Economics develops students’ analytical and quantitative skills, preparing them for careers in a variety of fields. Not only does economics provide students with flexibility when choosing a career, it also gives students the skills to help them succeed in whichever field they choose. Below are links that provide further information about the benefits of studying economics.
Starting and Midcareer Salaries
Economics majors have average starting and midcareer salaries greater than all business and other social science majors.
The GMAT is the standardized test that must be taken before being admitted to graduate-level business school (M.B.A.). Out of about 40 majors, economics majors on average have the sixth highest score on the GMAT, outperforming all business fields.
The LSAT is the standardized test that must be taken before being admitted to law school (J.D.). On average, economics majors are consistently in the top three highest scoring fields.
The GRE is the standardized test that must be taken before being admitted to graduate degrees in economics, math, political science, public policy, etc. On average, economics majors score very high relative to other majors.