by our College Data Analytics TeamHere, you'll find out more about the major, including such details as the number of graduates, what degree levels are offered, ethnicity of students, average salaries, and more. Also, learn how UMass Amherst ranks among other schools offering degrees in economics.
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UMass Amherst was ranked #52 on College Factual's most recent list of the best schools for economics majors. This puts the bachelor's program at the school solidly in the top 15% of all colleges and universities in the country. It is also ranked #7 in Massachusetts.
During the 2020-2021 academic year, University of Massachusetts Amherst handed out 404 bachelor's degrees in economics. This is an increase of 30% over the previous year when 310 degrees were handed out.
In 2021, 22 students received their master’s degree in economics from UMass Amherst. This makes it the #57 most popular school for economics master’s degree candidates in the country.
In addition, 15 students received their doctoral degrees in economics in 2021, making the school the #29 most popular school in the United States for this category of students.
Economics majors who earn their bachelor's degree from UMass Amherst go on to jobs where they make a median salary of $49,510 a year. This is great news for graduates of the program, since this figure is higher than the national average of $45,868 for all economics bachelor's degree recipients.
While getting their bachelor's degree at UMass Amherst, economics students borrow a median amount of $26,000 in student loans. This is higher than the the typical median of $22,987 for all economics majors across the country.
The typical student loan payment of a bachelor's degree student from the economics program at UMass Amherst is $321 per month.
Learn about other programs related to Economics that might interest you.
Take a look at the following statistics related to the make-up of the economics majors at University of Massachusetts Amherst.
For the most recent academic year available, 72% of economics bachelor's degrees went to men and 28% went to women.
The majority of the students with this major are white. About 54% of 2021 graduates were in this category.
The following table and chart show the ethnic background for students who recently graduated from University of Massachusetts Amherst with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 52 |
| Black or African American | 19 |
| Hispanic or Latino | 23 |
| White | 217 |
| Non-Resident Aliens | 66 |
| Other Races | 27 |
For the most recent academic year available, 64% of economics master's degrees went to men and 36% went to women.
The following table and chart show the ethnic background for students who recently graduated from University of Massachusetts Amherst with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 2 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 7 |
| Non-Resident Aliens | 11 |
| Other Races | 1 |
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 215 |
| Sociology | 137 |
| Anthropology | 54 |
| Geography & Cartography | 39 |
| International Relations & National Security | 31 |
More about our data sources and methodologies.
