2023 Most Focused Colleges for Economics in Minnesota
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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 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 47,809 degrees awarded in 2021-2022. In , economics graduates who were awarded their degree in , earned an average of $48,722 and had an average of $21,489 in loans still to pay off.
Across Minnesota, there were 741 economics graduates with average earnings and debt of $50,553 and $25,490 respectively.
This year’s “Schools Highly Focused on Economics Major in Minnesota” ranking analyzed 23 colleges that offered a degree in economics. That schools that top this list have a program in economics in which the largest percentage of students at the school are enrolled.
Check out our ranking methodology for more information.
One Size Does Not Fit All
When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Schools Highly Focused on Economics Major in Minnesota” list to help you make the college decision.
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. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
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
Out of the 23 schools in the Schools Highly Focused on Economics Major in Minnesota that were part of this year’s ranking, Macalester College landed the #1 spot on the list. This small school is located in Saint Paul, Minnesota, and it awarded 49 ’s economics degrees in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. Since the school has a undergrad student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
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. St. Olaf is a small school located in Northfield, Minnesota that handed out 80 ’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 0.5% 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%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
Read more about Economics at St. Olaf
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. SJU is located in Collegeville, Minnesota and, has a small student population. In 2021-2022, this school awarded 34 ’s economics degrees to qualified students.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. 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%.
Read full report on 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. This small school is located in Northfield, Minnesota, and it awarded 34 ’s economics degrees in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. The undergraduate student-to-faculty ratio of 8 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The school has an impressive undergrad student loan default rate. It’s only 0.4%, which is much lower than the national rate of 10.1%.
Read full report on Economics at Carleton
You’ll be in good company if you decide to attend Gustavus Adolphus College. It ranked #5 on our 2023 Schools Highly Focused on Economics Major in Minnesota list. Saint Peter, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 17 students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%.
Full Gustavus Adolphus College Economics Report
University of Minnesota - Morris came in at #6 in this year’s edition of the Schools Highly Focused on Economics Major in Minnesota ranking. University of Minnesota - Morris is located in Morris, Minnesota and, has a small student population. In 2021-2022, this school awarded 5 ’s economics degrees to qualified students.
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%.
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. Minneapolis, Minnesota is the setting for this large institution of higher learning. The public school handed out ’s economics degrees to 316 students in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 92%. 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%.
Read more about Economics at University of Minnesota - Twin Cities
Augsburg University ranked #8 on this year’s Schools Highly Focused on Economics Major in Minnesota list. Minneapolis, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 17 students in 2021-2022.
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%.
Read full report on Economics at Augsburg University
University of St Thomas Minnesota did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #9. UST MN is a medium-sized school located in Saint Paul, Minnesota that handed out 62 ’s economics degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year.
Full UST MN Economics Report
St Catherine University did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #10. This small school is located in Saint Paul, Minnesota, and it awarded 11 ’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.5%, 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 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Read full report on Economics at St. Kate’s
University of Minnesota - Duluth came in at #11 in this year’s edition of the Schools Highly Focused on Economics Major in Minnesota ranking. UMN Duluth is a medium-sized public school situated in Duluth, Minnesota. It awarded 37 ’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 0.4%, which is quite low when compared to the national default rate of 10.1%.
Full University of Minnesota - Duluth Economics Report
Bemidji State University ranked #12 on this year’s Schools Highly Focused on Economics Major in Minnesota list. Bemidji State University is located in Bemidji, Minnesota and, has a small student population. In 2021-2022, this school awarded 1 ’s economics degrees to qualified students.
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%.
Read more about Economics at Bemidji State University
Minnesota State University - Moorhead did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #13. MSU Moorhead is a small school located in Moorhead, Minnesota that handed out 10 ’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at MSU Moorhead
Saint Mary’s University of Minnesota ranked #14 on this year’s Schools Highly Focused on Economics Major in Minnesota list. Winona, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 5 students in 2021-2022.
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%.
Read more about Economics at Saint Mary’s University of Minnesota
Saint Cloud State University came in at #15 in this year’s edition of the Schools Highly Focused on Economics Major in Minnesota ranking. St. Cloud State University is a public institution located in Saint Cloud, Minnesota. The school has a fairly large population, and it awarded 21 ’s degrees in 2021-2022.
The low undergrad student loan default rate of 1.5% 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%.
Full Saint Cloud State University Economics Report
Bethel University Minnesota landed the #16 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. Bethel University Minnesota is a small private not-for-profit school situated in Saint Paul, Minnesota. It awarded 7 ’s economics degrees in 2021-2022.
The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The low undergrad student loan default rate of 1.1% 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 Bethel University 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 2021-2022.
The low undergrad student loan default rate of 1.1% 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 Hamline University
College of Saint Benedict ranked #18 on this year’s Schools Highly Focused on Economics Major in Minnesota list. This small school is located in Saint Joseph, Minnesota, and it awarded 5 ’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 0.2%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year.
Read more about Economics at CSB
Winona State University landed the #19 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. Winona State is a medium-sized public school situated in Winona, Minnesota. It awarded 3 ’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.1%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at Winona State
With a ranking of #20, Minnesota State University - Mankato did quite well on the 2023 Schools Highly Focused on Economics Major in Minnesota list. Minnesota State Mankato is a fairly large school located in Mankato, Minnesota that handed out 14 ’s economics degrees in 2021-2022.
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%.
Read full report on Economics at Minnesota State 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 8 ’s economics degrees in 2021-2022.
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%.
Read full report on Economics at Metro State
The College of Saint Scholastica did quite well in the 2023 Schools Highly Focused on Economics Major in Minnesota ranking, coming in at #22. This small school is located in Duluth, Minnesota, and it awarded 0 ’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%. The impressive undergraduate student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Full St. Scholastica Economics Report
North Central University landed the #22 spot on the 2023 Schools Highly Focused on Economics Major in Minnesota ranking. This small school is located in Minneapolis, Minnesota, and it awarded 0 ’s economics degrees in 2021-2022.
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%.
Full North Central University Economics Report
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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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