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Best Economics Master's Degree Schools in the Great Lakes Region

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2023 Best Economics Master's Degree Schools in the Great Lakes Region

34 Colleges

Finding the Best Economics Master's Degree School for You

When it comes to higher education, there are a lot of options for business students. With more and more schools offering online options, you could even register for a great program on the other side of the country. On top of that, there are a considerable number of trade schools that offer fast-track entry to many fields.

Along with in-depth profiles of schools and the programs they offer, Business Degree Central has created the Best Economics Master's Degree Schools in the Great Lakes Region to help you in your search for the best school for you. Our analysis looked at 34 schools in the Great Lakes Region to see which master's degree programs offered the best educational experiences for business students. To come up with a school's ranking, we analyzed numerous factors related to post-graduation wages, the quality of education offered by the school, average accumulated student debt, and more.

View our full ranking methodology.

2023 Best Economics Master’s Degree Schools in the Great Lakes Region

Check out the economics master's degree programs at these schools if you want to get the best education that money can buy.

Top 10 Best Economics Master's Degree Schools

#1

Northwestern University

Evanston, IL

Our 2023 rankings named Northwestern University the best school in the Great Lakes Region for economics students working on their master’s degree. Located in the small city of Evanston, Northwestern is a private not-for-profit school with a fairly large student population.

Full Economics at Northwestern University Report

#2

University of Notre Dame

Notre Dame, IN

A rank of #2 on this year’s list means University of Notre Dame is a great place for economics students working on their master’s degree. Located in the suburb of Notre Dame, Notre Dame is a private not-for-profit college with a fairly large student population.

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You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #3 on our 2023 Best Economics Master’s Degree Schools in the Great Lakes Region list. Located in the city of Ann Arbor, U-M is a public college with a fairly large student population.

Read full report on Economics at University of Michigan - Ann Arbor

#4

University of Chicago

Chicago, IL

Out of the 34 schools in the Great Lakes Region that were part of this year’s ranking, University of Chicago landed the # 4 spot on the list. UChicago is a fairly large private not-for-profit school located in the city of Chicago.

Read full report on Economics at University of Chicago

You’ll be in good company if you decide to attend University of Wisconsin - Madison. It ranked #5 on our 2023 Best Economics Master’s Degree Schools in the Great Lakes Region list. Located in the large city of Madison, UW - Madison is a public school with a fairly large student population.

After completing their Master's Degree, economics graduates from UW - Madison carry an average student debtload of $32,005.

Read full report on Economics at University of Wisconsin - Madison

#6

Marquette University

Milwaukee, WI

Marquette University landed the #6 spot in the 2023 rankings for the best master’s degree economics programs. Marquette is a fairly large private not-for-profit school located in the large city of Milwaukee.

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University of Illinois at Urbana-Champaign landed the #7 spot in the 2023 rankings for the best master’s degree economics programs. Located in the city of Champaign, UIUC is a public school with a fairly large student population.

Read full report on Economics at University of Illinois at Urbana-Champaign

#8

Purdue University - Main Campus

West Lafayette, IN

Purdue University - Main Campus ranked #8 on this year’s Best Economics Master’s Degree Schools in the Great Lakes Region list. Located in the small city of West Lafayette, Purdue is a public school with a very large student population.

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#9

Michigan State University

East Lansing, MI

Michigan State University did quite well in this year’s ranking of the best places for economics students to get a master’s degree. It came in at #9 on the list. Michigan State is a very large public school located in the city of East Lansing.

Full Economics at Michigan State University Report

University of Wisconsin - Milwaukee landed the #10 spot in the 2023 rankings for the best master’s degree economics programs. Located in the city of Milwaukee, UWM is a public college with a fairly large student population.

Full Economics at University of Wisconsin - Milwaukee Report

Best Economics Colleges by State

Explore the best economics schools for a specific state in the Great Lakes region.

State Degrees Awarded
Michigan 1,493
Ohio 1,134
Illinois 2,131
Indiana 880
Wisconsin 1,225

Economics Concentrations

Major Annual Graduates
General Economics 25,066
Econometrics & Quantitative Economics 21,078
Applied Economics 550
Development Economics & International Development 535
International Economics 305
Other Economics 275

Notes and References

*These averages are for the top 25 schools only.

  • Read more about our ranking methodology.
  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Credit for the banner image above goes to pixabay.

More about our data sources and methodologies.

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