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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