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2023 Most Focused Bachelor’s Degree Colleges for Economics in the Great Lakes Region

143 Ranked Colleges
5,570 Degrees Awarded
$46,675 Avg Salary
Schools for a Bachelor's Highly Focused on Economics Major in the Great Lakes Region

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 “Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region” ranking is part of that endeavor.

Economics is the 19th most popular major in the country with 47,809 degrees awarded in 2021-2022. In , economics graduates who were awarded their degree in , earned an average of $48,722 and had an average of $21,489 in loans still to pay off.

Across the Great Lakes region, there were 6,646 economics graduates with average earnings and debt of $48,027 and $22,451 respectively. At the bachelor’s degree level specifically, there were 5,570 economics graduates with average earnings and debt of $40,415 and $23,858 respectively.

For this year’s “Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region” ranking, we looked at 143 colleges that offer a degree in economics. This a ranking of the schools where the largest percentage of students has enrolled in economics.

Check out our ranking methodology for more information.

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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region” ranking, along with many other major-related rankings, to help you make that decision.

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. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region

The colleges and universities below are the best for great lakes region bachelor’s degree economics students.

Top 25 Most Focused Bachelor’s Degree Colleges for Economics in the Great Lakes Region

1
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DePauw University
Greencastle, Indiana

You’ll join some of the best and brightest minds around if you attend DePauw University. The school came in at #1 for the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region. Located in Greencastle, Indiana, this small private not-for-profit school awarded 61 degrees to qualified bachelors’s economics students in 2021-2022.

The undergraduate student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The school has an excellent freshman retention rate of 88%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%.

Read more about Economics at DePauw

2
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Denison University
Granville, Ohio

You’ll join some of the best and brightest minds around if you attend Denison University. The school came in at #2 for the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region. This small school is located in Granville, Ohio, and it awarded 77 bachelors’s economics degrees in 2021-2022.

Students who start out at the school are likely to stick around. The freshman retention rate is 87%. With a undergrad student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The undergrad student loan default rate at the school is 0.6%, which is quite low when compared to the national default rate of 10.1%.

Read more about Economics at Denison

3
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Wabash College
Crawfordsville, Indiana

You’ll be in good company if you decide to attend Wabash College. It ranked #3 on our 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. Located in Crawfordsville, Indiana, this small private not-for-profit school handed out 23 degrees to qualified bachelors’s economics students in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%. With a undergrad student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year.

Read more about Economics at Wabash

4
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Albion College
Albion, Michigan

Out of the 143 schools in the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region that were part of this year’s ranking, Albion College landed the #4 spot on the list. Albion College is a small school located in Albion, Michigan that handed out 13 bachelors’s economics degrees in 2021-2022.

The undergrad student loan default rate at the school is 1.9%, which is quite low when compared to the national default rate of 10.1%.

Read full report on Economics at Albion College

5
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Hillsdale College
Hillsdale, Michigan

You’ll be in good company if you decide to attend Hillsdale College. It ranked #5 on our 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. Hillsdale, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 45 students in 2021-2022.

The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. The undergraduate student-to-faculty ratio of 8 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read more about Economics at Hillsdale College

6
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Principia College
Elsah, Illinois

Principia College did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #6. This small school is located in Elsah, Illinois, and it awarded 5 bachelors’s economics degrees in 2021-2022.

Since the school has a undergrad student-to-faculty ratio of 5 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Read full report on Economics at Principia

7
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Kenyon College
Gambier, Ohio

Kenyon College came in at #7 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. Gambier, Ohio is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 61 students in 2021-2022.

The low undergrad student loan default rate of 0.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 91%, the school does an excellent job of retaining its undergraduate students. The undergraduate student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Economics at Kenyon

8
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University of Chicago
Chicago, Illinois

University of Chicago did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #8. UChicago is located in Chicago, Illinois and, has a fairly large student population. In 2021-2022, this school awarded 634 bachelors’s economics degrees to qualified students.

With a freshman retention rate of 99%, the school does an excellent job of retaining its undergraduate students. The undergrad student loan default rate at the school is 0.5%, which is quite low when compared to the national default rate of 10.1%. The undergraduate student-to-faculty ratio of 5 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Economics at UChicago

9
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Lake Forest College
Lake Forest, Illinois

Lake Forest College did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #9. This small school is located in Lake Forest, Illinois, and it awarded 36 bachelors’s economics degrees in 2021-2022.

The undergrad student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 87%, the school does an excellent job of retaining its undergraduate students.

Read more about Economics at Lake Forest

10
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Knox College
Galesburg, Illinois

Knox College ranked #10 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. Knox is a small private not-for-profit school situated in Galesburg, Illinois. It awarded 18 bachelors’s economics degrees in 2021-2022.

The undergrad student loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%.

Full Knox Economics Report

11
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Lawrence University
Appleton, Wisconsin

Lawrence University landed the #11 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. Lawrence U is a small private not-for-profit school situated in Appleton, Wisconsin. It awarded 28 bachelors’s economics degrees in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 0.3%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 89%, the school does an excellent job of retaining its undergraduate students. The impressive undergraduate student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.

