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. Also, learn how UMass Amherst ranks among other schools offering degrees in economics.
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UMass Amherst is in the top 10% of the country for economics. More specifically it was ranked #33 out of 407 schools by College Factual. It is also ranked #7 in Massachusetts.
During the 2021-2022 academic year, University of Massachusetts Amherst handed out 353 bachelor's degrees in economics. This is a decrease of 13% over the previous year when 404 degrees were handed out.
In 2022, 22 students received their master’s degree in economics from UMass Amherst. This makes it the #57 most popular school for economics master’s degree candidates in the country.
In addition, 15 students received their doctoral degrees in economics in 2022, making the school the #29 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 UMass Amherst is $52,309. 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 UMass Amherst, economics students borrow a median amount of $39,517 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 UMass Amherst is $321 per month.
Out-of-state part-time undergraduates at UMass Amherst paid an average of $1,605 per credit hour in 2022-2023. The average for in-state students was $691 per credit hour. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $16,591 | $38,527 |
| Fees | $766 | $766 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $14,869 | $14,869 |
| On Campus Other Expenses | $1,440 | $1,440 |
Learn more about UMass Amherst tuition and fees.
For the most recent academic year available, 75% of economics bachelor's degrees went to men and 25% went to women.
The majority of the students with this major are white. About 54% of 2022 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from University of Massachusetts Amherst with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 49 |
| Black or African American | 18 |
| Hispanic or Latino | 23 |
| White | 191 |
| Non-Resident Aliens | 40 |
| Other Races | 32 |
UMass Amherst 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 UMass Amherst Online Learning page.
Of the 17 students who earned a master's degree in Economics from UMass Amherst in 2021-2022, 76% were men and 24% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Massachusetts Amherst with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 1 |
| Hispanic or Latino | 3 |
| White | 6 |
| Non-Resident Aliens | 7 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Massachusetts Amherst.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 195 |
| Sociology | 138 |
| Anthropology | 43 |
| Geography & Cartography | 43 |
| International Relations & National Security | 21 |
More about our data sources and methodologies.