Average business economics major salary

Updated September 14, 2023

$72,447

$38,00010%

$72,447Median

$137,00090%

What is the average business economics major salary in the US?

Business economics major graduates in the US make on average $72,447 annually or $34.83 hourly.Those in the bottom 10 percent make under $38,000 a year, and the top 10 percent make over $137,000.retail companies and professional companies have the most job opportunities for business economics major graduates.New York, New Jersey, Connecticut, Massachusetts, and California are some of the states with the best salaries for business economics major graduates in the US.

Best paying cities

$88,455

$84,765

$81,220

Average business economics salary by company

In every industry, there is a range of salaries that a business economics major graduate makes.Most jobs for business economics majors are in retail companies and retail companies.The two companies that report the highest salaries for business economics major graduates are Meta and Google.In addition, companies like Apple and Microsoft report highly competitive salaries for business economics majors.

Average salary by company

Rank	Company	Zippia score	Average business economics salary
1	1.Meta	4.8	$123,873
2	2.Google	4.8	$116,965
3	3.Apple	4.8	$116,115
4	4.Microsoft	4.8	$111,749
5	5.McKinsey & Company Inc	4.6	$109,162
6	6.Citi	4.6	$102,149
7	7.General Motors	4.6	$99,576
8	8.Morgan Stanley	4.6	$92,611
9	9.Crown Castle International	4.5	$90,699
10	10.Merrill Lynch	4.9	$90,656
11	11.JPMorgan Chase & Co.	4.8	$90,641
12	12.Proofpoint	4.7	$87,688
13	13.Acxiom	4.7	$86,556
14	14.Avanade	4.5	$86,460
15	15.Houlihan Lokey	4.9	$85,971
16	16.Veeva Systems	4.5	$85,487
17	17.Fisher Investments	3.9	$85,369
18	18.Booz Allen Hamilton	4.9	$85,241
19	19.QuintilesIMS	4.7	$84,387
20	20.Amazon	4.7	$84,275

Average business economics major salary by city

The national average salary for a business economics major graduate in the United States is $72,447 per year or $34.83 per hour.The city with the highest salaries for business economics major graduates is New York, NY at $88,455 per year.Even entry-level jobs for business economics majors have an average salary of $49,000 per year in New York, NY.San Francisco, CA, Washington, DC, Hartford, CT, Boston, MA, Seattle, WA, and Arlington, VA are the best cities for business economics major graduates looking for a higher than average salary.New York, New Jersey, Connecticut, Massachusetts, and California are the highest paying states.Arkansas, Montana, Wyoming, Oklahoma, and Mississippi are at the bottom for competitive pay.

Average salary by location

Rank	City	Average business economics salary	Salary range
1	New York, NY	$88,455	$46k $120k
2	San Francisco, CA	$84,765	$46k $120k
3	Washington, DC	$81,220	$46k $120k
4	Hartford, CT	$80,002	$46k $120k
5	Boston, MA	$79,979	$46k $120k
6	Seattle, WA	$76,314	$46k $120k
7	Arlington, VA	$74,812	$46k $120k
8	Philadelphia, PA	$72,921	$46k $120k
9	Baltimore, MD	$72,262	$46k $120k
10	Albany, OR	$70,618	$46k $120k
11	Raleigh, NC	$69,194	$46k $120k
12	Detroit, MI	$69,192	$46k $120k
13	Chicago, IL	$68,498	$46k $120k
14	Portland, ME	$68,417	$46k $120k
15	Cleveland, OH	$67,619	$46k $120k
16	San Antonio, TX	$67,466	$46k $120k
17	Las Vegas, NV	$67,453	$46k $120k
18	Saint Paul, MN	$66,456	$46k $120k
19	Phoenix, AZ	$65,676	$46k $120k
20	Milwaukee, WI	$64,816	$46k $120k

Average business economics major salary by state

The darker areas on the map show where business economics majors earn the highest salaries across all 50 states.

