University Headquarters (HQ) is an industry-leading, independent educational organization that provides independent college rankings using a proprietary formula to create first class unbiased rankings. The team at University HQ strives to provide accurate and trustworthy rankings that highlights the best programs for economics in Virginia.
What is Economics?
Virginia offers a wealth of opportunities for students pursuing an online or campus-based economics degree. Whether you're eyeing a career in public policy, consulting, or business, the state's top universities provide strong programs to help you reach your goals. Top institutions offer diverse programs designed to equip students with the analytical and interpretive skills needed in today's job market.
In Virginia, academic institutions emphasize teaching, research, and outreach at various levels. These schools offer a variety of degree options, including dual degree programs and specialized courses to suit different career paths.
When it comes to career outcomes, graduates from these programs often find lucrative positions in the financial services sector, public policy, and business organizations. Virginia's universities not only offer a solid education but also pave the way for successful career paths in a wide range of industries.
Students looking for the best economics colleges and universities for them will have plenty of options across the state and the country. These may include George Mason University, Virginia Tech, Washington and Lee University, Hampden-Sydney College, etc.
Featured Economics Programs
Top Ranked Campus & Online Economics Programs in Virginia
Washington and Lee University
Score: 90.5
- Undergraduate Tuition
- In-State: $64,525
- Out-of-State:$64,525
- Net Price: $24,733
- Acceptance Rate: 17%
- Retention Rate: 98%
- Graduation Rate: 95%
- Total Enrollment: 2,243
- Undergrad Students: 1,867
- Graduate Students: 376
- Grads Salary: $90,000
- Student-to-faculty: 7:1
University of Virginia
Score: 90.33
- Undergraduate Tuition
- In-State: $20,986
- Out-of-State:$58,014
- Net Price: $19,469
- Acceptance Rate: 19%
- Retention Rate: 97%
- Graduation Rate: 95%
- Total Enrollment: 26,082
- Undergrad Students: 17,444
- Graduate Students: 8,638
- Grads Salary: $84,000
- Student-to-faculty: 15:1
Virginia Military Institute
Score: 85.92
- Undergraduate Tuition
- In-State: $20,484
- Out-of-State:$51,186
- Net Price: $18,129
- Acceptance Rate: 71%
- Retention Rate: 82%
- Graduation Rate: 77%
- Total Enrollment: 1,512
- Undergrad Students: 1,512
- Graduate Students: N/A
- Grads Salary: $88,000
- Student-to-faculty: 10:1
Virginia Tech
Score: 84.08
- Undergraduate Tuition
- In-State: $15,478
- Out-of-State:$36,694
- Net Price: $19,301
- Acceptance Rate: 57%
- Retention Rate: 91%
- Graduation Rate: 86%
- Total Enrollment: 38,170
- Undergrad Students: 30,434
- Graduate Students: 7,736
- Grads Salary: $83,000
- Student-to-faculty: 17:1
William & Mary
Score: 80.93
- Undergraduate Tuition
- In-State: $25,040
- Out-of-State:$49,412
- Net Price: $25,688
- Acceptance Rate: 33%
- Retention Rate: 95%
- Graduation Rate: 91%
- Total Enrollment: 9,654
- Undergrad Students: 6,797
- Graduate Students: 2,857
- Grads Salary: $80,000
- Student-to-faculty: 12:1
James Madison University
Score: 78.83
- Undergraduate Tuition
- In-State: $13,576
- Out-of-State:$30,790
- Net Price: $18,274
- Acceptance Rate: 78%
- Retention Rate: 89%
- Graduation Rate: 81%
