Best institutions to study Econometrics and Quantitative Economics
A program that focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems.
320 U.S. institutions graduated 22,866 Econometrics and Quantitative Economics students in 2024–25 (IPEDS). It is CIP 45.0603, a specialization of Economics (CIP 45.06), and leads most directly to the Economists occupation (BLS SOC 19-3011).
About Econometrics and Quantitative Economics programs
A program that focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. Includes instruction in economic statistics, optimization theory, cost/benefit analysis, price theory, economic modeling, and economic forecasting and evaluation.
See also: 30.4901 - Mathematical Economics.
Source: National Center for Education Statistics, Classification of Instructional Programs (CIP 2020).
The Econometrics and Quantitative Economics program focuses on the systematic study of mathematical and statistical analysis of economic phenomena. This program is designed for students interested in understanding and solving complex economic problems through quantitative methods. It is a vital part of the broader field of Economics and prepares students for various analytical roles in the workforce.
Students in this program gain core skills in critical thinking, mathematics, and data analysis. Coursework typically includes economic statistics, optimization theory, cost/benefit analysis, and economic modeling, equipping graduates with the tools needed to analyze and interpret economic data effectively.
Credentials awarded
What Econometrics and Quantitative Economics graduates earned in 2024–25, by award level (IPEDS completions).
- Bachelor's degree17,237 graduates / yr · 236 institutions75%
- Master's degree4,225 graduates / yr · 183 institutions19%
- Doctor's degree - research/scholarship1,271 graduates / yr · 118 institutions5.6%
- Postbaccalaureate certificate55 graduates / yr · 12 institutions0.2%
- Award of at least 12 weeks but less than 1 academic year54 graduates / yr · 5 institutions0.2%
- Post-master's certificate24 graduates / yr · 3 institutions0.1%
Graduates over time
Econometrics and Quantitative Economics completions reported to IPEDS each year, all award levels combined.
| Year | Graduates |
|---|---|
| 2012 | 411 |
| 2013 | 643 |
| 2014 | 636 |
| 2015 | 799 |
| 2016 | 1,198 |
| 2017 | 3,459 |
| 2018 | 6,706 |
| 2019 | 10,667 |
| 2020 | 14,154 |
| 2021 | 16,655 |
| 2022 | 18,841 |
| 2023 | 20,549 |
| 2024 | 20,643 |
| 2025 | 22,866 |
Top 50 institutions for Econometrics and Quantitative Economics, ranked by graduates
Graduates (IPEDS completions), 2024–25. Award levels show which credentials each institution confers in this specialization.
| # | Institution | Graduates / yr | Grad rate | Net price | Field earnings* (1 yr) |
|---|---|---|---|---|---|
| 1 | University of California - Los Angeles Los Angeles, CAPublicBachelor'sMaster'sDoctoral | 928 | 93% | — | $62,091 |
| 2 | University of Chicago Chicago, ILPrivate not-for-profitBachelor'sMaster'sDoctoral | 780 | 96% | $13,333 | $92,075 |
| 3 | University of California - Berkeley Berkeley, CAPublicBachelor'sDoctoralMaster's | 777 | 93% | — | $80,446 |
| 4 | University of California - Santa Barbara Santa Barbara, CAPublicBachelor'sMaster'sDoctoral | 727 | 83% | — | $66,334 |
| 5 | New York University New York, NYPrivate not-for-profitBachelor'sMaster'sDoctoral | 614 | 88% | $29,023 | $68,495 |
| 6 | Columbia University in the City of New York New York, NYPrivate not-for-profitBachelor'sMaster'sDoctoralMaster's | 524 | 96% | $15,315 | $83,135 |
| 7 | University of California - Davis Davis, CAPublicBachelor'sDoctoralMaster's | 462 | 86% | — | $50,295 |
| 8 | University of Southern California Los Angeles, CAPrivate not-for-profitBachelor'sMaster'sDoctoral | 441 | 92% | $26,873 | $57,060 |
| 9 | Harvard University Cambridge, MAPrivate not-for-profitBachelor'sMaster'sDoctoral | 416 | 98% | $15,013 | $103,993 |
| 10 | Boston College Chestnut Hill, MAPrivate not-for-profitBachelor'sMaster'sDoctoral | 409 | 91% | $21,126 | $72,099 |
| 11 | Northwestern University Evanston, ILPrivate not-for-profitBachelor'sMaster'sDoctoral | 397 | 95% | $14,799 | $84,932 |
| 12 | University of Virginia - Main Campus Charlottesville, VAPublicBachelor'sMaster'sDoctoral | 385 | 96% | — | $74,958 |
| 13 | University of California - Riverside Riverside, CAPublicBachelor'sDoctoralMaster's | 379 | 76% | — | $37,149 |
