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 UW - Madison ranks in comparison to other schools with economics programs.
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UW - Madison is in the top 10% of the country for economics. More specifically it was ranked #39 out of 407 schools by College Factual. It is also ranked #1 in Wisconsin.
During the 2021-2022 academic year, University of Wisconsin - Madison handed out 546 bachelor's degrees in economics. This is a decrease of 13% over the previous year when 624 degrees were handed out.
In 2022, 209 students received their master’s degree in economics from UW - Madison. This makes it the #2 most popular school for economics master’s degree candidates in the country.
In addition, 31 students received their doctoral degrees in economics in 2022, making the school the #5 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 UW - Madison is $54,495. 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 UW - Madison, economics students borrow a median amount of $42,788 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 UW - Madison is $345 per month.
In 2022-2023, the average part-time undergraduate tuition at UW - Madison was $1,627 per credit hour for out-of-state students. The average for in-state students was $402 per credit hour. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $9,644 | $39,042 |
| Fees | $1,561 | $1,561 |
| Books and Supplies | $1,100 | $1,100 |
| On Campus Room and Board | $13,500 | $13,500 |
| On Campus Other Expenses | $3,100 | $3,100 |
Learn more about UW - Madison tuition and fees.
During the 2021-2022 academic year, 546 students graduated with a bachelor's degree in economics from UW - Madison. About 71% were men and 29% were women.
The majority of bachelor's degree recipients in this major at UW - Madison are white. In the most recent graduating class for which data is available, 58% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Wisconsin - Madison with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 38 |
| Black or African American | 6 |
| Hispanic or Latino | 24 |
| White | 317 |
| Non-Resident Aliens | 129 |
| Other Races | 32 |
Online degrees for the UW - Madison 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 UW - Madison Online Learning page.
Graduates of the master's economics program at UW - Madison make a median salary of $73,951. This is less than what their typical peers from other schools make. Their median salary is $74,330.
In the 2021-2022 academic year, 139 students earned a master's degree in economics from UW - Madison. About 46% of these graduates were women and the other 54% were men.
The following table and chart show the ethnic background for students who recently graduated from University of Wisconsin - Madison with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 1 |
| Hispanic or Latino | 1 |
| White | 26 |
| Non-Resident Aliens | 111 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at University of Wisconsin - Madison.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 391 |
| Sociology | 119 |
| Geography & Cartography | 94 |
| Anthropology | 46 |
| International Relations & National Security | 11 |
More about our data sources and methodologies.