The following are first destination statistics for economics majors from the undergraduate Class of 2015. We encourage you to use this information as one piece of your career planning research. Here you will find general salary and industry data and names of employers who have hired economics majors over the last 4 years. You will also find information about graduate school plans.
Students who double-majored in ‘Commerce and Economics’ and ‘Commerce and Engineering’ are included in these calculations, except where noted. If you have any questions/want more details, please contact Jennifer Jones in the Economics Career Office at econ-eco@virginia.edu.
This information is self-reported by our students. 416 economics majors were surveyed and 307 replied (74%). The final data collection was completed on October 2, 2015.
Post-Graduation Plans [Footnote 1]
|
|
(%)
|
|
Accepted Full-Time Employment
|
65.4
|
|
Attending Graduate School
|
17.3
|
|
Seeking Employment
|
5.2
|
|
Other
|
3.9
|
|
Undecided
|
2.6
|
|
Seeking Graduate School Admission
|
2.3
|
|
Travel
|
1.3
|
|
Volunteer/Service Work
|
1.0
|
|
Serving in a Branch of the Military
|
1.0
|
|
|
|
[1] Of 415 students surveyed, 306 responded to this question in the survey (response rate: 73.7%)
Annual Compensation [Footnote 2]
|
Mean Salary
|
Mean Signing Bonus
|
1st Quartile
|
2nd Quartile
|
3rd Quartile
|
4th Quartile
|
|
$61,438.19
|
$7,637.19
|
47,500
|
47,500-60,000
|
60,000-75,000
|
75,000-122,000
|
[2] Of 200 students that responded that they had accepted full-time employment, 166 students reported a positive annual base salary (response rate: 83%) and 95 reported a positive signing bonus (response rate: 57%). Mean, median, range, min and max taken across students reporting a non-zero amount to each question from 149 responses. Does not include stock, equity, retirement, other benefits.
Distribution by Most Popular Employer Industry [Footnotes 3,4,5,6,7]
|
Industry
|
Number
|
(%)
|
|
Financial Services
|
57
|
29.8
|
|
Consulting Services (Commercial and Federal)
|
53
|
27.7
|
|
Advertising, Marketing and Public Relations
|
11
|
5.8
|
|
Information Technology
|
10
|
5.2
|
|
Government and Policy
|
9
|
4.7
|
|
Healthcare Administration, Services, and Public Health
|
7
|
3.7
|
|
Computer Science: Hardware and Software
|
7
|
3.7
|
|
Real Estate and Insurance Sales and Management
|
7
|
3.7
|
|
Other
|
30
|
15.7
|
Most Popular Employer Industry
[3] Of 200 students that reported that they had accepted full-time employment, 191 students reported the industry of employment (response rate: 95.5%). Students’ reporting of industry is not always accurate.
[4] Comprises: Investment Banking, Management, Commercial Banking, other Financial Services
[5] Comprises: Government, Politics, and Public Policy/Think Tanks
[6] Comprises: Administrative and Support Services, Aerospace and Aviation, Communications, Consumer Goods, Product Sales, Defense Contractor, Education, Entertainment and Parks and Recreation, Energy, Entrepreneur, Human Resources, Manufacturing, Publishing, Military Service, Music, Religion, Sales, Travel and Tourism, and Other
[7] For group definitions, see footnotes in table
Employers
The following employers have hired economics majors over the last four years (2012-2015). Many have hired multiple students each year. This data is self-reported by our students.
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Accenture
|
|
ACG Professionals
|
|
Admiral Group plc
|
|
Advisory Board Group
|
|
Aero Nautical Radio of Thailand
|
|
Aldrich Capital Partners
|
|
Alkemy Inc.
|
|
AlphaSights
|
|
Altria Group
|
|
Altus Power Management
|
|
Alvarez and Marsal
|
|
Amazon.com
|
|
American Enterprise Institute (AEI)
|
|
Amerisphere
|
|
Analysis Group
|
|
Ann Inc. E-Commerce
|
|
Appian Corporation
|
|
Applied Predictive Technologies
|
|
Asia Policy Point
|
|
Association for Manufacturing Technolgy – AMT
|
|
AvalonBay Communities
|
|
AXA Advisors
|
|
Bain & Company
|
|
Bank of America Merrill Lynch
|
|
Barclays
|
|
Barret Johnson & Associates
|
|
Bates White Economic Consulting
|
|
Bayview Asset Management
|
|
BB&T
|
|
Berkeley Research Group
|
|
Bessemer Trust
|
|
Bloomberg
|
|
Blue Engine
|
|
Boeing Company
|
|
Booz Allen Hamilton Inc.
