Best Master's in Economics Programs

A wide-reaching field that can help you get a handle on the hidden motivations driving humans to earn and spend, economics is perfect for people who want to combine behavioral science with number-driven data analysis.  

While most econ majors do just fine with only a bachelor’s degree, they generally work in a corporate environment in jobs that aren’t strictly related to their major. If you’re passionate about the science of economics, however, you may want to consider graduate school. 

Notably, a master’s degree is an important asset if you want to work as an economist.  

Below, we list the best economics masters programs according to return on investment. As an adept student of homo economicus, you understand the importance of a degree’s value for money. The schools below provide exactly that. 

Find out more about our methodology for ranking colleges.

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Ranking methodology
#1 in Economics
Economic score 0.25

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $71,768

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $18,203

The total debt accrued by the median student at the time of graduation.

#2 in Economics
Economic score 0.26

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $111,534

Median earnings of all students 4 years after graduating.

Debt to earnings 0.4

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $42,887

The total debt accrued by the median student at the time of graduation.

#3 in Economics
Economic score 0.27

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $70,594

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $18,583

The total debt accrued by the median student at the time of graduation.

#4 in Economics

Johns Hopkins University

Baltimore, Maryland

Economic score 0.27

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $126,163

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $40,709

The total debt accrued by the median student at the time of graduation.

#5 in Economics

Florida State University

Tallahassee, Florida

Economic score 0.27

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $69,338

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $20,000

The total debt accrued by the median student at the time of graduation.

#6 in Economics

UC Santa Cruz

Santa Cruz, California

Economic score 0.30

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $89,229

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $26,988

The total debt accrued by the median student at the time of graduation.

#7 in Economics

Duke University

Durham, North Carolina

Economic score 0.37

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $124,851

Median earnings of all students 4 years after graduating.

Debt to earnings 0.5

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $67,615

The total debt accrued by the median student at the time of graduation.

#8 in Economics

DePaul University

Chicago, Illinois

Economic score 0.38

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $90,968

Median earnings of all students 4 years after graduating.

Debt to earnings 0.4

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $36,487

The total debt accrued by the median student at the time of graduation.

#9 in Economics

George Mason University

Fairfax, Virginia

Economic score 0.39

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $84,684

Median earnings of all students 4 years after graduating.

Debt to earnings 0.4

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $31,962

The total debt accrued by the median student at the time of graduation.

#10 in Economics

Marquette University

Milwaukee, Wisconsin

Economic score 0.43

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $57,318

Median earnings of all students 4 years after graduating.

Debt to earnings 0.3

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $19,708

The total debt accrued by the median student at the time of graduation.

#11 in Economics
Economic score 0.48

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $66,870

Median earnings of all students 4 years after graduating.

Debt to earnings 0.5

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $30,638

The total debt accrued by the median student at the time of graduation.

#12 in Economics
Economic score 0.49

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $76,460

Median earnings of all students 4 years after graduating.

Debt to earnings 0.5

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $37,017

The total debt accrued by the median student at the time of graduation.

#13 in Economics
Economic score 0.51

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $75,503

Median earnings of all students 4 years after graduating.

Debt to earnings 0.5

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $40,779

The total debt accrued by the median student at the time of graduation.

#14 in Economics

Brandeis University

Waltham, Massachusetts

Economic score 0.52

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $77,296

Median earnings of all students 4 years after graduating.

Debt to earnings 0.5

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $39,484

The total debt accrued by the median student at the time of graduation.

#15 in Economics
Economic score 0.58

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $64,493

Median earnings of all students 4 years after graduating.

Debt to earnings 0.5

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $34,166

The total debt accrued by the median student at the time of graduation.

#16 in Economics

American University

Washington, District of Columbia

Economic score 0.60

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $93,099

Median earnings of all students 4 years after graduating.

Debt to earnings 0.6

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $51,250

The total debt accrued by the median student at the time of graduation.

#17 in Economics

Georgetown University

Washington, District of Columbia

Economic score 0.64

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $93,679

Median earnings of all students 4 years after graduating.

Debt to earnings 0.8

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $70,905

The total debt accrued by the median student at the time of graduation.

#18 in Economics

University of San Francisco

San Francisco, California

Economic score 0.70

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $89,355

Median earnings of all students 4 years after graduating.

Debt to earnings 0.7

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $65,111

The total debt accrued by the median student at the time of graduation.

#19 in Economics

George Washington University

Washington, District of Columbia

Economic score 0.74

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $71,507

Median earnings of all students 4 years after graduating.

Debt to earnings 0.7

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $47,369

The total debt accrued by the median student at the time of graduation.

#20 in Economics

Southern New Hampshire University

Manchester, New Hampshire

Economic score 1.79

The Economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

Earnings $44,384

Median earnings of all students 4 years after graduating.

Debt to earnings 0.8

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

Debt $36,304

The total debt accrued by the median student at the time of graduation.

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How long does it take to pay down debt in economics?

Years

Under a year

The average debt accrued from a master's degree in economics is covered by average graduate earnings in under a year.

How much do graduates with a master's degree in economics earn?

Salary

$79,733

The median master's degree in economics graduate earns $79,733 4 years after graduating.

How much does a master's degree in economics cost?

Net cost

$22,411

The average annual cost of a master's degree in economics is $22,411. This is the net cost and considers only students that have received Title IV funds.

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