U.S. median for this major: $79,489.
College Scorecard field of study; 391 graduates with earnings reported
Median for graduates who received federal aid.
College Scorecard field of study
About 18% of median earnings 4 years out. U.S. median $22,907.
College Scorecard field of study (federal loans)
Average after grants for all families receiving federal aid. Pick your income above.
Sticker price $34,654. College Scorecard.
University of Michigan-Ann Arbor Economics: pay against the field, and payback
Same major, other colleges
Median earnings 4 years after graduating; state and U.S. figures are the median of each covered college's graduates in this major. College Scorecard; calculated by EducationGuide.
Economics nationally: jobs, pay at ages 25-34, every state →
Cost to finish and years to pay back, by income
Uses University of Michigan-Ann Arbor's school-wide net price (no college reports it by major) and this major's graduate earnings.
| Family income | Net price / yr | Cost to finish | Years to pay back |
|---|---|---|---|
| $0–30k | $1,043 | $4,308 | under 1 year |
| $30–48k | $1,878 | $7,756 | under 1 year |
| $48–75k | $4,895 | $20,216 | under 1 year |
| $75–110k | $10,869 | $44,889 | under 1 year |
| $110k+ | $26,517 | $109,515 | 1.4 years |
Cost to finish = yearly price × 4.1 years, the average time graduates took (82% finished in 4 years; students who entered fall 2017, IPEDS). Years to pay back = cost to finish ÷ the earnings gain: median earnings of Economics graduates 4 years after graduating ($110,552) minus $33,411 for high school graduates ages 25-34 in MI (Census ACS 2020-2024), a gain of $77,141 a year. Before taxes, loan interest and earnings given up while in school. Method
College Scorecard; IPEDS Graduation Rates; U.S. Census Bureau ACS. Calculated by EducationGuide.
Economics at Michigan colleges
Every Michigan college we cover that reports Economics graduate earnings, highest first. Net price is the school-wide average after grants.
| Rank | College | Earnings, 4 yrs | Median debt | Avg. net price | Graduation |
|---|---|---|---|---|---|
| 1 | University of Michigan-Ann Arbor | $110,552 | $19,690 | $13,138 | 93% |
| 2 | Eastern Michigan University | $86,909 | $26,536 | $15,407 | 46% |
| 3 | Michigan State University | $79,428 | $24,250 | $19,680 | 81% |
| 4 | Kalamazoo College | $72,170 | $27,000 | $19,072 | 76% |
| 5 | Oakland University | $71,874 | — | $9,120 | 58% |
| 6 | University of Michigan-Dearborn | $69,884 | $28,381 | $9,492 | 58% |
| 7 | Albion College | $66,048 | $27,000 | $14,301 | 62% |
| 8 | Central Michigan University | $65,174 | $27,000 | $17,597 | 59% |
| 9 | Wayne State University | $63,972 | $24,681 | $12,766 | 58% |
| 10 | Northern Michigan University | $52,179 | — | $14,085 | 52% |
| 11 | Calvin University | $48,169 | $20,000 | $22,992 | 74% |
13 more Michigan colleges offer Economics but have too few graduates to report earnings.
Careers for Economics graduates
Secondary School Teachers, Except Special and Career/Technical Education
Median annual wage, all workers. U.S. jobs -0.2% by 2035. Typical entry: bachelor's degree.
Market Research Analysts and Marketing Specialists
Median annual wage, all workers. U.S. jobs +7.0% by 2035. Typical entry: bachelor's degree.
Data Scientists
Median annual wage, all workers. U.S. jobs +34.6% by 2035. Typical entry: bachelor's degree.
BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35. Careers from the federal major-to-occupation crosswalk.
What families pay at University of Michigan-Ann Arbor, by income
School-wide average after grants for students receiving federal aid. Tap your band.
College Scorecard
About University of Michigan-Ann Arbor
- Acceptance rate: 16% · admissions
- Graduation rate: 93% within 6 years
- Median earnings, all majors, 10 years after starting: $83,648
- Full cost breakdown · all 88 majors · overview
Related majors at University of Michigan-Ann Arbor
- Business Administration$144,654
- Human Resources$99,594
University of Michigan-Ann Arbor Economics questions
How much do University of Michigan-Ann Arbor Economics graduates earn?
Economics graduates of University of Michigan-Ann Arbor earn a median $110,552 four years after graduating and $68,416 one year after. The U.S. median for Economics graduates across 368 colleges is $79,489.
How much debt do University of Michigan-Ann Arbor Economics graduates have?
The median federal loan debt for Economics graduates of University of Michigan-Ann Arbor is $19,690, about 18% of their median earnings four years out. Nationally the median is $22,907.
Is University of Michigan-Ann Arbor a good school for Economics in Michigan?
On pay, Economics graduates of University of Michigan-Ann Arbor earn $110,552 four years out, $40,668 above the median for the same major across 11 Michigan colleges ($69,884) and $31,063 above the U.S. median ($79,489). Medians of each college's graduates; EducationGuide calculation from College Scorecard.
Where does University of Michigan-Ann Arbor rank for Economics in Michigan?
Of 11 Michigan colleges reporting Economics graduate earnings, University of Michigan-Ann Arbor ranks 1st, the highest.
What jobs do Economics graduates get?
A common career is secondary school teachers, except special and career/technical education, with a median wage of $63,780 in the Ann Arbor, MI area and $72,040 nationally. Others include market research analysts and marketing specialists and data scientists.
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Sources: U.S. Department of Education College Scorecard (field of study: median earnings and federal loan debt of graduates who received federal aid); BLS. How we score
Data: JSON · Markdown · all datasets
Cite this: “University of Michigan-Ann Arbor Economics: earnings, debt and careers,” EducationGuide.com, https://educationguide.com/colleges/university-of-michigan-ann-arbor/majors/economics (College Scorecard and BLS data).