Economics at Wayne State University

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 Wayne State University stacks up to those at other schools.

Wayne State is located in Detroit, Michigan and has a total student population of 26,241. Of the 1,088 students who graduated with a bachelor’s degree from Wayne State University in 2021, 39 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.

Wayne State Economics Degrees Available

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

Wayne State Economics Rankings

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

Note: While rankings may be a good starting point when you're researching a school, they don't necessarily highlight all of a school's strengths. Don't forget to check out the other details that are available for a school to see if it has what you're looking for in a program.

Bachelor’s Degree Overall Quality & Other Notable Rankings

The economics major at Wayne State 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
	15
	23
	28
	109
	112
	136
	153
	171
	185
	201
	430
	434
	465
	478
	506

In 2021, 10 students received their master’s degree in economics from Wayne State. This makes it the #113 most popular school for economics master’s degree candidates in the country.

There were 1 student who received their doctoral degrees in economics, making the school the #115 most popular school in the United States for this category of students.

How Much Do Economics Graduates from Wayne State Make?

The median salary of economics students who receive their bachelor's degree at Wayne State is $35,437. This is less than $45,868, which is the national average of all economics majors in the nation who earn bachelor's degrees.

Economics Student Demographics at Wayne State

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

Wayne State Economics Bachelor’s Program

The economics program at Wayne State awarded 39 bachelor's degrees in 2020-2021. About 62% of these degrees went to men with the other 38% going to women. The typical economics bachelor's degree program is made up of only 36% women. So female students are more repesented at Wayne State since its program graduates 2% more women than average.

About 59% of those who receive a bachelor's degree in economics at Wayne State are white. This is above average for this degree on the nationwide level. Prospective students may be interested in knowing that this school graduates 7% 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 Wayne State University with a bachelor's in economics.

Race/Ethnicity	Number of Students
Asian	7
Black or African American	3
Hispanic or Latino	2
White	23
International Students	1
Other Races/Ethnicities	3

Wayne State Economics Master’s Program

During the 2020-2021 academic year, 10 economics majors earned their master's degree from Wayne State. Of these graduates, 80% were men and 20% were women.

Of the students who received a economics master's degree from Wayne State, 70% were white. This is above average for this degree on the natiowide level.

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

Race/Ethnicity	Number of Students
Asian	0
Black or African American	1
Hispanic or Latino	0
White	7
International Students	2
Other Races/Ethnicities	0

Wayne State also has a doctoral program available in economics. In 2021, 1 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 completion numbers here include all graduates who receive any type of degree in this field from Wayne State University. Some of these focus areas may not be available for your degree level.

Concentration	Annual Degrees Awarded
General Economics	42
Other Economics	8

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 Wayne State University.

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 Del arte under License

More about our data sources and methodologies.