Economics

2022 Best Economics Schools in Illinois

27 Colleges in Illinois
2,106 Economics Degrees Awarded
$49,350 Avg Early-Career Salary
Economics is of the hottest degree programs in the United States, coming in as the #18 most popular major in the country. So, there are lots of possibilities to explore when you're trying to determine where you want to get your degree.

College Factual looked at 27 colleges and universities when compiling its 2022 Best Economics Schools in Illinois ranking. Combined, these schools handed out 2,106 degrees in economics to qualified students.

What's on this page: * Degree-Level Rankings

Choosing a Great Economics School

Best Economics Schools in Illinois The economics program you select can have a big impact on your future. That's why we developed our collection of Best Schools for Economics rankings. For our Best Overall Economics School rankings, we roll up the results of our degree-level rankings, weighted by the number of degrees awarded at that level.

In order to find the schools that are the best fit for you, you may want to filter to one of the degree levels below.

Pick Your Economics Degree Level

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 the Best Economics Schools in Illinois. More interested in schools in a specific area of the country? Filter this list by region or state.

To further help you make the college decision, we've developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out later.

Read more about College Factual's methodology.

Featured Economics Programs

Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.

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Best Schools for Economics in Illinois

If you aren't interested in a particular degree level and want to know which schools are the overall best at delivering an education for the economics degrees they offer, see the list below.

10 Top Illinois Schools in Economics

#1

University of Chicago

Chicago, IL
Doctor's Degree Highest Degree Type
525 Economics Degrees Awarded

University of Chicago is a wonderful decision for students pursuing a degree in economics. UChicago is a large private not-for-profit university located in the large city of Chicago. A Best Schools rank of #7 out of 2,576 colleges nationwide means UChicago is a great university overall.

There were about 525 economics students who graduated with this degree at UChicago in the most recent year we have data available. Economics degree recipients from University of Chicago earn a boost of about $33,650 over the average income of economics majors.

More information about a degree in economics from University of Chicago

#2

Northwestern University

Evanston, IL
Doctor's Degree Highest Degree Type
392 Economics Degrees Awarded

Northwestern University is one of the best schools in the country for getting a degree in economics. Located in the small city of Evanston, Northwestern is a private not-for-profit university with a fairly large student population. A Best Schools rank of #14 out of 2,576 colleges nationwide means Northwestern is a great university overall.

There were approximately 392 economics students who graduated with this degree at Northwestern in the most recent year we have data available. Degree recipients from the economics program at Northwestern University earn $19,850 above the typical college graduate with the same degree when they enter the workforce.

More information about a degree in economics from Northwestern University

Doctor's Degree Highest Degree Type
581 Economics Degrees Awarded

It's hard to beat University of Illinois at Urbana-Champaign if you want to pursue a degree in economics. UIUC is a very large public university located in the city of Champaign. A Best Schools rank of #68 out of 2,576 schools nationwide means UIUC is a great university overall.

There were about 581 economics students who graduated with this degree at UIUC in the most recent year we have data available. Soon after graduating, economics degree recipients usually make an average of $49,400 at the beginning of their careers.

More information about a degree in economics from University of Illinois at Urbana-Champaign

Bachelor's Degree Highest Degree Type
6th Most Popular In IL
40 Economics Degrees Awarded

Wheaton College Illinois is a great option for students pursuing a degree in economics. Located in the suburb of Wheaton, Wheaton College Illinois is a private not-for-profit college with a small student population. A Best Schools rank of #182 out of 2,576 colleges nationwide means Wheaton College Illinois is a great college overall.

There were approximately 40 economics students who graduated with this degree at Wheaton College Illinois in the most recent year we have data available.

More information about a degree in economics from Wheaton College Illinois

#5

Illinois Wesleyan University

Bloomington, IL
Bachelor's Degree Highest Degree Type
20th Most Popular In IL

Illinois Wesleyan is a small private not-for-profit university located in the small city of Bloomington. A Best Schools rank of #149 out of 2,576 schools nationwide means Illinois Wesleyan is a great university overall.

There were approximately 14 economics students who graduated with this degree at Illinois Wesleyan in the most recent data year.

More information about a degree in economics from Illinois Wesleyan University

#6

Lake Forest College

Lake Forest, IL
Bachelor's Degree Highest Degree Type
11th Most Popular In IL
$27,000 Median Student Debt

Lake Forest is a small private not-for-profit college located in the suburb of Lake Forest. A Best Schools rank of #437 out of 2,576 colleges nationwide means Lake Forest is a great college overall.

There were about 21 economics students who graduated with this degree at Lake Forest in the most recent data year.

More information about a degree in economics from Lake Forest College

#7

Augustana College

Rock Island, IL
Bachelor's Degree Highest Degree Type
17th Most Popular In IL
$27,000 Median Student Debt

Located in the city of Rock Island, Augustana is a private not-for-profit college with a small student population. A Best Schools rank of #245 out of 2,576 colleges nationwide means Augustana is a great college overall.

There were approximately 8 economics students who graduated with this degree at Augustana in the most recent data year.

More information about a degree in economics from Augustana College

Doctor's Degree Highest Degree Type
128 Economics Degrees Awarded

Located in the city of Chicago, UIC is a public university with a fairly large student population. A Best Schools rank of #355 out of 2,576 colleges nationwide means UIC is a great university overall.

There were roughly 128 economics students who graduated with this degree at UIC in the most recent data year. Students who receive their degree from the economics program earn around $39,300 in their early career salary.

More information about a degree in economics from University of Illinois at Chicago

#9

North Central College

Naperville, IL
Bachelor's Degree Highest Degree Type
7th Most Popular In IL
31 Economics Degrees Awarded

North Central is a small private not-for-profit college located in the medium-sized city of Naperville. A Best Schools rank of #635 out of 2,576 colleges nationwide means North Central is a great college overall.

There were approximately 31 economics students who graduated with this degree at North Central in the most recent year we have data available.

More information about a degree in economics from North Central College

Master's Degree Highest Degree Type
60 Economics Degrees Awarded

Illinois State is a fairly large public university located in the medium-sized suburb of Normal. A Best Schools rank of #230 out of 2,576 schools nationwide means Illinois State is a great university overall.

There were roughly 60 economics students who graduated with this degree at Illinois State in the most recent year we have data available. After graduating, economics degree recipients usually make around $43,500 in their early careers.

More information about a degree in economics from Illinois State University

Best Economics Colleges in the Great Lakes Region

Explore all the Best Economics Schools in the Great Lakes Area or other specific states within that region.

State Colleges Degrees Awarded
Michigan 305 1,358
Ohio 303 1,180
Indiana 283 853
Wisconsin 267 1,182

View All Rankings >

Economics is one of 12 different types of Social Sciences programs to choose from.

Economics Focus Areas

Major Annual Graduates
Econometrics & Quantitative Economics 1,193
General Economics 901
International Economics 6
Applied Economics 5
Development Economics & International Development 1

View All Economics Concentrations >

Majors Similar to Economics

Related Major Annual Graduates
Political Science & Government 1,532
Sociology 860
International Relations & National Security 373
Anthropology 290
General Social Sciences 259
Geography & Cartography 242
Criminology 176
Urban Studies 46
Sociology & Anthropology 40
Other Social Sciences 14

View All Economics Related Majors >

Notes and References

  • The bars on the spread charts above show the distribution of the schools on this list +/- one standard deviation from the mean.
  • 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 the rest 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).
  • Credit for the banner image above goes to pixabay.

More about our data sources and methodologies.

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