by our College Data Analytics TeamWe've pulled together some essential information you should know about the program, including how many students graduate each year, the ethnic diversity of these students, average starting salaries, and more. Also, learn how UChicago ranks among other schools offering degrees in economics.
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The bachelor's program at UChicago was ranked #1 on College Factual's Best Schools for economics list. It is also ranked #1 in Illinois.
During the 2021-2022 academic year, University of Chicago handed out 634 bachelor's degrees in economics. This is an increase of 29% over the previous year when 491 degrees were handed out.
In 2022, 68 students received their master’s degree in economics from UChicago. This makes it the #16 most popular school for economics master’s degree candidates in the country.
In addition, 43 students received their doctoral degrees in economics in 2022, making the school the #1 most popular school in the United States for this category of students.
Economics majors who earn their bachelor's degree from UChicago go on to jobs where they make a median salary of $92,075 a year. 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 UChicago, economics students borrow a median amount of $85,207 in student loans. This is higher than the the typical median of $39,273 for all economics majors across the country.
During the 2022-2023 academic year, part-time undergraduate students at UChicago paid an average of $2,127 per credit hour. No discount was available for in-state students. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $63,801 | $63,801 |
| Fees | $1,818 | $1,818 |
| Books and Supplies | $1,800 | $1,800 |
| On Campus Room and Board | $19,221 | $19,221 |
| On Campus Other Expenses | $2,400 | $2,400 |
Learn more about UChicago tuition and fees.
During the 2021-2022 academic year, 634 students graduated with a bachelor's degree in economics from UChicago. About 61% were men and 39% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Chicago with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 171 |
| Black or African American | 20 |
| Hispanic or Latino | 57 |
| White | 191 |
| Non-Resident Aliens | 156 |
| Other Races | 39 |
Online degrees for the UChicago 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 UChicago Online Learning page.
During the 2021-2022 academic year, 77 students graduated with a master's degree in economics from UChicago. About 66% were men and 34% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Chicago with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 3 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 10 |
| Non-Resident Aliens | 63 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Chicago.
| Related Major | Annual Graduates |
|---|---|
| General Social Sciences | 227 |
| International Relations & National Security | 163 |
| Political Science & Government | 131 |
| Sociology | 67 |
| Anthropology | 56 |
More about our data sources and methodologies.