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Bachelor's Degree in Economics

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Bachelor’s Degrees in Economics

40,355 Yearly Graduations
$44,300 Median Salary
$21,666 Median Debt
A bachelor's degree in economics is offered at 787 colleges in the United States. Among those who recently graduated from the schools offering this degree, the majority were men, and 30% were students from an underrepresented racial-ethnic group. Also, 19.6% of economics graduates were international students.

Education Levels of Economics Majors

During the 2018-2019 academic year, 40,355 students 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 40,355
Master’s Degree 4,391
Associate’s Degree 2,228
Doctor’s Degree 1,225
Graduate Certificate 83
Basic Certificate 12
Undergraduate Certificate 3

Earnings of Economics Majors With Bachelor’s Degrees

The median salary for graduates holding a bachelor's degree in economics is $44,300. However, this can depend on a number of factors, such as where you live and the number of years experience you have.

A better approximation of salary is to look at the typical range of salaries. In this case the low is $39,100 and the high is $50,200.

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Student Debt

The median student debt for graduates holding a bachelor's degree in economics is $21,666. 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, $25,000 is the debt load, and the debt load on the low side is $18,530.

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Those students who are paying back their debt on a 10-year repayment plan have a median monthly payment of $225.

Student Diversity

More men than women pursue bachelor's degrees in economics. About 66.5% of graduates in this field are male.

Gender Number of Grads
Men 26,823
Women 13,532
Gender Diversity of Bachelor's Degrees in Economics

The racial-ethnic distribution of economics bachelor’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 5,071
Black or African American 1,675
Hispanic or Latino 3,937
White 19,128
International Students 7,919
Other Races/Ethnicities 2,625
Racial-Ethnic Diversity of Economics Bachelor's Degree Students

There are 787 colleges that offer a bachelor’s degree in economics. Learn more about the most popular 20 below:

#1

University of California - Berkeley

Berkeley, California
719 Yearly Graduations
46% Women
50% Racial-Ethnic Minorities*

University of California - Berkeley tops the list of the most popular school in the U.S. for economics majors who are seeking their bachelor's degree. Roughly 43,100 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 2018-2019 academic year, 719 people received their bachelor's degree in economics from UC Berkeley. About 46% of this group were women, and 50% were students from an underrepresented racial-ethnic group.

#2

University of California - Los Angeles

Los Angeles, California
683 Yearly Graduations
51% Women
48% Racial-Ethnic Minorities*

The 2nd most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Los Angeles. Each year, around 44,300 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 2018-2019 academic year, 683 people received their bachelor's degree in economics from UCLA. Around 48% of these students were from an underrepresented racial-ethnic group, and 51% were women.

#3

University of Wisconsin - Madison

Madison, Wisconsin
587 Yearly Graduations
28% Women
12% Racial-Ethnic Minorities*

The 3rd most popular school in the country for economics majors who are seeking their bachelor's degree is University of Wisconsin - Madison. Each year, around 44,200 students seeking various degrees attend the university. 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 2018-2019 academic year, 587 bachelor's degrees were handed out to economics majors at UW - Madison. About 28% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

#4

University of California - Santa Barbara

Santa Barbara, California
582 Yearly Graduations
37% Women
43% Racial-Ethnic Minorities*

The 4th most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Santa Barbara. Roughly 26,300 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.

During the 2018-2019 academic year, 582 people received their bachelor's degree in economics from UCSB. Around 43% of these students were from an underrepresented racial-ethnic group, and 37% were women.

#5

University of California - Davis

Davis, California
545 Yearly Graduations
40% Women
51% Racial-Ethnic Minorities*

The 5th most popular school in the country for economics majors who are seeking their bachelor's degree is University of California - Davis. Each year, around 38,600 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.

For the 2018-2019 academic year, 545 bachelor's degrees were handed out to economics majors at UC Davis. About 40% of this group were women, and 51% were students from an underrepresented racial-ethnic group.

532 Yearly Graduations
28% Women
45% Racial-Ethnic Minorities*

The 6th most popular school in the country for economics majors who are seeking their bachelor's degree is The University of Texas at Austin. Roughly 51,000 attend the school each year. The average in-state tuition for full-time undergraduates is $10,824 per year, while in-state graduate students, on average, pay $11,998 per year.

The economics program at The University of Texas at Austin awarded 532 bachelor's degrees during the 2018-2019 school year. Around 45% of these students were from an underrepresented racial-ethnic group, and 28% were women.

#7

Pennsylvania State University - University Park

University Park, Pennsylvania
526 Yearly Graduations
27% Women
16% Racial-Ethnic Minorities*

Pennsylvania State University - University Park comes in at #7 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 91,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $17,416 per year, while in-state graduate students, on average, pay $21,960 per year.

During the 2018-2019 academic year, 526 people received their bachelor's degree in economics from Penn State University Park. Of these students, 27% were women and 16% were members of underrepresented racial-ethnic groups.

#8

University of Maryland - College Park

College Park, Maryland
491 Yearly Graduations
28% Women
39% Racial-Ethnic Minorities*

The 8th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Maryland - College Park. Each year, around 40,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,824 per year, while in-state graduate students, on average, pay $13,158 per year.

For the 2018-2019 academic year, 491 bachelor's degrees were handed out to economics majors at UMCP. About 28% of this group were women, and 39% were students from an underrepresented racial-ethnic group.

#9

University of Virginia - Main Campus

Charlottesville, Virginia
485 Yearly Graduations
32% Women
22% Racial-Ethnic Minorities*

The 9th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Virginia - Main Campus. Each year, around 25,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,970 per year, while in-state graduate students, on average, pay $16,578 per year.

