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Family & Consumer Economics

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Family & Consumer Economics Major

1,633 yearly degrees
#223 in popularity
$53,000 median salary

Family and consumer economics is a major that typically falls into the Family, Consumer & Human Sciences category.

There are 3 programs available throughout the country that offer an associate’s degree in consumer economics, 34 that offer a bachelor’s degree, and 14 that offer a master’s degree. There are also at least 3 schools in the nation where you can get your doctorate degree in the field.

Who Is Getting a Consumer Economics Degree?

This is a less frequently chosen major. Only 1,300 students graduated with a bachelor’s degree in family and consumer economics in 2017. The major attracts more women than men. About 73.5% of the recent graduates in this field are female.

Racial Distribution

At the countrywide level, the racial distribution of consumer economics majors is as follows:

  • Asian: 3.9%
  • Black or African American: 11.4%
  • Hispanic or Latino: 12.6%
  • White: 64.2%
  • Non-Resident Alien: 2.6%
  • Other Races: 5.2%
Family & Consumer Economics Majors Ethnic Diversity Statistics

Americans aren’t the only ones with an interest in consumer economics. About 2.6% of those graduating in 2017 were international students. The most popular countries sending consumer economics majors to the U.S. are China, South Korea and Vietnam.

What Will You Learn as a Family & Consumer Economics Major?

An O*NET survey asked people with careers related to consumer economics 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 Consumer Economics Majors

Consumer economics majors often go into careers in which the following knowledge areas are important:

Important Knowledge Areas for Family & Consumer Economics Majors

Skills for Consumer Economics Majors

Consumer economics majors are found most commonly in careers in which the following skills are important:

Important Skills for Family & Consumer Economics Majors

Abilities for Consumer Economics Majors

Consumer economics majors often go into careers where the following abilities are vital:

Important Abilities for consumer economics Majors

What Can You Do With a Consumer Economics Major?

Below is a list of occupations associated with consumer economics:

Careers Related to Family & Consumer Economics
Job Title Job Growth Rate Median Salary

Farm and Home Management Advisors

7.7%

$49,840

Family & Consumer Economics Major Salary

Average salaries range from $53,000 to $53,000 for careers related to consumer economics. 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.

Average Salary for a Consumer Economics Major  ( 53000 to 53000 )
$0
$200k
Average Salary for High School Graduate  ( 29000 to 57000 )
$0
$200k
Average Salary with Bachelor's Degree  ( 44000 to 99000 )
$0
$200k
Average Salary with Advanced Degree  ( 55000 to 120000 )
$0
$200k

Your salary will be largely dependent on the career path you follow and what area of the country (or world) you work. Getting a graduate degree may open up more options with higher salary potential.

Amount of Education Required for Family & Consumer Economics Major Jobs

Some careers associated with consumer economics require an advanced degree while some may not even require a bachelor’s. 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.

How much education do you really need to compete in today’s job market? People currently working in careers related to consumer economics have obtained the following education levels.

Education Levels for Careers Associated With Family & Consumer Economics
Level of Education Percentage of Workers

Less Than a High School Diploma

0%

High School Diploma or Equivalent

0%

Post-Secondary Certificate

0%

Some College Courses

0%

Associate's Degree or Equivalent

0%

Bachelor's Degree

24.1%

Post-Baccalaureate Certificate

3.5%

Master's Degree

58.6%

Post-Master's Certificate

6.9%

First Professional Degree

0%

Doctoral Degree

6.9%

Post-Doctoral Training

0%

Online Family & Consumer Economics Programs

There are 34 colleges that offer a bachelor’s degree in family and consumer economics, with 4 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 a Family & Consumer Economics Major Worth It?

The median salary for a consumer economics grad is $53,000 per year. This is based on the weighted average of the most common careers associated with the major.

This is 35% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $276,000 after 20 years!

family and consumer economics salary compared to typical high school and college graduates over a 20 year period

References

Bureau of Labor Statistics
National Center for Education Statistics
O*NET Online
Image Credit: National Cancer Institute via License

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