General Economics

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Total Degrees
Awarded in 2019

34,159

declining 9.55%

Median In-State
Public Tuition

$7,560

growing 2.78%

Median Out-of-State
Private Tuition

$40,400

growing 2.15%

Average Wage

$97,137

growing 1.02%

People in Workforce

3.95M

growing 3.28%

Average Employee Age

43.2

growing 0.0639%

About

The locations with the highest concentration of General Economics degree recipients are New York, NY, Los Angeles, CA, and Madison, WI. The locations with a relatively high number of General Economics degree recipients are Greencastle, IN, Swarthmore, PA, and Easton, PA. 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 California-Los Angeles awards the most degrees in General Economics in the US, but DePauw University and Occidental College have the highest percentage of degrees awarded in General Economics.

Tuition costs for General Economics majors are, on average, $7,560 for in-state public colleges, and $40,400 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 (398 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (22,519 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 (22,519 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.

Tuition Costs for Common Institutions

$7,560

Median In-State Public

$40,400

Median Out of State Private

University of California-Los Angeles has the most General Economics degree recipients, with 590 degrees awarded in 2019.

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

Specialized Colleges

Highest Concentration Institution

Out of all institutions that offer General Economics programs and have at least 5 graduates in those programs, DePauw University has the highest percentage of degrees awarded in General Economics, with 16%.

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.

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.

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 $97,137 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Postsecondary teachers.

The industry that employs the most Social Sciences majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Nonmetallic mineral mining & quarrying.

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.

$97,137

Average Wage in Workforce

± $1,319

1.02%

1 Year Growth

± 1.94%

The average salary for Social Sciences majors is $97,137 and the most common occupations are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Postsecondary teachers.

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

Highest Paying Locations

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

Highest Paying Pumas

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Social Sciences majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Social Sciences majors live and work in the same place, but it is also possible that they live and work in two different places.

Occupations

Most Common

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

The most common occupations Social Sciences majors, by number of employees, are Lawyers, & judges, magistrates, & other judicial workers, Other managers, and Postsecondary teachers.

Most Specialized

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

Compared to other majors, there are an unusually high number of Social Sciences majors working as Economists, Lawyers, & judges, magistrates, & other judicial workers, and Miscellaneous social scientists, including survey researchers & sociologists.

Highest Paid

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

The highest paid occupations by median income for Social Sciences majors are Chief executives & legislators, Securities, commodities, & financial services sales agents, and Physicians.

Occupations by Share

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

3.95M

2019 Workforce

± 48,136

3.28%

1 Year Growth

± 1.68%

The number of Social Sciences graduates in the workforce has been growing at a rate of 3.28%, from 3.82M in 2018 to 3.95M in 2019.

The largest single share of Social Sciences graduates go on to work as Lawyers, & judges, magistrates, & other judicial workers (7.86%). This chart shows the various jobs filled by those with a major in Social Sciences by share of the total number of graduates.

Industries

Most Common

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

The most common industries that employ Social Sciences majors, by number of employees, are Elementary & secondary schools, Legal services, and Colleges, universities & professional schools, including junior colleges.

Highest Paid

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

The highest paying industries of Social Sciences majors, by average wage, are Nonmetallic mineral mining & quarrying, Aerospace products & parts manufacturing, and Household appliance manufacturing.

Industries by Share

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

3.95M

2019 Workforce

± 48,136

3.28%

1 Year Growth

± 1.68%

The number of Social Sciences graduates in the workforce has been growing at a rate of 3.28%, from 3.82M in 2018 to 3.95M in 2019.

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

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.

Diversity

Demographic information for those who earn a degree in Social Sciences in the United States.

The average age of a person in the workforce with a degree in Social Sciences is 43.2.

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 are the most common race/ethnicty group awarded degrees in Social Sciences (16,339 students).

Workforce Age

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

43.2

Average Age in 2019

± 0.165 Years

0.0639%

1 Year Change

± 0.545%

This chart shows distribution of ages for employees with a degree in Social Sciences. The most common ages of employees with this major are 35 and 30 years old, which represent 3.11% and 2.95% of the population, respectively.

Degrees Awarded

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

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.

Gender Imbalance for Common Institutions

Male (67.7%)

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.

Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

White
16,339 degrees awarded
Non-resident Alien
6,550 degrees awarded
Asian
3,813 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.

Race & Ethnicity by Gender

Most Common Race/Ethnicity and Gender Combination

White Male
11,208 degrees awarded
White Female
3,789 degrees awarded
Non-resident Alien Male
3,073 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.

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
47,521 degree recipients
China
39,464 degree recipients
Mexico
32,588 degree recipients

High Relative Number of Students

Belgium
4.19 times more than expected
Eastern Africa, Not Specified
4.02 times more than expected
Kazakhstan
4 times more than expected

There are a relatively high number of people that were born in Belgium that hold Social Sciences degrees (4.19 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 (47,521 degree recipients).

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 Programming.

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, Mathematics, and Writing are the three most important skills for people in the field.