Full Lawrence U Economics Report

12
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University of Notre Dame
Notre Dame, Indiana

University of Notre Dame ranked #12 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. This fairly large school is located in Notre Dame, Indiana, and it awarded 245 bachelors’s economics degrees in 2021-2022.

Since the school has a undergrad student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an impressive undergrad student loan default rate. It’s only 0.2%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 98%.

Full University of Notre Dame Economics Report

13
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Monmouth College
Monmouth, Illinois

Monmouth College ranked #13 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. Monmouth is a small private not-for-profit school situated in Monmouth, Illinois. It awarded 15 bachelors’s economics degrees in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 0.5%, which is much lower than the national rate of 10.1%. The undergraduate student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Economics at Monmouth

14
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Ripon College
Ripon, Wisconsin

Ripon College did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #14. Ripon College is a small private not-for-profit school situated in Ripon, Wisconsin. It awarded 1 bachelors’s economics degrees in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 2.2%, which is much lower than the national rate of 10.1%.

Read full report on Economics at Ripon College

15
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Beloit College
Beloit, Wisconsin

Beloit College came in at #15 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. Beloit College is a private not-for-profit institution located in Beloit, Wisconsin. The school has a small population, and it awarded 12 bachelors’s degrees in 2021-2022.

The undergrad student loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%. Since the school has a undergrad student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 88%, the school does an excellent job of retaining its undergraduate students.

Full Beloit Economics Report

16
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Oberlin College
Oberlin, Ohio

With a ranking of #16, Oberlin College did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. This small school is located in Oberlin, Ohio, and it awarded 54 bachelors’s economics degrees in 2021-2022.

With a freshman retention rate of 91%, the school does an excellent job of retaining its undergraduate students. The undergrad student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%. The undergraduate student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Full Oberlin Economics Report

17
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Kalamazoo College
Kalamazoo, Michigan

With a ranking of #17, Kalamazoo College did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. K College is a small private not-for-profit school situated in Kalamazoo, Michigan. It awarded 20 bachelors’s economics degrees in 2021-2022.

The undergrad student loan default rate at the school is 0.3%, which is quite low when compared to the national default rate of 10.1%. The impressive undergraduate student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.

Full Kalamazoo College Economics Report

18
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Wheaton College Illinois
Wheaton, Illinois

Wheaton College Illinois did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #18. Wheaton College Illinois is a small school located in Wheaton, Illinois that handed out 40 bachelors’s economics degrees in 2021-2022.

With a freshman retention rate of 89%, the school does an excellent job of retaining its undergraduate students.

Read full report on Economics at Wheaton College Illinois

19
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Hanover College
Hanover, Indiana

Hanover College landed the #19 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. Located in Hanover, Indiana, this small private not-for-profit school awarded 10 degrees to qualified bachelors’s economics students in 2021-2022.

The undergrad student loan default rate at the school is 2.5%, which is quite low when compared to the national default rate of 10.1%.

Read full report on Economics at Hanover College

20

University of Michigan - Ann Arbor ranked #20 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. University of Michigan - Ann Arbor is a public institution located in Ann Arbor, Michigan. The school has a large population, and it awarded 618 bachelors’s degrees in 2021-2022.

The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 0.2%, which is quite low when compared to the national default rate of 10.1%.

Full University of Michigan - Ann Arbor Economics Report

21
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Northwestern University
Evanston, Illinois

With a ranking of #21, Northwestern University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. Located in Evanston, Illinois, this large private not-for-profit school awarded 335 degrees to qualified bachelors’s economics students in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 0.1%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 99%, the school does an excellent job of retaining its undergraduate students. Since the school has a undergrad student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Read more about Economics at Northwestern University

22

University of Wisconsin - Madison came in at #22 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. University of Wisconsin - Madison is a large school located in Madison, Wisconsin that handed out 546 bachelors’s economics degrees in 2021-2022.

The undergrad student loan default rate at the school is 0.2%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.

Read full report on Economics at UW - Madison

23
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Illinois College
Jacksonville, Illinois

Illinois College came in at #23 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. Illinois College is a private not-for-profit institution located in Jacksonville, Illinois. The school has a small population, and it awarded 14 bachelors’s degrees in 2021-2022.

The undergrad student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%.

Read more about Economics at Illinois College

24

With a ranking of #24, University of Illinois at Urbana-Champaign did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region list. Located in Champaign, Illinois, this large public school handed out 387 diplomas to qualified bachelors’s economics students in 2021-2022.

The undergrad student loan default rate at the school is 0.6%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year.

Read more about Economics at UIUC

25
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Saint Norbert College
De Pere, Wisconsin

Saint Norbert College landed the #25 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in the Great Lakes Region ranking. De Pere, Wisconsin is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 29 students in 2021-2022.

The undergrad student loan default rate at the school is 1.4%, which is quite low when compared to the national default rate of 10.1%.

Read more about Economics at Saint Norbert College

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