by our College Data Analytics TeamThe main focus area for this major is Econometrics & Quantitative Economics. For more details on this concentration, visit its profile page.
Economics is a major offered under the social sciences program of study at Massachusetts Institute of Technology. We’ve pulled together some essential information you should know about the bachelor’s degree program in economics, including how many students graduate each year, the ethnic diversity of these students, whether or not the degree is offered online, and more.
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Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.
In order to help students and their parents find the best school for them, we have created several different types of college rankings, which are updated yearly. The economics major at MIT is not ranked on College Factual’s Best Colleges and Universities for Economics. This could be for a number of reasons, such as not having enough data on the major or school to make an accurate assessment of its quality.
Here are some of the other rankings for MIT.
In 2019-2020, the average part-time undergraduate tuition at MIT was $860 per credit hour for both in-state and out-of-state students. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $53,450 | $53,450 |
| Books and Supplies | $830 | $830 |
| On Campus Room and Board | $16,000 | $16,000 |
| On Campus Other Expenses | $2,182 | $2,182 |
Learn more about MIT tuition and fees.
Online degrees for the MIT economics bachelor’s degree program are not available at this time. To see if the school offers distance learning options in other areas, visit the MIT Online Learning page.
About 44.4% of the students who received their Bachelor’s in economics in 2019-2020 were women. This is higher than the nationwide number of 33.7%.
Racial-ethnic minority graduates* made up 55.6% of the economics bachelor’s degrees at MIT in 2019-2020. This is higher than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 13 |
| Black or African American | 3 |
| Hispanic or Latino | 8 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 14 |
| International Students | 5 |
| Other Races/Ethnicities | 2 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| Econometrics & Quantitative Economics | 45 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Anthropology | 1 |
| Political Science & Government | 7 |
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
More about our data sources and methodologies.
