Master’s Degrees in Economics
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Education Levels of Economics Majors
During the 2019-2020 academic year, 4,493 students earned their master's degree in economics. This earns it the #7 spot on the list of the most popular master'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 Master’s Degrees
The median salary for graduates holding a master's degree in economics is $59,200. 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. A better approximation of salary is to look at the typical range of salaries. In this case the low is $50,875 and the high is $65,075.
Student Debt
The median student debt for graduates holding a master's degree in economics is $42,269. The length of time it takes you to graduate and what college you attend can affect this number quite a bit. The chart below shows the range of accumulated debt loads. On the high side of the range, $57,499 is the debt load, and the debt load on the low side is $34,261.
The median monthly payment of a economics graduate with a 10-year repayment plan is $493.
Student Diversity
More men than women pursue master's degrees in economics. About 58.8% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 2,644 |
| Women | 1,849 |
The racial-ethnic distribution of economics master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 227 |
| Black or African American | 118 |
| Hispanic or Latino | 207 |
| White | 1,264 |
| International Students | 2,504 |
| Other Races/Ethnicities | 173 |
Most Popular Economics Programs for Master’s Degrees
There are 229 colleges that offer a master’s degree in economics. Learn more about the most popular 20 below:
Economics Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| Quantitative Economics | 2,779 |
| General Economics | 1,132 |
| Development Economics | 239 |
| Applied Economics | 236 |
| Other Economics | 68 |
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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.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By pixabay under License
More about our data sources and methodologies.
Featured Schools
You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs.
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