At California State University, Bakersfield the economics major will receive extensive training. The economics major will learn to collect and analyze data, perform quantitative and qualitative analysis, conduct research, monitor economic trends, develop forecasts, estimate demand, perform market analysis.... At CSUB we are concerned with practical applications of micro and macroeconomic theory. The training received by economics majors is reflected in the high salaries that are earned by economists.

The high salaries earned by economics majors is just one of many reasons to major in economics.

Earnings

Median annual wage and salary earnings of economists were $68,550 in 2002. The middle 50 percent earned between $50,560 and $90,710. The lowest 10 percent earned less than $38,690, and the highest 10 percent earned more than $120,440.

The Federal Government recognizes education and experience in certifying applicants for entry-level positions. The entrance salary for economists having a bachelor’s degree was about $23,442 a year in 2003; however, those with superior academic records could begin at $29,037. Those having a master’s degree could qualify for positions at an annual salary of $35,519. Those with a Ph.D. could begin at $42,976, while some individuals with experience and an advanced degree could start at $51,508. Starting salaries were slightly higher in selected areas where the prevailing local pay was higher. The average annual salary for economists employed by the Federal Government was $81,852 a year in 2003.