Economics at University of Michigan - Ann Arbor

If you are interested in studying economics, you may want to check out the program at University of Michigan - Ann Arbor. The following information will help you decide if it is a good fit for you.

U-M is located in Ann Arbor, Michigan and has a total student population of 47,907. Of the 1,276 students who graduated with a bachelor’s degree from University of Michigan - Ann Arbor in 2021, 618 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.

U-M Economics Degrees Available

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

U-M Economics Rankings

The following rankings from College Factual show how the economics progam at U-M 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 U-M 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
	20
	22
	24
	27
	33
	37
	61
	62
	64
	72
	102
	120
	251

In 2021, 93 students received their master’s degree in economics from U-M. This makes it the #10 most popular school for economics master’s degree candidates in the country.

There were 17 students who received their doctoral degrees in economics, making the school the #24 most popular school in the United States for this category of students.

How Much Do Economics Graduates from U-M Make?

The median salary of economics students who receive their bachelor's degree at U-M is $62,024. This is 35% higher than $45,868, which is the national average for all economics bachelor's degree recipients.

Economics Student Demographics at U-M

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

U-M Economics Bachelor’s Program

Of the 618 students who earned a bachelor's degree in Economics from U-M in 2020-2021, 65% were men and 35% were women.

About 54% of those who receive a bachelor's degree in economics at U-M are white. This is above average for this degree on the nationwide level.

The following table and chart show the race/ethnicity for students who recently graduated from University of Michigan - Ann Arbor with a bachelor's in economics.

Race/Ethnicity	Number of Students
Asian	80
Black or African American	9
Hispanic or Latino	26
White	335
International Students	112
Other Races/Ethnicities	56

U-M Economics Master’s Program

In the 2020-2021 academic year, 93 students earned a master's degree in economics from U-M. About 43% of these graduates were women and the other 57% were men.

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

Race/Ethnicity	Number of Students
Asian	5
Black or African American	0
Hispanic or Latino	0
White	11
International Students	74
Other Races/Ethnicities	3

U-M also has a doctoral program available in economics. In 2021, 17 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 Michigan - Ann Arbor. A concentration may not be available for your level.

Concentration	Annual Degrees Awarded
General Economics	646
Applied Economics	65
Econometrics & Quantitative Economics	17

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 MI, the home state for University of Michigan - Ann Arbor.

Occupation	Jobs in MI	Average Salary in MI
Market Research Analysts and Marketing Specialists	18,980	$67,500
Managers	6,370	$98,780
Economics Professors	300	$111,530
Economists	250	$90,040
Survey Researchers	240	$64,400

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 Dwight Burdette under License

More about our data sources and methodologies.