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2022 Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k

6 Ranked Colleges
95 Degrees Awarded
$36,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k

It’s not easy to decide which college to attend when there so many options available for students. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k” ranking is part of that endeavor.

Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.

Across Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the doctor’s degree level specifically, there were 95 economics graduates with average earnings and debt of $75,900 and $148,219 respectively.

This year’s “Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k” ranking looked at 6 colleges that offer degrees in a bachelor’s in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.

More Ways to Rank Economics Schools

The economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k”.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k

The following schools top our list of the Best Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k.

Top 6 Best Value Doctor’s Degree Colleges for Economics (Income $30-$48k) in Illinois

#1

Northwestern University

Evanston, Illinois
#1 in overall quality

Out of the 6 schools in the Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. This large school is located in Evanston, Illinois, and it awarded 20 doctorate’s economics degrees in 2019-2020.

As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but some majors have different tuition rates.

Read full report on Economics at Northwestern

#2

University of Chicago

Chicago, Illinois
#2 in overall quality

You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #2 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k. University of Chicago is a fairly large school located in Chicago, Illinois that handed out 37 doctorate’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UChicago, the school also landed the #2 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UChicago are $61,548.

Read full report on Economics at UChicago

#3 in overall quality

You’ll join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #3 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 15 doctorate’s degrees in 2019-2020.

UIUC also made our “Best Economics Doctor’s Degree Schools in Illinois” list, coming in at #3. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083.

Full University of Illinois at Urbana-Champaign Economics Report

#4 in overall quality

Out of the 6 schools in the Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k that were part of this year’s ranking, University of Illinois at Chicago landed the #4 spot on the list. Located in Chicago, Illinois, this large public school handed out 15 diplomas to qualified doctorate’s economics students in 2019-2020.

UIC did well in our major quality rankings, too. It placed #4 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UIC are $27,036.

Full UIC Economics Report

#5

Northern Illinois University

Dekalb, Illinois
#6 in overall quality

You’ll join some of the best and brightest minds around if you attend Northern Illinois University. The school came in at #5 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k. Northern Illinois University is a fairly large school located in Dekalb, Illinois that handed out 2 doctorate’s economics degrees in 2019-2020.

NIU did well in our major quality rankings, too. It placed #6 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at Northern Illinois University are $11,086, but you may pay more or less depending on your major.

Read full report on Economics at Northern Illinois University

#5 in overall quality

Southern Illinois University Carbondale did quite well in the 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Making $30-$48k ranking, coming in at #6. SIUC is located in Carbondale, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 6 doctorate’s economics degrees to qualified students.

SIUC also took the #5 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at SIUC are $32,928.

Full Southern Illinois University Carbondale Economics Report

Notes and References

References

  • 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 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).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

  • Credit for the banner image above goes to pixabay.

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