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Economics in Minnesota

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Economics Schools in Minnesota

847 Economics students earned their degrees in the state in 2020-2021.

In this state, Economics is the 6th most popular major out of a total 24 majors commonly available.

Education Levels of Economics Majors in Minnesota

Economics majors in the state tend to have the following degree levels:

Education Level Number of Grads
Bachelor’s Degree 778
Doctor’s Degree (Research / Scholarship) 39
Doctor’s Degree (Professional Practice) 39
Doctor’s Degree (Other) 39
Master’s Degree 30

Gender Distribution

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

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Racial Distribution

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

  • Asian: 6.1%
  • Black or African American: 3.7%
  • Hispanic or Latino: 4.6%
  • White: 51.4%
  • Non-Resident Alien: 29.0%
  • Other Races: 5.2%
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Jobs for Economics Grads in Minnesota

There are 24,750 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 Minnesota

A typical salary for a economics grad in the state is $81,720, compared to a typical salary of $115,590 nationwide.

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There are 11 colleges in Minnesota that offer economics degrees. Learn about the most popular 11 below:

417 Degrees in Major Awarded
80% Graduation Rate
52,017 Total Students

Most students complete their degree in 4.20 years. The full-time teacher rate is 82%. 80% of students are awarded financial aid at this school.

#2

St Olaf College

Northfield
90 Degrees in Major Awarded
86% Graduation Rate
2,953 Total Students

12 to 1 is the student to faculty ratio. The full-time teacher rate is 71%. This private school has an average net price of $24,052.

#3

Macalester College

Saint Paul
57 Degrees in Major Awarded
90% Graduation Rate
2,049 Total Students

Graduates earn an average $40,959 after graduation. The 0.20% student loan default rate is lower than average. It takes the average student 4.06 years to graduate.

51 Degrees in Major Awarded
77% Graduation Rate
9,792 Total Students

Grads earn an average early-career salary of $56,089 after earning their degree at this institution. The student loan default rate is 1.40% which is lower than average. The average student takes 4.15 years to complete their degree at UST MN.

#5

Carleton College

Northfield
30 Degrees in Major Awarded
93% Graduation Rate
1,940 Total Students

Of all the students who attend this school, 74% get financial aid. An average student at Carleton will pay a net price of $28,928. It takes the average student 4.05 years to graduate.

27 Degrees in Major Awarded
59% Graduation Rate
10,275 Total Students

This public college charges it's students an average net price of $18,505. The 2.60% student loan default rate is lower than average. In their early career, UMN Duluth grads earn an average salary of $46,596.

#6

Saint Johns University

Collegeville
27 Degrees in Major Awarded
76% Graduation Rate
1,668 Total Students

In their early career, SJU grads earn an average salary of $56,662. The average student takes 4.08 years to complete their degree at SJU. The full-time teacher rate is 87%.

19 Degrees in Major Awarded
77% Graduation Rate
2,230 Total Students

99% of students are awarded financial aid at this school. It takes the average student 4.07 years to graduate. The 1.20% student loan default rate is lower than average.

#9

Augsburg University

Minneapolis
17 Degrees in Major Awarded
64% Graduation Rate
3,346 Total Students

Grads earn an average early-career salary of $44,044 after earning their degree at this institution. It takes the average student 4.22 years to graduate. The full-time teacher rate is 47%.

16 Degrees in Major Awarded
43% Graduation Rate
11,841 Total Students

Roughly six years after entering college, graduates of this school earn $43,406 a year. The student loan default rate is 4.60% which is lower than average. Of all the teachers who work at the school, 65% are considered full time.

#10

St Catherine University

Saint Paul
16 Degrees in Major Awarded
59% Graduation Rate
4,277 Total Students

The student loan default rate of 3.10% is a good sign that graduates can afford their loan payments. Graduates earn an average $46,704 after graduation. 100% of students are awarded financial aid at this school.

Economics Careers in MN

Some of the careers economics majors go into include:

Job Title MN Job Growth MN Median Salary
Market Research Analysts and Marketing Specialists 20% $67,670
Managers 7% $118,410
Economists 5% $68,050
Economics Professors 3% $95,020

View Nationwide Economics Report

References

More about our data sources and methodologies.

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