Best Colleges in Econometrics Program

This page introduces the top colleges in Econometrics program. Massachusetts Institute of Technology is ranked first in Econometrics program ranking and Yale University is placed in second.
Econometrics Best Schools
Next describes the Econometrics program in general.
Econometrics is the application of mathematics, statistical methods, and, more recently, computer science, to economic data and is described as the branch of economics that aims to give empirical content to economic relations. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." The first known use of the term "econometrics" (in cognate form) was by Polish economist Pawe? Ciompa in 1910. Ragnar Frisch is credited with coining the term in the sense in which it is used today.(from wiki)


Academic Comparison Between Best Colleges in Econometrics Program

3 public and 8 private schools are ranked in the top Econometrics colleges. The average acceptance rate of the schools is 13.36% where Stanford University has the tightest acceptance rate of 4% and University of Wisconsin-Madison has the highest rate of 52%. Total 265,609 students are enrolled into the best Econometrics schools where University of Wisconsin-Madison has the largest population with 42,977 students and Princeton University is the smallest school with 8,273 students. The average graduation rate is 93.09% and the average students to faculty ratio is 9.55:1 at those colleges.
Next table shows the academic information and key facts of the best Econometrics colleges including acceptance rate, graduation rates, student population, and students to faculty ratio.
Table. Best Colleges in Econometrics Program
RankName Acceptance RatesGraduation RatesPopulationStudent-Faculty Ratio
1Massachusetts Institute of Technology
Cambridge, MA
7%94%11,466 3:1 (33.33 %)
1Yale University
New Haven, CT
6%97%12,974 6:1 (16.67 %)
3Princeton University
Princeton, NJ
5%97%8,273 5:1 (20.00 %)
4University of California-San Diego
La Jolla, CA
30%85%35,772 19:1 (5.26 %)
5Harvard University
Cambridge, MA
5%96%31,120 7:1 (14.29 %)
6Northwestern University
Evanston, IL
8%94%22,008 6:1 (16.67 %)
6University of California-Berkeley
Berkeley, CA
15%91%41,891 18:1 (5.56 %)
8University of Chicago
Chicago, IL
7%93%16,227 5:1 (20.00 %)
9Stanford University
Stanford, CA
4%94%17,534 12:1 (8.33 %)
10University of Pennsylvania
Philadelphia, PA
8%96%25,367 6:1 (16.67 %)
10University of Wisconsin-Madison
Madison, WI
52%87%42,977 18:1 (5.56 %)
Average13.36%93.09%265,609 (Total) 9.55:1 (10.48 %)

Best College In Econometrics 2019 Tuition Comparison and 2020 Estimated Costs

Next table lists 2018-2019 tuition & fees and compares the costs between the best college in econometrics. The 2018-2019 costs are officially published by IPEDS, U.S. Department of Education. The estimated costs for year 2019-2020 are calculated and estimated based on each school's tuition rates last year.

For the undergraduate programs, the average tuition & fees of the best college in econometrics is $49,723 where University of Chicago has the most expensive costs with $58,230 and University of Wisconsin-Madison has the lowest amount of tuition with $36,805. The average graduate tuition & fees of the best college in econometrics is $43,519 where University of Chicago has the highest tuition with $58,968 and University of Wisconsin-Madison has the lowest amount of graduate school tuition with $25,336.
UndergraduateGraduate
Table. Best College In Econometrics 2019 Undergraduate Tuition Comparison and 2020 Estimation
RankSchool Name 2019 Tuition & Fees2020 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1Massachusetts Institute of Technology $49,892$49,892
1Yale University $53,430$55,540
3Princeton University $50,340$53,757
4University of California-San Diego $14,167$43,159 $14,318$44,316
5Harvard University $50,420$51,935
6Northwestern University $54,568$56,525
6University of California-Berkeley $14,184$43,176 $14,198$44,191
8University of Chicago $58,230$61,846
9Stanford University $51,354$53,151
10University of Pennsylvania $55,584$57,712
10University of Wisconsin-Madison $10,555$36,805 $10,577$38,945
Average$12,969$49,723$13,031$51,619
Table. Best College In Econometrics 2019 Graduate School Tuition Comparison and 2020 Estimation
RankSchool Name 2019 Tuition & Fees2020 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1Massachusetts Institute of Technology $52,892$52,892
1Yale University $42,100$43,229
3Princeton University $51,250$53,669
4University of California-San Diego $13,397$28,499 $13,348$28,450
5Harvard University $47,562$49,221
6Northwestern University $54,620$56,632
6University of California-Berkeley $14,131$29,233 $14,092$29,194
8University of Chicago $58,968$61,003
9Stanford University $49,617$49,617
10University of Pennsylvania $38,630$40,186
10University of Wisconsin-Madison $12,010$25,336 $12,032$25,358
Average$13,179$43,519$13,157$44,496

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