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. Also, learn how UChicago ranks among other schools offering degrees in economics.
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The bachelor's program at UChicago was ranked #1 on College Factual's Best Schools for economics list. It is also ranked #1 in Illinois.
During the 2020-2021 academic year, University of Chicago handed out 491 bachelor's degrees in economics. This is an increase of 16% over the previous year when 423 degrees were handed out.
In 2021, 68 students received their master’s degree in economics from UChicago. This makes it the #16 most popular school for economics master’s degree candidates in the country.
In addition, 43 students received their doctoral degrees in economics in 2021, making the school the #1 most popular school in the United States for this category of students.
Economics majors who earn their bachelor's degree from UChicago go on to jobs where they make a median salary of $82,564 a year. This is higher than $45,868, which is the national median for all economics bachelor's degree recipients.
While getting their bachelor's degree at UChicago, economics students borrow a median amount of $13,197 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 University of Chicago.
Of the 491 economics students who graduated with a bachelor's degree in 2020-2021 from UChicago, about 62% were men and 38% were women.
The following table and chart show the ethnic background for students who recently graduated from University of Chicago with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 128 |
| Black or African American | 5 |
| Hispanic or Latino | 46 |
| White | 154 |
| Non-Resident Aliens | 118 |
| Other Races | 40 |
For the most recent academic year available, 57% of economics master's degrees went to men and 43% went to women.
The following table and chart show the ethnic background for students who recently graduated from University of Chicago with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 2 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 6 |
| Non-Resident Aliens | 58 |
| Other Races | 1 |
| Related Major | Annual Graduates |
|---|---|
| General Social Sciences | 185 |
| International Relations & National Security | 162 |
| Political Science & Government | 139 |
| Sociology | 68 |
| Anthropology | 62 |
More about our data sources and methodologies.
