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Economics in Michigan

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Economics Schools in Michigan

1,360 students earned Economics degrees in Michigan in the 2018-2019 year.

In terms of popularity, Economics is the 6th most popular major in the state out of a total 29 majors commonly available.

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 1,154
Master’s Degree 156
Doctor’s Degree (Research / Scholarship) 41
Doctor’s Degree (Professional Practice) 41
Doctor’s Degree (Other) 41
Associate’s Degree 7
Post-Master’s Certificate 2
Postbaccalaureate Certificate 2

Gender Distribution

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

Economics Majors in MI Gender Diversity Statistics

Racial Distribution

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

  • Asian: 6.4%
  • Black or African American: 2.9%
  • Hispanic or Latino: 3.6%
  • White: 52.3%
  • Non-Resident Alien: 26.4%
  • Other Races: 8.4%
Economics Majors in MI Ethnic Diversity Statistics

Jobs for Economics Grads in Michigan

26,140 people in the state and 1,144,130 in the nation are employed in jobs related to economics.

Economics Jobs Nationwide vs. MI

Wages for Economics Jobs in Michigan

Economics grads earn an average of $90,040 in the state and $115,590 nationwide.

jobs nationwide vs. state.

There are 24 colleges in Michigan that offer economics degrees. Learn about the most popular 10 below:

557 Degrees in Major Awarded
90% Graduation Rate
48,090 Total Students

The student to faculty ratio is 11 to 1. Seeking financial aid? At this school, 63% of students receive it. The student loan default rate of 1.10% is a good sign that graduates can afford their loan payments.

365 Degrees in Major Awarded
77% Graduation Rate
49,809 Total Students

Graduates earn an average $41,600 after graduation. Of all the students who attend this school, 66% get financial aid. It takes the average student 4.39 years to graduate.

51 Degrees in Major Awarded
35% Graduation Rate
26,824 Total Students

94% of students get financical aid. A typical student attending Wayne State will pay a net price of $14,226. It takes the average student 4.93 years to graduate.

47 Degrees in Major Awarded
63% Graduation Rate
5,080 Total Students

It takes the average student 4.38 years to graduate. Grads earn an average early-career salary of $45,100 after earning their degree at this institution. 100% of students get financical aid.

#5

Hillsdale College

Hillsdale
44 Degrees in Major Awarded
77% Graduation Rate
1,526 Total Students

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 99%.

#6

Central Michigan University

Mount Pleasant
40 Degrees in Major Awarded
59% Graduation Rate
19,362 Total Students

The student loan default rate is 4.90% which is lower than average. The average student takes 4.75 years to complete their degree at Central Michigan. The full-time teacher rate is 72%.

#7

Albion College

Albion
38 Degrees in Major Awarded
65% Graduation Rate
1,475 Total Students

Roughly six years after entering college, graduates of this school earn $34,900 a year. It takes the average student 4.15 years to graduate. 100% of students get financical aid.

34 Degrees in Major Awarded
40% Graduation Rate
17,784 Total Students

The 9.10% student loan default rate is lower than average. 17 to 1 is the student to faculty ratio. The average student takes 4.89 years to complete their degree at Eastern Michigan.

#9

Calvin University

Grand Rapids
25 Degrees in Major Awarded
74% Graduation Rate
3,570 Total Students

100% of the teachers are full time. This private school has an average net price of $25,017. It takes the average student 4.22 years to graduate.

22 Degrees in Major Awarded
54% Graduation Rate
21,470 Total Students

17 to 1 is the student to faculty ratio. 89% of students get financical aid. The student loan default rate of 7.00% is a good sign that graduates can afford their loan payments.

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

View Nationwide Economics Report

References

More about our data sources and methodologies.

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