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2024 Best Economics Schools in Michigan

11 Colleges in Michigan
1,322 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 1,322 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
690 Economics Degrees Awarded
$62,024 Median Starting Salary

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

There were roughly 690 economics students who graduated with this degree at U-M in the most recent year we have data available. Degree recipients from the economics degree program at University of Michigan - Ann Arbor get $20,058 above the standard college grad in this field when they enter the workforce.

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

2
Doctor's Degree Highest Degree Type
312 Economics Degrees Awarded
$48,199 Median Starting Salary

Michigan State University is one of the finest schools in the United States for getting a degree in economics. Located in the small city of East Lansing, Michigan State is a public university with a fairly 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 roughly 312 economics students who graduated with this degree at Michigan State in the most recent year we have data available. Economics degree recipients from Michigan State University earn a boost of approximately $6,233 above the typical earnings 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

It is hard 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 fairly large student population. A Best Colleges rank of #335 out of 2,217 schools nationwide means WMU is a great university overall.

There were approximately 27 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
48 Economics Degrees Awarded
$35,437 Median Starting Salary

Wayne State University is a great decision for students interested in a degree in economics. Wayne State is a very large public university located in the 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 48 economics students who graduated with this degree at Wayne State in the most recent year we have data available. Students who receive their degree from the economics program earn around $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
$42,719 Median Starting Salary
$19,205 Median Student Debt

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 15 economics students who graduated with this degree at Eastern Michigan in the most recent data year. Students who receive their degree from the economics program earn around $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
Bachelor's Degree Highest Degree Type
$34,802 Median Starting Salary
$27,000 Median Student Debt

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 roughly 20 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 make an average of $34,802 for their early career.

More information about a degree in economics from Kalamazoo College

7
Central Michigan crest
Central Michigan University
Mount Pleasant, MI

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

There were roughly 23 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 make around $42,428 in the first couple years of working.

More information about a degree in economics from Central Michigan University

8
Albion crest
Albion College
Albion, MI
Bachelor's Degree Highest Degree Type
$39,973 Median Starting Salary
$26,849 Median Student Debt

Located in the fringe 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 roughly 13 economics students who graduated with this degree at Albion in the most recent data year. After graduation, economics degree recipients typically earn an average of $39,973 in their early careers.

More information about a degree in economics from Albion College

9
Bachelor's Degree Highest Degree Type
$36,005 Median Starting Salary
$24,904 Median Student Debt

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

There were about 17 economics students who graduated with this degree at GVSU in the most recent year we have data available. Soon after graduation, economics degree recipients usually earn about $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
$27,287 Median Student Debt

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

There were about 17 economics students who graduated with this degree at UM Dearborn in the most recent data year. After graduation, economics degree recipients typically earn an average of $36,103 at the beginning of their 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 Schools in the Great Lakes Area or other specific states within that region.

StateCollegesDegrees Awarded
Ohio3141,134
Illinois3042,131
Indiana294880
Wisconsin2731,225

View All Rankings >

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

Economics Concentrations

MajorAnnual Graduates
General Economics1,116
Econometrics & Quantitative Economics132
Applied Economics37
Other Economics30
Development Economics & International Development7

View All Economics Focus Areas >

Related MajorAnnual Graduates
Political Science & Government1,009
Sociology541
Anthropology261
General Social Sciences212
Geography & Cartography202
International Relations & National Security175
Other Social Sciences84
Urban Studies11
Sociology & Anthropology4
Archeology3

View All Economics Related Majors >

Notes and References

More about our data sources and methodologies.

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