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Economics in Michigan

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Economics Schools in Michigan

1,360 Economics students earned their degrees in the state in 2018-2019.

In this state, Economics is the 23rd most popular major out of a total 319 majors commonly available.

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 1,154
Master’s Degree 156
Doctor’s Degree (Research / Scholarship) 41
Doctor’s Degree (Professional Practice) 41
Doctor’s Degree (Other) 41
Associate’s Degree 7
Post-Master’s Certificate 2
Postbaccalaureate Certificate 2

Gender Distribution

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

Economics Majors in MI Gender Diversity Statistics

Racial Distribution

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

  • Asian: 6.4%
  • Black or African American: 2.9%
  • Hispanic or Latino: 3.6%
  • White: 52.3%
  • Non-Resident Alien: 26.4%
  • Other Races: 8.4%
Economics Majors in MI Ethnic Diversity Statistics

Jobs for Economics Grads in Michigan

In this state, there are 26,140 people employed in jobs related to an economics degree, compared to 1,144,130 nationwide.

Economics Jobs Nationwide vs. MI

Wages for Economics Jobs in Michigan

In this state, economics grads earn an average of $90,040. Nationwide, they make an average of $115,590.

jobs nationwide vs. state.

There are 24 colleges in Michigan that offer economics degrees. Learn about the most popular 10 below:

557 Degrees in Major Awarded
90% Graduation Rate
46,716 Total Students

Most students complete their degree in 4.18 years. Grads earn an average early-career salary of $49,800 after earning their degree at this institution. Students enjoy a student to faculty ratio of 11 to 1.

365 Degrees in Major Awarded
77% Graduation Rate
50,351 Total Students

This public school has an average net price of $18,984. The student loan default rate of 3.40% is a good sign that graduates can afford their loan payments. 16 to 1 is the student to faculty ratio.

51 Degrees in Major Awarded
35% Graduation Rate
27,025 Total Students

The average student takes 4.93 years to complete their degree at Wayne State. 56% of the teachers are full time. A typical student attending Wayne State will pay a net price of $14,226.

47 Degrees in Major Awarded
63% Graduation Rate
5,111 Total Students

The average student takes 4.38 years to complete their degree at Detroit Mercy. Grads earn an average early-career salary of $45,100 after earning their degree at this institution. This private institution charges an average net price of $20,415.

#5

Hillsdale College

Hillsdale
44 Degrees in Major Awarded
77% Graduation Rate
1,521 Total Students

Of all the teachers who work at the school, 99% are considered full time. 98% of students are awarded financial aid at this school. The student to faculty ratio is 9 to 1.

#6

Central Michigan University

Mount Pleasant
40 Degrees in Major Awarded
59% Graduation Rate
21,622 Total Students

This public college charges it's students an average net price of $15,677. Seeking financial aid? At this school, 95% of students receive it. Of all the teachers who work at the school, 72% are considered full time.

#7

Albion College

Albion
38 Degrees in Major Awarded
65% Graduation Rate
1,533 Total Students

The average student takes 4.15 years to complete their degree at Albion. 100% of students get financical aid. Students who attend this private institution pay an average net price of $15,413.

34 Degrees in Major Awarded
40% Graduation Rate
19,123 Total Students

Of all the teachers who work at the school, 98% are considered full time. In their early career, Eastern Michigan grads earn an average salary of $32,000. Most students complete their degree in 4.89 years.

#9

Calvin University

Grand Rapids
25 Degrees in Major Awarded
74% Graduation Rate
3,732 Total Students

This private school has an average net price of $25,017. The full-time teacher rate is 100%. The student to faculty ratio is 12 to 1.

22 Degrees in Major Awarded
54% Graduation Rate
22,562 Total Students

Grads earn an average early-career salary of $32,300 after earning their degree at this institution. The student to faculty ratio is 17 to 1. A typical student attending WMU will pay a net price of $19,119.

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

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

Major Annual Graduates in MI
Political Science & Government 1,001
Sociology 597
Anthropology 288
General Social Sciences 238
International Relations & Security 201
Geography & Cartography 171
Criminology 112
Other Social Sciences 83

View all majors related to Economics

View Nationwide Economics Report

References

More about our data sources and methodologies.

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