Economics: Career Potential
The Department of Economics at Hofstra University prepares its graduates for success in academic, corporate, government, and non-profit jobs. Among 2015-2016 Hofstra graduates who majored in economics, 100% of survey respondents reported that within one year of graduation they were employed and/or attending or planning to attend graduate school. Among those Hofstra graduates who majored in social sciences and who reported salary, the median annual self-reported salary was $47,000.
Some examples of places where our recent alumni are employed are:
- Royal Bank of Canada
- Permanent Mission of Sri Lanka to the United Nations
- Yankee Institute for Public Policy
- Chimera Securities
- First Indemnity of America Insurance Company, Inc.
- Foresters Financial
- Horizon Healthcare Staffing
- JP Morgan Chase & Co
- Meadowbrook Financial Mortgage Bankers
- NYC Housing Authority
- Sack's and Sack's, LLP
- Wells Fargo
Some examples of institutions where our alumni are pursuing graduate studies are:
- Columbia University
- Stanford University
- University of Michigan
- Georgetown University
- Hofstra University
- Marist College
- Northeastern University
- St. John's University
According to the United States Department of Labor, employment for economists is projected to grow six percent between 2014 and 2024 and the median income for economists was reported as $101,050 in May 2016. (see 2016-2017 U.S. Department of Labor, Occupational Outlook Handbook).
Outcomes are based on the 65% of 2015-2016 HCLAS undergraduate degree recipients who responded to a survey or for whom data was gathered from LinkedIn within one year of graduation, not the total number of graduates, and may not be representative of the total graduating population. The career outcomes rate includes those employed (full-time or part-time) and not employed but attending graduate school (full-time or part-time) next semester.
All data must meet a test of data integrity. The average salary reported is determined by the level at which data may be deemed reliable (University-wide, school, division or department).
Salary data is self-reported voluntarily by graduates and is based upon a 36% response rate for graduates. Salary figures vary from year-to-year based upon a number of factors, including, but not limited to, market conditions as well as the number of graduates reporting salary information to us. In addition, please note that these figures are based solely on information that is self-reported to us by our graduates, and the salary data provided is based on the accuracy and completeness of the information provided by our graduates to us. Salary figures only include annual base salary. They do not include bonus, commission or any other guaranteed compensation.