by our College Data Analytics TeamHere, you'll find out more about the major, including such details as the number of graduates, what degree levels are offered, ethnicity of students, average salaries, and more. We've also included details on how GMU ranks compared to other colleges offering a major in economics.
Go directly to any of the following sections:
The bachelor's program at GMU was ranked #105 on College Factual's Best Schools for economics list. It is also ranked #6 in Virginia.
During the 2021-2022 academic year, George Mason University handed out 79 bachelor's degrees in economics. This is a decrease of 32% over the previous year when 116 degrees were handed out.
In 2022, 68 students received their master’s degree in economics from GMU. This makes it the #16 most popular school for economics master’s degree candidates in the country.
In addition, 18 students received their doctoral degrees in economics in 2022, making the school the #20 most popular school in the United States for this category of students.
Economics majors who earn their bachelor's degree from GMU go on to jobs where they make a median salary of $53,024 a year. This is higher than $51,722, which is the national median for all economics bachelor's degree recipients.
While getting their bachelor's degree at GMU, economics students borrow a median amount of $34,235 in student loans. This is not too bad considering that the median debt load of all economics bachelor's degree recipients across the country is $39,273.
During the 2022-2023 academic year, part-time undergraduate students at GMU paid an average of $1,427 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $420 per credit hour. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $10,095 | $34,259 |
| Fees | $3,720 | $3,720 |
| Books and Supplies | $1,278 | $1,278 |
| On Campus Room and Board | $15,151 | $15,151 |
| On Campus Other Expenses | $3,504 | $3,504 |
Learn more about GMU tuition and fees.
Of the 79 students who graduated with a Bachelor’s in economics from GMU in 2022, 61% were men and 39% were women.
The following table and chart show the ethnic background for students who recently graduated from George Mason University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 16 |
| Black or African American | 4 |
| Hispanic or Latino | 10 |
| White | 29 |
| Non-Resident Aliens | 13 |
| Other Races | 7 |
GMU 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 GMU Online Learning page.
Graduates of the master's economics program at GMU make a median salary of $82,853. This is a better than average outcome since the median salary for all economics graduates with a master's is $74,330.
Of the 51 students who earned a master's degree in Economics from GMU in 2021-2022, 86% were men and 14% were women.
The majority of master's degree recipients in this major at GMU are white. In the most recent graduating class for which data is available, 65% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from George Mason University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 2 |
| Black or African American | 2 |
| Hispanic or Latino | 4 |
| White | 33 |
| Non-Resident Aliens | 5 |
| Other Races | 5 |
Take a look at the following statistics related to the make-up of the economics majors at George Mason University.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 253 |
| Political Science & Government | 218 |
| Geography & Cartography | 42 |
| Anthropology | 36 |
| Sociology | 33 |
More about our data sources and methodologies.