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Bachelor's Degree in Economics

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Bachelor’s Degrees in Economics

40,046 Yearly Graduations
$44,300 Median Salary
$21,666 Median Debt
There are 787 colleges and univerities across the nation that offer a bachelor's degree in economics. Among those who recently graduated from the schools offering this degree, the majority were men, and 30% were students from an underrepresented racial-ethnic group. Also, 20.3% of economics graduates were international students.

Education Levels of Economics Majors

In 2019-2020, 40,046 bachelor's degrees were awarded to economics majors. This makes it the 5th most popular bachelor's degree program in the country.

The following table shows the number of diplomas awarded in economics at each degree level.

Education Level Number of Grads
Bachelor’s Degree 40,046
Master’s Degree 4,493
Associate Degree 2,948
Doctor’s Degree 1,219
Graduate Certificate 102
Basic Certificate 14
Undergraduate Certificate 9

Earnings of Economics Majors With Bachelor’s Degrees

The median salary for graduates holding a bachelor's degree in economics is $44,300. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses. A better approximation of salary is to look at the typical range of salaries. In this case the low is $39,100 and the high is $50,200.

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Student Debt

The median student debt for graduates holding a bachelor's degree in economics is $21,666. The length of time it takes you to graduate and what college you attend can affect this number quite a bit. The chart below shows the range of accumulated debt loads. On the high side of the range, $25,000 is the debt load, and the debt load on the low side is $18,531.

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Those students who are paying back their debt on a 10-year repayment plan have a median monthly payment of $225.

Student Diversity

More men than women pursue bachelor's degrees in economics. About 66.3% of graduates in this field are male.

Gender Number of Grads
Men 26,550
Women 13,496
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The racial-ethnic distribution of economics bachelor’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 5,006
Black or African American 1,653
Hispanic or Latino 3,965
White 18,555
International Students 8,115
Other Races/Ethnicities 2,752
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There are 787 colleges that offer a bachelor’s degree in economics. Learn more about the most popular 20 below:

Economics Focus Areas

Major Annual Degrees Awarded
General Economics 26,628
Quantitative Economics 12,066
Applied Economics 384
Other Economics 351
Development Economics 328

References

*The racial-ethnic minority student 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 percentage of racial-ethnic minorities.

More about our data sources and methodologies.

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