Agricultural Economics
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Overview
Agricultural economics is a program that focuses on the application of economics to the analysis of resource allocation, productivity, investment, and trends in the agricultural sector, both domestically and internationally. includes instruction in economics and related subfields as well as applicable agricultural fields.
Current award levels
Hover over the bars below to see how many people across the country completed a degree in agricultural economics at each level last year.
05001K2K2K3K0-1 Year CertificateAssociate's DegreeBachelor's DegreeMaster's DegreeResearch Doctorate
Race/origin of recent graduates
Here is an overview of race/origin for all agricultural economics graduates from this last academic year. We found a higher percentage of international graduates in this program than in 84% of other programs.
Race/Origin
White
Black
Pacific Islander
Hispanic
Asian
American Indian
Multiracial
Not Reported
International
Context: Percentage of Minority Graduates
Minority students comprise a lower percentage of graduates than in 69% of other programs.
Gender
Of all people with any degree in agricultural economics earned in the last academic year, 36% were women.
Gender
Men
Women
Context: Percentage women
This is a lower percentage of women than 68% of other programs.
Salary
The Census Bureau provides salary data for people with bachelor's degrees in agricultural economics.
Context: Median Salary
People with a degree in agricultural economics have a median salary of $67,655.
Context: Benefit of a master's
About 26% of these bachelor's graduates also have a graduate degree, perhaps in a different field. Salaries improved by approximately 13% over those holding only the bachelor's degree for those with subsequent graduate degrees.
Employment
All of the following employment data applies to people holding a bachelor's degree in agricultural economics.
Context: Unemployment Rate
With an unemployment rate of 1.2%, this degree's majors who are in the workforce are more likely to be employed than the bachelor's graduates of 98% of other fields.
Context: Self Employed Workers
About 23% of workers who earned a bachelor's in agricultural economics are self-employed.
Top careers
Following are the most frequent jobs held by people who earned a bachelor's degree in Agricultural Economics, perhaps followed by additional education in any field. There is a fun exploration of related degrees and careers under Explore Careers below.
Similar programs
Following are related programs, ordered by those with the highest number of completions. You can explore a full list in the last section for programs below.
Completions History
Salary and Employment for Majors
Understanding this data
This section's data applies to people with a bachelor's degree in agricultural economics

This section is informed by household surveys collected by the US Census Bureau in its American Community Survey (ACS). The ACS tells us all about the individuals surveyed -- education level, age, career, salary, home, etc. -- and includes the field of degree for people who earned a bachelor's degree. All of the data that follows is for individuals who earned a bachelor's degree in agricultural economics, although we're also able to see the level of education the individuals attained. All higher degrees could have been in any field.

Employment overview
Percentage of agricultural economics bachelor's graduates who are working

Does getting a bachelor's degree in agricultural economics lead to a secure job? The donut chart shows the percentage agricultural economics majors who are working along with a broad view of where they work. We note:

  • Self-employed workers include those working in a family-owned business.
  • Government workers can be in local, state or federal governments.

Technically, about 13.4% of agricultural economics graduates are currently not working. However, only 1.2% are classified as "unemployed," while 12.2% are "not in the workforce." Unfortunately, we have no way of knowing whether people are out of the workforce for personal reasons or because they have been unable to find work for an extended period.

87%
Percentage working by type of employer
Government
Federal government
State government
Local government
Self-employed
Self Emp. Incoporated
Self Emp. Not Incorp.
Private not-for-profit
Private for-profit
total
Context: Unemployment rates

This chart lets you see whether agricultural economics majors have better unemployment rates than bachelor's graduates from other fields. In the shaded box plot, the percentage of unemployed with this degree is shown in blue, along with the distribution of the percentage of unemployed graduates for each bachelor's degree field.

1.2%0.0%1.0%2.0%3.0%4.0%5.0%
Salary overview
Typical salaries for agricultural economics majors

How does the median (middle) salary for agricultural economics majors compare to the median salaries for other majors? The chart below compares the median salaries for all bachelor's graduates by major. Here and everywhere that we discuss salary, we limit the population to those with bachelor's degrees who report working at least 35 hours a week and are aged 65 and younger.

Context: median salaries
$67,655$0$20,000$40,000$60,000$80,000$100,000
Distribution: Salaries by Employer

Above we compared the median salaries earned across college majors. Now we'll view the full salary range for agricultural economics majors. The charts below show the full distribution of salaries for this degree alone, with a look at how the type of employer might affect that salary. This salary includes all people who may also have received graduate education in this or any field. You can tease out the importance of graduate education in the last tab in the section.

