Why Major in Economics?
The economics major is intended for students who:
- Want to a framework to critically analyze contemporary economic problems and to formulate policy solutions to address those problems.
- Want to acquire quantitative skills that are desired by employers and graduate programs, particularly in economics, finance, public policy, and law.
For more information about the study of economics, visit the American Economic Association's website devoted to undergraduate and graduate studies in economics.
Why Major in Economics at Goucher?
Click here to read about what a former major had to say about studying Economics at
Interested in a career in Economics?
Check out this video from the American Economic Association.
Economics majors are successful in a wide variety of careers. Although various roles in businesses are most common, economics majors are successful in law, medicine, government, non-profits, and international relations, as well as in academic roles.
Payscale.com reports its survey of people with Baccalaureate degrees (and no more) who are employed full time, showing starting salaries (typically with two-years of experience) and mid-career annual earnings. Here are selected occupations for the 2017-18 report.
|Rank||Major||Degree Type||Early Career Pay||Mid-Career Pay||% High Meaning|
|7||Economics and Mathematics||Bachelor's||$60,000||$122,900||36%|
|10||Electrical Power Engineering||Bachelor's||$68,600||$119,100||70%|
For more information about career paths and earnings, visit the American Economic Association's career website here.