by our College Data Analytics TeamWe've gathered data and other essential information about the program, such as the ethnicity of students, how many students graduated in recent times, and more. In addition, we cover how MIT ranks in comparison to other schools with economics programs.
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The economics major at MIT is not ranked on College Factual’s Best Colleges and Universities for Economics. This could be for a number of reasons, such as not having enough data on the major or school to make an accurate assessment of its quality.
During the 2021-2022 academic year, Massachusetts Institute of Technology handed out 71 bachelor's degrees in economics. This is an increase of 29% over the previous year when 55 degrees were handed out.
In 2022, 22 students received their master’s degree in economics from MIT. This makes it the #57 most popular school for economics master’s degree candidates in the country.
In addition, 22 students received their doctoral degrees in economics in 2022, making the school the #12 most popular school in the United States for this category of students.
Part-time undergraduates at MIT paid an average of $2,775 per credit hour in 2022-2023. This tuition was the same for both in-state and out-of-state students. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $59,750 | $59,750 |
| Fees | $406 | $406 |
| Books and Supplies | $880 | $880 |
| On Campus Room and Board | $19,390 | $19,390 |
| On Campus Other Expenses | $2,304 | $2,304 |
Learn more about MIT tuition and fees.
Of the 71 students who graduated with a Bachelor’s in economics from MIT in 2022, 56% were men and 44% were women.
The following table and chart show the ethnic background for students who recently graduated from Massachusetts Institute of Technology with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 22 |
| Black or African American | 2 |
| Hispanic or Latino | 9 |
| White | 28 |
| Non-Resident Aliens | 6 |
| Other Races | 4 |
MIT 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 MIT Online Learning page.
Of the 13 students who earned a master's degree in Economics from MIT in 2021-2022, 77% were men and 23% were women.
The following table and chart show the ethnic background for students who recently graduated from Massachusetts Institute of Technology with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 2 |
| Non-Resident Aliens | 10 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at Massachusetts Institute of Technology.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 20 |
More about our data sources and methodologies.