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 GWU ranks compared to other colleges offering a major in economics.
Jump to any of the following sections:
GWU is in the top 10% of the country for economics. More specifically it was ranked #32 out of 407 schools by College Factual. It is also ranked #2 in District of Columbia.
| Ranking Type | Rank |
|---|---|
| Best Economics Master’s Degree Schools | 17 |
| Best Economics Graduate Degree Schools | 20 |
| Best Economics Bachelor’s Degree Schools | 29 |
| Best Economics Schools | 32 |
During the 2021-2022 academic year, George Washington University handed out 145 bachelor's degrees in economics. This is a decrease of 17% over the previous year when 174 degrees were handed out.
In 2022, 69 students received their master’s degree in economics from GWU. This makes it the #15 most popular school for economics master’s degree candidates in the country.
In addition, 10 students received their doctoral degrees in economics in 2022, making the school the #42 most popular school in the United States for this category of students.
The median salary of economics students who receive their bachelor's degree at GWU is $67,684. This is great news for graduates of the program, since this figure is higher than the national average of $51,722 for all economics bachelor's degree recipients.
While getting their bachelor's degree at GWU, economics students borrow a median amount of $79,059 in student loans. This is higher than the the typical median of $39,273 for all economics majors across the country.
The typical student loan payment of a bachelor's degree student from the economics program at GWU is $583 per month.
During the 2022-2023 academic year, part-time undergraduate students at GWU paid an average of $2,080 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 | $64,508 | $64,508 |
| Fees | $290 | $290 |
| Books and Supplies | $1,400 | $1,400 |
| On Campus Room and Board | $16,300 | $16,300 |
| On Campus Other Expenses | $1,625 | $1,625 |
Learn more about GWU tuition and fees.
In the 2021-2022 academic year, 145 students earned a bachelor's degree in economics from GWU. About 50% of these graduates were women and the other 50% were men.
The following table and chart show the ethnic background for students who recently graduated from George Washington University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 20 |
| Black or African American | 7 |
| Hispanic or Latino | 13 |
| White | 63 |
| Non-Resident Aliens | 32 |
| Other Races | 10 |
GWU 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 GWU Online Learning page.
Economics majors graduating with a master's degree from GWU make a median salary of $82,787 a year. This is a better than average outcome since the median salary for all economics graduates with a master's is $74,330.
During the 2021-2022 academic year, 46 students graduated with a master's degree in economics from GWU. About 65% were men and 35% were women.
The following table and chart show the ethnic background for students who recently graduated from George Washington University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 3 |
| Black or African American | 2 |
| Hispanic or Latino | 2 |
| White | 15 |
| Non-Resident Aliens | 24 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at George Washington University.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 852 |
| Political Science & Government | 469 |
| Anthropology | 53 |
| Sociology | 46 |
| Geography & Cartography | 40 |
More about our data sources and methodologies.