Business Economics Career Center
Below are links to profiles of some of our members, who work in diverse fields in organizations around the world. Find out how they got started in their careers, and check out some of the other features of the website that can help you in your career.
Profiles of people who use economics in their work
Salary Survey Highlights
NABE conducts a biennial salary survey. While the full results are for members only, entry level salary information, and highlights from the 2014 survey, are listed here.
The median base salary of National Association for Business Economics (NABE) members as of April 2014 was $130,000—a 7.4 percent increase from 2012. The mean (average) base salary was $145,169—an increase of 4.4 percent from that reported in 2012.
Both median base salary and additional compensation rise with years of experience, but the rise is not consistent. Base salaries peak for those with 30 or more years of experience but these respondents' total compensation is nearly identical with that of respondents having 20 to 30 years of experience.
Nearly two-thirds of survey respondents indicated that they received additional gross compensation in addition to their base salary. Of those who did, the median additional compensation was $29,521.
Median starting salaries ranged from $32,500 to $87,500, depending on level of education.
Compensation by Years of Experience
As might be expected, there is generally a direct correlation between experience and income. Income for those NABE members who have a year or less experience garnered the lowest median base salary—$58,000; those with 30 or more years reported the highest ($165,000). Base salary tends to rise steadily with years of experience until the 20-to-24- year mark. Data show that median base salary then declines slightly before increasing again. Those survey respondents with 25 to 29 years of work experience reported the largest amount of additional gross compensation. In fact, there was almost no difference in total compensation medians for workers with 20 to 24, 25 to 29, or 30 to 34 years of work experience.
Compensation by Education
The educational level of respondents to the various NABE salary surveys has been fairly stable, with the share of respondents reporting an advanced degree (higher than a bachelor’s) remaining in the 90-94 percent range for the past eight surveys. That pattern has continued in the current survey, as 91 percent of survey participants indicated they hold some sort of post-graduate degree. Perhaps not surprisingly, those NABE members with more advanced degrees command higher compensation, and with each additional advanced degree, median base salary rises. Respondents with PhDs received a median base salary higher than that of all other respondents—those with a bachelor’s degree, a master’s or an MBA, or an ABD (all but dissertation). Those with ABDs earned almost twice the median base salary of those with just an undergraduate degree ($137,500 vs. $71,400). Undergraduate and ABD degree holders saw their median base salaries decline from two years ago. For those with just a bachelor’s degree, the decline was small—about one percent. But the median base salary of ABD holders decreased by 13 percent. All other categories reported increased base salaries. Those with an undergraduate or ABD also earned less additional gross compensation than did others with post-graduate degrees. Holding an MBA seems to have more potential in terms of earning additional gross compensation, with MBAs garnering a median of $50,000 in additional gross compensation.
BLS Occupational Outlook Handbook
For more information on the profession, visit the website of the Bureau of Labor Statistics to review the Occupational Outlook Handbook.
Visit the NABE Job center at