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Doctor's Degree in Economics

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Doctor’s Degrees in Economics

1,225 Yearly Graduations
34% Women
10% Racial-Ethnic Minorities*
A doctor's degree in economics is offered at 131 colleges in the United States. This degree is more popular with male students, and about 10% of recent graduates were from an underrepresented racial-ethnic group. Also, 62.1% of economics graduates were international students.

Education Levels of Economics Majors

During the 2018-2019 academic year, 1,225 students earned their doctor's degree in economics. 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 40,355
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 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

We do not have the data to calculate the median and range of debt loads for economics students who are doctor's degree holders.

Student Diversity

More men than women pursue doctor's degrees in economics. About 66.1% of graduates in this field are male.

Gender Number of Grads
Men 810
Women 415
Gender Diversity of Doctor's Degrees in Economics

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

Race/Ethnicity Number of Grads
Asian 72
Black or African American 13
Hispanic or Latino 27
White 301
International Students 761
Other Races/Ethnicities 51
Racial-Ethnic Diversity of Economics Doctor's Degree Students

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

#1

Harvard University

Cambridge, Massachusetts
41 Yearly Graduations
37% Women
29% Racial-Ethnic Minorities*

The most popular school in the United States for economics students seekinga doctor's degree is Harvard University. Each year, around 31,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $47,730 per year, while in-state graduate students, on average, pay $48,008 per year.

The economics program at Harvard University awarded 41 doctor's degrees during the 2018-2019 school year. Around 29% of these students were from an underrepresented racial-ethnic group, and 37% were women.

#2

University of Minnesota - Twin Cities

Minneapolis, Minnesota
34 Yearly Graduations
29% Women
3% Racial-Ethnic Minorities*

University of Minnesota - Twin Cities is the 2nd most popular school in the nation for students seeking a doctor's degree in economics. Roughly 51,300 attend the school each year. 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.

The economics program at University of Minnesota - Twin Cities awarded 34 doctor's degrees during the 2018-2019 school year. Of these students, 29% were women and 3% were members of underrepresented racial-ethnic groups.

#3

University of Wisconsin - Madison

Madison, Wisconsin
30 Yearly Graduations
37% Women

The 3rd most popular school in the country for economics majors who are seeking their doctor's degree is University of Wisconsin - Madison. Roughly 44,200 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 2018-2019 academic year, 30 doctor's degrees were handed out to economics majors at UW - Madison.

#4

Stanford University

Stanford, California
27 Yearly Graduations
30% Women
11% Racial-Ethnic Minorities*

Stanford University is the 4th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 17,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $52,857 per year, while in-state graduate students, on average, pay $52,479 per year.

For the 2018-2019 academic year, 27 doctor's degrees were handed out to economics majors at Stanford. About 30% of this group were women, and 11% were students from an underrepresented racial-ethnic group.

#5

University of Chicago

Chicago, Illinois
26 Yearly Graduations
15% Women
15% Racial-Ethnic Minorities*

University of Chicago comes in at #5 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 17,400 students seeking various degrees attend the university. 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.

During the 2018-2019 academic year, 26 people received their doctor's degree in economics from UChicago. Of these students, 15% were women and 15% were members of underrepresented racial-ethnic groups.

#6

Massachusetts Institute of Technology

Cambridge, Massachusetts
25 Yearly Graduations
40% Women
12% Racial-Ethnic Minorities*

Massachusetts Institute of Technology comes in at #6 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 11,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $53,450 per year, while in-state graduate students, on average, pay $53,450 per year.

For the 2018-2019 academic year, 25 doctor's degrees were handed out to economics majors at MIT. About 40% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

#6

Northwestern University

Evanston, Illinois
25 Yearly Graduations
28% Women
8% Racial-Ethnic Minorities*

Northwestern University comes in at #6 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 22,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $56,232 per year, while in-state graduate students, on average, pay $56,067 per year.

The economics program at Northwestern University awarded 25 doctor's degrees during the 2018-2019 school year. About 28% of this group were women, and 8% were students from an underrepresented racial-ethnic group.

#8

University of California - Berkeley

Berkeley, California
24 Yearly Graduations
12% Women
25% Racial-Ethnic Minorities*

University of California - Berkeley is the 8th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 43,100 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.

The economics program at University of California - Berkeley awarded 24 doctor's degrees during the 2018-2019 school year. About 12% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

23 Yearly Graduations
35% Women
4% Racial-Ethnic Minorities*

University of Illinois at Urbana-Champaign is the 9th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 51,600 attend the school each year. 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 23 doctor's degrees during the 2018-2019 school year. About 35% of this group were women, and 4% were students from an underrepresented racial-ethnic group.

