Doctor’s Degrees in Economics
Education Levels of Economics Majors
During the most recent year for which data is available, 1,385 people earned their doctor's degree in economics. This makes it the 24th most popular doctor's degree program in the country.
The following table shows the number of diplomas awarded in economics at each degree level.
| Education Level | Number of Grads |
|---|---|
| Master’s Degree | 5,317 |
| Doctor’s Degree | 1,385 |
| Graduate Certificate | 208 |
Earnings of Economics Majors With Doctor’s Degrees
The median salary for graduates holding a doctor's degree in economics is $87,415. This number may vary for a lot of reasons. For instance, you may decide to move to a location where people with your degree are rare and make more money. A better approximation of salary is to look at the typical range of salaries. In this case the low is $87,415 and the high is $87,415.
Student Debt
The data on debt ranges for economics majors who have their doctor's degree is not available.
Student Diversity
More men than women pursue doctor's degrees in economics. About 64.5% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 893 |
| Women | 492 |
The racial-ethnic distribution of economics doctor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 67 |
| Black or African American | 14 |
| Hispanic or Latino | 33 |
| White | 317 |
| International Students | 899 |
| Other Races/Ethnicities | 55 |
Most Popular Economics Programs for Doctor’s Degrees
There are 136 colleges that offer a doctor’s degree in economics. Learn more about the most popular 20 below:
University of Chicago tops the list of the most popular school in the U.S. for economics majors who are seeking their doctor's degree. Roughly 17,800 attend the school each year. The average in-state tuition for full-time undergraduates is $63,801 per year, while in-state graduate students, on average, pay $65,145 per year. During the most recent year for which we have data, 43 people received their doctor's degree in economics from UChicago. Around 10% of these students were from an underrepresented racial-ethnic group, and 20% were women. Those who complete their doctor's degree in economics at University of Chicago make a median salary of 87,415.
Harvard University tops the list of the most popular school in the U.S. for economics majors who are seeking their doctor's degree. Roughly 30,300 attend the school each year. The average in-state tuition for full-time undergraduates is $54,269 per year, while in-state graduate students, on average, pay $54,032 per year. During the most recent year for which we have data, 43 people received their doctor's degree in economics from Harvard. Around 21% of these students were from an underrepresented racial-ethnic group, and 38% were women. Harvard University economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 3rd most popular school in the country for economics majors who are seeking their doctor's degree is University of Minnesota - Twin Cities. Each year, around 52,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,496 per year, while in-state graduate students, on average, pay $19,116 per year. During the most recent year for which we have data, 39 people received their doctor's degree in economics from UMN Twin Cities. Around 6% of these students were from an underrepresented racial-ethnic group, and 33% were women. University of Minnesota - Twin Cities economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 4th most popular school in the country for economics majors who are seeking their doctor's degree is University of California - Berkeley. Roughly 42,300 attend the school each year. The average in-state tuition for full-time undergraduates is $11,834 per year, while in-state graduate students, on average, pay $12,264 per year. During the most recent year for which we have data, 38 people received their doctor's degree in economics from UC Berkeley. Around 6% of these students were from an underrepresented racial-ethnic group, and 30% were women. University of California - Berkeley economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 5th most popular school in the country for economics majors who are seeking their doctor's degree is University of Wisconsin - Madison. Roughly 44,600 attend the school each year. The average in-state tuition for full-time undergraduates is $9,644 per year, while in-state graduate students, on average, pay $10,728 per year. During the most recent year for which we have data, 31 people received their doctor's degree in economics from UW - Madison. Those who complete their doctor's degree in economics at University of Wisconsin - Madison make a median salary of 87,415.
University of Pennsylvania is the 6th most popular school in the nation for students seeking a doctor's degree in economics. Roughly 26,500 attend the school each year. The average in-state tuition for full-time undergraduates is $58,620 per year, while in-state graduate students, on average, pay $41,544 per year. During the most recent year for which we have data, 27 people received their doctor's degree in economics from UPenn. Of these students, 24% were women and 4% were members of underrepresented racial-ethnic groups. University of Pennsylvania economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 7th most popular school in the country for economics majors who are seeking their doctor's degree is Columbia University in the City of New York. Roughly 30,100 attend the school each year. The average in-state tuition for full-time undergraduates is $64,526 per year, while in-state graduate students, on average, pay $53,576 per year. During the most recent year for which we have data, 26 people received their doctor's degree in economics from Columbia. Around 11% of these students were from an underrepresented racial-ethnic group, and 42% were women. Those who complete their doctor's degree in economics at Columbia University in the City of New York make a median salary of 87,415.
University of California - Davis comes in at #8 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 39,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,834 per year, while in-state graduate students, on average, pay $12,264 per year. During the most recent year for which we have data, 25 people received their doctor's degree in economics from UC Davis. Of these students, 52% were women and 6% were members of underrepresented racial-ethnic groups. Data shows that UC Davis graduates that hold this degree go on to make a median salary of $87,415.
