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Economics in Michigan

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Economics Schools in Michigan

231 Economics students earned their degrees in the state in 2020-2021.

In this state, Economics is the 34th most popular major out of a total 242 majors commonly available.

Education Levels of Economics Majors in Michigan

Economics majors in the state tend to have the following degree levels:

Education Level Number of Grads
Master’s Degree 186
Doctor’s Degree (Research / Scholarship) 42
Doctor’s Degree (Professional Practice) 42
Doctor’s Degree (Other) 42
Post-Master’s Certificate 3
Postbaccalaureate Certificate 3

Gender Distribution

In Michigan, a economics major is more popular with men than with women.

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Racial Distribution

The racial distribution of economics majors in Michigan is as follows:

  • Asian: 3.0%
  • Black or African American: 5.6%
  • Hispanic or Latino: 1.3%
  • White: 27.3%
  • Non-Resident Alien: 59.3%
  • Other Races: 3.5%
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Jobs for Economics Grads in Michigan

In this state, there are 26,140 people employed in jobs related to an economics degree, compared to 1,144,130 nationwide.

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Wages for Economics Jobs in Michigan

In this state, economics grads earn an average of $90,040. Nationwide, they make an average of $115,590.

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There are 9 colleges in Michigan that offer economics degrees. Learn about the most popular 9 below:

110 Degrees in Major Awarded
92% Graduation Rate
47,907 Total Students

Of all the teachers who work at the school, 83% are considered full time. The average student takes 4.16 years to complete their degree at U-M. Roughly six years after entering college, graduates of this school earn $62,027 a year.

36 Degrees in Major Awarded
80% Graduation Rate
49,695 Total Students

Students enjoy a student to faculty ratio of 16 to 1. Roughly six years after entering college, graduates of this school earn $50,137 a year. The student loan default rate of 2.60% is a good sign that graduates can afford their loan payments.

18 Degrees in Major Awarded
65% Graduation Rate
4,987 Total Students

In their early career, Detroit Mercy grads earn an average salary of $56,293. 100% of the teachers are full time. Most students complete their degree in 4.28 years.

#4

Andrews University

Berrien Springs
17 Degrees in Major Awarded
63% Graduation Rate
3,162 Total Students

The average student takes 4.45 years to complete their degree at Andrews. Students who attend this private institution pay an average net price of $23,408. 100% of the teachers are full time.

14 Degrees in Major Awarded
47% Graduation Rate
26,241 Total Students

Of all the teachers who work at the school, 60% are considered full time. The student loan default rate is 5.10% which is lower than average. 15 to 1 is the student to faculty ratio.

13 Degrees in Major Awarded
53% Graduation Rate
19,887 Total Students

Of all the teachers who work at the school, 69% are considered full time. Seeking financial aid? At this school, 82% of students receive it. A typical student attending WMU will pay a net price of $20,371.

#7

Central Michigan University

Mount Pleasant
12 Degrees in Major Awarded
62% Graduation Rate
17,311 Total Students

The student to faculty ratio is 18 to 1. In their early career, Central Michigan grads earn an average salary of $42,092. Most students complete their degree in 4.65 years.

10 Degrees in Major Awarded
45% Graduation Rate
16,294 Total Students

Of all the teachers who work at the school, 99% are considered full time. 95% of students get financical aid. In their early career, Eastern Michigan grads earn an average salary of $39,128.

1 Degrees in Major Awarded
68% Graduation Rate
6,873 Total Students

It takes the average student 4.66 years to graduate. The student loan default rate is 1.90% which is lower than average. The student to faculty ratio is 13 to 1.

Economics Careers in MI

Some of the careers economics majors go into include:

Job Title MI Job Growth MI Median Salary
Market Research Analysts and Marketing Specialists 24% $61,280
Economics Professors 9% $103,650
Economists 8% $80,990
Survey Researchers 8% $55,840
Managers 7% $95,390

Below are some popular majors in the state that are similar to economics.

Major Annual Graduates in MI
Political Science & Government 53
Anthropology 43
Geography & Cartography 42
Sociology 35
Criminology 16
Other Social Sciences 10
General Social Sciences 6
Archeology 3

View all majors related to Economics

View Nationwide Economics Report

References

More about our data sources and methodologies.

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