Average salary

Business economics major average salary by state

State	Average business economics major salary	Average hourly rate
New York	$88,212	$42.41
New Jersey	$80,716	$38.81
Connecticut	$80,199	$38.56
Massachusetts	$80,032	$38.48
California	$79,291	$38.12
Washington	$75,856	$36.47
Delaware	$75,813	$36.45
Rhode Island	$74,679	$35.90
Virginia	$73,558	$35.36
New Hampshire	$72,769	$34.99
Pennsylvania	$72,483	$34.85
Maryland	$72,017	$34.62
Oregon	$70,220	$33.76
Michigan	$68,893	$33.12
Illinois	$68,112	$32.75
North Carolina	$68,087	$32.73
Nevada	$67,952	$32.67
Maine	$67,823	$32.61
Vermont	$67,785	$32.59
Texas	$66,801	$32.12
Minnesota	$66,411	$31.93
West Virginia	$66,206	$31.83
Ohio	$66,101	$31.78
Arizona	$65,540	$31.51
Wisconsin	$64,600	$31.06
Georgia	$63,579	$30.57
Colorado	$63,355	$30.46
Alaska	$63,199	$30.38
Indiana	$63,088	$30.33
Kentucky	$62,484	$30.04
North Dakota	$61,831	$29.73
South Carolina	$61,698	$29.66
New Mexico	$61,342	$29.49
Missouri	$61,311	$29.48
Idaho	$60,875	$29.27
Louisiana	$60,800	$29.23
Tennessee	$60,677	$29.17
Utah	$60,411	$29.04
Iowa	$59,822	$28.76
Kansas	$59,570	$28.64
Alabama	$59,530	$28.62
Florida	$59,517	$28.61
South Dakota	$58,724	$28.23
Nebraska	$58,191	$27.98
Arkansas	$58,006	$27.89
Montana	$57,901	$27.84
Wyoming	$57,333	$27.56
Oklahoma	$56,709	$27.26
Mississippi	$56,567	$27.20
Hawaii	$56,186	$27.01

Highest paying jobs for business economics majors

Rank	Job title	Average salary	Open jobs
1	Senior Sales Executive	$110,808	168,737
2	Economist	$109,102	1,029
3	Data Scientist	$106,104	106,973
4	Software Engineer	$100,259	339,938
5	Management Consultant	$99,360	153,045
6	Adjunct Professor	$98,820	22,488
7	Senior Business Analyst	$96,843	129,426
8	Functional Analyst	$96,840	52,085
9	Senior Data Analyst-	$91,584	138,316
10	Trader	$90,178	17,351
11	Actuary	$88,254	13,566
12	Software Developer	$87,521	294,329
13	Project Consultant	$86,653	113,013
14	Senior Analyst	$84,799	159,807
15	Securities Analyst	$84,334	33,422
16	Senior Account Executive	$84,118	173,383
17	Senior Finance Analyst	$83,222	117,609
18	Quality Assurance Engineer	$82,214	243,536
19	Economic Consultant	$81,766	75,508
20	Risk Analyst	$81,483	71,284

Salary history for business economics major graduates

This data shows the national average salary between 2011-2020 among Business Economics major graduates.

Business economics major salary by experience level

Average salary by experience level salaries by experience level

The salary for a business economics major graduate can range from $39,092 to $167,060 depending on the amount of work experience that the person has. Data on how experience level affects salary is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Experience level	Avg. salary	Hourly rate
Entry-level average salary by experience level	$39,100	$18.79
Mid-level average salary by experience level	$69,300	$33.33
Senior-level average salary by experience level	$167,000	$80.32

Salaries for related majors

Rank	Major	Average salary	Range
1	Project Management	$92,381	$30k $114k
2	General Sales	$84,359	$30k $114k
3	Management Information Systems	$81,267	$30k $114k
4	Construction Management	$78,318	$30k $114k
5	Operations Management	$76,805	$30k $114k
6	Small Business Management	$70,935	$30k $114k
7	Management Science	$68,844	$30k $114k
8	Finance	$67,829	$30k $114k
9	Supply Chain Management	$61,407	$30k $114k
10	International Business	$58,124	$30k $114k
11	Human Resources Management	$57,738	$30k $114k
12	Real Estate	$56,531	$30k $114k
13	Management	$56,332	$30k $114k
14	Marketing	$56,295	$30k $114k
15	Accounting	$54,425	$30k $114k
16	Business	$50,670	$30k $114k
17	Specialized Sales And Merchandising	$48,480	$30k $114k
18	Business Communications	$44,181	$30k $114k
19	Hospitality Management	$43,446	$30k $114k
20	Secretarial And Administrative Science	$36,615	$30k $114k