Business/managerial economics salary

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Business/Managerial Economics at Loyola University Chicago

Every business/managerial economics school has its own distinct culture and strengths. We've pulled together some statistics and other details to help you see how the managerial economics program at Loyola University Chicagostacks up to those at other schools.

Loyola Chicago is located in Chicago, Illinois and approximately 17,007 students attend the school each year. In the 2018-2019 academic year, 45 students received a bachelor's degree in managerial economics from Loyola Chicago.

Want to know more about the career opportunities in this field? Check out the Careers in Business/Managerial Economics section at the bottom of this page.

Loyola Chicago Business/Managerial Economics Degrees Available

  • Bachelor’s Degree in Managerial Economics

Loyola Chicago Business/Managerial Economics Rankings

The following rankings from College Factual show how the managerial economics progam at Loyola Chicago compares to programs at other colleges and universities.

Note: While rankings may be a good starting point when you're researching a school, they don't necessarily highlight all of a school's strengths. Don't forget to check out the other details that are available for a school to see if it has what you're looking for in a program.

Bachelor’s Degree Overall Quality & Other Notable Rankings

The managerial economics major at Loyola Chicago is not ranked on College Factual’s Best Colleges and Universities for Business/Managerial Economics. This could be for a number of reasons, such as not having enough data on the major or school to make an accurate assessment of its quality.

Ranking TypeRank
Most Focused Business/Managerial Economics Schools63

How Much Do Managerial Economics Graduates from Loyola Chicago Make?

The median salary of managerial economics students who receive their bachelor's degree at Loyola Chicago is $54,400. This is 23% higher than $44,300, which is the national average for all managerial economics bachelor's degree recipients.

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Managerial Economics Student Demographics at Loyola Chicago

Take a look at the following statistics related to the make-up of the managerial economics majors at Loyola University Chicago.

Loyola Chicago Business/Managerial Economics Bachelor’s Program

29%Racial-Ethnic Minorities*
The managerial economics program at Loyola Chicago awarded 45 bachelor's degrees in 2018-2019. About 69% of these degrees went to men with the other 31% going to women.Loyola Chicago Gender Breakdown of Business/Managerial Economics Bachelor's Degree Grads

About 53% of those who receive a bachelor's degree in managerial economics at Loyola Chicago are white. This is typical for this degree on the nationwide level.

The following table and chart show the race/ethnicity for students who recently graduated from Loyola University Chicago with a bachelor's in managerial economics.

Racial-Ethnic Diversity of Business/Managerial Economics Majors at Loyola University Chicago
Race/EthnicityNumber of Students
Asian4
Black or African American2
Hispanic or Latino6
White24
International Students7
Other Races/Ethnicities2

Loyola Chicago also has a doctoral program available in managerial economics. In 2019, 0 student graduated with a doctor's degree in this field.

Concentrations Within Business/Managerial Economics

If you plan to be a managerial economics major, you may want to focus your studies on one of the following concentrations. The table shows all degrees awarded in this field awarded for all degree levels at Loyola University Chicago. A concentration may not be available for your level.

Related Majors

Careers That Managerial Economics Grads May Go Into

A degree in managerial economics can lead to the following careers. Since job numbers and average salaries can vary by geographic location, we have only included the numbers for IL, the home state for Loyola University Chicago.

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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What Can I Do With a Managerial Economics Major?

Some people don’t realize that UC Davis has a business major. But we do, it’s just filed under the letter “M” for “managerial economics.” Our students take coursework in marketing, finance, management, agribusiness, international business, business law, quantitative analysis and more.

So why do we call our business major “managerial economics?” I don’t know, why do UC Davis students ride to campus on vintage red double-decker buses imported from London? Because … well, it’s a long story.

But “man econ” (as it’s known) is a dynamic degree that prepares students for a variety of careers in business and beyond. Our students learn how to apply microeconomic theory to solve real-world problems in the realm of business.

Managerial economics offers broad range of careers

There’s a reason why managerial economics is one of the most popular majors on campus. Jobs. Students with a managerial economics degree can pursue careers in banking, finance, marketing, accounting, international management consulting, environmental policy, sustainability consulting, food production and distribution, and agricultural policy.

