Master's · earnings grade

Is a Economics degree worth it?

Graduates earn a median $64,290 two years after finishing, more than 60% of master's majors. Measured across 251 US programmes by the Department of Education — real graduate pay, not survey answers.

C

The verdict on the money

It pays around the middle. What you earn will depend more on where you study and what you do with it than on the subject label.

Median earnings $64,290 2 years after finishing
Typical range $57,318–$70,596 middle half of US programmes
Over no degree +$24,770 vs $39,520 high-school median
Graduates a year 5,317 251 programmes

Where a Economics degree pays best US programmes ranked on their own graduates' median earnings two years out.

#University1 yr out2 yrs out3 yrs outGraduates/yr
1 Johns Hopkins University cost & debt at this university → $95,401 $91,448 $106,834 393
2 Colorado School of Mines cost & debt at this university → $94,804 $80,336 not published 30
3 New York University cost & debt at this university → not published $78,343 not published 190
4 Duke University cost & debt at this university → not published $76,460 $104,348 87
5 University of Nebraska at Omaha cost & debt at this university → not published $76,460 not published 13
6 University of Colorado Denver/Anschutz Medical Campus not published $74,576 not published 5
7 Fordham University cost & debt at this university → not published $73,446 not published 22
8 Georgetown University $68,695 $70,596 $85,355 64
9 Florida State University cost & debt at this university → $56,902 $69,338 not published 23
10 American University $62,457 $69,338 $93,099 50
11 University of San Francisco cost & debt at this university → $58,064 $67,660 $78,626 45
12 DePaul University cost & debt at this university → $73,992 $66,077 $75,492 13

What this figure does and does not tell you

It is the median of what real graduates of this exact major earned, taken from tax records two years after they completed. It is not a starting salary, not an average of job adverts, and not a projection. The median master's major in this dataset reports $54,713, so Economics sits above the middle by $9,577.

Two years is early in a career. Fields with long training pipelines — medicine, law, research — look weaker at this point than they will at ten, while trades and applied technical fields peak sooner. Read a low figure in a long-pipeline subject as "slow start", not "bad degree".

There is no debt figure here on purpose. The Department of Education publishes earnings by field of study but not borrowing, so nobody can honestly tell you the debt of a specific major. Debt is published per institution — that is where our university cost pages carry it.

Economics at other levels

Scholarships for Economics students

Whatever the subject pays, the money you do not borrow is the money you keep.

See all Economics scholarships →

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We may earn a commission if you take a loan through a provider here. It never changes the earnings figures on this page — those come from the US Department of Education.

Economics: the questions people ask

How much do Economics graduates earn?
The median master's graduate earns $64,290 two years after finishing, across 28 US programmes that publish the figure. One year out it is $63,388.
Is a Economics degree worth it?
It pays around the middle. What you earn will depend more on where you study and what you do with it than on the subject label. The median graduate earns $24,770 a year more than a US worker whose highest qualification is a high-school diploma.
What is the salary range for Economics?
Half of US programmes report medians between $57,318 and $70,596. Where you study moves this figure more than most applicants expect.
How many people graduate in Economics each year?
About 5,317 students complete a master's in this field each year across 251 US programmes.
Does this include student debt?
No — and deliberately. The Department of Education publishes earnings by field of study but not debt, so any "debt by major" figure you see elsewhere is an estimate. Debt is published per institution, which is why our university pages carry it and this page does not.

Source: US Department of Education College Scorecard, field-of-study earnings (median earnings of graduates who received federal financial aid, measured 1–3 years after completion). Figures are per major and credential level, pooled across US programmes. Information only, not financial advice.