2023 Best Value Economics Master's Degree Schools in the Great Lakes Region
Identifying Quality Schools at More Affordable Prices
Finding the Best Economics Master's Degree School for You
Out of all the majors we analyze each year, economics was ranked #42 in the country. In fact 6,173 degrees and certificates were handed out in 2020-2021.
There are lots of options to pick from today when trying to decide which program is right for you. As online education oppotunities continue to grow, you're not restricted to just schools in your local area anymore. Even some of the 'big name' schools are offering online courses. Also, there are a number of trade schools with offerings that you might find attractive.
To help you arm yourself with the information you need to make your decision, Grad Degree Search has developed this Best Value Economics Master's Degree Schools in the Great Lakes Region ranking. Our analysis looked at 34 schools in the Great Lakes Region to see which master's degree programs offered the best value experiences for economics students with the aim of identifying those quality schools that are more affordable than some of their counterparts.
When determining this ranking, we place a high emphasis on the school's quality as well as its sticker price. Even though a college may be affordable, it may not offer value. More specifically, we discount our quality score by the published tuition and fees charged by a school. This gives the cost per unit of quality for each college. The value is determined by how much quality your dollar buys.
Our calculations use out-of-state tuition and fees in our nationwide and regional rankings. Average in-state tuition and fees are used for our statewide rankings.
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2023 Best Value Economics Master’s Degree Schools in the Great Lakes Region
The following schools top our list of the Best Value Economics Master's Degree Colleges.
Top 10 Best Economics Master's Degree Schools
Our analysis found Youngstown State University to be the best value school for economics students who want to pursue a master’s degree in the Great Lakes Region . Located in the city of Youngstown, Youngstown State University is a public school with a fairly large student population.
The average tuition and fees for an out-of-state graduate students at Youngstown State University are $6,931 a year.
The excellent master’s degree programs at Illinois State University helped the school earn the #2 place on this year’s ranking of the best value economics schools in the Great Lakes Region . Illinois State is a very large public school located in the suburb of Normal.
Out-of-state tuition fees for graduate students at Illinois State are $11,773 per year.
As a testament to the quality of education it offers, Illinois State also is in the top 20% of our Best Economics Master’s Degree Schools in the Great Lakes Region ranking.
Out of the 34 schools in the Great Lakes Region that were part of this year’s ranking, Valparaiso University landed the # 3 spot on the list. Valpo is a small private not-for-profit school located in the large suburb of Valparaiso.
Valpo graduate students pay an average of $12,220 in tuition and fees each year.
The excellent master’s degree programs at Western Illinois University helped the school earn the #4 place on this year’s ranking of the best value economics schools in the Great Lakes Region . Located in the town of Macomb, WIU is a public school with a medium-sized student population.
Out-of-state tuition fees for graduate students at WIU are $12,182 per year.
The excellent master’s degree programs at Northern Illinois University helped the school earn the #5 place on this year’s ranking of the best value economics schools in the Great Lakes Region . NIU is a fairly large public school located in the suburb of Dekalb.
NIU graduate students pay an average of $11,390 in tuition and fees each year.
Read full report on Economics at Northern Illinois University
Marquette University landed the #6 spot in the 2023 rankings for the best value master’s degree economics programs. Marquette is a fairly large private not-for-profit school located in the large city of Milwaukee.
Out-of-state tuition fees for graduate students at Marquette are $21,960 per year.
Marquette also claimed a spot on our Best Economics Master’s Degree Schools in the Great Lakes Region list. It’s in the top 10% of all schools in this category.
University of Wisconsin - Madison landed the #7 spot in the 2023 rankings for the best value master’s degree economics programs. Located in the city of Madison, UW - Madison is a public college with a fairly large student population.
Out-of-state tuition fees for graduate students at UW - Madison are $25,501 per year.
On top of its placing in our value ranking, UW - Madison also did well on our Best Economics Master’s Degree Schools in the Great Lakes Region list. It’s in the top 5% of all schools reviewed in this analysis.
With a ranking of #8, Central Michigan University did quite well on this year’s best value schools for economics students working on their master’s degree. Central Michigan is a fairly large public school located in the distant town of Mount Pleasant.
Out-of-state tuition fees for graduate students at Central Michigan are $15,644 per year.
Read full report on Economics at Central Michigan University
Bowling Green State University - Main Campus came in at #9 in this year’s edition of the Best Value Economics Master’s Degree Schools in the Great Lakes Region ranking. BGSU is a fairly large public school located in the town of Bowling Green.
Out-of-state tuition fees for graduate students at BGSU are $15,823 per year.
Full Economics at Bowling Green State University - Main Campus Report
Purdue University - Main Campus came in at #10 in this year’s edition of the Best Value Economics Master’s Degree Schools in the Great Lakes Region ranking. Located in the small city of West Lafayette, Purdue is a public college with a very large student population.
Purdue graduate students pay an average of $28,794 in tuition and fees each year.
In addition to its great value ranking, Purdue is in the top 10% of all schools on our Best Economics Master’s Degree Schools in the Great Lakes Region list.
Best Economics Colleges by State
Explore the best economics colleges for a specific state in the Great Lakes region.
| State | Degrees Awarded |
|---|---|
| Michigan | 231 |
| Illinois | 384 |
| Ohio | 199 |
| Indiana | 97 |
| Wisconsin | 265 |
More Economics Rankings in the Great Lakes Region
Economics Related Majors for Economics
Economics is one of 12 different types of programs to choose from.
Most Popular Majors Related to Economics
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 5,010 |
| Political Science & Government | 2,664 |
| Geography & Cartography | 2,315 |
| Sociology | 1,907 |
| Anthropology | 1,446 |
Notes and References
*These averages are for the top 25 schools only.
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Credit for the banner image above goes to pixabay.
More about our data sources and methodologies.
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