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2022 Best Value Economics Schools for a Doctorate For Those Getting Aid

119 Ranked Colleges
1,219 Degrees Awarded
$36,900 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Doctorate For Those Getting Aid

When pursuing a degree in today’s world, students have many different options to choose from. College Factual has developed its “Best Value Economics Schools for a Doctorate For Those Getting Aid” ranking as one item you can use to help make this decision.

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.

At the doctor’s degree level specifically, there were 1,219 economics graduates with average earnings and debt of $72,680 and $116,043 respectively.

This year’s “Best Value Economics Schools for a Doctorate For Those Getting Aid” ranking analyzed 119 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.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the economics program at the school. For more information, check out our ranking methodology.

One Size Does Not Fit All

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 For Those Getting Aid”.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.

Best Value Economics Schools for a Doctorate For Those Getting Aid

The colleges and universities below are the best for doctor’s degree economics students with aid.

Top 25 Best Value Doctor’s Degree Colleges for Economics (With Aid)

#1

Yale University

New Haven, Connecticut
#4 in overall quality

Out of the 119 schools in the Best Value Economics Schools for a Doctorate For Those Getting Aid that were part of this year’s ranking, Yale University landed the #1 spot on the list. This fairly large school is located in New Haven, Connecticut, and it awarded 16 doctorate’s economics degrees in 2019-2020.

In addition to being on our doctor’s degree economics students with aid list, Yale has also earned the #4 rank in our “Best Economics Doctor’s Degree Schools” ranking. Average graduate tuition and fees at Yale are $44,500, but some majors have different tuition rates.

Full Yale University Economics Report

#2

Harvard University

Cambridge, Massachusetts
#2 in overall quality

You’ll be in good company if you decide to attend Harvard University. It ranked #2 on our 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. Harvard University is a large school located in Cambridge, Massachusetts that handed out 39 doctorate’s economics degrees in 2019-2020.

Harvard also made our “Best Economics Doctor’s Degree Schools” list, coming in at #2. Average graduate tuition and fees at Harvard are $50,654, but some majors have different tuition rates.

Read full report on Economics at Harvard University

#3

University of North Carolina at Chapel Hill

Chapel Hill, North Carolina

You’ll be in good company if you decide to attend University of North Carolina at Chapel Hill. It ranked #3 on our 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. UNC Chapel Hill is located in Chapel Hill, North Carolina and, has a large student population. In 2019-2020, this school awarded 7 doctorate’s economics degrees to qualified students.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at UNC Chapel Hill are $30,248.

Read full report on Economics at UNC Chapel Hill

#4

Princeton University

Princeton, New Jersey
#18 in overall quality

You’ll join some of the best and brightest minds around if you attend Princeton University. The school came in at #4 for the Best Value Economics Schools for a Doctorate For Those Getting Aid. Princeton, New Jersey is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out doctorate’s economics degrees to 10 students in 2019-2020.

As a testament to the quality of education offered at Princeton, the school also landed the #18 spot in our “Best Economics Doctor’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Princeton are $56,470.

Read full report on Economics at Princeton

You’ll be in good company if you decide to attend University of Washington - Seattle Campus. It ranked #5 on our 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. Located in Seattle, Washington, this large public school awarded 11 diplomas to qualified doctorate’s economics students in 2019-2020.

Average graduate tuition and fees at UW Seattle are $30,294, but some majors have different tuition rates.

Full UW Seattle Economics Report

#6

Stanford University

Stanford, California
#8 in overall quality

With a ranking of #6, Stanford University did quite well on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. This fairly large school is located in Stanford, California, and it awarded 14 doctorate’s economics degrees in 2019-2020.

In addition to being on our doctor’s degree economics students with aid list, Stanford has also earned the #8 rank in our “Best Economics Doctor’s Degree Schools” ranking. Average graduate tuition and fees at Stanford University are $55,011, but some majors have different tuition rates.

