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2022 Best Value Economics Schools for a Doctorate in Illinois

5 Ranked Colleges
95 Degrees Awarded
$36,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Doctorate in Illinois

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Economics Schools for a Doctorate in Illinois” ranking is part of that endeavor.

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 doctor’s degree level specifically, there were 95 economics graduates with average earnings and debt of $75,900 and $148,219 respectively.

This year’s “Best Value Economics Schools for a Doctorate in Illinois” ranking analyzed 5 colleges that offered a degree in economics. This ranking identifies schools with high-quality economics programs that also have a lower cost than 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. See our ranking methodology to learn more.

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When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Economics Schools for a Doctorate in Illinois” list to help you make the college decision.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.

Best Value Economics Schools for a Doctorate in Illinois

The colleges and universities below are the best for illinois doctor’s degree economics students.

Top 6 Best Value Doctor’s Degree Colleges for Economics in Illinois

#1

University of Illinois at Urbana-Champaign

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

You’ll join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #1 for the Best Value Economics Schools for a Doctorate in Illinois. Located in Champaign, Illinois, this large public school handed out 15 degrees to qualified doctorate’s economics students in 2019-2020.

UIUC did well in our major quality rankings, too. It placed #3 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UIUC are $30,083.

Read full report on Economics at University of Illinois at Urbana-Champaign

#2

University of Illinois at Chicago

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

Out of the 5 schools in the Best Value Economics Schools for a Doctorate in Illinois that were part of this year’s ranking, University of Illinois at Chicago landed the #2 spot on the list. This large school is located in Chicago, Illinois, and it awarded 15 doctorate’s economics degrees in 2019-2020.

UIC did well in our major quality rankings, too. It placed #4 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of Illinois at Chicago are $27,036, but you may pay more or less depending on your major.

Read full report on Economics at UIC

#3

Northern Illinois University

Dekalb, Illinois
#6 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 #3 for the Best Value Economics Schools for a Doctorate in Illinois. Northern Illinois University is a fairly large school located in Dekalb, Illinois that handed out 2 doctorate’s economics degrees in 2019-2020.

As a testament to the quality of education offered at NIU, the school also landed the #6 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northern Illinois University are $11,086, but you may pay more or less depending on your major.

Read more about Economics at NIU

#3

Southern Illinois University Carbondale

Carbondale, Illinois
#5 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 #3 on our 2022 Best Value Economics Schools for a Doctorate in Illinois list. SIUC is a public institution located in Carbondale, Illinois. The school has a fairly large population, and it awarded 6 doctorate’s degrees in 2019-2020.

SIUC did well in our major quality rankings, too. It placed #5 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at Southern Illinois University Carbondale are $32,928, but some majors have different tuition rates.

Read more about Economics at SIUC

#4

Northwestern University

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

Out of the 5 schools in the Best Value Economics Schools for a Doctorate in Illinois that were part of this year’s ranking, Northwestern University landed the #4 spot on the list. Northwestern University is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 20 doctorate’s degrees in 2019-2020.

In addition to being on our illinois doctor’s degree economics students list, Northwestern has also earned the #1 rank in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but some majors have different tuition rates.

Read full report on Economics at Northwestern University

#5

University of Chicago

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

Out of the 5 schools in the Best Value Economics Schools for a Doctorate in Illinois that were part of this year’s ranking, University of Chicago landed the #5 spot on the list. UChicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 37 doctorate’s degrees in 2019-2020.

UChicago did well in our major quality rankings, too. It placed #2 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of Chicago are $61,548, but some majors have different tuition rates.

Full University of Chicago Economics Report

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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