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Doctor's Degree in Economics

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Doctor’s Degrees in Economics

1,248 Yearly Graduations
$99,068 Median Salary
33% Women
There are 136 colleges and univerities across the nation that offer a doctor's degree in economics. This degree is more popular with male students, and about 9% of recent graduates were from an underrepresented racial-ethnic group. Also, 64.7% of economics graduates were international students.

Education Levels of Economics Majors

During the 2020-2021 academic year, 1,248 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 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 Doctor’s Degrees

The median salary for graduates holding a doctor's degree in economics is $99,068. This number may vary for a lot of reasons. For instance, you may decide to move to a location where people with your degree are rare and make more money. To get a better picture, earnings for this category of people can range from a low of $99,068 to a high of $99,068.

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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 67.1% of graduates in this field are male.

Gender Number of Grads
Men 838
Women 410
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The racial-ethnic distribution of economics doctor’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 63
Black or African American 13
Hispanic or Latino 31
White 285
International Students 807
Other Races/Ethnicities 49
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There are 136 colleges that offer a doctor’s degree in economics. Learn more about the most popular 20 below:

#1

University of Chicago

Chicago, Illinois
43 Yearly Graduations
19% Women
12% Racial-Ethnic Minorities*

The most popular school in the United States for economics students seekinga doctor's degree is University of Chicago. Each year, around 17,800 students seeking various degrees attend the university. 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. The economics program at University of Chicago awarded 43 doctor's degrees during the 2020-2021 school year. About 19% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

#1

Harvard University

Cambridge, Massachusetts
43 Yearly Graduations
44% Women
23% Racial-Ethnic Minorities*

The most popular school in the United States for economics students seekinga doctor's degree is Harvard University. Each year, around 30,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $51,143 per year, while in-state graduate students, on average, pay $50,928 per year. The economics program at Harvard University awarded 43 doctor's degrees during the 2020-2021 school year. Of these students, 44% were women and 23% were members of underrepresented racial-ethnic groups.

#3

University of Minnesota - Twin Cities

Minneapolis, Minnesota
39 Yearly Graduations
21% Women
13% Racial-Ethnic Minorities*

The 3rd most popular school in the country for economics majors who are seeking their doctor's degree is University of Minnesota - Twin Cities. Roughly 52,000 attend the school each year. The average in-state tuition for full-time undergraduates is $13,532 per year, while in-state graduate students, on average, pay $17,844 per year. During the 2020-2021 academic year, 39 people received their doctor's degree in economics from UMN Twin Cities. About 21% of this group were women, and 13% were students from an underrepresented racial-ethnic group.

#4

University of California - Berkeley

Berkeley, California
38 Yearly Graduations
37% Women
13% Racial-Ethnic Minorities*

The 4th most popular school in the country for economics majors who are seeking their doctor's degree is University of California - Berkeley. Each year, around 42,300 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. The economics program at University of California - Berkeley awarded 38 doctor's degrees during the 2020-2021 school year. About 37% of this group were women, and 13% were students from an underrepresented racial-ethnic group.

#5

University of Wisconsin - Madison

Madison, Wisconsin
31 Yearly Graduations
39% Women
3% Racial-Ethnic Minorities*

The 5th most popular school in the country for economics majors who are seeking their doctor's degree is University of Wisconsin - Madison. Each year, around 44,600 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. During the 2020-2021 academic year, 31 people received their doctor's degree in economics from UW - Madison. Of these students, 39% were women and 3% were members of underrepresented racial-ethnic groups.

#6

University of Pennsylvania

Philadelphia, Pennsylvania
27 Yearly Graduations
19% Women

University of Pennsylvania is the 6th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 26,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,652 per year, while in-state graduate students, on average, pay $38,732 per year. For the 2020-2021 academic year, 27 doctor's degrees were handed out to economics majors at UPenn.

26 Yearly Graduations
46% Women
4% Racial-Ethnic Minorities*

The 7th 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 30,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,450 per year, while in-state graduate students, on average, pay $50,496 per year. During the 2020-2021 academic year, 26 people received their doctor's degree in economics from Columbia. Around 4% of these students were from an underrepresented racial-ethnic group, and 46% were women.

#8

University of California - Davis

Davis, California
25 Yearly Graduations
28% Women

University of California - Davis comes in at #8 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 39,000 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 - Davis awarded 25 doctor's degrees during the 2020-2021 school year.

#8

Stanford University

Stanford, California
25 Yearly Graduations
20% Women
12% Racial-Ethnic Minorities*

Stanford University comes in at #8 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 15,900 attend the school each year. The average in-state tuition for full-time undergraduates is $55,473 per year, while in-state graduate students, on average, pay $54,315 per year. During the 2020-2021 academic year, 25 people received their doctor's degree in economics from Stanford. About 20% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

#10

New York University

New York, New York
24 Yearly Graduations
29% Women
4% Racial-Ethnic Minorities*

New York University is the 10th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 52,700 attend the school each year. 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. The economics program at New York University awarded 24 doctor's degrees during the 2020-2021 school year. Of these students, 29% were women and 4% were members of underrepresented racial-ethnic groups.

