Economics at Massachusetts Institute of Technology
MIT is located in Cambridge, Massachusetts and approximately 11,254 students attend the school each year. Of the 1,249 students who graduated with a bachelor’s degree from Massachusetts Institute of Technology in 2021, 55 of them were economics majors.
Want to know more about the career opportunities in this field? Check out the Careers in Economics section at the bottom of this page.
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MIT Economics Degrees Available
- Bachelor’s Degree in Economics
- Master’s Degree in Economics
- Doctorate Degree in Economics
MIT Economics Rankings
The following rankings from College Factual show how the economics progam at MIT compares to programs at other colleges and universities.
Note: Although rankings can help you see some information about a school, it's not a good idea to depend on them alone. Be sure to check out other things about the school before making your decision to attend.
Bachelor’s Degree Overall Quality & Other Notable Rankings
The economics major at MIT is not ranked on College Factual’s Best Colleges and Universities for Economics. This could be for a number of reasons, such as not having enough data on the major or school to make an accurate assessment of its quality.
| Ranking Type | Rank |
|---|---|
| Most Popular Economics Schools | 124 |
| Most Popular Economics Bachelor’s Degree Schools | 170 |
| Most Focused Economics Bachelor’s Degree Schools | 270 |
In 2021, 22 students received their master’s degree in economics from MIT. This makes it the #57 most popular school for economics master’s degree candidates in the country.
There were 22 students who received their doctoral degrees in economics, making the school the #12 most popular school in the United States for this category of students.
Economics Student Demographics at MIT
Take a look at the following statistics related to the make-up of the economics majors at Massachusetts Institute of Technology.
MIT Economics Bachelor’s Program
Prospective students may be interested in knowing that this school graduates 32% more racial-ethnic minorities in its economics bachelor's program than the national average.*
The following table and chart show the race/ethnicity for students who recently graduated from Massachusetts Institute of Technology with a bachelor's in economics.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 24 |
| Black or African American | 5 |
| Hispanic or Latino | 6 |
| White | 18 |
| International Students | 1 |
| Other Races/Ethnicities | 1 |
MIT Economics Master’s Program
The following table and chart show the race/ethnicity for students who recently graduated from Massachusetts Institute of Technology with a master's in economics.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 1 |
| International Students | 20 |
| Other Races/Ethnicities | 0 |
MIT also has a doctoral program available in economics. In 2021, 22 students graduated with a doctor's degree in this field.
Related Majors
Careers That Economics Grads May Go Into
A degree in economics can lead to the following careers. Since job numbers and average salaries can vary by geographic location, we have only included the numbers for MA, the home state for Massachusetts Institute of Technology.
| Occupation | Jobs in MA | Average Salary in MA |
|---|---|---|
| Market Research Analysts and Marketing Specialists | 20,070 | $74,510 |
| Managers | 8,660 | $131,450 |
| Economists | 1,150 | $117,680 |
| Economics Professors | 870 | $125,120 |
| Survey Researchers | 730 | $64,950 |
References
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By InSapphoWeTrust under License
More about our data sources and methodologies.
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