Doctor’s Degrees in Economics
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Education Levels of Economics Majors
During the 2020-2021 academic year, 1,248 students 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 | 4,803 |
| Doctor’s Degree | 1,248 |
| Graduate Certificate | 122 |
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 67.1% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 838 |
| Women | 410 |
The racial-ethnic distribution of economics doctor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 63 |
| Black or African American | 13 |
| Hispanic or Latino | 31 |
| White | 285 |
| International Students | 807 |
| Other Races/Ethnicities | 49 |
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:
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 $51,143 per year, while in-state graduate students, on average, pay $50,928 per year. The economics program at Harvard University awarded 43 doctor's degrees during the 2020-2021 school year. Of these students, 44% were women and 23% were members of underrepresented racial-ethnic groups.
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 $59,256 per year, while in-state graduate students, on average, pay $62,640 per year. The economics program at University of Chicago awarded 43 doctor's degrees during the 2020-2021 school year. About 19% of this group were women, and 12% were students from an underrepresented racial-ethnic group.
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 $13,532 per year, while in-state graduate students, on average, pay $17,844 per year. During the 2020-2021 academic year, 39 people received their doctor's degree in economics from UMN Twin Cities. About 21% of this group were women, and 13% 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 $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. The economics program at University of California - Berkeley awarded 38 doctor's degrees during the 2020-2021 school year. About 37% of this group were women, and 13% 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 2020-2021 academic year, 31 people received their doctor's degree in economics from UW - Madison. Of these students, 39% were women and 3% were members of underrepresented racial-ethnic groups.
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 $54,652 per year, while in-state graduate students, on average, pay $38,732 per year. For the 2020-2021 academic year, 27 doctor's degrees were handed out to economics majors at UPenn.
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 $59,450 per year, while in-state graduate students, on average, pay $50,496 per year. During the 2020-2021 academic year, 26 people received their doctor's degree in economics from Columbia. Around 4% of these students were from an underrepresented racial-ethnic group, and 46% were women.
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 $55,473 per year, while in-state graduate students, on average, pay $54,315 per year. During the 2020-2021 academic year, 25 people received their doctor's degree in economics from Stanford. About 20% of this group were women, and 12% were students from an underrepresented racial-ethnic group.
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 $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. The economics program at University of California - Davis awarded 25 doctor's degrees during the 2020-2021 school year.
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 $53,770 per year, while in-state graduate students, on average, pay $35,982 per year. The economics program at New York University awarded 24 doctor's degrees during the 2020-2021 school year. Of these students, 29% were women and 4% 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 $9,000 per year, while in-state graduate students, on average, pay $15,360 per year. During the 2020-2021 academic year, 23 people received their doctor's degree in economics from UMCP. Around 13% of these students were from an underrepresented racial-ethnic group, and 35% 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 $14,446 per year, while in-state graduate students, on average, pay $14,635 per year. During the 2020-2021 academic year, 22 people received their doctor's degree in economics from UIUC. Of these students, 41% were women and 9% 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 $58,560 per year, while in-state graduate students, on average, pay $58,560 per year. For the 2020-2021 academic year, 22 doctor's degrees were handed out to economics majors at Boston U. Of these students, 41% were women and 9% 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 Massachusetts Institute of Technology. Roughly 11,200 attend the school each year. The average in-state tuition for full-time undergraduates is $55,510 per year, while in-state graduate students, on average, pay $55,510 per year. For the 2020-2021 academic year, 22 doctor's degrees were handed out to economics majors at MIT. Of these students, 27% were women and 14% were members of underrepresented racial-ethnic groups.
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 $59,950 per year, while in-state graduate students, on average, pay $45,700 per year. For the 2020-2021 academic year, 20 doctor's degrees were handed out to economics majors at Yale. Around 5% of these students were from an underrepresented racial-ethnic group, and 15% were women.
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 $56,010 per year, while in-state graduate students, on average, pay $56,010 per year. During the 2020-2021 academic year, 20 people received their doctor's degree in economics from Princeton. Around 20% of these students were from an underrepresented racial-ethnic group, and 25% were women.
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 $15,966 per year, while in-state graduate students, on average, pay $19,714 per year. The economics program at Michigan State University awarded 19 doctor's degrees during the 2020-2021 school year.
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 $60,276 per year, while in-state graduate students, on average, pay $56,067 per year. For the 2020-2021 academic year, 19 doctor's degrees were handed out to economics majors at Northwestern. Around 16% of these students were from an underrepresented racial-ethnic group, and 21% 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 $60,286 per year, while in-state graduate students, on average, pay $29,500 per year. The economics program at Cornell University awarded 19 doctor's degrees during the 2020-2021 school year. Around 16% of these students were from an underrepresented racial-ethnic group, and 63% were women.
The 20th most popular school in the country for economics majors who are seeking their doctor's degree is Georgia State University. Each year, around 36,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,158 per year, while in-state graduate students, on average, pay $7,164 per year. During the 2020-2021 academic year, 18 people received their doctor's degree in economics from Georgia State. Around 22% of these students were from an underrepresented racial-ethnic group, and 44% were women.
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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 |
|---|---|
| Sociology | 3,487 |
| Political Science & Government | 654 |
| Anthropology | 469 |
| Geography & Cartography | 249 |
| Other Social Sciences | 108 |
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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