Master’s Degrees in Economics
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Education Levels of Economics Majors
During the 2020-2021 academic year, 4,803 students earned their master's degree in economics. This earns it the #41 spot on the list of the most popular master's degree programs in the nation.
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 Master’s Degrees
The median salary for graduates holding a master's degree in economics is $63,388. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses. To get a better picture, earnings for this category of people can range from a low of $54,481 to a high of $71,966.
Student Debt
We do not have the data to estimate the median debt for this class of people.
Student Diversity
More men than women pursue master's degrees in economics. About 57.3% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 2,754 |
| Women | 2,049 |
The racial-ethnic distribution of economics master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 252 |
| Black or African American | 139 |
| Hispanic or Latino | 240 |
| White | 1,312 |
| International Students | 2,685 |
| Other Races/Ethnicities | 175 |
Most Popular Economics Programs for Master’s Degrees
There are 237 colleges that offer a master’s degree in economics. Learn more about the most popular 20 below:
Johns Hopkins University tops the list of the most popular school in the U.S. for economics majors who are seeking their master's degree. Roughly 28,800 attend the school each year. The average in-state tuition for full-time undergraduates is $58,720 per year, while in-state graduate students, on average, pay $58,720 per year. For the 2020-2021 academic year, 292 master's degrees were handed out to economics majors at Johns Hopkins. Around 12% of these students were from an underrepresented racial-ethnic group, and 45% were women.
University of Wisconsin - Madison is the 2nd most popular school in the nation for students seeking a master's degree in economics. Each year, around 44,600 students seeking various degrees attend the university. 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, 209 people received their master's degree in economics from UW - Madison. Of these students, 48% were women and 3% were members of underrepresented racial-ethnic groups.
Brandeis University is the 3rd most popular school in the nation for students seeking a master's degree in economics. Each year, around 5,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,408 per year, while in-state graduate students, on average, pay $53,498 per year. During the 2020-2021 academic year, 163 people received their master's degree in economics from Brandeis. About 57% of this group were women, and 26% were students from an underrepresented racial-ethnic group.
Boston University is the 4th most popular school in the nation for students seeking a master's degree in economics. Each year, around 32,700 students seeking various degrees attend the university. 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. During the 2020-2021 academic year, 149 people received their master's degree in economics from Boston U. About 56% of this group were women, and 3% were students from an underrepresented racial-ethnic group.
Columbia University in the City of New York is the 5th most popular school in the nation for students seeking a master's degree in economics. Each year, around 30,100 students seeking various degrees attend the university. 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. For the 2020-2021 academic year, 131 master's degrees were handed out to economics majors at Columbia. About 48% of this group were women, and 11% were students from an underrepresented racial-ethnic group.
University of Southern California is the 6th most popular school in the nation for students seeking a master's degree in economics. Roughly 46,200 attend the school each year. The average in-state tuition for full-time undergraduates is $60,446 per year, while in-state graduate students, on average, pay $60,446 per year. During the 2020-2021 academic year, 118 people received their master's degree in economics from USC. About 56% of this group were women, and 6% were students from an underrepresented racial-ethnic group.
Georgetown University comes in at #7 on our list of the most popular colleges offering master's degrees in economics. Each year, around 19,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,784 per year, while in-state graduate students, on average, pay $54,672 per year. The economics program at Georgetown University awarded 105 master's degrees during the 2020-2021 school year. About 58% of this group were women, and 12% were students from an underrepresented racial-ethnic group.
The 8th most popular school in the country for economics majors who are seeking their master's degree is Texas A&M University - College Station. Roughly 70,400 attend the school each year. The average in-state tuition for full-time undergraduates is $8,578 per year, while in-state graduate students, on average, pay $6,885 per year. During the 2020-2021 academic year, 99 people received their master's degree in economics from Texas A&M College Station. Of these students, 36% were women and 11% were members of underrepresented racial-ethnic groups.
University of Illinois at Urbana-Champaign is the 9th most popular school in the nation for students seeking a master's degree in economics. Roughly 52,600 attend the school each year. 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. The economics program at University of Illinois at Urbana-Champaign awarded 98 master's degrees during the 2020-2021 school year. Of these students, 48% were women and 3% were members of underrepresented racial-ethnic groups.
