2025 Best Economics Master's Degree Schools in Michigan

If you plan on getting your master's degree in economics, you won't be alone since the degree program is ranked #41 in the country in terms of popularity. So, you have a fair amount of options to choose from when looking for a school.

In 2025, College Factual analyzed 3 schools in order to identify the top ones for its Best Economics Master's Degree Schools in Michigan ranking. When you put them all together, these colleges and universities awarded 152 master's degrees in economics during the 2022-2023 academic year.

Jump to one of the following sections: * Our Methodology

• Best Master’s Degree Schools List

Choosing a Great Economics School for Your Master's Degree

The economics master's degree program you select can have a big impact on your future. This section explores some of the factors we include in our ranking and how much they vary depending on the school you select. Below we explain some of the most important factors to consider before making your choice:

Overall Quality Is a Must

A school that excels in educating for a particular major and degree level must be a great school overall as well. To make it into this list a school must rank well in our overall Best Colleges for a Master's Degree ranking. This ranking considered factors such as graduation rates, overall graduate earnings and other educational resources to identify great colleges and universities.

Average Early-Career Salaries

Average early-career salary of those graduating with their master's degree is one indicator we use in our analysis to find the schools that offer the highest-quality education. After all, your master's degree won't mean much if it doesn't help you find a job that will help you earn a living.

Other Factors We Consider

In addition to the above, you should consider some of the following factors:

• Major Focus - How much a school focuses on economics students vs. other majors.
• Major Demand - How many other economics students want to attend this school to pursue a master's degree.
• Educational Resources - The amount of money and other resources allocated to students while they are pursuing their degree. These resources include such things as number of students per instructor and education expenditures per student.
• Student Debt - How much debt economics students go into to obtain their master's degree and how well they are able to pay back that debt.
• Accreditation - Whether a school is regionally accredited and/or accredited by a recognized economics related body.

Our full ranking methodology documents in more detail how we consider these factors to identify the best schools for economics students working on their master's degree.

One Size Does Not Fit All

When choosing the right school for you, it's important to arm yourself with all the facts you can. To that end, we've created a number of major-specific rankings, including this Best Economics Master's Degree Schools in Michigan list to help you make the college decision.

Best Schools for Master’s Students to Study Economics in Michigan

Below you'll see a list of the best colleges and universities for pursuing a master's degree in economics.

Top Michigan Schools for a Master's in Economics

1

University of Michigan - Ann Arbor
Ann Arbor, MI

80 Annual Graduates

University of Michigan - Ann Arbor is one of the finest schools in the country for getting a master's degree in economics. U-M is a very large public university located in the midsize city of Ann Arbor.More information about a master’s in economics from University of Michigan - Ann Arbor

2

Western Michigan University
Kalamazoo, MI

10 Annual Graduates

Western Michigan University is a wonderful choice for students pursuing a master's degree in economics. Located in the small city of Kalamazoo, WMU is a public university with a fairly large student population.More information about a master’s in economics from Western Michigan University

3

Wayne State University
Detroit, MI

15 Annual Graduates

Wayne State University is one of the finest schools in the country for getting a master's degree in economics. Wayne State is a fairly large public university located in the city of Detroit.More information about a master’s in economics from Wayne State University

Best Economics Colleges in the Great Lakes Region

Explore all the Best Economics Colleges in the Great Lakes Area or other specific states within that region.

State	Colleges	Degrees Awarded
Illinois	221	259
Ohio	207	185
Indiana	191	71
Wisconsin	173	231

View All Rankings >

Economics Related Rankings by Major

One of 13 majors within the Social Sciences area of study, Economics has other similar majors worth exploring.

Economics Concentrations

Major	Annual Graduates
General Economics	56
Applied Economics	52
Econometrics & Quantitative Economics	25
Development Economics & International Development	12
Other Economics	7

Majors Similar to Economics

Related Major	Annual Graduates
Political Science & Government	32
Anthropology	26
Sociology	25
Geography & Cartography	19
General Social Sciences	4
Archeology	2
Other Social Sciences	2

Notes and References

• The bars on the spread charts above show the distribution of the schools on this list +/- one standard deviation from the mean.
• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Credit for the banner image above goes to pixabay. More about our data sources and methodologies.