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Master's Degree in Economics

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Master’s Degrees in Economics

4,686 Yearly Graduations
$63,388 Median Salary
$40,849 Median Debt
There are 237 colleges and univerities across the nation that offer a master's degree in economics. This degree is more popular with male students, and about 16% of recent graduates were from an underrepresented racial-ethnic group. Also, 53.5% of economics graduates were international students.

Education Levels of Economics Majors

During the most recent year for which data is available, 4,686 people earned their master's degree in economics. This makes it the 41st most popular master's degree program in the country.

The following table shows the number of diplomas awarded in economics at each degree level.

Education Level Number of Grads
Bachelor’s Degree 37,777
Master’s Degree 4,686
Associate Degree 3,735
Doctor’s Degree 1,395
Graduate Certificate 165
Basic Certificate 47
Undergraduate Certificate 4

Earnings of Economics Majors With Master’s Degrees

The median salary for graduates holding a master's degree in economics is $63,388. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses. A better approximation of salary is to look at the typical range of salaries. In this case the low is $54,481 and the high is $71,966.

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Student Debt

The median student debt for graduates holding a master's degree in economics is $40,849. The length of time it takes you to graduate and what college you attend can affect this number quite a bit. The chart below shows the range of accumulated debt loads. On the high side of the range, $43,193 is the debt load, and the debt load on the low side is $35,049.

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Student Diversity

More men than women pursue master's degrees in economics. About 58.7% of graduates in this field are male.

Gender Number of Grads
Men 2,749
Women 1,937
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The racial-ethnic distribution of economics master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 259
Black or African American 117
Hispanic or Latino 273
White 1,365
International Students 2,505
Other Races/Ethnicities 167
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There are 237 colleges that offer a master’s degree in economics. Learn more about the most popular 20 below:

#1

Johns Hopkins University

Baltimore, Maryland
292 Yearly Graduations
53% Women
8% Racial-Ethnic Minorities*

The most popular school in the United States for economics students seekinga master's degree is Johns Hopkins University. Each year, around 28,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $60,480 per year, while in-state graduate students, on average, pay $60,480 per year. During the most recent year for which we have data, 292 people received their master's degree in economics from Johns Hopkins. About 53% of this group were women, and 8% were students from an underrepresented racial-ethnic group.

#2

University of Wisconsin - Madison

Madison, Wisconsin
209 Yearly Graduations
46% Women
1% Racial-Ethnic Minorities*

University of Wisconsin - Madison is the 2nd most popular school in the nation for students seeking a master's degree in economics. Roughly 44,600 attend the school each year. The average in-state tuition for full-time undergraduates is $9,273 per year, while in-state graduate students, on average, pay $10,728 per year. During the most recent year for which we have data, 209 people received their master's degree in economics from UW - Madison. Around 1% of these students were from an underrepresented racial-ethnic group, and 46% were women.

#3

Brandeis University

Waltham, Massachusetts
163 Yearly Graduations
48% Women
23% Racial-Ethnic Minorities*

Brandeis University is the 3rd most popular school in the nation for students seeking a master's degree in economics. Roughly 5,400 attend the school each year. The average in-state tuition for full-time undergraduates is $61,724 per year, while in-state graduate students, on average, pay $55,104 per year. During the most recent year for which we have data, 163 people received their master's degree in economics from Brandeis. Around 23% of these students were from an underrepresented racial-ethnic group, and 48% were women.

#4

Boston University

Boston, Massachusetts
149 Yearly Graduations
53% Women
9% Racial-Ethnic Minorities*

Boston University is the 4th most popular school in the nation for students seeking a master's degree in economics. Roughly 32,700 attend the school each year. The average in-state tuition for full-time undergraduates is $61,050 per year, while in-state graduate students, on average, pay $61,050 per year. During the most recent year for which we have data, 149 people received their master's degree in economics from Boston U. About 53% of this group were women, and 9% were students from an underrepresented racial-ethnic group.

