by our College Data Analytics TeamEconomics is a major offered under the social sciences program of study at University of Minnesota - Duluth. 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.
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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.
Each year, we produce a number of different types of college rankings to help students decide which school is the best fit for them. The bachelor's program at UMN Duluth was ranked #263 on College Factual's Best Schools for economics list. It is also ranked #9 in Minnesota.
Here are some of the other rankings for UMN Duluth.
During the 2019-2020 academic year, part-time undergraduate students at UMN Duluth paid an average of $669 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $469 per credit hour. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $12,194 | $17,394 |
| Fees | $1,382 | $1,382 |
| Books and Supplies | $1,200 | $1,200 |
| On Campus Room and Board | $8,470 | $8,470 |
| On Campus Other Expenses | $2,272 | $2,272 |
Learn more about UMN Duluth tuition and fees.
One factor in determining the overall cost in a degree is to consider how much in student loans you’ll have to take out. Students who received their bachelor’s degree at UMN Duluth in Economics walked away with an average of $20,654 in student debt. That is 3% lower than the national average of $21,243.
The median early career salary of economics students who receive their bachelor’s degree from UMN Duluth is $40,209 per year. That is 14% lower than the national average of $46,790.
UMN Duluth does not offer an online option for its economics bachelor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the UMN Duluth Online Learning page.
Women made up around 14.8% 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 14.8% of the economics bachelor’s degrees at UMN Duluth in 2019-2020. This is lower than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 1 |
| Black or African American | 3 |
| Hispanic or Latino | 0 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 23 |
| International Students | 0 |
| Other Races/Ethnicities | 0 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 23 |
| Other Economics | 4 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Anthropology | 8 |
| Criminology | 62 |
| Geography & Cartography | 12 |
| International Relations & National Security | 16 |
| Political Science & Government | 45 |
*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.
