General Economics

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Total Degrees
Awarded in 2016

40,744

growing 2.27%

Median In-State
Public Tuition

$6,893

growing 4.2%

Median Out-of-State
Private Tuition

$37,400

growing 3.29%

Average Wage

$93,738

growing 3.67%

People in Workforce

3.68M

growing 1.39%

Average Employee Age

growing 0.39%

About

Institutions

Employment

Diversity

Skills

About

The locations with the highest concentration of General Economics degree recipients are New York, NY, Los Angeles, CA, and San Diego, CA. The locations with a relatively high number of General Economics degree recipients are Easton, PA, Granville, OH, and Sewanee, TN. The most common degree awarded to students studying General Economics is a bachelors degree.

Photo by The.Comedian

Social Sciences Economics

Institutions

Information about the types of higher education institutions that grant degrees in General Economics and the types of students that study this field. University of Wisconsin-Madison awards the most degrees in General Economics in the US, but Claremont McKenna College and Lafayette College have the highest percentage of degrees awarded in General Economics.

Tuition costs for General Economics majors are, on average, $6,893 for in-state public colleges, and $37,400 for out of state private colleges.

The most common sector, by number of institutions, that offers General Economics programs are Private not-for-profit, 4-year or above institutions (417 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (24,133 completions).

Institutions

Institution with the Most Degrees Awarded in General Economics

The most common sector, by number of degrees awarded in General Economics, is Public, 4-year or above (24,133 completions).

The following chart shows the share of universities that offer General Economics programs, by the total number of completions, colored and grouped by their sector.

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Tuition Costs for Common Institutions

$6,893

Median In-State Public

$37,400

Median Out of State Private

University of Wisconsin-Madison has the most General Economics degree recipients, with 647 degrees awarded in 2016.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in General Economics.

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Specialized Colleges

Highest Concentration Institution

Out of all institutions that offer General Economics programs and have at least 5 graduates in those programs, Claremont McKenna College and Lafayette College have the highest percentage of degrees awarded in General Economics, with 22.1% and 17.3%, respectively.

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Degrees Awarded by County

Counties with the Most Degrees Awarded in General Economics

This map shows the counties in the United States colored by the highest number of degrees awarded in General Economics by year.

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Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

This map shows the counties in the United States colored by the highest growth in degrees awarded for General Economics.

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Employment

Information on the businesses and industries that employ Social Sciences graduates and on wages and locations for those in the field.

The average salary for Social Sciences majors is $93,738 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Miscellaneous managers, and Elementary & middle school teachers.

The industry that employs the most Social Sciences majors is Legal services, though the highest paying industry, by average wage, is Miscellaneous nonmetallic mineral product manufacturing.

Wages

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

$93,738

Average Wage in Workforce

± $1,346

3.67%

1 Year Growth

± 1.97%

This chart shows the average annual salaries of the most common occupations for Social Sciences majors.

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± 46,515

1.39%

1 Year Growth

± 1.77%

The number of Social Sciences graduates in the workforce has been growing at a rate of 1.39%, from 3.63M in 2016 to 3.68M in 2017.

The industry which employs the most Social Sciences graduates by share is Legal services, followed by Elementary & secondary schools. This visualization shows the industries that hire those who major in Social Sciences.

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Specialty Locations

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

PUMAS with a relatively high number of Social Sciences majors

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Social Sciences majors.

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Diversity

Demographic information on those who earn a degree in Social Sciences in the US. The average age of a person in the workforce with a degree in Social Sciences is 43, and the most common degree type these workers hold is a Bachelors Degree. Male employees are more likely to hold Social Sciences degrees, and White students earn the majority (19,130) of the degrees.

Workforce Age

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

Average Age in 2017

± 0.171 Years

0.39%

1 Year Change

± 0.562%

This chart shows distribution of ages for employees with a degree in Social Sciences. The most common ages of employees with this major are 30 and 29 years old, which represent 2.96% and 2.95% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in General Economics are Bachelors Degree, Masters Degree, and Research Doctorate.

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Workforce Degrees

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

The most common degree types held by the working population in Social Sciences are Bachelors Degree, Masters Degree, and Professional degree.

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Gender Imbalance for Common Institutions

Male (67.3%)

Most Common Gender with a Degree in this Field

This chart shows the granted degrees by gender at the 5 institutions that graduate the most students in General Economics.

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

White
19,130 degrees awarded
Non-resident Alien
9,202 degrees awarded
Asian
4,726 degrees awarded

This chart shows the number of degrees awarded in General Economics for each race & ethnicity. White students earned the largest share of the degrees with this major.

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Race & Ethnicity by Gender

Most Common Race/Ethnicity and Gender Combination

White Male
13,411 degrees awarded
White Female
4,416 degrees awarded
Non-resident Alien Male
3,782 degrees awarded

This chart illustrates the differences by gender for each race & ethnicity of Bachelors Degree recipients in General Economics. White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and gender.

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Global Diversity

The closest comparable data for the 6 Digit Course General Economics is from the 2 Digit Course Social Sciences.

Most Common Countries of Origin

India
44,245 degree recipients
China
39,969 degree recipients
Korea
28,475 degree recipients

High Relative Number of Students

Singapore
5.67 times more than expected
Azerbaijan
4.89 times more than expected
Czechoslovakia
4.85 times more than expected

There are a relatively high number of people that were born in Singapore that hold Social Sciences degrees (5.67 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (44,245 degree recipients).

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Skills

Data on the critical and distinctive skills necessary for those working in the General Economics field from the Bureau of Labor Statistics. General Economics majors need many skills, but most especially Reading Comprehension. The revealed comparative advantage (RCA) shows that General Economics majors need more than the average amount of Management of Financial Resources, Mathematics, and Systems Analysis.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for General Economics majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Management of Financial Resources is very distinctive for majors, but the Reading Comprehension, Judgment and Decision Making, and Active Listening are the three most important skills for people in the field.