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. In addition, we cover how UMBC ranks in comparison to other schools with economics programs.
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The bachelor's program at UMBC was ranked #148 on College Factual's Best Schools for economics list. It is also ranked #3 in Maryland.
| Ranking Type | Rank |
|---|---|
| Best Economics Schools | 148 |
| Best Economics Bachelor’s Degree Schools | 149 |
During the 2021-2022 academic year, University of Maryland - Baltimore County handed out 111 bachelor's degrees in economics. This is a decrease of 3% over the previous year when 114 degrees were handed out.
In 2022, 6 students received their master’s degree in economics from UMBC. This makes it the #150 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 UMBC is $54,859. This is great news for graduates of the program, since this figure is higher than the national average of $51,722 for all economics bachelor's degree recipients.
While getting their bachelor's degree at UMBC, economics students borrow a median amount of $38,495 in student loans. This is not too bad considering that the median debt load of all economics bachelor's degree recipients across the country is $39,273.
The typical student loan payment of a bachelor's degree student from the economics program at UMBC is $345 per month.
In 2022-2023, the average part-time undergraduate tuition at UMBC was $1,103 per credit hour for out-of-state students. The average for in-state students was $382 per credit hour. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $9,238 | $26,594 |
| Fees | $3,714 | $3,714 |
| Books and Supplies | $1,600 | $1,600 |
| On Campus Room and Board | $14,204 | $14,204 |
| On Campus Other Expenses | $3,414 | $3,414 |
Learn more about UMBC tuition and fees.
Of the 111 students who earned a bachelor's degree in Economics from UMBC in 2021-2022, 59% were men and 41% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Maryland - Baltimore County with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 27 |
| Black or African American | 12 |
| Hispanic or Latino | 5 |
| White | 49 |
| Non-Resident Aliens | 8 |
| Other Races | 10 |
Online degrees for the UMBC 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 UMBC Online Learning page.
All of the 3 students who graduated with a Master’s in economics from UMBC in 2022 were women.
The majority of the master's degree graduates for this major are Hispanic or Latino. In the most recent graduating class for which data is available, 67% of grads fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Maryland - Baltimore County with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 2 |
| White | 1 |
| Non-Resident Aliens | 0 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Maryland - Baltimore County.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 87 |
| Sociology | 57 |
| Anthropology | 11 |
| Geography & Cartography | 9 |
| International Relations & National Security | 7 |
More about our data sources and methodologies.