Economics Master’s Degrees
A master’s degree in Economics is offered at 826 colleges in the United States, where you can earn amaster’s degree in Economics. In recent years, the majority of students earning degrees in this area were men, and about16% were students from underrepresented racial-ethnic groups. Also, 61.6% 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 (this page) | 5,419 |
| Doctor’s Degree | 1,409 |
Earnings of Economics Majors With Master’s Degrees (All Award Levels)
The median salary for graduates holding amaster’s degree in Economics of $74,609 four years after graduation. These figures are reported program-wide, across all award levels.
A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses.
| 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)
We do not have the data to estimate the median debt for graduates with this degree.
Student Diversity
More men than women pursue master’s degrees in Economics. About 56.3% of graduates in this field are men.
| Gender | Number of Grads |
|---|---|
| Men | 2,799 |
| Women | 2,170 |
The racial-ethnic distribution of Economics graduates is as follows:
| Race / Ethnicity | Number of Grads | Share |
|---|---|---|
| White | 1,134 | 22.8% |
| Asian | 251 | 5.1% |
| Hispanic or Latino | 241 | 4.9% |
| Black or African American | 114 | 2.3% |
| American Indian / Alaska Native | 2 | 0.0% |
| Native Hawaiian / Pacific Islander | 6 | 0.1% |
| Two or More Races | 82 | 1.7% |
| Race Unknown | 78 | 1.6% |
| International Students | 3,061 | 61.6% |
This degree is very popular with international students. Around 61.6% of graduates are in this category.
See the minority definition in the References below.
Most Popular Economics Programs for Master’s Degrees
There are 937 colleges that offer a master’s degree in Economics. Learn more about the most popular below:
University of California-Los Angeles tops the list of the most popular schools in the U.S. for Economics majors seeking their master's degree. This school awarded 1,017 master'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 Michigan-Ann Arbor is a popular choice for Economics majors seeking their master's degree. This school awarded 838 master'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 Chicago is a popular choice for Economics majors seeking their master's degree. During the most recent year for which we have data, 828 people received their master'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 Wisconsin-Madison is a popular choice for Economics majors seeking their master's degree. This school awarded 804 master'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.
New York University comes in at #5 on our list of the most popular colleges offering master's degrees in Economics. During the most recent year for which we have data, 774 people received their master'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 California-Santa Barbara is a popular choice for Economics majors seeking their master's degree. During the most recent year for which we have data, 729 people received their master'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 California-Berkeley is a popular choice for Economics majors seeking their master's degree. This school awarded 707 master'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 master's degrees in Economics. This school awarded 645 master'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.
Columbia University in the City of New York is a popular choice for Economics majors seeking their master's degree. This school awarded 528 master'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 master's degree. During the most recent year for which we have data, 487 people received their master'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 North Carolina at Chapel Hill is a popular choice for Economics majors seeking their master's degree. This school awarded 486 master'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.
Texas A&M University-College Station is a popular choice for Economics majors seeking their master's degree. During the most recent year for which we have data, 483 people received their master's degree in Economics from this school. Graduates who complete their master's degree in Economics here go on to a median salary of $40,669.
University of Connecticut is a popular choice for Economics majors seeking their master's degree. This school awarded 471 master'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.
Boston College is a popular choice for Economics majors seeking their master's degree. This school awarded 460 master's degrees in Economics in the most recent reporting year. Graduates who complete their master's degree in Economics here go on to a median salary of $40,669.
University of Illinois Urbana-Champaign is a popular choice for Economics majors seeking their master's degree. This school awarded 444 master'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 master's degrees in Economics. This school awarded 442 master's degrees in Economics in the most recent reporting year. Graduates who complete their master's degree in Economics here go on to a median salary of $40,669.
The University of Texas at Austin is a popular choice for Economics majors seeking their master's degree. During the most recent year for which we have data, 440 people received their master'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.
Harvard University comes in at #18 on our list of the most popular colleges offering master's degrees in Economics. During the most recent year for which we have data, 423 people received their master'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 California-Irvine is a popular choice for Economics majors seeking their master's degree. During the most recent year for which we have data, 412 people received their master's degree in Economics from this school. Graduates who complete their master's degree in Economics here go on to a median salary of $40,669.
Northwestern University is a popular choice for Economics majors seeking their master's degree. This school awarded 404 master's degrees in Economics in the most recent reporting year. Graduates who complete their master's degree in Economics here go on to 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 master’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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