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Economics: Career Potential

The Department of Economics at Hofstra University prepares its graduates for success in academic, corporate, government, and non-profit jobs. Among 2017-2018 Hofstra graduates who majored in economics, 90% of survey respondents reported that within a year they were employed and/or attending or planning to attend graduate school. Among those who accepted a job, 100% did so within three months of graduation. Of those who reported salary, the median annual self-reported salary was $42,000.

Some examples of places where our recent alumni are employed are:

  • Altice USA, Inc.
  • Chase Bank
  • Empire Financial Partners of New York
  • Foresters Financial
  • Goldman Sachs Group, Inc.
  • NYC Housing Authority
  • Prudential Financial, Inc.
  • Royal Bank of Canada Wealth Management
  • Wells Fargo & Co
  • YMCA of Greater New York

Some examples of institutions where our alumni are pursuing graduate studies are:

  • Brown University
  • Columbia University
  • Erasmus University Rotterdam
  • George Mason University
  • Hofstra University
  • Johns Hopkins University
  • New York University
  • Northeastern Law School
  • University of California, Los Angeles
  • Washington and Lee University

According to the United States Department of Labor, employment for economists is projected to grow eight percent between 2018 and 2028 and the median income for economists was reported as $104,340 in 2018. (see U.S. Department of Labor, Occupational Outlook Handbook).

Alumni outcomes data is based on the results of Hofstra’s annual Alumni Outcomes Survey and other reliable sources. Of the 1,508 undergraduate students who graduated between August 2017-May 2018, data was collected via surveys and other reliable sources resulting in knowledge about the outcomes for 83% of the 17-18 undergraduate alumni. Salary data is self-reported voluntarily by students and are based upon a 45% response rate for full-time employed undergraduate survey respondents. Salary figures only include annual base salary. They do not include bonus, commission or any other guaranteed compensation.

See alumni outcome reports in their entirety.

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