Which is better for studying economics as an undergraduate: Washington University in St. Louis or Northwestern?

For a student seeking the more rigorous, theory- and quantitative-oriented undergraduate economics environment, Northwestern has a slight edge. Its Economics Department is especially well suited to students who want substantial econometrics, mathematical modeling, research, and connections to Chicago’s policy, finance, and consulting ecosystems. Washington University in St. Louis is an excellent alternative for students who want economics alongside a more accessible business-school experience and distinctive St. Louis-based policy resources, including the Federal Reserve Bank of St. Louis.

Northwestern fits students who are excited by a fast-paced quarter system and want to build an analytically demanding course plan. Economics majors can combine the field with mathematics, statistics, computer science, or the Mathematical Methods in the Social Sciences program, which can be particularly attractive for graduate school, economic research, data-focused roles, or quantitatively selective consulting and finance paths. Chicago also expands the practical options available during the academic year, not just over summers.

WashU may be the more appealing home for a student who wants economics to connect directly with business, entrepreneurship, or finance without making the entire undergraduate experience feel narrowly preprofessional. The economics major in Arts  Sciences offers solid quantitative and policy preparation, while Olin Business School provides opportunities for coursework and a business-oriented campus culture. The St. Louis Fed is a meaningful local asset for students interested in monetary policy, macroeconomics, and economic research.