Economics is a science of choice in a world of scarcity and unequal distribution of income. Even if your interests are primarily oriented towards public service, a financially rewarding career, a good all-purpose degree, or simply academic curiosity, an economics degree provides an excellent foundation to achieve your goals. Employers recognize this, making economics graduates some of the highest paid college graduates in the marketplace. The median base salary of business economists in 2014 was $130,000, according to a survey by the National Association of Business Economists.
An Economics degree provides much more than an understanding of economic concepts and theories. Students develop analytical skills and empirical tools that are applicable across all industries and in high demand by employers in business, government and non-profit organizations. Many economics graduates are also quite successful in gaining admittance to and succeeding in graduate programs not just in economics, but also in law, business and public policy.
Graduate and professional schools (such as law or business schools) also find that economics graduates are highly capable, providing a strong advantage in gaining acceptance to these programs. These skills are highly valued by employers, as shown in this chart from a 2013 survey of current employers, conducted by the The Association Of American Colleges And Universities.
- The government and nonprofit organizations also find economics degrees extremely valuable. For a list of job opportunities and information about careers in economics, check out these websites:
Our graduates have been employed by numerous institutions and organizations, including: