by our College Data Analytics TeamBelow are the key facts about the program, including its ranking, popularity, student demographics, and graduate outcomes. Find out how Illinois compares to other colleges that offer economics.
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Illinois is in the top 10% of the country for economics. More specifically it was ranked #56 out of 377 schools by College Factual. It is also ranked #3 in Illinois.
During the most recent reporting year, University of Illinois Urbana-Champaign awarded 331 bachelor’s degrees in economics.
Economics graduates with a bachelor’s degree from Illinois go on to jobs where they make a median salary of $75,600 a year. This is below $91,048, the median for all majors at Illinois.
While getting their bachelor’s degree at Illinois, economics students accumulate a median of $21,228 in student loans. This is above $20,796, the typical median for all majors at Illinois.
Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $12,254 | $36,804 |
| Fees | $3,292 | $3,292 |
Learn more about Illinois tuition and fees.
In the most recent graduating class, 65% of economics bachelor’s degrees went to men and 35% went to women.
The majority of economics bachelor’s degree graduates at Illinois are Non-Resident Alien. Approximately 35% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Illinois Urbana-Champaign with a bachelor’s in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 67 |
| Black or African American | 10 |
| Hispanic or Latino | 34 |
| White | 92 |
| Non-Resident Aliens | 117 |
| Other Races | 11 |
Among recent graduates, 64% of economics master’s degrees went to men and 36% went to women.
The largest share of economics master’s degree graduates at Illinois are Non-Resident Alien. Roughly 77% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Illinois Urbana-Champaign with a master’s in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 1 |
| Black or African American | 2 |
| Hispanic or Latino | 2 |
| White | 13 |
| Non-Resident Aliens | 69 |
| Other Races | 3 |
For the most recent academic year available, 48% of economics doctoral degrees went to men and 52% went to women.
The largest share of economics doctoral degree graduates at Illinois were Non-Resident Alien. About 91% of graduates fell into this category.
The following table and chart show the ethnic background for students who recently graduated from University of Illinois Urbana-Champaign with a doctoral in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 2 |
| Non-Resident Aliens | 21 |
| Other Races | 0 |
Review the following statistics on the composition of the economics majors at University of Illinois Urbana-Champaign.
This economics program at Illinois includes the following concentrations:
| Concentration | Annual Graduates |
|---|---|
| Econometrics and Quantitative Economics | 187 |
Illinois awarded 187 completions in econometrics and quantitative economics recently — 35% to women and 65% to men. The largest share of these graduates were Non-Resident Alien (66%).