Globalization has had a profound impact on our world. Some of these career options may require additional schooling, training, and/or professional certification, but some additional career options include job titles like: According to the BLS, economists collect and analyze data that examines the production and dispersal of goods to help governments, businesses, and other organizations make economic decisions and need at least a bachelor's degree in economics. Job duties for a personal financial advisor may include: You do not have to break the bank to get a degree. "Salary of an Economics Major: How Much Do Graduates Earn?." What is your highest level of education completed? Job Outlook: The BLS predicts that financial analyst jobs will grow by 6% through 2028, about as fast as average for all occupations. BSFIN - Wealth Management and Financial Planning, Business Support and Administrative Services, Entrepreneurship and Small Business Development, BS in Finance - Accelerated MS in Finance, BS in Business Studies - International Mgt, BS in Business Studies - Business Finance, BS in Business Studies - Business Adminis, BS in Business Administration: International Business, BS in Business Administration - Management, Master of Science (MS) or Master of Arts (MA) in Economics, aspiring financial advisors may also take college coursework, Online Economics Degree Program Overviews by Level, Online Economics Masters Degree Program Information, Online Graduate Degree in Economics: Degree Options. Master's degree applicants must have a bachelor's or higher. Other top-paying states for economists included Virginia, Ohio, and California. Salary of an Economics Major: How Much Do Graduates Earn? Speaking with one of our college advisors, you will get personalized advice and explore your Here we explore some of the reported salaries for those with a background in economics, as well as a few different jobs for economic majors. Get personalized advice from our college experts. PayScale.com reported that graduates with a Bachelor of Science (BS/BSc) in Economics made an average annual salary of $70,000 in November 2019. 26 Nov 2020 accessed. Visit PayScale to research economist salaries by city, experience, skill, employer and more. degree options and guide you through every step of the college selection and enrollment process. Options are available for economics majors in fields like business, education, and law. What Will You Study in an MBA in Economics Program? Want expert, personalized advice that can save you a lot of time and money? Find the right school and build a personalized Education Plan with help from an independent advisor. Web. Must be a high school graduate or have completed GED. a Study.com College Advisor at the end of the process. All rights reserved. Curriculum, relevancy of sample programs, and outcomes will vary by school. 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Retrieved from https://study.com/articles/Salary_of_an_Economics_Major_How_Much_Do_Graduates_Earn.html. What Can You Do with an MBA in Economics? Economics major salary can depend on the type of degree, the job title, and several other factors. Must be a high school graduate or have completed GED. It's free! Study.com College Advisor that can help you compare costs and options. The BLS reported that financial analysts made an annual median salary of $85,660 in 2018 and need at least a bachelor's degree in a field like economics, finance, accounting, or mathematics. This may require financial analysts to: Personal financial advisors made a median salary of $88,890 in 2018, per the BLS, and usually need at least a bachelor's degree. Other job duties may include: The U.S. Bureau of Labor Statistics (BLS) stated that the median annual salary for an economist in 2018 was $104,340 and the average annual salary was $116,020. (2019, Nov 22 of publication). PayScale.com reported that in November 2019, graduates with an MS in Economics made an average annual salary of $77,000, while those with an MA in the field made a median salary of $76,000. The listings below may include sponsored content but are popular choices among our users. Must complete an application online and submit transcripts for their highest degree earned. The bottom 10% earned less than $52,540 and the top 10% earned more than $167,420. What Jobs Can You Get with an MBA in Economics? This plan includes: Take classes on your own terms while saving up to 50% on college. in Economics? These analysts help individuals, businesses, and other organizations make sound investment decisions based on the performance of various investments. guide you through every step of the college selection and enrollment process. The highest paying state for economists in 2018 behind the District of Columbia (average salary of $134,260) was New York with an average annual salary of $127,520. Undergraduate applicants must be a high school graduate or have completed GED and completed some college. What Jobs Can You Get with a BS in Economics From UCLA? Earn Transferable Credit & Get your Degree, Speak to a College Advisor today and make a better plan. These professionals help advise individuals in a range of financial topics, such as insurance, retirement plans, and mortgages, to help clients meet their personal financial goals. Get a free comparison table of costs, aid, and requirements for Business schools. (Salary of an Economics Major: How Much Do Graduates Earn?. Can I Get an MBA After Getting an M.A. Just in case you need a simple salary calculator, that … The website also reported that graduates with a Bachelor of Arts (BA) in Economics made an average salary of $72,000 for the same time period. Answer the following questions to find the best school options for your degree. Undergraduate applicants must be a high school graduate or have completed GED and completed some college. Connect with This degree can be in economics, law, business, and other related fields, but aspiring financial advisors may also take college coursework in subjects like estate planning and taxes. ), Study.com / Salary of an Economics Major: How Much Do Graduates Earn?. The BLS further explores the salary of economists by location and industry. The average salary for an Economist in United Arab Emirates is AED 204,483. Graduates with a Ph.D. in Economics made an average salary of $101,000. The top-paying industry at this time (2018) for economists was legal services, where economists made an average salary of $228,620. Learn about some of the best schools in the nation to offer degree programs in applied economics. We'll explore your degree options and Economics major salary can depend on the type of degree, the job title, and several other factors. While salary can vary greatly based on a number of factors, including job title, employer, and years of experience, there are data on salaries for economics majors. Can I Get a PhD in Economics After Getting an MBA? Find Schools. Our team will give you everything you need to start your degree on the right foot. Can I Get an MBA After Getting a B.A. Enter zip: Salary: According to the BLS, the median annual financial analyst salary was $85,660 in May 2018. © copyright 2003-2020 Study.com. All other trademarks and copyrights are the property of their respective owners. As of Nov 16, 2020, the average annual pay for the Economics Major jobs category in the United States is $75,908 a year. For free! At the graduate level, students can choose from a Master of Science (MS) or Master of Arts (MA) in Economics, as well as a Doctor of Philosophy (Ph.D.) in the field. Must be 24 years of age or older and a high school graduate for a Bachelor's, Masters degree applicants must have a Bachelors, Doctorate degree applicants must have a Masters degree, Afterwards, you'll have the option to speak to an independent Study.com, 22 Nov 2019 published. 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