Economics major career information

Earnings of Economics Majors in Perspective

Your undergraduate major has a huge influence on your career. Data from the 2010 U.S. Census tells us that Economics majors have some of the best compensated careers. The table below shows a comparison of compensation data for a few selected majors, to put this claim in perspective. The data comes from the digital edition of the Wall Street Journal, November 14, 2011, and it is based on the report What’s it Worth by the Georgetown University Center on Education and the Workforce.

Major field Unemployment 1st 25% earnings Median earnings Top 75% earnings
Computer science 5.6% $50,000 $77,000 $102,000
ECONOMICS 6.3% $42,000 $69,000 $108,000
Finance 4.5% $44,000 $65,000 $101,000
Mathematics 5.0% $42,000 $63,000 $95,000
Accounting 5.4% $41,000 $61,000 $94,000
Marketing 5.9% $40,000 $59,000 $90,000
Political Science 6.0% $38,000 $57,000 $91,000
International Business 8.5% $38,000 $52,000 $87,000

A complementary view on the career prospects of economics majors is seen in data from an article on US News by Kelsey Sheehy, September 12, 2012. Sheehy reports the following numbers, according to salary data from PayScale:

Field Starting pay Median mid-career pay
Physics $49,800 $101,000
ECONOMICS 47,300 $94,700
Statistics $49,000 $93,800
Government $41,400 $87,300
Political Science $39,900 $80,100
International Relations $40,500 $79,400
Advertising $37,700 $74,700