by our College Data Analytics TeamThe main focus area for this major is General Economics. For more details on this concentration, visit its profile page.
Economics is a major offered under the social sciences program of study at McDaniel College. 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, and more.
If there’s something special you’re looking for, you can use one of the links below to find it:
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.
If you're having trouble deciding which school is best for you, you may want to check out our many college rankings. The bachelor's program at McDaniel was ranked #358 on College Factual's Best Schools for economics list. It is also ranked #11 in Maryland.
Here are some of the other rankings for McDaniel.
In 2019-2020, the average part-time undergraduate tuition at McDaniel was $1,434 per credit hour for both in-state and out-of-state students. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $45,876 | $45,876 |
| Books and Supplies | $1,200 | $1,200 |
| On Campus Room and Board | $12,246 | $12,246 |
| On Campus Other Expenses | $1,720 | $1,720 |
Learn more about McDaniel tuition and fees.
The median early career salary of economics students who receive their bachelor’s degree from McDaniel is $48,041 per year. That is 3% higher than the national average of $46,790.
McDaniel does not offer an online option for its economics bachelor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the McDaniel Online Learning page.
About 25.0% of the students who received their Bachelor’s in economics in 2019-2020 were women. This is less than the nationwide number of 33.7%.
Around 50.0% of economics bachelor’s degree recipients at McDaniel in 2019-2020 were awarded to racial-ethnic minorities*. This is higher than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 1 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 2 |
| International Students | 0 |
| Other Races/Ethnicities | 1 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 4 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 34 |
| Sociology | 20 |
*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.