Stanford University comes in at #8 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 15,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $61,731 per year, while in-state graduate students, on average, pay $58,746 per year. During the most recent year for which we have data, 25 people received their doctor's degree in economics from Stanford. About 32% of this group were women, and 9% were students from an underrepresented racial-ethnic group. Those who complete their doctor's degree in economics at Stanford University make a median salary of 87,415.
New York University is the 10th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 52,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $60,438 per year, while in-state graduate students, on average, pay $38,826 per year. During the most recent year for which we have data, 24 people received their doctor's degree in economics from NYU. Around 7% of these students were from an underrepresented racial-ethnic group, and 21% were women. Those who complete their doctor's degree in economics at New York University make a median salary of 87,415.
The 11th most popular school in the country for economics majors who are seeking their doctor's degree is University of Maryland - College Park. Each year, around 40,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,889 per year, while in-state graduate students, on average, pay $16,560 per year. During the most recent year for which we have data, 23 people received their doctor's degree in economics from UMCP. Of these students, 53% were women and 5% were members of underrepresented racial-ethnic groups. Those who complete their doctor's degree in economics at University of Maryland - College Park make a median salary of 87,415.
University of Illinois at Urbana-Champaign is the 12th most popular school in the nation for students seeking a doctor's degree in economics. Each year, around 52,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,768 per year, while in-state graduate students, on average, pay $15,545 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from UIUC. About 47% of this group were women, and 3% were students from an underrepresented racial-ethnic group. Data shows that UIUC graduates that hold this degree go on to make a median salary of $87,415.
The 12th most popular school in the country for economics majors who are seeking their doctor's degree is Boston University. Roughly 32,700 attend the school each year. The average in-state tuition for full-time undergraduates is $63,798 per year, while in-state graduate students, on average, pay $63,798 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from Boston U. Data shows that Boston U graduates that hold this degree go on to make a median salary of $87,415.
The 12th most popular school in the country for economics majors who are seeking their doctor's degree is Massachusetts Institute of Technology. Roughly 11,200 attend the school each year. The average in-state tuition for full-time undergraduates is $59,750 per year, while in-state graduate students, on average, pay $59,750 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from MIT. Around 16% of these students were from an underrepresented racial-ethnic group, and 37% were women. Those who complete their doctor's degree in economics at Massachusetts Institute of Technology make a median salary of 87,415.
The 15th most popular school in the country for economics majors who are seeking their doctor's degree is Yale University. Each year, around 12,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $64,700 per year, while in-state graduate students, on average, pay $48,300 per year. During the most recent year for which we have data, 20 people received their doctor's degree in economics from Yale. Yale University economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
Princeton University comes in at #15 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 7,800 attend the school each year. The average in-state tuition for full-time undergraduates is $59,710 per year, while in-state graduate students, on average, pay $59,710 per year. During the most recent year for which we have data, 20 people received their doctor's degree in economics from Princeton. About 24% of this group were women, and 10% were students from an underrepresented racial-ethnic group. Data shows that Princeton graduates that hold this degree go on to make a median salary of $87,415.
The 17th most popular school in the country for economics majors who are seeking their doctor's degree is Northwestern University. Roughly 22,600 attend the school each year. The average in-state tuition for full-time undergraduates is $64,887 per year, while in-state graduate students, on average, pay $52,698 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Northwestern. Around 7% of these students were from an underrepresented racial-ethnic group, and 26% were women. Data shows that Northwestern graduates that hold this degree go on to make a median salary of $87,415.
Michigan State University comes in at #17 on our list of the most popular colleges offering doctor's degrees in economics. Each year, around 49,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,930 per year, while in-state graduate students, on average, pay $20,808 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Michigan State. About 43% of this group were women, and 3% were students from an underrepresented racial-ethnic group. Those who complete their doctor's degree in economics at Michigan State University make a median salary of 87,415.
Cornell University comes in at #17 on our list of the most popular colleges offering doctor's degrees in economics. Roughly 23,600 attend the school each year. The average in-state tuition for full-time undergraduates is $65,204 per year, while in-state graduate students, on average, pay $29,500 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Cornell. Cornell University economics graduates who receive their doctor's degree go on to jobs earning a median salary of $87,415.
The 20th most popular school in the country for economics majors who are seeking their doctor's degree is Claremont Graduate University. Each year, around 1,900 students seeking various degrees attend the university. During the most recent year for which we have data, 18 people received their doctor's degree in economics from Claremont Graduate University. Of these students, 47% were women and 7% were members of underrepresented racial-ethnic groups. Data shows that Claremont Graduate University graduates that hold this degree go on to make a median salary of $87,415.
Related Programs
Learn about other programs related to Economics that might interest you.
If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.
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Related Majors
Below are some popular majors that are similar to economics that offer doctor’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Political Science & Government | 737 |
| Sociology | 602 |
| Anthropology | 472 |
| Geography & Cartography | 199 |
| International Relations & Security | 94 |
References
*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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