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. We've also included details on how UMN Twin Cities ranks compared to other colleges offering a major in economics.
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UMN Twin Cities is in the top 10% of the country for economics. More specifically it was ranked #29 out of 407 schools by College Factual. It is also ranked #1 in Minnesota.
During the 2021-2022 academic year, University of Minnesota - Twin Cities handed out 281 bachelor's degrees in economics. This is a decrease of 23% over the previous year when 363 degrees were handed out.
In 2022, 15 students received their master’s degree in economics from UMN Twin Cities. This makes it the #83 most popular school for economics master’s degree candidates in the country.
In addition, 39 students received their doctoral degrees in economics in 2022, making the school the #3 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 UMN Twin Cities is $56,902. 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 UMN Twin Cities, economics students borrow a median amount of $28,400 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 UMN Twin Cities is $276 per month.
Out-of-state part-time undergraduates at UMN Twin Cities paid an average of $1,324 per credit hour in 2022-2023. The average for in-state students was $558 per credit hour. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $14,496 | $34,410 |
| Fees | $1,992 | $1,992 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $13,028 | $13,028 |
| On Campus Other Expenses | $2,350 | $2,350 |
Learn more about UMN Twin Cities tuition and fees.
Of the 281 students who graduated with a Bachelor’s in economics from UMN Twin Cities in 2022, 70% were men and 30% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Minnesota - Twin Cities with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 25 |
| Black or African American | 10 |
| Hispanic or Latino | 10 |
| White | 138 |
| Non-Resident Aliens | 93 |
| Other Races | 5 |
Online degrees for the UMN Twin Cities 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 UMN Twin Cities Online Learning page.
Of the 13 economics students who graduated with a master's degree in 2021-2022 from UMN Twin Cities, about 85% were men and 15% were women.
The majority of master's degree recipients in this major at UMN Twin Cities 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 Minnesota - Twin Cities with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 8 |
| Non-Resident Aliens | 4 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Minnesota - Twin Cities.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 218 |
| Sociology | 88 |
| International Relations & National Security | 57 |
| Geography & Cartography | 49 |
| Anthropology | 43 |
More about our data sources and methodologies.