by our College Data Analytics TeamWe've pulled together some essential information you should know about the program, including how many students graduate each year, the ethnic diversity of these students, average starting salaries, and more. In addition, we cover how Carnegie Mellon ranks in comparison to other schools with economics programs.
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Carnegie Mellon is in the top 10% of the country for economics. More specifically it was ranked #28 out of 497 schools by College Factual. It is also ranked #2 in Pennsylvania.
During the 2020-2021 academic year, Carnegie Mellon University handed out 63 bachelor's degrees in economics. This is an increase of 17% over the previous year when 54 degrees were handed out.
In 2021, 6 students received their master’s degree in economics from Carnegie Mellon. This makes it the #150 most popular school for economics master’s degree candidates in the country.
In addition, 7 students received their doctoral degrees in economics in 2021, making the school the #62 most popular school in the United States for this category of students.
Economics majors who earn their bachelor's degree from Carnegie Mellon go on to jobs where they make a median salary of $78,188 a year. This is great news for graduates of the program, since this figure is higher than the national average of $45,868 for all economics bachelor's degree recipients.
While getting their bachelor's degree at Carnegie Mellon, economics students borrow a median amount of $22,020 in student loans. This is not too bad considering that the median debt load of all economics bachelor's degree recipients across the country is $22,987.
Learn about other programs related to Economics that might interest you.
Take a look at the following statistics related to the make-up of the economics majors at Carnegie Mellon University.
Of the 63 economics students who graduated with a bachelor's degree in 2020-2021 from Carnegie Mellon, about 56% were men and 44% were women.
The following table and chart show the ethnic background for students who recently graduated from Carnegie Mellon University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 14 |
| Black or African American | 2 |
| Hispanic or Latino | 5 |
| White | 19 |
| Non-Resident Aliens | 15 |
| Other Races | 8 |
During the 2020-2021 academic year, 6 economics majors earned their master's degree from Carnegie Mellon. Of these graduates, 67% were men and 33% were women.
The majority of the students with this major are white. About 67% of 2021 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from Carnegie Mellon University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 4 |
| Non-Resident Aliens | 1 |
| Other Races | 1 |
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 24 |
| Urban Studies | 1 |
| Other Social Sciences | 1 |
More about our data sources and methodologies.
