Economics Doctor’s Degrees
There are 826 schools in the United States where you can earn adoctor’s degree in Economics. In recent years, the majority of students earning degrees in this area were men, and about13% were students from underrepresented racial-ethnic groups. Also, 66.5% of Economics graduates were international students.
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Education Levels of Economics Majors
During the most recent year for which data is available, 45,628 people earned theirEconomics majors across all award levels. The following table shows the number of diplomas awarded in Economics at each degree level.
| Education Level | Number of Grads |
|---|---|
| Certificate | 1 |
| Associate’s Degree | 4,406 |
| Bachelor’s Degree | 34,393 |
| Master’s Degree | 5,419 |
| Doctor’s Degree (this page) | 1,409 |
Earnings of Economics Majors With Doctor’s Degrees (All Award Levels)
The U.S. Department of Education reports a median salary for graduates with adoctor’s degree in Economics of $74,609 four years after graduation. These figures are reported program-wide, across all award levels.
However, this can depend on a number of factors, such as where you live and the number of years of experience you have.
| Years After Graduation | Median Earnings |
|---|---|
| 1 year | $56,270 |
| 4 years | $74,609 |
| 5 years | $87,950 |
Source: U.S. Department of Education College Scorecard, field-of-study earnings tracker (program-wide, all award levels).
Student Debt (All Award Levels)
The data on debt ranges for Economics majors who have their doctor’s degree is not currently available.
Student Diversity
This degree is more popular with male students. About 65.0% of graduates in this field are men.
| Gender | Number of Grads |
|---|---|
| Men | 915 |
| Women | 493 |
The racial-ethnic distribution of Economics graduates is as follows:
| Race / Ethnicity | Number of Grads | Share |
|---|---|---|
| White | 288 | 20.5% |
| Asian | 79 | 5.6% |
| Hispanic or Latino | 43 | 3.1% |
| Black or African American | 16 | 1.1% |
| American Indian / Alaska Native | 1 | 0.1% |
| Native Hawaiian / Pacific Islander | 1 | 0.1% |
| Two or More Races | 19 | 1.3% |
| Race Unknown | 25 | 1.8% |
| International Students | 936 | 66.5% |
This degree is very popular with international students. Around 66.5% of graduates are in this category.
See the minority definition in the References below.
Most Popular Economics Programs for Doctor’s Degrees
There are 937 colleges that offer a doctor’s degree in Economics. Learn more about the most popular below:
The most popular school in the United States for Economics students seeking a doctor's degree is University of California-Los Angeles. During the most recent year for which we have data, 1,017 people received their doctor's degree in Economics from this school. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
University of Michigan-Ann Arbor is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 838 people received their doctor's degree in Economics from this school. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
University of Chicago is a popular choice for Economics majors seeking their doctor's degree. This school awarded 828 doctor's degrees in Economics in the most recent reporting year. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
University of Wisconsin-Madison is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 804 people received their doctor's degree in Economics from this school. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
New York University comes in at #5 on our list of the most popular colleges offering doctor's degrees in Economics. This school awarded 774 doctor's degrees in Economics in the most recent reporting year. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
University of California-Santa Barbara is a popular choice for Economics majors seeking their doctor's degree. This school awarded 729 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
University of California-Berkeley is a popular choice for Economics majors seeking their doctor's degree. This school awarded 707 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
Johns Hopkins University comes in at #8 on our list of the most popular colleges offering doctor's degrees in Economics. During the most recent year for which we have data, 645 people received their doctor's degree in Economics from this school. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
Columbia University in the City of New York comes in at #9 on our list of the most popular colleges offering doctor's degrees in Economics. This school awarded 528 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
University of California-Davis is a popular choice for Economics majors seeking their doctor's degree. This school awarded 487 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
University of North Carolina at Chapel Hill is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 486 people received their doctor's degree in Economics from this school. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
Texas A&M University-College Station is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 483 people received their doctor's degree in Economics from this school. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
University of Connecticut is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 471 people received their doctor's degree in Economics from this school. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
Boston College is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 460 people received their doctor's degree in Economics from this school. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
University of Illinois Urbana-Champaign comes in at #15 on our list of the most popular colleges offering doctor's degrees in Economics. This school awarded 444 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
University of Massachusetts-Amherst comes in at #16 on our list of the most popular colleges offering doctor's degrees in Economics. This school awarded 442 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
The University of Texas at Austin is a popular choice for Economics majors seeking their doctor's degree. This school awarded 440 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
Harvard University is a popular choice for Economics majors seeking their doctor's degree. This school awarded 423 doctor's degrees in Economics in the most recent reporting year. Graduates who complete their doctor's degree in Economics here go on to a median salary of $40,669.
University of California-Irvine is a popular choice for Economics majors seeking their doctor's degree. This school awarded 412 doctor's degrees in Economics in the most recent reporting year. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
Northwestern University is a popular choice for Economics majors seeking their doctor's degree. During the most recent year for which we have data, 404 people received their doctor's degree in Economics from this school. Data shows that graduates who hold this degree go on to make a median salary of $40,669.
Economics Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| Econometrics and Quantitative Economics | 22,727 |
| Economics, General | 21,627 |
| Development Economics and International Development | 375 |
| Applied Economics | 368 |
| International Economics | 281 |
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Related Majors
Below are some popular majors similar to Economics that also offer doctor’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Political Science and Government | 44,942 |
| Sociology | 31,380 |
| Social Sciences, General | 17,510 |
| International Relations and National Security Studies | 13,035 |
| Anthropology | 10,768 |
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 to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics (IPEDS)
- O*NET Online
- U.S. Bureau of Labor Statistics
- U.S. Department of Education College Scorecard
More about our data sources and methodologies.
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