Econometrics and Quantitative Economics: Program Overview, Universities, Careers & Salaries
Program Overview
Econometrics and Quantitative Economics is a rigorous academic discipline that applies advanced mathematical and statistical methods to analyze economic data, test economic theories, and inform policy and business decisions. This program equips students with the analytical tools needed to model complex economic systems, evaluate real-world outcomes, and predict future trends with precision.
- Economic statistics: The collection, analysis, and interpretation of economic data to identify patterns, measure performance, and support evidence-based conclusions.
- Optimization theory: The mathematical approach to determining the best possible outcomes under given constraints, often used in resource allocation and decision-making processes.
- Cost/benefit analysis: A systematic method for evaluating the strengths and weaknesses of various economic choices by comparing associated costs and benefits.
- Price theory: The study of how prices are determined in markets through the interaction of supply and demand, and how they influence behavior and efficiency.
- Economic modeling: The development of formal representations of economic processes to simulate scenarios, test hypotheses, and understand causal relationships.
- Economic forecasting and evaluation: The use of quantitative techniques to predict future economic conditions and assess the impact of policies, programs, or market changes.
Econometrics and Quantitative Economics Graduate Trends (2010-2024)
Econometrics and Quantitative Economics Career Pathways & Salary Outlook
The following table presents salary data for occupations typically aligned with Econometrics and Quantitative Economics degrees, including Managers, All Other, Economics Teachers, Postsecondary and Economists. These career paths represent common employment outcomes but are not guaranteed for all graduates. Salary ranges vary by location, employer, experience level, and specific role requirements. Nationally, these occupations employ approximately 955,460 professionals.
National Average Salaries
| Occupation | Median Salary | Salary Range | Total Employment | Hourly Rate |
|---|---|---|---|---|
| Managers, All Other 11-9199 | $136,550 | $68,860 - $227,590 | 630,980 | $65.65 |
| Economics Teachers, Postsecondary 25-1063 | $119,980 | $57,550 - $217,160 | 12,420 | N/A |
| Economists 19-3011 | $115,440 | $62,340 - $212,710 | 15,880 | $55.50 |
| Data Scientists 15-2051 | $112,590 | $63,650 - $194,410 | 233,440 | $54.13 |
| Statisticians 15-2041 | $103,300 | $60,390 - $170,700 | 29,800 | $49.66 |
| Social Science Research Assistants 19-4061 | $58,040 | $36,410 - $100,620 | 32,940 | $27.90 |
Econometrics and Quantitative Economics Salary Map by State
Geographic location significantly impacts earning potential for these careers. Average salaries range from $77,150 in Louisiana to $133,928 in District of Columbia—a 74% difference. The highest-paying states include District of Columbia, Delaware, and New York. Nationwide, these occupations employ over 955,460 professionals across all states. Explore the interactive map below to compare regional compensation and identify optimal markets for your career goals.
Average Salary Range:
Top Universities for Econometrics and Quantitative Economics by Graduate Enrollment
Below are the top 100 institutions offering Econometrics and Quantitative Economics programs for the 2023-2024 academic year (the most recent data reported as of 2025), ranked by the number of graduates. The highest graduate enrollment in Econometrics and Quantitative Economics is found at University of California (UCLA), Los Angeles (935 graduates), University of Chicago (UChicago) (793 graduates), New York University (NYU) (753 graduates), University of California (UCSB), Santa Barbara (729 graduates), and University of California (UCB), Berkeley (707 graduates). Combined, these colleges produced 19,806 graduates across all degree levels. Program availability varies by award level, including Associate, Bachelor's, Master's, and Doctoral degrees at participating universities and schools.