$74K$65K$57K$64K$51K$93K$62K$68K$0$50K$100K$150K$200K$250KPrivate for-profit (55.5% )Private not-for-profit (5.9% )Local government (4.4% )State government (5.4% )Self Emp. Not Incorp. (14.0% )Federal government (6.0% )Self Emp. Incoporated (8.8% )Overall (100%)

Note that we do not include salary data when the survey standard error is higher than 20% of the salary. Therefore, some categories may be missing or may only provide partial salary ranges. To provide salary breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, age, and other factors. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of these characteristics on salaries would correct for other factors that could be contributing to salary differences.

The battle of the sexes
Gender and success for agricultural economics majors

The donut chart shows the gender balance for all people with a bachelor's degree in agricultural economics. In the graphs that follow, we'll explore how these percentages compare to other bachelor's holders, and we'll also investigate the impact of gender on pay.

Gender
Men (82%)
Women (18%)
Context: Gender representation

How does the gender balance change according to college major? In the chart below, we see that agricultural economics has more men than most other degrees.

18%82%0%20%40%60%80%100%WomenMen
Distribution: salaries by gender

The chart below shows the distribution of salaries by gender of agricultural economics majors who are working 35 or more hours and are 65 or younger. If salaries are balanced for men and women, the blue and pink bars will be about the same. Many programs' graduates struggle with men's wages higher at all points of the salary distribution, including significantly higher top salaries.

$72K$54K$0$50K$100K$150K$200K$250KWomenMen
Context: Salary inequity

For agricultural economics graduates, men generally earn 32% more than women. This is high: 69% of programs have graduates with lower salary inequities.

32%32%0%20%40%60%80%100%
Age and Advancement
Insights from the ages of agricultural economics bachelor's-holders

The ages of people in the US with a bachelor's degree in agricultural economics can give us a hint about whether this degree is in-fashion or out-of-fashion. A higher percentage of older people with a degree suggests that newer degree options have edged out this degree for recent graduates. Likewise, a higher percentage of younger people with a degree may suggest that this degree has become more popular in recent years.

Careeer Advancement

What entry-level pay should you expect in your first job, and is the mid-level pay significantly higher? Below we see salary distributions by age group for agricultural economics graduates who are working 35 or more hours weekly. Is there room for advancement in careers that stem from this degree?

$74K$72K$74K$70K$86K$51K$70K$65K$0$50K$100K$150K$200KSalaries by age20-2425-2930-3435-3940-4445-4950-5455-5960-64
02K4K6K8KNumber with major20-2425-2930-3435-3940-4445-4950-5455-5960-64

Note that we do not include salary data when the survey standard error is higher than 20% of the salary. Therefore, some categories may be missing or may only provide partial salary ranges. To provide salary breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, age, and other factors. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of these characteristics on salaries would correct for other factors that could be contributing to salary differences.

Need for higher degrees
Is a bachelor's degree all you need?

Can agricultural economics majors earn a high salary without obtaining a graduate degree? Below, we dive into the prevalence of graduate degrees for agricultural economics majors, and we explore how much a graduate degree can be expected to increase salaries. Among all agricultural economics completions reported last year, 99% were at the bachelor's level or higher, including 29% at the graduate level.

Most recent completions in agricultural economics
0-1 Year Certificate
1-2 Year Certificate
2-4 Year Certificate
Associate's Degree
Bachelor's Degree
Postbaccalaureate Cert
Master's Degree
Post-master's Cert
Professional Deg/Doct
Research Doctorate
Other Doctorate
Context: Graduate degrees in any field by undergraduate ACS degree

The donut shows the degree levels awarded in agricultural economics today. Now we'll use American Community Survey (ACS) data and look at all workers in the US who majored in agricultural economics when in college.

We know that about 26% agricultural economics majors chose to also earn a graduate degree (but we do not know the graduate field of study). The percentage of agricultural economics majors also earned a graduate degree is near the middle in comparison to other fields.

26%0%20%40%60%80%100%
Distribution: agricultural economics majors' salaries by education level

We saw above that 26% earned a graduate degree after earning a bachelor's in agricultural economics, but was this necessary for earning a good salary? We can see this answer in two ways. First, we can see the salary distribution for people with a bachelor's in agricultural economics by their highest education attained. Remember, we only know the field for the bachelor's degree; the graduate degree can be in any field.

