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2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k

8 Ranked Colleges
143 Degrees Awarded
$31,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Master's in Michigan For Those Making $48-$75k

When it comes to choosing a college, students have a lot of options - but not all of them are good. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k” ranking is one tool we have developed to help in this regard.

In 2019-2020, 48,831 people earned their degree in economics, making the major the 18th most popular in the United States. 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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the master’s degree level specifically, there were 143 economics graduates with average earnings and debt of $58,608 and $41,198 respectively.

This year’s “Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k” ranking analyzed 8 colleges that offered a degree in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k” ranking, along with many other major-related rankings, to help you make that decision.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k

The following schools top our list of the Best Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k.

Top 8 Best Value Master’s Degree Colleges for Economics (Income $48-$75k) in Michigan

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan
#1 in overall quality
$49,548 Avg Grad Tuition & Fees

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 63 masters’s economics degrees in 2019-2020.

U-M also made our “Best Economics Master’s Degree Schools in Michigan” list, coming in at #1. Although you might pay more or less depending on your area of study, average graduate tuition and fees at U-M are $49,548.

Read more about Economics at University of Michigan - Ann Arbor

#2

University of Detroit Mercy

Detroit, Michigan
#3 in overall quality
$20,047 Avg Grad Tuition & Fees
$69,338 Average Early-Career Earnings

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k that were part of this year’s ranking, University of Detroit Mercy landed the #2 spot on the list. This small school is located in Detroit, Michigan, and it awarded 18 masters’s economics degrees in 2019-2020.

Detroit Mercy not only placed well in this ranking. It is also #3 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at University of Detroit Mercy are $20,047, but you may pay more or less depending on your major.

Read more about Economics at University of Detroit Mercy

#3

Wayne State University

Detroit, Michigan
#7 in overall quality
$37,215 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Wayne State University. It ranked #3 on our 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k list. Wayne State University is a public institution located in Detroit, Michigan. The school has a large population, and it awarded 16 masters’s degrees in 2019-2020.

Wayne State also made our “Best Economics Master’s Degree Schools in Michigan” list, coming in at #7. Average graduate tuition and fees at Wayne State are $37,215, but some majors have different tuition rates.

Full Wayne State Economics Report

#4

Central Michigan University

Mount Pleasant, Michigan
#6 in overall quality
$19,359 Avg Grad Tuition & Fees

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k that were part of this year’s ranking, Central Michigan University landed the #4 spot on the list. This fairly large school is located in Mount Pleasant, Michigan, and it awarded 14 masters’s economics degrees in 2019-2020.

Central Michigan did well in our major quality rankings, too. It placed #6 on our “Best Economics Master’s Degree Schools in Michigan” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Central Michigan University are $19,359.

Read full report on Economics at Central Michigan University

#5

Michigan State University

East Lansing, Michigan
#2 in overall quality
$37,056 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Michigan State University. It ranked #5 on our 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k list. Michigan State is a large public school situated in East Lansing, Michigan. It awarded 9 masters’s economics degrees in 2019-2020.

Michigan State not only placed well in this ranking. It is also #2 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at Michigan State are $37,056, but some majors have different tuition rates.

Read more about Economics at Michigan State

#6

Eastern Michigan University

Ypsilanti, Michigan
#5 in overall quality
$26,552 Avg Grad Tuition & Fees

Eastern Michigan University came in at #6 in this year’s edition of the Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k ranking. Eastern Michigan University is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 9 masters’s degrees in 2019-2020.

Eastern Michigan also took the #5 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Eastern Michigan are $26,552, but some majors have different tuition rates.

Read full report on Economics at Eastern Michigan

#7

Western Michigan University

Kalamazoo, Michigan
#4 in overall quality
$31,355 Avg Grad Tuition & Fees

Western Michigan University landed the #7 spot on the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k ranking. This fairly large school is located in Kalamazoo, Michigan, and it awarded 11 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at WMU, the school also landed the #4 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Western Michigan University are $31,355, but you may pay more or less depending on your major.

Read full report on Economics at Western Michigan University

#8

Andrews University

Berrien Springs, Michigan
$28,910 Avg Grad Tuition & Fees
$41,025 Average Early-Career Earnings

With a ranking of #8, Andrews University did quite well on the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $48-$75k list. This small school is located in Berrien Springs, Michigan, and it awarded 2 masters’s economics degrees in 2019-2020.

In addition to being on our michigan master’s degree economics students whose families make $48-$75k list, Andrews has also earned the #0 rank in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Andrews University are $28,910, but some majors have different tuition rates.

Read more about Economics at Andrews University

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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