Economics is the study of production, distribution, and consumption of goods. This is a vast and interesting subject that affects every person in society. Your classes will examine how a society chooses to spend their time and money, including how money is spent in government as well as household finances. Other subjects involve methods of buying and selling, inflation, and interest rates. Mathematics and statistics are important areas in this major.
Courses you can expect to see in Economics are statistics, accounting, calculus, business economics, developmental economics, economic theory, microeconomics, macroeconomics, money and banking, economic history in the United States, and international trade.
You may be able to choose a concentration in this major. Examples of some of the specializations available are Applied Economics; Econometrics and Quantitative Economics; Development Economics and International Development; and International Economics.
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Economics Degrees Trends
#19Most Popular Major
47.8kDegrees Awarded
239Schools Offering Degrees
Economics was the 19th most popular major in the 2021-2022 school year. Colleges in the United States reported awarding 47,809 degrees in this year alone.
Our 2025 Best Economics Schools ranking analyzes 407 of these schools to determine the best overall colleges for economics students. Continue reading to check out one of our many unbiased rankings of economics programs later in this article.
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What Are The Requirements For a Degree in Economics
Students should have an interest in business and economics and not be afraid of a math-heavy course load. You will use critical thinking skills to study the allocation and distribution of scarce resources, as well as logic and reasoning to solve complex problems, analyze data and observe patterns. Mathematical formulas and statistics will help you research data and come up with predictions of future trends.
In addition to sharp mathematical abilities, students will also need good communication skills in order to clearly explain your work in presentations and reports. Your findings should be presented in a way that makes it easy for those outside the subject to understand. Collaboration with peers will help you gain different approaches of solving a problem.
ADBLOCK #171
Getting Accepted Into an Economics Program
A high school diploma or equivalent is typically required for most economics degree programs and many students will need a minimum GPA and SAT/ACT score depending on the school. Specific economics careers may require a certain level of degree attainment or additional certifications beyond that.
Economics Degree Types
There are many different economics degree levels. You can get anything from a in economics to the highest economics degree, a . Economics programs can take anywhere between one to four or more years for a full-time student to complete.
Degree
Credit Requirements
Typical Program Length
Associate Degree
60-70 credits
2 years
Bachelor’s Degree
120 credits
4 years
Master’s Degree
50-70 credits
1-3 years
Doctorate
Program required coursework including thesis or dissertation
At least 4 years
A bachelor's degree is the most common level of education achieved by those in careers related to economics, with approximately 40.0% of workers getting one. People currently working in careers related to economics tend obtained the following education levels.
Level of Education
Percentage of Workers
Bachelor’s Degree
35.0%
Master’s Degree
23.3%
Doctoral Degree
22.0%
Post-Master’s Certificate
3.0%
Associate’s Degree (or other 2-year degree)
2.6%
ADBLOCK #172
Most workers in economics have at least a master's degree. See the chart below for the most common degree level workers in economics have received.
This of course varies depending on which economics career you choose.
Career Opportunities for A Degree In Economics Graduate
Above AverageNumber of Jobs
$56.5kAverage Starting Salary
14% GrowthJob Outlook 2016-26
Graduates with a degree in Economics are prepared to work as economists in a variety of positions researching and providing data for government organizations or private companies. Obtaining a Master's degree or Ph.D. may make you more competitive in the field; however it is not required for many positions.
Solid Growth Projected for Economics Careers
Want a job when you graduate with your economics degree? Economics careers are expected to grow 13.5% between 2016 and 2026.
The following options are some of the most in-demand careers related to economics.
Occupation Name
Projected Jobs
Expected Growth
Managers
1,071,700
8.0%
Market Research Analysts and Marketing Specialists
733,700
23.2%
Economists
22,600
6.1%
Economics Professors
18,300
10.9%
Survey Researchers
14,900
2.1%
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Economics Degree Salary Potential
Recently graduated economics students earned an average of $56,532 in <nil>. Earnings can range from as low as $23,222 to as high as $103,993. As you might expect, salaries for economics graduates vary depending on the level of education that was acquired.
High Paying Careers for Economics Majors
Salaries for economics graduates can vary widely by the occupation you choose as well. The following table shows the top highest paying careers economics grads often go into.
Occupation Name
Median Average Salary
Economics Professors
$117,180
Economists
$116,020
Managers
$115,590
Market Research Analysts and Marketing Specialists
$70,960
Survey Researchers
$63,240
ADBLOCK #173
Getting Your Economics Degree
With over 2,305 different economics degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased economics school rankings to help you with this.
by our College Data Analytics Team