- Total Enrollment: 22,224
- Undergrad Students: 20,346
- Graduate Students: 1,878
- Grads Salary: $75,000
- Student-to-faculty: 17:1
George Mason University
Score: 78.32
- Undergraduate Tuition
- In-State: $13,815
- Out-of-State:$39,397
- Net Price: $18,479
- Acceptance Rate: 90%
- Retention Rate: 85%
- Graduation Rate: 71%
- Total Enrollment: 39,049
- Undergrad Students: 27,014
- Graduate Students: 12,035
- Grads Salary: $82,000
- Student-to-faculty: 16:1
University of Richmond
Score: 77.14
- Undergraduate Tuition
- In-State: $62,600
- Out-of-State:$62,600
- Net Price: $29,248
- Acceptance Rate: 24%
- Retention Rate: 92%
- Graduation Rate: 88%
- Total Enrollment: 3,876
- Undergrad Students: 3,145
- Graduate Students: 731
- Grads Salary: $78,000
- Student-to-faculty: 8:1
University of Mary Washington
Score: 73.45
- Undergraduate Tuition
- In-State: $14,559
- Out-of-State:$31,479
- Net Price: $21,863
- Acceptance Rate: 86%
- Retention Rate: 83%
- Graduation Rate: 69%
- Total Enrollment: 3,757
- Undergrad Students: 3,493
- Graduate Students: 264
- Grads Salary: $77,000
- Student-to-faculty: 12:1
Christopher Newport University
Score: 72.01
- Undergraduate Tuition
- In-State: $16,351
- Out-of-State:$30,988
- Net Price: $23,287
- Acceptance Rate: 85%
- Retention Rate: 86%
- Graduation Rate: 76%
- Total Enrollment: 4,559
- Undergrad Students: 4,449
- Graduate Students: 110
- Grads Salary: $73,000
- Student-to-faculty: 13:1
Old Dominion University
Score: 70.7
- Undergraduate Tuition
- In-State: $12,262
- Out-of-State:$32,662
- Net Price: $16,098
- Acceptance Rate: 95%
- Retention Rate: 74%
- Graduation Rate: 48%
- Total Enrollment: 23,107
- Undergrad Students: 18,375
- Graduate Students: 4,732
- Grads Salary: $76,000
- Student-to-faculty: 16:1
Marymount University
Score: 69.72
- Undergraduate Tuition
- In-State: $39,050
- Out-of-State:$39,050
- Net Price: $24,664
- Acceptance Rate: 81%
- Retention Rate: 75%
- Graduation Rate: 61%
- Total Enrollment: 3,711
- Undergrad Students: 2,275
- Graduate Students: 1,436
- Grads Salary: $82,000
- Student-to-faculty: 13:1
Radford University
Score: 69.48
- Undergraduate Tuition
- In-State: $12,286
- Out-of-State:$25,185
- Net Price: $17,105
- Acceptance Rate: 93%
- Retention Rate: 68%
- Graduation Rate: 54%
- Total Enrollment: 7,718
- Undergrad Students: 6,008
- Graduate Students: 1,710
- Grads Salary: $70,000
- Student-to-faculty: 12:1
Eastern Mennonite University
Score: 68.47
- Undergraduate Tuition
- In-State: $41,860
- Out-of-State:$41,860
- Net Price: $23,783
- Acceptance Rate: 99%
- Retention Rate: 79%
- Graduation Rate: 63%
- Total Enrollment: 1,334
- Undergrad Students: 892
- Graduate Students: 442
- Grads Salary: $75,000
- Student-to-faculty: 10:1
Virginia State University
Score: 68.27
- Undergraduate Tuition
- In-State: $9,755
- Out-of-State:$22,006
- Net Price: $15,773
- Acceptance Rate: 90%
- Retention Rate: 73%
- Graduation Rate: 38%
- Total Enrollment: 4,648
- Undergrad Students: 4,300
- Graduate Students: 348
- Grads Salary: $72,000
- Student-to-faculty: 12:1
Hampden-Sydney College
Score: 67.47
- Undergraduate Tuition
- In-State: $52,388
- Out-of-State:$52,388
- Net Price: $29,899
- Acceptance Rate: 40%
- Retention Rate: 81%
- Graduation Rate: 75%
- Total Enrollment: 846
- Undergrad Students: 846
- Graduate Students: N/A
- Grads Salary: $71,000
- Student-to-faculty: 9:1
Regent University
Score: 67.05
- Undergraduate Tuition
- In-State: $20,686
