Admitted Student Statistics | Economics at Illinois. They get 370 apps/year, and the average class size is 20. Since even the top schools make twice as many admits as matriculants, it's safe to say that their admit rate is well above 10%... there are quite a few top 50 schools with admit rates of around 20%. I'm leaning against applying here because there weren't enough faculty with my research interests, but that's not the case for everyone. I think one of the reasons why it's ranked in the top 30 is because they fund all students the same way, and with a stipend. Fellowships, Assistantships, & Financial Support | Economics at Illinois. There are many schools that do not offer this. I think funding is one of many reasons why UCSB is ranked above UCI also, but UCSB did seems like a very neat program too and I plan to apply to both down the road.