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2022 Best Value Master’s Degree Colleges for Economics (Income Over $110k) in Illinois

11 Ranked Colleges
256 Degrees Awarded
$27,700 Avg Grad Tuition & Fees*
Best Vallue Economics Schools for a Master's in Illinois For Those Making Over $110k

When pursuing a degree in today’s world, students have many different options to choose from. College Factual has developed its “Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k” ranking as one item you can use to help make this decision.

In 2019-2020, 48,831 people earned their degree in economics, making the major the 18th most popular in the United States. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.

Across Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the master’s degree level specifically, there were 256 economics graduates with average earnings and debt of $57,267 and $46,814 respectively.

This year’s “Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k” ranking analyzed 11 colleges that offered a degree in economics. Not only do the schools that top this list have excellent economics programs, but they also cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. Check out our ranking methodology for more information.

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The economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k”.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.

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Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k

The colleges and universities below are the best for illinois master’s degree economics students whose families make more than $110k.

Top 11 Best Value Master’s Degree Colleges for Economics (Income Over $110k) in Illinois

#1

University of Illinois at Urbana-Champaign

Champaign, Illinois
#3 in overall quality
$30,083 Avg Grad Tuition & Fees

Out of the 11 schools in the Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the #1 spot on the list. UIUC is a large public school situated in Champaign, Illinois. It awarded 76 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UIUC, the school also landed the #3 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UIUC are $30,083, but some majors have different tuition rates.

Read full report on Economics at UIUC

#2

Eastern Illinois University

Charleston, Illinois
#8 in overall quality
$20,761 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Eastern Illinois University. It ranked #2 on our 2022 Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k list. Located in Charleston, Illinois, this medium-sized public school awarded 11 degrees to qualified masters’s economics students in 2019-2020.

EIU did well in our major quality rankings, too. It placed #8 on our “Best Economics Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at EIU are $20,761, but some majors have different tuition rates.

Full Eastern Illinois University Economics Report

#3

University of Illinois at Chicago

Chicago, Illinois
#4 in overall quality
$27,036 Avg Grad Tuition & Fees

Out of the 11 schools in the Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k that were part of this year’s ranking, University of Illinois at Chicago landed the #3 spot on the list. This large school is located in Chicago, Illinois, and it awarded 14 masters’s economics degrees in 2019-2020.

UIC also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #4. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UIC are $27,036.

Read more about Economics at UIC

#4

Northern Illinois University

Dekalb, Illinois
#10 in overall quality
$11,086 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Northern Illinois University. The school came in at #4 for the Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k. Northern Illinois University is a fairly large public school situated in Dekalb, Illinois. It awarded 4 masters’s economics degrees in 2019-2020.

NIU not only placed well in this ranking. It is also #10 on our “Best Economics Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Northern Illinois University are $11,086, but some majors have different tuition rates.

Read more about Economics at Northern Illinois University

#5

Southern Illinois University Carbondale

Carbondale, Illinois
#7 in overall quality
$32,928 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Southern Illinois University Carbondale. It ranked #5 on our 2022 Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k list. Located in Carbondale, Illinois, this fairly large public school awarded 4 degrees to qualified masters’s economics students in 2019-2020.

SIUC also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #7. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Southern Illinois University Carbondale are $32,928.

Read full report on Economics at SIUC

#6

Western Illinois University

Macomb, Illinois
#9 in overall quality
$11,996 Avg Grad Tuition & Fees

Western Illinois University ranked #6 on this year’s Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k list. Located in Macomb, Illinois, this medium-sized public school handed out 10 diplomas to qualified masters’s economics students in 2019-2020.

As a testament to the quality of education offered at WIU, the school also landed the #9 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at WIU are $11,996, but some majors have different tuition rates.

Read full report on Economics at WIU

#7

Illinois State University

Normal, Illinois
#6 in overall quality
$11,069 Avg Grad Tuition & Fees

Illinois State University landed the #7 spot on the 2022 Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k ranking. Located in Normal, Illinois, this large public school handed out 14 degrees to qualified masters’s economics students in 2019-2020.

Illinois State also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #6. Average graduate tuition and fees at Illinois State University are $11,069, but you may pay more or less depending on your major.

Full Illinois State Economics Report

#8

Northwestern University

Evanston, Illinois
#2 in overall quality
$56,567 Avg Grad Tuition & Fees

With a ranking of #8, Northwestern University did quite well on the 2022 Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k list. Located in Evanston, Illinois, this large private not-for-profit school handed out 34 diplomas to qualified masters’s economics students in 2019-2020.

In addition to being on our illinois master’s degree economics students whose families make more than $110k list, Northwestern has also earned the #2 rank in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern are $56,567, but some majors have different tuition rates.

Full Northwestern Economics Report

#9

University of Chicago

Chicago, Illinois
#1 in overall quality
$61,548 Avg Grad Tuition & Fees

University of Chicago ranked #9 on this year’s Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k list. UChicago is a fairly large private not-for-profit school situated in Chicago, Illinois. It awarded 59 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UChicago, the school also landed the #1 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UChicago are $61,548, but you may pay more or less depending on your major.

Read more about Economics at University of Chicago

#10

Roosevelt University

Chicago, Illinois
$21,605 Avg Grad Tuition & Fees

Roosevelt University came in at #10 in this year’s edition of the Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k ranking. This small school is located in Chicago, Illinois, and it awarded 1 masters’s economics degrees in 2019-2020.

In addition to being on our illinois master’s degree economics students whose families make more than $110k list, Roosevelt has also earned the #0 rank in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Roosevelt University are $21,605, but you may pay more or less depending on your major.

Read full report on Economics at Roosevelt University

#11

DePaul University

Chicago, Illinois
#5 in overall quality
$19,760 Avg Grad Tuition & Fees
$64,990 Average Early-Career Earnings

DePaul University did quite well in the 2022 Best Vallue Economics Schools for a Master’s in Illinois For Those Making Over $110k ranking, coming in at #11. DePaul is located in Chicago, Illinois and, has a large student population. In 2019-2020, this school awarded 29 masters’s economics degrees to qualified students.

DePaul did well in our major quality rankings, too. It placed #5 on our “Best Economics Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at DePaul are $19,760, but some majors have different tuition rates.

Read full report on Economics at DePaul University

Notes and References

References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

  • Credit for the banner image above goes to pixabay.

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