-ethnic group.
The 2nd most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Los Angeles. Roughly 44,500 attend the school each year. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.
During the 2018-2019 academic year, 683 people received their bachelor's degree in economics from UCLA. Around 48% of these students were from an underrepresented racial-ethnic group, and 51% were women.
The 3rd most popular school in the country for economics majors who are seeking their bachelor's degree is University of Wisconsin - Madison. Roughly 43,400 attend the school each year. The average in-state tuition for full-time undergraduates is $9,273 per year, while in-state graduate students, on average, pay $10,728 per year.
For the 2018-2019 academic year, 587 bachelor's degrees were handed out to economics majors at UW - Madison. About 28% of this group were women, and 12% were students from an underrepresented racial-ethnic group.
The 4th most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Santa Barbara. Each year, around 25,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.
During the 2018-2019 academic year, 582 people received their bachelor's degree in economics from UCSB. Around 43% of these students were from an underrepresented racial-ethnic group, and 37% were women.
The 5th most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Davis. Roughly 38,100 attend the school each year. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.
For the 2018-2019 academic year, 545 bachelor's degrees were handed out to economics majors at UC Davis. About 40% of this group were women, and 51% were students from an underrepresented racial-ethnic group.
The 6th most popular school in the country for economics majors who are seeking their bachelor's degree is The University of Texas at Austin. Each year, around 51,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $10,824 per year, while in-state graduate students, on average, pay $11,998 per year.
The economics program at The University of Texas at Austin awarded 532 bachelor's degrees during the 2018-2019 school year. Around 45% of these students were from an underrepresented racial-ethnic group, and 28% were women.
Pennsylvania State University - University Park comes in at #7 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 46,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $17,416 per year, while in-state graduate students, on average, pay $21,960 per year.
During the 2018-2019 academic year, 526 people received their bachelor's degree in economics from Penn State University Park. Of these students, 27% were women and 16% were members of underrepresented racial-ethnic groups.
The 8th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Maryland - College Park. Roughly 41,200 attend the school each year. The average in-state tuition for full-time undergraduates is $8,824 per year, while in-state graduate students, on average, pay $13,158 per year.
For the 2018-2019 academic year, 491 bachelor's degrees were handed out to economics majors at UMCP. About 28% of this group were women, and 39% were students from an underrepresented racial-ethnic group.
The 9th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Virginia - Main Campus. Each year, around 24,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,970 per year, while in-state graduate students, on average, pay $16,578 per year.
During the 2018-2019 academic year, 485 people received their bachelor's degree in economics from University of Virginia. About 32% of this group were women, and 22% were students from an underrepresented racial-ethnic group.
University of Michigan - Ann Arbor is the 10th most popular school in the nation for students seeking a bachelor's degree in economics. Each year, around 46,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,212 per year, while in-state graduate students, on average, pay $23,890 per year.
During the 2018-2019 academic year, 476 people received their bachelor's degree in economics from U-M. About 33% of this group were women, and 18% were students from an underrepresented racial-ethnic group.
University of California - San Diego comes in at #11 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 37,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.
For the 2018-2019 academic year, 451 bachelor's degrees were handed out to economics majors at UCSD. About 37% of this group were women, and 42% were students from an underrepresented racial-ethnic group.
The 12th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Illinois at Urbana-Champaign. Roughly 49,700 attend the school each year. The average in-state tuition for full-time undergraduates is $14,188 per year, while in-state graduate students, on average, pay $14,997 per year.
The economics program at University of Illinois at Urbana-Champaign awarded 450 bachelor's degrees during the 2018-2019 school year. About 30% of this group were women, and 29% were students from an underrepresented racial-ethnic group.
The 13th most popular school in the country for economics majors who are seeking their bachelor's degree is New York University. Each year, around 51,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $50,684 per year, while in-state graduate students, on average, pay $33,408 per year.
The economics program at New York University awarded 449 bachelor's degrees during the 2018-2019 school year. Around 39% of these students were from an underrepresented racial-ethnic group, and 49% were women.
The 14th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Massachusetts Amherst. Roughly 30,500 attend the school each year. The average in-state tuition for full-time undergraduates is $15,791 per year, while in-state graduate students, on average, pay $14,014 per year.
For the 2018-2019 academic year, 438 bachelor's degrees were handed out to economics majors at UMass Amherst. Of these students, 26% were women and 24% were members of underrepresented racial-ethnic groups.
Queens College comes in at #15 on our list of the most popular colleges offering bachelor's degrees in economics. Roughly 19,700 attend the school each year. The average in-state tuition for full-time undergraduates is $6,930 per year, while in-state graduate students, on average, pay $11,090 per year.
During the 2018-2019 academic year, 437 people received their bachelor's degree in economics from QC. Of these students, 46% were women and 65% were members of underrepresented racial-ethnic groups.
University of Connecticut comes in at #16 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 27,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $13,798 per year, while in-state graduate students, on average, pay $16,300 per year.
For the 2018-2019 academic year, 404 bachelor's degrees were handed out to economics majors at UCONN. Of these students, 28% were women and 32% were members of underrepresented racial-ethnic groups.
University of Chicago is the 16th most popular school in the nation for students seeking a bachelor's degree in economics. Roughly 17,000 attend the school each year. The average in-state tuition for full-time undergraduates is $57,642 per year, while in-state graduate students, on average, pay $60,300 per year.
The economics program at University of Chicago awarded 404 bachelor's degrees during the 2018-2019 school year. Of these students, 36% were women and 42% were members of underrepresented racial-ethnic groups.
University of Oregon comes in at #18 on our list of the most popular colleges offering bachelor's degrees in economics. Roughly 22,600 attend the school each year. The average in-state tuition for full-time undergraduates is $10,440 per year, while in-state graduate students, on average, pay $14,958 per year.
During the 2018-2019 academic year, 398 people received their bachelor's degree in economics from UO. Around 16% of these students were from an underrepresented racial-ethnic group, and 30% were women.
The 19th most popular school in the country for economics majors who are seeking their bachelor's degree is Boston College. Roughly 14,700 attend the school each year. The average in-state tuition for full-time undergraduates is $56,780 per year, while in-state graduate students, on average, pay $30,600 per year.
The economics program at Boston College awarded 397 bachelor's degrees during the 2018-2019 school year. Of these students, 42% were women and 22% were members of underrepresented racial-ethnic groups.
The 20th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Minnesota - Twin Cities. Each year, around 50,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $13,318 per year, while in-state graduate students, on average, pay $17,580 per year.
For the 2018-2019 academic year, 392 bachelor's degrees were handed out to economics majors at UMN Twin Cities. Around 13% of these students were from an underrepresented racial-ethnic group, and 35% were women.
Economics Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| General Economics | 29,901 |
| Quantitative Economics | 9,050 |
| Other Economics | 385 |
| Development Economics | 345 |
| International Economics | 341 |
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References
*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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