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2023 Most Focused Colleges for Economics in Minnesota

23 Ranked Colleges
847 Degrees Awarded
$28,700 Avg Cost*
Schools Highly Focused on Economics Major in Minnesota

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.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

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

1
Macalester crest
Macalester College
Saint Paul, 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

2
St. Olaf crest
St Olaf College
Northfield, Minnesota

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

3
SJU crest
Saint Johns University
Collegeville, Minnesota

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

4
Carleton crest
Carleton College
Northfield, Minnesota

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

5
Gustavus Adolphus crest
Gustavus Adolphus College
Saint Peter, Minnesota

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

6

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

7

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

8
Augsburg crest
Augsburg University
Minneapolis, Minnesota

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

9
UST MN crest
University of St Thomas Minnesota
Saint Paul, Minnesota

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

10
St. Kate's crest
St Catherine University
Saint Paul, Minnesota

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

11

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

12
Bemidji State University crest
Bemidji State University
Bemidji, Minnesota

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

13

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

14

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

15
St. Cloud State University crest
Saint Cloud State University
Saint Cloud, Minnesota

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

16
Bethel University Minnesota crest
Bethel University Minnesota
Saint Paul, Minnesota

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

17
Hamline crest
Hamline University
Saint Paul, Minnesota

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

18
CSB crest
College of Saint Benedict
Saint Joseph, Minnesota

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

19
Winona State crest
Winona State University
Winona, Minnesota

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

20

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

21
Metro State crest
Metropolitan State University
Saint Paul, Minnesota

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

22

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

22
North Central University crest
North Central University
Minneapolis, Minnesota

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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