by our College Data Analytics TeamEconomics is a major offered under the social sciences program of study at University of Illinois at Urbana-Champaign. 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.
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. UIUC was ranked #64 on College Factual's most recent list of the best schools for economics majors. This puts the bachelor's program at the school solidly in the top 15% of all colleges and universities in the country. It is also ranked #3 in Illinois.
Here are some of the other rankings for UIUC.
Out-of-state part-time undergraduates at UIUC paid an average of $1,079 per credit hour in 2019-2020. The average for in-state students was $605 per credit hour. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $14,317 | $33,824 |
| Fees | $2,896 | $2,896 |
| Books and Supplies | $1,200 | $1,200 |
| On Campus Room and Board | $12,252 | $12,252 |
| On Campus Other Expenses | $2,500 | $2,500 |
Learn more about UIUC 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 UIUC took out an average of $19,500 in student loans. That is 8% lower than the national average of $21,243.
economics who receive their bachelor’s degree from UIUC make an average of $50,970 a year during the early days of their career. That is 9% higher than the national average of $46,790.
Online degrees for the UIUC 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 UIUC Online Learning page.
Women made up around 30.0% of the economics students who took home a bachelor’s degree in 2019-2020. This is less than the nationwide number of 33.7%.
Racial-ethnic minority graduates* made up 34.5% of the economics bachelor’s degrees at UIUC in 2019-2020. This is higher than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 119 |
| Black or African American | 8 |
| Hispanic or Latino | 32 |
| Native American or Alaska Native | 1 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 175 |
| International Students | 145 |
| Other Races/Ethnicities | 10 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 436 |
| Econometrics & Quantitative Economics | 54 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Anthropology | 23 |
| Geography & Cartography | 30 |
| Political Science & Government | 259 |
| Sociology | 65 |
*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.
