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2023 Schools for a Master’s Highly Focused on Economics Major in Illinois

12 Ranked Colleges
259 Degrees Awarded
$73,992 Avg Salary
Schools for a Master's Highly Focused on Economics Major in Illinois

It’s not easy to decide which college to attend when there so many options available for students. One of our goals at College Factual is to give you as much information as we can - such as our “Schools for a Master’s Highly Focused on Economics Major in Illinois” ranking - to help you make that decision.

In 2020-2021, 49,055 people earned their degree in economics, making the major the 19th most popular in the United States. 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 master’s degree level specifically, there were 259 economics graduates with average earnings and debt of $59,317 and $0 respectively.

This year’s “Schools for a Master’s Highly Focused on Economics Major in Illinois” ranking looked at 12 colleges that offer degrees in a bachelor’s in economics. This a ranking of the schools where the largest percentage of students has enrolled in economics.

For more information, check out our ranking methodology.

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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 “Schools for a Master’s Highly Focused on Economics Major in Illinois”.

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. 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.

Schools for a Master’s Highly Focused on Economics Major in Illinois

The following schools top our list of the Best “Schools for a Master’s Highly Focused on Economics Major in Illinois”.

Top 12 Most Focused Master’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 Master’s Highly Focused on Economics Major in Illinois list. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s economics degrees to 68 students in 2020-2021.

The low undergrad student loan default rate of 1.0% 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%. The school has an excellent freshman retention rate of 100%, which means students like the school well enough to return for a second year. The undergraduate student-to-faculty ratio of 5 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Full University of Chicago Economics Report

2

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #2 on our 2023 Schools for a Master’s Highly Focused on Economics Major in Illinois list. This large school is located in Champaign, Illinois, and it awarded 98 masters’s economics degrees in 2020-2021.

Students who start out at the school are likely to stick around. The freshman retention rate is 94%. 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%.

Full University of Illinois at Urbana-Champaign Economics Report

3

You’ll be in good company if you decide to attend Western Illinois University. It ranked #3 on our 2023 Schools for a Master’s Highly Focused on Economics Major in Illinois list. This medium-sized school is located in Macomb, Illinois, and it awarded 8 masters’s economics degrees in 2020-2021.

Read more about Economics at WIU

4
Roosevelt crest
Roosevelt University
Chicago, Illinois

Out of the 12 schools in the Schools for a Master’s Highly Focused on Economics Major in Illinois that were part of this year’s ranking, Roosevelt University landed the #4 spot on the list. Chicago, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s economics degrees to 6 students in 2020-2021.

Read more about Economics at Roosevelt

5
Northwestern crest
Northwestern University
Evanston, Illinois

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #5 for the Schools for a Master’s Highly Focused on Economics Major in Illinois. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out masters’s economics degrees to 32 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 more about Economics at Northwestern University

6
EIU crest
Eastern Illinois University
Charleston, Illinois

Eastern Illinois University came in at #6 in this year’s edition of the Schools for a Master’s Highly Focused on Economics Major in Illinois ranking. Charleston, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out masters’s economics degrees to 6 students in 2020-2021.

Read more about Economics at EIU

7
DePaul crest
DePaul University
Chicago, Illinois

DePaul University came in at #7 in this year’s edition of the Schools for a Master’s Highly Focused on Economics Major in Illinois ranking. DePaul is located in Chicago, Illinois and, has a large student population. In 2020-2021, this school awarded 20 masters’s economics degrees to qualified students.

The school has an impressive undergrad student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%.

Read more about Economics at DePaul

8
Illinois State crest
Illinois State University
Normal, Illinois

With a ranking of #8, Illinois State University did quite well on the 2023 Schools for a Master’s Highly Focused on Economics Major in Illinois list. Illinois State is a large school located in Normal, Illinois that handed out 11 masters’s economics degrees in 2020-2021.

The undergrad student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%.

Read more about Economics at Illinois State University

9

With a ranking of #9, Southern Illinois University Carbondale did quite well on the 2023 Schools for a Master’s Highly Focused on Economics Major in Illinois list. Southern Illinois University Carbondale is located in Carbondale, Illinois and, has a fairly large student population. In 2020-2021, this school awarded 3 masters’s economics degrees to qualified students.

Read full report on Economics at Southern Illinois University Carbondale

10

Northern Illinois University did quite well in the 2023 Schools for a Master’s Highly Focused on Economics Major in Illinois ranking, coming in at #10. Northern Illinois University is located in Dekalb, Illinois and, has a fairly large student population. In 2020-2021, this school awarded 3 masters’s economics degrees to qualified students.

Read full report on Economics at Northern Illinois University

11

University of Illinois at Chicago came in at #11 in this year’s edition of the Schools for a Master’s Highly Focused on Economics Major in Illinois ranking. This large school is located in Chicago, Illinois, and it awarded 4 masters’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 UIC

12

Southern Illinois University Edwardsville ranked #12 on this year’s Schools for a Master’s Highly Focused on Economics Major in Illinois list. SIUE is a public institution located in Edwardsville, Illinois. The school has a fairly large population, and it awarded 12 masters’s degrees in 2020-2021.

Full SIUE Economics Report

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