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Doctor's Degree in Economics

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Doctor’s Degrees in Economics

1,219 Yearly Graduations
33% Women
11% Racial-Ethnic Minorities*
There are 131 schools in the United States where you can get your doctor's degree in economics. Among those who recently graduated from the schools offering this degree, the majority were men, and 11% were students from an underrepresented racial-ethnic group. Also, 61.9% of economics graduates were international students.

Education Levels of Economics Majors

In 2019-2020, 1,219 doctor's degrees were awarded to economics majors. This earns it the #2 spot on the list of the most popular doctor's degree programs in the nation.

The following table shows the number of diplomas awarded in economics at each degree level.

Education Level Number of Grads
Bachelor’s Degree 40,046
Master’s Degree 4,493
Associate Degree 2,948
Doctor’s Degree 1,219
Graduate Certificate 102
Basic Certificate 14
Undergraduate Certificate 9

Earnings of Economics Majors With Doctor’s Degrees

We are unable to calculate the median earnings for economics majors with their doctor's degree due to lack of data.

Student Debt

The data on debt ranges for economics majors who have their doctor's degree is not available.

Student Diversity

More men than women pursue doctor's degrees in economics. About 67.2% of graduates in this field are male.

Gender Number of Grads
Men 819
Women 400

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

Race/Ethnicity Number of Grads
Asian 64
Black or African American 20
Hispanic or Latino 32
White 302
International Students 755
Other Races/Ethnicities 46

There are 131 colleges that offer a doctor’s degree in economics. Learn more about the most popular 20 below:

Economics Concentrations

Major Annual Degrees Awarded
Quantitative Economics 772
General Economics 408
Development Economics 19
Applied Economics 17
Other Economics 3


*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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