2023 Most Focused Colleges for Economics in Minnesota
23
Ranked Colleges
847
Degrees Awarded
$28,700
Avg Cost*
When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Schools Highly Focused on Economics Major in Minnesota” ranking is one tool we have developed to help in this regard.
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 Minnesota, there were 847 economics graduates with average earnings and debt of $50,553 and $24,664 respectively.
This year’s “Schools Highly Focused on Economics Major in Minnesota” ranking looked at 23 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.
See our ranking methodology to learn more.
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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 Highly Focused on Economics Major in Minnesota” ranking, along with many other major-related rankings, to help you make that decision.
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Schools Highly Focused on Economics Major in Minnesota
The colleges and universities below are the best for minnesota economics students.
Top 23 Most Focused Colleges for Economics in Minnesota
You’ll join some of the best and brightest minds around if you attend Macalester College. The school came in at #1 for the Schools Highly Focused on Economics Major in Minnesota. Saint Paul, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 57 students in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 0.2%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 90%, the school does an excellent job of retaining its undergraduate students. The undergraduate student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Full Macalester College Economics Report
You’ll join some of the best and brightest minds around if you attend St Olaf College. The school came in at #2 for the Schools Highly Focused on Economics Major in Minnesota. This small school is located in Northfield, Minnesota, and it awarded 90 ’s economics degrees in 2020-2021.
Students who start out at the school are likely to stick around. The freshman retention rate is 91%. The school has an impressive undergrad student loan default rate. It’s only 0.8%, which is much lower than the national rate of 10.1%.
Full St. Olaf Economics Report
You’ll join some of the best and brightest minds around if you attend Saint Johns University. The school came in at #3 for the Schools Highly Focused on Economics Major in Minnesota. This small school is located in Collegeville, Minnesota, and it awarded 27 ’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 2.8% 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 more about Economics at Saint Johns University
You’ll be in good company if you decide to attend Carleton College. It ranked #4 on our 2023 Schools Highly Focused on Economics Major in Minnesota list. Carleton College is a private not-for-profit institution located in Northfield, Minnesota. The school has a small population, and it awarded 30 ’s degrees in 2020-2021.
Since the school has a undergrad student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 94%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.8% 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 Carleton College
Out of the 23 schools in the Schools Highly Focused on Economics Major in Minnesota that were part of this year’s ranking, Gustavus Adolphus College landed the #5 spot on the list. Gustavus Adolphus is a private not-for-profit institution located in Saint Peter, Minnesota. The school has a small population, and it awarded 19 ’s degrees in 2020-2021.
The school has an excellent freshman retention rate of 88%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%.
Full Gustavus Adolphus Economics Report
With a ranking of #6, University of Minnesota - Morris did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. This small school is located in Morris, Minnesota, and it awarded 9 ’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 3.4% 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%.
Full University of Minnesota - Morris Economics Report
University of Minnesota - Twin Cities ranked #7 on this year’s Schools Highly Focused on Economics Major in Minnesota list. UMN Twin Cities is a large school located in Minneapolis, Minnesota that handed out 417 ’s economics degrees in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 1.7%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.
Read full report on Economics at University of Minnesota - Twin Cities
Augsburg University landed the #8 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. Augsburg is a small private not-for-profit school situated in Minneapolis, Minnesota. It awarded 17 ’s economics degrees in 2020-2021.
Full Augsburg University Economics Report
University of St Thomas Minnesota landed the #9 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. Located in Saint Paul, Minnesota, this medium-sized private not-for-profit school handed out 51 degrees to qualified ’s economics students in 2020-2021.
The low undergrad student loan default rate of 1.4% 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%. With a freshman retention rate of 87%, the school does an excellent job of retaining its undergraduate students.
Read more about Economics at UST MN
St Catherine University ranked #10 on this year’s Schools Highly Focused on Economics Major in Minnesota list. Located in Saint Paul, Minnesota, this small private not-for-profit school awarded 16 diplomas to qualified ’s economics students in 2020-2021.
The undergrad student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.
Full St. Kate’s Economics Report
With a ranking of #11, University of Minnesota - Duluth did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. UMN Duluth is located in Duluth, Minnesota and, has a medium-sized student population. In 2020-2021, this school awarded 27 ’s economics degrees to qualified students.
The school has an impressive undergrad student loan default rate. It’s only 2.6%, which is much lower than the national rate of 10.1%.
Read more about Economics at University of Minnesota - Duluth
Bemidji State University did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #12. Bemidji, Minnesota is the setting for this small institution of higher learning. The public school handed out ’s economics degrees to 11 students in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 3.2%, which is much lower than the national rate of 10.1%.
Full Bemidji State University Economics Report
With a ranking of #13, Minnesota State University - Moorhead did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. Minnesota State University - Moorhead is a public institution located in Moorhead, Minnesota. The school has a medium-sized population, and it awarded 11 ’s degrees in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 3.0%, which is much lower than the national rate of 10.1%.
Read full report on Economics at MSU Moorhead
Saint Mary’s University of Minnesota did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #14. SMU MN is a small school located in Winona, Minnesota that handed out 12 ’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 2.0% 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%.
Full Saint Mary’s University of Minnesota Economics Report
With a ranking of #15, Saint Cloud State University did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. St. Cloud State University is a fairly large school located in Saint Cloud, Minnesota that handed out 16 ’s economics degrees in 2020-2021.
The undergrad student loan default rate at the school is 4.6%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at St. Cloud State University
Bethel University Minnesota landed the #16 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. Saint Paul, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 6 students in 2020-2021.
Students who start out at the school are likely to stick around. The freshman retention rate is 85%. The low undergrad student loan default rate of 1.9% 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%.
Full Bethel University Minnesota Economics Report
Hamline University ranked #17 on this year’s Schools Highly Focused on Economics Major in Minnesota list. Hamline University is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a small population, and it awarded 5 ’s degrees in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 3.2%, which is much lower than the national rate of 10.1%.
Read more about Economics at Hamline University
With a ranking of #18, College of Saint Benedict did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. Located in Saint Joseph, Minnesota, this small private not-for-profit school handed out 2 diplomas to qualified ’s economics students in 2020-2021.
The school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year. The school has an impressive undergrad student loan default rate. It’s only 1.5%, which is much lower than the national rate of 10.1%.
Read full report on Economics at CSB
With a ranking of #19, Winona State University did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. Winona, Minnesota is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 7 students in 2020-2021.
The undergrad student loan default rate at the school is 2.7%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at Winona State University
Minnesota State University - Mankato did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #20. Minnesota State Mankato is a fairly large public school situated in Mankato, Minnesota. It awarded 13 ’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 full report on Economics at Minnesota State University - Mankato
Metropolitan State University landed the #21 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. This medium-sized school is located in Saint Paul, Minnesota, and it awarded 4 ’s economics degrees in 2020-2021.
The undergrad student loan default rate at the school is 4.2%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Metro State
With a ranking of #22, The College of Saint Scholastica did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. St. Scholastica is a small school located in Duluth, Minnesota that handed out 0 ’s economics degrees in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 2.6%, which is much lower than the national rate of 10.1%.
Read full report on Economics at St. Scholastica
North Central University did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #22. North Central University is a small private not-for-profit school situated in Minneapolis, Minnesota. It awarded 0 ’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 3.6% 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 more about Economics at North Central University
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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
- *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
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