And the networking! Each year, managerial economics graduates come back to UC Davis and tell current students what they do all day in the world of work. They share stories of how they got their first job or internship with employers such as Intel, Facebook, FTI Consulting, PG&E, LinkedIn, Deloitte, Oracle and Mission Produce.

Last year our alumni gave us these stories:

  • Kayla described a two-year finance rotation program she’s doing with ServiceNow, which provides her with an opportunity to sample accounting, financial planning, sales, product development and other areas before she decides which direction to pursue.
  • Ashkun told students that he first worked in investment banking, then earned an MBA and transitioned to using business models to drive positive social change for the underserved at EcoMedia.
  • Tiffany, who now works at Accenture as a management consulting analyst, noted that she completed several internships during her undergraduate years, including stints at Barclays Investment Bank, Deloitte and Merrill Lynch.
  • Lynda, a co-founder of our career day, has taken multiple companies public during her 30-year career. She shared insights about entrepreneurship and human resources.

Our man econ undergraduates pay close attention to the experiences of their fellow Aggies. They listen to words of wisdom from alumni such as Naeem Ishaq, who graduated from UC Davis in 2001 and has risen to become chief financial officer of Boxed Wholesale, a multimillion-dollar, online warehouse shopping startup. At one career day, Naeem told students:

“Hopefully, you can see that your career is not a linear path. It goes up, down, and sideways. Early in your career, it’s good to take risks and explore.”

“Hopefully, you can see that your career is not a linear path. It goes up, down, and sideways. Early in your career, it’s good to take risks and explore.”

Managerial economics vs. economics

What’s the difference between a managerial economics major and economics major?

The short answer — managerial economics is more applied; economics is more theoretical.

Managerial economics majors are awarded a Bachelor of Science degree by the College of Agricultural and Environmental Sciences. Economics majors earn a Bachelor of Arts degree from the College of Letters and Sciences. Although managerial economics and economics are grounded in economics coursework, managerial economics requires more units of calculus and statistics, as well as an introductory computer science course and introductory accounting.

Four areas of emphasis in managerial econ

Our major offers four diverse emphases to choose from:

  • Business economics: focuses on analysis, finance and management of business activities.
  • International business economics: focuses on international trade and public policy challenges and global markets.
  • Environmental and resource economics: examines the connection between the environment and the economy.
  • Agribusiness economics: includes farm management, food safety, food markets and other aspects of food production. This emphasis represents the roots of managerial economics at UC Davis, before it branched out to include general business studies as well. A recent ranking placed UC Davis as No. 1 in the world for research in agricultural economics and policy.

Start your future at UC Davis by majoring in managerial economics. Take risks and explore. And while you’re here, feel free to go up, down and sideways.

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2021 Highest Paid Business/Managerial Economics Graduates

5,948Bachelor's Degrees

Finding the Best Business/Managerial Economics School for You

Highest Paid Business/Managerial Economics GraduatesIn 2018-2019, 5,948 people earned their bachelor's in business/managerial economics, making the major the #70 most popular in the United States. Since the program you select can have a significant impact on your future, we've developed a number of rankings, including this Highest Paid Managerial Economics Graduates list, to help you choose the best school for you.

This year's Highest Paid Business/Managerial Economics Graduates ranking analyzed 54 colleges that offered a bachelor's degree in managerial economics.

The numbers used in this ranking are early career salaries, which we define to be 10 years after a student started college. This is the salary typically earned 4-6 years after graduation, but may be different depending on how long a person takes to complete their degree.

How Much Do Business/Managerial Economics Majors Make After Graduation?

After graduation, business/managerial economics majors from schools in the United States earn an average salary of $45,937 per year. This is 15% higher than the average college graduate, who only makes around $39,802 a year.

Average Salary for Managerial Economics Graduates from Schools Nationwide  45,937

National Average Salary for All College Grads (Regardless of Major)  39,802

College Combat

In addition to College Factual's rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. When you have some time, check it out - you may want to bookmark the link so you don't forget it.

2021 Highest Paid Business/Managerial Economics Grads in the United States

The following colleges produce the highest paid managerial economics graduates.

