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user_name · 09-06-2006, 07:52 AM

Starting salaries for economists working in the private sector in 2002 according to Siegfried and Stock (2002):
Median: 94,500
Mean: 97,000
Low: 57,000
High: 300,000

I guess it's lower than an MBA's salary because an MBA usually has some work experience before going to business school. Some econ PhD's go to grad school right after college, others have work experience as research assistants which may not be particularly relevant for working in the private sector.

PS: I just found out that the salaries for economists reported are base salaries, while US News apparently reports salaries and bonuses.

09-06-2006, 07:52 AM	#5 (permalink)
user_name Within my grasp! Join Date: Aug 2006 Posts: 455	Starting salaries for economists working in the private sector in 2002 according to Siegfried and Stock (2002): Median: 94,500 Mean: 97,000 Low: 57,000 High: 300,000 I guess it's lower than an MBA's salary because an MBA usually has some work experience before going to business school. Some econ PhD's go to grad school right after college, others have work experience as research assistants which may not be particularly relevant for working in the private sector. PS: I just found out that the salaries for economists reported are base salaries, while US News apparently reports salaries and bonuses. Last edited by user_name : 09-06-2006 at 10:31 AM.