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Economics at University of Chicago

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Economics at University of Chicago

Every economics school has its own distinct culture and strengths. We've pulled together some statistics and other details to help you see how the economics program at University of Chicago stacks up to those at other schools.

UChicago is located in Chicago, Illinois and has a total student population of 17,834. Of the 491 students who graduated with a bachelor’s degree from University of Chicago in 2021, 491 of them were economics majors.

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

UChicago Economics Degrees Available

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

UChicago Economics Rankings

Each year, College Factual ranks economics programs across the country. The following shows how UChicago performed in these rankings.

Note: Rankings don't always give a complete picture of a school's strengths and weaknesses, so it's a good idea to extend your research and also look at other factors when trying to decide if the school is right for you.

Bachelor’s Degree Overall Quality & Other Notable Rankings

The economics major at UChicago 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
1
1
1
3
3
4
7
7
7
8
8
11
12
15
18
22
39
41
55
61
120
146

In 2021, 68 students received their master’s degree in economics from UChicago. This makes it the #16 most popular school for economics master’s degree candidates in the country.

There were 43 students who received their doctoral degrees in economics, making the school the #1 most popular school in the United States for this category of students.

How Much Do Economics Graduates from UChicago Make?

The median salary of economics students who receive their bachelor's degree at UChicago is $82,564. This is 80% higher than $45,868, which is the national average for all economics bachelor's degree recipients.

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Economics Student Demographics at UChicago

Take a look at the following statistics related to the make-up of the economics majors at University of Chicago.

UChicago Economics Bachelor’s Program

38% Women
43% Racial-Ethnic Minorities*
Of the 491 economics students who graduated with a bachelor's degree in 2020-2021 from UChicago, about 62% were men and 38% were women. The typical economics bachelor's degree program is made up of only 36% women. So female students are more repesented at UChicago since its program graduates 1% more women than average.

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Prospective students may be interested in knowing that this school graduates 12% 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 University of Chicago with a bachelor's in economics.

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Race/Ethnicity Number of Students
Asian 128
Black or African American 5
Hispanic or Latino 46
White 154
International Students 118
Other Races/Ethnicities 40

UChicago Economics Master’s Program

43% Women
4% Racial-Ethnic Minorities*
During the 2020-2021 academic year, 68 economics majors earned their master's degree from UChicago. Of these graduates, 57% were men and 43% were women.

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

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Race/Ethnicity Number of Students
Asian 2
Black or African American 0
Hispanic or Latino 1
White 6
International Students 58
Other Races/Ethnicities 1

UChicago also has a doctoral program available in economics. In 2021, 43 students graduated with a doctor's degree in this field.

Concentrations Within Economics

If you plan to be a economics major, you may want to focus your studies on one of the following concentrations. The table shows all degrees awarded in this field awarded for all degree levels at University of Chicago. A concentration may not be available for your level.

Concentration Annual Degrees Awarded
Econometrics & Quantitative Economics 602

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 IL, the home state for University of Chicago.

Occupation Jobs in IL Average Salary in IL
Market Research Analysts and Marketing Specialists 30,150 $61,670
Survey Researchers 1,590 $57,560
Economics Professors 520 $128,340
Economists 380 $108,690

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.

More about our data sources and methodologies.

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