- Out-of-State:$20,686
- Net Price: $17,341
- Acceptance Rate: 32%
- Retention Rate: 70%
- Graduation Rate: 55%
- Total Enrollment: 10,337
- Undergrad Students: 4,541
- Graduate Students: 5,796
- Grads Salary: $63,000
- Student-to-faculty: 21:1
Longwood University
Score: 66.94
- Undergraduate Tuition
- In-State: $15,200
- Out-of-State:$27,410
- Net Price: $21,772
- Acceptance Rate: 88%
- Retention Rate: 76%
- Graduation Rate: 67%
- Total Enrollment: 4,358
- Undergrad Students: 3,154
- Graduate Students: 1,204
- Grads Salary: $66,000
- Student-to-faculty: 13:1
Randolph-Macon College
Score: 66.63
- Undergraduate Tuition
- In-State: $48,002
- Out-of-State:$48,002
- Net Price: $28,389
- Acceptance Rate: 85%
- Retention Rate: 81%
- Graduation Rate: 74%
- Total Enrollment: 1,490
- Undergrad Students: 1,490
- Graduate Students: N/A
- Grads Salary: $73,000
- Student-to-faculty: 10:1
Bridgewater College
Score: 66.49
- Undergraduate Tuition
- In-State: $41,350
- Out-of-State:$41,350
- Net Price: $19,332
- Acceptance Rate: 90%
- Retention Rate: 75%
- Graduation Rate: 58%
- Total Enrollment: 1,421
- Undergrad Students: 1,385
- Graduate Students: 36
- Grads Salary: $65,000
- Student-to-faculty: 13:1
Hollins University
Score: 66.09
- Undergraduate Tuition
- In-State: $42,260
- Out-of-State:$42,260
- Net Price: $21,207
- Acceptance Rate: 72%
- Retention Rate: 68%
- Graduation Rate: 66%
- Total Enrollment: 803
- Undergrad Students: 691
- Graduate Students: 112
- Grads Salary: $59,000
- Student-to-faculty: 8:1
University of Lynchburg
Score: 65.89
- Undergraduate Tuition
- In-State: $35,540
- Out-of-State:$35,540
- Net Price: $23,256
- Acceptance Rate: 96%
- Retention Rate: 76%
- Graduation Rate: 60%
- Total Enrollment: 2,394
- Undergrad Students: 1,589
- Graduate Students: 805
- Grads Salary: $70,000
- Student-to-faculty: 10:1
Emory & Henry College
Score: 65.79
- Undergraduate Tuition
- In-State: $35,280
- Out-of-State:$35,280
- Net Price: $20,834
- Acceptance Rate: 97%
- Retention Rate: 67%
- Graduation Rate: 58%
- Total Enrollment: 1,358
- Undergrad Students: 1,082
- Graduate Students: 276
- Grads Salary: $69,000
- Student-to-faculty: 12:1
Sweet Briar College
Score: 62.06
- Undergraduate Tuition
- In-State: $25,110
- Out-of-State:$25,110
- Net Price: $28,408
- Acceptance Rate: 76%
- Retention Rate: 62%
- Graduation Rate: 61%
- Total Enrollment: 460
- Undergrad Students: 457
- Graduate Students: 3
- Grads Salary: $72,000
- Student-to-faculty: 8:1
Randolph College
Score: 61.64
- Undergraduate Tuition
- In-State: $29,010
- Out-of-State:$29,010
- Net Price: $22,886
- Acceptance Rate: 95%
- Retention Rate: 67%
- Graduation Rate: 50%
- Total Enrollment: 553
- Undergrad Students: 478
- Graduate Students: 75
- Grads Salary: $65,000
- Student-to-faculty: 7:1
Overview of the Economics Field in Virginia
Virginia offers a range of economics programs tailored for both undergraduate and graduate students. Key programs include strong academic placements, competitive salaries for graduates, and a diversity of academic opportunities.
When pursuing an economics degree in Virginia, you'll find comprehensive programs. Undergraduate economics major include courses such as macroeconomics, microeconomics, and econometrics. Graduate programs offer more advanced studies and research opportunities. A PhD program is notable for its rigorous academic training, with graduates able to secure positions at top universities.
