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Economics

Students study how individuals, businesses, and governments allocate scarce resources, including microeconomic theory, macroeconomic policy, econometrics, and financial markets. Graduates typically pursue careers in finance, consulting, government economic policy, banking, market research, and data analytics, or continue to graduate programs in economics, law, or business. Economics is one of the highest-paying social science degrees, with graduates valued for their analytical and quantitative skills.

Schools
351
Programs analyzed
Earnings
$53,967
Avg 1-yr grad earnings
Range $23,222–$103,993
AI Risk
Very High
59% task exposure
Field Overview

What Economics graduates do

Your economics degree trains you to understand the "why" behind decisions. Many graduates apply this in management, where you'll spend your days allocating budgets, structuring team incentives, and using data to justify strategic shifts. Others become market research analysts, designing surveys and analyzing consumer behavior to tell marketing teams what will sell. For those with strong quantitative skills, the path to data science is exploding; you’ll build complex models to forecast sales or optimize pricing.

Your career will likely progress from analysis to strategy. You might start as an analyst cleaning datasets, but you’ll advance by becoming the person who interprets the findings for executives and recommends action. While data-centric roles are growing fast, other paths like secondary school teaching are shrinking.

With an average AI exposure of 55%, expect technology to automate significant parts of your job. The routine data collection and number-crunching will increasingly be handled by AI. Your value will shift to asking the right questions, critically evaluating a model's output, and making nuanced judgments that algorithms can't.

Closely-related majors include Political Science, Social Sciences, and Applied Mathematics, which share overlapping career paths and skill sets.

Career Trajectories

Where Economics graduates work

Common career paths for Economics graduates, with median salaries, projected growth, and AI exposure per role. Roughly 293,500 combined openings per year across these roles.

Role Median Pay Annual Openings 10-yr Growth AI Exposure
Managers, all other
$136,550
$100K–$179K
106,700 +4.5% Moderate · 47%
Economics teachers, postsecondary
$119,980
$81K–$167K
1,200 +2.1% Moderate · 48%
Economists
$115,440
$82K–$166K
900 +1.2% High · 61%
Data scientists
$112,590
$83K–$156K
23,400 +33.5% High · 64%
Statisticians
$103,300
$79K–$138K
2,000 +8.5% High · 66%
Market research analysts and marketing specialists
$76,950
$56K–$105K
87,200 +6.7% High · 55%
Secondary school teachers, except special and career/technical education
$64,580
$58K–$83K
66,200 -1.6% Moderate · 33%
Survey researchers
$63,380
$46K–$85K
700 -5.2% High · 62%
Social science research assistants
$58,040
$46K–$73K
5,200 +4.4% High · 67%
Source: BLS Occupational Employment & Wage Statistics, May 2024. Salary range shows 25th–median–75th percentile (national).
Top Institutions

Best schools for Economics

Schools ranked by DegreeOutlook Score (earnings × AI resilience × ROI × job-market size). Top 10 of 351.

Rank #1 · DegreeOutlook Score 84
University of California-Berkeley
Berkeley, CA · Public
$80,446 1-yr earnings
20.2x ROI multiple
Very High AI risk
# School DW Score 1-yr Earnings ROI
5 University of Michigan-Ann Arbor
Ann Arbor, MI · Public
80 $68,416 14.8x
6 California Polytechnic State University-San Luis Obispo
San Luis Obispo, CA · Public
80 $67,501 19.2x
7 University of California-Santa Barbara
Santa Barbara, CA · Public
80 $66,334 17.0x
8 Utah State University
Logan, UT · Public
80 $60,472 22.9x
9 The University of Texas at Austin
Austin, TX · Public
80 $58,717 19.8x
10 Sonoma State University
Rohnert Park, CA · Public
80 $53,825 29.7x
11 University of Utah
Salt Lake City, UT · Public
79 $64,386 20.6x
12 James Madison University
Harrisonburg, VA · Public
79 $62,286 16.8x
13 University of California-Los Angeles
Los Angeles, CA · Public
79 $62,091 17.3x
14 Purdue University-Main Campus
West Lafayette, IN · Public
78 $59,187 19.3x
15 Indiana University-Bloomington
Bloomington, IN · Public
78 $59,142 17.4x
16 University of Maryland-College Park
College Park, MD · Public
78 $58,650 17.9x
17 Harvard University
Cambridge, MA · Private nonprofit
77 $103,993 5.8x
18 University of Wisconsin-Oshkosh
Oshkosh, WI · Public
77 $57,663 21.1x
19 Iowa State University
Ames, IA · Public
77 $57,619 18.3x
20 University of Wisconsin-Madison
Madison, WI · Public
77 $54,495 18.0x
Find the top Economics schools — ranked by actual earnings data from 351 programs →

Highest Earnings Top 5

Harvard University
MA
$103,993
Princeton University
NJ
$103,041
Duke University
NC
$98,649
Stanford University
CA
$98,104
Dartmouth College
NH
$94,675

Economics vs Other Majors

See how Economics compares to similar fields on earnings, AI risk, and career paths.

Related majors

Similar fields of study often offered alongside Economics.

Consider the trade route

Not sure a 4-year degree is the right path? Trade programs in Economics offer shorter timelines, lower debt, and strong AI resilience for hands-on careers.

Compare Economics trade programs on TradeSchoolOutlook →
FAQ

Frequently asked about Economics

What's the typical salary after a Economics degree?

Across 351 schools, Economics graduates earn an average of $53,967 per year in their first year after graduation. Earnings range from $23,222 to $103,993 depending on the school.

Will AI affect Economics careers?

Our analysis classifies Economics as "Very High" for AI risk — approximately 59% of typical job tasks overlap with current AI capabilities. That puts most of the daily work in the automation-sensitive category.

What's the top-ranked school for Economics?

University of California-Berkeley leads all 351 programs with a DegreeOutlook Score of 84/100. Graduates earn $80,446/yr — the ranking weighs earnings, ROI, AI resilience, and job market size equally.

Is a Economics degree worth the investment?

The average 10-year earnings multiple is 10.1x tuition. This is a strong return on investment. The spread between the best and worst programs is wide, so individual school selection has a major impact.