In this article, you will see the best schools for economics majors that you can apply for in 2022. Each school has its own respective requirements for an economics major. For this reason, your choice of school will be put into consideration, because you have to meet their application requirements. You might be wondering what an economics major do, this is one of the answers this article will give to you. This is in a bid for you to have a clear understanding of what you are about to venture into. Also, in this article, we’re going to give you a general overview of what you need to know about becoming an economics major or majoring in economics. So let get started
What Is an Economics Major?
An economics major is a degree option that examines issues related to resource allocation, incentives and wealth, among others. Economics is relevant to graduate and professional studies in areas such as business, law, and public affairs, as well as useful college degrees for many careers. Students often begin their studies by developing a solid foundation in microeconomics, macroeconomics, and computing, which they can use to pursue more advanced courses and research opportunities. Those interested in the political applications of economics may wish to enroll in courses that analyze real-world problems, while students considering a PhD in economics should also explore some higher-level mathematics.
What Do Economics Majors Do?
Economics majors learn to collect, organize, and interpret data, using mathematical and statistical formulas to perform calculations. They also create models to predict the impact of investments, political decisions, industry trends, demographics, climate change, and much more. While economics majors must be able to analyze problems and propose solutions, success in the field also requires strong communication skills. People working in economics must be able to translate their complex results into a format that business leaders, legislators, and ordinary people can understand. While graduates with a degree in economics master the table and graph as tools for summarizing trends and results, the ability to write clear descriptions and present complicated information to others is also a vital skill for the economics major.
What You Need to Know About Becoming an Economics Major
Why Major in Economics? Is it the Right Degree for You
Specializing in economics major may be the right choice for you if you want to use analytical reasoning to study behavior patterns, policy issues, or business practices. The critical thinking skills that an economics degree can help you develop are useful in many areas. Although students considering a career in business may be inclined to study economics, the discipline may also be relevant to those interested in law, medicine, government, and other avenues. If you have strong logical reasoning skills, consider yourself a good problem solver, or if you are thinking about how the world could work more efficiently, you might consider enrolling in an economics course.
What Can I Do With an Economics Major?
Majors in economics learns to decode the systems behind what can often seem impossible to understand. They study economic models and theories to analyze how apparently simple buying and selling can be complicated by factors such as taxes, interest rates, inflation, labor disputes, and even weather conditions. Also, Economics Majors learn economic theory, economic systems like capitalism, and mathematical methods. They use their knowledge to analyze how limited resources are made, exchanged, and used. With an undergraduate degree in economics, you can pursue higher education or join the workforce. If you want to help companies and organizations in legal disputes, you can look for a job as an economic consultant. If risk analysis appeals to you more, you may want to consider becoming an actuary. Research assistant jobs are also open to recent graduates, especially those who may be seeking a PhD in economics. In addition to a doctorate. Higher education options in the field include law school and Master of Business Administration or Public Administration programs. With adequate preparation for the first cycle, majors in economics sometimes continue their studies in medicine.
What are the Prospective Careers for Economics Majors?
Given the scale of the specialty, there are many possible career options for people with a degree in economics. To choose the right career, you will need to consider your other skills, interests, and values. Therefore, majors in economics can pursue a variety of career options. Well what exactly does this include? Some of the job titles in economic specialties include market analyst, real estate agent, urban planner, policy analyst, forecaster, research assistant, and statistician, among many others. All these works involve, to a certain extent, the application of analytical skills that are necessary for those who study economics. Seniors with degrees in economics found employment with the following employers, among others: Federal Reserve banks, the Census Bureau, the Bureau of Labor Statistics, the Treasury Department, many banks, accounting firms, law firms. Advice on litigation and market studies carried out. Furthermore, it seems that the main positions in the economy may actually increase. Remember that these positions are not intrinsically business-related and as such are not directly related to the state of business in the United States. Finally, of course, as mentioned above, you can undertake graduate studies in economics. Such a diploma, such as a master’s or a doctorate, would allow you to work in positions at a higher level than that of a simple college degree. A graduate degree would also allow you to teach economics if it was something that interested you.
