2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region
19
Ranked Colleges
235
Degrees Awarded
$31,600
Avg Cost*
With all of the options students have for higher education today, it can be tough to choose which direction to take. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region” ranking.
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 doctor’s degree level specifically, there were 235 economics graduates with average earnings and debt of $74,470 and $126,402 respectively.
For this year’s “Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region” ranking, we looked at 19 colleges that offer a degree in economics. That schools that top this list have a program in economics in which the largest percentage of students at the school are enrolled.
For more information, check out our ranking methodology.
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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 “Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region”.
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Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region
The following schools top our list of the Best “Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region”.
Top 19 Most Focused Doctor’s Degree Colleges for Economics in the Great Lakes Region
You’ll be in good company if you decide to attend University of Chicago. It ranked #1 on our 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out doctorate’s economics degrees to 34 students 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. 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 school has an excellent freshman retention rate of 99%, which means students like the school well enough to return for a second year.
Read more about Economics at University of Chicago
You’ll be in good company if you decide to attend Northwestern University. It ranked #2 on our 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. This large school is located in Evanston, Illinois, and it awarded 31 doctorate’s economics degrees in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 99%. The low undergrad student loan default rate of 0.1% 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 undergrad student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read full report on Economics at Northwestern
You’ll join some of the best and brightest minds around if you attend University of Wisconsin - Madison. The school came in at #3 for the Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region. UW - Madison is a public institution located in Madison, Wisconsin. The school has a large population, and it awarded 24 doctorate’s degrees in 2021-2022.
With a freshman retention rate of 95%, the school does an excellent job of retaining its undergraduate students. 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%.
Read more about Economics at UW - Madison
You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #4 on our 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. UIUC is located in Champaign, Illinois and, has a large student population. In 2021-2022, this school awarded 31 doctorate’s economics degrees to qualified students.
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
Out of the 19 schools in the Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region that were part of this year’s ranking, Michigan State University landed the #5 spot on the list. This large school is located in East Lansing, Michigan, and it awarded 21 doctorate’s economics degrees in 2021-2022.
With a freshman retention rate of 92%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.8% 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%.
Full Michigan State Economics Report
Southern Illinois University Carbondale ranked #6 on this year’s Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. Located in Carbondale, Illinois, this fairly large public school awarded 6 degrees to qualified doctorate’s economics students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 2.4%, which is much lower than the national 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.
Read more about Economics at Southern Illinois University Carbondale
University of Notre Dame ranked #7 on this year’s Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. Notre Dame, Indiana is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out doctorate’s economics degrees to 6 students in 2021-2022.
With a freshman retention rate of 98%, the school does an excellent job of retaining its undergraduate students. 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 0.2%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at University of Notre Dame
Northern Illinois University landed the #8 spot on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. Northern Illinois University is located in Dekalb, Illinois and, has a fairly large student population. In 2021-2022, this school awarded 3 doctorate’s economics degrees to qualified students.
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 Northern Illinois University
University of Michigan - Ann Arbor landed the #9 spot on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. This large school is located in Ann Arbor, Michigan, and it awarded 20 doctorate’s economics degrees in 2021-2022.
With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.2% 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%.
Read more about Economics at University of Michigan - Ann Arbor
With a ranking of #10, Western Michigan University did quite well on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. Kalamazoo, Michigan is the setting for this fairly large institution of higher learning. The public school handed out doctorate’s economics degrees to 8 students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 2.0%, which is much lower than the national rate of 10.1%.
Read full report on Economics at WMU
With a ranking of #11, University of Illinois at Chicago did quite well on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. This large school is located in Chicago, Illinois, and it awarded 10 doctorate’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 0.7% 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%.
Read more about Economics at UIC
Ohio State University - Main Campus landed the #12 spot on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. Ohio State is a public institution located in Columbus, Ohio. The school has a large population, and it awarded 15 doctorate’s degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Read more about Economics at Ohio State University - Main Campus
Indiana University - Bloomington landed the #13 spot on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. Indiana University - Bloomington is located in Bloomington, Indiana and, has a large student population. In 2021-2022, this school awarded 5 doctorate’s economics degrees to qualified students.
The low undergrad student loan default rate of 1.4% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 90%.
Read more about Economics at Indiana University - Bloomington
University of Wisconsin - Milwaukee landed the #14 spot on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. UWM is a large public school situated in Milwaukee, Wisconsin. It awarded 2 doctorate’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 1.8% 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%.
Read full report on Economics at University of Wisconsin - Milwaukee
Purdue University - Main Campus ranked #15 on this year’s Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. Located in West Lafayette, Indiana, this large public school handed out 11 diplomas to qualified doctorate’s economics students in 2021-2022.
The low undergrad student loan default rate of 0.8% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 91%.
Full Purdue Economics Report
Wayne State University did quite well in the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #16. Detroit, Michigan is the setting for this large institution of higher learning. The public school handed out doctorate’s economics degrees to 5 students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 1.5%, which is much lower than the national rate of 10.1%.
Full Wayne State Economics Report
With a ranking of #17, Indiana University - Purdue University - Indianapolis did quite well on the 2023 Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region list. This large school is located in Indianapolis, Indiana, and it awarded 2 doctorate’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 1.3% 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%.
Full Indiana University - Purdue University - Indianapolis Economics Report
University of Cincinnati - Main Campus came in at #18 in this year’s edition of the Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. This large school is located in Cincinnati, Ohio, and it awarded 1 doctorate’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.7%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
Read full report on Economics at UC
Andrews University came in at #19 in this year’s edition of the Schools for a Doctorate Highly Focused on Economics Major in the Great Lakes Region ranking. This small school is located in Berrien Springs, Michigan, and it awarded 1 doctorate’s economics degrees in 2021-2022.
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. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The low undergrad student loan default rate of 0.7% 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%.
Read more about Economics at Andrews
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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
- *Avg Salary and Avg 4-Year Grad Rate 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
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