Economics at University of Wisconsin - Madison

What traits are you looking for in a economics school? To help you decide if University of Wisconsin - Madison is right for you, we've gathered the following information about the school's economics program.

UW - Madison is located in Madison, Wisconsin and approximately 44,640 students attend the school each year. Of the 2,300 students who graduated with a bachelor’s degree from University of Wisconsin - Madison in 2021, 624 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.

UW - Madison Economics Degrees Available

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

UW - Madison Economics Rankings

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

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 UW - Madison 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
	2
	58
	134
	219

In 2021, 209 students received their master’s degree in economics from UW - Madison. This makes it the #2 most popular school for economics master’s degree candidates in the country.

There were 31 students who received their doctoral degrees in economics, making the school the #5 most popular school in the United States for this category of students.

Earnings of UW - Madison Economics Graduates

The median salary of economics students who receive their bachelor's degree at UW - Madison is $48,053. This is 5% higher than $45,868, which is the national average for all economics bachelor's degree recipients.

Economics Student Demographics at UW - Madison

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

UW - Madison Economics Bachelor’s Program

Of the 624 students who graduated with a bachelor’s in economics from UW - Madison in 2021, 67% were men and 33% were women.

About 60% of those who receive a bachelor's degree in economics at UW - Madison 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 Wisconsin - Madison with a bachelor's in economics.

Race/Ethnicity	Number of Students
Asian	28
Black or African American	6
Hispanic or Latino	35
White	376
International Students	157
Other Races/Ethnicities	22

UW - Madison Economics Master’s Program

In the 2020-2021 academic year, 209 students earned a master's degree in economics from UW - Madison. About 48% of these graduates were women and the other 52% were men.

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

Race/Ethnicity	Number of Students
Asian	4
Black or African American	0
Hispanic or Latino	1
White	15
International Students	188
Other Races/Ethnicities	1

UW - Madison also has a doctoral program available in economics. In 2021, 31 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 completion numbers here include all graduates who receive any type of degree in this field from University of Wisconsin - Madison. Some of these focus areas may not be available for your degree level.

Concentration	Annual Degrees Awarded
General Economics	624
Econometrics & Quantitative Economics	239
Development Economics & International Development	1

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 WI, the home state for University of Wisconsin - Madison.

Occupation	Jobs in WI	Average Salary in WI
Market Research Analysts and Marketing Specialists	12,660	$57,710
Managers	12,400	$85,050
Economists	240	$80,070
Economics Professors	200	$119,560
Survey Researchers	80	$48,010

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 Czar under License

More about our data sources and methodologies.