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Economics in Minnesota

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Economics Schools in Minnesota

847 students earned Economics degrees in Minnesota in the 2020-2021 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 778
Doctor’s Degree (Research / Scholarship) 39
Doctor’s Degree (Professional Practice) 39
Doctor’s Degree (Other) 39
Master’s Degree 30

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: 6.1%
  • Black or African American: 3.7%
  • Hispanic or Latino: 4.6%
  • White: 51.4%
  • Non-Resident Alien: 29.0%
  • Other Races: 5.2%
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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
80% Graduation Rate
52,017 Total Students

17 to 1 is the student to faculty ratio. Grads earn an average early-career salary of $51,092 after earning their degree at this institution. Students who attend this public school pay an average net price of $17,878.

#2

St Olaf College

Northfield
90 Degrees in Major Awarded
86% Graduation Rate
2,953 Total Students

Grads earn an average early-career salary of $43,815 after earning their degree at this institution. The student to faculty ratio is 12 to 1. Of all the teachers who work at the school, 71% are considered full time.

#3

Macalester College

Saint Paul
57 Degrees in Major Awarded
90% Graduation Rate
2,049 Total Students

The student loan default rate is 0.20% which is lower than average. Of all the teachers who work at the school, 83% are considered full time. Of all the students who attend this school, 85% get financial aid.

51 Degrees in Major Awarded
77% Graduation Rate
9,792 Total Students

14 to 1 is the student to faculty ratio. Of all the students who attend this school, 98% get financial aid. Of all the teachers who work at the school, 56% are considered full time.

#5

Carleton College

Northfield
30 Degrees in Major Awarded
93% Graduation Rate
1,940 Total Students

Graduates earn an average $48,030 after graduation. Seeking financial aid? At this school, 74% of students receive it. The 0.80% student loan default rate is lower than average.

27 Degrees in Major Awarded
59% Graduation Rate
10,275 Total Students

It takes the average student 4.45 years to graduate. Of all the teachers who work at the school, 86% are considered full time. A typical student attending UMN Duluth will pay a net price of $18,505.

#6

Saint Johns University

Collegeville
27 Degrees in Major Awarded
76% Graduation Rate
1,668 Total Students

100% of students get financical aid. The student to faculty ratio is 12 to 1. Most students complete their degree in 4.08 years.

19 Degrees in Major Awarded
77% Graduation Rate
2,230 Total Students

99% of students get financical aid. This private school has an average net price of $24,696. The average student takes 4.07 years to complete their degree at Gustavus Adolphus.

#9

Augsburg University

Minneapolis
17 Degrees in Major Awarded
64% Graduation Rate
3,346 Total Students

Of all the teachers who work at the school, 47% are considered full time. This school boasts a lower than average student loan default rate of 5.60%. This private institution charges an average net price of $23,898.

16 Degrees in Major Awarded
43% Graduation Rate
11,841 Total Students

Students enjoy a student to faculty ratio of 19 to 1. This school boasts a lower than average student loan default rate of 4.60%. The average student takes 4.61 years to complete their degree at St. Cloud State University.

#10

St Catherine University

Saint Paul
16 Degrees in Major Awarded
59% Graduation Rate
4,277 Total Students

100% of students get financical aid. It takes the average student 4.25 years to graduate. The 3.10% student loan default rate is lower than average.

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
Survey Researchers 8% $58,410
Managers 7% $118,410
Economists 5% $68,050
Economics Professors 3% $95,020

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

Major Annual Graduates in MN
Political Science & Government 685
Sociology 264
Criminology 253
International Relations & Security 202
Geography & Cartography 143
Anthropology 109
Other Social Sciences 82
General Social Sciences 60

View all majors related to Economics

View Nationwide Economics Report

References

More about our data sources and methodologies.

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