General Economics

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Total Degrees​
Awarded in 2021
28,837
declining 7.43%
Median In-State​
Public Tuition
$7,770
growing 1.81%
Median Out-of-State​
Private Tuition
$41,500
growing 1%
Average Wage
$105,132
growing 5.96%
People in Workforce
3.96M
growing 3.42%
Average Employee Age
43.2
growing 0.291%

About

In 2021, the locations with the highest concentration of General Economics degree recipients are New York, NY, Ann Arbor, MI, and Madison, WI. In 2021, the locations with a relatively high number of General Economics degree recipients are Hampden-Sydney, VA, Geneva, NY, and Easton, PA. The most common degree awarded to students studying General Economics is a bachelors degree.

learningInstitutions

Information about the types of higher education institutions that grant degrees in General Economics and the types of students that study this field. University of Michigan-Ann Arbor awards the most degrees in General Economics in the US, but College of the Holy Cross and Hobart William Smith Colleges have the highest percentage of degrees awarded in General Economics.

Tuition costs for General Economics majors are, on average, $7,770 for in-state public colleges, and $41,500 for out of state private colleges.

The most common sector, by number of institutions, that offers General Economics programs are Private not-for-profit, 4-year or above institutions (380 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (18,754 completions).

Institutions

The most common sector, by number of degrees awarded in General Economics, is Public, 4-year or above (18,754 completions in 2021).

The following chart shows the share of universities that offer General Economics programs, by the total number of completions, colored and grouped by their sector.

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Tuition Costs for Common Institutions

$7,770
Median In-State Public
$41,500
Median Out of State Private

University of Michigan-Ann Arbor has the most General Economics degree recipients, with 646 degrees awarded in 2021.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in General Economics.

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Specialized Colleges

Out of all institutions that offer General Economics programs and have at least 5 graduates in those programs, College of the Holy Cross has the highest percentage of degrees awarded in General Economics, with 16%.

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Degrees Awarded by County

Counties with the Most Degrees Awarded in General Economics

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

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Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

This map shows the counties in the United States colored by the highest growth in degrees awarded for General Economics.

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briefcaseEmployment

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 $105,132 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Elementary & middle school teachers.

The industry that employs the most Social Sciences majors is Legal services, though the highest paying industry, by average wage, is Not specified food industries, manufacturing.

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
$105,132
Average Wage in Workforce
± $1,435
5.96%
1 Year Growth
± 1.84%

The average salary for Social Sciences majors is $105,132 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Elementary & middle school teachers.

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

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Highest Paying Locations

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

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.

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Most Common

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
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Most Specialized

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
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Highest Paid

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
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Occupations by Share

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
3.96M
2021 Workforce
± 48,210
3.42%
1 Year Growth
± 1.68%

The number of Social Sciences graduates in the workforce has been growing at a rate of 3.42%, from 3.83M in 2020 to 3.96M in 2021.

The largest single share of Social Sciences graduates go on to work as Lawyers, & judges, magistrates, & other judicial workers (8.06%). This chart shows the various jobs filled by those with a major in Social Sciences by share of the total number of graduates.

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Most Common

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
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Highest Paid

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
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Industries by Share

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
3.96M
2021 Workforce
± 48,210
3.42%
1 Year Growth
± 1.68%

The number of Social Sciences graduates in the workforce has been growing at a rate of 3.42%, from 3.83M in 2020 to 3.96M in 2021.

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

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Specialty Locations

The closest comparable data for the 6 Digit Course General 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.

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geosearchDiversity

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 43.2.

The most common degree type these workers hold is a Bachelors Degree. Male employees are more likely to hold Social Sciences degrees, and White students are the most common race/ethnicty group awarded degrees in Social Sciences (13,239 students).

Workforce Age

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
43.2
Average Age in 2021
± 0.163 Years
0.291%
1 Year Change
± 0.541%

This chart shows distribution of ages for employees with a degree in Social Sciences. The most common ages of employees with this major are 35 and 30 years old, which represent 2.9% and 2.87% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in General Economics are Bachelors Degree, Associates Degree, and Masters Degree.

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Workforce Degrees

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

The most common degree types held by the working population in Social Sciences are Bachelors Degree, Masters Degree, and Professional degree.

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Sex Imbalance for Common Institutions

Male (66.5%)
Most Common Sex with a Degree in this Field

This chart shows the granted degrees by sex at the 5 institutions that graduate the most students in General Economics.

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity
  1. White
    13,239 degrees awarded
  2. Non-resident Alien
    4,906 degrees awarded
  3. Hispanic or Latino
    3,978 degrees awarded

This chart shows the number of degrees awarded in General Economics for each race & ethnicity. White students earned the largest share of the degrees with this major.

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Race & Ethnicity by Sex

Most Common Race/Ethnicity and Sex Combination
  1. White Male
    8,735 degrees awarded
  2. White Female
    3,106 degrees awarded
  3. Non-resident Alien Male
    2,432 degrees awarded

This chart illustrates the differences by sex for each race & ethnicity of Bachelors Degree recipients in General Economics.

White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and sex.

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Global Diversity

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.
Most Common Countries of Origin
  1. India
    47,004 degree recipients
  2. China
    42,409 degree recipients
  3. Mexico
    33,317 degree recipients
High Relative Number of Students
  1. Azerbaijan
    4.44 times more than expected
  2. Kyrgyzstan
    4.4 times more than expected
  3. Singapore
    4.11 times more than expected

There are a relatively high number of people that were born in Azerbaijan that hold Social Sciences degrees (4.44 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (47,004 degree recipients).

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predictive-analysisSkills

Data on the critical and distinctive skills necessary for those working in the General Economics field from the Bureau of Labor Statistics. General Economics majors need many skills, but most especially Reading Comprehension. The revealed comparative advantage (RCA) shows that General Economics majors need more than the average amount of Management of Financial Resources, Mathematics, Programming, Learning Strategies, Systems Analysis, Writing, Active Learning, Systems Evaluation, Reading Comprehension, Technology Design, Instructing, Management of Material Resources, Critical Thinking, Active Listening, Complex Problem Solving, Judgment and Decision Making, Monitoring, Science, Persuasion, Speaking, Service Orientation, Social Perceptiveness, Management of Personnel Resources, Negotiation, Coordination, Time Management, Operations Analysis, Quality Control Analysis, Equipment Selection, Installation, Operation Monitoring, Operation and Control, Equipment Maintenance, Troubleshooting, and Repairing.

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 General 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 Management of Financial Resources is very distinctive for majors, but the Reading Comprehension, Mathematics, Writing, Active Listening, Critical Thinking, Active Learning, Judgment and Decision Making, Speaking, Complex Problem Solving, Monitoring, Systems Analysis, Learning Strategies, Systems Evaluation, Instructing, Management of Financial Resources, Persuasion, Social Perceptiveness, Coordination, Time Management, Service Orientation, Negotiation, Management of Personnel Resources, Science, Management of Material Resources, Operations Analysis, Programming, Technology Design, Quality Control Analysis, Equipment Selection, Installation, Operation Monitoring, Operation and Control, Equipment Maintenance, Troubleshooting, and Repairing are the three most important skills for people in the field.

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Bar Chart

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