Economics at Massachusetts Institute of Technology

If you plan to study economics, take a look at what Massachusetts Institute of Technology has to offer and decide if the program is a good match for you. Get started with the following essential facts.

MIT is located in Cambridge, Massachusetts and approximately 11,254 students attend the school each year. In the 2020-2021 academic year, 55 students received a bachelor's degree in economics from MIT.

Want to know more about the career opportunities in this field? Check out the Careers in Economics section at the bottom of this page.

MIT Economics Degrees Available

• Bachelor’s Degree in Economics
• Master’s Degree in Economics
• Doctorate Degree in Economics

MIT Economics Rankings

The following rankings from College Factual show how the economics progam at MIT compares to programs at other colleges and universities.

Note: Although rankings can help you see some information about a school, it's not a good idea to depend on them alone. Be sure to check out other things about the school before making your decision to attend.

Bachelor’s Degree Overall Quality & Other Notable Rankings

The economics major at MIT is not ranked on College Factual’s Best Colleges and Universities for Economics. This could be for a number of reasons, such as not having enough data on the major or school to make an accurate assessment of its quality.

Ranking Type	Rank
	5
	12
	43
	56
	124
	170
	203
	270

In 2021, 22 students received their master’s degree in economics from MIT. This makes it the #57 most popular school for economics master’s degree candidates in the country.

There were 22 students who received their doctoral degrees in economics, making the school the #12 most popular school in the United States for this category of students.

Economics Student Demographics at MIT

Take a look at the following statistics related to the make-up of the economics majors at Massachusetts Institute of Technology.

MIT Economics Bachelor’s Program

For the most recent academic year available, 51% of economics bachelor's degrees went to men and 49% went to women. The typical economics bachelor's degree program is made up of only 36% women. So female students are more repesented at MIT since its program graduates 13% more women than average.

Prospective students may be interested in knowing that this school graduates 32% more racial-ethnic minorities in its economics bachelor's program than the national average.*

The following table and chart show the race/ethnicity for students who recently graduated from Massachusetts Institute of Technology with a bachelor's in economics.

Race/Ethnicity	Number of Students
Asian	24
Black or African American	5
Hispanic or Latino	6
White	18
International Students	1
Other Races/Ethnicities	1

MIT Economics Master’s Program

Of the 22 students who earned a master's degree in Economics from MIT in 2020-2021, 68% were men and 32% were women.

The following table and chart show the race/ethnicity for students who recently graduated from Massachusetts Institute of Technology with a master's in economics.

Race/Ethnicity	Number of Students
Asian	0
Black or African American	0
Hispanic or Latino	1
White	1
International Students	20
Other Races/Ethnicities	0

MIT also has a doctoral program available in economics. In 2021, 22 students graduated with a doctor's degree in this field.

Concentrations Within Economics

Economics majors may want to concentrate their studies in one of these areas. The table shows all degrees awarded in this field awarded for all degree levels at Massachusetts Institute of Technology. A concentration may not be available for your level.

Concentration	Annual Degrees Awarded
Econometrics & Quantitative Economics	99

Careers That Economics Grads May Go Into

A degree in economics can lead to the following careers. Since job numbers and average salaries can vary by geographic location, we have only included the numbers for MA, the home state for Massachusetts Institute of Technology.

Occupation	Jobs in MA	Average Salary in MA
Market Research Analysts and Marketing Specialists	20,070	$74,510
Managers	8,660	$131,450
Economists	1,150	$117,680
Economics Professors	870	$125,120
Survey Researchers	730	$64,950

References

*The racial-ethnic minorities 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 racial-ethnic minorities percentage.

• College Factual
• National Center for Education Statistics
• O*NET Online
• Image Credit: By InSapphoWeTrust under License

More about our data sources and methodologies.