Best Value Colleges For Economics Majors

Studying economics can really pay off.  Read More

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1University of Pennsylvania(Private)
20 Year Net ROI$950,000
Total 4 Year Cost$243,000
Grad Rate96%
Time to Graduate4 Years
Loan Amt$25,400
2University of Maryland - College Park(In-State)
20 Year Net ROI$900,000
Total 4 Year Cost$94,100
Grad Rate85%
Time to Graduate4 Years
Loan Amt$31,200
3University of California - Berkeley(In-State)
20 Year Net ROI$891,000
Total 4 Year Cost$133,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$23,300
4SUNY - Binghamton University(In-State)
20 Year Net ROI$864,000
Total 4 Year Cost$89,600
Grad Rate81%
Time to Graduate4 Years
Loan Amt$27,800
5 (tie)SUNY - Binghamton University(Out-of-State)
20 Year Net ROI$825,000
Total 4 Year Cost$129,000
Grad Rate81%
Time to Graduate4 Years
Loan Amt$27,800
5 (tie)University of Maryland - College Park(Out-of-State)
20 Year Net ROI$825,000
Total 4 Year Cost$169,000
Grad Rate85%
Time to Graduate4 Years
Loan Amt$31,200
7Rutgers University - New Brunswick Campus(In-State)
20 Year Net ROI$808,000
Total 4 Year Cost$116,000
Grad Rate81%
Time to Graduate4 Years
Loan Amt$30,100
8University of California - Berkeley(Out-of-State)
20 Year Net ROI$799,000
Total 4 Year Cost$225,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$23,300
9University of California - San Diego (UCSD)(In-State)
20 Year Net ROI$774,000
Total 4 Year Cost$121,000
Grad Rate86%
Time to Graduate4 Years
Loan Amt$22,600
10University of Michigan - Ann Arbor(In-State)
20 Year Net ROI$760,000
Total 4 Year Cost$104,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$24,700
11Rutgers University - New Brunswick Campus(Out-of-State)
20 Year Net ROI$753,000
Total 4 Year Cost$171,000
Grad Rate81%
Time to Graduate4 Years
Loan Amt$30,100
12University of Virginia (UVA) - Main Campus(In-State)
20 Year Net ROI$722,000
Total 4 Year Cost$102,000
Grad Rate94%
Time to Graduate4 Years
Loan Amt$29,300
13University of California - Los Angeles (UCLA)(In-State)
20 Year Net ROI$685,000
Total 4 Year Cost$129,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$25,000
14University of California - San Diego (UCSD)(Out-of-State)
20 Year Net ROI$683,000
Total 4 Year Cost$213,000
Grad Rate86%
Time to Graduate4 Years
Loan Amt$22,600
15University of California - Santa Barbara (UCSB)(In-State)
20 Year Net ROI$681,000
Total 4 Year Cost$133,000
Grad Rate81%
Time to Graduate4 Years
Loan Amt$24,800

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

*zing!* Students who major in economics learn the analytical, quantitative, writing, and thinking skills that are needed in the business world. If you major in economics, you're likely to see big returns on your investment, provided they've done the research to choose a school that pays you back.

Economics is usually grouped within the social science family, but it's becoming an increasingly popular major, since it forces students to learn a variety of valuable skills, like statistics, critical thinking, finance and more. If you use PayScale's College ROI Report, you'll find that there are many colleges where an economics degrees leads to a high return on investment. This list can help you find the best value colleges for economics majors.

First place is awarded to the University of Pennsylvania (often referred to as "Penn") with an estimated $950,000 20-year net return on investment and 8.5 percent net annualized return for economics graduates. If students receive the typical financial aid package given out by Penn, the 20-year net ROI shoots to over one million dollars. This Ivy League school is revered as one of the top research academies in the nation and his home to The Wharton School of Business, the most famous business school in the nation, so it should come as no surprise that it takes the cake for rewarding its economics alumni with a hefty return on investment for their educational dollars.

Penn is a private school, and an expensive one at that, but the rest of the best value schools for economics majors on our list are public colleges and universities. (Leave it to economics majors to find a good value, right?) The University of Maryland at College Park ranks number two on our list of best schools for economics majors in terms of college ROI. Located just four miles from Washington, D.C., it's no surprise that econ majors find career success - they are in a prime location for amazing internships. Based on the alumni salaries of econ majors, the 20-year net return on investment for a degree at UMD is $900,000.

Economics majors at The University of California, Berkeley can expect ROIs that rank third-highest in the country. In-state students report a median ROI of $891,000 (or $957,000 if students receive financial aid). Even out-of-state Cal students see an excellent return on investment despite much higher tuition.

SUNY Binghamton comes in at number four, followed by America's eighth-oldest university and "The Birthplace of College Football," New Jersey's Rutgers University. Scarlet Knights who pursue an education in economics are looking at a net ROI of over $800,000 based on their expected earnings over a 20-year period.

Looking at the numbers from the College ROI Report, economics majors can surely count on a decent return on their educational dollars, especially from these top-tier schools. Consider a higher education in economics because the career opportunities are nearly limitless and are in high demand, plus you'll get your money's worth.