Michigan · Economics

Best institutions to study Economics in Michigan

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
23
offering CIP 45.06
States & territories
52
with a program page
Degrees / yr
1,238
IPEDS completions 2024–25
Median grad earnings
$48,756
1 year after graduation
With earnings data
10
College Scorecard
Median net price
$21,132
IPEDS 2024–25
Avg graduation rate
64%
IPEDS 2024–25
State pay · Economists
$117,980
BLS OEWS May 2025

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
$68,41668793%$19,690
2Michigan State University
East Lansing Public · Bachelor's degree
$54,01332881%$24,250
3Grand Valley State University
Allendale Public · Bachelor's degree
$53,985567%$27,000
4Wayne State University
Detroit Public · Bachelor's degree
$50,6482758%$24,681
5University of Michigan - Dearborn
Dearborn Public · Bachelor's degree
$49,665958%$28,381
6Albion College
Albion Private not-for-profit · Bachelor's degree
$48,7561962%$16,537$27,000
7Central Michigan University
Mount Pleasant Public · Bachelor's degree
$48,6361259%$27,000
8Calvin University
Grand Rapids Private not-for-profit · Bachelor's degree
$43,746774%$22,391$20,000
9Kalamazoo College
Kalamazoo Private not-for-profit · Bachelor's degree
$42,5081976%$19,279$27,000
10Eastern Michigan University
Ypsilanti Public · Bachelor's degree
$30,569946%$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
320
BLS OEWS May 2025
State average pay
$117,980
median $106,350
Best-paying metro
$131,430
Ann Arbor, MI

Related careers

Market Research Analysts and Marketing Specialists
$77,240 avg · 24,220 jobs
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Social Science Research Assistants
$60,480 avg · 750 jobs
Statisticians
$117,520 avg · 570 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 $117,980 (median $106,350), across about 320 jobs. Source: BLS OEWS, May 2025.

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).

About the data on this page

Every figure comes from an official federal or public source. Here is each one and the release it is currently on.

IPEDSFall 2025–26 release, published July 28, 2026
Enrollment, completions, graduation rates, tuition, financial aid, staffing, and finance for every U.S. institution in federal student aid programs.
College ScorecardJune 10, 2026 release (merged 2025–26 files)
Institution and field-of-study costs, graduate earnings, debt, completion, and admissions outcomes compiled from federal aid records, tax data, and IPEDS.
PSEO graduate earnings2019–21 graduation cohorts (release V4.13.0)
Earnings and employment outcomes of graduates by institution, degree level, and field of study, measured from state wage records.
BLS wages & outlookOEWS May 2025 release
Occupational employment and wage estimates plus 10-year job outlook, used to connect programs to real-world earnings.
FVT/GE program performanceProvisional preview, May 18, 2026 release
Program-level debt-to-earnings and earnings-premium measures behind the FVT/GE and STATS accountability frameworks.

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