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Social Sciences · Economics Rank #31 of 351

Economicsat University of Chicago

Graduates earn $92,075/yr in their first year — about 71.0% above the national Economics average. Base-case 10-year earnings $1,278K; scenarios range from $1,002K to $1,367K depending on AI disruption.

Chicago, IL Private nonprofit Bachelor's Degree
DegreeOutlook Score
75 STRONG
77
Optimistic
71
Pessimistic
Earnings
$92,075
1-year post-graduation
ROI
4.9x
Earnings : tuition
10-yr Base
$1,278K
Cumulative base-case earnings
AI Risk
Very High
59% task exposure
Program Analysis

What this degree looks like at University of Chicago

Your University of Chicago Economics degree opens doors due to the program's rigorous analytical training and its global reputation in economic thought. This isn't just a theoretical program; its graduates are highly sought after in competitive fields like finance, management consulting, and advanced data analytics, often landing roles at top-tier firms in Chicago, New York, and beyond. The strong quantitative foundation you build is invaluable for understanding complex market dynamics and strategic decision-making across various industries, from investment banks to tech companies seeking sophisticated modeling expertise.

The noted AI risk reflects that many tasks involving data analysis, forecasting, and report generation are increasingly automated. However, for a UChicago graduate, this isn't a threat but an opportunity to lead. Focus on mastering advanced computational tools and applying economic theory to novel, unstructured problems. This blend will make your expertise indispensable, allowing you to innovate rather than be replaced.

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
$1,002K
10-year cumulative earnings
Scenario Score71/100
Earnings Multiple3.7x
Base Case
Moderate Integration
$1,278K
10-year cumulative earnings
Scenario Score75/100
Earnings Multiple4.8x
Optimistic
AI Augmentation
$1,367K
10-year cumulative earnings
Scenario Score77/100
Earnings Multiple5.1x
Earnings Trajectory

10 year projection

Year-by-year earnings under each scenario. Base case reflects BLS growth patterns applied to University of Chicago'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 University of Chicago 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 University of Chicago

Other top programs at University of Chicago

Other highest-scoring programs offered at University of Chicago, 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 University of Chicago

What is the DegreeOutlook Score for Economics at University of Chicago?

This program scores 75/100 — placing it among the stronger programs for Economics nationally. The score reflects above-average earnings, manageable AI risk, and solid financial return.

Will AI replace Economics careers?

With 56% of typical job tasks exposed to AI, this is one of the higher-risk fields. Our pessimistic scenario projects $1,002,249 in decade earnings vs $1,367,155 in the optimistic case — a meaningful gap.

Is University of Chicago a hidden gem for Economics?

After financial aid, the average student pays $75,868 over four years — 72% below the $267,756 sticker price. That gap makes the ROI significantly better than published tuition suggests.