by our College Data Analytics TeamBelow are the key facts about the program, including rankings, popularity, diversity, and earnings. See how Northwestern University ranks among other schools offering degrees in economics.
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Northwestern University is in the top 1% of the country for economics. More specifically it was ranked #4 out of 466 schools by College Factual. It is also ranked #1 in Illinois.
In the most recent year for which we have data, Northwestern University handed out 304 bachelor’s degrees in economics.
Economics students who finish a bachelor’s at Northwestern University earn a median of $105,795 a year. This is below $111,206, the median for all majors at Northwestern University.
Earning a bachelor’s degree at Northwestern University, economics graduates take on a median debt of $16,227 in student loans. This is lower than $16,857, the typical median for all majors at Northwestern University.
Average full-time tuition and fees are listed in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $60,276 | $67,158 |
| Fees | $1,164 | $1,164 |
Read more about Northwestern University tuition and fees.
In the most recent graduating class, 57% of economics bachelor’s degrees went to men and 43% went to women.
The largest share of economics bachelor’s degree graduates at Northwestern University were White. About 37% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a bachelor’s in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 81 |
| Black or African American | 8 |
| Hispanic or Latino | 29 |
| White | 111 |
| Non-Resident Aliens | 54 |
| Other Races | 21 |
In the most recent graduating class, 46% of economics master’s degrees went to men and 54% went to women.
The largest share of economics master’s degree graduates at Northwestern University are Non-Resident Alien. Approximately 99% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a master’s in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 1 |
| Non-Resident Aliens | 68 |
| Other Races | 0 |
Among recent graduates, 71% of economics doctoral degrees went to men and 29% went to women.
The majority of economics doctoral degree graduates at Northwestern University were Non-Resident Alien. Approximately 84% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from Northwestern University with a doctoral in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 1 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 3 |
| Non-Resident Aliens | 26 |
| Other Races | 0 |
Review the following statistics on the composition of the economics majors at Northwestern University.
The economics program at Northwestern University breaks down into the following more specific areas of study:
| Concentration | Annual Graduates |
|---|---|
| Econometrics and Quantitative Economics | 401 |
Northwestern University granted 401 degrees in econometrics and quantitative economics recently — 44% to women and 56% to men. Most of these graduates identified as Non-Resident Alien (37%).