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Using science and data we decided to determine which programs offer the best career opportunities for economics Majors. Here are the set of the top colleges for economics Majors in US for 2021:
  1. University of Virginia
  2. University of Michigan - Ann Arbor
  3. Duke University
  4. University of North Carolina at Chapel Hill
  5. University of Florida
  6. University of Wisconsin - Madison
  7. University of Texas at Austin
  8. University of Notre Dame
  9. Northwestern University
  10. College of William and Mary
If you go to one of these schools, chances are, you're not surprised. After all, you know how great you have it.

25 best colleges for economics majors in the US

1. University of Virginia

Location
Charlottesville, VA
Admission rate: 26%
Mean earning of students 6 years after entry: $56,800

2. University of Michigan - Ann Arbor

Location
Ann Arbor, MI
Admission rate: 23%
Mean earning of students 6 years after entry: $55,900

3. Duke University

Location
Durham, NC
Admission rate: 9%
Mean earning of students 6 years after entry: $93,200

4. University of North Carolina at Chapel Hill

Location
Chapel Hill, NC
Admission rate: 23%
Mean earning of students 6 years after entry: $49,900

5. University of Florida

Location
Gainesville, FL
Admission rate: 39%
Mean earning of students 6 years after entry: $47,700

6. University of Wisconsin - Madison

Location
Madison, WI
Admission rate: 52%
Mean earning of students 6 years after entry: $49,600

7. University of Texas at Austin

Location
Austin, TX
Admission rate: 39%
Mean earning of students 6 years after entry: $52,200

8. University of Notre Dame

Location
Notre Dame, IN
Admission rate: 18%
Mean earning of students 6 years after entry: $69,700

9. Northwestern University

Location
Evanston, IL
Admission rate: 8%
Mean earning of students 6 years after entry: $71,900

10. College of William and Mary

Location
Williamsburg, VA
Admission rate: 37%
Mean earning of students 6 years after entry: $47,400

11. Colgate University

Location
Hamilton, NY
Admission rate: 25%
Mean earning of students 6 years after entry: $54,300

12. Brown University

Location
Providence, RI
Admission rate: 8%
Mean earning of students 6 years after entry: $64,800

13. Rice University

Location
Houston, TX
Admission rate: 11%
Mean earning of students 6 years after entry: $68,300

14. Cornell University

Location
Ithaca, NY
Admission rate: 11%
Mean earning of students 6 years after entry: $76,300

15. SUNY at Binghamton

Location
Vestal, NY
Admission rate: 40%
Mean earning of students 6 years after entry: $47,700

16. Vanderbilt University

Location
Nashville, TN
Admission rate: 10%
Mean earning of students 6 years after entry: $61,900

17. Boston College

Location
Chestnut Hill, MA
Admission rate: 28%
Mean earning of students 6 years after entry: $64,900

18. Stanford University

Location
Stanford, CA
Admission rate: 4%
Mean earning of students 6 years after entry: $92,800

19. University of Maryland - College Park

Location
College Park, MD
Admission rate: 47%
Mean earning of students 6 years after entry: $50,100

20. Dartmouth College

Location
Hanover, NH
Admission rate: 9%
Mean earning of students 6 years after entry: $74,600

21. University of California - Los Angeles

Location
Los Angeles, CA
Admission rate: 14%
Mean earning of students 6 years after entry: $52,000

22. University of Illinois at Urbana-Champaign

Location
Champaign, IL
Admission rate: 62%
Mean earning of students 6 years after entry: $52,300

23. Johns Hopkins University

Location
Baltimore, MD
Admission rate: 11%
Mean earning of students 6 years after entry: $68,000

24. University of California, Berkeley

Location
Berkeley, CA
Admission rate: 15%
Mean earning of students 6 years after entry: $57,600

25. Wake Forest University

Location
Winston-Salem, NC
Admission rate: 29%
Mean earning of students 6 years after entry: $62,900

How we determined the best economics colleges

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 departments offer the best career opportunities:
  • Percentage of Graduating Class That Are Business Majors
  • Mean Earnings After 10 Years
  • Mean Earnings After 6 Years
  • Admission Rate (More selective the better)
  • Average cost of attendance (Lower is better)
  • Median amount of debt
  • Ratio of people working to not working after 10 years