#11

University of Maryland - College Park

College Park, Maryland
23 Yearly Graduations
35% Women
13% Racial-Ethnic Minorities*

The 11th most popular school in the country for economics majors who are seeking their doctor's degree is University of Maryland - College Park. Roughly 40,700 attend the school each year. 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. During the 2020-2021 academic year, 23 people received their doctor's degree in economics from UMCP. Around 13% of these students were from an underrepresented racial-ethnic group, and 35% were women.

22 Yearly Graduations
41% Women
9% Racial-Ethnic Minorities*

University of Illinois at Urbana-Champaign is the 12th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 52,600 attend the school each year. 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. During the 2020-2021 academic year, 22 people received their doctor's degree in economics from UIUC. Of these students, 41% were women and 9% were members of underrepresented racial-ethnic groups.

#12

Boston University

Boston, Massachusetts
22 Yearly Graduations
41% Women
9% Racial-Ethnic Minorities*

The 12th most popular school in the country for economics majors who are seeking their doctor's degree is Boston University. Each year, around 32,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,560 per year, while in-state graduate students, on average, pay $58,560 per year. For the 2020-2021 academic year, 22 doctor's degrees were handed out to economics majors at Boston U. Of these students, 41% were women and 9% were members of underrepresented racial-ethnic groups.

#12

Massachusetts Institute of Technology

Cambridge, Massachusetts
22 Yearly Graduations
27% Women
14% Racial-Ethnic Minorities*

The 12th most popular school in the country for economics majors who are seeking their doctor's degree is Massachusetts Institute of Technology. Each year, around 11,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $55,510 per year, while in-state graduate students, on average, pay $55,510 per year. For the 2020-2021 academic year, 22 doctor's degrees were handed out to economics majors at MIT. Of these students, 27% were women and 14% were members of underrepresented racial-ethnic groups.

#15

Yale University

New Haven, Connecticut
20 Yearly Graduations
15% Women
5% Racial-Ethnic Minorities*

The 15th most popular school in the country for economics majors who are seeking their doctor's degree is Yale University. Roughly 12,000 attend the school each year. The average in-state tuition for full-time undergraduates is $59,950 per year, while in-state graduate students, on average, pay $45,700 per year. For the 2020-2021 academic year, 20 doctor's degrees were handed out to economics majors at Yale. Around 5% of these students were from an underrepresented racial-ethnic group, and 15% were women.

#15

Princeton University

Princeton, New Jersey
20 Yearly Graduations
25% Women
20% Racial-Ethnic Minorities*

Princeton University comes in at #15 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 7,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $56,010 per year, while in-state graduate students, on average, pay $56,010 per year. During the 2020-2021 academic year, 20 people received their doctor's degree in economics from Princeton. Around 20% of these students were from an underrepresented racial-ethnic group, and 25% were women.

#17

Northwestern University

Evanston, Illinois
19 Yearly Graduations
21% Women
16% Racial-Ethnic Minorities*

The 17th most popular school in the country for economics majors who are seeking their doctor's degree is Northwestern University. Each year, around 22,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $60,276 per year, while in-state graduate students, on average, pay $56,067 per year. For the 2020-2021 academic year, 19 doctor's degrees were handed out to economics majors at Northwestern. Around 16% of these students were from an underrepresented racial-ethnic group, and 21% were women.

#17

Michigan State University

East Lansing, Michigan
19 Yearly Graduations
47% Women

Michigan State University comes in at #17 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 49,600 attend the school each year. The average in-state tuition for full-time undergraduates is $15,966 per year, while in-state graduate students, on average, pay $19,714 per year. The economics program at Michigan State University awarded 19 doctor's degrees during the 2020-2021 school year.

#17

Cornell University

Ithaca, New York
19 Yearly Graduations
63% Women
16% Racial-Ethnic Minorities*

Cornell University comes in at #17 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 23,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $60,286 per year, while in-state graduate students, on average, pay $29,500 per year. The economics program at Cornell University awarded 19 doctor's degrees during the 2020-2021 school year. Around 16% of these students were from an underrepresented racial-ethnic group, and 63% were women.

#20

Claremont Graduate University

Claremont, California
18 Yearly Graduations
17% Women
6% Racial-Ethnic Minorities*

The 20th most popular school in the country for economics majors who are seeking their doctor's degree is Claremont Graduate University. Roughly 1,900 attend the school each year. For the 2020-2021 academic year, 18 doctor's degrees were handed out to economics majors at Claremont Graduate University. About 17% of this group were women, and 6% were students from an underrepresented racial-ethnic group.

Economics Concentrations

Major Annual Degrees Awarded
Quantitative Economics 900
General Economics 307
Applied Economics 19
Development Economics 12
Other Economics 10

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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