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Economics in Minnesota

Economics Schools in Minnesota

706 students earned Economics degrees in Minnesota in the 2022-2023 year.

In this state, Economics is the 24th most popular major out of a total 289 majors commonly available.

Education Levels of Economics Majors in Minnesota

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

Education Level Number of Grads
Bachelor’s Degree 655
Master’s Degree 33
Doctor’s Degree (Research / Scholarship) 18
Doctor’s Degree (Professional Practice) 18
Doctor’s Degree (Other) 18

Gender Distribution

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

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Racial Distribution

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

  • Asian: 5.2%
  • Black or African American: 3.5%
  • Hispanic or Latino: 5.4%
  • White: 53.1%
  • Non-Resident Alien: 27.9%
  • Other Races: 4.8%
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Jobs for Economics Grads in Minnesota

24,750 people in the state and 1,144,130 in the nation are employed in jobs related to economics.

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Wages for Economics Jobs in Minnesota

Economics grads earn an average of $81,720 in the state and $115,590 nationwide.

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There are 11 colleges in Minnesota that offer economics degrees. Learn about the most popular 11 below:

417 Degrees in Major Awarded
84% Graduation Rate
52,017 Total Students

Students enjoy a student to faculty ratio of 16 to 1. This public school has an average net price of $16,318. Of all the teachers who work at the school, 82% are considered full time.

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#2

St Olaf College

Northfield
90 Degrees in Major Awarded
85% Graduation Rate
2,953 Total Students

An average student at St. Olaf will pay a net price of $21,996. 99% of students get financical aid. Most students complete their degree in 4.07 years.

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#3

Macalester College

Saint Paul
57 Degrees in Major Awarded
93% Graduation Rate
2,049 Total Students

Of all the teachers who work at the school, 81% are considered full time. The average student takes 4.06 years to complete their degree at Macalester. The student to faculty ratio is 10 to 1.

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51 Degrees in Major Awarded
80% Graduation Rate
9,792 Total Students

The student to faculty ratio is 13 to 1. Most students complete their degree in 4.15 years. Students who attend this private institution pay an average net price of $28,233.

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#5

Carleton College

Northfield
30 Degrees in Major Awarded
94% Graduation Rate
1,940 Total Students

79% of students get financical aid. The average student takes 4.05 years to complete their degree at Carleton. Of all the teachers who work at the school, 80% are considered full time.

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27 Degrees in Major Awarded
61% Graduation Rate
10,275 Total Students

It takes the average student 4.45 years to graduate. This public school has an average net price of $17,156. Students enjoy a student to faculty ratio of 16 to 1.

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#6

Saint Johns University

Collegeville
27 Degrees in Major Awarded
74% Graduation Rate
1,668 Total Students

Students enjoy a student to faculty ratio of 11 to 1. An average student at SJU will pay a net price of $25,169. Of all the teachers who work at the school, 83% are considered full time.

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19 Degrees in Major Awarded
78% Graduation Rate
2,230 Total Students

The full-time teacher rate is 92%. The average student takes 4.07 years to complete their degree at Gustavus Adolphus. An average student at Gustavus Adolphus will pay a net price of $24,224.

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#9

Augsburg University

Minneapolis
17 Degrees in Major Awarded
59% Graduation Rate
3,346 Total Students

100% of students get financical aid. 14 to 1 is the student to faculty ratio. The average student takes 4.22 years to complete their degree at Augsburg.

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16 Degrees in Major Awarded
44% Graduation Rate
11,841 Total Students

99% of students get financical aid. Students enjoy a student to faculty ratio of 16 to 1. 65% of the teachers are full time.

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#10

St Catherine University

Saint Paul
16 Degrees in Major Awarded
68% Graduation Rate
4,277 Total Students

Students who attend this private institution pay an average net price of $18,611. The student to faculty ratio is 10 to 1. 52% of the teachers are full time.

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Economics Careers in MN

Some of the careers economics majors go into include:

Job Title MN Job Growth MN Median Salary
Market Research Analysts and Marketing Specialists 20% $67,670

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

Major Annual Graduates in MN
Political Science & Government 685
Sociology 264
International Relations & Security 202
Geography & Cartography 143
Anthropology 109
Other Social Sciences 82
General Social Sciences 60
Urban Studies 55

View all majors related to Economics

View Nationwide Economics Report

References

More about our data sources and methodologies.

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