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mathematical economics

Types of Degrees mathematical economics Majors Are Earning

Those studying mathematical economics have the option of earning degrees at several award levels.

Award Level	Graduates
Bachelor’s Degree	120
Master’s Degree	8
Doctor’s Degree	13

What mathematical economics Majors Need to Know

Coursework for mathematical economics develop a specific mix of knowledge, skills, and abilities — derived from O*NET surveys of workers in occupations that mathematical economics graduates commonly enter.

Knowledge Areas

This major prepares you for careers needing mathematical economics emphasizes the following knowledge areas:

• Mathematics — Importance 4.2 / 5; level 5.2 / 7.
• English Language — Importance 3.9 / 5; level 4.7 / 7.
• Computers and Electronics — Importance 3.5 / 5; level 4.4 / 7.
• Education and Training — Importance 3.3 / 5; level 4.1 / 7.
• Customer and Personal Service — Importance 2.9 / 5; level 3.1 / 7.

^{Importance is rated 1–5; level is 1–7. Source: ONET Online — weighted across related occupations.*}

Skills

The skill set developed in a mathematical economics program reflects the day-to-day work of related occupations:

• Reading Comprehension — Importance 4.0 / 5; level 4.5 / 7.
• Active Listening — Importance 3.9 / 5; level 4.0 / 7.
• Writing — Importance 3.9 / 5; level 4.2 / 7.
• Speaking — Importance 3.8 / 5; level 4.1 / 7.
• Critical Thinking — Importance 3.8 / 5; level 4.2 / 7.

Abilities

Abilities most relevant to mathematical economics careers — again drawn from O*NET surveys of related occupations:

• Written Comprehension — Importance 4.0 / 5; level 4.7 / 7.
• Oral Comprehension — Importance 4.0 / 5; level 4.7 / 7.
• Oral Expression — Importance 4.0 / 5; level 4.7 / 7.
• Written Expression — Importance 3.9 / 5; level 4.6 / 7.
• Deductive Reasoning — Importance 3.9 / 5; level 4.2 / 7.

Common Job Activities

Day-to-day, mathematical economics graduates report doing:

Activity	Frequency / Importance
Getting Information	4.5 / 7
Working with Computers	4.5 / 7
Analyzing Data or Information	4.3 / 7
Updating and Using Relevant Knowledge	4.2 / 7
Processing Information	4.2 / 7
Making Decisions and Solving Problems	4.0 / 7
Identifying Objects, Actions, and Events	4.0 / 7
Interpreting the Meaning of Information for Others	4.0 / 7
Thinking Creatively	4.0 / 7
Organizing, Planning, and Prioritizing Work	3.9 / 7

Technology Skills Used on the Job

Most frequently-cited tools used by mathematical economics professionals:

Tool / Software	Category	In-Demand
Microsoft PowerPoint	Presentation software	✓
Microsoft Office software	Office suite software	✓
Microsoft Word	Word processing software	✓
Microsoft Excel	Spreadsheet software	✓
The MathWorks MATLAB	Analytical or scientific software	✓
Microsoft Access	Data base user interface and query software	✓
R	Object or component oriented development software	✓
Python	Object or component oriented development software	✓
Web browser software	Internet browser software	—
Microsoft Outlook	Electronic mail software	—
StataCorp Stata	Analytical or scientific software	✓
Minitab	Analytical or scientific software	—

^{Source: ONET Online technology skills, weighted across related occupations.*}

Sample Job Titles

Real job postings for mathematical economics graduates include:

• Assistant Professor
• Adjunct Economics Professor
• Industrial Economics Professor
• Labor Economics Teacher
• Instructor
• Finance Professor
• College Professor
• Economics Instructor
• Economics Professor
• Lecturer
• University Faculty Member
• Accounting Lecturer
• Agricultural Economics Teacher
• Economics Assistant Professor
• Macroeconomics Professor

Education Typically Required

Across the occupations open to mathematical economics graduates, the typical level of education actually held by current workers is distributed as:

Education Level	Share of Workers
Doctoral degree	32.6%
Bachelor’s degree	27.9%
Master’s degree	24.3%
Post-master’s certificate	3.3%
Post-doctoral training	3.1%
Some college courses	2.3%
Postsecondary certificate	2.2%
Associate’s degree (or other 2-year)	2.1%
High school diploma or equivalent	1.4%
Post-baccalaureate certificate	0.6%
First professional degree	0.2%

^{Source: ONET Online education / training / experience requirements.*}

Who Is Earning a Degree in mathematical economics?

Gender Distribution

This field has a relatively balanced gender distribution: 43.3% women and 56.7% men among mathematical economics graduates.

Gender	Graduates	Share
Women	61	43.3%
Men	80	56.7%

Racial-Ethnic Diversity

At the national level, the racial-ethnic distribution of mathematical economics graduates is as follows:

Race / Ethnicity	Graduates	Share
White	47	33.3%
Asian	15	10.6%
Hispanic or Latino	6	4.3%
Black or African American	3	2.1%
Two or More Races	6	4.3%
Race Unknown	1	0.7%
International Students	63	44.7%

^{See minority definition below.}

Related Programs

You may also be interested in these closely related fields of study:

Program	CIP Code
Mathematical Economics	30.49
Mathematics and Atmospheric/Oceanic Science	30.5001

References

The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students and international students. This number is then divided by the total number of students to obtain the racial-ethnic minorities percentage.

• College Factual
• National Center for Education Statistics (IPEDS)
• O*NET Online
• U.S. Bureau of Labor Statistics
• U.S. Department of Education College Scorecard

More about our data sources and methodologies.