Bachelor’s Degrees in Economics
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Education Levels of Economics Majors
In 2020-2021, 39,397 earned their bachelor's degree in economics. This makes it the 5th most popular bachelor's degree program in the country.
The following table shows the number of diplomas awarded in economics at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 39,397 |
| Master’s Degree | 4,803 |
| Associate Degree | 3,446 |
| Doctor’s Degree | 1,248 |
| Graduate Certificate | 122 |
| Basic Certificate | 33 |
| Undergraduate Certificate | 6 |
Earnings of Economics Majors With Bachelor’s Degrees
The median salary for graduates holding a bachelor's degree in economics is $45,868. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses. A better approximation of salary is to look at the typical range of salaries. In this case the low is $39,715 and the high is $52,857.
Student Debt
The median student debt for graduates holding a bachelor's degree in economics is $22,987. The length of time it takes you to graduate and what college you attend can affect this number quite a bit. The chart below shows the range of accumulated debt loads. On the high side of the range, $26,000 is the debt load, and the debt load on the low side is $19,125.
The median monthly payment of a economics graduate with a 10-year repayment plan is $425.
Student Diversity
More men than women pursue bachelor's degrees in economics. About 65.1% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 25,649 |
| Women | 13,748 |
The racial-ethnic distribution of economics bachelor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 5,089 |
| Black or African American | 1,616 |
| Hispanic or Latino | 4,101 |
| White | 17,686 |
| International Students | 8,183 |
| Other Races/Ethnicities | 2,722 |
Most Popular Economics Programs for Bachelor’s Degrees
There are 781 colleges that offer a bachelor’s degree in economics. Learn more about the most popular 20 below:
The most popular school in the United States for economics students seekinga bachelor's degree is University of California - Los Angeles. Roughly 44,500 attend the school each year. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. During the 2020-2021 academic year, 796 people received their bachelor's degree in economics from UCLA. About 50% of this group were women, and 42% were students from an underrepresented racial-ethnic group.
University of California - Berkeley comes in at #2 on our list of the most popular colleges offering bachelor's degrees in economics. Roughly 42,300 attend the school each year. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. The economics program at University of California - Berkeley awarded 758 bachelor's degrees during the 2020-2021 school year. Of these students, 48% were women and 51% were members of underrepresented racial-ethnic groups.
University of California - Santa Barbara is the 3rd most popular school in the nation for students seeking a bachelor's degree in economics. Each year, around 26,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. During the 2020-2021 academic year, 695 people received their bachelor's degree in economics from UCSB. Of these students, 39% were women and 45% were members of underrepresented racial-ethnic groups.
University of Wisconsin - Madison is the 4th most popular school in the nation for students seeking a bachelor's degree in economics. Roughly 44,600 attend the school each year. The average in-state tuition for full-time undergraduates is $9,273 per year, while in-state graduate students, on average, pay $10,728 per year. For the 2020-2021 academic year, 624 bachelor's degrees were handed out to economics majors at UW - Madison. Of these students, 33% were women and 13% were members of underrepresented racial-ethnic groups.
The 5th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Michigan - Ann Arbor. Each year, around 47,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,865 per year, while in-state graduate students, on average, pay $24,902 per year. During the 2020-2021 academic year, 618 people received their bachelor's degree in economics from U-M. Of these students, 35% were women and 23% were members of underrepresented racial-ethnic groups.
The 6th most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Davis. Each year, around 39,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. The economics program at University of California - Davis awarded 615 bachelor's degrees during the 2020-2021 school year. Of these students, 38% were women and 39% were members of underrepresented racial-ethnic groups.
Pennsylvania State University - University Park is the 7th most popular school in the nation for students seeking a bachelor's degree in economics. Roughly 89,800 attend the school each year. The average in-state tuition for full-time undergraduates is $15,400 per year, while in-state graduate students, on average, pay $23,189 per year. The economics program at Pennsylvania State University - University Park awarded 612 bachelor's degrees during the 2020-2021 school year. Of these students, 28% were women and 18% were members of underrepresented racial-ethnic groups.
University of Virginia - Main Campus is the 8th most popular school in the nation for students seeking a bachelor's degree in economics. Each year, around 25,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,547 per year, while in-state graduate students, on average, pay $17,674 per year. During the 2020-2021 academic year, 509 people received their bachelor's degree in economics from University of Virginia. About 36% of this group were women, and 24% were students from an underrepresented racial-ethnic group.
