Natural Resources And ConservationSpecialization of Environmental/Natural Resources Management and Policy

Best institutions to study Environmental/Natural Resource Economics

CIP 03.0204

A program that focuses on the application of economic concepts and methods to the analysis of issues such as air and water pollution, land use planning, waste disposal, invasive species and pest control, conservation policies, and related environmental problems.

19 U.S. institutions graduated 323 Environmental/Natural Resource Economics students in 2024–25 (IPEDS). It is CIP 03.0204, a specialization of Environmental/Natural Resources Management and Policy (CIP 03.02), and leads most directly to the Economists occupation (BLS SOC 19-3011).

Institutions
19
offering CIP 03.0204
States & territories
17
with graduates reported
Graduates / yr
323
IPEDS completions 2024–25
Women
59%
share of graduates
US median pay · Economists
$124,720
BLS OEWS May 2025
Share of Environmental/Natural Resources Management and Policy
10%
of all Environmental/Natural Resources Management and Policy graduates

About Environmental/Natural Resource Economics programs

Official NCES definition · CIP 03.0204
A program that focuses on the application of economic concepts and methods to the analysis of issues such as air and water pollution, land use planning, waste disposal, invasive species and pest control, conservation policies, and related environmental problems. Includes instruction in cost-benefit analysis, environmental impact assessment, evaluation and assessment of alternative resource management strategies, policy evaluation and monitoring, and descriptive and analytic tools for studying how environmental developments affect the economic system.
Also offered asEnvironmental Economics and Policy

See also: 01.0103 - Agricultural Economics.

Source: National Center for Education Statistics, Classification of Instructional Programs (CIP 2020).

The Environmental/Natural Resource Economics program focuses on applying economic principles to address environmental issues such as pollution, land use, and conservation policies. This program is designed for students interested in the intersection of economics and environmental management, preparing them to analyze and develop strategies for sustainable resource use.

What you'll learn

Students in this program gain essential skills in critical thinking, mathematics, and data analysis. Coursework typically includes instruction in cost-benefit analysis, environmental impact assessment, and resource management strategies, equipping graduates with the tools to evaluate and address environmental challenges.

Credentials awarded

What Environmental/Natural Resource Economics graduates earned in 2024–25, by award level (IPEDS completions).

  • Bachelor's degree269 graduates / yr · 8 institutions
    83%
  • Award of at least 12 weeks but less than 1 academic year22 graduates / yr · 5 institutions
    6.8%
  • Master's degree18 graduates / yr · 4 institutions
    5.6%
  • Postbaccalaureate certificate8 graduates / yr · 3 institutions
    2.5%
  • Doctor's degree - research/scholarship6 graduates / yr · 2 institutions
    1.9%

Graduates over time

Environmental/Natural Resource Economics completions reported to IPEDS each year, all award levels combined.

323graduates in 2025
+263% since 2012
2012202589323
Graduates per year (IPEDS completions)
YearGraduates
201289
201377
201487
201582
2016110
2017111
201887
2019122
2020142
2021116
2022136
2023214
2024182
2025323

Top 19 institutions for Environmental/Natural Resource Economics, ranked by graduates

Graduates (IPEDS completions), 2024–25. Award levels show which credentials each institution confers in this specialization.

#InstitutionGraduates / yrGrad rateNet priceField earnings* (1 yr)
1University of California - Berkeley
Berkeley, CAPublicBachelor's
16693%——
2University of Rhode Island
Kingston, RIPublicBachelor'sAward of at least 12 weeks but less than 1 academic year
4373%—$44,445
3Loyola University Chicago
Chicago, ILPrivate not-for-profitBachelor's
2073%$33,454—
4Michigan State University
East Lansing, MIPublicBachelor's
1881%—$48,967
5Oregon State University
Corvallis, ORPublicBachelor's
1870%—$39,422
6University of Delaware
Newark, DEPublicMaster'sDoctoral
981%——
7University of New Hampshire - Main Campus
Durham, NHPublicBachelor's
976%—$41,681
8Tuskegee University
Tuskegee, ALPrivate not-for-profitMaster's
655%$33,313—
9The University of Tennessee - Knoxville
Knoxville, TNPublicBachelor's
674%——
10West Virginia University
Morgantown, WVPublicDoctoral
465%—$47,232
11Universidad Ana G. Mendez - Cupey Campus
San Juan, PRPrivate not-for-profitMaster's
431%$8,290—
12Arizona State University Campus Immersion
Tempe, AZPublicPost-degree cert.
368%——
13University of Chicago
Chicago, ILPrivate not-for-profitPost-degree cert.
396%$13,333—
14Michigan Technological University
Houghton, MIPublicPost-degree cert.Master's
368%——
15Western Washington University
Bellingham, WAPublicAward of at least 12 weeks but less than 1 academic year
365%——
16University of Wisconsin - Stevens Point
Stevens Point, WIPublicAward of at least 12 weeks but less than 1 academic year
351%—$40,553
17Mississippi State University
Mississippi State, MSPublicBachelor's
267%——
18University of Toledo
Toledo, OHPublicAward of at least 12 weeks but less than 1 academic year
257%——
19Rowan University
Glassboro, NJPublicAward of at least 12 weeks but less than 1 academic year
167%——

* Median earnings 1 year after graduation for the broader Environmental/Natural Resources Management and Policy field (CIP 03.02) at these institutions; College Scorecard does not publish earnings at the 6-digit level.

Offered in 17 states & territories

Where Environmental/Natural Resource Economics graduates come from. Each state links to all Environmental/Natural Resources Management and Policy programs offered there.

Careers & outlook

The payoff after graduation: occupation 19-3011, Economists, and its national outlook.