What Jobs Do Economics Majors Get?
Options are available for economics students in areas such as business, education, and law. Here are some job options to consider when choosing a career with a degree in economics. Some of these career options may require additional education, training, and / or professional certification, but some additional career options include job titles such as: Most jobs that specialize in economics do not have an economist in office. Here are some real jobs I see doing that would be perfect for a major economy.
How Much Do Economics Majors Make?
Salary can vary widely based on a number of factors, including job title, employer, and years of experience, there is data on wages in economic specialties. PayScale.com reported that graduates with a Bachelor of Science (BS / BSc) in Economics earned an average annual salary of $70,000 in November 2019. The website also reported that graduates with a Bachelor of Arts (BA) in economics earned an average salary of $ 72,000 during the same period.
Graduate Economics Degree Salary
At the higher level, students can choose between a Master of Science (MS) or a Master of Arts (MA) in economics, as well as a Doctor of Philosophy (Ph.D.) in the field. PayScale.com reported that in November 2019, MS economics graduates earned an average annual salary of $77,000, while those with a master’s degree in the field earned an average salary of $76,000. Graduates with a doctorate. In economics, he earned an average salary of $101,000.
Economist Salary by State and Industry
The BLS also explores economists’ wages by location and by industry. The highest-paying state for economists in 2018 behind the District of Columbia (median salary of $134,260) was New York with an average annual salary of $127,520. The other highest-paid states for economists were Virginia, Ohio, and California. The highest-paid industry at the time (2018) for economists was legal services, where economists earned an average salary of $228,620. The second-highest-paid industry was management, scientific and technical consulting services, where economists earned an average salary of $133,130.
Best Schools for Economics Majors in 2022
Indeed, there are a good number of schools that offer Economics Major, but knowing the best is what really matters. With this purpose in mind, we have made a list of 15 Best Schools for Economics majors in 2022. And we will be stating full detail of our ranking criteria.
The University of Chicago
Chicago, IL Number of Programs: We consider these as one important criterion for ranking the best Schools for Economics Majors. Because some of these schools can have a good number of programs they offer which will avail you a lot of options to choose from. Accreditation: This criterion is very much important because a school can be cheap but yet do not have quality. So, we consider the body of accreditation as well as certification for each of these schools before ranking them. Whether they fall in the category of regional or national accreditation. Acceptance Rate: This is one aspect that is considered important because of the lower the acceptance rate the better the school. Graduation & Employment Rate: Here, we consider if these schools have a high tendency of graduating their students. Some can get enrolled but get stuck at the end. Also, we put into consideration whether school graduates are employable by great institutions. These factors are equally very much important. The University of Chicago is one of the best economics schools in the country. UChicago is a large, private, non-profit school located in the great city of Chicago. Also, UChicago is in our ranking of the best universities out of 8 out of 1,727 universities across the country means UChicago is a great overall university. Specifically, the B.A economics major program aims to equip students with the basic tools to understand how a modern economy works. Most importantly, the University of Chicago is one of the most popular universities to study economics in the United States with more than 421 degrees last year. Chicago students use their bachelor’s degrees in economics for a wide range of careers including other professional degrees in law, business, and medicine, graduate studies in applied economics and economic policy, as well as a doctorate training in economic research. University of Chicago majors in economics receive an increase in earnings of approximately $15,317 above the average earnings of economics graduates.
Economics Major Degrees Available at UChicago
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Northwestern University
Evanston, Illinois Economics is one of the largest in the social science program at Northwestern University. Northwestern U is a very large, private, non-profit school located in the small town of Evanston. A Top 10 ranking of 1,727 schools across the country means Northwestern U is a great overall university. Northwestern U offers degrees in economics as low as one to two-year certificates and up to a research-based doctorate/scholarship. Graduates of economics report an average early career income of $69,200.