Top 18 Best Schools for Highly Paid Managerial Economics Graduates

Villanova University comes in at #1 in this year's ranking. Located in the large suburb of Villanova, Villanova is a private not-for-profit college with a fairly large student population. Managerial Economics majors who obtain their bachelor's from the school make an average salary of $83,000.

While working on their bachelor's, managerial economics majors at Villanova accumulate an average of around $22,841 in student debt. For students who choose a 10-year repayment plan, the average monthly student loan payment is $280.

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Marquette University landed the #8 spot in our 2021 rankings for highest paid business/managerial economics school. Marquette is a large private not-for-profit school located in the large city of Milwaukee. Upon graduating with a bachelor's degree, managerial economics majors make an average salary of $54,600.

On average, managerial economics graduates from Marquette take out $24,280 in student loans while working on their bachelor's degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $272.

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Loyola University Chicago earned the #9 spot in our 2021 rankings. Located in the large city of Chicago, Loyola Chicago is a private not-for-profit school with a large student population. Managerial Economics majors who obtain their bachelor's from the school make an average salary of $54,400.

After completing their bachelor's degree, managerial economics graduates from Loyola Chicago carry an average student debtload of $22,591. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $241.

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Additional Noteworthy Schools

Here are some additional great schools for Managerial Economics students seeking high pay that almost earned our Highest Paid Business/Managerial Economics Graduates award.

Business/Managerial Economics by Region

View the Highest Paid Business/Managerial Economics Graduates for a specific region near you.

Business/Managerial Economics Related Rankings by Major

One of 21 majors within the Business, Management & Marketing area of study, Business/Managerial Economics has other similar majors worth exploring.

Majors Similar to Managerial Economics

View All Managerial Economics Related Majors >

Notes and References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).

More about our data sources and methodologies.

Sours: https://www.collegefactual.com/majors/business-management-marketing-sales/business-managerial-economics/rankings/highest-paid-grads/
Ranking The 6 Top Business Degrees (Salary, Growth, \u0026 More!)

Bachelor of Science (BS / BSc), Managerial Economics Degree

Bachelor of Science (BS / BSc), Managerial Economics
Avg. Base Salary (USD)
3.7

Overall Job Satisfaction

Related Degrees by Salary

Degrees in the same industry as Bachelor of Science (BS / BSc), Managerial Economics, ranked by salary

Years of Experience

This data is based on 201 survey responses.

Gender Breakdown

Male

56.1%

Avg. Salary: $53k - $133k

Female

42.9%

Avg. Salary: $47k - $95k

This data is based on 196 survey responses. Learn more about the gender pay gap.

Job Satisfaction

4 out of 5

(70)

Highly Satisfied

Popular Companies for Bachelor of Science (BS / BSc), Managerial Economics Degrees

Pay ranges for people with a Bachelor of Science (BS / BSc), Managerial Economics degree by employer.

Sours: https://www.payscale.com/research/US/Degree=Bachelor_of_Science_(BS_%2F_BSc)%2C_Managerial_Economics/Salary

Economics salary business/managerial

Managerial Economics

5,948Bachelor's Degrees Annually
214Master's Degrees Annually

Types of Degrees Managerial Economics Majors Are Getting

The following table lists how many business/managerial economics graduations there were in 2018-2019 for each degree level.

What Managerial Economics Majors Need to Know

People with careers related to managerial economics were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Managerial Economics Majors

This major prepares you for careers in which these knowledge areas are important:

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  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Skills for Managerial Economics Majors

The following list of skills has been highlighted as some of the most essential for careers related to managerial economics:

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  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Speaking - Talking to others to convey information effectively.

Abilities for Managerial Economics Majors

Some of the most crucial abilities to master while a managerial economics student include the following:

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  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Managerial Economics Major?

Below is a list of occupations associated with managerial economics:

Who Is Getting a Bachelor’s Degree in Managerial Economics?