| 14 | Johns Hopkins University Baltimore, MDPrivate not-for-profitMaster'sBachelor'sDoctoral | 375 | 94% | $11,888 | $78,181 |
| 15 | Utah State University Logan, UTPublicBachelor'sMaster's | 362 | 59% | — | $60,472 |
| 16 | University of Maryland - College Park College Park, MDPublicBachelor'sMaster'sDoctoral | 358 | 89% | — | $58,650 |
| 17 | Pennsylvania State University - Main Campus University Park, PAPublicBachelor'sDoctoralMaster's | 338 | 86% | — | $55,418 |
| 18 | Northeastern University Boston, MAPrivate not-for-profitBachelor'sMaster'sDoctoral | 284 | 91% | $18,925 | $70,531 |
| 19 | Yale University New Haven, CTPrivate not-for-profitBachelor'sMaster'sDoctoral | 279 | 96% | $27,025 | $82,617 |
| 20 | Ohio State University - Main Campus Columbus, OHPublicBachelor'sMaster'sDoctoral | 274 | 88% | — | $50,209 |
| 21 | University of Washington - Seattle Campus Seattle, WAPublicBachelor'sDoctoralMaster's | 264 | 85% | — | $53,934 |
| 22 | Duke University Durham, NCPrivate not-for-profitBachelor'sMaster'sDoctoral | 263 | 97% | $16,260 | $98,649 |
| 23 | Brown University Providence, RIPrivate not-for-profitBachelor'sMaster'sDoctoral | 246 | 96% | $14,644 | $72,064 |
| 24 | University at Albany Albany, NYPublicBachelor'sMaster'sDoctoralMaster's | 239 | 61% | — | $37,188 |
| 25 | Cornell University Ithaca, NYPrivate not-for-profitBachelor'sMaster'sDoctoral | 235 | 95% | $17,613 | $84,967 |
| 26 | Vanderbilt University Nashville, TNPrivate not-for-profitBachelor'sMaster'sDoctoral | 232 | 94% | $14,854 | $84,311 |
| 27 | University of California - San Diego La Jolla, CAPublicBachelor'sDoctoralMaster's | 231 | 86% | — | $51,192 |
| 28 | University of Utah Salt Lake City, UTPublicBachelor'sMaster'sDoctoral | 224 | 65% | — | $64,386 |
| 29 | University of Wisconsin - Madison Madison, WIPublicMaster'sDoctoral | 224 | 90% | — | $54,495 |
| 30 | Florida State University Tallahassee, FLPublicBachelor'sMaster'sDoctoral | 223 | 86% | — | $47,304 |
| 31 | Purdue University - Main Campus West Lafayette, INPublicBachelor'sMaster'sPost-degree cert.Doctoral | 217 | 83% | — | $59,187 |
| 32 | Georgetown University Washington, DCPrivate not-for-profitBachelor'sMaster'sDoctoral | 216 | 95% | $22,242 | $84,460 |
| 33 | University of Pittsburgh - Pittsburgh Campus Pittsburgh, PAPublicBachelor'sMaster'sDoctoral | 205 | 85% | — | $50,529 |
| 34 | University of Pennsylvania Philadelphia, PAPrivate not-for-profitBachelor'sDoctoralMaster's | 198 | 97% | $22,055 | $89,097 |
| 35 | Tufts University Medford, MAPrivate not-for-profitBachelor'sMaster'sDoctoral | 197 | 94% | $23,570 | $75,125 |
| 36 | The University of Texas at Austin Austin, TXPublicBachelor'sMaster'sDoctoral | 192 | 89% | — | $58,717 |
| 37 | University of Illinois Urbana - Champaign Champaign, ILPublicMaster'sBachelor'sDoctoral | 181 | 85% | — | $58,921 |
| 38 | Princeton University Princeton, NJPrivate not-for-profitBachelor'sDoctoralMaster's | 170 | 98% | $13,729 | $103,041 |
| 39 | Boston University Boston, MAPrivate not-for-profitMaster'sDoctoral | 161 | 89% | $21,956 | $55,733 |
| 40 | Washington University in St Louis St. Louis, MOPrivate not-for-profitBachelor'sMaster'sDoctoral | 160 | 94% | $14,126 | $66,325 |
| 41 | George Mason University Fairfax, VAPublicBachelor'sMaster'sDoctoral | 157 | 68% | — | $53,024 |
| 42 | Stanford University Stanford, CAPrivate not-for-profitBachelor'sDoctoralMaster's | 151 | 92% | $12,032 | $98,104 |
| 43 | Arizona State University Campus Immersion Tempe, AZPublicBachelor'sDoctoralMaster's | 145 | 68% | — | $54,778 |
| 44 | University of Colorado Denver/Anschutz Medical Campus Denver, COPublicBachelor'sMaster's | 145 | 46% | — | $56,201 |
| 45 | University of Notre Dame Notre Dame, INPrivate not-for-profitBachelor'sMaster'sDoctoral | 145 | 95% | $19,452 | $76,299 |
| 46 | University of North Carolina at Chapel Hill Chapel Hill, NCPublicBachelor'sDoctoralMaster's | 140 | 91% | — | $65,344 |
| 47 | University of Oregon Eugene, ORPublicBachelor'sMaster'sDoctoral | 135 | 72% | — | $45,941 |
| 48 | Stony Brook University Stony Brook, NYPublicBachelor'sDoctoralMaster's | 130 | 76% | — | $44,349 |
| 49 | Dartmouth College Hanover, NHPrivate not-for-profitBachelor's | 128 | 96% | $14,689 | $94,675 |
| 50 | Middlebury College Middlebury, VTPrivate not-for-profitBachelor's | 128 | 91% | $20,918 | $85,879 |
* Median earnings 1 year after graduation for the broader Economics field (CIP 45.06) at these institutions; College Scorecard does not publish earnings at the 6-digit level.
