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 Illinois State ranks compared to other colleges offering a major in economics.
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The bachelor's program at Illinois State was ranked #238 on College Factual's Best Schools for economics list. It is also ranked #10 in Illinois.
| Ranking Type | Rank |
|---|---|
| Best Economics Master’s Degree Schools | 94 |
| Best Economics Graduate Degree Schools | 101 |
| Best Economics Bachelor’s Degree Schools | 227 |
| Best Economics Schools | 238 |
During the 2021-2022 academic year, Illinois State University handed out 31 bachelor's degrees in economics. This is a decrease of 9% over the previous year when 34 degrees were handed out.
In 2022, 11 students received their master’s degree in economics from Illinois State. This makes it the #107 most popular school for economics master’s degree candidates in the country.
Economics majors who earn their bachelor's degree from Illinois State go on to jobs where they make a median salary of $44,015 a year. Unfortunately, this is lower than the national average of $51,722 for all economics students.
During the 2022-2023 academic year, part-time undergraduate students at Illinois State paid an average of $804 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $402 per credit hour. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $11,000 | $20,358 |
| Fees | $3,121 | $3,121 |
| Books and Supplies | $830 | $830 |
| On Campus Room and Board | $11,584 | $11,584 |
| On Campus Other Expenses | $5,874 | $5,874 |
Learn more about Illinois State tuition and fees.
Of the 31 economics students who graduated with a bachelor's degree in 2021-2022 from Illinois State, about 77% were men and 23% were women.
The majority of bachelor's degree recipients in this major at Illinois State 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 Illinois State University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 4 |
| Black or African American | 2 |
| Hispanic or Latino | 3 |
| White | 20 |
| Non-Resident Aliens | 2 |
| Other Races | 0 |
Illinois State 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 Illinois State Online Learning page.
During the 2021-2022 academic year, 6 economics majors earned their master's degree from Illinois State. Of these graduates, 50% were men and 50% were women.
The following table and chart show the ethnic background for students who recently graduated from Illinois State University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 2 |
| Non-Resident Aliens | 4 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at Illinois State University.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 99 |
| Sociology | 64 |
| Anthropology | 23 |
| Geography & Cartography | 14 |
More about our data sources and methodologies.