Online Learning vs. On-campus Education
Online economics degrees in Virginia offer the flexibility to study from anywhere while still getting a high-quality education. These programs can suit various professional and academic goals, whether you aim for a bachelor’s, master's, or PhD in economics.
- Flexibility and Convenience Choosing an online program allows you to balance your studies with work, family, and other responsibilities. You can complete courses at your own pace, which is especially helpful if you are working or have family obligations.
- Interaction and Networking Online programs may lack the face-to-face interactions of on-campus education. However, many online programs include discussion boards, video calls, and group projects. These tools can help you stay connected with peers and professors.
- Access to Resources Both online and on-campus students can access university resources such as libraries, career services, and academic advising. However, online students might have more digital tools and resources at their disposal, enhancing their learning experience; while on-campus students have physical access to libraries and reference materials, which can also enhance the learning experience.
Online Educational Pathways for an Economics Degree in Virginia
Online Associate Degree in Economics (AS)
An associate degree in economics provides a foundation in economic principles. These programs typically take two years to complete and cover basics like microeconomics, macroeconomics, and introductory statistics. These programs can be ideal for those looking to enter the workforce quickly or continue their education at a bachelor's level. However, it’s important to note that many economics roles won’t be available to those with only an associate degree. You may be able to access some entry-level accounting roles and gain experience, but you won’t be able to work as an economist. Many community colleges, and even universities, offer these degrees online, allowing you to study at your own pace.
National Rankings - Online AS in EconomicsOnline Bachelor’s Degree in Economics (BS)
A bachelor’s degree in economics is more comprehensive, requiring four years of study. You'll delve into more complex economic theories and analytical skills. The curriculum often includes courses in international economics, financial markets, and econometrics. Online programs offer flexibility, making it easier for you to balance studies with work or personal commitments.
National Rankings - Online BS in EconomicsOnline Master’s Degree in Economics (MS)
A master’s degree in economics can further enhance your expertise and career prospects. These advanced programs often require two years and cover specialized topics such as agricultural economics, resource management, and policy analysis. Earning this degree can lead to roles in both the public and private sectors.
National Rankings - Online MS in EconomicsOnline PhD in Economics (PhD)
Pursuing a PhD in economics is less common but certainly a possibility. This path is for those passionate about research and academic careers. PhD programs are rigorous, typically lasting several years, and involve extensive coursework followed by original research and dissertation work. Some institutions may offer hybrid models, blending online and in-person elements to provide a flexible but thorough educational experience.
Get our resources and scholarships guide for business How to Pay for College guideOnline Economics Certifications
Economics certifications can complement your degree or serve as a stand-alone credential for professionals. These certifications, which can often be completed online, focus on specific areas like data analysis, financial economics, or economic policy. They are ideal for enhancing your skills and knowledge without committing to a full degree program.
Financial Considerations for an Online Economics Degree
When pursuing an economics degree in Virginia, it's important to be aware of tuition costs and fees along with available financial aid and scholarships.
Find Online Economics Schools
Tuition Cost and Fees
The cost of tuition varies between programs and schools. Public colleges often charge less than private institutions. According to recent reports, in-state students at public universities pay an average of $9,375 per year in tuition and required fees.
Online economics degrees might also have additional technology fees, while these fees may not be charged to students attending classes on campus. Per-credit costs can vary widely, so it's essential to check specific programs for their rates. Comparing costs across multiple schools can help you make an informed decision on the most cost-effective program for your needs.
Financial Aid and Scholarships
Financial aid can significantly reduce the cost of earning an economics degree online or on campus. Various forms of aid are available including federal and state grants, loans, and scholarships. Federal options, like the Pell Grant and Stafford Loans, are accessible based on financial need.
Virginia-based institutions may offer specific scholarships for residents, or you may find scholarships aimed at students pursuing degrees in high-demand fields. Additionally, some universities provide merit-based scholarships that consider academic performance.
Researching and applying for aid early can improve your chances of receiving financial support. Many schools also have financial aid offices that can assist you in navigating the application process.
Accreditations and Certifications
To become an economist in Virginia, you must be aware of the necessary accreditations and certifications related to economics degree programs. These credentials ensure the quality and credibility of the education you receive.