Offered in 49 states
Where Econometrics and Quantitative Economics graduates come from. Each state links to all Economics programs offered there.
Careers & outlook
The payoff after graduation: occupation 19-3011, Economists, and its national outlook.
Graduates of the Econometrics and Quantitative Economics program can pursue careers as economists, data scientists, and statisticians, among others. The job outlook indicates little or no change in employment opportunities, with about 900 annual openings and a median wage of $115,440, typically requiring a master's degree for advancement.
Top-paying metros
Career pathways for CIP 45.0603
The occupations the NCES crosswalk maps this 6-digit code to, with BLS pay and 10-year outlook.
| Occupation | US median pay | Growth | Openings / yr | Typical entry education |
|---|---|---|---|---|
Economistsprimary SOC 19-3011 | $124,720 | +1.2% Little or no change | ~900 | Master's degree |
Managers, All Other SOC 11-9199 | $141,900 | +4.5% About as fast as average | ~106,700 | Bachelor's degree |
Data Scientists SOC 15-2051 | $120,230 | +33.5% Much faster than average | ~23,400 | Bachelor's degree |
Social Science Research Assistants SOC 19-4061 | $61,990 | +4.4% About as fast as average | ~5,200 | Bachelor's degree |
Statisticians SOC 15-2041 | $105,650 | +8.5% Much faster than average | ~2,000 | Master's degree |
Economics Teachers, Postsecondary SOC 25-1063 | $123,920 | +2.1% About as fast as average | ~1,200 | Doctoral or professional degree |
Job Zone Five: Extensive Preparation Needed
- Education
- Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
- Experience
- Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
- Training
- Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.
Related careers
Skills & knowledge in Econometrics and Quantitative Economics programs
From the U.S. Dept. of Labor for the occupation this specialization most leads to.
Skills you'll build
Knowledge areas
Abilities that matter most
Day-to-day work activities
What graduates do on the job
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
- Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
- Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
- Explain economic impact of policies to the public.
- Review documents written by others.
- Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
Tools and technology used
Other Economics specializations
The 5 other 6-digit CIP codes under Economics (CIP 45.06).
- EconomicsCIP 45.060119,798 graduates / yr638 institutions
- Development Economics and International DevelopmentCIP 45.0604384 graduates / yr42 institutions
- Applied EconomicsCIP 45.0602378 graduates / yr28 institutions
- International EconomicsCIP 45.0605204 graduates / yr18 institutions
- EconomicsCIP 45.0699143 graduates / yr24 institutions
Common questions
What degrees can I earn in this program?+
You can earn a Bachelor's degree, Master's degree, Doctor's degree, or a Postbaccalaureate certificate.
What skills will I develop?+
You will develop skills in critical thinking, mathematics, data analysis, and effective communication.
What careers can I pursue with this degree?+
You can work as an economist, data scientist, statistician, or social science research assistant.
What is the job outlook for this field?+
The job outlook shows little or no change, with 900 annual openings and a median wage of $115,440.
What is the CIP code for Econometrics and Quantitative Economics?+
Econometrics and Quantitative Economics is CIP 45.0603 in the NCES Classification of Instructional Programs (CIP 2020), a 6-digit specialization within Economics (CIP 45.06). NCES defines it as: A program that focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. Includes instruction in economic statistics, optimization theory, cost/benefit analysis, price theory, economic modeling, and economic forecasting and evaluation.
How many institutions offer Econometrics and Quantitative Economics programs?+
320 U.S. institutions reported Econometrics and Quantitative Economics graduates in IPEDS 2024–25, across 49 states, awarding 22,866 credentials in the year. That is 52.2% of all Economics graduates.
How much do Econometrics and Quantitative Economics graduates earn?+
Earnings are not published at the 6-digit CIP level by any federal source. The Economists occupation, which Econometrics and Quantitative Economics most directly leads to, pays a median of $124,720 a year nationally (BLS OEWS May 2025), and graduates of the broader Economics field report median earnings of $54,752 one year after graduation (College Scorecard).
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.
Program definitions are from the NCES Classification of Instructional Programs (CIP 2020). Skills, knowledge, abilities, work activities, tools, and job zones are from the O*NET database by the U.S. Department of Labor, used under the CC BY 4.0 license.
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