Michigan Ann Arbor or UNC, where to major in economics?

Both the University of Michigan Ann Arbor and UNC-Chapel Hill offer exceptional economics programs, with distinct advantages at each institution. Michigan's economics department, housed within the College of Literature, Science, and the Arts, is particularly known for its research strength and quantitative focus. The program typically enrolls around 1000 undergraduate economics majors, with upper-level courses averaging 30-40 students, while introductory classes can be larger at 200-300 students.

UNC's economics program, while slightly smaller, provides similarly strong academic opportunities with approximately 800 economics majors. Class sizes at UNC tend to be comparable, with upper-division courses typically ranging from 25-35 students. Both schools maintain strong placement records for graduates entering finance, consulting, and graduate programs.

Michigan's location near Detroit and Chicago provides unique networking advantages, particularly with major consulting firms and financial institutions. The university's vast alumni network, spanning across the Midwest and major financial centers, creates substantial internship and job opportunities. Michigan's Ross School of Business, while separate from the economics department, often provides additional networking events that economics majors can access.

UNC's position in the Research Triangle Park area offers different but equally valuable networking opportunities, particularly in banking and technology sectors. The school's strong connections to Charlotte's banking industry and emerging tech companies in the Triangle area provide excellent internship possibilities. UNC's economics department is known for its collaborative atmosphere and strong undergraduate research opportunities.

Cost considerations might influence your decision, as in-state tuition at your respective state school could offer significant savings. Both universities provide excellent career services, but Michigan's larger overall size typically translates to more diverse recruitment opportunities. Your choice might ultimately depend on your specific career goals and geographical preferences for future employment.