Income and Salary information for economics majors While no department can guarantee that their students will receive a high salary, economics majors tend to do relatively well. The NACE Fall 2004 Salary Survey indicates that the average starting salary of economics majors with bachelor's degrees exceeds the average starting salaries of graduates with majors in business administration and management, other social sciences, humanities, and most natural sciences. Click here to see the mean starting salary for graduates with selected college majors.
A 2002 survey by the National Association of Business Economists found that the median
annual base salary of business economists was $94,000 (Source: Careers in
Business Economics, Washington: National Association of Business
Economists, p. 55, 2004). This survey also indicated that the salary
of business economists varied substantially with the level of education,
experience and occupation. Click here for a more
detailed breakdown of this survey data.
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