Economics at Northwestern University
What traits are you looking for in a school for Economics, consider the program at Northwestern University. We’ve gathered the following information to help you decide.
Northwestern University is located in Evanston, IL.
For the most recent IPEDS reporting year, 404 economics graduations were recorded at Northwestern University.
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Online & Distance Learning at Northwestern University
Many students take online classes at Northwestern University. Of 23,856 students, 781 (3%) were enrolled entirely in distance education and 1,509 (6%) took at least some classes online.
Economics Rankings at Northwestern University
Use these rankings to compare Northwestern University’s Economics program to other colleges that offer this major.
Master’s-Level Rankings
| Ranking | Scope | Rank |
|---|---|---|
| Best Schools (Quality) | Great Lakes (Region) | #1 of 57 |
| Best Schools (Quality) | Illinois | #1 of 14 |
| Best Schools (Quality) | Nationwide | #4 of 466 |
| Best Value | Illinois | #11 of 14 |
| Best Value | Great Lakes (Region) | #43 of 57 |
| Best Value | Nationwide | #336 of 463 |
Doctoral-Level Rankings
| Ranking | Scope | Rank |
|---|---|---|
| Best Schools (Quality) | Great Lakes (Region) | #1 of 57 |
| Best Schools (Quality) | Illinois | #1 of 14 |
| Best Schools (Quality) | Nationwide | #4 of 466 |
| Best Value | Illinois | #11 of 14 |
| Best Value | Great Lakes (Region) | #43 of 57 |
| Best Value | Nationwide | #336 of 463 |
Earnings for Economics Graduates from Northwestern University
Those who finish Northwestern University’s Economics program report the following median earnings (per the U.S. Department of Education’s College Scorecard):
| Years After Graduation | Median Earnings |
|---|---|
| 1 year | $71,488 |
| 2 years | $73,035 |
| 3 years | $85,909 |
| 4 years | $105,795 |
| 5 years | $125,639 |
Is this above or below average for the school? Four years after graduating, Economics graduates from Northwestern University take home a median $105,795, compared with $111,206 for all Northwestern University graduates — about 5% lower than the school-wide median.
Median Debt at Graduation
Median student loan debt for Economics graduates from Northwestern University stands at $16,227.
Student Demographics & Diversity
Below you’ll find the diversity of Economics graduates at Northwestern University, by degree type.
Across all degree levels, Economics graduates at Northwestern University are 44% women (176) and 56% men (228).
Economics Bachelor’s Program at Northwestern University
Among the 304 bachelor’s economics degrees awarded at Northwestern University, 43% were women (130) and 57% were men (174).
The following table and chart show the race/ethnicity of Economics bachelor’s degree recipients at Northwestern University.
| Race / Ethnicity | Number of Graduates |
|---|---|
| White | 111 |
| Hispanic / Latino | 29 |
| Black / African American | 8 |
| Asian | 81 |
| American Indian / Alaska Native | 1 |
| Two or More Races | 8 |
| International (Nonresident) | 54 |
| Unknown | 12 |
Racial-ethnic minorities make up 42% of Economics bachelor’s degree recipients at Northwestern University, higher than the national average of 34%.*
Economics Master’s Program at Northwestern University
Among the 69 master’s economics degrees awarded at Northwestern University, 54% were women (37) and 46% were men (32).
The following table and chart show the race/ethnicity of Economics master’s degree recipients at Northwestern University.
| Race / Ethnicity | Number of Graduates |
|---|---|
| White | 1 |
| International (Nonresident) | 68 |
Economics Doctoral Program at Northwestern University
Among the 31 doctoral economics graduates at Northwestern University, 29% were women (9) and 71% were men (22).
The following table and chart show the race/ethnicity of Economics doctoral degree recipients at Northwestern University.
| Race / Ethnicity | Number of Graduates |
|---|---|
| White | 3 |
| Hispanic / Latino | 1 |
| Asian | 1 |
| International (Nonresident) | 26 |
Racial-ethnic minorities make up 6% of Economics doctoral degree recipients at Northwestern University, below the national average of 11%.*
*The racial-ethnic minorities figure is the total number of graduates minus White, international (nonresident), and unknown-race graduates.
More Specific Economics Concentrations at Northwestern University
This Economics program at Northwestern University offers more specialized concentrations:
| Concentration | Graduates |
|---|---|
| General Economics | 3 |
| Quantitative Economics | 401 |
Top-Paying Careers for Economics Graduates
Those who complete Economics program at Northwestern University pursue many career paths. Here are the highest-paying careers for Economics graduates, ordered by median annual salary:
| Occupation | Nationwide Median Wage |
|---|---|
| Wind Energy Development Managers | $169,952 |
| Loss Prevention Managers | $165,723 |
| Business Intelligence Analysts | $143,840 |
| Statisticians | $130,349 |
| Market Research Analysts and Marketing Specialists | $124,518 |
| Wind Energy Operations Managers | $122,567 |
| Biostatisticians | $121,594 |
| Compliance Managers | $117,178 |
| Survey Researchers | $108,538 |
| Data Scientists | $106,295 |
References
- IPEDS — Integrated Postsecondary Education Data System
- U.S. Department of Education — College Scorecard
- O*NET Online (Bureau of Labor Statistics)
- National Center for Education Statistics
More about our data sources and methodologies.
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