$73K$65K$93K$77K$0$50K$100K$150K$200KBachelor's DegreeMaster's DegreeResearch DoctorateProfessional Deg/Doct

Note that we do not include salary data when the survey standard error is higher than 20% of the salary. Therefore, some categories may be missing or may only provide partial salary ranges. To provide salary breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, age, and other factors. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of these characteristics on salaries would correct for other factors that could be contributing to salary differences.

Context: Percentage boost obtained with a graduate degree

The second way that we can explore the impact of higher education on salary is to compare median salaries for workers with each level of education. We measure the percentage increase over the bachelor's salary that each higher degree achieved, and contrast that with similar measurements for other fields.

Sure, we think a higher degree would almost always help salary, but are there some majors that "need" a higher degree (in either the same or a new field) more than others in order to reach their earnings potential?

13%43%19%0%50%100%150%Bachelor's to Master'sBachelor's to Research DoctorateBachelor's to Professional Doctorate
Explore Careers
Careers for agricultural economics majors
Careers for agricultural economics majors

Here we look at ACS survey respondents across the US with a bachelor's degree in agricultural economics, and we see their top careers. You can explore the salary distributions for all people in those careers, as well as the typical education help by workers in that job. If you see ** before the job name, that tells you that the Department of Education recommends this job for people with a degree in agricultural economics. We did not find always find a strong correlation between that advice and where people were working.

Career
Select any column header to sort by that column, and select any row to explore that career.
Salary
Salary distribution 0-$200,000.
Median
Middle 50%
Middle 80%
Education
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Percentage with degree who are in job
Agricultural Managers
$0$200K$39K
12.7%
Managers (specialized areas)
$0$200K$72K
5.9%
Chief executives and legislators
$0$200K$96K
4.2%
Financial managers
$0$200K$68K
4.1%
Credit counselors and loan officers
$0$200K$54K
3.6%
Wholesale and manufacturing sales representatives
$0$200K$61K
3.1%
Retail salespersons
$0$200K$31K
2.5%
First-line supervisors of retail sales workers
$0$200K$39K
2.5%
Marketing and sales managers
$0$200K$74K
2.4%
Lawyers, judges, and magistrates
$0$200K$93K
2.3%
First-line supervisors of non-retail sales workers
$0$200K$59K
1.9%
Personal financial advisors
$0$200K$72K
1.8%
General and operations managers
$0$200K$67K
1.5%
**Postsecondary teachers
$0$200K$62K
1.5%
Accountants and auditors
$0$200K$60K
1.5%
Management analysts
$0$200K$76K
1.4%
Elementary and middle school teachers
$0$200K$51K
1.4%
First-line supervisors of office and administrative support workers
$0$200K$48K
1.4%
Securities, commodities, and financial services sales agents
$0$200K$62K
1.3%
Insurance sales agents
$0$200K$46K
1.2%
Other routes to the top ten careers
Other majors that are hired by the top ten agricultural economics careers

Take a minute with this sankey diagram, and use your mouse/touch to explore. You can follow the top ten jobs held by agricultural economics graduates, and then, in turn, you can see the largest 10 degrees hired by each of those careers. We hope this gives you a glimpse at where you can most realistically hope to get a job with this degree, but also see alternatives for the same employment options. It's worth noting that for many degrees, the top ten jobs don't account for even half of the graduates. The data warns us / encourages us that a degree is only one piece of the puzzle that determines where we land.

This Degree
Top 10 careers
Top 10 degrees hired
General AgricultureAnimal SciencesAgriculture Production and ManagementPlant Science and AgronomyBusiness Management and AdministrationGeneral BusinessAgricultural EconomicsBiologyAccountingEconomicsElectrical EngineeringMechanical EngineeringPsychologyPolitical Science and GovernmentMarketingFinanceCommunicationsEnglish Language and LiteratureHistoryPhilosophy and Religious StudiesCriminal Justice and Fire ProtectionJournalismGeneral EducationAgricultural ManagersManagers (specializedareas)Chief executives andlegislatorsFinancial managersWholesale andmanufacturing salesrepresentativesCredit counselors and loanofficersLawyers, judges, andmagistratesFirst-line supervisors ofretail sales workersMarketing and salesmanagersRetail salespersonsAll others
Where can I complete this program?
What schools offer this program?
Explore schools that offer agricultural economics degrees and certificates

We've created a list of schools that offer this program for the level you select. We've also chosen a few facts about each school that give you an idea of the educational quality each school might offer:

  • Student-Faculty Ratio: A small number of students per full-time instructor suggests individual attention for each student and an up-to-date curriculum.

