Master’s Degrees in Economics
Education Levels of Economics Majors
During the most recent year for which data is available, 5,317 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 | 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 Master’s Degrees
The median salary for graduates holding a master's degree in economics is $74,330. 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 $68,679 and the high is $80,190.
Student Debt
We do not have the data to estimate the median debt for this class of people.
Student Diversity
More men than women pursue master's degrees in economics. About 58.0% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 3,085 |
| Women | 2,232 |
The racial-ethnic distribution of economics master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 279 |
| Black or African American | 128 |
| Hispanic or Latino | 272 |
| White | 1,313 |
| International Students | 3,131 |
| Other Races/Ethnicities | 194 |
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 $62,840 per year, while in-state graduate students, on average, pay $62,840 per year. During the most recent year for which we have data, 292 people received their master's degree in economics from Johns Hopkins. Around 6% of these students were from an underrepresented racial-ethnic group, and 46% were women. Data shows that Johns Hopkins graduates that hold this degree go on to make a median salary of $74,330.
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 $9,644 per year, while in-state graduate students, on average, pay $10,728 per year. During the most recent year for which we have data, 209 people received their master's degree in economics from UW - Madison. Of these students, 41% were women and 1% were members of underrepresented racial-ethnic groups. University of Wisconsin - Madison economics graduates who receive their master's degree go on to jobs earning a median salary of $74,330.
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 $64,348 per year, while in-state graduate students, on average, pay $61,458 per year. During the most recent year for which we have data, 163 people received their master's degree in economics from Brandeis. Of these students, 52% were women and 13% were members of underrepresented racial-ethnic groups. Data shows that Brandeis graduates that hold this degree go on to make a median salary of $74,330.
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 $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, 149 people received their master's degree in economics from Boston U. Of these students, 40% were women and 5% were members of underrepresented racial-ethnic groups. Those who complete their master's degree in economics at Boston University make a median salary of 74,330.
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 $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, 131 people received their master's degree in economics from Columbia. Of these students, 44% were women and 7% were members of underrepresented racial-ethnic groups. Data shows that Columbia graduates that hold this degree go on to make a median salary of $74,330.
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 $66,640 per year, while in-state graduate students, on average, pay $66,640 per year. During the most recent year for which we have data, 118 people received their master's degree in economics from USC. Around 4% of these students were from an underrepresented racial-ethnic group, and 57% were women. University of Southern California economics graduates who receive their master's degree go on to jobs earning a median salary of $74,330.
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 $64,896 per year, while in-state graduate students, on average, pay $58,848 per year. During the most recent year for which we have data, 105 people received their master's degree in economics from Georgetown. Of these students, 55% were women and 11% were members of underrepresented racial-ethnic groups. Georgetown University economics graduates who receive their master's degree go on to jobs earning a median salary of $74,330.
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 $9,003 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, 28% were women and 30% were members of underrepresented racial-ethnic groups. Texas A&M University - College Station economics graduates who receive their master's degree go on to jobs earning a median salary of $74,330.
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 $14,768 per year, while in-state graduate students, on average, pay $15,545 per year. During the most recent year for which we have data, 98 people received their master's degree in economics from UIUC. About 49% of this group were women, and 3% were students from an underrepresented racial-ethnic group. Those who complete their master's degree in economics at University of Illinois at Urbana-Champaign make a median salary of 74,330.
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 $17,977 per year, while in-state graduate students, on average, pay $27,192 per year. During the most recent year for which we have data, 93 people received their master's degree in economics from U-M. About 45% of this group were women, and 5% were students from an underrepresented racial-ethnic group. Data shows that U-M graduates that hold this degree go on to make a median salary of $74,330.
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 $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, 87 people received their master's degree in economics from NYU. About 48% of this group were women, and 11% were students from an underrepresented racial-ethnic group. Data shows that NYU graduates that hold this degree go on to make a median salary of $74,330.
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 $63,450 per year, while in-state graduate students, on average, pay $62,620 per year. During the most recent year for which we have data, 78 people received their master's degree in economics from Duke. About 51% of this group were women, and 6% were students from an underrepresented racial-ethnic group. Data shows that Duke graduates that hold this degree go on to make a median salary of $74,330.
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 $11,834 per year, while in-state graduate students, on average, pay $12,264 per year. During the most recent year for which we have data, 72 people received their master's degree in economics from UCLA. Around 11% of these students were from an underrepresented racial-ethnic group, and 51% were women. Data shows that UCLA graduates that hold this degree go on to make a median salary of $74,330.
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 $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, 70 people received their master's degree in economics from Harvard. Of these students, 50% were women and 15% were members of underrepresented racial-ethnic groups. Those who complete their master's degree in economics at Harvard University make a median salary of 74,330.
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 $64,508 per year, while in-state graduate students, on average, pay $35,100 per year. During the most recent year for which we have data, 69 people received their master's degree in economics from GWU. About 52% of this group were women, and 19% were students from an underrepresented racial-ethnic group. Data shows that GWU graduates that hold this degree go on to make a median salary of $74,330.
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 $10,095 per year, while in-state graduate students, on average, pay $13,726 per year. During the most recent year for which we have data, 68 people received their master's degree in economics from GMU. About 29% of this group were women, and 16% were students from an underrepresented racial-ethnic group. Those who complete their master's degree in economics at George Mason University make a median salary of 74,330.
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 $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, 68 people received their master's degree in economics from UChicago. Around 9% of these students were from an underrepresented racial-ethnic group, and 35% were women. Data shows that UChicago graduates that hold this degree go on to make a median salary of $74,330.
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 $66,410 per year, while in-state graduate students, on average, pay $35,784 per year. During the most recent year for which we have data, 67 people received their master's degree in economics from Boston College. Around 7% of these students were from an underrepresented racial-ethnic group, and 34% were women. Boston College economics graduates who receive their master's degree go on to jobs earning a median salary of $74,330.
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 $11,678 per year, while in-state graduate students, on average, pay $12,012 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, 23% were women and 19% were members of underrepresented racial-ethnic groups. The University of Texas at Austin economics graduates who receive their master's degree go on to jobs earning a median salary of $74,330.
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 $62,000 per year, while in-state graduate students, on average, pay $27,728 per year. During the most recent year for which we have data, 59 people received their master's degree in economics from Northeastern. About 51% of this group were women, and 6% were students from an underrepresented racial-ethnic group. Those who complete their master's degree in economics at Northeastern University make a median salary of 74,330.
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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 |
|---|---|
| International Relations & Security | 5,262 |
| Political Science & Government | 2,000 |
| General Social Sciences | 1,618 |
| Sociology | 1,358 |
| Geography & Cartography | 1,193 |
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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