2022 Best Value Master’s Degree Colleges for Economics in Pennsylvania
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 Master’s in Pennsylvania” 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 Pennsylvania, there were 1,802 economics graduates with average earnings and debt of $48,304 and $24,346 respectively. At the master’s degree level specifically, there were 69 economics graduates with average earnings and debt of $0 and $0 respectively.
This year’s “Best Value Economics Schools for a Master’s in Pennsylvania” ranking looked at 7 colleges that offer degrees in a bachelor’s 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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One Size Does Not Fit All
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 Value Economics Schools for a Master’s in Pennsylvania”.
You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. 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 Master’s in Pennsylvania
The following schools top our list of the Best Best Value Economics Schools for a Master’s in Pennsylvania.
Top 7 Best Value Master’s Degree Colleges for Economics in Pennsylvania
Out of the 7 schools in the Best Value Economics Schools for a Master’s in Pennsylvania that were part of this year’s ranking, Pennsylvania State University - University Park landed the #1 spot on the list.
In addition to being on our pennsylvania master’s degree economics students list, Penn State University Park has also earned the #3 rank in our “Best Economics Master’s Degree Schools in Pennsylvania” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Penn State University Park are $38,728.
Read more about Economics at Pennsylvania State University - University Park
You’ll be in good company if you decide to attend University of Pittsburgh - Pittsburgh Campus. It ranked #2 on our 2022 Best Value Economics Schools for a Master’s in Pennsylvania list. Pitt is located in Pittsburgh, Pennsylvania and, has a large student population. In 2019-2020, this school awarded 8 masters’s economics degrees to qualified students.
Pitt also made our “Best Economics Master’s Degree Schools in Pennsylvania” list, coming in at #5. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Pitt are $40,836.
Full University of Pittsburgh - Pittsburgh Campus Economics Report
Out of the 7 schools in the Best Value Economics Schools for a Master’s in Pennsylvania that were part of this year’s ranking, Temple University landed the #3 spot on the list. Philadelphia, Pennsylvania is the setting for this large institution of higher learning. The public school handed out masters’s economics degrees to 6 students in 2019-2020.
Temple also made our “Best Economics Master’s Degree Schools in Pennsylvania” list, coming in at #6. Average graduate tuition and fees at Temple University are $24,236, but you may pay more or less depending on your major.
Out of the 7 schools in the Best Value Economics Schools for a Master’s in Pennsylvania that were part of this year’s ranking, Lehigh University landed the #4 spot on the list. Located in Bethlehem, Pennsylvania, this medium-sized private not-for-profit school handed out 10 degrees to qualified masters’s economics students in 2019-2020.
As a testament to the quality of education offered at Lehigh, the school also landed the #2 spot in our “Best Economics Master’s Degree Schools in Pennsylvania” ranking. Average graduate tuition and fees at Lehigh University are $27,130, but you may pay more or less depending on your major.
Out of the 7 schools in the Best Value Economics Schools for a Master’s in Pennsylvania that were part of this year’s ranking, Eastern University landed the #5 spot on the list. Eastern University is a small school located in Saint Davids, Pennsylvania that handed out 10 masters’s economics degrees in 2019-2020.
EU did well in our major quality rankings, too. It placed #7 on our “Best Economics Master’s Degree Schools in Pennsylvania” list. Average graduate tuition and fees at EU are $13,610, but some majors have different tuition rates.
With a ranking of #6, University of Pennsylvania did quite well on the 2022 Best Value Economics Schools for a Master’s in Pennsylvania list. University of Pennsylvania is a private not-for-profit institution located in Philadelphia, Pennsylvania. The school has a large population, and it awarded 18 masters’s degrees in 2019-2020.
UPenn also took the #1 spot in our “Best Economics Master’s Degree Schools in Pennsylvania” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UPenn are $41,760.
With a ranking of #7, Drexel University did quite well on the 2022 Best Value Economics Schools for a Master’s in Pennsylvania list. Located in Philadelphia, Pennsylvania, this large private not-for-profit school awarded 14 degrees to qualified masters’s economics students in 2019-2020.
Drexel also made our “Best Economics Master’s Degree Schools in Pennsylvania” list, coming in at #4. Average graduate tuition and fees at Drexel University are $37,074, but some majors have different tuition rates.
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Best Value Master's Degree Colleges for Economics in Pennsylvania
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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.
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- Credit for the banner image above goes to pixabay.
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