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 Northwestern ranks compared to other colleges offering a major in economics.
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Ranked at #2 in College Factual's most recent rankings, Northwestern is in the top 1% of the country for economics students pursuing a bachelor's degree. It is also ranked #2 in Illinois.
During the 2021-2022 academic year, Northwestern University handed out 335 bachelor's degrees in economics. This is a decrease of 5% over the previous year when 351 degrees were handed out.
In 2022, 32 students received their master’s degree in economics from Northwestern. This makes it the #36 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.
Economics majors who earn their bachelor's degree from Northwestern go on to jobs where they make a median salary of $84,932 a year. 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.
The typical student loan payment of a bachelor's degree student from the economics program at Northwestern is $546 per month.
During the 2022-2023 academic year, part-time undergraduate students at Northwestern paid an average of $7,690 per credit hour. No discount was available for in-state students. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $64,887 | $64,887 |
| Fees | $1,110 | $1,110 |
| Books and Supplies | $1,686 | $1,686 |
| On Campus Room and Board | $20,334 | $20,334 |
| On Campus Other Expenses | $3,273 | $3,273 |
Learn more about Northwestern tuition and fees.
For the most recent academic year available, 62% of economics bachelor's degrees went to men and 38% went to women.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 71 |
| Black or African American | 5 |
| Hispanic or Latino | 30 |
| White | 129 |
| Non-Resident Aliens | 73 |
| Other Races | 27 |
Online degrees for the Northwestern economics bachelor’s degree program are not available at this time. To see if the school offers distance learning options in other areas, visit the Northwestern Online Learning page.
For the most recent academic year available, 73% of economics master's degrees went to men and 27% went to women.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 4 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 8 |
| Non-Resident Aliens | 41 |
| Other Races | 2 |
Take a look at the following statistics related to the make-up of the economics majors at Northwestern University.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 125 |
| Sociology | 48 |
| International Relations & National Security | 34 |
| Anthropology | 21 |
| General Social Sciences | 1 |
More about our data sources and methodologies.