Michigan · Economics

Best Economics institutions in Michigan, ranked by earnings

The Economics program provides students with a comprehensive understanding of the production, distribution, and consumption of goods and services. It explores how economies function and how individuals respond to various incentives, making…

Institutions
22
offering CIP 45.06
States offered
9
with a program page
Degrees / yr
1,266
IPEDS completions 2026
Median grad earnings
$48,756
1 year after graduation
With earnings data
10
College Scorecard
Median net price
$21,132
IPEDS 2026
Avg graduation rate
65%
IPEDS 2026
State pay · Economists
$147,280
BLS OEWS 2024

Top 10 institutions, ranked by graduate earnings

Earnings = median 1 year after graduation (College Scorecard).

#InstitutionGrad earnings (1 yr)CompletionsGrad rateNet priceMedian debt
1University of Michigan - Ann Arbor
Ann Arbor Public · Bachelor's degree
$68,41675893%$19,690
2Michigan State University
East Lansing Public · Bachelor's degree
$54,01326781%$24,250
3Grand Valley State University
Allendale Public · Bachelor's degree
$53,9851067%$27,000
4Wayne State University
Detroit Public · Bachelor's degree
$50,6483258%$24,681
5University of Michigan - Dearborn
Dearborn Public · Bachelor's degree
$49,6651058%$28,381
6Albion College
Albion Private not-for-profit · Bachelor's degree
$48,7561162%$16,537$27,000
7Central Michigan University
Mount Pleasant Public · Bachelor's degree
$48,6361359%$27,000
8Calvin University
Grand Rapids Private not-for-profit · Bachelor's degree
$43,746274%$22,391$20,000
9Kalamazoo College
Kalamazoo Private not-for-profit · Bachelor's degree
$42,5081476%$19,279$27,000
10Eastern Michigan University
Ypsilanti Public · Bachelor's degree
$30,5691346%$26,536

Career outlook

What this program leads to: Economists (SOC 19-3011).

Projected growth (2024–2034)
+1.2%
Little or no change
Openings / yr (US)
~900
BLS Employment Projections
US median wage
$115,440
typically Master's degree

Top skills

Critical ThinkingMathematicsReading ComprehensionSpeakingActive ListeningWriting

What Economists earn in Michigan

Jobs in Michigan
280
BLS OEWS May 2024
State average pay
$147,280
median $94,850
Best-paying metro
$183,190
Ann Arbor, MI

Related careers

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Statisticians
$104,340 avg · 590 jobs

Common questions

Answers for students comparing Economics programs in Michigan.

Which Economics program in Michigan has the highest-earning graduates?+

By median earnings one year after graduation (College Scorecard), University of Michigan - Ann Arbor tops the list at $68,416. Compare it against completions, graduation rate, cost, and debt in the ranked table above.

How much do Economists earn in Michigan?+

The average annual wage for Economists in Michigan is $147,280 (median $94,850), across about 280 jobs. Source: BLS OEWS, May 2024.

What is the focus of the Economics program?+

The Economics program provides students with a comprehensive understanding of the production, distribution, and consumption of goods and services. It explores how economies function and how individuals respond to various incentives, making…

What skills will I develop in this program?+

You will develop critical thinking, mathematics, reading comprehension, speaking, and related professional skills.

What is the job outlook for Economists?+

The national job outlook is about +1.2% growth with around 900 annual openings (BLS Employment Projections 2024–2034).

What is the typical education requirement?+

A Master's degree is the typical entry-level education for this field (BLS).

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