by our College Data Analytics TeamEconomics is a major offered under the social sciences program of study at Carnegie Mellon University. We’ve pulled together some essential information you should know about the bachelor’s degree program in economics, including how many students graduate each year, the ethnic diversity of these students, whether or not the degree is offered online, and more.
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Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.
Each year, we produce a number of different types of college rankings to help students decide which school is the best fit for them. Carnegie Mellon is in the top 10% of the country for economics. More specifically it was ranked #35 out of 627 schools by College Factual. It is also ranked #3 in Pennsylvania.
Here are some of the other rankings for Carnegie Mellon.
During the 2019-2020 academic year, part-time undergraduate students at Carnegie Mellon paid an average of $800 per credit hour. No discount was available for in-state students. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $57,560 | $57,560 |
| Fees | $925 | $925 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $15,550 | $15,550 |
| On Campus Other Expenses | $1,400 | $1,400 |
Learn more about Carnegie Mellon tuition and fees.
You may also want to consider how much in student loans you’ll need when thinking about the overall cost to attend a school. Economics students who received their bachelor’s degree at Carnegie Mellon took out an average of $26,000 in student loans. That is 22% higher than the national average of $21,243.
economics who receive their bachelor’s degree from Carnegie Mellon make an average of $74,845 a year during the early days of their career. That is 60% higher than the national average of $46,790.
Carnegie Mellon does not offer an online option for its economics bachelor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the Carnegie Mellon Online Learning page.
Of the students who received their bachelor’s degree in economics in 2019-2020, 53.7% of them were women. This is higher than the nationwide number of 33.7%.
Around 46.3% of economics bachelor’s degree recipients at Carnegie Mellon in 2019-2020 were awarded to racial-ethnic minorities*. This is higher than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 21 |
| Black or African American | 1 |
| Hispanic or Latino | 3 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 19 |
| International Students | 7 |
| Other Races/Ethnicities | 3 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| Applied Economics | 18 |
| Econometrics & Quantitative Economics | 36 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 17 |
View All Economics Related Majors >
*The racial-ethnic minorities 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 racial-ethnic minorities percentage.
More about our data sources and methodologies.
