Master’s Degrees in Economics
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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.
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.
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 |
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 |
Most Popular Economics Programs for Master’s Degrees
There are 237 colleges that offer a master’s degree in economics. Learn more about the most popular 20 below:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 |
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Related Majors
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.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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