If you see world events and issues through an economic lens, thrive in solving complex problems using analytics and critical thinking,
enjoy studying math and statistics as much as psychology and human behavior, and don't mind pouring over reams of data to
identify trends and insights into the world and its systems, a degree in Economics may be the perfect fit for you.
Types of Degrees
Economics students can pursue an associate degree (2 years), bachelor's degree (4 years), master's degree (6-7
years), or doctorate degree (8+ years). Most economist positions require a master's or doctorate degree, though some
entry-level positions, primarily in the federal government, only require a bachelor's degree.
A high school diploma or equivalent is required, with a strong academic background in math, science, and economic theory
coursework helping applicants obtain acceptance into their desired school. Experience in business is also highly valued.
Each school has its own specific requirements, making it important for you to explore several options before settling on a specific school.
Career Opportunities After Earning An Economics Degree
The range of career opportunities available to someone with a degree in Economics include:
- Economic Analyst
- Economics Professor
Post Graduate Salary Information
According to the Bureau of Labor Statistics, the median salary for an Economist was $105,020 in 2019 while
Economic Post-Secondary Teachers earned a mean salary of $119,160 in 2019.1
Note that the average salary varies widely not only depending on career chosen, but on geographical
location and employer. Conditions in your area may vary.
- Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Economists,
on the Internet at https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm (visited June 8, 2020).