Specialization

Economics

Economics graduates earn $82,686 four years out. Related careers are growing at up to 33.5%, one of the stronger demand signals across all fields. Data Scientist is among the highest-growth roles in the field.

About Economics

Economics is a focused area of study within Social Sciences. Graduates typically earn around $82,686 four years out, a strong return for a focused credential. The program is available at 928 colleges across the U.S., from community colleges to research universities. About 46,225 students complete this program each year, most earning a bachelor's. Coursework pairs research methods with the applied study of people and institutions.


Median Earnings · 1yr
$51,815
Median Earnings · 4yr
$82,686
Colleges Offering
928
Graduates / Year
46,225
Avg Net Price / yr
$20,350

How Much Do Economics Graduates Earn?

Economics graduates earn $82,686 four years out, well above average for college graduates. The middle 50% of earners fall between $58,184 and $116,323. Earnings typically jump significantly in the first few years. The one-year figure of $51,815 climbs to $82,686 by year four.

$51,815
1 Year After Graduation

Starting salaries only. Earnings in this field grow substantially in the first 3 to 5 years.

$82,686
4-Year National Median

Well above average for college graduates.

$79,468
4-Year Institutional Median

Median of per-school medians. Each reporting college counts equally, regardless of size.


Earnings Range

There is a wide earnings spread across Economics graduates. Degree level and sector drive the gap. Graduate-level government and research roles anchor the top; entry-level social services and nonprofit roles anchor the bottom.


Why This Program Pays Off Fast

Strong ROI. At median 4-year earnings of $82,686 against an estimated $81,400 four-year net cost, most graduates break even against baseline wages in under two years.

Based on outcomes from 808 schools. Colleges with fewer than 30 graduates are excluded from national averages.

Who Studies This? Credential Breakdown

Of the 46,225 students who complete Economics programs each year, the majority (78%) earn a bachelor's degree. The breakdown below shows the full credential distribution.

Bachelor's 78%
Master's 12%
Associate's 7%

What Can You Do With an Economics Degree?

Economics connects to 8 occupations in the job market. Economist leads at $124,720/yr median. Expand any card to see daily responsibilities, in-demand skills, and 10-year growth projections.

↗ +1.2% Zone 5: Extensive preparation
$124,720
$89K $175K 25th–75th pct.
Master's degree 900 openings/yr 18K employed nationally
Critical Thinking Mathematics Reading Comprehension Writing Critical Thinking
Day-to-day responsibilities

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
↗ +2.1% Zone 5: Extensive preparation
$123,920
$87K $169K 25th–75th pct.
Doctoral or professional degree 1,200 openings/yr 12K employed nationally
Speaking Instructing Writing Reading Comprehension Active Listening
Day-to-day responsibilities

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

  • 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.
↗ +33.5% Zone 4: Considerable preparation
$120,230
$86K $159K 25th–75th pct.
Bachelor's degree 23,400 openings/yr 262K employed nationally
Critical Thinking Reading Comprehension Reading Comprehension Active Listening Speaking
Day-to-day responsibilities

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

  • Generate standard or custom reports summarizing business, financial, or economic data for review by executives, managers, clients, and other stakeholders.
  • Maintain or update business intelligence tools, databases, dashboards, systems, or methods.
  • Manage timely flow of business intelligence information to users.
↗ +8.5% Zone 5: Extensive preparation
$105,650
$82K $141K 25th–75th pct.
Master's degree 2,000 openings/yr 29K employed nationally
Mathematics Mathematics Complex Problem Solving Judgment and Decision Making Reading Comprehension
Day-to-day responsibilities

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

  • Analyze and interpret statistical data to identify significant differences in relationships among sources of information.
  • Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.
  • Report results of statistical analyses, including information in the form of graphs, charts, and tables.
↗ +6.7% Zone 4: Considerable preparation
$78,760
$58K $108K 25th–75th pct.
Bachelor's degree 87,200 openings/yr 900K employed nationally
Reading Comprehension Writing Critical Thinking Complex Problem Solving Active Listening
Day-to-day responsibilities

