2022 Best Value Doctor’s Degree Colleges for Economics in Michigan

When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Economics Schools for a Doctorate in Michigan” ranking is one tool we have developed to help in this regard.

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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the doctor’s degree level specifically, there were 35 economics graduates with average earnings and debt of $70,785 and $113,051 respectively.

For this year’s “Best Value Economics Schools for a Doctorate in Michigan” ranking, we looked at 3 colleges that offer a degree in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. See our ranking methodology to learn more.

More Ways to Rank Economics Schools

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 Michigan” 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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value Economics Schools for a Doctorate in Michigan

The following schools top our list of the Best Best Value Economics Schools for a Doctorate in Michigan.

Top 4 Best Value Doctor’s Degree Colleges for Economics in Michigan

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan

#1 in overall quality

$49,548 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Value Economics Schools for a Doctorate in Michigan. University of Michigan - Ann Arbor is a large school located in Ann Arbor, Michigan that handed out 20 doctorate’s economics degrees in 2019-2020.

U-M also made our “Best Economics Doctor’s Degree Schools in Michigan” list, coming in at #1. Average graduate tuition and fees at U-M are $49,548, but some majors have different tuition rates.

Full University of Michigan - Ann Arbor Economics Report

#2

Michigan State University

East Lansing, Michigan

#2 in overall quality

$37,056 Avg Grad Tuition & Fees

Out of the 3 schools in the Best Value Economics Schools for a Doctorate in Michigan that were part of this year’s ranking, Michigan State University landed the #2 spot on the list. East Lansing, Michigan is the setting for this large institution of higher learning. The public school handed out doctorate’s economics degrees to 7 students in 2019-2020.

In addition to being on our michigan doctor’s degree economics students list, Michigan State has also earned the #2 rank in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Michigan State are $37,056, but some majors have different tuition rates.

Read more about Economics at Michigan State University

#3

Western Michigan University

Kalamazoo, Michigan

#3 in overall quality

$31,355 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Western Michigan University. It ranked #3 on our 2022 Best Value Economics Schools for a Doctorate in Michigan list. Located in Kalamazoo, Michigan, this fairly large public school handed out 1 degrees to qualified doctorate’s economics students in 2019-2020.

WMU also made our “Best Economics Doctor’s Degree Schools in Michigan” list, coming in at #3. Average graduate tuition and fees at WMU are $31,355, but you may pay more or less depending on your major.

Full WMU Economics Report

#3

Wayne State University

Detroit, Michigan

#3 in overall quality

$37,215 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Wayne State University. It ranked #3 on our 2022 Best Value Economics Schools for a Doctorate in Michigan list. Wayne State is located in Detroit, Michigan and, has a large student population. In 2019-2020, this school awarded 7 doctorate’s economics degrees to qualified students.

Wayne State not only placed well in this ranking. It is also #3 on our “Best Economics Doctor’s Degree Schools in Michigan” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Wayne State are $37,215.

Read more about Economics at Wayne State University

• Best Value Doctor’s Degree Colleges for Economics in the Great Lakes Region
• Best Value Doctor’s Degree Colleges for Economics

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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