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Social Sciences · Economics Rank #61 of 351

Economicsat Northwestern University

Graduates earn $84,932/yr in their first year — about 57.0% above the national Economics average. Base-case 10-year earnings $1,018K; scenarios range from $825K to $1,078K depending on AI disruption.

Evanston, IL Private nonprofit Bachelor's Degree
DegreeOutlook Score
73 STRONG
75
Optimistic
69
Pessimistic
Earnings
$84,932
1-year post-graduation
ROI
3.8x
Earnings : tuition
10-yr Base
$1,018K
Cumulative base-case earnings
AI Risk
Very High
59% task exposure
Program Analysis

What this degree looks like at Northwestern University

Your Northwestern Economics degree positions you exceptionally well, largely due to the program's rigorous analytical training and the university's unparalleled recruiting pipelines. Employers from top-tier consulting firms, investment banks, and leading tech companies actively seek out graduates, often leveraging the strong alumni network and dedicated career services. This intense demand, amplified by Evanston's proximity to Chicago's financial and business hubs, underpins the robust early career outcomes. While some roles in economics face high AI risk due to the automation of data analysis, your curriculum emphasizes critical thinking and advanced quantitative methods, preparing you to leverage these technologies rather than be replaced by them. To truly differentiate yourself, aggressively pursue internships applying economic theory to real-world data, and explore interdisciplinary studies in fields like data science or computer science to enhance your analytical toolkit.

AI Outlook Integration

Three scenarios, ten years out

Each scenario is a different assumption about how AI reshapes the career paths this major feeds into. Earnings projections stack the full 10-year cumulative trajectory; scores use the same 0–100 metric as the hero, recomputed under that scenario's assumptions.

Pessimistic
Mass Automation
$825K
10-year cumulative earnings
Scenario Score69/100
Earnings Multiple3.1x
Base Case
Moderate Integration
$1,018K
10-year cumulative earnings
Scenario Score73/100
Earnings Multiple3.9x
Optimistic
AI Augmentation
$1,078K
10-year cumulative earnings
Scenario Score75/100
Earnings Multiple4.1x
Earnings Trajectory

10 year projection

Year-by-year earnings under each scenario. Base case reflects BLS growth patterns applied to Northwestern University's starting earnings; optimistic and pessimistic adjust for AI's effect on each career path this major feeds into.

Career Paths

Where Economics graduates typically work

Common career destinations for this program's graduates, weighted by the school's specific occupation mix. Salary is BLS national median; AI risk is per-role task-exposure research.

1
Managers, all other
+4.5% 10-yr growth · 106,700 openings/yr
$136,550/yr
Moderate
2
Economics teachers, postsecondary
+2.1% 10-yr growth · 1,200 openings/yr
$119,980/yr
Moderate
3
Economists
+1.2% 10-yr growth · 900 openings/yr
$115,440/yr
High
4
Data scientists
+33.5% 10-yr growth · 23,400 openings/yr
$112,590/yr
High
5
Statisticians
+8.5% 10-yr growth · 2,000 openings/yr
$103,300/yr
High
6
Market research analysts and marketing specialists
+6.7% 10-yr growth · 87,200 openings/yr
$76,950/yr
High
Source: BLS Occupational Employment & Wage Statistics, May 2024. AI exposure from OpenAI GPTs-are-GPTs and Felten AIOE research.
Compare & Explore

Peer schools offering Economics

How Northwestern University stacks up against other schools offering this major.

Highest earnings
Harvard University
MA · Private nonprofit
77
DW Score
$104K
1-yr earn
5.8x
ROI
Princeton University
NJ · Private nonprofit
62
DW Score
$103K
1-yr earn
3.3x
ROI
Duke University
NC · Private nonprofit
76
DW Score
$99K
1-yr earn
5.5x
ROI
Stanford University
CA · Private nonprofit
76
DW Score
$98K
1-yr earn
4.9x
ROI
Dartmouth College
NH · Private nonprofit
76
DW Score
$95K
1-yr earn
4.8x
ROI
Also at Northwestern University

Other top programs at Northwestern University

Other highest-scoring programs offered at Northwestern University, ranked by DegreeOutlook Score.

Consider the trade route

Not sure a 4-year degree is the right path? Trade programs in Economics offer shorter timelines, lower debt, and strong AI resilience for hands-on careers.

Compare Economics trade programs on TradeSchoolOutlook →
FAQ

Frequently asked about Economics at Northwestern University

What does a 73/100 DegreeOutlook Score mean for Economics at Northwestern University?

At 73/100, this is a high-performing program. The DegreeOutlook Score combines earnings, AI resilience, and ROI — and this program delivers on all three.

Should I worry about AI if I study Economics at Northwestern University?

The 56% AI task exposure score is above average. Our model shows this affecting job availability more than salaries — graduates may face stiffer competition for fewer positions.

Is Northwestern University one of the best schools for Economics?

Among 351 Economics programs, Northwestern University's #61 position reflects consistently above-average results across earnings, ROI, and employment probability.

What do students actually pay for Economics at Northwestern University?

The 59% gap between sticker price and net cost means most students pay far less than $263,988. At a net cost of $108,572, the earnings multiple improves substantially.