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Economics in Minnesota

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Economics Schools in Minnesota

In 2018-2019, 997 students earned their Economics degrees in MN.

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 898
Master’s Degree 65
Doctor’s Degree (Research / Scholarship) 34
Doctor’s Degree (Professional Practice) 34
Doctor’s Degree (Other) 34

Gender Distribution

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

Economics Majors in MN Gender Diversity Statistics

Racial Distribution

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

  • Asian: 5.3%
  • Black or African American: 2.7%
  • Hispanic or Latino: 3.6%
  • White: 53.9%
  • Non-Resident Alien: 30.7%
  • Other Races: 3.8%
Economics Majors in MN Ethnic Diversity Statistics

Jobs for Economics Grads in Minnesota

In this state, there are 24,750 people employed in jobs related to an economics degree, compared to 1,144,130 nationwide.

Economics Jobs Nationwide vs. MN

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.

jobs nationwide vs. state.

There are 22 colleges in Minnesota that offer economics degrees. Learn about the most popular 11 below:

457 Degrees in Major Awarded
77% Graduation Rate
51,327 Total Students

Students who attend this public school pay an average net price of $17,479. It takes the average student 4.26 years to graduate. The student to faculty ratio is 17 to 1.

#2

St Olaf College

Northfield
92 Degrees in Major Awarded
87% Graduation Rate
3,072 Total Students

Of all the students who attend this school, 97% get financial aid. The student to faculty ratio is 12 to 1. In their early career, St. Olaf grads earn an average salary of $37,700.

#3

Macalester College

Saint Paul
69 Degrees in Major Awarded
90% Graduation Rate
2,098 Total Students

This private institution charges an average net price of $25,783. The student loan default rate is 0.80% which is lower than average. Roughly six years after entering college, graduates of this school earn $32,200 a year.

55 Degrees in Major Awarded
76% Graduation Rate
9,824 Total Students

98% of students get financical aid. In their early career, UST MN grads earn an average salary of $45,400. This private school has an average net price of $28,904.

42 Degrees in Major Awarded
60% Graduation Rate
10,858 Total Students

The 3.00% student loan default rate is lower than average. It takes the average student 4.46 years to graduate. Of all the students who attend this school, 90% get financial aid.

#6

Saint Johns University

Collegeville
41 Degrees in Major Awarded
77% Graduation Rate
1,727 Total Students

The 1.30% student loan default rate is lower than average. The student to faculty ratio is 12 to 1. Most students complete their degree in 4.12 years.

39 Degrees in Major Awarded
82% Graduation Rate
2,237 Total Students

It takes the average student 4.06 years to graduate. This private school has an average net price of $21,853. The student loan default rate of 1.40% is a good sign that graduates can afford their loan payments.

28 Degrees in Major Awarded
61% Graduation Rate
5,548 Total Students

This school boasts a lower than average student loan default rate of 3.60%. It takes the average student 4.20 years to graduate. 23% of the teachers are full time.

#9

Carleton College

Northfield
24 Degrees in Major Awarded
95% Graduation Rate
2,115 Total Students

This school boasts a lower than average student loan default rate of 1.00%. The full-time teacher rate is 86%. Of all the students who attend this school, 80% get financial aid.

20 Degrees in Major Awarded
48% Graduation Rate
14,325 Total Students

The student to faculty ratio is 23 to 1. The average student takes 5.47 years to complete their degree at Minnesota State Mankato. Graduates earn an average $37,200 after graduation.

#10

St Catherine University

Saint Paul
20 Degrees in Major Awarded
64% Graduation Rate
4,401 Total Students

The average student takes 4.33 years to complete their degree at St. Kate's. Of all the students who attend this school, 100% get financial aid. The full-time teacher rate is 52%.

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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