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 a wide range of skills that are desired by today's employers. For example, students learn how to allocate scarce resources, estimate demand curves, or forecast inflation, which demonstrates a capacity for continued learning and sound judgment. Looking at global economic trends and their causes also gives students a solid understanding of domestic and international current events, making economics students exceptionally well-informed regarding world affairs and intercultural communications.
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: