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Economics in Illinois

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Economics Schools in Illinois

In 2020-2021, 2,155 students earned their Economics degrees in IL.

In this state, Economics is the 13th most popular major out of a total 306 majors commonly available.

Education Levels of Economics Majors in Illinois

Economics majors in the state tend to have the following degree levels:

Education Level Number of Grads
Bachelor’s Degree 1,771
Master’s Degree 259
Doctor’s Degree (Research / Scholarship) 101
Doctor’s Degree (Professional Practice) 101
Doctor’s Degree (Other) 101
Postbaccalaureate Certificate 24
Post-Master’s Certificate 24

Gender Distribution

In Illinois, a economics major is more popular with men than with women.

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Racial Distribution

The racial distribution of economics majors in Illinois is as follows:

  • Asian: 16.0%
  • Black or African American: 2.7%
  • Hispanic or Latino: 9.4%
  • White: 34.7%
  • Non-Resident Alien: 32.2%
  • Other Races: 5.0%
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Jobs for Economics Grads in Illinois

There are 32,640 people in the state and 1,144,130 people in the nation working in economics jobs.

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Wages for Economics Jobs in Illinois

In this state, economics grads earn an average of $90,080. Nationwide, they make an average of $115,590.

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There are 10 colleges in Illinois that offer economics degrees. Learn about the most popular 10 below:

626 Degrees in Major Awarded
94% Graduation Rate
17,834 Total Students

An average student at UChicago will pay a net price of $28,517. Students enjoy a student to faculty ratio of 5 to 1. Roughly six years after entering college, graduates of this school earn $62,671 a year.

563 Degrees in Major Awarded
84% Graduation Rate
52,679 Total Students

Students enjoy a student to faculty ratio of 20 to 1. Of all the students who attend this school, 70% get financial aid. It takes the average student 4.21 years to graduate.

402 Degrees in Major Awarded
95% Graduation Rate
22,603 Total Students

This private institution charges an average net price of $23,279. The student loan default rate of 0.60% is a good sign that graduates can afford their loan payments. Most students complete their degree in 4.13 years.

129 Degrees in Major Awarded
59% Graduation Rate
33,518 Total Students

Of all the teachers who work at the school, 72% are considered full time. Roughly six years after entering college, graduates of this school earn $49,099 a year. Students enjoy a student to faculty ratio of 18 to 1.

45 Degrees in Major Awarded
69% Graduation Rate
20,720 Total Students

19 to 1 is the student to faculty ratio. In their early career, Illinois State grads earn an average salary of $47,399. The student loan default rate of 3.60% is a good sign that graduates can afford their loan payments.

#5

DePaul University

Chicago
45 Degrees in Major Awarded
72% Graduation Rate
21,922 Total Students

Most students complete their degree in 4.21 years. In their early career, DePaul grads earn an average salary of $51,054. 49% of the teachers are full time.

35 Degrees in Major Awarded
87% Graduation Rate
2,908 Total Students

An average student at Wheaton College Illinois will pay a net price of $25,692. 71% of the teachers are full time. Graduates earn an average $46,794 after graduation.

#8

Lake Forest College

Lake Forest
32 Degrees in Major Awarded
69% Graduation Rate
1,583 Total Students

Seeking financial aid? At this school, 99% of students receive it. The student loan default rate of 1.30% is a good sign that graduates can afford their loan payments. It takes the average student 4.08 years to graduate.

27 Degrees in Major Awarded
46% Graduation Rate
16,769 Total Students

16 to 1 is the student to faculty ratio. In their early career, NIU grads earn an average salary of $43,408. Of all the teachers who work at the school, 76% are considered full time.

24 Degrees in Major Awarded
41% Graduation Rate
11,366 Total Students

Seeking financial aid? At this school, 97% of students receive it. This public college charges it's students an average net price of $16,285. 81% of the teachers are full time.

Economics Careers in IL

Some of the careers economics majors go into include:

Job Title IL Job Growth IL Median Salary
Market Research Analysts and Marketing Specialists 22% $57,340
Survey Researchers 8% $58,370
Economists 4% $104,230
Economics Professors 0% $110,310

Below are some popular majors in the state that are similar to economics.

Major Annual Graduates in IL
Political Science & Government 1,470
Sociology 841
International Relations & Security 389
Anthropology 288
Criminology 243
General Social Sciences 196
Geography & Cartography 191
Sociology & Anthropology 44

View all majors related to Economics

View Nationwide Economics Report

References

More about our data sources and methodologies.

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