Full Stanford University Economics Report

#22 in overall quality

University of Wisconsin - Madison landed the #7 spot on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. University of Wisconsin - Madison is a large public school situated in Madison, Wisconsin. It awarded 28 doctorate’s economics degrees in 2019-2020.

UW - Madison did well in our major quality rankings, too. It placed #22 on our “Best Economics Doctor’s Degree Schools” list. Average graduate tuition and fees at UW - Madison are $25,523, but some majors have different tuition rates.

Full University of Wisconsin - Madison Economics Report

#15 in overall quality

With a ranking of #8, University of Michigan - Ann Arbor did quite well on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. Located in Ann Arbor, Michigan, this large public school awarded 20 degrees to qualified doctorate’s economics students in 2019-2020.

As a testament to the quality of education offered at U-M, the school also landed the #15 spot in our “Best Economics Doctor’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at U-M are $49,548.

Full University of Michigan - Ann Arbor Economics Report

University of California - San Diego came in at #9 in this year’s edition of the Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. UCSD is a large school located in La Jolla, California that handed out 22 doctorate’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UCSD, the school also landed the #19 spot in our “Best Economics Doctor’s Degree Schools” ranking. Average graduate tuition and fees at UCSD are $28,631, but some majors have different tuition rates.

Read more about Economics at UCSD

#10

University of Florida

Gainesville, Florida

University of Florida did quite well in the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking, coming in at #10. UF is located in Gainesville, Florida and, has a large student population. In 2019-2020, this school awarded 1 doctorate’s economics degrees to qualified students.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Florida are $30,130.

Read more about Economics at University of Florida

#11

Rice University

Houston, Texas
#14 in overall quality

Rice University landed the #11 spot on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. Located in Houston, Texas, this medium-sized private not-for-profit school handed out 5 diplomas to qualified doctorate’s economics students in 2019-2020.

Rice not only placed well in this ranking. It is also #14 on our “Best Economics Doctor’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Rice are $47,913.

Read full report on Economics at Rice University

#12

Purdue University - Main Campus

West Lafayette, Indiana

Purdue University - Main Campus ranked #12 on this year’s Best Value Economics Schools for a Doctorate For Those Getting Aid list. Purdue is a large public school situated in West Lafayette, Indiana. It awarded 7 doctorate’s economics degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Purdue are $28,794.

Read more about Economics at Purdue University - Main Campus

University of Illinois at Urbana-Champaign ranked #13 on this year’s Best Value Economics Schools for a Doctorate For Those Getting Aid list. University of Illinois at Urbana-Champaign is located in Champaign, Illinois and, has a large student population. In 2019-2020, this school awarded 15 doctorate’s economics degrees to qualified students.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at UIUC are $30,083.

Read full report on Economics at University of Illinois at Urbana-Champaign

#14

Indiana University - Bloomington

Bloomington, Indiana

Indiana University - Bloomington landed the #14 spot on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. Indiana University - Bloomington is a public institution located in Bloomington, Indiana. The school has a large population, and it awarded 9 doctorate’s degrees in 2019-2020.

Average graduate tuition and fees at IU Bloomington are $33,338, but you may pay more or less depending on your major.

Read more about Economics at IU Bloomington

#15

University of California - Los Angeles

Los Angeles, California
#23 in overall quality

With a ranking of #15, University of California - Los Angeles did quite well on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. This large school is located in Los Angeles, California, and it awarded 23 doctorate’s economics degrees in 2019-2020.

UCLA did well in our major quality rankings, too. It placed #23 on our “Best Economics Doctor’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UCLA are $28,131.

Read more about Economics at UCLA

#16

University of Pennsylvania

Philadelphia, Pennsylvania
#3 in overall quality

University of Pennsylvania came in at #16 in this year’s edition of the Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. University of Pennsylvania is a large private not-for-profit school situated in Philadelphia, Pennsylvania. It awarded 17 doctorate’s economics degrees in 2019-2020.

