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 UIUC ranks compared to other colleges offering a major in economics.
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UIUC is in the top 10% of the country for economics. More specifically it was ranked #38 out of 407 schools by College Factual. It is also ranked #3 in Illinois.
During the 2021-2022 academic year, University of Illinois at Urbana-Champaign handed out 387 bachelor's degrees in economics. This is a decrease of 13% over the previous year when 443 degrees were handed out.
In 2022, 98 students received their master’s degree in economics from UIUC. This makes it the #9 most popular school for economics master’s degree candidates in the country.
In addition, 22 students received their doctoral degrees in economics in 2022, making the school the #12 most popular school in the United States for this category of students.
Economics majors who earn their bachelor's degree from UIUC go on to jobs where they make a median salary of $58,921 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 UIUC, economics students borrow a median amount of $47,365 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 UIUC is $488 per month.
Out-of-state part-time undergraduates at UIUC paid an average of $1,019 per credit hour in 2022-2023. The average for in-state students was $601 per credit hour. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $14,768 | $35,900 |
| Fees | $3,292 | $3,292 |
| Books and Supplies | $1,200 | $1,200 |
| On Campus Room and Board | $13,938 | $13,938 |
| On Campus Other Expenses | $2,500 | $2,500 |
Learn more about UIUC tuition and fees.
In the 2021-2022 academic year, 387 students earned a bachelor's degree in economics from UIUC. About 28% of these graduates were women and the other 72% were men.
The following table and chart show the ethnic background for students who recently graduated from University of Illinois at Urbana-Champaign with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 91 |
| Black or African American | 6 |
| Hispanic or Latino | 35 |
| White | 128 |
| Non-Resident Aliens | 111 |
| Other Races | 16 |
UIUC 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 UIUC Online Learning page.
The economics program at UIUC awarded 77 master's degrees in 2021-2022. About 56% of these degrees went to men with the other 44% going to women.
The following table and chart show the ethnic background for students who recently graduated from University of Illinois at Urbana-Champaign with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 2 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 15 |
| Non-Resident Aliens | 58 |
| Other Races | 2 |
Take a look at the following statistics related to the make-up of the economics majors at University of Illinois at Urbana-Champaign.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 266 |
| Sociology | 93 |
| Anthropology | 41 |
| Geography & Cartography | 32 |
More about our data sources and methodologies.