The 10th most popular school in the country for economics majors who are seeking their master's degree is University of Michigan - Ann Arbor. Roughly 47,900 attend the school each year. The average in-state tuition for full-time undergraduates is $16,865 per year, while in-state graduate students, on average, pay $24,902 per year. For the 2020-2021 academic year, 93 master's degrees were handed out to economics majors at U-M. About 43% of this group were women, and 5% were students from an underrepresented racial-ethnic group.
New York University comes in at #11 on our list of the most popular colleges offering master's degrees in economics. Roughly 52,700 attend the school each year. 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. For the 2020-2021 academic year, 87 master's degrees were handed out to economics majors at NYU. About 41% of this group were women, and 5% were students from an underrepresented racial-ethnic group.
The 12th most popular school in the country for economics majors who are seeking their master's degree is Duke University. Each year, around 16,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,085 per year, while in-state graduate students, on average, pay $57,900 per year. For the 2020-2021 academic year, 78 master's degrees were handed out to economics majors at Duke. Around 3% of these students were from an underrepresented racial-ethnic group, and 42% were women.
University of California - Los Angeles is the 13th most popular school in the nation for students seeking a master's degree in economics. Each year, around 44,500 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. During the 2020-2021 academic year, 72 people received their master's degree in economics from UCLA. Around 8% of these students were from an underrepresented racial-ethnic group, and 49% were women.
Harvard University is the 14th most popular school in the nation for students seeking a master's degree in economics. Each year, around 30,300 students seeking various degrees attend the university. 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. During the 2020-2021 academic year, 70 people received their master's degree in economics from Harvard. Of these students, 37% were women and 26% were members of underrepresented racial-ethnic groups.
The 15th most popular school in the country for economics majors who are seeking their master's degree is George Washington University. Each year, around 27,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $57,894 per year, while in-state graduate students, on average, pay $32,850 per year. During the 2020-2021 academic year, 69 people received their master's degree in economics from GWU. About 49% of this group were women, and 9% were students from an underrepresented racial-ethnic group.
George Mason University is the 16th most popular school in the nation for students seeking a master's degree in economics. Roughly 38,500 attend the school each year. The average in-state tuition for full-time undergraduates is $9,510 per year, while in-state graduate students, on average, pay $13,035 per year. The economics program at George Mason University awarded 68 master's degrees during the 2020-2021 school year. Around 25% of these students were from an underrepresented racial-ethnic group, and 28% were women.
The 16th most popular school in the country for economics majors who are seeking their master's degree is University of Chicago. Each year, around 17,800 students seeking various degrees attend the university. 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 68 master's degrees during the 2020-2021 school year. About 43% of this group were women, and 4% were students from an underrepresented racial-ethnic group.
Boston College is the 18th most popular school in the nation for students seeking a master's degree in economics. Each year, around 14,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $60,530 per year, while in-state graduate students, on average, pay $32,616 per year. The economics program at Boston College awarded 67 master's degrees during the 2020-2021 school year. Around 9% of these students were from an underrepresented racial-ethnic group, and 40% were women.
The University of Texas at Austin is the 19th most popular school in the nation for students seeking a master's degree in economics. Roughly 50,400 attend the school each year. The average in-state tuition for full-time undergraduates is $11,752 per year, while in-state graduate students, on average, pay $12,050 per year. During the 2020-2021 academic year, 65 people received their master's degree in economics from UT Austin. Of these students, 40% were women and 11% were members of underrepresented racial-ethnic groups.
Northeastern University is the 20th most popular school in the nation for students seeking a master's degree in economics. Each year, around 22,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $56,500 per year, while in-state graduate students, on average, pay $25,801 per year. For the 2020-2021 academic year, 59 master's degrees were handed out to economics majors at Northeastern. Of these students, 49% were women and 7% were members of underrepresented racial-ethnic groups.
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Related Majors
Below are some popular majors that are similar to economics that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| International Relations & Security | 4,426 |
| Political Science & Government | 1,936 |
| Sociology | 1,298 |
| Geography & Cartography | 1,076 |
| Anthropology | 941 |
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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