Economics

Contains Stem Majors

Add Comparison
  • No Results Found
    • 0
Average Wage
$121,427
growing 2.65%
People in Workforce
4.28M
growing 2.26%
Average Employee Age
43.3
growing 0.0797%

About

Photo by Rafael Matsunaga
Social Sciences

Institutions

Information about the types of higher education institutions that grant degrees in Economics and the types of students that study this field. undefined awards the most degrees in Economics in the US, but Pardee RAND Graduate School and Claremont McKenna College have the highest percentage of degrees awarded in Economics.

The most common sector, by number of institutions, that offers Economics programs are Private not-for-profit, 4-year or above institutions (438 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (25,235 completions).

Specialized Colleges

Highest Concentration Institution
  1. Pardee RAND Graduate School
    100%
  2. Claremont McKenna College
    26.1%
  3. Williams College
    18.5%

Out of all institutions that offer Economics programs and have at least 5 graduates in those programs, Pardee RAND Graduate School has the highest percentage of degrees awarded in Economics, with 100%.

View Data
Save Image

Degrees Awarded by County

Counties with the Most Degrees Awarded in Economics
  1. Los Angeles County, CA
    2,938 degrees awarded
  2. New York County, NY
    2,018 degrees awarded
  3. Middlesex County, MA
    1,480 degrees awarded

This map shows the counties in the United States colored by the highest number of degrees awarded in Economics by year.

View Data
Save Image

Employment

Information on the businesses and industries that employ Social Sciences graduates and on wages and locations for those in the field.

The average salary for Social Sciences majors is $121,427 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Chief executives & legislators.

The industry that employs the most Social Sciences majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Prefabricated wood buildings & mobile homes.

Yearly Income for Common Jobs

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.
$121,427
Average Wage in Workforce
± $1,581
2.65%
1 Year Growth
± 1.81%

The average salary for Social Sciences majors is $121,427 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Chief executives & legislators.

This chart shows the average annual salaries of the most common occupations for Social Sciences majors.

View Data
Save Image

Highest Paying Locations

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.
Highest Paying Pumas
  1. Western Central PUMA, CT
    $281,640
  2. NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY
    $274,785
  3. Norfolk County (Northwest)--Needham, Wellesley & Westwood PUMA, MA
    $270,666

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Social Sciences majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Social Sciences majors live and work in the same place, but it is also possible that they live and work in two different places.

View Data
Save Image

Most Common

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.

The most common occupations for Social Sciences majors, by number of employees, are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Chief executives & legislators.

View Data
Save Image
View Data
Save Image

Most Specialized

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.

Compared to other majors, there are an unusually high number of Social Sciences majors working as N/A.

View Data
Save Image
View Data
Save Image

Highest Paid

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.

The highest paid occupations by median income for Social Sciences majors are N/A.

View Data
Save Image
View Data
Save Image

Occupations by Share

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.
4.28M
2024 Workforce
± 50,076
2.26%
1 Year Growth
± 1.63%

The number of Social Sciences graduates in the workforce has been growing at a rate of 2.26%, from 4.18M in 2023 to 4.28M in 2024.

The largest single share of Social Sciences graduates go on to work as Lawyers, & judges, magistrates, & other judicial workers (7.92%). This chart shows the various jobs filled by those with a major in Social Sciences by share of the total number of graduates.

View Data
Save Image

Most Common

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.

The most common industries that employ Social Sciences majors, by number of employees, are Elementary & secondary schools, Legal services, and Colleges, universities & professional schools, including junior colleges.

View Data
Save Image
View Data
Save Image

Highest Paid

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.

The highest paying industries of Social Sciences majors, by average wage, are Prefabricated wood buildings & mobile homes, Metal ore mining, and Internet publishing, broadcasting & web search portals.

View Data
Save Image
View Data
Save Image

Industries by Share

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.
4.28M
2024 Workforce
± 50,076
2.26%
1 Year Growth
± 1.63%

The number of Social Sciences graduates in the workforce has been growing at a rate of 2.26%, from 4.18M in 2023 to 4.28M in 2024.

The industry which employs the most Social Sciences graduates by share is Elementary & secondary schools, followed by Legal services. This visualization shows the industries that hire those who major in Social Sciences.

View Data
Save Image

Specialty Locations

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Social Sciences majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Social Sciences majors live and work in the same place, but it is also possible that they live and work in two different places.

View Data
Save Image

Diversity

Demographic information for those who earn a degree in Social Sciences in the United States.

The average age of a person in the workforce with a degree in Social Sciences is 43.3.

N/A

Workforce Age

The closest comparable data for the 4 Digit Course Economics is from the 2 Digit Course Social Sciences.
43.3
Average Age in 2024
± 0.157 Years
0.0797%
1 Year Change
± 0.517%

This chart shows distribution of ages for employees with a degree in Social Sciences. The most common ages of employees with this major are N/A and N/A years old, which represent N/A% and N/A% of the population, respectively.

View Data
Save Image

Skills

Data on the critical and distinctive skills necessary for those working in the Economics field from the Bureau of Labor Statistics. Economics majors need many skills, but most especially Critical Thinking. The revealed comparative advantage (RCA) shows that Economics majors need more than the average amount of Programming, Mathematics, and Operations Analysis.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for Economics majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Programming is very distinctive for majors, but the Critical Thinking, Reading Comprehension, and Active Listening are the three most important skills for people in the field.

Radar Distribution

View Data
Save Image

Bar Chart

View Data
Save Image