Managerial Economics

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Total Degrees​
Awarded in 2016

6,344

growing 3%

Median In-State​
Public Tuition

$6,939

growing 1.6%

Median Out-of-State​
Private Tuition

$32,540

growing 2.42%

Average Wage

$88,037

growing 2.76%

People in Workforce

10.9M

growing 3.53%

Average Employee Age

43.7

growing 0.358%

About

Institutions

Employment

Diversity

Skills

About

The locations with the highest concentration of Managerial Economics degree recipients are University of California-Davis, CA, Irvine, CA, and Santa Cruz, CA. The locations with a relatively high number of Managerial Economics degree recipients are Hampden-Sydney, VA, Montecito, CA, and Wheaton, IL. The most common degree awarded to students studying Managerial Economics is a bachelors degree.

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Business

Institutions

Information about the types of higher education institutions that grant degrees in Managerial Economics and the types of students that study this field. University of California-Davis awards the most degrees in Managerial Economics in the US, but Hampden-Sydney College and Westmont College have the highest percentage of degrees awarded in Managerial Economics.

Tuition costs for Managerial Economics majors are, on average, $6,939 for in-state public colleges, and $32,540 for out of state private colleges.

The most common sector, by number of institutions, that offers Managerial Economics programs are Public, 4-year or above institutions (140 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (4,836 completions).

Institutions

Institution with the Most Degrees Awarded in Managerial Economics

  1. University of California-Davis

  2. University of California-Irvine

  3. University of California-Santa Cruz

The most common sector, by number of degrees awarded in Managerial Economics, is Public, 4-year or above (4,836 completions).

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

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Tuition Costs for Common Institutions

$6,939

Median In-State Public

$32,540

Median Out of State Private

University of California-Davis has the most Managerial Economics degree recipients, with 493 degrees awarded in 2016.

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

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Specialized Colleges

Highest Concentration Institution

  1. Hampden-Sydney College

    19.5%

  2. Westmont College

    13.9%

  3. Greensboro College

    9.47%

Out of all institutions that offer Managerial Economics programs and have at least 5 graduates in those programs, Hampden-Sydney College and Westmont College have the highest percentage of degrees awarded in Managerial Economics, with 19.5% and 13.9%, respectively.

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Degrees Awarded by County

Counties with the Most Degrees Awarded in Managerial Economics

  1. Orange County, CA

  2. Yolo County, CA

  3. Los Angeles County, CA

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

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Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

  1. Weber County, UT

  2. Escambia County, FL

  3. Erath County, TX

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

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Employment

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

The average salary for Business majors is $88,037 and the most common occupations are Accountants & auditors, Miscellaneous managers, and Financial managers.

The industry that employs the most Business majors is Insurance carriers & related activities, though the highest paying industry, by average wage, is Leather tanning & finishing, & other allied products manufacturing .

Wages

Yearly Income for Common Jobs

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

$88,037

Average Wage in Workforce

± $668

2.76%

1 Year Growth

± 1.05%

The average salary for Business majors is $88,037 and the most common occupations are Accountants & auditors, Miscellaneous managers, and Financial managers.

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

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Highest Paying Locations

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

Highest Paying Pumas

  1. Westchester County (Southeast) PUMA, NY

  2. Upper West Side & West Side PUMA, NY

  3. Ridgewood Village, Glen Rock & Westwood Boroughs PUMA, NJ

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

Note that the census collects information tied to where people live, not where they work. It is possible that Business 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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Occupations

Most Common

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

The most common occupations Business majors, by number of employees, are Accountants & auditors, Miscellaneous managers, and Financial managers.

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Most Specialized

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

Compared to other majors, there are an unusually high number of Business majors working as Accountants & auditors, Financial analysts, and Financial examiners.

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Highest Paid

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

The highest paid occupations by median income for Business majors are Physicians & surgeons, Chief executives & legislators, and Aircraft pilots & flight engineers.

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Occupations by Share

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

10.9M

2017 Workforce

± 78,018

3.53%

1 Year Growth

± 0.986%

The number of Business graduates in the workforce has been growing at a rate of 3.53%, from 10.5M in 2016 to 10.9M in 2017.

The largest single share of Business graduates go on to work as Accountants & auditors (10.5%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

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Industries

Most Common

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

The most common industries that employ Business majors, by number of employees, are Insurance carriers & related activities, Elementary & secondary schools, and Accounting, tax preparation, bookkeeping & payroll services.

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Highest Paid

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

The highest paying industries of Business majors, by average wage, are Leather tanning & finishing, & other allied products manufacturing , Securities, commodities, funds, trusts & other financial investments, and Other information services, except libraries & archives, & internet publishing & broadcasting & web search portals.

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Industries by Share

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

10.9M

2017 Workforce

± 78,018

3.53%

1 Year Growth

± 0.986%

The number of Business graduates in the workforce has been growing at a rate of 3.53%, from 10.5M in 2016 to 10.9M in 2017.

The industry which employs the most Business graduates by share is Insurance carriers & related activities, followed by Elementary & secondary schools. This visualization shows the industries that hire those who major in Business.

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Specialty Locations

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

PUMAS with a relatively high number of Business majors

  1. West Hollywood & Beverly Hills Cities PUMA, CA

  2. Carr 2-Carr 111 PUMA, PR

  3. Carr 2-Carr 100 PUMA, PR

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

Note that the census collects information tied to where people live, not where they work. It is possible that Business 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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Diversity

Demographic information on those who earn a degree in Business in the US. The average age of a person in the workforce with a degree in Business is 43.7, and the most common degree type these workers hold is a Bachelors Degree. Male employees are more likely to hold Business degrees, and White students earn the majority (3,279) of the degrees.

Workforce Age

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

43.7

Average Age in 2017

± 0.0939 Years

0.358%

1 Year Change

± 0.304%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 35 and 47 years old, which represent 2.72% and 2.69% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in Managerial Economics are Bachelors Degree, Masters Degree, and Research Doctorate.

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Workforce Degrees

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

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

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Gender Imbalance for Common Institutions

Male (66.5%)

Most Common Gender with a Degree in this Field

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

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

  1. White

    3,279 degrees awarded

  2. Asian

    988 degrees awarded

  3. Non-resident Alien

    851 degrees awarded

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

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Race & Ethnicity by Gender

Most Common Race/Ethnicity and Gender Combination

  1. White Male

    2,265 degrees awarded

  2. White Female

    834 degrees awarded

  3. Asian Male

    534 degrees awarded

This chart illustrates the differences by gender for each race & ethnicity of Bachelors Degree recipients in Managerial Economics. White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and gender.

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Global Diversity

The closest comparable data for the 4 Digit Course Managerial Economics is from the 2 Digit Course Business.

Most Common Countries of Origin

  1. India

    157,347 degree recipients

  2. Philippines

    150,806 degree recipients

  3. Mexico

    127,078 degree recipients

High Relative Number of Students

  1. Indonesia

    3.17 times more than expected

  2. Latvia

    3.1 times more than expected

  3. South Central Asia, not specified

    2.88 times more than expected

There are a relatively high number of people that were born in Indonesia that hold Business degrees (3.17 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 (157,347 degree recipients).

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Skills

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

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 Managerial 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, Writing, and Critical Thinking are the three most important skills for people in the field.

Radar Distribution

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Bar Chart

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