Agricultural Economics Major
Agricultural economics and business is a major that typically falls into the Agriculture category.
There are 206 programs available throughout the country that offer an associate’s degree in agricultural business, 161 that offer a bachelor’s degree, and 58 that offer a master’s degree. There are also at least 25 schools in the nation where you can get your doctorate degree in the field.
Who Is Getting an Agricultural Business Degree?
Agricultural economics and business runs middle of the road when it comes to popularity, ranking #77 out of all the majors we track. In 2017, about 4,900 graduates completed their bachelor’s degree in this major. This major tends to be male dominated. About 64.9% of recent graduates are men.
At the countrywide level, the racial distribution of agricultural business majors is as follows:
- Asian: 2%
- Black or African American: 2.4%
- Hispanic or Latino: 7.6%
- White: 79.4%
- Non-Resident Alien: 3.5%
- Other Races: 5%
Americans aren’t the only ones with an interest in agricultural business. About 3.5% of those graduating in 2017 were international students. The most popular countries sending agricultural business majors to the U.S. are China, South Korea and India.
What Will You Learn as an Agricultural Economics Major?
An O*NET survey asked people with careers related to agricultural business to rate how important certain subject areas were to their job. The following are some of the results of that survey. Importance was rated on a scale of 1 to 5 with 5 being most important.
Knowledge Areas for Agricultural Business Majors
A major in agricultural business should prepare you for careers in which you will need to be knowledgeable in the following areas:
Skills for Agricultural Business Majors
Agricultural business majors are found most commonly in careers in which the following skills are important:
Abilities for Agricultural Business Majors
Agricultural business majors often go into careers where the following abilities are vital:
What Can You Do With an Agricultural Business Major?
Below is a list of occupations associated with agricultural business:
|Job Title||Job Growth Rate||Median Salary|
|Farm and Home Management Advisors||7.7%||$49,840|
|Computer User Support Specialists||11.3%||$50,980|
|Nursery and Greenhouse Managers||-0.8%||$67,950|
|First-Line Supervisors of Animal Husbandry and Animal Care Workers||2.1%||$46,960|
|First-Line Supervisors of Office and Administrative Support Workers||3.4%||$55,810|
|First-Line Supervisors of Agricultural Crop and Horticultural Workers||2.1%||$46,960|
|Agricultural Sciences Professors||7.9%||$84,640|
|Graders and Sorters, Agricultural Products||-0.9%||$24,430|
|Buyers and Purchasing Agents, Farm Products||-5.8%||$0|
Agricultural Economics Major Salary
Agricultural business majors often go into careers where salaries can range from $51,000 to $80,000. This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.
To put that into context, the typical high school graduate makes between $29,000 and $57,000 a year. The average person with a bachelor’s degree (any field) makes between $44,000 and $99,000. Advanced degree holders make the most with salaries between $55,000 and $120,000.
The area of the country you choose to work in will also affect your career and salary prospects. Getting a graduate degree may open up more options with higher salary potential.
Amount of Education Required for Agricultural Economics Major Jobs
Some careers associated with agricultural business may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.
Find out what the typical degree level is for agricultural business careers below.
|Level of Education||Percentage of Workers|
|Less Than a High School Diploma||3.8%|
|High School Diploma or Equivalent||15.8%|
|Some College Courses||9.1%|
|Associate's Degree or Equivalent||8.4%|
|First Professional Degree||0.3%|
Online Agricultural Economics Programs
There are 161 colleges that offer a bachelor’s degree in agricultural economics and business, with 9 of them offering at least some courses online.
Online learners must listen or watch video lectures, participate in group chats or forums, submit papers and assignments electronically, take tests, and meet deadlines.
Online learners benefit from being able to watch lectures remotely and complete coursework on their schedule, but they also take longer to graduate than average and are more likely to dropout.
Is an Agricultural Economics Major Worth It?
The median salary for an agricultural business grad is $55,000 per year. This is based on the weighted average of the most common careers associated with the major.
This is 42% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $323,000 after 20 years!
- General Agriculture
- Agricultural Economics
- Agricultural Mechanization
- Agricultural Production
- Food Processing
- Animal Services
- International Agriculture
- Agricultural Public Services
- Animal Science
- Food Science Technology
- Plant Sciences
- Soil Sciences
- Other Agriculture
Featured Agriculture Schools
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