Economics at Wayne State University

Detroit, MI · Public · Bachelor's Degree
66 /100
DegreeOutlook Score (Base Case) — assumes in-state tuition
68
Optimistic
66
Base Case
63
Pessimistic
Earnings $50,648/yr (-6% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 10.7x earnings multiple (5.0x out-of-state)
Ranked #182 of 351 Economics programs

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 $626K $612K $548K
Earnings Multiple (In-State) 10.9x 10.7x 9.6x
Earnings Multiple (Out-of-State) 5.1x 5.0x 4.5x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 68 66 63

10-Year Earnings Projection

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

4-Year Tuition, In-State (Sticker)
$57,188
Out-of-state: $121,676 (5.0x ROI)
4-Year Net Price (After Aid)
$59,092
-3% less than sticker · See by income
Median Debt at Graduation
$19,374
4.6 months of Year 1 earnings
Reported Earnings (5 Year)
$65,866
30% growth from Year 1

Program Analysis

Graduates earn $50,648/yr, roughly in line with the $53,966 national median for Economics. The value proposition here depends on cost, not earnings.

With a 10.7x return on in-state tuition over ten years, the financial case for this program is compelling by virtually any measure.

The 12% difference between AI scenarios reflects partial automation exposure. Some Economics career paths face displacement, but others in the field are more insulated.

With first-year pay of $50,648 far exceeding the $19,374 median debt, the payback timeline is measured in months, not years.

A #182 ranking among 351 Economics programs places Wayne State University in the lower half. Price, proximity, and personal fit become the stronger arguments.

A 30% earnings increase from $50,648 to $65,866 over five years is solid — not a moonshot, but evidence of normal career advancement.

About Wayne State University

Wayne State University accepts 82% of applicants — an open-access institution by design, serving 15,676 students in Detroit, MI. With 43% of students on Pell Grants, the campus draws from a broad economic spectrum.

See all programs and financial aid at Wayne State University →

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 Wayne State University

Explore the Trade Alternative

Not every career requires a four-year degree. Trade programs in related fields can offer competitive salaries with a fraction of the student loan burden.

Frequently Asked Questions

What does a 66/100 DegreeOutlook Score mean for Economics at Wayne State University?
At 66/100, the score looks reasonable — but Economics is a high-scoring field overall. Compared to peers, this program's earnings and ROI fall below the median.
Should I worry about AI if I study Economics at Wayne State 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.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →