by our College Data Analytics TeamThe main focus area for this major is General Economics. For more details on this concentration, visit its profile page.
Economics is a major offered under the social sciences program of study at Virginia Military Institute. Here, you’ll find out more about the major bachelor’s degree program in economics, including such details as the number of graduates, ethnicity of students, related majors and concentrations, 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.
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. The bachelor's program at VMI was ranked #128 on College Factual's Best Schools for economics list. It is also ranked #7 in Virginia.
Here are some of the other rankings for VMI.
The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $9,562 | $37,572 |
| Fees | $9,648 | $9,648 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $10,060 | $10,060 |
| On Campus Other Expenses | $2,150 | $2,150 |
Learn more about VMI 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 VMI took out an average of $21,500 in student loans. That is about the same as the national average of $21,243.
The median early career salary of economics students who receive their bachelor’s degree from VMI is $48,667 per year. That is 4% higher than the national average of $46,790.
VMI 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 VMI Online Learning page.
About 6.0% of the students who received their Bachelor’s in economics in 2019-2020 were women. This is less than the nationwide number of 33.7%.
Racial-ethnic minority graduates* made up 10.0% of the economics bachelor’s degrees at VMI 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 | 1 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 44 |
| International Students | 1 |
| Other Races/Ethnicities | 0 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 50 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 50 |
*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.
