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Agriculture / Agricultural Economics Major

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5,097 Bachelor's Degrees Annually
326 Master's Degrees Annually
#14 in Popularity
$55,050 Median Salary

Types of Degrees Majors Are Getting

The following table lists how many agricultural economics & business graduations there were for each degree level during the last year for which data was available.

Education Level Number of Grads
Bachelor’s Degree 4,891
Associate Degree 1,625
Basic Certificate 757
Undergraduate Certificate 448
Master’s Degree 344
Doctor’s Degree 72
Graduate Certificate 3

What Majors Need to Know

People with careers related to agricultural business were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Agricultural Business Majors

Agricultural Business majors often go into careers in which the following knowledge areas are important:

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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Skills for Agricultural Business Majors

A major in agricultural business prepares you for careers in which the following skill-sets are crucial:

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  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Abilities for Agricultural Business Majors

A major in agricultural business will prepare for your careers in which the following abilities are important:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Major?

People with a agricultural business degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Economists 6.1% $104,340
Environmental Economists 6.1% $104,340
Farm and Home Management Advisors 7.7% $49,840
First-Line Supervisors of Office and Administrative Support Workers 3.4% $55,810

Who Is Getting a Bachelor’s Degree in ?

4,891 Bachelor's Degrees Annually
37% Percent Women
18% Percent Racial-Ethnic Minorities*
This is one of the most frequently chosen business majors. It is the 14th most popular in the country with 5,097 students graduating with a bachelor’s in agricultural business in 2021. This major attracts more men than women. About 63% of the graduates in this field are male.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of agricultural business majors is as follows:

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Race/Ethnicity Number of Grads
Asian 123
Black or African American 144
Hispanic or Latino 443
White 3,815
International Students 126
Other Races/Ethnicities 240

Geographic Diversity

Agricultural Business appeals to people across the globe. About 2.6% of those with this major are international students. The most popular countries for students from outside the country are:

  • China
  • South Korea
  • India
  • Canada
  • Nepal

How Much Do Majors Make?

Bachelor’s Degree Starting Salary

Salaries According to BLS

Average salaries range from $50,790 to $79,940 (25th to 75th percentile) for careers related to agricultural business. This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a <nil> Major  ( 50790 to 79940 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some degrees associated with agricultural business may require an advanced degree, while others may not even require a bachelor’s in the field. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to agricultural business have obtained the following education levels.

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Education Level Percentage of Workers
Less than a High School Diploma 3.8%
High School Diploma - or the equivalent (for example, GED) 15.8%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 8.3%
Some College Courses 9.1%
Associate’s Degree (or other 2-year degree) 8.4%
Bachelor’s Degree 27.7%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 0.6%
Master’s Degree 10.3%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 1.2%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.3%
Doctoral Degree 12.9%
Post-Doctoral Training 2.1%

Online Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 0 0
Certificate (1-2 years) 95 2
Certificate (2-4 Years) 9 0
Associate’s Degree 242 13
Bachelor’s Degree 5 1
Post-Baccalaureate 0 0
Master’s Degree 60 7
Post-Master’s 0 0
Doctor’s Degree (Research) 25 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Worth It?

The median salary for a agricultural business grad is $55,050 per year. This is based on the weighted average of the most common careers associated with the major.

This is 38% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $303,000 after 20 years!

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References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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