Question: How Much Money Can You Make With An Economics Degree?

Do economics majors make a lot of money?

And of the best-paid graduates in all fields, economics majors rake in the most.

Using data from the Census Bureau, which began asking college graduates about their majors in 2009, it shows the annual income that the median college graduate in four common majors can expect to make in each year of her career..

Is economics a useless degree?

Honestly, I just get worked up when people misinform others about the value of an Economics degree. It’s definitely not useless, and may actually be preferable to other degrees of similar nature. … Economics is very rarely is more versatile than something like accounting, even finance in many cases.

What pays more finance or economics?

Salary. In terms of salary, finance offers a relatively better return than economics. Financial managers, who are earning $109,740, (the higher end of finance salaries) deal with very complex issues. … Economics is not far behind when it comes to salaries, with an average salary of $75,053.

Can I major in economics if I bad at math?

Yes, you can study economics even if you’re bad in maths. Economics is the study of economy, it’s units and variables not mathematical terms and equations.

What 4 year degree makes the most money?

Petroleum Engineering. Average Salary: $102,300 to $176,300. … Actuarial Mathematics. Average Salary: $60,800 to $119,600. … Nuclear Engineering. Average Salary: $67,000 to $118,000. … Chemical Engineering. … Electronics and Communications Engineering. … Computer Science Engineer. … Aerospace Engineer. … Electrical Engineer.More items…•

What is the highest paying job in economics?

Best economics degree jobsStatistician. … Corporate lawyer. … Product manager. … Economist. … Compensation manager. … Actuary. National average salary: $113,430 per year. … Senior market analyst. National average salary: $115,166 per year. … Quantitative analyst. National average salary: $141,375 per year.More items…•

What kind of jobs can you get with an economics major?

Common career paths for economics graduates include:Economist.Financial risk analyst.Data analyst.Financial planner.Accountant.Economic researcher.Financial consultant.Investment analyst.More items…•

Is economics a good degree?

A lot of professionals in banking and accountancy hold economics degrees. For any career related to finance, an economics degree is a good foundation to build on. … For those who want a job directly related to economics, further study is recommended.

Is it hard to get a job with an economics degree?

Yes and no. You can find a job, just probably not in the field of Economics. Just as an example, my daughter graduated from one of the top universities in the U.S. with a bachelor’s degree in Econ, a 3.9 GPA, and having done an internship with one of the top “think tank” economists in the country.

Is economics a difficult major?

GETTING an economics degree is not hard, truly UNDERSTANDING economics is hard. … If you really want to make the most of your economics degree, take classes that are math intensive so you can see how math can be applied to real world problems, instead of just abstract theory. If there is an econometrics class take it.

Should you study economics or finance?

Economics offers a greater scope of studies, touching on both macro and micro economics, where finance is only one aspect. Conversely, a finance major has a narrower scope focusing mostly on how individuals and organizations use and account for monetary resources.

What majors make the most money?

Nuclear engineering. … Materials engineering. … Computer science. … Chemical engineering. … Industrial engineering. … Electrical, electronics and communications engineering. Median starting salary: $67,000. … Petroleum engineering. Median starting salary: $67,150. … Computer engineering. Median starting salary: $69,300.More items…•