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 UMCP ranks compared to other colleges offering a major in economics.
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UMCP was ranked #48 on College Factual's most recent list of the best schools for economics majors. This puts the bachelor's program at the school solidly in the top 15% of all colleges and universities in the country. It is also ranked #2 in Maryland.
During the 2021-2022 academic year, University of Maryland - College Park handed out 400 bachelor's degrees in economics. This is a decrease of 7% over the previous year when 432 degrees were handed out.
In 2022, 58 students received their master’s degree in economics from UMCP. This makes it the #21 most popular school for economics master’s degree candidates in the country.
In addition, 23 students received their doctoral degrees in economics in 2022, making the school the #11 most popular school in the United States for this category of students.
The median salary of economics students who receive their bachelor's degree at UMCP is $58,650. 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 UMCP, economics students borrow a median amount of $43,783 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 UMCP is $296 per month.
In 2022-2023, the average part-time undergraduate tuition at UMCP was $1,613 per credit hour for out-of-state students. The average for in-state students was $412 per credit hour. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $9,889 | $38,690 |
| Fees | $1,616 | $1,616 |
| Books and Supplies | $1,250 | $1,250 |
| On Campus Room and Board | $15,416 | $15,416 |
| On Campus Other Expenses | $2,714 | $2,714 |
Learn more about UMCP tuition and fees.
Of the 400 economics students who graduated with a bachelor's degree in 2021-2022 from UMCP, about 67% were men and 34% were women.
The majority of bachelor's degree recipients in this major at UMCP are white. In the most recent graduating class for which data is available, 52% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Maryland - College Park with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 57 |
| Black or African American | 33 |
| Hispanic or Latino | 31 |
| White | 208 |
| Non-Resident Aliens | 37 |
| Other Races | 34 |
Online degrees for the UMCP 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 UMCP Online Learning page.
Economics majors graduating with a master's degree from UMCP make a median salary of $79,163 a year. This is a better than average outcome since the median salary for all economics graduates with a master's is $74,330.
Of the 92 students who graduated with a Master’s in economics from UMCP in 2022, 64% were men and 36% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Maryland - College Park with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 10 |
| Black or African American | 10 |
| Hispanic or Latino | 4 |
| White | 38 |
| Non-Resident Aliens | 27 |
| Other Races | 3 |
Take a look at the following statistics related to the make-up of the economics majors at University of Maryland - College Park.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 345 |
| Geography & Cartography | 84 |
| Sociology | 82 |
| Anthropology | 37 |
| Urban Studies | 20 |
More about our data sources and methodologies.