| College Name | Award Levels | Graduates | Location | Control | Website |
|---|---|---|---|---|---|
| University of California (UCLA) |
Bachelor's
Master's
Doctorate (Research)
|
935 | Los Angeles, California | Public | ucla.edu |
| University of Chicago (UChicago) |
Bachelor's
Master's
Doctorate (Research)
|
793 | Chicago, Illinois | Private | uchicago.edu |
| New York University (NYU) |
Bachelor's
Master's
Doctorate (Research)
|
753 | New York, New York | Private | nyu.edu |
| University of California (UCSB) |
Bachelor's
Master's
Doctorate (Research)
|
729 | Santa Barbara, California | Public | ucsb.edu |
| University of California (UCB) |
Bachelor's
Master's
Doctorate (Research)
|
707 | Berkeley, California | Public | berkeley.edu |
| Johns Hopkins University (JHU) |
Bachelor's
Master's
Doctorate (Research)
|
644 | Baltimore, Maryland | Private | jhu.edu |
| University of California (UCD) |
Bachelor's
Master's
Doctorate (Research)
|
487 | Davis, California | Public | ucdavis.edu |
| Columbia University in the City of New York |
Bachelor's
Master's
Post-Master's
Doctorate (Research)
|
458 | New York, New York | Private | columbia.edu |
| Boston College (BC) |
Bachelor's
Master's
Doctorate (Research)
|
451 | Chestnut Hill, Massachusetts | Private | bc.edu |
| Harvard University |
Bachelor's
Master's
Doctorate (Research)
|
423 | Cambridge, Massachusetts | Private | harvard.edu |
| Northwestern University |
Bachelor's
Master's
Doctorate (Research)
|
401 | Evanston, Illinois | Private | northwestern.edu |
| University of Virginia (UVA) |
Bachelor's
Master's
Doctorate (Research)
|
399 | Charlottesville, Virginia | Public | virginia.edu |
| University of Southern California (USC) |
Bachelor's
Master's
Doctorate (Research)
|
363 | Los Angeles, California | Private | usc.edu |
| Pennsylvania State University |
Bachelor's
Master's
Doctorate (Research)
|
362 | University Park, Pennsylvania | Public | psu.edu |
| University of Maryland (UMCP) |
Bachelor's
Master's
Doctorate (Research)
|
359 | College Park, Maryland | Public | umd.edu |
| Utah State University (USU) |
Bachelor's
Master's
Doctorate (Research)
|
324 | Logan, Utah | Public | usu.edu |
| University of California (UCR) |
Bachelor's
Master's
Doctorate (Research)
|
323 | Riverside, California | Public | ucr.edu |
| Vanderbilt University (VU) |
Bachelor's
Master's
Doctorate (Research)
|
316 | Nashville, Tennessee | Private | vanderbilt.edu |
| Yale University |
Bachelor's
Master's
Doctorate (Research)
|
295 | New Haven, Connecticut | Private | yale.edu |
| University of California (UCSD) |
Bachelor's
Master's
Doctorate (Research)
|
290 | La Jolla, California | Public | ucsd.edu |
| University of Notre Dame (ND) |
Bachelor's
Master's
Doctorate (Research)
|
289 | Notre Dame, Indiana | Private | nd.edu |
| University of Washington (UW) |
Bachelor's
Master's
Doctorate (Research)
|
272 | Seattle, Washington | Public | washington.edu |
| Brown University |
Bachelor's
Master's
Doctorate (Research)
|
264 | Providence, Rhode Island | Private | brown.edu |
| University of Pennsylvania (Penn) |
Bachelor's
Master's
Doctorate (Research)
|
261 | Philadelphia, Pennsylvania | Private | upenn.edu |
| Duke University |
Bachelor's
Master's
Doctorate (Research)
|
253 | Durham, North Carolina | Private | duke.edu |
| Northeastern University (NU) |
Bachelor's
Master's
Doctorate (Research)
|
247 | Boston, Massachusetts | Private | northeastern.edu |
| Cornell University |
Bachelor's
Master's
Doctorate (Research)
|
247 | Ithaca, New York | Private | cornell.edu |
| Florida State University (FSU) |
Bachelor's
Master's
Doctorate (Research)
|
239 | Tallahassee, Florida | Public | fsu.edu |
| Georgetown University (GU) |
Bachelor's
Master's
Doctorate (Research)
|
235 | Washington, District of Columbia | Private | georgetown.edu |
| Ohio State University |
Bachelor's
Master's
Doctorate (Research)
|
231 | Columbus, Ohio | Public | osu.edu |
| University of Utah (U of U) |
Bachelor's
Master's
Doctorate (Research)
|
219 | Salt Lake City, Utah | Public | utah.edu |
| University at Albany (UAlbany) |
Bachelor's
Master's
Post-Master's
Doctorate (Research)
|
212 | Albany, New York | Public | albany.edu |
| Tufts University |
Bachelor's
Master's
Doctorate (Research)
|
209 | Medford, Massachusetts | Private | tufts.edu |
| University of Pittsburgh |
Bachelor's
Master's
Doctorate (Research)
|
201 | Pittsburgh, Pennsylvania | Public | pitt.edu |
| Dartmouth College |
Bachelor's
|
196 | Hanover, New Hampshire | Private | dartmouth.edu |
| Purdue University (PU) |
Bachelor's
Postbac Cert.
