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. We've also included details on how UMW ranks compared to other colleges offering a major in economics.
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The bachelor's program at UMW was ranked #331 on College Factual's Best Schools for economics list. It is also ranked #12 in Virginia.
| Ranking Type | Rank |
|---|---|
| Best Economics Bachelor’s Degree Schools | 315 |
| Best Economics Schools | 331 |
During the 2021-2022 academic year, University of Mary Washington handed out 20 bachelor's degrees in economics. This is a decrease of 17% over the previous year when 24 degrees were handed out.
The median salary of economics students who receive their bachelor's degree at UMW is $45,153. Unfortunately, this is lower than the national average of $51,722 for all economics students.
During the 2022-2023 academic year, part-time undergraduate students at UMW paid an average of $1,209 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $508 per credit hour. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $8,938 | $25,858 |
| Fees | $5,621 | $5,621 |
| Books and Supplies | $1,200 | $1,200 |
| On Campus Room and Board | $14,040 | $14,040 |
| On Campus Other Expenses | $2,750 | $2,750 |
Learn more about UMW tuition and fees.
During the 2021-2022 academic year, 20 economics majors earned their bachelor's degree from UMW. Of these graduates, 70% were men and 30% were women.
The majority of the students with this major are white. About 65% of 2022 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from University of Mary Washington with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 1 |
| Black or African American | 2 |
| Hispanic or Latino | 1 |
| White | 13 |
| Non-Resident Aliens | 0 |
| Other Races | 3 |
UMW 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 UMW Online Learning page.
Take a look at the following statistics related to the make-up of the economics majors at University of Mary Washington.
| Related Major | Annual Graduates |
|---|---|
| Geography & Cartography | 46 |
| Sociology | 44 |
| Political Science & Government | 42 |
| International Relations & National Security | 22 |
| Anthropology | 3 |
More about our data sources and methodologies.