by our College Data Analytics TeamEconomics is a major offered under the social sciences program of study at Northwestern University. 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.
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. In College Factual's most recent rankings for the best schools for economics majors, Northwestern came in at #10. This puts it in the top 5% of the country in this field of study. It is also ranked #2 in Illinois.
Here are some of the other rankings for Northwestern.
During the 2019-2020 academic year, part-time undergraduate students at Northwestern paid an average of $6,901 per credit hour. No discount was available for in-state students. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $58,227 | $58,227 |
| Fees | $474 | $474 |
| Books and Supplies | $1,662 | $1,662 |
| On Campus Room and Board | $17,616 | $17,616 |
| On Campus Other Expenses | $3,304 | $3,304 |
Learn more about Northwestern tuition and fees.
One way to think about how much a school will cost is to look at how much in student loans that you have to take out to get your degree. Economics students who received their bachelor’s degree at Northwestern took out an average of $14,666 in student loans. That is 31% lower than the national average of $21,243.
The median early career salary of economics students who receive their bachelor’s degree from Northwestern is $70,545 per year. That is 51% higher than the national average of $46,790.
Online degrees for the Northwestern 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 Northwestern Online Learning page.
Of the students who received their bachelor’s degree in economics in 2019-2020, 29.0% of them were women. This is less than the nationwide number of 33.7%.
Of those graduates who received a bachelor’s degree in economics at Northwestern in 2019-2020, 36.4% were racial-ethnic minorities*. This is higher than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 72 |
| Black or African American | 3 |
| Hispanic or Latino | 31 |
| Native American or Alaska Native | 1 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 144 |
| International Students | 64 |
| Other Races/Ethnicities | 23 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 7 |
| Econometrics & Quantitative Economics | 331 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| General Social Sciences | 3 |
| Anthropology | 26 |
| Geography & Cartography | 1 |
| International Relations & National Security | 37 |
| Political Science & Government | 121 |
*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.
