Best Economics Schools in Minnesota

Minnesota has 14 colleges offering Economics programs tracked by the College Scorecard, producing 622 recent graduates. Graduates earn $48,744 on average within two years, roughly in line with the national average of $48,383.

School choice matters significantly: Gustavus Adolphus College graduates earn $52,107 while University of Minnesota-Morris graduates earn $35,594 — a $16,513 gap. Research each program's curriculum, employer connections, and career services before deciding.

Schools in MN

$48,744

MN Avg. Earnings

$48,383

National Avg.

449

Schools Nationally

Public vs Private: Economics in Minnesota

Public Schools (6)

$44,034

avg. 2yr earnings

Private Schools (8)

$52,781

avg. 2yr earnings

Private schools produce $8,747 more in early earnings on average, but typically cost more. Compare net price to determine which offers better ROI.

Economics Schools in Minnesota, Ranked by Earnings

Gustavus Adolphus College

Saint Peter, MN · Private

$52,107

2yr Earnings

1yr Earnings: $53,254

Graduates: 41

Acceptance: 61.8%

Augsburg University

Minneapolis, MN · Private

$45,696

2yr Earnings

1yr Earnings: $46,378

Graduates: 31

Acceptance: 76.5%

St Catherine University

Saint Paul, MN · Private

$50,856

2yr Earnings

1yr Earnings: $53,731

Graduates: 24

Acceptance: 94.1%

Carleton College

Northfield, MN · Private

N/A

2yr Earnings

1yr Earnings: $60,032

Graduates: 23

Acceptance: 22.3%

Macalester College

Saint Paul, MN · Private

$64,493

2yr Earnings

1yr Earnings: $47,163

Graduates: 46

Acceptance: 28.2%

St Olaf College

Northfield, MN · Private

$52,107

2yr Earnings

1yr Earnings: $56,177

Graduates: 72

Acceptance: 52.1%

University of Minnesota-Twin Cities

Minneapolis, MN · Public

$52,584

2yr Earnings

1yr Earnings: $50,320

Graduates: 270

Acceptance: 77.0%

Minnesota State University-Mankato

Mankato, MN · Public

$51,106

2yr Earnings

1yr Earnings: $45,852

Graduates: 33

Acceptance: 91.3%

Saint Johns University

Collegeville, MN · Private

$55,151

2yr Earnings

1yr Earnings: $46,199

Graduates: 40

Acceptance: 90.5%

#10

University of Minnesota-Duluth

Duluth, MN · Public

$47,260

2yr Earnings

1yr Earnings: $40,598

Graduates: 42

Acceptance: 81.8%

#11

Hamline University

Saint Paul, MN · Private

Saint Cloud State University

Saint Cloud, MN · Public

Winona State University

Winona, MN · Public

University of Minnesota-Morris

Morris, MN · Public

$35,594

2yr Earnings

Acceptance: 70.5%

Frequently Asked Questions

What is the best school for Economics in Minnesota?

Gustavus Adolphus College ranks #1 for Economics in Minnesota with median graduate earnings of $52,107 within two years of graduation. There are 14 schools offering Economics programs in the state.

How much do Economics graduates earn in Minnesota?

Economics graduates in Minnesota earn an average of $48,744 within two years of graduation. This is 1% above the national average of $48,383 for this major.

What is the hardest Economics school to get into in Minnesota?

Carleton College is the most selective Economics program in Minnesota with an acceptance rate of 22.3%. The average acceptance rate across Economics programs in the state is 71.4%.

Should I attend a public or private school for Economics in Minnesota?

In Minnesota, private Economics programs produce average earnings of $52,781 vs $44,034 at public schools. However, public schools typically cost less — consider net price relative to earnings when calculating ROI. There are 6 public and 8 private options in the state.

Other Popular Majors in Minnesota

Computer Engineering $69,422 Industrial Engineering $67,846 Electrical, Electronics and Communications Engineering $67,815 Computer Systems Analysis $67,481 Construction Management $66,548 Manufacturing Engineering $66,524 Chemical Engineering $66,094 Computer Science $65,784

All colleges in Minnesota →

Economics in Other States

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Source: U.S. Department of Education College Scorecard, field-of-study file last updated June 2026. Institution-level figures elsewhere on the site come from the June 2026 release.