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

  • Prepare reports of findings, illustrating data graphically and translating complex findings into written text.
  • Collect and analyze data on customer demographics, preferences, needs, and buying habits to identify potential markets and factors affecting product demand.
  • Conduct research on consumer opinions and marketing strategies, collaborating with marketing professionals, statisticians, pollsters, and other professionals.
↘ -1.6% Zone 4: Considerable preparation
$72,040
$60K $93K 25th–75th pct.
Bachelor's degree 66,200 openings/yr 1.1M employed nationally
Instructing Reading Comprehension Active Listening Learning Strategies Speaking
Day-to-day responsibilities

Teach one or more subjects to students at the secondary school level.

  • Prepare students for later grades by encouraging them to explore learning opportunities and to persevere with challenging tasks.
  • Instruct through lectures, discussions, and demonstrations in one or more subjects, such as English, mathematics, or social studies.
  • Establish and enforce rules for behavior and procedures for maintaining order among students.
↘ -5.2% Zone 5: Extensive preparation
$69,460
$51K $100K 25th–75th pct.
Master's degree 700 openings/yr 8K employed nationally
Writing Speaking Critical Thinking Reading Comprehension Active Listening
Day-to-day responsibilities

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

  • Conduct surveys and collect data, using methods such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, literature reviews, and file reviews.
  • Prepare and present summaries and analyses of survey data, including tables, graphs, and fact sheets that describe survey techniques and results.
  • Consult with clients to identify survey needs and specific requirements, such as special samples.
↗ +4.4% Zone 4: Considerable preparation
$61,990
$49K $78K 25th–75th pct.
Bachelor's degree 5,200 openings/yr 31K employed nationally
Reading Comprehension Writing Critical Thinking Active Listening Complex Problem Solving
Day-to-day responsibilities

Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management.

  • Design and create special programs for tasks such as statistical analysis and data entry and cleaning.
  • Provide assistance with the preparation of project-related reports, manuscripts, and presentations.
  • Prepare tables, graphs, fact sheets, and written reports summarizing research results.

Top Colleges for Economics

The 20 colleges below are ranked by how many Economics students they graduate each year. Scroll right to compare acceptance rate, net price, and median earnings side by side.

# College Graduates Acceptance Net Price/yr Earnings 10yr
1 University of California-Los Angeles Los Angeles, CA · Public 962 9% $12,548 $82,511
2 University of California-Berkeley Berkeley, CA · Public 944 11% $13,481 $92,446
3 University of Chicago Chicago, IL · Nonprofit 767 4.5% $14,860 $91,885
4 University of Wisconsin-Madison Madison, WI · Public 765 45.2% $17,354 $73,792
5 New York University New York, NY · Nonprofit 744 9.2% $37,050 $82,509
6 University of California-Santa Barbara Santa Barbara, CA · Public 718 33% $16,109 $74,915
7 University of Michigan-Ann Arbor Ann Arbor, MI · Public 710 15.6% $13,138 $83,648
8 Columbia University in the City of New York New York, NY · Nonprofit 605 4% $21,590 $102,491
9 Johns Hopkins University Baltimore, MD · Nonprofit 541 6.4% $18,809 $87,555
10 University of Virginia-Main Campus Charlottesville, VA · Public 509 16.8% $21,565 $86,863
11 Boston University Boston, MA · Nonprofit 483 11.1% $24,402 $83,238
12 University of California-Davis Davis, CA · Public 472 41.8% $14,741 $80,838
13 University of North Carolina at Chapel Hill Chapel Hill, NC · Public 465 15.3% $11,655 $72,200
14 Northwestern University Evanston, IL · Nonprofit 464 7.7% $29,167 $89,363
15 University of Maryland-College Park College Park, MD · Public 458 44.8% $15,678 $82,860
16 University of Illinois Urbana-Champaign Champaign, IL · Public 451 42.4% $14,355 $81,054
17 University of Massachusetts-Amherst Amherst, MA · Public 440 59.7% $22,383 $71,631
18 Boston College Chestnut Hill, MA · Nonprofit 438 16.4% $41,704 $103,937
19 Texas A&M University-College Station College Station, TX · Public 426 57.4% $21,315 $72,097
20 University of Connecticut Storrs, CT · Public 423 52.4% $25,097 $73,997

