by our College Data Analytics TeamHere, you'll find out more about the major, including such details as the number of graduates, what degree levels are offered, ethnicity of students, average salaries, and more. We've also included details on how Northwestern ranks compared to other colleges offering a major in economics.
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Ranked at #2 in College Factual's most recent rankings, Northwestern is in the top 1% of the country for economics students pursuing a bachelor's degree. It is also ranked #2 in Illinois.
During the 2020-2021 academic year, Northwestern University handed out 351 bachelor's degrees in economics. This is an increase of 4% over the previous year when 338 degrees were handed out.
In 2021, 32 students received their master’s degree in economics from Northwestern. This makes it the #36 most popular school for economics master’s degree candidates in the country.
In addition, 19 students received their doctoral degrees in economics in 2021, making the school the #17 most popular school in the United States for this category of students.
The median salary of economics students who receive their bachelor's degree at Northwestern is $71,488. 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 Northwestern, economics students borrow a median amount of $16,227 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.
The typical student loan payment of a bachelor's degree student from the economics program at Northwestern is $546 per month.
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 Northwestern University.
The economics program at Northwestern awarded 351 bachelor's degrees in 2020-2021. About 64% of these degrees went to men with the other 36% going to women.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 69 |
| Black or African American | 7 |
| Hispanic or Latino | 35 |
| White | 141 |
| Non-Resident Aliens | 73 |
| Other Races | 26 |
The economics program at Northwestern awarded 32 master's degrees in 2020-2021. About 81% of these degrees went to men with the other 19% going to women.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 1 |
| Non-Resident Aliens | 30 |
| Other Races | 0 |
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 140 |
| Sociology | 44 |
| International Relations & National Security | 42 |
| Anthropology | 23 |
| Geography & Cartography | 8 |
More about our data sources and methodologies.