UPenn not only placed well in this ranking. It is also #3 on our “Best Economics Doctor’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UPenn are $41,760.

Read more about Economics at UPenn

The University of Texas at Dallas came in at #17 in this year’s edition of the Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. UT Dallas is located in Richardson, Texas and, has a large student population. In 2019-2020, this school awarded 4 doctorate’s economics degrees to qualified students.

Average graduate tuition and fees at UT Dallas are $28,610, but you may pay more or less depending on your major.

Read more about Economics at The University of Texas at Dallas

#18

University of Virginia - Main Campus

Charlottesville, Virginia
Top 25% in overall quality

University of Virginia - Main Campus landed the #18 spot on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. University of Virginia - Main Campus is a public institution located in Charlottesville, Virginia. The school has a large population, and it awarded 10 doctorate’s degrees in 2019-2020.

Average graduate tuition and fees at University of Virginia - Main Campus are $32,394, but some majors have different tuition rates.

Read full report on Economics at University of Virginia - Main Campus

#7 in overall quality

Columbia University in the City of New York came in at #19 in this year’s edition of the Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. New York, New York is the setting for this large institution of higher learning. The private not-for-profit school handed out doctorate’s economics degrees to 29 students in 2019-2020.

Columbia also took the #7 spot in our “Best Economics Doctor’s Degree Schools” ranking. Average graduate tuition and fees at Columbia University in the City of New York are $51,194, but you may pay more or less depending on your major.

Read full report on Economics at Columbia University in the City of New York

#20

University of California - Berkeley

Berkeley, California
#20 in overall quality

University of California - Berkeley landed the #20 spot on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. UC Berkeley is a large public school situated in Berkeley, California. It awarded 28 doctorate’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UC Berkeley, the school also landed the #20 spot in our “Best Economics Doctor’s Degree Schools” ranking. Average graduate tuition and fees at University of California - Berkeley are $29,347, but some majors have different tuition rates.

Read full report on Economics at University of California - Berkeley

Florida International University ranked #21 on this year’s Best Value Economics Schools for a Doctorate For Those Getting Aid list. Florida International University is a large school located in Miami, Florida that handed out 3 doctorate’s economics degrees in 2019-2020.

Average graduate tuition and fees at Florida International University are $24,211, but you may pay more or less depending on your major.

Read more about Economics at FIU

#22

Duke University

Durham, North Carolina
#1 in overall quality

With a ranking of #22, Duke University did quite well on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. Duke is located in Durham, North Carolina and, has a fairly large student population. In 2019-2020, this school awarded 18 doctorate’s economics degrees to qualified students.

Duke not only placed well in this ranking. It is also #1 on our “Best Economics Doctor’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Duke are $59,140.

Full Duke Economics Report

With a ranking of #23, Georgia Institute of Technology - Main Campus did quite well on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid list. Georgia Institute of Technology - Main Campus is a large public school situated in Atlanta, Georgia. It awarded 2 doctorate’s economics degrees in 2019-2020.

Average graduate tuition and fees at Georgia Institute of Technology - Main Campus are $31,334, but you may pay more or less depending on your major.

Read full report on Economics at Georgia Tech

The University of Texas at Austin did quite well in the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking, coming in at #24. Austin, Texas is the setting for this large institution of higher learning. The public school handed out doctorate’s economics degrees to 18 students in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at The University of Texas at Austin are $22,886.

Full The University of Texas at Austin Economics Report

University of Illinois at Chicago landed the #25 spot on the 2022 Best Value Economics Schools for a Doctorate For Those Getting Aid ranking. University of Illinois at Chicago is a large public school situated in Chicago, Illinois. It awarded 15 doctorate’s economics degrees in 2019-2020.

Average graduate tuition and fees at University of Illinois at Chicago are $27,036, but you may pay more or less depending on your major.

Full UIC 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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