Doctor’s Degrees in Economics
Education Levels of Economics Majors
During the most recent year for which data is available, 1,385 people earned their doctor's degree in economics. This earns it the #24 spot on the list of the most popular doctor's degree programs in the nation.
The following table shows the number of diplomas awarded in economics at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 35,886 |
| Master’s Degree | 5,317 |
| Associate Degree | 3,384 |
| Doctor’s Degree | 1,385 |
| Graduate Certificate | 208 |
| Basic Certificate | 42 |
| Undergraduate Certificate | 3 |
Earnings of Economics Majors With Doctor’s Degrees
The median salary for graduates holding a doctor's degree in economics is $87,415. However, this can depend on a number of factors, such as where you live and the number of years experience you have. To get a better picture, earnings for this category of people can range from a low of $87,415 to a high of $87,415.
Student Debt
We do not have the data to calculate the median and range of debt loads for economics students who are doctor's degree holders.
Student Diversity
More men than women pursue doctor's degrees in economics. About 64.5% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 893 |
| Women | 492 |
The racial-ethnic distribution of economics doctor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 67 |
| Black or African American | 14 |
| Hispanic or Latino | 33 |
| White | 317 |
| International Students | 899 |
| Other Races/Ethnicities | 55 |
Most Popular Economics Programs for Doctor’s Degrees
There are 136 colleges that offer a doctor’s degree in economics. Learn more about the most popular 20 below:
The most popular school in the United States for economics students seekinga doctor's degree is Harvard University. Each year, around 30,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,269 per year, while in-state graduate students, on average, pay $54,032 per year. During the most recent year for which we have data, 43 people received their doctor's degree in economics from Harvard. About 38% of this group were women, and 21% were students from an underrepresented racial-ethnic group. Data shows that Harvard graduates that hold this degree go on to make a median salary of $87,415.
The most popular school in the United States for economics students seekinga doctor's degree is University of Chicago. Each year, around 17,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $63,801 per year, while in-state graduate students, on average, pay $65,145 per year. During the most recent year for which we have data, 43 people received their doctor's degree in economics from UChicago. About 20% of this group were women, and 10% were students from an underrepresented racial-ethnic group. University of Chicago economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
University of Minnesota - Twin Cities comes in at #3 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 52,000 attend the school each year. The average in-state tuition for full-time undergraduates is $14,496 per year, while in-state graduate students, on average, pay $19,116 per year. During the most recent year for which we have data, 39 people received their doctor's degree in economics from UMN Twin Cities. About 33% of this group were women, and 6% were students from an underrepresented racial-ethnic group. Data shows that UMN Twin Cities graduates that hold this degree go on to make a median salary of $87,415.
University of California - Berkeley comes in at #4 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 42,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,834 per year, while in-state graduate students, on average, pay $12,264 per year. During the most recent year for which we have data, 38 people received their doctor's degree in economics from UC Berkeley. About 30% of this group were women, and 6% were students from an underrepresented racial-ethnic group. Data shows that UC Berkeley graduates that hold this degree go on to make a median salary of $87,415.
University of Wisconsin - Madison comes in at #5 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 44,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,644 per year, while in-state graduate students, on average, pay $10,728 per year. During the most recent year for which we have data, 31 people received their doctor's degree in economics from UW - Madison. University of Wisconsin - Madison economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 6th most popular school in the country for economics majors who are seeking their doctor's degree is University of Pennsylvania. Each year, around 26,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,620 per year, while in-state graduate students, on average, pay $41,544 per year. During the most recent year for which we have data, 27 people received their doctor's degree in economics from UPenn. Around 4% of these students were from an underrepresented racial-ethnic group, and 24% were women. Data shows that UPenn graduates that hold this degree go on to make a median salary of $87,415.
Columbia University in the City of New York comes in at #7 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 30,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $64,526 per year, while in-state graduate students, on average, pay $53,576 per year. During the most recent year for which we have data, 26 people received their doctor's degree in economics from Columbia. About 42% of this group were women, and 11% were students from an underrepresented racial-ethnic group. Columbia University in the City of New York economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
Stanford University is the 8th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 15,900 attend the school each year. The average in-state tuition for full-time undergraduates is $61,731 per year, while in-state graduate students, on average, pay $58,746 per year. During the most recent year for which we have data, 25 people received their doctor's degree in economics from Stanford. Of these students, 32% were women and 9% were members of underrepresented racial-ethnic groups. Stanford University economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
University of California - Davis is the 8th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 39,000 attend the school each year. The average in-state tuition for full-time undergraduates is $11,834 per year, while in-state graduate students, on average, pay $12,264 per year. During the most recent year for which we have data, 25 people received their doctor's degree in economics from UC Davis. Around 6% of these students were from an underrepresented racial-ethnic group, and 52% were women. Those who complete their doctor's degree in economics at University of California - Davis make a median salary of 87,415.