Accrediting Bodies and Organizations
Accreditations are granted by various bodies and organizations that set educational standards. For economics programs in Virginia, notable accrediting bodies include the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC), which provides regional accreditation of all institutions in the state, and the Association to Advance Collegiate Schools of Business (AACSB). Regional accreditation is the minimum requirement for all college degree programs.
SACSCOC accredits degrees at all levels, ensuring that programs meet high academic standards. AACSB specifically accredits business and economics programs, focusing on quality education and faculty qualifications. These accreditations indicate that a university's online programs are rigorously evaluated and meet professional criteria.
Types of Certifications
Certifications bolster your education by adding specialized skills and knowledge. Common certifications for Economists in Virginia include the Certified Business Economist (CBE) and certifications in data analytics.
The Certified Business Economist (CBE), offered by the National Association for Business Economics (NABE), focuses on practical skills and analytical methods. This certification is valuable for those aiming for professional Economist roles.
Other popular certifications cover areas like data analytics, enhancing your ability to analyze economic data. These certifications are often offered by organizations like Coursera or LinkedIn Learning and help you stay competitive in the job market.
Potential Career and Salaries for Economics Graduates
Career options for economics graduates are diverse, and salaries can be quite rewarding. Below are some top career paths, with a focus on job roles, required education, and expected compensation.
Policy Analyst:
Job description: As a policy analyst, you examine and evaluate public policies, suggest improvements, and help shape new policies. You might work for government agencies, think tanks, or non-profit organizations.
Requirements:
- Master's degree, Growth Potential 7% (Faster than average)
- Research new proposed policies
- Collect data from primary and secondary sources
- Analyze the data and draft a proposal on the impacts
- Develop solutions for affected organizations
Median Salary: $132,350
Risk Manager:
Job description: A risk manager identifies and assesses financial risks within an organization and develops strategies to minimize potential losses. Common employers include banks, insurance companies, and large corporations. Earning certifications like FRM (Financial Risk Manager) can further boost your career prospects.
Requirements:
- Bachelor's degree, 5 years or more work experience
- Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization
- Analyze new legislation to determine impact on risk exposure
- Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models
- Confer with traders to identify and communicate risks associated with specific trading strategies or positions
Median Salary: $118,950
Financial Advisor:
Job description: Financial advisors guide clients on investments, retirement plans, and other financial decisions. In this role, you will need strong interpersonal skills, financial planning knowledge, and the ability to analyze market trends. Working independently or with financial institutions, this role also often requires regulatory licenses.
Requirements:
- Bachelor's degree, Growth Potential 13% (Much faster than average)
- Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate
- Meet with clients to discuss their financial goals
- Explain to potential clients the types of financial services they provide
- Educate clients and answer questions about investment options and potential risks
Median Salary: $150,670
Learn morePostsecondary Economics Teacher:
Job description: As a postsecondary economics teacher, your job is to educate students at colleges and universities. Higher education institutions are your primary employers. This role requires excellent communication, a deep understanding of economic theories, and research skills..
Requirements:
- PhD, Growth Potential 8% (Faster than average)
- Teach courses in economics
- Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics
- Prepare course materials, such as syllabi, homework assignments, and handouts
- Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media
Median Salary: $133,650
Frequently Asked Questions
What are the admission requirements for pursuing an economics degree in Virginia?
To qualify for admission to a master’s program, you generally need a good record in courses like intermediate microeconomics, macroeconomics, calculus, and statistics. While an economics major in your undergraduate degree is not always required, a strong academic background is essential.
Are there colleges that offer accredited economics degrees in Virginia?
Yes, several colleges in Virginia offer accredited economics degrees. Various notable institutions have well-regarded programs in this field.
Can I obtain an economics degree online from a Virginia-based university?
Yes, some universities in Virginia offer online economics degrees. This provides you with the flexibility to complete your studies remotely while still receiving a quality education.
How much does it typically cost to obtain a degree in economics from a Virginia institution?
The cost of obtaining an economics degree from a Virginia institution can vary widely. Tuition may range from a few thousand to several tens of thousands of dollars, depending on the university and the specifics of the program.