Business Economics Career Center

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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 2012 survey, are listed here.

Highlights

Entry Level Salaries

The survey asked NABE members about their organization’s educational requirements and starting salary for entry-level economists. Of the 224 responses to this question, 32 percent indicated their firm/organizations required a bachelor’s degree for such positions while 47 percent would require a master’s degree. One out of five respondents indicated that their organizations require entry-level economists to have all but their doctoral dissertations.

The median starting salary for entry-level economists in 2012 (regardless of level of education) was $66,250 – a 14 percent increase from the $58,000 median reported in the 2010 survey report. For those with a bachelor’s degree, median entry-level salary was $50,000 – also a decline from the $58,000 starting salary (identical to the overall entrylevel median) in 2010 for those with an undergraduate degree. But, similar to findings in the previous study, starting salary increases with more advanced degrees. In contrast to results in the 2010 survey, however, those holding a master’s degree commanded a higher starting salary in 2012. The median base starting salary for those with a Ph.D. was $85,000 – unchanged from both the 2010 and the 2008 surveys.

Median Starting Salaries and Academic Requirements
DegreeNumberPercent looking for degreeMedian Starting Salary
Bachelor’s 72 32% $50,000
Master’s 105 47% $60,000
A.B.D. 43 19% $72,000
Ph.D 4 2% $85,000
Total 224   $66,250

 

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

http://EconJobs.org