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A bachelor's degree in economics is enough for an entry-level position, but high-earning jobs in competitive industries may require a master's degree in finance or business administration. ing to the BLS, average salaries vary widely depending on the industry.
You are likely to require an undergraduate degree in economics or a related subject, such as statistics, mathematics, business studies or finance and accounting. Some employers may require you to hold a postgraduate master's degree in economics. Find out what the entry requirements are where you live.
The average economist salary in Texas is $91,904 per year or $44.18 per hour. Entry level positions start at $61,000 per year while most experienced workers make up to $157,700 per year.
Yes, economists typically make a lot of money. While there is a wide range of roles with different salary levels, most economists make at least $100,000 in a year.
Last updated on September 6, 20231, the BLS reports that the number of positions for economists from 2022 through 2032 is expected to grow at a rate of 6% over the decade. This is roughly twice as fast as the economy-wide average; the BLS states that ?The average growth rate for all occupations is 3 percent?.
How much does an Economics Degree make in Texas? As of , the average annual pay for the Economics Degree jobs category in Texas is $98,148 a year. Just in case you need a simple salary calculator, that works out to be approximately $47.19 an hour. This is the equivalent of $1,887/week or $8,179/month.
Economics-related roles tend to offer high-paying salaries to those with a relevant degree. Economics-related roles fall within the business and finance sectors. In 2021, the BLS reported that occupations within this category pay a national average salary of $76,570 annually.
On average, economics majors earn $72,055 per year just 4 years after graduating ing to the National Center for Education Statistics. That's 41% more than the national average for all people with a bachelor's degree ($51,088).