Economics at Northwestern University

Economics at Northwestern University

Economics is one of the majors in the social sciences program at Northwestern University.

Here, 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 Northwestern ranks compared to other colleges offering a major in economics.

Jump to any of the following sections:

Economics Degrees Available at Northwestern

Northwestern Economics Rankings

In College Factual's most recent rankings for the best schools for economics majors, Northwestern came in at #10. This puts it in the top 5% of the country in this field of study. It is also ranked #2 in Illinois.

Ranking Type Rank
Best Economics Bachelor’s Degree Schools 9
Best Economics Doctor’s Degree Schools 9
Most Popular Doctor’s Degree Colleges for Economics 11
Best Economics Master’s Degree Schools 13
Most Popular Bachelor’s Degree Colleges for Economics 22
Most Focused Doctor’s Degree Colleges for Economics 23
Most Popular Master’s Degree Colleges for Economics 28
Most Focused Master’s Degree Colleges for Economics 69
Best Value Doctor’s Degree Colleges for Economics 106
Most Focused Bachelor’s Degree Colleges for Economics 128
Best Value Master’s Degree Colleges for Economics 186
Best Value Bachelor’s Degree Colleges for Economics 397

Popularity of Economics at Northwestern

During the 2019-2020 academic year, Northwestern University handed out 338 bachelor's degrees in economics. Due to this, the school was ranked #23 in popularity out of all colleges and universities that offer this degree. This is a decrease of 8% over the previous year when 369 degrees were handed out.

In 2020, 30 students received their master’s degree in economics from Northwestern. This makes it the #31 most popular school for economics master’s degree candidates in the country.

In addition, 25 students received their doctoral degrees in economics in 2020, making the school the #6 most popular school in the United States for this category of students.

How Much Do Economics Graduates from Northwestern Make?

Salary of Economics Graduates with a Bachelor's Degree

The median salary of economics students who receive their bachelor's degree at Northwestern is $69,200. This is great news for graduates of the program, since this figure is higher than the national average of $44,300 for all economics bachelor's degree recipients.

undefined

How Much Student Debt Do Economics Graduates from Northwestern Have?

Student Debt of Economics Graduates with a Bachelor's Degree

While getting their bachelor's degree at Northwestern, economics students borrow a median amount of $14,300 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 $21,666.

undefined

The typical student loan payment of a bachelor's degree student from the economics program at Northwestern is $148 per month.

Northwestern Economics Students

Take a look at the following statistics related to the make-up of the economics majors at Northwestern University.

Northwestern Economics Bachelor’s Program

Of the 338 economics students who graduated with a bachelor's degree in 2019-2020 from Northwestern, about 71% were men and 29% were women.

undefined

The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a bachelor's in economics.

undefined
Ethnic Background Number of Students
Asian 72
Black or African American 3
Hispanic or Latino 31
White 144
Non-Resident Aliens 64
Other Races 24

Northwestern Economics Master’s Program

During the 2019-2020 academic year, 34 economics majors earned their master's degree from Northwestern. Of these graduates, 71% were men and 29% were women.

undefined

The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a master's in economics.

undefined
Ethnic Background Number of Students
Asian 1
Black or African American 0
Hispanic or Latino 1
White 7
Non-Resident Aliens 24
Other Races 1

Related Major Annual Graduates
Political Science & Government 149
Sociology 44
Anthropology 40
International Relations & National Security 37
General Social Sciences 3

View All Economics Related Majors >

References

More about our data sources and methodologies.

Find Schools Near You