The 10th most popular school in the country for economics majors who are seeking their doctor's degree is New York University. Roughly 52,700 attend the school each year. The average in-state tuition for full-time undergraduates is $60,438 per year, while in-state graduate students, on average, pay $38,826 per year. During the most recent year for which we have data, 24 people received their doctor's degree in economics from NYU. About 21% of this group were women, and 7% were students from an underrepresented racial-ethnic group. New York University economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
University of Maryland - College Park comes in at #11 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 40,700 attend the school each year. The average in-state tuition for full-time undergraduates is $9,889 per year, while in-state graduate students, on average, pay $16,560 per year. During the most recent year for which we have data, 23 people received their doctor's degree in economics from UMCP. Around 5% of these students were from an underrepresented racial-ethnic group, and 53% were women. University of Maryland - College Park economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 12th most popular school in the country for economics majors who are seeking their doctor's degree is University of Illinois at Urbana-Champaign. Roughly 52,600 attend the school each year. The average in-state tuition for full-time undergraduates is $14,768 per year, while in-state graduate students, on average, pay $15,545 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from UIUC. Of these students, 47% were women and 3% were members of underrepresented racial-ethnic groups. Those who complete their doctor's degree in economics at University of Illinois at Urbana-Champaign make a median salary of 87,415.
Boston University comes in at #12 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 32,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $63,798 per year, while in-state graduate students, on average, pay $63,798 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from Boston U. Those who complete their doctor's degree in economics at Boston University make a median salary of 87,415.
Massachusetts Institute of Technology comes in at #12 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 11,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,750 per year, while in-state graduate students, on average, pay $59,750 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from MIT. About 37% of this group were women, and 16% were students from an underrepresented racial-ethnic group. Massachusetts Institute of Technology economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
Yale University comes in at #15 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 12,000 attend the school each year. The average in-state tuition for full-time undergraduates is $64,700 per year, while in-state graduate students, on average, pay $48,300 per year. During the most recent year for which we have data, 20 people received their doctor's degree in economics from Yale. Data shows that Yale graduates that hold this degree go on to make a median salary of $87,415.
Princeton University is the 15th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 7,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,710 per year, while in-state graduate students, on average, pay $59,710 per year. During the most recent year for which we have data, 20 people received their doctor's degree in economics from Princeton. Of these students, 24% were women and 10% were members of underrepresented racial-ethnic groups. Those who complete their doctor's degree in economics at Princeton University make a median salary of 87,415.
Michigan State University is the 17th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 49,600 attend the school each year. The average in-state tuition for full-time undergraduates is $16,930 per year, while in-state graduate students, on average, pay $20,808 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Michigan State. Of these students, 43% were women and 3% were members of underrepresented racial-ethnic groups. Michigan State University economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
Northwestern University comes in at #17 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 22,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $64,887 per year, while in-state graduate students, on average, pay $52,698 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Northwestern. About 26% of this group were women, and 7% were students from an underrepresented racial-ethnic group. Those who complete their doctor's degree in economics at Northwestern University make a median salary of 87,415.
Cornell University is the 17th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 23,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $65,204 per year, while in-state graduate students, on average, pay $29,500 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Cornell. Data shows that Cornell graduates that hold this degree go on to make a median salary of $87,415.
Georgia State University comes in at #20 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 36,300 attend the school each year. The average in-state tuition for full-time undergraduates is $7,158 per year, while in-state graduate students, on average, pay $7,164 per year. During the most recent year for which we have data, 18 people received their doctor's degree in economics from Georgia State. Of these students, 40% were women and 10% were members of underrepresented racial-ethnic groups. Those who complete their doctor's degree in economics at Georgia State University make a median salary of 87,415.
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Related Majors
Below are some popular majors that are similar to economics that offer doctor’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Political Science & Government | 737 |
| Sociology | 602 |
| Anthropology | 472 |
| Geography & Cartography | 199 |
| International Relations & Security | 94 |
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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