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Doctor's Degree in Economics

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Doctor’s Degrees in Economics

1,248 Yearly Graduations
$99,068 Median Salary
33% Women
A doctor's degree in economics is offered at 136 colleges in the United States. Among those who recently graduated from the schools offering this degree, the majority were men, and 9% were students from an underrepresented racial-ethnic group. Also, 64.7% of economics graduates were international students.

Education Levels of Economics Majors

In 2020-2021, 1,248 doctor's degrees were awarded to economics majors. 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 39,397
Master’s Degree 4,803
Associate Degree 3,446
Doctor’s Degree 1,248
Graduate Certificate 122
Basic Certificate 33
Undergraduate Certificate 6

Earnings of Economics Majors With Doctor’s Degrees

The median salary for graduates holding a doctor's degree in economics is $99,068. 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 $99,068 to a high of $99,068.

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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 67.1% of graduates in this field are male.

Gender Number of Grads
Men 838
Women 410
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The racial-ethnic distribution of economics doctor’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 63
Black or African American 13
Hispanic or Latino 31
White 285
International Students 807
Other Races/Ethnicities 49
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There are 136 colleges that offer a doctor’s degree in economics. Learn more about the most popular 20 below:

#1

Harvard University

Cambridge, Massachusetts
43 Yearly Graduations
44% Women
23% Racial-Ethnic Minorities*

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 $51,143 per year, while in-state graduate students, on average, pay $50,928 per year. For the 2020-2021 academic year, 43 doctor's degrees were handed out to economics majors at Harvard. Around 23% of these students were from an underrepresented racial-ethnic group, and 44% were women.

#1

University of Chicago

Chicago, Illinois
43 Yearly Graduations
19% Women
12% Racial-Ethnic Minorities*

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 $59,256 per year, while in-state graduate students, on average, pay $62,640 per year. For the 2020-2021 academic year, 43 doctor's degrees were handed out to economics majors at UChicago. Of these students, 19% were women and 12% were members of underrepresented racial-ethnic groups.

#3

University of Minnesota - Twin Cities

Minneapolis, Minnesota
39 Yearly Graduations
21% Women
13% Racial-Ethnic Minorities*

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 $13,532 per year, while in-state graduate students, on average, pay $17,844 per year. The economics program at University of Minnesota - Twin Cities awarded 39 doctor's degrees during the 2020-2021 school year. Of these students, 21% were women and 13% were members of underrepresented racial-ethnic groups.

#4

University of California - Berkeley

Berkeley, California
38 Yearly Graduations
37% Women
13% Racial-Ethnic Minorities*

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 $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. For the 2020-2021 academic year, 38 doctor's degrees were handed out to economics majors at UC Berkeley. Of these students, 37% were women and 13% were members of underrepresented racial-ethnic groups.

#5

University of Wisconsin - Madison

Madison, Wisconsin
31 Yearly Graduations
39% Women
3% Racial-Ethnic Minorities*

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 $9,273 per year, while in-state graduate students, on average, pay $10,728 per year. The economics program at University of Wisconsin - Madison awarded 31 doctor's degrees during the 2020-2021 school year. Around 3% of these students were from an underrepresented racial-ethnic group, and 39% were women.

#6

University of Pennsylvania

Philadelphia, Pennsylvania
27 Yearly Graduations
19% Women

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 $54,652 per year, while in-state graduate students, on average, pay $38,732 per year. During the 2020-2021 academic year, 27 people received their doctor's degree in economics from UPenn.

26 Yearly Graduations
46% Women
4% Racial-Ethnic Minorities*

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 $59,450 per year, while in-state graduate students, on average, pay $50,496 per year. The economics program at Columbia University in the City of New York awarded 26 doctor's degrees during the 2020-2021 school year. About 46% of this group were women, and 4% were students from an underrepresented racial-ethnic group.

#8

Stanford University

Stanford, California
25 Yearly Graduations
20% Women
12% Racial-Ethnic Minorities*

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 $55,473 per year, while in-state graduate students, on average, pay $54,315 per year. The economics program at Stanford University awarded 25 doctor's degrees during the 2020-2021 school year. Of these students, 20% were women and 12% were members of underrepresented racial-ethnic groups.

#8

University of California - Davis

Davis, California
25 Yearly Graduations
28% Women

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 $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. For the 2020-2021 academic year, 25 doctor's degrees were handed out to economics majors at UC Davis.

