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2022 Best Value Master’s Degree Colleges for Economics (Income Over $110k) in Michigan

8 Ranked Colleges
143 Degrees Awarded
$31,500 Avg Grad Tuition & Fees*
Best Vallue Economics Schools for a Master's in Michigan For Those Making Over $110k

When pursuing a degree in today’s world, students have many different options to choose from. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k” 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 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 Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k” ranking analyzed 8 colleges that offered a degree in economics. Not only do the schools that top this list have excellent economics programs, but they also 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.

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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k” list, to help you choose the best school for you.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

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Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k

The following schools top our list of the Best Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k.

Top 8 Best Value Master’s Degree Colleges for Economics (Income Over $110k) in Michigan

#1

University of Michigan - Ann Arbor

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

You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2022 Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k list. University of Michigan - Ann Arbor is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 63 masters’s economics degrees to qualified students.

U-M did well in our major quality rankings, too. It placed #1 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at U-M are $49,548, but some majors have different tuition rates.

Read full report on Economics at U-M

#2

University of Detroit Mercy

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

You’ll be in good company if you decide to attend University of Detroit Mercy. It ranked #2 on our 2022 Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k list. Detroit Mercy is a small private not-for-profit school situated in Detroit, Michigan. It awarded 18 masters’s economics degrees in 2019-2020.

Detroit Mercy also took the #3 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Detroit Mercy are $20,047, but you may pay more or less depending on your major.

Full Detroit Mercy Economics Report

#3

Central Michigan University

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

You’ll join some of the best and brightest minds around if you attend Central Michigan University. The school came in at #3 for the Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k. Central Michigan University is located in Mount Pleasant, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 14 masters’s economics degrees to qualified students.

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.

Full Central Michigan University Economics Report

#4

Wayne State University

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

Out of the 8 schools in the Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k that were part of this year’s ranking, Wayne State University landed the #4 spot on the list. Wayne State University is a large school located in Detroit, Michigan that handed out 16 masters’s economics degrees in 2019-2020.

Wayne State did well in our major quality rankings, too. It placed #7 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 Wayne State University are $37,215.

Read more about Economics at Wayne State

#5

Michigan State University

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

You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #5 for the Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k. Michigan State University 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 you may pay more or less depending on your major.

Full Michigan State Economics Report

#6

Eastern Michigan University

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

Eastern Michigan University ranked #6 on this year’s Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k list. Ypsilanti, Michigan is the setting for this fairly large institution of higher learning. The public school handed out masters’s economics degrees to 9 students 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 you may pay more or less depending on your major.

Full Eastern Michigan Economics Report

#7

Western Michigan University

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

Western Michigan University ranked #7 on this year’s Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k list. Western Michigan University is a fairly large public school situated in Kalamazoo, Michigan. 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 WMU are $31,355, but some majors have different tuition rates.

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

Andrews University did quite well in the 2022 Best Vallue Economics Schools for a Master’s in Michigan For Those Making Over $110k ranking, coming in at #8. This small school is located in Berrien Springs, Michigan, and it awarded 2 masters’s economics degrees in 2019-2020.

Andrews also took the #0 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Andrews are $28,910, but you may pay more or less depending on your major.

Full Andrews 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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