|
|
Bouvrie International
|
|
Branksome Hall Asia
|
|
Brown Brothers Harriman
|
|
Bryanston School
|
|
Cambridge Associates
|
|
Cape Eleuthera Institute
|
|
Capgemini
|
|
Capital Group Companies
|
|
Capital One
|
|
CapTech Consulting
|
|
Cardinal Health
|
|
CGI
|
|
Chatham Capital Group
|
|
Choice Hotels International
|
|
C-III Capital Partners
|
|
Citigroup Inc.
|
|
Coleman Research Group
|
|
Compass Lexecon
|
|
comScore
|
|
Congressional Budget Office
|
|
Connelly Partners
|
|
Cooper Center for Public Service, Center for Economic and Policy Studies
|
|
Cornerstone Research
|
|
Corporate Executive Board
|
|
Counterpoint Consulting
|
|
Credit Suisse
|
|
Criterion Economics
|
|
Cvent
|
|
DC Energy
|
|
Dealersocket
|
|
Delicarnes S.A.
|
|
Deloitte LLP
|
|
Dish Network
|
|
Dollar Tree
|
|
Dominion Virginia Power
|
|
Drystone LLC
|
|
Duff & Phelps Corporation
|
|
Dynamics Search Partners
|
|
Eastdil Secured
|
|
Elm Talent Group
|
|
Envestnet
|
|
Epic Systems
|
|
Ernst & Young
|
|
FactSet Research Systems Inc.
|
|
Fannie Mae
|
|
Federal Reserve Bank of New York
|
|
Federal Reserve Board
|
|
Federalist Society
|
|
Financial Technology Partners LP
|
|
First Investors
|
|
Flyer Mountain
|
|
Foulger-Pratt
|
|
Freddie Mac
|
|
FTI Consulting
|
|
Fuse Machines
|
|
GEICO
|
|
Gerson Lehrman Group (GLG)
|
|
Gibbs & Soell Business Communications (G&S Business)
|
|
Goldman Sachs
|
|
Google
|
|
Grant Thornton
|
|
Greenhill & Company
|
|
GSD Company
|
|
Guggenheim Partners
|
|
Hajoca
|
|
Hamilton Lane Advisors
|
|
Hanover Research
|
|
Health Diagnostics Laboratory, Inc.
|
|
Heidrick & Struggles
|
|
Helping Overcome Poverty’s Existence (via Americorp)
|
|
Hickory Ground Solutions
|
|
Home Depot
|
|
Horizon Media
|
|
Houlihan Lokey
|
|
HSBC Investment Bank
|
|
IBM
|
|
ICAP North America, Inc
|
|
Incentive Technology Group
|
|
ING Financial Partners
|
|
InMobi
|
|
InnovateEDU
|
|
INOVA Health System
|
|
Insight Global
|
|
JPMorgan Chase
|
|
JBGR Retail
|
|
Jeffries & Company
|
|
JLL
|
|
Johns Hopkins Applied Physics Laboratory
|
|
Kaplan Test Prep
|
|
Karisimbi Business Partners
|
|
KCIC Consulting
|
|
Kforce
|
|
KPMG
|
|
Ladder Capital
|
|
Leo Burnett
|
|
Lewin Group
|
|
Littler Mendelson, P.C.
|
|
Local Politechs Strategies
|
|
Lockheed Martin
|
|
Macy’s.com
|
|
Make-A-Wish Foundation
|
|
Markel Corporation
|
|
Marwood Group
|
|
MassMutual Greater Richmond
|
|
MBI, Inc.
|
|
McKinsey & Company
|
|
McMaster-Carr
|
|
MeadWestvaco (MWV)
|
|
Mercer
|
|
Merrill Lynch
|
|
Microsoft
|
|
Mizuho Bank Ltd
|
|
Mizuho Securities USA Inc.
|
|
Moelis & Company LLC
|
|
Monmouth School
|
|
MyLamp LLC
|
|
National Association of Attorneys General (NAAG)
|
|
Navigant Consulting, Inc.
