Economics at Northwestern University
Northwestern is located in Evanston, Illinois and has a total student population of 22,603. Of the 2,722 students who graduated with a bachelor’s degree from Northwestern University in 2021, 351 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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Northwestern Economics Degrees Available
- Bachelor’s Degree in Economics
- Master’s Degree in Economics
- Doctorate Degree in Economics
Northwestern Economics Rankings
The economics major at Northwestern 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.
In 2021, 32 students received their master’s degree in economics from Northwestern. This makes it the #36 most popular school for economics master’s degree candidates in the country.
There were 19 students who received their doctoral degrees in economics, making the school the #17 most popular school in the United States for this category of students.
How Much Do Economics Graduates from Northwestern Make?
The median salary of economics students who receive their bachelor's degree at Northwestern is $71,488. This is great news for graduates of the program, since this figure is 56% higher than the national average of $45,868 for all economics bachelor's degree recipients.
Economics Student Demographics at Northwestern
Take a look at the following statistics related to the make-up of the economics majors at Northwestern University.
Northwestern Economics Bachelor’s Program
Prospective students may be interested in knowing that this school graduates 4% 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 Northwestern University with a bachelor's in economics.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 69 |
| Black or African American | 7 |
| Hispanic or Latino | 35 |
| White | 141 |
| International Students | 73 |
| Other Races/Ethnicities | 26 |
Northwestern Economics Master’s Program
The following table and chart show the race/ethnicity for students who recently graduated from Northwestern University 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 | 30 |
| Other Races/Ethnicities | 0 |
Northwestern also has a doctoral program available in economics. In 2021, 19 students graduated with a doctor's degree in this field.
Related Majors
- General Social Sciences
- Geography & Cartography
- Anthropology
- International Relations & National Security
- Sociology
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 IL, the home state for Northwestern University.
| Occupation | Jobs in IL | Average Salary in IL |
|---|---|---|
| Market Research Analysts and Marketing Specialists | 30,150 | $61,670 |
| Survey Researchers | 1,590 | $57,560 |
| Economics Professors | 520 | $128,340 |
| Economists | 380 | $108,690 |
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 Madcoverboy at en.wikipedia under License
More about our data sources and methodologies.
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