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2021 Highest Paid Economics Graduates

40,355 Bachelor's Degrees
$46,795 Avg Salary
$21,251 Avg Student Debt

Finding the Best Economics School for You

Highest Paid Economics GraduatesOut of the 338 majors we analyze each year, economics was ranked #14. In fact, 40,355 bachelor's degrees were handed out in 2018-2019. 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 Highest Paid Economics list to help you make the college decision.

For this year's Highest Paid Economics Graduates ranking, we looked at 280 colleges that offer a bachelor's in economics.

In this ranking, we use early career salaries - salaries 10 years from when a student started college. This is the salary typically earned 4-6 years after graduation, but may be different depending on how long a person takes to complete their degree.

Comparing Average Salaries of Economics Majors

After graduating, economics majors that go to school in the United States go on to jobs making an average of $46,795 per year. This is 18% higher than the average college graduate, who only makes around $39,802 a year.

Average Salary for Economics Graduates from Schools Nationwide  46,795
0K
93,600
National Average Salary for All College Grads (Regardless of Major)  39,802
0K
93,600

College Combat

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.

2021 Highest Paid Economics Grads in the United States

Learn more about the colleges and universities that produce the highest paid economics graduates.

Top 25 Best Schools for Highly Paid Economics Graduates

#1

Duke University

Durham, NC

Duke University comes in at #1 in this year's ranking. Duke is a large private not-for-profit school located in the city of Durham. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $89,800.

The average amount in student loans that economics majors at Duke take out while working on their bachelor's is $12,467. The average monthly payment of a loan this size is about $109, assuming that the borrower is on a 10-year repayment plan.

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#2

Dartmouth College

Hanover, NH

Dartmouth College landed the #2 spot in our 2021 rankings for highest paid economics school. Dartmouth is a medium-sized private not-for-profit school located in the town of Hanover. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $84,200.

Economics majors at Dartmouth take out an average of $15,850 in student loans while working on their bachelor's degree. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $175.

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#3

Princeton University

Princeton, NJ

Princeton University earned the #3 spot in our 2021 rankings. Located in the city of Princeton, Princeton is a private not-for-profit school with a medium-sized student population.

The average amount in student loans that economics majors at Princeton take out while working on their bachelor's is $9,934.

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#3

University of Chicago

Chicago, IL

University of Chicago comes in at #3 in this year's ranking. Located in the large city of Chicago, UChicago is a private not-for-profit college with a fairly large student population. Economics majors who obtain their bachelor's from the school make an average salary of $83,000.

After completing their bachelor's degree, economics graduates from UChicago carry an average student debtload of $17,390. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $187.

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#4

Claremont McKenna College

Claremont, CA

The #4 spot in this year's ranking belongs to Claremont McKenna College. Located in the suburb of Claremont, Claremont McKenna is a private not-for-profit college with a small student population. Upon graduating with a bachelor's degree, economics majors make an average salary of $82,400.

After completing their bachelor's degree, economics graduates from Claremont McKenna carry an average student debtload of $15,526. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $162.

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United States Naval Academy comes in at #4 in this year's ranking. Annapolis is a small public school located in the large suburb of Annapolis.

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#5

Yale University

New Haven, CT

Yale University earned the #5 spot in our 2021 rankings. Yale is a large private not-for-profit school located in the city of New Haven. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $81,400.

The average amount in student loans that economics majors at Yale take out while working on their bachelor's is $14,986. This translates to an average monthly loan payment of $145, based on a 10-year repayment plan.

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#6

Stanford University

Stanford, CA

The #6 spot in this year's ranking belongs to Stanford University. Located in the suburb of Stanford, Stanford is a private not-for-profit college with a fairly large student population. Economics majors who obtain their bachelor's from the school make an average salary of $80,900.

On average, economics graduates from Stanford take out $13,848 in student loans while working on their bachelor's degree.

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#7

Pomona College

Claremont, CA

Our rankings recognize Pomona College as the #7 school in this year's rankings. Pomona is a small private not-for-profit school located in the large suburb of Claremont. The average salary for a student who gets a bachelor's degree in economics from the school is $80,800.

After completing their bachelor's degree, economics graduates from Pomona carry an average student debtload of $14,939.