131 Yearly Graduations
41% Women
6% Racial-Ethnic Minorities*

Columbia University in the City of New York is the 5th most popular school in the nation for students seeking a master's degree in economics. Roughly 30,100 attend the school each year. The average in-state tuition for full-time undergraduates is $61,989 per year, while in-state graduate students, on average, pay $52,016 per year. During the most recent year for which we have data, 131 people received their master's degree in economics from Columbia. Of these students, 41% were women and 6% were members of underrepresented racial-ethnic groups.

#6

University of Southern California

Los Angeles, California
118 Yearly Graduations
55% Women
7% Racial-Ethnic Minorities*

University of Southern California is the 6th most popular school in the nation for students seeking a master's degree in economics. Each year, around 46,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $63,468 per year, while in-state graduate students, on average, pay $63,468 per year. During the most recent year for which we have data, 118 people received their master's degree in economics from USC. Around 7% of these students were from an underrepresented racial-ethnic group, and 55% were women.

#7

Georgetown University

Washington, District of Columbia
105 Yearly Graduations
53% Women
18% Racial-Ethnic Minorities*

Georgetown University comes in at #7 on our list of the most popular colleges offering master's degrees in economics. Roughly 19,300 attend the school each year. The average in-state tuition for full-time undergraduates is $61,872 per year, while in-state graduate students, on average, pay $56,592 per year. During the most recent year for which we have data, 105 people received their master's degree in economics from Georgetown. Around 18% of these students were from an underrepresented racial-ethnic group, and 53% were women.

#8

Texas A&M University - College Station

College Station, Texas
99 Yearly Graduations
31% Women
19% Racial-Ethnic Minorities*

The 8th most popular school in the country for economics majors who are seeking their master's degree is Texas A&M University - College Station. Each year, around 70,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,815 per year, while in-state graduate students, on average, pay $6,885 per year. During the most recent year for which we have data, 99 people received their master's degree in economics from Texas A&M College Station. Of these students, 31% were women and 19% were members of underrepresented racial-ethnic groups.

98 Yearly Graduations
44% Women
5% Racial-Ethnic Minorities*

University of Illinois at Urbana-Champaign is the 9th most popular school in the nation for students seeking a master's degree in economics. Each year, around 52,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,542 per year, while in-state graduate students, on average, pay $14,891 per year. During the most recent year for which we have data, 98 people received their master's degree in economics from UIUC. Around 5% of these students were from an underrepresented racial-ethnic group, and 44% were women.

#10

University of Michigan - Ann Arbor

Ann Arbor, Michigan
93 Yearly Graduations
60% Women
10% Racial-Ethnic Minorities*

The 10th most popular school in the country for economics majors who are seeking their master's degree is University of Michigan - Ann Arbor. Each year, around 47,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $17,454 per year, while in-state graduate students, on average, pay $25,894 per year. During the most recent year for which we have data, 93 people received their master's degree in economics from U-M. Of these students, 60% were women and 10% were members of underrepresented racial-ethnic groups.

#11

New York University

New York, New York
87 Yearly Graduations
47% Women

New York University comes in at #11 on our list of the most popular colleges offering master's degrees in economics. Each year, around 52,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $55,384 per year, while in-state graduate students, on average, pay $37,332 per year. During the most recent year for which we have data, 87 people received their master's degree in economics from NYU.

#12

Duke University

Durham, North Carolina
78 Yearly Graduations
44% Women
8% Racial-Ethnic Minorities*

The 12th most popular school in the country for economics majors who are seeking their master's degree is Duke University. Roughly 16,100 attend the school each year. The average in-state tuition for full-time undergraduates is $60,435 per year, while in-state graduate students, on average, pay $60,220 per year. During the most recent year for which we have data, 78 people received their master's degree in economics from Duke. Of these students, 44% were women and 8% were members of underrepresented racial-ethnic groups.

#13

University of California - Los Angeles

Los Angeles, California
72 Yearly Graduations
56% Women
12% Racial-Ethnic Minorities*

University of California - Los Angeles is the 13th most popular school in the nation for students seeking a master's degree in economics. Roughly 44,500 attend the school each year. The average in-state tuition for full-time undergraduates is $11,564 per year, while in-state graduate students, on average, pay $11,700 per year. During the most recent year for which we have data, 72 people received their master's degree in economics from UCLA. About 56% of this group were women, and 12% were students from an underrepresented racial-ethnic group.