Master's
Doctorate (Research)
|
192 | West Lafayette, Indiana | Public | purdue.edu |
| University of Illinois Urbana-Champaign (UIUC) |
Bachelor's
Master's
Doctorate (Research)
|
187 | Champaign, Illinois | Public | illinois.edu |
| University of Wisconsin-Madison |
Master's
Doctorate (Research)
|
177 | Madison, Wisconsin | Public | wisc.edu |
| Princeton University |
Bachelor's
Master's
Doctorate (Research)
|
164 | Princeton, New Jersey | Private | princeton.edu |
| University of Oregon (UO) |
Bachelor's
Master's
Doctorate (Research)
|
160 | Eugene, Oregon | Public | uoregon.edu |
| Stanford University |
Bachelor's
Master's
Doctorate (Research)
|
156 | Stanford, California | Private | stanford.edu |
| Brandeis University |
Bachelor's
Master's
Doctorate (Research)
|
151 | Waltham, Massachusetts | Private | brandeis.edu |
| Fordham University |
Bachelor's
Postbac Cert.
Master's
Doctorate (Research)
|
151 | Bronx, New York | Private | fordham.edu |
| Washington University in St Louis (WashU) |
Bachelor's
Master's
Doctorate (Research)
|
144 | Saint Louis, Missouri | Private | wustl.edu |
| Emory University |
Bachelor's
Master's
Doctorate (Research)
|
142 | Atlanta, Georgia | Private | emory.edu |
| University of North Carolina at Chapel Hill |
Bachelor's
Master's
Doctorate (Research)
|
141 | Chapel Hill, North Carolina | Public | unc.edu |
| University of Colorado Denver/Anschutz Medical Campus |
Bachelor's
Master's
Doctorate (Research)
|
135 | Denver, Colorado | Public | ucdenver.edu |
| University of Minnesota (UMN) |
Bachelor's
Master's
Doctorate (Research)
|
135 | Minneapolis, Minnesota | Public | twin-cities.umn.edu |
| Arizona State University Campus Immersion (ASU) |
Bachelor's
Master's
Doctorate (Research)
|
134 | Tempe, Arizona | Public | asu.edu |
| University of Massachusetts |
Bachelor's
Master's
Doctorate (Research)
|
133 | Amherst, Massachusetts | Public | umass.edu |
| Wesleyan University |
Bachelor's
|
125 | Middletown, Connecticut | Private | wesleyan.edu |
| Middlebury College |
Bachelor's
|
124 | Middlebury, Vermont | Private | middlebury.edu |
| Boston University (BU) |
Master's
Doctorate (Research)
|
121 | Boston, Massachusetts | Private | bu.edu |
| Claremont McKenna College (CMC) |
Bachelor's
|
120 | Claremont, California | Private | cmc.edu |
| The University of Texas |
Bachelor's
Master's
Doctorate (Research)
|
115 | Austin, Texas | Public | utexas.edu |
| Colgate University |
Bachelor's
|
113 | Hamilton, New York | Private | colgate.edu |
| Colorado State University (CSU) |
Bachelor's
Master's
Doctorate (Research)
|
112 | Fort Collins, Colorado | Public | colostate.edu |
| Texas A & M University |
Master's
Doctorate (Research)
|
109 | College Station, Texas | Public | tamu.edu |
| Colby College |
Bachelor's
|
107 | Waterville, Maine | Private | colby.edu |
| Lafayette College |
Bachelor's
|
101 | Easton, Pennsylvania | Private | lafayette.edu |
| United States Naval Academy (USNA) |
Bachelor's
|
100 | Annapolis, Maryland | Public | usna.edu |
| Williams College |
Bachelor's
|
100 | Williamstown, Massachusetts | Private | williams.edu |
| Hamilton College |
Bachelor's
|
99 | Clinton, New York | Private | hamilton.edu |
| Villanova University |
Bachelor's
|
99 | Villanova, Pennsylvania | Private | villanova.edu |