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#8

Harvard University

Cambridge, MA

Harvard University comes in at #8 in this year's ranking. Harvard is a fairly large private not-for-profit school located in the city of Cambridge. The average salary for a student who gets a bachelor's degree in economics from the school is $78,800.

While working on their bachelor's, economics majors at Harvard accumulate an average of around $11,754 in student debt.

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#9

Middlebury College

Middlebury, VT

Middlebury College landed the #9 spot in our 2021 rankings for highest paid economics school. Located in the distant town of Middlebury, Middlebury is a private not-for-profit college with a small student population. Economics majors who obtain their bachelor's from the school make an average salary of $75,400.

Economics majors at Middlebury take out an average of $17,184 in student loans while working on their bachelor's degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $198.

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The #10 spot in this year's ranking belongs to Columbia University in the City of New York. Located in the large city of New York, Columbia is a private not-for-profit college with a fairly large student population. Upon graduating with a bachelor's degree, economics majors make an average salary of $75,300.

After completing their bachelor's degree, economics graduates from Columbia carry an average student debtload of $25,072. This translates to an average monthly loan payment of $259, based on a 10-year repayment plan.

Full Economics at Columbia University in the City of New York Report

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#11

University of Pennsylvania

Philadelphia, PA

University of Pennsylvania comes in at #11 in this year's ranking. UPenn is a very large private not-for-profit school located in the city of Philadelphia. Upon graduating with a bachelor's degree, economics majors make an average salary of $74,700.

While working on their bachelor's, economics majors at UPenn accumulate an average of around $17,295 in student debt. The average monthly payment of a loan this size is about $193, assuming that the borrower is on a 10-year repayment plan.

Full Economics at University of Pennsylvania Report

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#12

Swarthmore College

Swarthmore, PA

The #12 spot in this year's ranking belongs to Swarthmore College. Located in the large suburb of Swarthmore, Swarthmore is a private not-for-profit school with a small student population. Economics majors who obtain their bachelor's from the school make an average salary of $74,500.

On average, economics graduates from Swarthmore take out $17,562 in student loans while working on their bachelor's degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $223.

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#13

Williams College

Williamstown, MA

Our rankings recognize Williams College as the #13 school in this year's rankings. Located in the fringe town of Williamstown, Williams is a private not-for-profit school with a small student population. Economics majors who obtain their bachelor's from the school make an average salary of $73,500.

The average amount in student loans that economics majors at Williams take out while working on their bachelor's is $12,738. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $125.

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#14

Rice University

Houston, TX

Our rankings recognize Rice University as the #14 school in this year's rankings. Rice is a medium-sized private not-for-profit school located in the large city of Houston. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $73,100.

After completing their bachelor's degree, economics graduates from Rice carry an average student debtload of $13,388. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $122.

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#15

Johns Hopkins University

Baltimore, MD

Johns Hopkins University comes in at #15 in this year's ranking. Located in the large city of Baltimore, Johns Hopkins is a private not-for-profit school with a fairly large student population. Economics majors who obtain their bachelor's from the school make an average salary of $70,800.

On average, economics graduates from Johns Hopkins take out $17,200 in student loans while working on their bachelor's degree. The average monthly payment of a loan this size is about $194, assuming that the borrower is on a 10-year repayment plan.

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#16

Amherst College

Amherst, MA

The #16 spot in this year's ranking belongs to Amherst College. Located in the large suburb of Amherst, Amherst is a private not-for-profit school with a small student population. The average salary for a student who gets a bachelor's degree in economics from the school is $69,800.

Economics majors at Amherst take out an average of $18,073 in student loans while working on their bachelor's degree. The average monthly payment of a loan this size is about $202, assuming that the borrower is on a 10-year repayment plan.

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Our rankings recognize Massachusetts Institute of Technology as the #17 school in this year's rankings. Located in the city of Cambridge, MIT is a private not-for-profit college with a fairly large student population.

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#17

Northwestern University

Evanston, IL

The #17 spot in this year's ranking belongs to Northwestern University. Northwestern is a fairly large private not-for-profit school located in the small city of Evanston. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $69,200.

After completing their bachelor's degree, economics graduates from Northwestern carry an average student debtload of $15,151. The average monthly payment of a loan this size is about $148, assuming that the borrower is on a 10-year repayment plan.

