Why study economics?
A career in Economics…it's much more than you think from American Economic Association on Vimeo.
Look at the American Economics Association’s website for what careers follow after an economics degree, career earnings, and more…
Or, check out this site sponsored by the Royal Economic Society. Here you will find, among many other things, what you can expect to earn (in the UK) with a Bachelor’s degree in Economics:
Most lucrative degrees, 10 years on (UK data):
Degree Women’s salaries Men’s salaries Medicine £45,400 £55,300 Economics £38,200 £42,000 Engineering and technology £23,200 £31,200 Law £26,200 £30,100 Physical Sciences £24,800 £29,800 Education £24,400 £29,600 Architecture £22,500 £28,600 Maths and Computer science £22,000 £26,800 Business £22,000 £26,500 History and philosophy £23,200 £26,500 Social sciences £20,500 £26,200 Biological sciences £23,800 £25,200 European languages and literature £26,400 £25,000 Linguistics and classics £23,200 £24,100 Veterinary and agriculture £18,900 £21,400 Mass communication £18,100 £19,300 Creative arts £14,500 £17,900 Base: Median annual salary Source: IFS and BBC
It is also interesting to note that it is estimated that around 12% of male economics graduates earned above £100,000 some ten years after graduation; by contrast, 6% of those studying medicine or law earned more than £100,000. In terms of females, it is estimated that around 9% of economics graduates earned above £100,000 some ten years after graduation; by contrast, just 1% of those studying medicine and 3% of those studying law did so (Institute for Fiscal Studies).
And a recent The Economist article shows that
Subjects which include some element of maths are well-rewarded. Our analysis finds that the five fields with the highest salaries are medicine, veterinary science, economics, engineering and mathematics.