2022 Best Value Economics Schools for a Master’s in Virginia

When it comes to choosing a college, students have a lot of options - but not all of them are good. 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 Virginia” ranking is one tool we have developed to help in this regard.

Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. 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 Virginia, there were 1,392 economics graduates with average earnings and debt of $47,150 and $23,646 respectively. At the master’s degree level specifically, there were 72 economics graduates with average earnings and debt of $0 and $0 respectively.

This year’s “Best Value Economics Schools for a Master’s in Virginia” ranking analyzed 4 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. See our ranking methodology to learn more.

One Size Does Not Fit All

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools for a Master’s in Virginia” ranking, along with many other major-related rankings, to help you make that decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most 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 Master’s in Virginia

The colleges and universities below are the best for virginia master’s degree economics students.

Top 4 Best Value Master’s Degree Colleges for Economics in Virginia

#1

Virginia Tech

Blacksburg, Virginia

#2 in overall quality

$30,547 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Economics Schools for a Master’s in Virginia that were part of this year’s ranking, Virginia Tech landed the #1 spot on the list. Blacksburg, Virginia is the setting for this large institution of higher learning. The public school handed out masters’s economics degrees to 8 students in 2019-2020.

Virginia Tech not only placed well in this ranking. It is also #2 on our “Best Economics Master’s Degree Schools in Virginia” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Virginia Tech are $30,547.

Full Virginia Tech Economics Report

#2

George Mason University

Fairfax, Virginia

#3 in overall quality

$37,410 Avg Grad Tuition & Fees

$84,653 Average Early-Career Earnings

You’ll be in good company if you decide to attend George Mason University. It ranked #2 on our 2022 Best Value Economics Schools for a Master’s in Virginia list. George Mason University is a large school located in Fairfax, Virginia that handed out 45 masters’s economics degrees in 2019-2020.

GMU not only placed well in this ranking. It is also #3 on our “Best Economics Master’s Degree Schools in Virginia” list. Average graduate tuition and fees at GMU are $37,410, but you may pay more or less depending on your major.

Read more about Economics at GMU

#3

University of Virginia - Main Campus

Charlottesville, Virginia

#1 in overall quality

$32,394 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Virginia - Main Campus. It ranked #3 on our 2022 Best Value Economics Schools for a Master’s in Virginia list. University of Virginia - Main Campus is a public institution located in Charlottesville, Virginia. The school has a large population, and it awarded 14 masters’s degrees in 2019-2020.

As a testament to the quality of education offered at University of Virginia, the school also landed the #1 spot in our “Best Economics Master’s Degree Schools in Virginia” ranking. Average graduate tuition and fees at University of Virginia - Main Campus are $32,394, but you may pay more or less depending on your major.

Read more about Economics at University of Virginia

#4

Old Dominion University

Norfolk, Virginia

#4 in overall quality

$33,288 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Old Dominion University. It ranked #4 on our 2022 Best Value Economics Schools for a Master’s in Virginia list. Old Dominion University is a large public school situated in Norfolk, Virginia. It awarded 3 masters’s economics degrees in 2019-2020.

Old Dominion also took the #4 spot in our “Best Economics Master’s Degree Schools in Virginia” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Old Dominion University are $33,288.

Read more about Economics at Old Dominion University

• Best Value Master’s Degree Colleges for Economics in the Southeast Region
• Best Value Master’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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