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. In addition, we cover how UMaine ranks in comparison to other schools with economics programs.
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The bachelor's program at UMaine was ranked #407 on College Factual's Best Schools for economics list. It is also ranked #4 in Maine.
| Ranking Type | Rank |
|---|---|
| Best Economics Bachelor’s Degree Schools | 384 |
| Best Economics Schools | 407 |
During the 2021-2022 academic year, University of Maine handed out 25 bachelor's degrees in economics. This is a decrease of 11% over the previous year when 28 degrees were handed out.
In 2022, 9 students received their master’s degree in economics from UMaine. This makes it the #121 most popular school for economics master’s degree candidates in the country.
The median salary of economics students who receive their bachelor's degree at UMaine is $46,159. This is less than $51,722, which is the national median of all economics majors in the nation who earn bachelor's degrees.
Out-of-state part-time undergraduates at UMaine paid an average of $1,158 per credit hour in 2022-2023. The average for in-state students was $400 per credit hour. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $12,000 | $34,740 |
| Fees | $606 | $606 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $12,696 | $12,696 |
| On Campus Other Expenses | $2,270 | $2,270 |
Learn more about UMaine tuition and fees.
Of the 25 students who graduated with a Bachelor’s in economics from UMaine in 2022, 80% were men and 20% were women.
The majority of bachelor's degree recipients in this major at UMaine are white. In the most recent graduating class for which data is available, 80% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Maine with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 1 |
| Hispanic or Latino | 1 |
| White | 20 |
| Non-Resident Aliens | 1 |
| Other Races | 2 |
UMaine 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 UMaine Online Learning page.
During the 2021-2022 academic year, 13 students graduated with a master's degree in economics from UMaine. About 62% were men and 38% were women.
The majority of master's degree recipients in this major at UMaine are white. In the most recent graduating class for which data is available, 62% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Maine with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 1 |
| Hispanic or Latino | 1 |
| White | 8 |
| Non-Resident Aliens | 3 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Maine.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 57 |
| Sociology | 35 |
| Anthropology | 23 |
| International Relations & National Security | 13 |
| Geography & Cartography | 10 |
More about our data sources and methodologies.