During the 2018-2019 academic year, 485 people received their bachelor's degree in economics from University of Virginia. About 32% of this group were women, and 22% were students from an underrepresented racial-ethnic group.

#10

University of Michigan - Ann Arbor

Ann Arbor, Michigan
476 Yearly Graduations
33% Women
18% Racial-Ethnic Minorities*

University of Michigan - Ann Arbor is the 10th most popular school in the nation for students seeking a bachelor's degree in economics. Roughly 48,000 attend the school each year. The average in-state tuition for full-time undergraduates is $16,212 per year, while in-state graduate students, on average, pay $23,890 per year.

During the 2018-2019 academic year, 476 people received their bachelor's degree in economics from U-M. About 33% of this group were women, and 18% were students from an underrepresented racial-ethnic group.

#11

University of California - San Diego

La Jolla, California
451 Yearly Graduations
37% Women
42% Racial-Ethnic Minorities*

University of California - San Diego comes in at #11 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 38,700 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.

For the 2018-2019 academic year, 451 bachelor's degrees were handed out to economics majors at UCSD. About 37% of this group were women, and 42% were students from an underrepresented racial-ethnic group.

450 Yearly Graduations
30% Women
29% Racial-Ethnic Minorities*

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 51,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,188 per year, while in-state graduate students, on average, pay $14,997 per year.

The economics program at University of Illinois at Urbana-Champaign awarded 450 bachelor's degrees during the 2018-2019 school year. About 30% of this group were women, and 29% were students from an underrepresented racial-ethnic group.

#13

New York University

New York, New York
449 Yearly Graduations
49% Women
39% Racial-Ethnic Minorities*

The 13th most popular school in the country for economics majors who are seeking their bachelor's degree is New York University. Roughly 52,800 attend the school each year. The average in-state tuition for full-time undergraduates is $50,684 per year, while in-state graduate students, on average, pay $33,408 per year.

The economics program at New York University awarded 449 bachelor's degrees during the 2018-2019 school year. Around 39% of these students were from an underrepresented racial-ethnic group, and 49% were women.

#14

University of Massachusetts Amherst

Amherst, Massachusetts
438 Yearly Graduations
26% Women
24% Racial-Ethnic Minorities*

The 14th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Massachusetts Amherst. Roughly 31,300 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.

For the 2018-2019 academic year, 438 bachelor's degrees were handed out to economics majors at UMass Amherst. Of these students, 26% were women and 24% were members of underrepresented racial-ethnic groups.

#15

Queens College

Queens, New York
437 Yearly Graduations
46% Women
65% Racial-Ethnic Minorities*

Queens College comes in at #15 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 19,900 students seeking various degrees attend the university. 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 2018-2019 academic year, 437 people received their bachelor's degree in economics from QC. Of these students, 46% were women and 65% were members of underrepresented racial-ethnic groups.

#16

University of Connecticut

Storrs, Connecticut
404 Yearly Graduations
28% Women
32% Racial-Ethnic Minorities*

University of Connecticut comes in at #16 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 $13,798 per year, while in-state graduate students, on average, pay $16,300 per year.

For the 2018-2019 academic year, 404 bachelor's degrees were handed out to economics majors at UCONN. Of these students, 28% were women and 32% were members of underrepresented racial-ethnic groups.

#16

University of Chicago

Chicago, Illinois
404 Yearly Graduations
36% Women
42% Racial-Ethnic Minorities*

University of Chicago is the 16th most popular school in the nation for students seeking a bachelor's degree in economics. Roughly 17,400 attend the school each year. The average in-state tuition for full-time undergraduates is $57,642 per year, while in-state graduate students, on average, pay $60,300 per year.

The economics program at University of Chicago awarded 404 bachelor's degrees during the 2018-2019 school year. Of these students, 36% were women and 42% were members of underrepresented racial-ethnic groups.

#18

University of Oregon

Eugene, Oregon
398 Yearly Graduations
30% Women
16% Racial-Ethnic Minorities*

University of Oregon comes in at #18 on our list of the most popular colleges offering bachelor's degrees in economics. Each year, around 22,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $10,440 per year, while in-state graduate students, on average, pay $14,958 per year.

During the 2018-2019 academic year, 398 people received their bachelor's degree in economics from UO. Around 16% of these students were from an underrepresented racial-ethnic group, and 30% were women.

#19

Boston College

Chestnut Hill, Massachusetts
397 Yearly Graduations
42% Women
22% Racial-Ethnic Minorities*

The 19th most popular school in the country for economics majors who are seeking their bachelor's degree is Boston College. Roughly 14,700 attend the school each year. The average in-state tuition for full-time undergraduates is $56,780 per year, while in-state graduate students, on average, pay $30,600 per year.

The economics program at Boston College awarded 397 bachelor's degrees during the 2018-2019 school year. Of these students, 42% were women and 22% were members of underrepresented racial-ethnic groups.

#20

University of Minnesota - Twin Cities

Minneapolis, Minnesota
392 Yearly Graduations
35% Women
13% Racial-Ethnic Minorities*

The 20th most popular school in the country for economics majors who are seeking their bachelor's degree is University of Minnesota - Twin Cities. Each year, around 51,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $13,318 per year, while in-state graduate students, on average, pay $17,580 per year.

For the 2018-2019 academic year, 392 bachelor's degrees were handed out to economics majors at UMN Twin Cities. Around 13% of these students were from an underrepresented racial-ethnic group, and 35% were women.

Economics Focus Areas

Major Annual Degrees Awarded
General Economics 29,901
Quantitative Economics 9,050
Other Economics 385
Development Economics 345
International Economics 341

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.

More about our data sources and methodologies.

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