Economics at University of Illinois Chicago

Chicago, IL · Public · Bachelor's Degree
60 /100
DegreeOutlook Score (Base Case) — assumes in-state tuition
60
Optimistic
60
Base Case
62
Pessimistic
Earnings $37,767/yr (-30% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 13.2x earnings multiple (6.5x out-of-state)
Ranked #256 of 351 Economics programs

Program Analysis

The financial outlook for UIC Economics might initially seem surprising, but it reflects how graduates often integrate into the dynamic Chicago labor market. Many students, often local, pursue diverse career paths within the region, frequently finding roles in local government, non-profits, or broader business analytics, where initial salaries can be more modest than in high-finance or specialized tech. While the program offers a solid theoretical foundation, it may require you to proactively build the highly specialized quantitative and programming skills often demanded by the highest-paying data science or pure economics roles. Consequently, many graduates build experience in broader analytical or managerial positions before seeing substantial salary growth. To maximize your earning potential, actively seek out internships early in highly quantitative roles and consider a minor or strong coursework in data science, finance, or business analytics to complement your economics degree.

How AI Changes the Outlook

Three scenarios based on how aggressively AI disrupts the career paths available to Economics graduates.

Optimistic
No Disruption
Base Case
Gradual AI
Pessimistic
Aggressive AI
10-Year Earnings $789K $759K $648K
Earnings Multiple (In-State) 13.8x 13.2x 11.3x
Earnings Multiple (Out-of-State) 6.7x 6.5x 5.5x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 60 60 62

10-Year Earnings Projection

*Year 1 uses actual reported earnings. Scenarios diverge as AI impact compounds over time.

4-Year Tuition, In-State (Sticker)
$57,352
Out-of-state: $117,440 (6.5x ROI)
4-Year Net Price (After Aid)
$49,252
14% less than sticker · See by income
Median Debt at Graduation
$17,500
5.6 months of Year 1 earnings
Reported Earnings (5 Year)
$75,992
101% growth from Year 1

About University of Illinois Chicago

A 78% acceptance rate means University of Illinois Chicago is accessible to most applicants, with 21,814 students enrolled in Chicago, IL. With 50% of students on Pell Grants, the campus draws from a broad economic spectrum.

See all programs and financial aid at University of Illinois Chicago →

Top Career Paths

Managers, all other $136,550/yr
Economics teachers, postsecondary $119,980/yr
Economists $115,440/yr
View all 9 career paths with salary ranges and AI risk →

Compare & Explore

Economics at Other Schools

Other Majors at University of Illinois Chicago

Is a Trade Program a Better Fit?

For students who prefer applied learning, trade programs can deliver strong earnings with significantly less debt and shorter time to employment.

Frequently Asked Questions

How does University of Illinois Chicago's Economics program score?
A score of 60/100 reflects decent absolute metrics, but University of Illinois Chicago trails the majority of Economics programs on relative rankings. Context matters more than the raw number.
How vulnerable is Economics to AI automation?
AI won't 'replace' Economics careers outright, but it is likely to reduce the number of job openings. We model 56% task exposure, which compresses field employment probability in our scenarios.
Why are Economics earnings lower at University of Illinois Chicago?
Lower starting pay at University of Illinois Chicago may reflect local labor market conditions rather than program quality. Many graduates see convergence with national averages within 3-5 years.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →