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- Median mid-career pay: $98,500
- Median starting salary: $52,100
"Economics majors tend to pursue business and finance-related fields," says Brooks. "Banking and finance are in the top of the salary strata."
While econ majors do land high-paying jobs with banks and other financial institutions, the degree is also frequently used to establish careers in law, consulting, education, research, government, nonprofit and public policy work, according to the American Economic Association.
Brooks says how much you make corresponds more with your career field than your major. For example, an economics major who goes into nonprofit work may earn less than a liberal arts major who enters the financial sector. When choosing a major, Brooks encourages students to think about their desired career field and how well skills developed in a given major might parlay into different occupations.
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