| Barnard College |
Bachelor's
|
93 | New York, New York | Private | barnard.edu |
| George Washington University (GW) |
Bachelor's
Master's
Doctorate (Research)
|
89 | Washington, District of Columbia | Private | gwu.edu |
| University of Rochester |
Bachelor's
Master's
Doctorate (Research)
|
89 | Rochester, New York | Private | rochester.edu |
| Davidson College |
Bachelor's
|
89 | Davidson, North Carolina | Private | davidson.edu |
| University of Connecticut (UConn) |
Bachelor's
Master's
Doctorate (Research)
|
88 | Storrs, Connecticut | Public | uconn.edu |
| Amherst College |
Bachelor's
|
88 | Amherst, Massachusetts | Private | amherst.edu |
| University of California (UCI) |
Bachelor's
Master's
Doctorate (Research)
|
86 | Irvine, California | Public | uci.edu |
| Baylor University |
Bachelor's
Master's
|
86 | Waco, Texas | Private | baylor.edu |
| Syracuse University |
Bachelor's
Master's
Doctorate (Research)
|
85 | Syracuse, New York | Private | syracuse.edu |
| Tulane University of Louisiana |
Bachelor's
Master's
Doctorate (Research)
|
84 | New Orleans, Louisiana | Private | tulane.edu |
| Wellesley College |
Bachelor's
|
79 | Wellesley, Massachusetts | Private | wellesley.edu |
| Arizona State University |
Bachelor's
|
79 | Scottsdale, Arizona | Public | asu.edu |
| Michigan State University (MSU) |
Bachelor's
Master's
Doctorate (Research)
|
77 | East Lansing, Michigan | Public | msu.edu |
| Northeastern University Professional Programs |
Master's
|
77 | Boston, Massachusetts | Private | northeastern.edu |
| Denison University (DU) |
Bachelor's
|
76 | Granville, Ohio | Private | denison.edu |
| Bowdoin College |
Bachelor's
|
75 | Brunswick, Maine | Private | bowdoin.edu |
| Union College |
Bachelor's
|
75 | Schenectady, New York | Private | union.edu |
| Washington State University (WSU) |
Bachelor's
Master's
Doctorate (Research)
|
73 | Pullman, Washington | Public | wsu.edu |
| University of San Francisco (USF) |
Bachelor's
Master's
|
72 | San Francisco, California | Private | usfca.edu |
| Bates College |
Bachelor's
|
71 | Lewiston, Maine | Private | bates.edu |
| University of Nebraska (UNL) |
Bachelor's
Master's
Doctorate (Research)
|
71 | Lincoln, Nebraska | Public | unl.edu |
| Georgia Institute of Technology (Georgia Tech) |
Bachelor's
Master's
Doctorate (Research)
|
70 | Atlanta, Georgia | Public | gatech.edu |
| Loyola Marymount University (LMU) |
Bachelor's
|
68 | Los Angeles, California | Private | lmu.edu |
| University of Oklahoma (OU) |
Bachelor's
Master's
Doctorate (Research)
|
67 | Norman, Oklahoma | Public | ou.edu |
| University of Richmond (UR) |
Bachelor's
|
65 | University of Richmond, Virginia | Private | richmond.edu |
| Gettysburg College |
Bachelor's
|
59 | Gettysburg, Pennsylvania | Private | gettysburg.edu |
| Pennsylvania State University |
Bachelor's
|
58 | University Park, Pennsylvania | Public | worldcampus.psu.edu |
| San Jose State University (SJSU) |
Bachelor's
Master's
|
57 | San Jose, California | Public | sjsu.edu |
| Macalester College |
Bachelor's
|
57 | Saint Paul, Minnesota | Private | macalester.edu |
| University of South Florida (USF) |
Bachelor's
|
56 | Tampa, Florida | Public | usf.edu |
| Pace University |
Bachelor's
Master's
|
55 | New York, New York | Private | pace.edu |
