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2022 Best Value Economics Schools for a Master’s in Michigan

7 Ranked Colleges
143 Degrees Awarded
$31,800 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Master's in Michigan

When pursuing a degree in today’s world, students have many different options to choose from. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Economics Schools for a Master’s in Michigan” ranking.

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 Value Economics Schools for a Master’s in Michigan” ranking analyzed 7 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.

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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 Value Economics Schools for a Master’s in Michigan” list, to help you choose the best school for you.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most 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 Master’s in Michigan

The following schools top our list of the Best Best Value Economics Schools for a Master’s in Michigan.

Top 7 Best Value Master’s Degree Colleges for Economics 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 Value Economics Schools for a Master’s in Michigan list. Located in Ann Arbor, Michigan, this large public school handed out 63 degrees to qualified masters’s economics students in 2019-2020.

U-M also took the #1 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at U-M are $49,548, but some majors have different tuition rates.

Full University of Michigan - Ann Arbor Economics Report

#2

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 #2 for the Best Value Economics Schools for a Master’s in Michigan. Michigan State University is a large school located in East Lansing, Michigan that handed out 9 masters’s economics degrees in 2019-2020.

Michigan State also took the #2 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Michigan State University are $37,056, but some majors have different tuition rates.

Read full report on Economics at Michigan State University

#3

Western Michigan University

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

You’ll join some of the best and brightest minds around if you attend Western Michigan University. The school came in at #3 for the Best Value Economics Schools for a Master’s in Michigan. Located in Kalamazoo, Michigan, this fairly large public school handed out 11 degrees to qualified masters’s economics students in 2019-2020.

WMU also made our “Best Economics Master’s Degree Schools in Michigan” list, coming in at #4. Average graduate tuition and fees at WMU are $31,355, but you may pay more or less depending on your major.

Full Western Michigan University Economics Report

#4

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 #4 on our 2022 Best Value Economics Schools for a Master’s in Michigan list. This small school is located in Detroit, Michigan, and it awarded 18 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at Detroit Mercy, the school also landed the #3 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at University of Detroit Mercy are $20,047, but some majors have different tuition rates.

Full Detroit Mercy Economics Report

#5

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 #5 for the Best Value Economics Schools for a Master’s in Michigan. Central Michigan University is a public institution located in Mount Pleasant, Michigan. The school has a fairly large population, and it awarded 14 masters’s degrees in 2019-2020.

In addition to being on our michigan master’s degree economics students list, Central Michigan has also earned the #6 rank in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Central Michigan University are $19,359, but some majors have different tuition rates.

Read more about Economics at Central Michigan University

#6

Eastern Michigan University

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

Eastern Michigan University landed the #6 spot on the 2022 Best Value Economics Schools for a Master’s in Michigan ranking. Eastern Michigan 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.

In addition to being on our michigan master’s degree economics students list, Eastern Michigan has also earned the #5 rank in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Eastern Michigan University are $26,552, but some majors have different tuition rates.

Read full report on Economics at Eastern Michigan University

#7

Wayne State University

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

Wayne State University did quite well in the 2022 Best Value Economics Schools for a Master’s in Michigan ranking, coming in at #7. Wayne State University is a large school located in Detroit, Michigan that handed out 16 masters’s economics 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 you may pay more or less depending on your major.

Read more about Economics at Wayne State

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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