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Economics in Illinois

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Economics Schools in Illinois

In 2018-2019, 2,059 students earned their Economics degrees in IL.

An Economics major is the 4th most popular major in this state.

Education Levels of Economics Majors in Illinois

Economics majors in the state tend to have the following degree levels:

Education Level Number of Grads
Bachelor’s Degree 1,749
Master’s Degree 215
Doctor’s Degree (Research / Scholarship) 94
Doctor’s Degree (Professional Practice) 94
Doctor’s Degree (Other) 94
Postbaccalaureate Certificate 1
Post-Master’s Certificate 1

Gender Distribution

In Illinois, a economics major is more popular with men than with women.

Economics Majors in IL Gender Diversity Statistics

Racial Distribution

The racial distribution of economics majors in Illinois is as follows:

  • Asian: 17.1%
  • Black or African American: 3.7%
  • Hispanic or Latino: 7.6%
  • White: 39.1%
  • Non-Resident Alien: 28.0%
  • Other Races: 4.5%
Economics Majors in IL Ethnic Diversity Statistics

Jobs for Economics Grads in Illinois

32,640 people in the state and 1,144,130 in the nation are employed in jobs related to economics.

Economics Jobs Nationwide vs. IL

Wages for Economics Jobs in Illinois

Economics grads earn an average of $90,080 in the state and $115,590 nationwide.

jobs nationwide vs. state.

There are 34 colleges in Illinois that offer economics degrees. Learn about the most popular 10 below:

552 Degrees in Major Awarded
85% Graduation Rate
51,605 Total Students

Seeking financial aid? At this school, 62% of students receive it. This public college charges it's students an average net price of $17,302. The 1.90% student loan default rate is lower than average.

461 Degrees in Major Awarded
92% Graduation Rate
17,452 Total Students

It takes the average student 4.06 years to graduate. Seeking financial aid? At this school, 61% of students receive it. Students who attend this private institution pay an average net price of $26,160.

424 Degrees in Major Awarded
93% Graduation Rate
22,448 Total Students

66% of students get financical aid. Graduates earn an average $58,900 after graduation. The full-time teacher rate is 83%.

131 Degrees in Major Awarded
60% Graduation Rate
32,324 Total Students

Most students complete their degree in 4.55 years. Of all the students who attend this school, 82% get financial aid. Roughly six years after entering college, graduates of this school earn $39,600 a year.

49 Degrees in Major Awarded
50% Graduation Rate
16,609 Total Students

This school boasts a lower than average student loan default rate of 7.80%. The full-time teacher rate is 75%. Most students complete their degree in 4.59 years.

42 Degrees in Major Awarded
89% Graduation Rate
3,004 Total Students

This private institution charges an average net price of $26,180. The student loan default rate of 0.90% is a good sign that graduates can afford their loan payments. The full-time teacher rate is 68%.


North Central College

41 Degrees in Major Awarded
67% Graduation Rate
2,888 Total Students

It takes the average student 4.19 years to graduate. The full-time teacher rate is 46%. Students enjoy a student to faculty ratio of 14 to 1.

41 Degrees in Major Awarded
73% Graduation Rate
20,878 Total Students

Of all the teachers who work at the school, 77% are considered full time. It takes the average student 4.39 years to graduate. 86% of students are awarded financial aid at this school.


Knox College

38 Degrees in Major Awarded
77% Graduation Rate
1,258 Total Students

The student to faculty ratio is 11 to 1. An average student at Knox will pay a net price of $21,359. In their early career, Knox grads earn an average salary of $29,800.

31 Degrees in Major Awarded
45% Graduation Rate
11,695 Total Students

Seeking financial aid? At this school, 93% of students receive it. Grads earn an average early-career salary of $33,200 after earning their degree at this institution. The full-time teacher rate is 83%.

Economics Careers in IL

Some of the careers economics majors go into include:

Job Title IL Job Growth IL Median Salary
Market Research Analysts and Marketing Specialists 22% $57,340
Economists 4% $104,230
Economics Professors 0% $110,310

View Nationwide Economics Report


More about our data sources and methodologies.

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