#10

New York University

New York, New York
24 Yearly Graduations
29% Women
4% Racial-Ethnic Minorities*

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 $53,770 per year, while in-state graduate students, on average, pay $35,982 per year. For the 2020-2021 academic year, 24 doctor's degrees were handed out to economics majors at NYU. Around 4% of these students were from an underrepresented racial-ethnic group, and 29% were women.

#11

University of Maryland - College Park

College Park, Maryland
23 Yearly Graduations
35% Women
13% Racial-Ethnic Minorities*

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 $9,000 per year, while in-state graduate students, on average, pay $15,360 per year. The economics program at University of Maryland - College Park awarded 23 doctor's degrees during the 2020-2021 school year. About 35% of this group were women, and 13% were students from an underrepresented racial-ethnic group.

22 Yearly Graduations
41% Women
9% Racial-Ethnic Minorities*

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 $14,446 per year, while in-state graduate students, on average, pay $14,635 per year. The economics program at University of Illinois at Urbana-Champaign awarded 22 doctor's degrees during the 2020-2021 school year. Around 9% of these students were from an underrepresented racial-ethnic group, and 41% were women.

#12

Boston University

Boston, Massachusetts
22 Yearly Graduations
41% Women
9% Racial-Ethnic Minorities*

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 $58,560 per year, while in-state graduate students, on average, pay $58,560 per year. During the 2020-2021 academic year, 22 people received their doctor's degree in economics from Boston U. Around 9% of these students were from an underrepresented racial-ethnic group, and 41% were women.

#12

Massachusetts Institute of Technology

Cambridge, Massachusetts
22 Yearly Graduations
27% Women
14% Racial-Ethnic Minorities*

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 $55,510 per year, while in-state graduate students, on average, pay $55,510 per year. During the 2020-2021 academic year, 22 people received their doctor's degree in economics from MIT. Around 14% of these students were from an underrepresented racial-ethnic group, and 27% were women.

#15

Yale University

New Haven, Connecticut
20 Yearly Graduations
15% Women
5% Racial-Ethnic Minorities*

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 $59,950 per year, while in-state graduate students, on average, pay $45,700 per year. During the 2020-2021 academic year, 20 people received their doctor's degree in economics from Yale. About 15% of this group were women, and 5% were students from an underrepresented racial-ethnic group.

#15

Princeton University

Princeton, New Jersey
20 Yearly Graduations
25% Women
20% Racial-Ethnic Minorities*

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 $56,010 per year, while in-state graduate students, on average, pay $56,010 per year. The economics program at Princeton University awarded 20 doctor's degrees during the 2020-2021 school year. About 25% of this group were women, and 20% were students from an underrepresented racial-ethnic group.

#17

Michigan State University

East Lansing, Michigan
19 Yearly Graduations
47% Women

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 $15,966 per year, while in-state graduate students, on average, pay $19,714 per year. For the 2020-2021 academic year, 19 doctor's degrees were handed out to economics majors at Michigan State.

#17

Northwestern University

Evanston, Illinois
19 Yearly Graduations
21% Women
16% Racial-Ethnic Minorities*

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 $60,276 per year, while in-state graduate students, on average, pay $56,067 per year. During the 2020-2021 academic year, 19 people received their doctor's degree in economics from Northwestern. About 21% of this group were women, and 16% were students from an underrepresented racial-ethnic group.

#17

Cornell University

Ithaca, New York
19 Yearly Graduations
63% Women
16% Racial-Ethnic Minorities*

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 $60,286 per year, while in-state graduate students, on average, pay $29,500 per year. For the 2020-2021 academic year, 19 doctor's degrees were handed out to economics majors at Cornell. About 63% of this group were women, and 16% were students from an underrepresented racial-ethnic group.

#20

Georgia State University

Atlanta, Georgia
18 Yearly Graduations
44% Women
22% Racial-Ethnic Minorities*

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. The economics program at Georgia State University awarded 18 doctor's degrees during the 2020-2021 school year. About 44% of this group were women, and 22% were students from an underrepresented racial-ethnic group.

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

Major Annual Degrees Awarded
Demography & Population Studies 1,634
Political Science & Government 654
Sociology 577
Anthropology 469
Geography & Cartography 249

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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