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#18

Georgetown University

Washington, DC

Georgetown University comes in at #18 in this year's ranking. Georgetown is a fairly large private not-for-profit school located in the city of Washington. Economics majors who obtain their bachelor's from the school make an average salary of $68,700.

On average, economics graduates from Georgetown take out $15,047 in student loans while working on their bachelor's degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $161.

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#19

Barnard College

New York, NY

Barnard College earned the #19 spot in our 2021 rankings. Located in the large city of New York, Barnard is a private not-for-profit school with a small student population. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $68,100.

The average amount in student loans that economics majors at Barnard take out while working on their bachelor's is $14,618. The average monthly payment of a loan this size is about $169, assuming that the borrower is on a 10-year repayment plan.

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#20

Vanderbilt University

Nashville, TN

Vanderbilt University comes in at #20 in this year's ranking. Vanderbilt is a large private not-for-profit school located in the large city of Nashville. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $68,100.

On average, economics graduates from Vanderbilt take out $14,913 in student loans while working on their bachelor's degree. This translates to an average monthly loan payment of $156, based on a 10-year repayment plan.

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#21

Wellesley College

Wellesley, MA

Wellesley College landed the #21 spot in our 2021 rankings for highest paid economics school. Located in the large suburb of Wellesley, Wellesley is a private not-for-profit school with a small student population. Students who receive their bachelor's in economics from the school go on to jobs that make an average salary of $67,800.

Economics majors at Wellesley take out an average of $11,053 in student loans while working on their bachelor's degree. The average monthly payment of a loan this size is about $94, assuming that the borrower is on a 10-year repayment plan.

Full Economics at Wellesley College Report

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#22

Cornell University

Ithaca, NY

Cornell University comes in at #22 in this year's ranking. Cornell is a very large private not-for-profit school located in the small city of Ithaca. The average salary for a student who gets a bachelor's degree in economics from the school is $67,500.

While working on their bachelor's, economics majors at Cornell accumulate an average of around $13,451 in student debt. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $138.

Full Economics at Cornell University Report

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Rest of the Top Schools for Highest Paid Economics Graduates

#26

University of Richmond

University of Richmond, VA
#27

Bowdoin College

Brunswick, ME
#28

University of Notre Dame

Notre Dame, IN
#30

Tufts University

Medford, MA
#31

Carnegie Mellon University

Pittsburgh, PA
#32

Bates College

Lewiston, ME
#33

Macalester College

Saint Paul, MN
#34

Trinity College

Hartford, CT
#35

Drexel University

Philadelphia, PA
#36

College of the Holy Cross

Worcester, MA
#37

Hamilton College

Clinton, NY
#39

Providence College

Providence, RI
#40

University of Virginia - Main Campus

Charlottesville, VA
#42

Brandeis University

Waltham, MA

Honorable Mentions

Here are some additional great schools for Economics students seeking high pay that almost earned our Highest Paid Economics Graduates award.

Rank College Location
43 Southern Methodist University Dallas, TX
44 Brown University Providence, RI
45 University of Michigan - Ann Arbor Ann Arbor, MI
46 Emory University Atlanta, GA
47 New York University New York, NY
48 Colby College Waterville, ME
49 Morehouse College Atlanta, GA
50 Northeastern University Boston, MA
51 University of Rochester Rochester, NY
52 Pace University - New York New York, NY
53 Hobart and William Smith Colleges Geneva, NY
54 Villanova University Villanova, PA
55 Gettysburg College Gettysburg, PA
56 Lafayette College Easton, PA

Economics by Region

View the Highest Paid Economics Graduates for a specific region near you.

Region
Southeast
New England
Rocky Mountains
Plains States
Middle Atlantic
Far Western US
Southwest
Great Lakes

Economics is one of 13 different types of Social Sciences programs to choose from.

Related Major Annual Graduates
Political Science & Government 41,811
Sociology 29,920
International Relations & National Security 9,868
Anthropology 9,040
Criminology 8,478

View All Economics Related Majors >

Notes and 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 the rest 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).
  • Credit for the banner image above goes to pixabay.

More about our data sources and methodologies.

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