|
|
Northrup Grumman Corporation
|
|
Novel Energy Solutions
|
|
Ogilvy & Mather
|
|
Old Edwards Inn and Spa
|
|
Oliver Wyman
|
|
Omnitek Consulting
|
|
Opower
|
|
Oracle Corporation
|
|
P/E Investments
|
|
Palantir Technologies
|
|
Peak6
|
|
PitchBook Data
|
|
PNC
|
|
Power Plan
|
|
PricewaterhouseCoopers (PwC)
|
|
Promontory Financial Group
|
|
Quantitative Investment Management (QIM)
|
|
Red Hat
|
|
Red Ventures
|
|
Reformed University Fellowship
|
|
Resource Environmental Solutions
|
|
Ridgetop Research
|
|
Rimm-Kaufman Group/RKG/Merkle
|
|
Rolls-Royce North America
|
|
Rosenberg Economic Advisors
|
|
Santander
|
|
Schneider Associates
|
|
Self Employed
|
|
S-Game
|
|
Smathers and Branson
|
|
SNL Financial
|
|
Southern Development Homes
|
|
SRA International, Inc.
|
|
Stout Risius Ross
|
|
T. Rowe Price
|
|
Talener Group
|
|
Teach for America
|
|
TerrAlign
|
|
The SI
|
|
Tidewater Independent Schools Young Life
|
|
Tortoise Investment Management
|
|
Tower Strategy Group
|
|
Towers Watson
|
|
Trade Informatics
|
|
Trillium Trading, LLC
|
|
Turner Construction Company
|
|
UBS
|
|
Under Armour
|
|
United States Air Force
|
|
United States Army
|
|
United States Bureau of Labor Statistics
|
|
United States Department of Defense
|
|
United States House of Representatives
|
|
United States Navy
|
|
United States Senate
|
|
University of Virginia
|
|
University of Virginia Athletics
|
|
University of Virginia Global Internship Program
|
|
University of Virginia Health System
|
|
University of Virginia Internship Program
|
|
University of Virginia MD Cell Biology
|
|
Univision
|
|
Urban Institute
|
|
UVIMCO (UVA Investment Management Company)
|
|
Victory Packaging
|
|
Videology
|
|
Vivid Seats
|
|
Vorsight
|
|
Walt Disney World
|
|
Wells Fargo
|
|
Whereoware
|
|
White & Case
|
|
WWL-TV.com
|
|
Yahoo! Inc
|
Graduate Schools
Our students have reported acceptance into the following graduate school programs.
|
School
|
Number of Students Attending
|
|
Bowling Green State University
|
1
|
|
Columbia University
|
1
|
|
Cornell University
|
1
|
|
Duke University
|
2
|
|
Emory University
|
1
|
|
ESADE
|
1
|
|
Georgetown University
|
2
|
|
Ohio State University
|
1
|
|
Uniformed Services University of the Health Sciences
|
1
|
|
University of Arkansas
|
1
|
|
University of California--Berkeley
|
2
|
|
University of California--Los Angeles
|
1
|
|
University of Georgia
|
1
|
|
University of North Carolina--Chapel Hill
|
1
|
|
University of Notre Dame
|
1
|
|
University of Southern California
|
1
|
|
University of Virginia School of Medicine
|
2
|
|
University of Virginia--Architecture School
|
1
|
|
University of Virginia--Batten School of Leadership and Public Policy
|
8
|
|
University of Virginia--Curry School of Education
|
1
|
|
University of Virginia--Graduate School of Arts & Sciences
|
6
|
|
University of Virginia--McIntire School of Commerce
|
14
|
|
University of Virginia--School of Engineering and Applied Science
|
1
|
|
Virginia Commonwealth University
|
1
|
Breakdown of Graduate School Attendance by Degree
Breakdown of Respondents by Gender [8]
[8] Data not available from students double majoring in commerce and economics. 285 students responded to this question. 112 female, 172 male. (39% women 60% male, 1 % no reply) The class breakdown by gender was 149 women and 243 men. (38% female, 62% men). The response ratio almost mirrors the class gender demographics.
Internships and Job Offers
Data not available from students double majoring in commerce and economics. 162 students responded to this question. Also note that not all intern employers offer full time positions to employees.[9]
Majors and Goals [10]
[10] Data not available for students double majoring in economics and commerce. 177 students responded to the first question and 176 students responded to the second.
