2018 Best Schools for a Master's in Economics

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Economics-Top Graduate Schools-2018-Badge

These 10 master's in economics programs were the favorites this year based on students and alumni ratings. We have three Ivy League colleges in the top five, with Harvard reaching the #1 spot, followed closely by Brown and Cornell. The University of Minnesota and the University of Washington also made it into the top five and are affordable options with annual in-state tuitions of $17,289 and $16,278, respectively. The University of Wisconsin - Madison is also reasonably priced at $11,870 and the University of Virginia costs $17,094.

In their evaluation, one student at The New School commented on the intimacy of the economics program, writing, "The Faculty (as well as the more advanced students) are incredibly accessible, which makes for stimulating discussions and an inspiring learning environment. I've never before experienced such a tight knit academic community as I have at the Economics department of The New School." Another student echoed these sentiments, saying, "It is one of the most open-minded economics departments with regards to schools of thought, and students learn about a variety of thinkers. There is inter-disciplinary contact between departments, and students are encouraged to tackle real-world problems rather than simply build neat models." If you want to read more student and alumni reviews click on the schools below.

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Rank College Campus Location 2018 Student Score
#1 #1 Harvard University Campus Location Cambridge (MA) 2018 Student Score 91.29
#2 #2 University of Minnesota-Twin Cities Campus Location Minneapolis (MN) 2018 Student Score 91.25
#3 #3 Brown University Campus Location Providence (RI) 2018 Student Score 90.11
#4 #4 Cornell University Campus Location Ithaca (NY) 2018 Student Score 85.23
#5 #5 University of Washington - Seattle Campus Location Seattle (WA) 2018 Student Score 85.00
#6 #6 The New School Campus Location New York (NY) 2018 Student Score 83.15
#7 #7 University of Virginia - Main Campus Campus Location Charlottesville (VA) 2018 Student Score 82.67
#8 #8 Columbia University in the City of New York Campus Location New York (NY) 2018 Student Score 82.26
#9 #9 University of Wisconsin - Madison Campus Location Madison (WI) 2018 Student Score 81.67
#10 #10 University of Illinois Urbana - Champaign Campus Location Champaign (IL) 2018 Student Score 80.00


Our goal in presenting this school data is to create a standardized and trustworthy method to assess institutions based on reliable statistics. In order for a school to be eligible to be featured on a 2018 Top Programs List, at least five students from that particular degree program must have submitted feedback on their institution. Graduate Programs only considers regionally or nationally accredited, non-profit institutions for our rankings. Aggregated student rating values were multiplied by 20 to create a Student Score out of 100; in the event of a tie, schools were awarded the same rank value.

Together with our internal recommend rate data, which is calculated based on tens of thousands of student reviews submitted to our site, the data used in the school listings were gathered in 2016-2017 from the National Center for Education Statistics (NCES). This site is the primary governmental entity for gathering and presenting data related to education. NCES data is updated annually. However, in many cases the most recently available data will not be for the current academic year. Additionally, tuition rates may vary by program, so prospective students should contact a representative from their institution of choice for more details.

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This indicates that a school has an annual tuition of $15,000 or less as reported to the National Center for Education Statistics or based on the school's website.