2023 Most Focused Master’s Degree Colleges for Economics in Minnesota

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual has developed its “Schools for a Master’s Highly Focused on Economics Major in Minnesota” 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 Minnesota, there were 847 economics graduates with average earnings and debt of $50,553 and $24,664 respectively. At the master’s degree level specifically, there were 30 economics graduates with average earnings and debt of $57,734 and $0 respectively.

This year’s “Schools for a Master’s Highly Focused on Economics Major in Minnesota” ranking looked at 3 colleges that offer degrees in a bachelor’s 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.

For more information, check out our ranking methodology.

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

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important 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 Minnesota

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

Top 3 Most Focused Master’s Degree Colleges for Economics in Minnesota

1

Saint Mary's University of Minnesota
Winona, Minnesota

#9 overall quality in Minnesota

You’ll join some of the best and brightest minds around if you attend Saint Mary’s University of Minnesota. The school came in at #1 for the Schools for a Master’s Highly Focused on Economics Major in Minnesota. This small school is located in Winona, Minnesota, and it awarded 12 masters’s economics degrees in 2020-2021.

The school has an impressive undergrad student loan default rate. It’s only 2.0%, which is much lower than the national rate of 10.1%.

Full SMU MN Economics Report

2

Saint Cloud State University
Saint Cloud, Minnesota

You’ll be in good company if you decide to attend Saint Cloud State University. It ranked #2 on our 2023 Schools for a Master’s Highly Focused on Economics Major in Minnesota list. Saint Cloud, Minnesota is the setting for this fairly large institution of higher learning. The public school handed out masters’s economics degrees to 3 students in 2020-2021.

The school has an impressive undergrad student loan default rate. It’s only 4.6%, which is much lower than the national rate of 10.1%.

Read full report on Economics at Saint Cloud State University

3

University of Minnesota - Twin Cities
Minneapolis, Minnesota

#1 overall quality in Minnesota

You’ll be in good company if you decide to attend University of Minnesota - Twin Cities. It ranked #3 on our 2023 Schools for a Master’s Highly Focused on Economics Major in Minnesota list. This large school is located in Minneapolis, Minnesota, and it awarded 15 masters’s economics degrees in 2020-2021.

Students who start out at the school are likely to stick around. The freshman retention rate is 93%. The undergrad student loan default rate at the school is 1.7%, which is quite low when compared to the national default rate of 10.1%.

Full UMN Twin Cities Economics Report

• Most Focused Master’s Degree Colleges for Economics in the Plains States Region
• Most Focused 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

• *Avg Salary and Avg 4-Year Grad Rate 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.