#14

Harvard University

Cambridge, Massachusetts
70 Yearly Graduations
52% Women
6% Racial-Ethnic Minorities*

Harvard University is the 14th most popular school in the nation for students seeking a master's degree in economics. Roughly 30,300 attend the school each year. The average in-state tuition for full-time undergraduates is $52,659 per year, while in-state graduate students, on average, pay $52,456 per year. During the most recent year for which we have data, 70 people received their master's degree in economics from Harvard. About 52% of this group were women, and 6% were students from an underrepresented racial-ethnic group.

#15

George Washington University

Washington, District of Columbia
69 Yearly Graduations
35% Women
15% Racial-Ethnic Minorities*

The 15th most popular school in the country for economics majors who are seeking their master's degree is George Washington University. Roughly 27,000 attend the school each year. The average in-state tuition for full-time undergraduates is $60,856 per year, while in-state graduate students, on average, pay $33,930 per year. During the most recent year for which we have data, 69 people received their master's degree in economics from GWU. About 35% of this group were women, and 15% were students from an underrepresented racial-ethnic group.

#16

George Mason University

Fairfax, Virginia
68 Yearly Graduations
14% Women
18% Racial-Ethnic Minorities*

George Mason University is the 16th most popular school in the nation for students seeking a master's degree in economics. Each year, around 38,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,795 per year, while in-state graduate students, on average, pay $13,426 per year. During the most recent year for which we have data, 68 people received their master's degree in economics from GMU. Around 18% of these students were from an underrepresented racial-ethnic group, and 14% were women.

#16

University of Chicago

Chicago, Illinois
68 Yearly Graduations
34% Women
5% Racial-Ethnic Minorities*

The 16th most popular school in the country for economics majors who are seeking their master's degree is University of Chicago. Roughly 17,800 attend the school each year. The average in-state tuition for full-time undergraduates is $61,179 per year, while in-state graduate students, on average, pay $65,145 per year. During the most recent year for which we have data, 68 people received their master's degree in economics from UChicago. Around 5% of these students were from an underrepresented racial-ethnic group, and 34% were women.

#18

Boston College

Chestnut Hill, Massachusetts
67 Yearly Graduations
29% Women
6% Racial-Ethnic Minorities*

Boston College is the 18th most popular school in the nation for students seeking a master's degree in economics. Roughly 14,900 attend the school each year. The average in-state tuition for full-time undergraduates is $62,950 per year, while in-state graduate students, on average, pay $33,912 per year. During the most recent year for which we have data, 67 people received their master's degree in economics from Boston College. About 29% of this group were women, and 6% were students from an underrepresented racial-ethnic group.

65 Yearly Graduations
34% Women
9% Racial-Ethnic Minorities*

The University of Texas at Austin is the 19th most popular school in the nation for students seeking a master's degree in economics. Each year, around 50,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,698 per year, while in-state graduate students, on average, pay $12,036 per year. During the most recent year for which we have data, 65 people received their master's degree in economics from UT Austin. Of these students, 34% were women and 9% were members of underrepresented racial-ethnic groups.

#20

Northeastern University

Boston, Massachusetts
59 Yearly Graduations
28% Women
7% Racial-Ethnic Minorities*

Northeastern University is the 20th most popular school in the nation for students seeking a master's degree in economics. Roughly 22,900 attend the school each year. The average in-state tuition for full-time undergraduates is $59,100 per year, while in-state graduate students, on average, pay $26,715 per year. During the most recent year for which we have data, 59 people received their master's degree in economics from Northeastern. Of these students, 28% were women and 7% were members of underrepresented racial-ethnic groups.

Economics Focus Areas

Major Annual Degrees Awarded
3,577
218
176
49
28

Below are some popular majors that are similar to economics that offer master’s degrees.

Major Annual Degrees Awarded
4,650
1,889
1,428
1,248
1,001

References

*The racial-ethnic minority student 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 percentage of racial-ethnic minorities.

More about our data sources and methodologies.

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