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2024 Best Economics Schools in Michigan

11 Colleges in Michigan
1,496 Economics Degrees Awarded
$41,966 Avg Early-Career Salary
Ranked #19 in popularity, economics is one of the most sought-after degree programs in the nation. This means there are lots of options to choose from when you decide to get your degree.

For its 2024 ranking, College Factual looked at 11 schools in Michigan to determine which ones were the best for economics students pursuing a degree. Combined, these schools handed out 1,496 degrees in economics to qualified students.

Jump to one of the following sections: * Degree-Level Rankings

Choosing a Great Economics School

Best Economics Schools in Michigan Your choice of economics school matters, so we have put together these rankings to help you make your decision. We derive our Best Overall Economics School rankings by rolling up our degree-level rankings after weighting them by the number of degrees awarded at each school.

You may want to choose one of the degree levels below to find the schools of most interest to you.

Economics Rankings by Degree Level

Bachelor's Degrees in Economics
Master's Degrees in Economics
Doctor's Degrees in Economics

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 Michigan. If you'd like to restrict your choices to just one part of the country, you can filter this list by location.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

If you want to learn more about how we derive our rankings, see College Factual's Methodology.


 

Best Schools for Economics in Michigan

The schools below may not offer all types of economics degrees so you may want to filter by degree level first. However, they are great for the degree levels they do offer.

10 Top Michigan Schools in Economics

1
Doctor's Degree Highest Degree Type
728 Economics Degrees Awarded
8.1% Growth in Graduates

University of Michigan - Ann Arbor is one of the best schools in the United States for getting a degree in economics. U-M is a fairly large public university located in the medium-sized city of Ann Arbor. A Best Colleges rank of #29 out of 2,217 schools nationwide means U-M is a great university overall.

There were roughly 728 economics students who graduated with this degree at U-M in the most recent data year. Degree recipients from the economics major at University of Michigan - Ann Arbor earn $20,058 above the typical college grad with the same degree shortly after graduation.

More information about a degree in economics from University of Michigan - Ann Arbor

2
Michigan State crest
Michigan State University
East Lansing, MI
Doctor's Degree Highest Degree Type
379 Economics Degrees Awarded
12.4% Growth in Graduates

Michigan State University is one of the best schools in the United States for getting a degree in economics. Located in the city of East Lansing, Michigan State is a public university with a very large student population. A Best Colleges rank of #74 out of 2,217 schools nationwide means Michigan State is a great university overall.

There were approximately 379 economics students who graduated with this degree at Michigan State in the most recent data year. Economics degree recipients from Michigan State University get an earnings boost of around $6,233 over the average income of economics graduates.

More information about a degree in economics from Michigan State University

3
Doctor's Degree Highest Degree Type
7th Most Popular In MI
32 Economics Degrees Awarded

It's difficult to beat Western Michigan University if you want to pursue a degree in economics. Located in the city of Kalamazoo, WMU is a public university with a large student population. A Best Colleges rank of #335 out of 2,217 schools nationwide means WMU is a great university overall.

There were roughly 32 economics students who graduated with this degree at WMU in the most recent data year.

More information about a degree in economics from Western Michigan University

4
Doctor's Degree Highest Degree Type
53 Economics Degrees Awarded
$35,437 Median Starting Salary

Wayne State University is a wonderful choice for students pursuing a degree in economics. Wayne State is a fairly large public university located in the large city of Detroit. A Best Colleges rank of #381 out of 2,217 colleges nationwide means Wayne State is a great university overall.

There were roughly 53 economics students who graduated with this degree at Wayne State in the most recent data year. Graduates who receive their degree from the economics program make about $35,437 in the first couple years of working.

More information about a degree in economics from Wayne State University

5
Master's Degree Highest Degree Type
33 Economics Degrees Awarded
15.2% Growth in Graduates

Eastern Michigan is a fairly large public university located in the large suburb of Ypsilanti. This university ranks 20th out of 57 schools for overall quality in the state of Michigan.

There were approximately 33 economics students who graduated with this degree at Eastern Michigan in the most recent year we have data available. Students who receive their degree from the economics program earn about $42,719 in their early career salary.

More information about a degree in economics from Eastern Michigan University

6
K College crest
Kalamazoo College
Kalamazoo, MI

Located in the small city of Kalamazoo, K College is a private not-for-profit college with a small student population. This college ranks 13th out of 57 colleges for overall quality in the state of Michigan.

There were about 21 economics students who graduated with this degree at K College in the most recent data year. Students who receive their degree from the economics program earn around $34,802 in their early career salary.

More information about a degree in economics from Kalamazoo College

7
Central Michigan crest
Central Michigan University
Mount Pleasant, MI
Master's Degree Highest Degree Type
$42,428 Median Starting Salary
$30,406 Median Student Debt

Central Michigan is a fairly large public university located in the distant town of Mount Pleasant. A Best Colleges rank of #402 out of 2,217 colleges nationwide means Central Michigan is a great university overall.

There were about 18 economics students who graduated with this degree at Central Michigan in the most recent data year. Graduates who receive their degree from the economics program earn an average of $42,428 for their early career.

More information about a degree in economics from Central Michigan University

8
Albion crest
Albion College
Albion, MI
Bachelor's Degree Highest Degree Type
34 Economics Degrees Awarded
20.6% Growth in Graduates

Located in the town of Albion, Albion is a private not-for-profit college with a small student population. This college ranks 29th out of 57 colleges for overall quality in the state of Michigan.

There were approximately 34 economics students who graduated with this degree at Albion in the most recent data year. After graduation, economics degree recipients usually make around $39,973 in the first five years of their career.

More information about a degree in economics from Albion College

9
Bachelor's Degree Highest Degree Type
$36,005 Median Starting Salary
$27,939 Median Student Debt

GVSU is a very large public university located in the suburb of Allendale. A Best Colleges rank of #399 out of 2,217 schools nationwide means GVSU is a great university overall.

There were about 20 economics students who graduated with this degree at GVSU in the most recent data year. Soon after graduating, economics degree recipients typically make around $36,005 in the first five years of their career.

More information about a degree in economics from Grand Valley State University

10
Bachelor's Degree Highest Degree Type
$36,103 Median Starting Salary
$21,875 Median Student Debt

UM Dearborn is a medium-sized public university located in the midsize city of Dearborn. This university ranks 17th out of 57 colleges for overall quality in the state of Michigan.

There were about 23 economics students who graduated with this degree at UM Dearborn in the most recent data year. After graduation, economics degree recipients generally earn around $36,103 in their early careers.

More information about a degree in economics from University of Michigan - Dearborn

Best Economics Colleges in the Great Lakes Region

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

State Colleges Degrees Awarded
Ohio 314 1,134
Illinois 304 2,131
Indiana 294 880
Wisconsin 273 1,225

View All Rankings >

Economics is one of 13 different types of Social Sciences programs to choose from.

Economics Concentrations

Major Annual Graduates
General Economics 1,231
Econometrics & Quantitative Economics 126
Applied Economics 70
Other Economics 43
Development Economics & International Development 26

View All Economics Focus Areas >

Related Major Annual Graduates
Political Science & Government 1,046
Sociology 551
Anthropology 259
General Social Sciences 230
Geography & Cartography 215
International Relations & National Security 214
Other Social Sciences 105
Urban Studies 20
Sociology & Anthropology 9
Archeology 3

View All Economics Related Majors >

Notes and References

More about our data sources and methodologies.

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