| Massachusetts Institute of Technology (MIT) |
Bachelor's
Master's
Doctorate (Research)
|
53 | Cambridge, Massachusetts | Private | web.mit.edu |
| Hobart William Smith Colleges (HWS) |
Bachelor's
|
52 | Geneva, New York | Private | hws.edu |
| Pomona College |
Bachelor's
|
51 | Claremont, California | Private | pomona.edu |
| Carnegie Mellon University (CMU) |
Bachelor's
Master's
|
51 | Pittsburgh, Pennsylvania | Private | cmu.edu |
| The University of the South |
Bachelor's
|
51 | Sewanee, Tennessee | Private | sewanee.edu |
Frequently Asked Questions
Find answers to the most common questions about Econometrics and Quantitative Economics programs
How much can I earn with a Econometrics and Quantitative Economics degree?
Salaries for Econometrics and Quantitative Economics graduates vary by role and location. Managers, All Other earn a median of $136,550 annually, while Economics Teachers, Postsecondary earn around $119,980. Geographic location significantly impacts earnings—professionals in District of Columbia average $133,928 compared to $77,150 in Louisiana. Approximately 955,460 professionals work in related occupations nationwide.
Salary data from U.S. Bureau of Labor Statistics OEWS program, May 2024. Earnings vary by experience, employer, and market conditions.
Which universities have the largest Econometrics and Quantitative Economics programs?
Currently 298 accredited institutions offer Econometrics and Quantitative Economics degrees across the U.S. Programs with the highest enrollment include University of California (UCLA), Los Angeles (935 graduates), University of Chicago (UChicago) (793 graduates), and New York University (NYU) (753 graduates).
Program size doesn't necessarily indicate quality—consider factors like faculty expertise, production opportunities, location, and available degree levels when choosing a school.
Data based on IPEDS program completions for 2023-2024 academic year. Numbers reflect programs where students graduated.
Is enrollment in Econometrics and Quantitative Economics growing or declining?
Graduate numbers have increased over the past decade, rising from 242 in 2010 to 22,727 in 2023-24. This represents a 9,291% increase overall from 2010.
The field remains specialized with steady interest, though opportunities are most concentrated in major metropolitan areas with active arts scenes like New York, California, and Illinois.
Graduate enrollment data from IPEDS, 2010-2024 academic years. Trends reflect reported completions at participating institutions.
What career paths are available with a Econometrics and Quantitative Economics degree?
This degree prepares you for roles such as Managers, All Other, Economics Teachers, Postsecondary, and Economists. Related occupations employ approximately 955,460 professionals nationwide.
Skills in project management, creative leadership, and collaboration also transfer to event planning, arts administration, marketing, and corporate training roles. Many professionals work freelance or on a project basis across theatre, film, and live events.
Career pathways mapped using CIP-SOC crosswalk from the National Center for Education Statistics. Employment data from BLS OEWS May 2024.
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