by our College Data Analytics TeamWe've gathered data and other essential information about the program, such as the average salary of graduates, ethnicity of students, how many students graduated in recent times, and more. In addition, we cover how University of Virginia ranks in comparison to other schools with economics programs.
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In College Factual's most recent rankings for the best schools for economics majors, University of Virginia came in at #17. This puts it in the top 5% of the country in this field of study. It is also ranked #1 in Virginia.
| Ranking Type | Rank |
|---|---|
| Best Economics Schools | 17 |
| Best Economics Bachelor’s Degree Schools | 18 |
During the 2021-2022 academic year, University of Virginia - Main Campus handed out 465 bachelor's degrees in economics. This is a decrease of 9% over the previous year when 509 degrees were handed out.
In 2022, 9 students received their master’s degree in economics from University of Virginia. This makes it the #121 most popular school for economics master’s degree candidates in the country.
In addition, 10 students received their doctoral degrees in economics in 2022, making the school the #42 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 University of Virginia is $74,958. 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 University of Virginia, economics students borrow a median amount of $62,074 in student loans. This is higher than the the typical median of $39,273 for all economics majors across the country.
Out-of-state part-time undergraduates at University of Virginia paid an average of $1,869 per credit hour in 2022-2023. The average for in-state students was $653 per credit hour. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $18,823 | $55,450 |
| Fees | $3,500 | $4,183 |
| Books and Supplies | $1,480 | $1,480 |
| On Campus Room and Board | $13,940 | $13,940 |
| On Campus Other Expenses | $3,520 | $3,520 |
Learn more about University of Virginia tuition and fees.
In the 2021-2022 academic year, 465 students earned a bachelor's degree in economics from University of Virginia. About 37% of these graduates were women and the other 63% were men.
The majority of the students with this major are white. About 61% of 2022 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from University of Virginia - Main Campus with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 61 |
| Black or African American | 4 |
| Hispanic or Latino | 22 |
| White | 284 |
| Non-Resident Aliens | 60 |
| Other Races | 34 |
University of Virginia 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 University of Virginia Online Learning page.
Of the 5 students who graduated with a Master’s in economics from University of Virginia in 2022, 80% were men and 20% were women.
The majority of master's degree recipients in this major at University of Virginia are white. In the most recent graduating class for which data is available, 60% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Virginia - Main Campus with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 3 |
| Non-Resident Aliens | 2 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Virginia - Main Campus.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 212 |
| Political Science & Government | 126 |
| Sociology | 99 |
| Anthropology | 69 |
More about our data sources and methodologies.