Economics Schools in Michigan
1,496 students earned Economics degrees in Michigan in the 2020-2021 year.
In terms of popularity, Economics is the 5th most popular major in the state out of a total 29 majors commonly available.
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Education Levels of Economics Majors in Michigan
Economics majors in the state tend to have the following degree levels:
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 1,262 |
| Master’s Degree | 186 |
| Doctor’s Degree (Research / Scholarship) | 42 |
| Doctor’s Degree (Professional Practice) | 42 |
| Doctor’s Degree (Other) | 42 |
| Post-Master’s Certificate | 3 |
| Postbaccalaureate Certificate | 3 |
| Associate Degree | 3 |
Gender Distribution
In Michigan, a economics major is more popular with men than with women.
Racial Distribution
The racial distribution of economics majors in Michigan is as follows:
- Asian: 8.4%
- Black or African American: 3.1%
- Hispanic or Latino: 3.3%
- White: 50.5%
- Non-Resident Alien: 26.3%
- Other Races: 8.4%
Jobs for Economics Grads in Michigan
There are 26,140 people in the state and 1,144,130 people in the nation working in economics jobs.
Wages for Economics Jobs in Michigan
A typical salary for a economics grad in the state is $90,040, compared to a typical salary of $115,590 nationwide.
Most Popular Economics Programs in MI
There are 10 colleges in Michigan that offer economics degrees. Learn about the most popular 10 below:
The student loan default rate of 1.30% is a good sign that graduates can afford their loan payments. 11 to 1 is the student to faculty ratio. Most students complete their degree in 4.16 years.
The student loan default rate of 2.60% is a good sign that graduates can afford their loan payments. 16 to 1 is the student to faculty ratio. 88% of the teachers are full time.
The student to faculty ratio is 15 to 1. 98% of students are awarded financial aid at this school. It takes the average student 4.73 years to graduate.
98% of students are awarded financial aid at this school. 9 to 1 is the student to faculty ratio. The full-time teacher rate is 100%.
Seeking financial aid? At this school, 100% of students receive it. 75% of the teachers are full time. It takes the average student 4.15 years to graduate.
It takes the average student 4.74 years to graduate. In their early career, Eastern Michigan grads earn an average salary of $39,128. 95% of students get financical aid.
The 5.60% student loan default rate is lower than average. Most students complete their degree in 4.64 years. 69% of the teachers are full time.
It takes the average student 4.28 years to graduate. In their early career, Detroit Mercy grads earn an average salary of $56,293. The full-time teacher rate is 100%.
Roughly six years after entering college, graduates of this school earn $43,573 a year. 99% of the teachers are full time. Seeking financial aid? At this school, 100% of students receive it.
A typical student attending UM Dearborn will pay a net price of $12,855. 16 to 1 is the student to faculty ratio. Of all the students who attend this school, 92% get financial aid.
Economics Careers in MI
Some of the careers economics majors go into include:
| Job Title | MI Job Growth | MI Median Salary |
|---|---|---|
| Market Research Analysts and Marketing Specialists | 24% | $61,280 |
| Economics Professors | 9% | $103,650 |
| Economists | 8% | $80,990 |
| Managers | 7% | $95,390 |
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View Nationwide Economics Report
References
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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