2023 Best Value Economics Master's Degree Schools in Michigan
Identifying Quality Schools at More Affordable Prices
Finding the Best Economics Master's Degree School for You
With 1,496 degrees and certificates handed out in 2020-2021, economics is the #15 most popular major in Michigan.
There are lots of options to pick from today when trying to decide which program is right for you. You're no longer limited to schools in your local area, either, since online programs are becoming more prevalent. Or you may find the programs at a trade school to be a better alternative for you.
To assist you in seeing some of the education options that are available to you, Course Advisor has created its Best Value Economics Master's Degree Schools in Michigan ranking. Our analysis looked at 6 schools in Michigan to see which master's degree programs offered the best value experiences for economics students with the aim of identifying those quality schools that are more affordable than some of their counterparts.
When determining this ranking, we place a high emphasis on the school's quality as well as its sticker price. Even though a college may be affordable, it may not offer value. More specifically, we discount our quality score by the published tuition and fees charged by a school. This gives the cost per unit of quality for each college. The value is determined by how much quality your dollar buys.
Our calculations use out-of-state tuition and fees in our nationwide and regional rankings. Average in-state tuition and fees are used for our statewide rankings.
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2023 Best Value Economics Master’s Degree Schools in Michigan
The following schools top our list of the Best Value Economics Master's Degree Colleges.
Best Michigan Schools for Affordable Quality for a Master's in Economics
Our 2023 rankings named University of Michigan - Ann Arbor the best value school in Michigan for economics students working on their master’s degree. Located in the medium-sized city of Ann Arbor, U-M is a public school with a very large student population.
The average tuition and fees for an in-state graduate student at U-M are $25,230 a year.
In addition to its best value ranking, and one of the reasons why the school is on the list, U-M is ranked #1 for overall quality for economics in Michigan.
You’ll join some of the best and brightest minds around you if you attend Michigan State University. The school came in at #2 on this year’s Best Value Economics Master’s Degree Schools in Michigan list. Michigan State is a fairly large public school located in the small city of East Lansing.
Michigan State graduate students pay an average of $19,714 in in-state tuition and fees each year.
Michigan State also took the #2 spot in our Best Economics Master’s Degree Schools in Michigan rankings.
Out of the 6 schools in Michigan that were part of this year’s ranking, Central Michigan University landed the # 3 spot on the list. Central Michigan is a large public school located in the town of Mount Pleasant.
Central Michigan graduate students pay an average of $15,644 in in-state tuition and fees each year.
The excellent master’s degree programs at Eastern Michigan University helped the school earn the #4 place on this year’s ranking of the best value economics schools in Michigan. Eastern Michigan is a fairly large public school located in the suburb of Ypsilanti.
The average tuition and fees for an in-state graduate student at Eastern Michigan are $16,672 a year.
Read full report on Economics at Eastern Michigan University
You’ll be in good company if you decide to attend Western Michigan University. It ranked #4 on our 2023 Best Value Economics Master’s Degree Schools in Michigan list. WMU is a fairly large public school located in the small city of Kalamazoo.
In-state tuition fees for graduate students at WMU are $17,807 per year.
Wayne State University did quite well in this year’s ranking of the best places for economics students to get a master’s degree. It came in at #6 on the list. Wayne State is a very large public school located in the city of Detroit.
Wayne State graduate students pay an average of $18,937 in in-state tuition and fees each year.
Best Value Economics Colleges in the Great Lakes Region
Explore all the Best Value Economics Colleges in the Great Lakes Area or other specific states within that region.
| State | Degrees Awarded |
|---|---|
| Ohio | 1,136 |
| Illinois | 2,155 |
| Indiana | 889 |
| Wisconsin | 1,225 |
More Economics Rankings in Michigan
Economics Related Majors for Economics
Economics is one of 12 different types of programs to choose from.
Most Popular Majors Related to Economics
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 49,282 |
| Sociology | 38,475 |
| General Social Sciences | 18,997 |
| International Relations & National Security | 14,306 |
| Anthropology | 11,415 |
Notes and References
*These averages are for the top 6 schools only.
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Credit for the banner image above goes to pixabay.
More about our data sources and methodologies.
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