5,948Bachelor's Degrees Annually
32%Percent Racial-Ethnic Minorities*
This is a less frequently chosen undergraduate major. Only 5,948 students graduated with a bachelor’s degree in business/managerial economics in 2019, making it rank #70 in popularity. This major attracts more men than women. About 65% of the graduates in this field are male.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of managerial economics majors is as follows:

Racial-Ethnic Diversity of Managerial Economics Students with Bachelor's Degrees
Race/EthnicityNumber of Grads
Asian761
Black or African American267
Hispanic or Latino674
White3,079
International Students886
Other Races/Ethnicities281

Geographic Diversity

Students from other countries are interested in Managerial Economics, too. About 14.9% of those with this major are international students. The most popular countries for students from outside the country are:

  • China
  • South Korea
  • India
  • Hong Kong
  • Vietnam

How Much Do Managerial Economics Majors Make?

Bachelor’s Degree Starting Salary

The median early-career salary of business/managerial economics students with a bachelor’s degree is $44,300 a year according to 2017-2018 data from the U.S. Department of Education. During this timeframe, most salaries fell between $39,375 (25th percentile) and $51,050 (75th percentile).

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It’s important to note that just because the people reporting these salaries have a degree in managerial economics, it does not mean that they are working in a job related to their degree.

Salaries According to BLS

Average salaries range from $63,240 to $117,180 (25th to 75th percentile) for careers related to managerial economics. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Managerial Economics Major  ( 63240 to 117180 )

Median Salary for a High School Graduate  ( 30000 to 57900 )

Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )

Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )

Amount of Education Required for Careers Related to Managerial Economics

Some careers associated with managerial economics require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

Find out what the typical degree level is for managerial economics careers below.

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Education LevelPercentage of Workers
Bachelor’s Degree13.6%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.1.0%
Master’s Degree26.1%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level.5.5%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.1.0%
Doctoral Degree52.3%
Post-Doctoral Training2.0%

Online Managerial Economics Programs

In the 2018-2019 academic year, 267 schools offered some type of business/managerial economics program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree LevelColleges Offering ProgramsColleges Offering Online Classes
Certificate (Less Than 1 Year)20
Certificate (1-2 years)20
Certificate (2-4 Years)10
Associate’s Degree20
Bachelor’s Degree40
Post-Baccalaureate20
Master’s Degree371
Post-Master’s10
Doctor’s Degree (Research)160
Doctor’s Degree (Professional Practice)00
Doctor’s Degree (Other)00

Is a Degree in Managerial Economics Worth It?

The median salary for a managerial economics grad is $116,020 per year. This is based on the weighted average of the most common careers associated with the major.

This is 191% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,522,400 after 20 years!

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Majors Related to Managerial Economics

You may also be interested in one of the following majors related to managerial economics.

MajorNumber of Grads
Business Administration & Management410,147
Accounting105,123
General Business/Commerce58,451
Finance & Financial Management56,186
Marketing51,241
Human Resource Management26,823
Management Sciences & Quantitative Methods23,738
Business Support & Assistant Services19,483
Hospitality Management19,042
Management Information Systems14,747
Entrepreneurial Studies10,427
International Business10,181
Specialized Sales, Merchandising & Marketing5,873
Other Business, Management & Marketing5,834
General Sales & Marketing5,734
Real Estate5,700
Construction Management3,664
Insurance2,218
Taxation1,783
Business/Corporate Communications968
Telecommunications Management71

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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TOP Jobs for ECONOMICS Major!! (8 High Paying Jobs)

2022 Business/Managerial Economics Degree Guide

Whether or not your realize it, your lifestyle is determined by the market, whether that is the price of gas, or the cost of a new home or the wages you receive for your work. Everyone is involved in economic activity in some way or another. A business needs to be aware of the economics of the market in order to effectively sell their product. Some examples would be how many individuals they can afford to hire, or how selling inventory will affect the businesses bottom-line.

Majoring in Business and Managerial Economics educates students in how to use economic principles to analysis the organization and operation of business enterprises. Students take a mix of business and economic courses, such as Accounting, Financial marketing, Economics of regulation, Business policy and strategic management, and Econometrics. This major is commonly offered as a Bachelor's degree, however can be taken at an Associate's level.

Business/Managerial Economics Degrees Shrinking in Popularity

-3.5%Increase in Graduates

In 2019-2020, business/managerial economics was the 110th most popular major nationwide with 6,060 degrees awarded. This 210 less than the prior year, a decrease of 3.5%.