#9

Yale University

New Haven, Connecticut
23 Yearly Graduations
35% Women
17% Racial-Ethnic Minorities*

Yale University comes in at #9 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 13,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $55,500 per year, while in-state graduate students, on average, pay $43,300 per year.

The economics program at Yale University awarded 23 doctor's degrees during the 2018-2019 school year. Of these students, 35% were women and 17% were members of underrepresented racial-ethnic groups.

#11

Princeton University

Princeton, New Jersey
19 Yearly Graduations
21% Women
11% Racial-Ethnic Minorities*

Princeton University is the 11th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 8,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $51,870 per year, while in-state graduate students, on average, pay $51,870 per year.

The economics program at Princeton University awarded 19 doctor's degrees during the 2018-2019 school year. Around 11% of these students were from an underrepresented racial-ethnic group, and 21% were women.

#11

University of Pennsylvania

Philadelphia, Pennsylvania
19 Yearly Graduations
32% Women
11% Racial-Ethnic Minorities*

University of Pennsylvania is the 11th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 26,600 attend the school each year. The average in-state tuition for full-time undergraduates is $51,156 per year, while in-state graduate students, on average, pay $36,254 per year.

During the 2018-2019 academic year, 19 people received their doctor's degree in economics from UPenn. Around 11% of these students were from an underrepresented racial-ethnic group, and 32% were women.

#11

New York University

New York, New York
19 Yearly Graduations
16% Women
5% Racial-Ethnic Minorities*

New York University is the 11th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 52,800 students seeking various degrees attend the university. 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 19 doctor's degrees during the 2018-2019 school year. Of these students, 16% were women and 5% were members of underrepresented racial-ethnic groups.

#14

University of California - Los Angeles

Los Angeles, California
18 Yearly Graduations
22% Women
6% Racial-Ethnic Minorities*

The 14th most popular school in the country for economics majors who are seeking their doctor's degree is University of California - Los Angeles. Roughly 44,300 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, 18 people received their doctor's degree in economics from UCLA. About 22% of this group were women, and 6% were students from an underrepresented racial-ethnic group.

#14

University of Michigan - Ann Arbor

Ann Arbor, Michigan
18 Yearly Graduations
50% Women

The 14th most popular school in the country for economics majors who are seeking their doctor's degree is University of Michigan - Ann Arbor. Each year, around 48,000 students seeking various degrees attend the university. 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, 18 people received their doctor's degree in economics from U-M.

17 Yearly Graduations
59% Women
12% Racial-Ethnic Minorities*

The 16th most popular school in the country for economics majors who are seeking their doctor's degree is Columbia University in the City of New York. Each year, around 31,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $57,763 per year, while in-state graduate students, on average, pay $47,600 per year.

The economics program at Columbia University in the City of New York awarded 17 doctor's degrees during the 2018-2019 school year. Around 12% of these students were from an underrepresented racial-ethnic group, and 59% were women.

#16

University of California - San Diego

La Jolla, California
17 Yearly Graduations
29% Women
12% Racial-Ethnic Minorities*

University of California - San Diego is the 16th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 38,700 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 - San Diego awarded 17 doctor's degrees during the 2018-2019 school year. About 29% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

#18

Pardee RAND Graduate School

Santa Monica, California
16 Yearly Graduations
50% Women
19% Racial-Ethnic Minorities*

Pardee RAND Graduate School comes in at #18 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 100 attend the school each year. The economics program at Pardee RAND Graduate School awarded 16 doctor's degrees during the 2018-2019 school year. About 50% of this group were women, and 19% were students from an underrepresented racial-ethnic group.

#18

American University

Washington, District of Columbia
16 Yearly Graduations
38% Women
6% Racial-Ethnic Minorities*

The 18th most popular school in the country for economics majors who are seeking their doctor's degree is American University. Each year, around 14,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $49,070 per year, while in-state graduate students, on average, pay $30,351 per year.

For the 2018-2019 academic year, 16 doctor's degrees were handed out to economics majors at The American University. About 38% of this group were women, and 6% were students from an underrepresented racial-ethnic group.

#18

Cornell University

Ithaca, New York
16 Yearly Graduations
38% Women
12% Racial-Ethnic Minorities*

Cornell University comes in at #18 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 24,000 attend the school each year. The average in-state tuition for full-time undergraduates is $56,550 per year, while in-state graduate students, on average, pay $29,500 per year.

The economics program at Cornell University awarded 16 doctor's degrees during the 2018-2019 school year. About 38% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

Economics Concentrations

Major Annual Degrees Awarded
General Economics 594
Quantitative Economics 579
Applied Economics 27
Development Economics 17
Other Economics 8

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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