Economics Major Degrees Available at Northwestern U
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Duke University
Durham, NC Duke University is a good option for students seeking a degree in economics. Located in the city of Durham, Duke is a private, non-profit school with a fairly large student population. A ranking of the top universities out of 1 in 1,727 universities nationwide means Duke is a great overall university. For those interested in something more advanced, Duke also offers 2 different higher levels in economics, the most popular of which is a master’s degree. Duke University economics graduates earn $22,117 more than the typical economics graduate.
Economics Major Degrees Available at Duke University
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of California – Berkeley
Berkeley, CA Located in the median city of Berkeley, UC Berkeley is a public university with a fairly large student population. This school is ranked 65th out of 1,727 overall quality schools in the state of California. University of California – Berkeley is a university popular enough to study economics in the United States with more than 676 graduates last year. Economics graduates earn an average of $63,000 in the first two years of work.
Economics Major Degrees Available at UC Berkeley
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of California – Los Angeles
Los Angeles, CA Located in the city of Los Angeles, UCLA is a public university with a very large student population. This university is ranked 49th out of 1,727 schools for its overall quality in the state of California. The Bachelor of Arts in Economics is one of the most popular majors at UCLA. A college degree in economics seeks to educate students about how consumers, workers, and businesses make decisions, and how these decisions are combined into economic phenomena. For those interested in something more advanced, UCLA also offers 2 different levels of advanced degrees in economics, the most popular being a master’s degree. Students who graduate from the economics program earn an average of $48,800 in early career wages.
Economics Major Degrees Available at UCLA
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Notre Dame
Notre Dame, Indiana At the University of Notre Dame, their Economics major allows you to acquire strong quantitative, analytical, and communications skills in the context of a liberal arts curriculum. Students in the Economics major must take a total of 10 economics classes.
Economics Major Degrees Available at UC Berkeley
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Michigan – Ann Arbor
Ann Arbor, MI Located in the median city of Ann Arbor, the University of Michigan is a public university with a fairly large student population. This university is ranked 35 out of 1,727 schools for its overall quality in the state of Michigan. During the 2017-2018 academic year, the University of Michigan – Ann Arbor awarded 528 bachelor’s degrees in economics. For this reason, the schools have been ranked number 13 of all the colleges and universities offering this degree. This is a 21% increase over the previous year when 436 degrees were issued. In 2018, 70 students earned their master’s degree in economics from the University of Michigan. This makes it the 11th most popular school for applicants for the Master of Economics in the country. Additionally, 29 students earned their PhD in economics in 2018, making the school the fourth most popular school in the United States for this category of students. For those interested in something more advanced, the U of Michigan also offers 2 different advanced levels in economics, the most popular of which is a master’s degree. Economics graduates earn an average of $57,200 for their first careers. Students interested in a major in economics should consult an advisor in the economics department.
Economics Major Degrees Available at U of Michigan
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Yale University
New Haven, CT Yale is a fairly large, private, non-profit school located in the city of New Haven. A ranking of the top 4 universities out of 1,727 universities across the country means Yale is a great overall university. There are approximately 260 undergraduate students in economics enrolled in this degree at Yale. The department recommends that students interested in majoring in economics take at least two introductory economics courses in the first year. Those with a wealth of experience in economics from Yale University find employment in government agencies, nonprofits, and, of course, economic advisory and investment banking. In addition to pursuing graduate studies in economics, majors in economics also pursue graduate studies in law, medicine, and business. Yale University economics graduates receive an increase in income of approximately $13,717 compared to the typical income of economics graduates.
Economics Major Degrees Available at Yale
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
New York University
New York City, New York Located in New York City, NYU is a private, non-profit university with a fairly large student population. This university is ranked 129 out of 1,727 universities for its overall quality in New York State. Most importantly, the economics major offers two concentrations, politics and theory. Students with the permission of the Director of Undergraduate Studies may switch from one concentration to another, but certain rules apply. In both cases, no course may be taken for which the student does not have the appropriate prerequisites; This includes mathematical prerequisites. There are approximately 576 undergraduate economics students enrolled in this major program at NYU. Students who graduate from the economics program earn about $56,900 for their first careers.