The United States has 260 different schools where you can get a degree in business/managerial economics. Our 2022 Best Business/Managerial Economics Schools ranking analyzes 202 of these schools to determine the best overall colleges for business/managerial economics students. Continue reading to check out one of our many unbiased rankings of managerial economics programs later in this article.

What Are The Requirements For a Degree in Business/Managerial Economics

Students should be prepared for the advanced math classes involved in this major. You will also be aided by an analytical and creative mind when solving difficult problems or coming up with new theories. There is an emphasis of group work in many of the classes you will be taking. Students will need to work on their people skills and time management. In order to prepare for this major, students are advised to take course in Macroeconomics, Statistics, Business, Calculus, and Computer applications.

Prior Education for a Managerial Economics Program

A high school diploma or equivalent is typically required for most managerial economics degree programs and many students will need a minimum GPA and SAT/ACT score depending on the school. Once you obtain your degree, additional managerial economics certifications required to pursue a career in this field.

Types of Business/Managerial Economics Degrees

There are various different levels of managerial economics degrees. Business/Managerial Economics programs offered by schools range from a to a , which is the highest managerial economics degree you can get. Business/Managerial Economics programs can take anywhere between one to four or more years for a full-time student to complete.

DegreeCredit RequirementsTypical Program Length
Associate Degree60-70 credits2 years
Bachelor’s Degree120 credits4 years
Master’s Degree50-70 credits1-3 years
DoctorateProgram required coursework including thesis or dissertationAt least 4 years

A doctor's degree is the most common level of education achieved by those in careers related to managerial economics, with approximately 50.7% of workers getting one. See the the most common levels of education for managerial economics workers below.

Level of EducationPercentage of Workers
Doctoral Degree52.3%
Master’s Degree26.1%
Bachelor’s Degree13.6%
Post-Master’s Certificate5.5%
Post-Doctoral Training2.0%

52.9% of managerial economics workers have at least a doctorate. View the chart below to get an idea of what degree level most of those in business/managerial economics careers have.

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The education level required is different depending on the managerial economics career you are seeking.

Career Opportunities for Managerial Economics Majors

Below AverageNumber of Jobs
$46.1kAverage Starting Salary
7% GrowthJob Outlook 2016-26

Graduates of Business and Managerial Economics find themselves in several different career fields. These include Financial Mangers, Financial Analysts, Management Consultants, Top Executives, and Economists. All of these careers handle company's success in terms of profitability and growth. Financial Analysts analyze businesses and provide strategies to help them reach their financial goals. Economists analyze the factors that influence the market and study the selling and buying of products and services within the company.

Growth Projected for Managerial Economics Careers

Want a job when you graduate with your managerial economics degree? Business/Managerial Economics careers are expected to grow 6.5% between 2016 and 2026.

The following options are some of the most in-demand careers related to business/managerial economics.

Occupation NameProjected JobsExpected Growth
Economists22,6006.1%
Economics Professors18,30010.9%
Survey Researchers14,9002.1%

How Much Money Do People With a Managerial Economics Degree Make?

Recently graduated business/managerial economics students earned an average of $46,084 in 2017-2018. Earnings can range from as low as $30,200 to as high as $83,000. As you might expect, salaries for managerial economics graduates vary depending on the level of education that was acquired.

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Highest Paid Managerial Economics Careers

Salaries for business/managerial economics graduates can vary widely by the occupation you choose as well. The following table shows the top highest paying careers managerial economics grads often go into.

Occupation NameMedian Average Salary
Economics Professors$117,180
Economists$116,020
Survey Researchers$63,240

Getting Your Business/Managerial Economics Degree

With over 400 different managerial economics degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased managerial economics school rankings to help you with this.

Business/Managerial Economics Related Majors

Business/Managerial Economics is one of 21 different types of Business, Management & Marketing programs to choose from.

Majors Similar to Managerial Economics

View All Managerial Economics Related Majors >

References

More about our data sources and methodologies.

Sours: https://www.collegefactual.com/majors/business-management-marketing-sales/business-managerial-economics/

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