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Economics in Illinois

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Economics Schools in Illinois

In 2020-2021, 2,155 students earned their Economics degrees in IL.

In this state, Economics is the 4th most popular major out of a total 28 majors commonly available.

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 1,771
Master’s Degree 259
Doctor’s Degree (Research / Scholarship) 101
Doctor’s Degree (Professional Practice) 101
Doctor’s Degree (Other) 101
Postbaccalaureate Certificate 24
Post-Master’s Certificate 24

Gender Distribution

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

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Racial Distribution

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

  • Asian: 16.0%
  • Black or African American: 2.7%
  • Hispanic or Latino: 9.4%
  • White: 34.7%
  • Non-Resident Alien: 32.2%
  • Other Races: 5.0%
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Jobs for Economics Grads in Illinois

There are 32,640 people in the state and 1,144,130 people in the nation working in economics jobs.

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Wages for Economics Jobs in Illinois

In this state, economics grads earn an average of $90,080. Nationwide, they make an average of $115,590.

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

602 Degrees in Major Awarded
94% Graduation Rate
17,834 Total Students

The 1.00% student loan default rate is lower than average. This private institution charges an average net price of $28,517. Students enjoy a student to faculty ratio of 5 to 1.

563 Degrees in Major Awarded
84% Graduation Rate
52,679 Total Students

70% of students get financical aid. It takes the average student 4.21 years to graduate. The 2.30% student loan default rate is lower than average.

402 Degrees in Major Awarded
95% Graduation Rate
22,603 Total Students

66% of students get financical aid. Students enjoy a student to faculty ratio of 6 to 1. Graduates earn an average $67,867 after graduation.

129 Degrees in Major Awarded
59% Graduation Rate
33,518 Total Students

Seeking financial aid? At this school, 85% of students receive it. Students enjoy a student to faculty ratio of 18 to 1. In their early career, UIC grads earn an average salary of $49,099.

45 Degrees in Major Awarded
69% Graduation Rate
20,720 Total Students

19 to 1 is the student to faculty ratio. 94% of students are awarded financial aid at this school. It takes the average student 4.32 years to graduate.

#5

DePaul University

Chicago
45 Degrees in Major Awarded
72% Graduation Rate
21,922 Total Students

Most students complete their degree in 4.21 years. The student to faculty ratio is 17 to 1. 49% of the teachers are full time.

35 Degrees in Major Awarded
87% Graduation Rate
2,908 Total Students

Most students complete their degree in 4.08 years. This private institution charges an average net price of $25,692. Roughly six years after entering college, graduates of this school earn $46,794 a year.

#8

Lake Forest College

Lake Forest
32 Degrees in Major Awarded
69% Graduation Rate
1,583 Total Students

This school boasts a lower than average student loan default rate of 1.30%. Of all the teachers who work at the school, 59% are considered full time. Of all the students who attend this school, 99% get financial aid.

27 Degrees in Major Awarded
46% Graduation Rate
16,769 Total Students

Grads earn an average early-career salary of $43,408 after earning their degree at this institution. This public school has an average net price of $13,956. Of all the students who attend this school, 99% get financial aid.

24 Degrees in Major Awarded
41% Graduation Rate
11,366 Total Students

Roughly six years after entering college, graduates of this school earn $39,852 a year. Students who attend this public school pay an average net price of $16,285. Of all the students who attend this school, 97% get financial aid.

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

References

More about our data sources and methodologies.

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