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University of Chicago Bachelor’s in Economics

423 Bachelor's Degrees Awarded
$83,647 Average Salary
$17,000 Average Student Debt

The main focus area for this major is Econometrics & Quantitative Economics. For more details on this concentration, visit its profile page.

Economics is a major offered under the social sciences program of study at University of Chicago. We’ve gathered data and other essential information about the bachelor’s degree program in economics, such as diversity of students, how many students graduated in recent times, and more.

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Rankings for the UChicago Bachelor’s in Economics

#2 in the U.S
#1 in Illinois

Each year, we produce a number of different types of college rankings to help students decide which school is the best fit for them. Ranked at #2 in College Factual's most recent rankings, UChicago is in the top 1% of the country for economics students pursuing a bachelor's degree. It is also ranked #1 in Illinois.

Here are some of the other rankings for UChicago.

Ranking TypeRank
Best Economics Bachelor’s Degree Schools1
Best Economics Schools2
Most Popular Doctor’s Degree Colleges for Economics2
Best Economics Bachelor’s Degree Colleges for Veterans4
Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k)4
Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k)5
Best Value Colleges for Economics (Income $0-$30k)6
Most Focused Doctor’s Degree Colleges for Economics6
Best Value Colleges for Economics (Income $48-$75k)6
Best Economics Master’s Degree Schools6
Best Economics Colleges for Veterans6
Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k)7
Best Economics Doctor’s Degree Schools7
Best Value Doctor’s Degree Colleges for Economics (Income $0-$30k)7
Best Value Colleges for Economics (Income $30-$48k)7
Best Value Bachelor’s Degree Colleges for Economics (Income $75-$110k)8
Best Value Doctor’s Degree Colleges for Economics (Income $48-$75k)8
Best Value Doctor’s Degree Colleges for Economics (Income $30-$48k)9
Highest Paid Bachelor’s Degree Economics Graduates9
Best Value Colleges for Economics (Income $75-$110k)9
Best Value Master’s Degree Colleges for Economics (Income $0-$30k)9
Best Value Master’s Degree Colleges for Economics (Income $48-$75k)9
Best Value Doctor’s Degree Colleges for Economics (Income $75-$110k)10
Best Value Master’s Degree Colleges for Economics (Income $30-$48k)11
Best Value Master’s Degree Colleges for Economics (Income $75-$110k)11
Best Economics Doctor’s Degree Colleges for Veterans11
Most Popular Colleges for Economics12
Best Economics Master’s Degree Colleges for Veterans13
Most Popular Bachelor’s Degree Colleges for Economics14
Highest Paid Economics Graduates16
Most Popular Master’s Degree Colleges for Economics17
Most Focused Master’s Degree Colleges for Economics22
Highest Paid Master’s Degree Economics Graduates26
Highest Paid Doctor’s Degree Economics Graduates30
Most Focused Colleges for Economics52
Most Focused Bachelor’s Degree Colleges for Economics62
Best Value Doctor’s Degree Colleges for Economics (Income Over $110k)91
Best Value Doctor’s Degree Colleges for Economics (With Aid)98
Best Value Doctor’s Degree Colleges for Economics122
Best Value Master’s Degree Colleges for Economics (Income Over $110k)158
Best Value Master’s Degree Colleges for Economics (With Aid)163
Best Value Master’s Degree Colleges for Economics204
Best Value Bachelor’s Degree Colleges for Economics (With Aid)264
Best Value Bachelor’s Degree Colleges for Economics (Income Over $110k)284
Best Value Colleges for Economics (With Aid)305
Best Value Colleges for Economics (Income Over $110k)334
Best Value Bachelor’s Degree Colleges for Economics588
Best Value Colleges for Economics623

How Much Does a Bachelor’s in Economics from UChicago Cost?

$59,298 Average Tuition and Fees (In-State)
$17,000 Average Student Debt

UChicago Undergraduate Tuition and Fees

In 2019-2020, the average part-time undergraduate tuition at UChicago was $1,921 per credit hour for both in-state and out-of-state students. The average full-time tuition and fees for undergraduates are shown in the table below.

In StateOut of State
Tuition$57,642$57,642
Fees$1,656$1,656
Books and Supplies$1,800$1,800
On Campus Room and Board$17,004$17,004
On Campus Other Expenses$2,175$2,175

Learn more about UChicago tuition and fees.

UChicago Economics Bachelor’s Student Debt

One factor in determining the overall cost in a degree is to consider how much in student loans you’ll have to take out. Economics students who received their bachelor’s degree at UChicago took out an average of $17,000 in student loans. That is 20% lower than the national average of $21,243.

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How Much Can You Make With a Bachelor’s in Economics From UChicago?

$83,647 Average Salary
High Earnings Boost

economics who receive their bachelor’s degree from UChicago make an average of $83,647 a year during the early days of their career. That is 79% higher than the national average of $46,790.

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Does UChicago Offer an Online Bachelor’s in Economics?

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.

UChicago Bachelor’s Student Diversity for Economics

423 Bachelor's Degrees Awarded
36.4% Women
40.7% Racial-Ethnic Minorities*
During the 2019-2020 academic year, there were 423 bachelor’s degrees in economics handed out to qualified students. The charts and tables below give more information about these students.

Male-to-Female Ratio

Of the students who received their bachelor’s degree in economics in 2019-2020, 36.4% of them were women. This is higher than the nationwide number of 33.7%.

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Racial-Ethnic Diversity

Racial-ethnic minority graduates* made up 40.7% of the economics bachelor’s degrees at UChicago in 2019-2020. This is higher than the nationwide number of 30%.

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Race/EthnicityNumber of Students
Asian111
Black or African American13
Hispanic or Latino33
Native American or Alaska Native0
Native Hawaiian or Pacific Islander0
White137
International Students103
Other Races/Ethnicities26

Bachelor’s in Economics Focus Areas at UChicago

Economics students may decide to major in one of the following focus areas.

Focus AreaAnnual Graduates
Econometrics & Quantitative Economics423

You may also be interested in one of these majors related to economics.

Related MajorAnnual Graduates
Anthropology20
Geography & Cartography4
International Relations & National Security17
Political Science & Government106
Sociology31

View All Economics Related Majors >

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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