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2023 Most Focused Doctor’s Degree Colleges for Economics in Illinois

6 Ranked Colleges
101 Degrees Awarded
$30,000 Avg Cost*
Schools for a Doctorate Highly Focused on Economics Major in Illinois

When pursuing a degree in today’s world, students have many different options to choose from. College Factual has developed its “Schools for a Doctorate Highly Focused on Economics Major in Illinois” ranking as one item you can use to help make this decision.

Economics is the 19th most popular major in the country with 49,055 degrees awarded in 2020-2021. In 2019-2020, economics graduates who were awarded their degree in 2017-2019, earned an average of $48,736 and had an average of $22,046 in loans still to pay off.

Across Illinois, there were 2,155 economics graduates with average earnings and debt of $51,939 and $23,350 respectively. At the doctor’s degree level specifically, there were 101 economics graduates with average earnings and debt of $81,698 and $0 respectively.

This year’s “Schools for a Doctorate Highly Focused on Economics Major in Illinois” ranking analyzed 6 colleges that offered a degree in economics. The colleges and universities that top this list are recognized because their economics program is one of the largest majors offered at the school.

Check out our ranking methodology for more information.

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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Schools for a Doctorate Highly Focused on Economics Major in Illinois” ranking, along with many other major-related rankings, to help you make that decision.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Schools for a Doctorate Highly Focused on Economics Major in Illinois

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

Top 6 Most Focused Doctor’s Degree Colleges for Economics in Illinois

1
UChicago crest
University of Chicago
Chicago, Illinois

You’ll be in good company if you decide to attend University of Chicago. It ranked #1 on our 2023 Schools for a Doctorate Highly Focused on Economics Major in Illinois list. UChicago is located in Chicago, Illinois and, has a fairly large student population. In 2020-2021, this school awarded 43 doctorate’s economics degrees to qualified students.

The undergrad student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 100%. The impressive undergraduate student-to-faculty ratio of 5 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.

Full UChicago Economics Report

2
Northwestern crest
Northwestern University
Evanston, Illinois

Out of the 6 schools in the Schools for a Doctorate Highly Focused on Economics Major in Illinois that were part of this year’s ranking, Northwestern University landed the #2 spot on the list. Located in Evanston, Illinois, this large private not-for-profit school awarded 19 diplomas to qualified doctorate’s economics students in 2020-2021.

The undergrad student loan default rate at the school is 0.6%, which is quite low when compared to the national default rate of 10.1%. Since the school has a undergrad student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students.

Read full report on Economics at Northwestern

3

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #3 on our 2023 Schools for a Doctorate Highly Focused on Economics Major in Illinois list. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 22 doctorate’s degrees in 2020-2021.

With a freshman retention rate of 94%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 2.3%, which is much lower than the national rate of 10.1%.

Read more about Economics at University of Illinois at Urbana-Champaign

4

You’ll be in good company if you decide to attend Southern Illinois University Carbondale. It ranked #4 on our 2023 Schools for a Doctorate Highly Focused on Economics Major in Illinois list. Located in Carbondale, Illinois, this fairly large public school awarded 4 degrees to qualified doctorate’s economics students in 2020-2021.

Full SIUC Economics Report

5

Out of the 6 schools in the Schools for a Doctorate Highly Focused on Economics Major in Illinois that were part of this year’s ranking, Northern Illinois University landed the #5 spot on the list. NIU is located in Dekalb, Illinois and, has a fairly large student population. In 2020-2021, this school awarded 5 doctorate’s economics degrees to qualified students.

Full Northern Illinois University Economics Report

6

University of Illinois at Chicago landed the #6 spot on the 2023 Schools for a Doctorate Highly Focused on Economics Major in Illinois ranking. This large school is located in Chicago, Illinois, and it awarded 8 doctorate’s economics degrees in 2020-2021.

The low undergrad student loan default rate of 2.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read full report on Economics at University of Illinois at Chicago

Notes and References

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