Ranked by Economics graduate volume. Scroll right to compare key stats. Read our methodology →

Plan Your Path

Decide with data, not guesswork. These tools turn the numbers on this page into a personal plan. Estimate the real cost of a Economics program, compare colleges side-by-side, weigh the long-term payoff, and find schools that match your profile.

Economics Degree: Pros & Cons

Strong earnings and positive career growth make Economics a solid option. The 4 strengths and 2 trade-offs below are data-sourced from College Scorecard, BLS, and IPEDS.

PROS
  • Strong median salary Graduates earn $82,686 nationally four years out, placing this field above most degree programs in the country.
  • Strong salary growth Median earnings climb from $51,815 at graduation to $82,686 four years later, a clear sign of career momentum in this field.
  • Fast-growing field Related careers are projected to grow up to +33.5% over the next decade, with Data Scientist among the fastest-growing roles.
  • Strong hiring volume Related occupations generate more than 186,800 job openings per year combined, creating consistent demand for graduates.
CONS
  • Advanced degree often expected Top roles in this field typically expect a master's degree or higher. A bachelor's may be a starting point rather than a terminal credential for the most competitive positions.
  • Declining roles in some areas 2 related careers show negative 10-year employment projections. Research specific roles before committing.

Economics Degree: Frequently Asked Questions

How much do Economics graduates earn?
Economics graduates earn a national median of $82,686 four years after completing their program. The middle 50% of earners fall between $58,184 and $116,323. Where you land typically depends on employer, role, and location.
What is the starting salary for a Economics degree?
One year after graduation, Economics degree holders earn a median of $51,815. That climbs to $82,686 four years out. The biggest salary jumps typically come once you move past entry-level roles.
What jobs can you get with a Economics degree?
Economics degree holders pursue careers including Economist, which pays a median of $124,720/yr. Scroll down to the Career Paths section to see wages and job growth projections for every related occupation.
How long does a Economics program take?
A Economics bachelor's degree typically takes four years of full-time study. Community colleges offer associate programs in two years for students who want a faster path into the workforce.
How many colleges offer Economics?
928 colleges and universities in the United States offer Economics programs. Options range from community colleges with certificates and associate degrees to research universities with doctoral tracks.
Is a Economics degree worth it?
With a median 4-year salary of $82,686 and an average net price of roughly $20,350/yr, a Economics degree can pay off well, especially at lower-cost schools and in high-demand roles. Use the Top Colleges section below to compare specific programs before deciding.
What is the difference between Economics and Social Sciences?
Economics is a focused concentration within the broader Social Sciences field. The Social Sciences major covers the full discipline; this program narrows the curriculum to Economics-specific courses, skills, and career tracks. If you already know this is the direction you want, the specialized program gives you a more targeted credential.
What skills do employers look for in Economics graduates?
Employers hiring Economics graduates consistently prioritize research methodology, interpersonal communication, and policy understanding. Experience with surveys, qualitative interviews, or statistical tools is often a differentiator in government, nonprofit, and research roles.
Is graduate school worth it for Economics graduates?
With a median salary of $82,686, graduate study in Economics can meaningfully increase long-term income, particularly for specialized or professional programs aligned with high-demand roles. The right answer depends on your career goals, program cost, and whether your target role explicitly rewards an advanced credential.
What is the job outlook for Economics graduates?
The job outlook for Economics graduates is moderate overall. Related occupations project an average of +6.2% job growth over the next 10 years. Data Scientist is among the strongest-growth roles at +33.5%. Growth varies by role and location, so check the Career Paths section for projections on each specific occupation.

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