by our College Data Analytics TeamBelow are the key facts about this program at Illinois. Degrees are awarded at the Bachelor’s level, with graduate study also available. Its best result is a rank of #3 out of 13 schools (Bachelor’s level) by College Factual. Jump to any of the following sections:
College Factual ranks Illinois highly for economics, ranked #55 out of 471 schools nationally.
| Ranking | Rank |
|---|---|
| Best Economics Schools | 55 of 471 |
| Best Economics Schools in Illinois | 3 of 14 |
| Best Economics Schools in the Great Lakes Region | 6 of 57 |
The following degree levels are granted in economics at Illinois, along with how many graduates complete each level annually.
| Degree Level | Annual Graduates |
|---|---|
| Bachelor’s | 331 |
| Master’s | 90 |
| Doctoral | 23 |
For the most recent IPEDS reporting year, University of Illinois Urbana-Champaign awarded 331 bachelor’s degrees in economics.
Illinois is in the top 15% of the country for economics at the bachelor’s level. Specifically, it ranked #3 out of 13 schools by College Factual.
| Ranking | Rank |
|---|---|
| Best Economics Bachelor’s Degree Schools in Illinois | 3 |
| Best Economics Bachelor’s Degree Schools in the Great Lakes Region | 6 |
| Best Economics Bachelor’s Degree Schools | 57 |
Economics graduates with a bachelor’s degree from Illinois go on to jobs where they make a median salary of $75,600 a year. This is below $91,048, the median for all majors at Illinois.
While getting their bachelor’s degree at Illinois, economics students accumulate a median of $21,228 in student loans. This is above $20,796, the typical median for all majors at Illinois.
Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $12,254 | $36,804 |
| Fees | $3,292 | $3,292 |
Learn more about Illinois tuition and fees.
In the most recent graduating class, 65% of economics bachelor’s degrees went to men and 35% went to women.
The majority of economics bachelor’s degree graduates at Illinois are Non-Resident Alien. Approximately 35% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Illinois Urbana-Champaign with a bachelor’s in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 67 |
| Black or African American | 10 |
| Hispanic or Latino | 34 |
| White | 92 |
| Non-Resident Aliens | 117 |
| Other Races | 11 |
Illinois conferred 74 bachelor’s degrees in econometrics and quantitative economics in the latest year of data — 30% to women and 70% to men. Most of these graduates identified as Non-Resident Alien (45%).
Graduate study is also available at Illinois. The following graduate award levels are reported.
| Graduate Level | Annual Graduates |
|---|---|
| Master’s Degrees in Economics | 90 |
| Doctoral Degrees in Economics | 23 |