Graduates of Environmental/Natural Resource Economics can pursue careers as economists, social science research assistants, and economics teachers, among others. The job outlook for related occupations shows little to no change, with an estimated 900 annual openings and a median wage of $115,440, typically requiring a master's degree.

Projected growth (2024–2034)
+1.2%
Little or no change
Openings / yr (US)
~900
BLS Employment Projections
US median wage
$115,440
typically Master's degree
National employment
17,790
Economists
US average pay
$142,130
annual, BLS OEWS May 2025
US median pay
$124,720
annual

Top-paying metros

New York-Newark-Jersey City, NY-NJ
$184,860avg
Washington-Arlington-Alexandria, DC-VA-MD-WV
$166,140avg
Durham-Chapel Hill, NC
$159,310avg
St. Louis, MO-IL
$156,690avg
Los Angeles-Long Beach-Anaheim, CA
$155,860avg

Career pathways for CIP 03.0204

The occupations the NCES crosswalk maps this 6-digit code to, with BLS pay and 10-year outlook.

OccupationUS median payGrowthOpenings / yrTypical entry education
Economistsprimary
SOC 19-3011
$124,720+1.2%
Little or no change
~900Master's degree
Managers, All Other
SOC 11-9199
$141,900+4.5%
About as fast as average
~106,700Bachelor's degree
Social Science Research Assistants
SOC 19-4061
$61,990+4.4%
About as fast as average
~5,200Bachelor's degree
Economics Teachers, Postsecondary
SOC 25-1063
$123,920+2.1%
About as fast as average
~1,200Doctoral or professional degree
Preparation needed

Job Zone Five: Extensive Preparation Needed

Education
Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
Experience
Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
Training
Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.

Related careers

Social Science Research Assistants
$66,140 avg · 30,640 jobs
Economists
$142,130 avg · 17,790 jobs
Economics Teachers, Postsecondary
$138,850 avg · 11,560 jobs

Skills & knowledge in Environmental/Natural Resource Economics programs

From the U.S. Dept. of Labor for the occupation this specialization most leads to.

Skills you'll build

Critical Thinking
Mathematics
Reading Comprehension
Speaking
Active Listening
Writing
Active Learning
Monitoring

Knowledge areas

Mathematics
Economics and Accounting
English Language
Computers and Electronics
Education and Training
Communications and Media

Abilities that matter most

Mathematical Reasoning
Inductive Reasoning
Written Comprehension
Deductive Reasoning
Oral Expression
Written Expression

Day-to-day work activities

Analyzing Data or Information
Working with Computers
Getting Information
Processing Information
Interpreting the Meaning of Information for Others
Updating and Using Relevant Knowledge

What graduates do on the job

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Explain economic impact of policies to the public.
  • Review documents written by others.
  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

Tools and technology used

Aptech Systems GAUSSC++Camfit Data Limited MicrofitCorel QuattroProCorel WordPerfect Office SuiteEconometric Software LIMDEPESRI ArcViewEstima Regression Analysis of Time Series RATS

Other Environmental/Natural Resources Management and Policy specializations

The 8 other 6-digit CIP codes under Environmental/Natural Resources Management and Policy (CIP 03.02).

Common questions

What degree do I earn in this program?+

You can earn a Bachelor's degree, Master's degree, or other certificates.

What skills will I develop?+

You will develop skills in critical thinking, mathematics, and data analysis.

What careers can I pursue with this degree?+

You can work as an economist, social science research assistant, or in various management roles.

What is the job outlook for this field?+

The job outlook is stable, with little change expected and a median wage of $115,440.

What is the CIP code for Environmental/Natural Resource Economics?+

Environmental/Natural Resource Economics is CIP 03.0204 in the NCES Classification of Instructional Programs (CIP 2020), a 6-digit specialization within Environmental/Natural Resources Management and Policy (CIP 03.02). NCES defines it as: A program that focuses on the application of economic concepts and methods to the analysis of issues such as air and water pollution, land use planning, waste disposal, invasive species and pest control, conservation policies, and related environmental problems. Includes instruction in cost-benefit analysis, environmental impact assessment, evaluation and assessment of alternative resource management strategies, policy evaluation and monitoring, and descriptive and analytic tools for studying how environmental developments affect the economic system.

How many institutions offer Environmental/Natural Resource Economics programs?+

19 U.S. institutions reported Environmental/Natural Resource Economics graduates in IPEDS 2024–25, across 17 states & territories, awarding 323 credentials in the year. That is 10.4% of all Environmental/Natural Resources Management and Policy graduates.

How much do Environmental/Natural Resource Economics graduates earn?+

Earnings are not published at the 6-digit CIP level by any federal source. The Economists occupation, which Environmental/Natural Resource Economics most directly leads to, pays a median of $124,720 a year nationally (BLS OEWS May 2025), and graduates of the broader Environmental/Natural Resources Management and Policy field report median earnings of $44,445 one year after graduation (College Scorecard).

About the data on this page

Every figure comes from an official federal or public source. Here is each one and the release it is currently on.

IPEDSFall 2025–26 release, published July 28, 2026
Enrollment, completions, graduation rates, tuition, financial aid, staffing, and finance for every U.S. institution in federal student aid programs.
College ScorecardJune 10, 2026 release (merged 2025–26 files)
Institution and field-of-study costs, graduate earnings, debt, completion, and admissions outcomes compiled from federal aid records, tax data, and IPEDS.
BLS wages & outlookOEWS May 2025 release
Occupational employment and wage estimates plus 10-year job outlook, used to connect programs to real-world earnings.

Program definitions are from the NCES Classification of Instructional Programs (CIP 2020). Skills, knowledge, abilities, work activities, tools, and job zones are from the O*NET database by the U.S. Department of Labor, used under the CC BY 4.0 license.

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