The 9th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Chicago. Roughly 17,800 attend the school each year. The average in-state tuition for full-time undergraduates is $59,256 per year, while in-state graduate students, on average, pay $62,640 per year. During the 2020-2021 academic year, 491 people received their bachelor's degree in economics from UChicago. Of these students, 38% were women and 43% were members of underrepresented racial-ethnic groups.
The 10th most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Irvine. Each year, around 36,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. During the 2020-2021 academic year, 472 people received their bachelor's degree in economics from UC Irvine. Around 35% of these students were from an underrepresented racial-ethnic group, and 40% were women.
University of Connecticut comes in at #11 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 27,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,030 per year, while in-state graduate students, on average, pay $17,532 per year. During the 2020-2021 academic year, 455 people received their bachelor's degree in economics from UCONN. About 31% of this group were women, and 29% were students from an underrepresented racial-ethnic group.
The 12th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Illinois at Urbana-Champaign. Each year, around 52,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,446 per year, while in-state graduate students, on average, pay $14,635 per year. The economics program at University of Illinois at Urbana-Champaign awarded 443 bachelor's degrees during the 2020-2021 school year. About 30% of this group were women, and 33% were students from an underrepresented racial-ethnic group.
New York University is the 13th most popular school in the nation for students seeking a bachelor's degree in economics. Each year, around 52,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $53,770 per year, while in-state graduate students, on average, pay $35,982 per year. For the 2020-2021 academic year, 437 bachelor's degrees were handed out to economics majors at NYU. Around 35% of these students were from an underrepresented racial-ethnic group, and 45% were women.
University of California - San Diego comes in at #14 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 39,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. During the 2020-2021 academic year, 436 people received their bachelor's degree in economics from UCSD. About 38% of this group were women, and 41% were students from an underrepresented racial-ethnic group.
University of Maryland - College Park is the 15th most popular school in the nation for students seeking a bachelor's degree in economics. Each year, around 40,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,000 per year, while in-state graduate students, on average, pay $15,360 per year. For the 2020-2021 academic year, 432 bachelor's degrees were handed out to economics majors at UMCP. About 31% of this group were women, and 38% were students from an underrepresented racial-ethnic group.
The 16th most popular school in the country for economics majors who are seeking their bachelor's degree is Utah State University. Roughly 27,600 attend the school each year. The average in-state tuition for full-time undergraduates is $8,042 per year, while in-state graduate students, on average, pay $6,534 per year. For the 2020-2021 academic year, 419 bachelor's degrees were handed out to economics majors at USU. Around 2% of these students were from an underrepresented racial-ethnic group, and 48% were women.
University of North Carolina at Chapel Hill comes in at #17 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 30,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,019 per year, while in-state graduate students, on average, pay $10,552 per year. During the 2020-2021 academic year, 409 people received their bachelor's degree in economics from UNC Chapel Hill. Of these students, 35% were women and 25% were members of underrepresented racial-ethnic groups.
The 18th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Massachusetts Amherst. Roughly 31,600 attend the school each year. The average in-state tuition for full-time undergraduates is $15,791 per year, while in-state graduate students, on average, pay $14,014 per year. During the 2020-2021 academic year, 404 people received their bachelor's degree in economics from UMass Amherst. Around 26% of these students were from an underrepresented racial-ethnic group, and 28% were women.
The 19th most popular school in the country for economics majors who are seeking their bachelor's degree is Queens College. Roughly 19,700 attend the school each year. The average in-state tuition for full-time undergraduates is $6,930 per year, while in-state graduate students, on average, pay $11,090 per year. During the 2020-2021 academic year, 394 people received their bachelor's degree in economics from QC. Of these students, 41% were women and 72% were members of underrepresented racial-ethnic groups.
Rutgers University - New Brunswick is the 20th most popular school in the nation for students seeking a bachelor's degree in economics. Each year, around 50,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $12,536 per year, while in-state graduate students, on average, pay $18,180 per year. The economics program at Rutgers University - New Brunswick awarded 387 bachelor's degrees during the 2020-2021 school year. About 27% of this group were women, and 43% were students from an underrepresented racial-ethnic group.
Economics Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| General Economics | 24,212 |
| Quantitative Economics | 14,028 |
| Development Economics | 336 |
| Applied Economics | 330 |
| International Economics | 276 |
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References
*The racial-ethnic minority student 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 percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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