Economics Schools in Michigan
In 2020-2021, 1,496 students earned their Economics degrees in MI.
An Economics major is the 15th most popular major in this state.
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Education Levels of Economics Majors in Michigan
Economics majors in the state tend to have the following degree levels:
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 1,262 |
| Master’s Degree | 186 |
| Doctor’s Degree (Research / Scholarship) | 42 |
| Doctor’s Degree (Professional Practice) | 42 |
| Doctor’s Degree (Other) | 42 |
| Post-Master’s Certificate | 3 |
| Postbaccalaureate Certificate | 3 |
| Associate Degree | 3 |
Gender Distribution
In Michigan, a economics major is more popular with men than with women.
Racial Distribution
The racial distribution of economics majors in Michigan is as follows:
- Asian: 8.4%
- Black or African American: 3.1%
- Hispanic or Latino: 3.3%
- White: 50.5%
- Non-Resident Alien: 26.3%
- Other Races: 8.4%
Jobs for Economics Grads in Michigan
26,140 people in the state and 1,144,130 in the nation are employed in jobs related to economics.
Wages for Economics Jobs in Michigan
Economics grads earn an average of $90,040 in the state and $115,590 nationwide.
Most Popular Economics Programs in MI
There are 10 colleges in Michigan that offer economics degrees. Learn about the most popular 10 below:
It takes the average student 4.16 years to graduate. Roughly six years after entering college, graduates of this school earn $62,027 a year. Of all the students who attend this school, 66% get financial aid.
The average student takes 4.35 years to complete their degree at Michigan State. Students who attend this public school pay an average net price of $19,058. 71% of students are awarded financial aid at this school.
Grads earn an average early-career salary of $40,269 after earning their degree at this institution. The average student takes 4.73 years to complete their degree at Wayne State. Students enjoy a student to faculty ratio of 15 to 1.
98% of students are awarded financial aid at this school. Of all the teachers who work at the school, 100% are considered full time. The student to faculty ratio is 9 to 1.
The student loan default rate of 5.70% is a good sign that graduates can afford their loan payments. The average student takes 4.15 years to complete their degree at Albion. 12 to 1 is the student to faculty ratio.
The student loan default rate of 7.10% is a good sign that graduates can afford their loan payments. This public college charges it's students an average net price of $15,127. The average student takes 4.74 years to complete their degree at Eastern Michigan.
Seeking financial aid? At this school, 82% of students receive it. In their early career, WMU grads earn an average salary of $40,533. A typical student attending WMU will pay a net price of $20,371.
The student loan default rate is 3.50% which is lower than average. The average student takes 4.28 years to complete their degree at Detroit Mercy. Of all the teachers who work at the school, 100% are considered full time.
The student loan default rate of 1.20% is a good sign that graduates can afford their loan payments. This private institution charges an average net price of $26,082. 12 to 1 is the student to faculty ratio.
70% of the teachers are full time. The 3.70% student loan default rate is lower than average. Most students complete their degree in 4.75 years.
Economics Careers in MI
Some of the careers economics majors go into include:
| Job Title | MI Job Growth | MI Median Salary |
|---|---|---|
| Market Research Analysts and Marketing Specialists | 24% | $61,280 |
| Economics Professors | 9% | $103,650 |
| Economists | 8% | $80,990 |
| Survey Researchers | 8% | $55,840 |
| Managers | 7% | $95,390 |
Related Majors in Michigan
Below are some popular majors in the state that are similar to economics.
| Major | Annual Graduates in MI |
|---|---|
| Political Science & Government | 1,044 |
| Sociology | 551 |
| Anthropology | 254 |
| General Social Sciences | 230 |
| International Relations & Security | 213 |
| Criminology | 150 |
| Geography & Cartography | 138 |
| Other Social Sciences | 105 |
View all majors related to Economics
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References
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By pixabay under License
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