What can I do with an economics degree?

Mike Nelson

Mike Nelson
Professor of Economics
Chair, Department of Economics

The Economics department offers two undergraduate degrees – a Bachelor's of Arts in Economics and a Bachelor's of Science in Labor Economics - and one graduate degree – a Master's of Arts in Economics.

With an economics degree you can do "anything you want to do" or "anything which requires analytical and problem-solving skills." You will have an important skill that differentiates you from others. It is needed in both the business and the private sector and government and the public sectors, which gives you flexibility.

The U.S. Bureau of Labor Statistics'Occupational Outlook Handbook (2012-13 edition) concludes that employment of economists will grow to 6 percent from 2010 to 2020. Candidates who hold a master's degree in economics will have the best employment prospects and advancement opportunities.

Here is a list of major areas in which our graduates and other economic graduates have been employed.

Salary for entry-level economists

The National Association of Business Economists (NABE) in its April 2010 survey summarized the starting salary for entry-level economists, shown below:

Degree Median Starting Salary For Economists
Bachelor's
Master's
Ph.D.
$50,000
$58,000
$85,000
Source: National Association for Business Economics, Salary Characteristics, 2010