Doctor’s Degrees in Economics
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Education Levels of Economics Majors
During the most recent year for which data is available, 1,395 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 | 4,686 |
| Doctor’s Degree | 1,395 |
| Graduate Certificate | 165 |
Earnings of Economics Majors With Doctor’s Degrees
The median salary for graduates holding a doctor's degree in economics is $99,068. 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 $99,068 and the high is $99,068.
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 65.2% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 909 |
| Women | 486 |
The racial-ethnic distribution of economics doctor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 79 |
| Black or African American | 22 |
| Hispanic or Latino | 32 |
| White | 336 |
| International Students | 868 |
| Other Races/Ethnicities | 58 |
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 $61,179 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. About 38% of this group were women, and 12% were students from an underrepresented racial-ethnic group.
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 $52,659 per year, while in-state graduate students, on average, pay $52,456 per year. During the most recent year for which we have data, 43 people received their doctor's degree in economics from Harvard. Of these students, 43% were women and 23% were members of underrepresented racial-ethnic groups.
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 $14,006 per year, while in-state graduate students, on average, pay $18,468 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. About 36% of this group were women, and 14% were students from an underrepresented racial-ethnic group.
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 $11,564 per year, while in-state graduate students, on average, pay $11,700 per year. During the most recent year for which we have data, 38 people received their doctor's degree in economics from UC Berkeley. About 37% of this group were women, and 10% were students from an underrepresented racial-ethnic group.
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 $9,273 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. About 42% of this group were women, and 8% were students from an underrepresented racial-ethnic group.
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 $56,212 per year, while in-state graduate students, on average, pay $39,838 per year. During the most recent year for which we have data, 27 people received their doctor's degree in economics from UPenn. About 32% of this group were women, and 23% were students from an underrepresented racial-ethnic group.
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 $61,989 per year, while in-state graduate students, on average, pay $52,016 per year. During the most recent year for which we have data, 26 people received their doctor's degree in economics from Columbia. Around 19% of these students were from an underrepresented racial-ethnic group, and 33% were women.
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 $11,564 per year, while in-state graduate students, on average, pay $11,700 per year. During the most recent year for which we have data, 25 people received their doctor's degree in economics from UC Davis. About 41% of this group were women, and 7% were students from an underrepresented racial-ethnic group.
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 $57,693 per year, while in-state graduate students, on average, pay $56,487 per year. During the most recent year for which we have data, 25 people received their doctor's degree in economics from Stanford. Around 8% of these students were from an underrepresented racial-ethnic group, and 38% were women.
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 $55,384 per year, while in-state graduate students, on average, pay $37,332 per year. During the most recent year for which we have data, 24 people received their doctor's degree in economics from NYU. Of these students, 28% were women and 17% were members of underrepresented racial-ethnic groups.
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 $9,695 per year, while in-state graduate students, on average, pay $16,238 per year. During the most recent year for which we have data, 23 people received their doctor's degree in economics from UMCP. Around 11% of these students were from an underrepresented racial-ethnic group, and 58% were women.
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 $14,542 per year, while in-state graduate students, on average, pay $14,891 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from UIUC. Of these students, 42% were women and 13% were members of underrepresented racial-ethnic groups.
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 $61,050 per year, while in-state graduate students, on average, pay $61,050 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from Boston U.
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 $57,590 per year, while in-state graduate students, on average, pay $57,590 per year. During the most recent year for which we have data, 22 people received their doctor's degree in economics from MIT. Around 26% of these students were from an underrepresented racial-ethnic group, and 13% were women.
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 $62,250 per year, while in-state graduate students, on average, pay $46,900 per year. During the most recent year for which we have data, 20 people received their doctor's degree in economics from Yale.
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 $57,410 per year, while in-state graduate students, on average, pay $57,410 per year. During the most recent year for which we have data, 20 people received their doctor's degree in economics from Princeton. Around 8% of these students were from an underrepresented racial-ethnic group, and 17% were women.
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 $62,391 per year, while in-state graduate students, on average, pay $51,869 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Northwestern. Of these students, 19% were women and 10% were members of underrepresented racial-ethnic groups.
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 $16,437 per year, while in-state graduate students, on average, pay $20,202 per year. During the most recent year for which we have data, 19 people received their doctor's degree in economics from Michigan State. Around 10% of these students were from an underrepresented racial-ethnic group, and 48% were women.
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 $62,456 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. About 35% of this group were women, and 8% were students from an underrepresented racial-ethnic group.
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. About 50% of this group were women, and 17% were students from an underrepresented racial-ethnic group.
Economics Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| 1,095 | |
| 264 | |
| 18 | |
| 11 | |
| 7 |
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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 |
|---|---|
| 731 | |
| 607 | |
| 503 | |
| 239 | |
| 92 |
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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