Using science and data, we can tell you which colleges in FL offer the best opportunities for economics majors.
You know there are a ton of great reasons to major in economics — the job prospects, the intellectual challenge, and the chance to follow in the footsteps of some of the greatest thinkers of all time.
But what program in Florida offers the most to would be economics majors?
We at Zippia decided to take a look at the data on the 436 institutions of higher learning in the Sunshine State to determine which programs offer the best career opportunities for economics majors.
After the dust settled, we’re left with this set of the top colleges for economics majors in Florida:
If you go to one of these schools, chances are, you’re not surprised. After all, you know how great you have it.
But for the rest of you — keep reading and we’ll get to just why these schools have some of the best economics programs the Sunshine State has to offer.
Economics is, at its core, the study of choice under constraints. When it comes to identifying the best economics schools we wanted to approach the ranking like economics major would, by looking at data on how schools perform and comparing them to one another.
What better way to optimize your choice?
So with that mind, we looked at the following data from the NCES (National Center For Education Statistics) and College Scorecard data from ED.gov to understand what economics department offer the best career opportunities:
It’s hard to argue with a selective school that features economics and produces strong earning potential for your career.
After we had this data, we looked at the 436 institutions of higher learning in Florida.
We then ranked each of these schoolsfor each of the criteria above with 1 being the best in any given criteria.
Next, we averaged the ranks for each school to create an “Economics Quality Index”. The school with the best score on the “Economics Quality Index”, Florida International University, earned the distinction of being the ‘Best College For Economics’ in Florida.
Here’s what’s great about FIU’s Economics Program – it’s relatively inexpensive, and the results are top notch. Graduates command the 7th-highest salaries of all econ grads in Florida – even 10 years out of school.
The most surprising aspect? It’s really exclusive. Only 43% of applicants are admitted. But when you’re good, you can choose to be picky.
The UF Economics Department is under the university’s College of Liberal Arts and Sciences, where it’s been churning out some of the best economics graduates in the state for years.
Only one other program sees its graduates earning higher salaries a decade after graduation – Miami. And there’s no program in Florida where econ graduates complete their degree at a higher rate in the Sunshine State.
Chair Steven B. Caudill, Ph.D.. and company have a good thing going at FAU. While one of the most expensive programs in the state, you get what you pay for. FAU econ grads remain in their field at a much higher rate than other programs in Florida.
Additionally, Florida Atlantic econ grads rank 12th in the state for salaries.
If you like being around a bunch of other math nerds, than UCF is your place. It’s the largest economics department in the state.
Here in Orlando, two-thirds of students who begin the economics program graduate, which is 4th in the state.
The flagship campus for the University of South Florida has an impressive number of reasons to brag. Students command the 9th-highest salaries after graduation, and if exclusivity is a signal of greatness, than USF’s 45% acceptance rate means they can afford to be picky about who they let in.
The University of Miami’s School of Business has one impressive Economics Department. Miami economics graduates earn more money than anyone else in Florida. 81% of students graduate from the econ department when they start, which is 2nd to Florida.
This is the hardest program to get into in the state. Only 41% of applicants are accepted.
UNF ranks well in every measurable unit we look at. Being far above average in every category we measured has its price tag: This is one of the costlier economics programs in the state.
But you get what you pay for.
Would you have guessed that FGCU’s economics program is the most expensive in the state? It’s true. In fact, if the price tag to earn an econ degree was lower, FGCU would have ranked much higher on our list.
As it stands, when you graduate from FGCU with an econ degree, you’ll be one of the highest-paid workers in the state.
The only Catholic Archdiocesan-sponsored university in Florida, little St. Thomas University might be the best bet for students who want lots of personal attention. Their economics department is tiny in comparison to the larger state schools, but graduates command the highest salaries of any other school in the state.
And not only are St. Thomas University econ grads wealthy, they’re still working in their field, even a decade after finishing school.
Florida State’s Department of Economics is the largest department in the university’s College of Social Sciences and Public Policy.
Graduates earn the 8th-highest salaries, and the graduation rate of 77% is 3rd in the state. Plus, you know there are tons of FSU alum in the area with which you can network with.
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