Economics Major Degrees Available at NYU
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Florida
Gainesville, FL The University of Florida is one of the best economics schools in the country. Located in the median city of Gainesville, U of F is a public university with a very large student population. Students in Economics major will learn the essential skills used to determine the implications of economic decisions for the allocation of scarce resources in society. As well as the pricing of goods and services, the distribution of income, the behavior of macroeconomic variables, and the effect of the intervention of the government A degree in economics is also suitable for students who wish to pursue higher studies in the social sciences and in vocational schools. For those interested in something more advanced, U of F also offers 4 different higher levels in economics, the most popular being a PhD (research/scholarship). Students in the University of Florida’s economic studies program earn $8,000 more than the average college graduate in this field shortly after graduation.
Economics Major Degrees Available at UF
Bachelor of Arts Economics MajorMaster of Arts in Economics MajorDoctorate Degree in Economics MajorCombined BA/MA in Economics Major
University of California – San Diego
San Diego, California The University of California at San Diego is a public research university in San Diego, California. BA’s economics major program is designed to provide a broad understanding of resource allocation and revenue determination mechanisms. As well as the development of economic analysis tools and their application to contemporary problems and public policies are emphasized. This specialty is considered excellent preparation for the doctorate studies in economics and business administration, as well as postgraduate studies for professional management degrees, including the MBA. Economics students generally recognize the importance of mathematics to their discipline. Undergraduate students planning to pursue doctoral studies in economics or business need the most advanced mathematical training prescribed in this specialty.
Economics Major Degrees Available at UChicago
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Vanderbilt University
Nashville, TN Located in the big city of Nashville, Vanderbilt is a private, non-profit university with a fairly large student population. This school ranks 18th out of 1,727 schools for overall quality in the state of Tennessee. There are approximately 331 undergraduate economics students studying this program at Vanderbilt. Graduates of economics earn about $68,100 in the first two years of work.
Economics Major Degrees Available at Vanderbilt
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Washington
Seattle, Washington The Department of Economics at the University of Washington houses the Center for Economic Policy Research, which conducts research to provide useful empirical information for policymakers. Students who major in Economics at the University of Washington conducts research in areas such as fiscal policy, health policy, economic and commercial development policy, etc.
Economics Major Degrees Available at UW
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Rutgers University
New Jersey, United States Rutgers, New Jersey State University, commonly known as Rutgers University, or UK is an American public research university in New Jersey. It is the largest institution of higher education in New Jersey. The economics major includes core courses in microeconomic theory, macroeconomic theory, and econometrics, complemented by a wide range of elective courses covering many fields. Much emphasis is placed on modern quantitative methods of data analysis combined with rigorous theoretical models. Students can focus their studies on a variety of certification programs, and qualified students can do independent research projects such as a specialization thesis project.
Economics Major Degrees Available at Rutgers University
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Connecticut
Mansfield, Connecticut The University of Connecticut Department of Economics is home to 32 professors, more than 1,100 undergraduate students, and approximately 90 graduate students. In fact, they are proud of the success of their students after graduation. Many of his college graduates have pursued careers in insurance, banking and government, both state and federal. While graduates of his master’s degree pursued his doctorate. program or have distinguished themselves in business and government positions. Many colleges and universities in the region and around the world have faculty members who have earned their doctorates from the Department.
Economics Major Degrees Available at Connecticut
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Dickson College
Carlisle, Pennsylvania At Dickinson, majors in economics learn to think creatively and deeply about some of the most important economic concerns facing the world. There are two specializations supported by the Department of Economics: economics and quantitative economics. The 11-course major in economics explores economics from a variety of traditional and non-traditional theoretical perspectives to address issues of economic efficiency. As well as economic growth, social justice, power, individual freedom, discrimination, cultural values, and environmental destruction.
