by our College Data Analytics TeamWe've gathered data and other essential information about the program, such as the average salary of graduates, ethnicity of students, how many students graduated in recent times, and more. Also, learn how Michigan State ranks among other schools offering degrees in economics.
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Michigan State is in the top 10% of the country for economics. More specifically it was ranked #34 out of 407 schools by College Factual. It is also ranked #2 in Michigan.
| Ranking Type | Rank |
|---|---|
| Best Economics Doctor’s Degree Schools | 25 |
| Best Economics Graduate Degree Schools | 31 |
| Best Economics Schools | 34 |
| Best Economics Bachelor’s Degree Schools | 34 |
During the 2021-2022 academic year, Michigan State University handed out 275 bachelor's degrees in economics. This is a decrease of 20% over the previous year when 343 degrees were handed out.
In 2022, 17 students received their master’s degree in economics from Michigan State. This makes it the #74 most popular school for economics master’s degree candidates in the country.
In addition, 19 students received their doctoral degrees in economics in 2022, making the school the #17 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 Michigan State is $54,013. 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 Michigan State, economics students borrow a median amount of $51,620 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 Michigan State is $393 per month.
During the 2022-2023 academic year, part-time undergraduate students at Michigan State paid an average of $1,457 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $564 per credit hour. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $16,930 | $43,700 |
| Fees | $340 | $340 |
| Books and Supplies | $1,334 | $1,334 |
| On Campus Room and Board | $11,754 | $11,754 |
| On Campus Other Expenses | $3,592 | $3,592 |
Learn more about Michigan State tuition and fees.
Of the 275 students who graduated with a Bachelor’s in economics from Michigan State in 2022, 84% were men and 16% were women.
The majority of the students with this major are white. About 60% of 2022 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from Michigan State University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 19 |
| Black or African American | 11 |
| Hispanic or Latino | 11 |
| White | 164 |
| Non-Resident Aliens | 63 |
| Other Races | 7 |
Michigan 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 Michigan State Online Learning page.
For the most recent academic year available, 50% of economics master's degrees went to men and 50% went to women.
The majority of the students with this major are white. About 63% of 2022 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from Michigan State University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 2 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 10 |
| Non-Resident Aliens | 3 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at Michigan State University.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 139 |
| Sociology | 124 |
| General Social Sciences | 96 |
| International Relations & National Security | 87 |
| Anthropology | 30 |
More about our data sources and methodologies.