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Economics Majors’ Salary Over the Career
This figure shows median earnings by age for those who majored in Economics but have a bachelor’s degree only: “This Major (BA only)”, and those who majored in Economics but obtained a masters degree or higher: “This Major (Grad Degree)”. For reference, “All Majors (BA only)” contains the median income for all college graduates who have a bachelor’s degree only, and “All Majors (Grad Degree)” contains the median income for all college graduates who have a Master’s degree or higher.
This table highlights key outcomes for Economics majors, compared to averages for all college graduates.
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Top 10 Early-Career Occupations (Bachelor’s only)
These are the top occupations for Economics majors aged 25-35 who have a BA only (no graduate degree) and the median income they received in the occupation. The share indicates the percentage of Economics majors aged 25-35 with a BA only who worked in that occupation.
| Share | Occupation | Income |
|---|---|---|
| 6 | Managers, nec (including Postmasters) | 98,800 |
| 6 | Accountants and Auditors | 81,800 |
| 5 | Financial Managers | 102,000 |
| 4 | Computer Scientists and Systems Analysts/Network systems Analysts/Web Developers | 91,600 |
| 4 | Management Analysts | 104,000 |
| 3 | First-Line Supervisors of Sales Workers | 75,600 |
| 3 | Personal Financial Advisors | 108,000 |
| 3 | Financial Analysts | 107,000 |
| 3 | Securities, Commodities, and Financial Services Sales Agents | 163,000 |
| 3 | Unemployed | 0 |
Top 10 Mid-Career Occupations (Bachelor’s only)
These are the top occupations for Economics majors aged 45-55 who have a BA only (no graduate degree) and the median income they received in the occupation. The share indicates the percentage of Economics majors aged 45-55 with a BA only who worked in that occupation.
| Share | Occupation | Income |
|---|---|---|
| 8 | Unemployed | 0 |
| 6 | Managers, nec (including Postmasters) | 140,000 |
| 5 | First-Line Supervisors of Sales Workers | 105,000 |
| 5 | Chief executives and legislators/public administration | 228,000 |
| 4 | Financial Managers | 159,000 |
| 3 | Accountants and Auditors | 88,000 |
| 3 | Sales Representatives, Wholesale and Manufacturing | 130,000 |
| 3 | Personal Financial Advisors | 176,000 |
| 2 | Managers in Marketing, Advertising, and Public Relations | 162,000 |
| 2 | Securities, Commodities, and Financial Services Sales Agents | 213,000 |
Top 10 Mid-Career Occupations (Master’s Degree or higher)
These are the top occupations for Economics majors aged 45-55 who have completed graduate work (Masters, PhD, Professional Degree) and the median income they received in the occupation. The share indicates the percentage of Economics majors aged 45-55 with graduate degrees who worked in that occupation.
| Share | Occupation | Income |
|---|---|---|
| 13 | Lawyers, and judges, magistrates, and other judicial workers | 213,000 |
| 7 | Managers, nec (including Postmasters) | 193,000 |
| 6 | Financial Managers | 218,000 |
| 5 | Unemployed | 0 |
| 5 | Chief executives and legislators/public administration | 253,000 |
| 4 | Postsecondary Teachers | 130,000 |
| 4 | Accountants and Auditors | 123,000 |
| 3 | Management Analysts | 147,000 |
| 2 | First-Line Supervisors of Sales Workers | 156,000 |
| 2 | Elementary and Middle School Teachers | 74,800 |
Top 10 Early-Career Industries
These are the top industries for Economics majors aged 25-35 and the median income they received in the industry. The share indicates the percentage of Economics majors aged 25-35 who worked in that industry.
| Share | Industry | Income |
|---|---|---|
| 10 | Security, commodity brokerage, and investment companies | 130,000 |
| 7 | Banking | 91,400 |
| 6 | Computer and data processing services | 110,000 |
| 5 | Management and public relations services | 111,000 |
| 4 | Insurance | 88,200 |
| 4 | Legal services | 117,000 |
| 4 | Credit agencies, n.e.c. | 105,000 |
| 3 | Real estate, including real estate-insurance offices | 81,900 |
| 3 | Colleges and universities | 70,200 |
| 3 | N/A (not applicable) | 0 |
Top 10 Mid-Career Industries
These are the top industries for Economics majors aged 45-55 and the median income they received in the industry. The share indicates the percentage of Economics majors aged 45-55 who worked in that industry.
| Share | Industry | Income |
|---|---|---|
| 8 | Security, commodity brokerage, and investment companies | 225,000 |
| 6 | N/A (not applicable) | 0 |
| 5 | Banking | 169,000 |
| 4 | Insurance | 147,000 |
| 4 | Legal services | 194,000 |
| 4 | Computer and data processing services | 167,000 |
| 4 | Management and public relations services | 148,000 |
| 4 | Colleges and universities | 113,000 |
| 4 | Elementary and secondary schools | 62,000 |
| 3 | Real estate, including real estate-insurance offices | 106,000 |
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