Economics Major Degrees Available at Dickson College
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Southern California – Santa Cruz
Los Angeles, CA Located in the city of Los Angeles, USC is a private, non-profit university with a fairly large student population. This school ranks 40th out of 1,727 schools for its overall quality in the state of California. The programs offered by the UC Santa Cruz Department of Economics are designed to familiarize students with a wide range of topics studied by economists. Also, the Department of Economics administers four undergraduate majors: economics, business management economics, global economics, and economics / mathematics. The qualification requirements for the main return are the same for all four. All majors in economics must study a substantial core of economic theory and mathematical and statistical methods, and then choose from a wide variety of options at the graduate level. The University of Southern California is a school popular enough to study economics in the United States, surpassing 287 graduates last year. Students who complete this degree report an average early career income of $47,300.
Economics Major Degrees Available at UCSC
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics Major/MinorDoctorate Degree in Economics Major
University of California, Davis
Los Angeles, CA The UC Davis Bachelor of Economics program curriculum includes teaching deductive reasoning and pattern analysis to help understand economic theory, strategies, tactics, policies, and consequences. At the same time, students receive training in modern empirical analysis methods and data that are needed in the business and professional world. Above all, the program aims to teach students how to assess existing economic knowledge and how to collect, develop, and interpret data related to social and business phenomena.
Economics Major Degrees Available at UC Davis
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Florida State University
Tallahassee, FL Florida State University is one of your best options if you want to study economics. Located in the city of Tallahassee, the state of Florida is a public school with a very large student population. Students specializing in economics must also meet the college degree requirements to graduate. The Department of Economics is the largest department of the Faculty of Social Sciences and Public Policy. Specifically, they have 34 full-time professors and an active research program. At the undergraduate level, they offer a major in economics, a major in economics, as well as several specialized study programs. For those interested in something more advanced, the state of Florida also offers 2 different advanced levels in economics, the most popular of which is a master’s degree. Graduating students report an average early career income of $39,300.
Economics Major Degrees Available at FSU
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of California – Riverside
Nashville, TN The UCR specialization in economics offers students a rigorous analytical study of economics with a deep understanding of microeconomic and macroeconomic theory, as well as the theory and application of statistical analysis. Basically, this specialization would be suitable for students planning to pursue graduate studies in economics and would also provide training for students to become practicing economists.
Economics Major Degrees Available at UCR
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
University of Virginia – Main Campus
Charlottesville, VA Located in the small suburb of Charlottesville, the University of Virginia is a public school with a fairly large student population. This university is ranked 33 out of 1,727 universities for its overall quality in the state of Virginia. For those interested in something more advanced, the University of Virginia also offers 2 different advanced levels in economics, the most popular of which is a master’s degree. Graduates of economics earn an average of $59,700 in starting career wages.
Economics Major Degrees Available at UVA
Bachelor’s Degree in Economics MajorMaster’s Degree in Economics MajorDoctorate Degree in Economics Major
Is economics a good major? From a financial standpoint, yes! Not only does it offer an excellent variety of career choices, it’s one of the few arts-related majors with an average post-graduation salary in excess of $100,000 per year. Not exactly, but most of the schools that offer economics majors really do not admit many students. So you have to up your game.Furthermore, Economics is a field that usually requires a PhD degree to be a competitive candidate, and due to the saturated crop of PhD students in Economics. It will be competitive to get a low-paying job, let alone a desirable position. PayScale.com reported that graduates with a Bachelor of Science (BS / BSc) in Economics earned an average annual salary of $70,000 in November 2019. Economics is not a particularly hard major at the undergraduate level. Most colleges do not require you to take a lot of mathematics classes. 15 Jobs for Economics Degree MajorsEconomic ConsultantMarket research analystAuditorFinancial analystConsultantPersonal financial advisorLawyerInvestment bankerEntrepreneurActuaryCredit AnalystPolicy AnalystManagement ConsultantBusiness Reporter Most universities agree that a B.A. in economics makes graduates “real-world ready” immediately. The B.S., with its focus on the sciences behind economics, prepares its graduates for post-graduate study — either a master’s degree or a Ph.
In Conclusion
In this year’s ranking of the best colleges for an economics major, we analyzed 418 colleges and universities offering a bachelor’s degree in the economics major. For this reason, we picked out the 21 best schools for economics majors. In order to select the best, we used our ranking factors to determine the top 21 universities for economics students.