  • Satisfaction Rate: A high percentage of returning first-year students should correlate with satisfaction (schools call this their retention rate).

  • Repayment Rate: A high repayment rate means most alumni earn enough to make progress repaying loans within 7 years of leaving.

We also show the total enrollment for the school as measured by full-time-equivalent (FTE) students enrolled annually. You can filter the list by award level and by state. Clicking on any table headers will sort the table by that column, and clicking on any row sends you to Ididio's school profile.

Filter Schools
Offering this program at this level
All levels
Only schools in these states
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
Only schools within
200 Miles
of
52 schools offer this program (all levels) in the selected area.
School
State
Total enrollment
Student to Full-time Faculty Ratio
Average Net Price
Repayment Rate
6-year Completion Rate
Alcorn State University
MS
3,045
22.3
$13,665
33%
51%
Auburn University
AL
22,392
20.3
$22,613
82%
73%
Brigham Young University - Idaho
ID
43,000
78.9
$7,727
83%
53%
Clemson University
SC
18,565
17.4
$18,757
88%
81%
Colorado State University - Fort Collins
CO
23,096
18.4
$17,191
80%
69%
Cornell University
NY
14,676
12.6
$31,449
91%
94%
Fort Valley State University
GA
2,131
24.2
$12,620
33%
33%
Iowa State University
IA
29,857
21.6
$13,949
84%
68%
Joliet Junior College
IL
9,122
42.4
$4,162
45%
19%
Kansas State University
KS
17,523
18.9
$17,465
82%
59%
Lake Land College
IL
6,057
58.2
$4,913
60%
35%
Louisiana State University and Agricultural & Mechanical College
LA
23,798
21.7
$19,224
81%
68%
Michigan State University
MI
37,175
18.3
$16,684
83%
80%
Mississippi State University
MS
17,705
22.0
$16,056
75%
63%
New Mexico State University - Main Campus
NM
10,615
19.5
$9,449
60%
50%
North Dakota State University - Main Campus
ND
11,279
23.4
$14,848
89%
55%
North Iowa Area Community College
IA
1,978
29.5
$8,538
59%
42%
Northland Community and Technical College
MN
2,227
27.2
$10,263
67%
43%
Ohio State University - Main Campus
OH
44,940
26.3
$18,042
76%
81%
Oklahoma State University - Main Campus
OK
19,428
19.3
$14,513
76%
60%
Graduate program details
Explore agricultural economics graduate program details

Many schools provide information to Peterson's about their graduate programs, and Ididio has licensed that data to share with you. The data is reported by program name and subject, and we have worked to match that data with the standard "CIP" titles that are the basis of these program pages. Please be aware that only a subset of all possible graduate programs share the details about financial support and admissions numbers with Peterson's. To see a complete list of schools who have graduated students with this degree, the previous section is much more reliable; however, this is a great place to look for a hint of schools that may offer financial support. You can see more details about each school's graduate programs in the Programs Offered section within that school's Ididio page.

Filter Schools
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
Program
State
Total applicants
Percentage Admitted
Application Fee
Grad students with aid
Iowa State University
Program in Agricultural Economics (Doctor of Philosophy, Master of Science)
IA
$60
Rutgers University - New Brunswick
Program in Food and Business Economics (Master of Science)
NJ
18
33%
$50
5
Tuskegee University
Program in Agricultural and Resource Economics (Master of Science)
AL
$25
University of California - Davis
Program in Agricultural and Resource Economics (Master of Business Administration/Master of Science, Master of Science, Doctor of Philosophy)
CA
135
35%
$60
69
University of Illinois at Urbana-Champaign
Program in Agricultural Production (Master of Science)
IL
$70
University of Kentucky
Program in Agricultural Economics (Doctor of Philosophy, Master of Science)
KY
$50
Explore similar programs

Agricultural Economics is part of a larger collection of programs: Agriculture. Is there a different program that's close to Agricultural Economics that might be a better match for your interests? You can use this table to see a little about the programs that fall under this umbrella. If you click on any of the table headers, that will sort the table by that column, or click on a row and see Ididio's profile for that program.

Program
Graduates
Award Levels
Less than Bachelor's
Bachelor's
Graduate
Gender
Men
Women
Race/Origin
White
Minority
International
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