Virginia·Life, Physical, and Social Science Occupations·SOC 19-3011

Best Economist programs in Virginia, ranked by enrollment

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy.

28 schools in Virginia run programs that feed this job, graduating 1,394 people a year. The job pays a median of $137,590 in Virginia across about 950 jobs (BLS OEWS May 2025).

Also calledEconomistEconomic AnalystForensic EconomistResearch EconomistResource EconomistEconomic ConsultantEnvironmental EconomistNatural Resource Economist
Graduates / yr
1,394
in Virginia
Median pay · Virginia
$137,590
BLS OEWS May 2025
Jobs in state
950
people employed
Schools
28
with a feeder program
Avg graduation rate
66%
across those schools
Median net price
$21,981
per year, IPEDS

Fields of study in Virginia that lead to this job

Grouped at the 4-digit CIP level. Numbers are graduates per year in this state.

9 programs in Virginia that lead to this job

Ranked by graduates per year in Virginia (IPEDS completions). Graduate earnings and debt are national College Scorecard figures reported at the 4-digit CIP level, so specializations within one field share a figure. Each program also links to its own Virginia page.

Degree programs that lead to this occupation, ranked by graduates per year
#ProgramGraduates / yrShare of pipelineSchoolsGrad earnings (1 yr)Median debt
1
CIP 45.0603In Virginia
775
55.6%
9$51,725$22,907
2
CIP 45.0601In Virginia
289
20.7%
18$51,725$22,907
3
CIP 27.0305In Virginia
153
11.0%
4$60,930$21,143
4
CIP 52.0601In Virginia
119
8.5%
6$53,269$21,962
5
CIP 45.0602In Virginia
22
1.6%
1$51,725$22,907
6
CIP 30.5101In Virginia
15
1.1%
1
7
CIP 01.0103In Virginia
14
1.0%
1$47,242$19,964
8
CIP 45.0604In Virginia
6
0.4%
2$51,725$22,907
9
Economics, Othermain feeder
CIP 45.0699In Virginia
1
0.1%
1$51,725$22,907

Top 25 schools in Virginia

Ranked by graduates per year into this job. Graduate earnings are reported for 13 of the 28 schools in this state.

Schools ranked by graduates per year into this occupation
#SchoolGraduates / yrTop feeder programGrad earnings (1 yr)Grad rateNet priceAcceptance
1University of Virginia - Main Campus
Charlottesville, VA Public · 2 feeder programs
423Econometrics and Quantitative Economics$74,95896%17%
2William & Mary
Williamsburg, VA Public · 3 feeder programs
204Econometrics and Quantitative Economics$65,60389%34%
3George Mason University
Fairfax, VA Public · 2 feeder programs
176Econometrics and Quantitative Economics$53,02468%87%
4Virginia Polytechnic Institute and State University
Blacksburg, VA Public · 5 feeder programs
151Economics, General$56,26186%55%
5James Madison University
Harrisonburg, VA Public · 4 feeder programs
87Econometrics and Quantitative Economics$62,28680%72%
6Hampden - Sydney College
Hampden-Sydney, VA Private not-for-profit · 3 feeder programs
84Business/Managerial Economics$52,08762%$21,03441%
7Virginia Military Institute
Lexington, VA Public · 1 feeder programs
45Economics, General$46,04676%71%
8University of Richmond
University of Richmond, VA Private not-for-profit · 1 feeder programs
41Econometrics and Quantitative Economics$61,02785%$24,04922%
9Virginia Commonwealth University
Richmond, VA Public · 2 feeder programs
36Business/Managerial Economics$45,37063%93%
10Washington and Lee University
Lexington, VA Private not-for-profit · 1 feeder programs
33Economics, General$71,73794%$11,98314%
11Christopher Newport University
Newport News, VA Public · 1 feeder programs
32Economics, General$45,30972%86%
12Liberty University
Lynchburg, VA Private not-for-profit · 1 feeder programs
15Philosophy, Politics, and Economics65%$28,91199%
13Virginia State University
Petersburg, VA Public · 1 feeder programs
13Business/Managerial Economics39%89%
14University of Mary Washington
Fredericksburg, VA Public · 1 feeder programs
11Economics, General$45,15366%80%
15Patrick Henry College
Purcellville, VA Private not-for-profit · 1 feeder programs
9Business/Managerial Economics74%77%
16Radford University
Radford, VA Public · 1 feeder programs
8Economics, General$45,18949%90%
17Old Dominion University
Norfolk, VA Public · 1 feeder programs
6Econometrics and Quantitative Economics46%90%
18Longwood University
Farmville, VA Public · 1 feeder programs
4Economics, General61%90%
19Regent University
Virginia Beach, VA Private not-for-profit · 1 feeder programs
3Development Economics and International Development57%$18,67738%
20Bridgewater College
Bridgewater, VA Private not-for-profit · 1 feeder programs
2Economics, General53%$19,48592%
21Emory & Henry University
Emory, VA Private not-for-profit · 2 feeder programs
2Economics, Other56%$20,44684%
22Roanoke College
Salem, VA Private not-for-profit · 1 feeder programs
2Economics, General67%$24,60483%
23University of Lynchburg
Lynchburg, VA Private not-for-profit · 1 feeder programs
2Economics, General57%$19,48843%
24Eastern Mennonite University
Harrisonburg, VA Private not-for-profit · 1 feeder programs
1Economics, General67%$21,933100%
25Hampton University
Hampton, VA Private not-for-profit · 1 feeder programs
1Business/Managerial Economics57%$34,26862%

All 28 schools in Virginia

Every school in Virginia with a program that feeds this job, ordered by graduates per year. Earnings are shown for the ranked schools above; open a school profile for the rest.

All schools in Virginia that feed this occupation
SchoolCityControlGraduates / yrFeeder programs
University of Virginia - Main CampusCharlottesvillePublic4232
William & MaryWilliamsburgPublic2043
George Mason UniversityFairfaxPublic1762
Virginia Polytechnic Institute and State UniversityBlacksburgPublic1515
James Madison UniversityHarrisonburgPublic874
Hampden - Sydney CollegeHampden-SydneyPrivate not-for-profit843
Virginia Military InstituteLexingtonPublic451
University of RichmondUniversity of RichmondPrivate not-for-profit411
Virginia Commonwealth UniversityRichmondPublic362
Washington and Lee UniversityLexingtonPrivate not-for-profit331
Christopher Newport UniversityNewport NewsPublic321
Liberty UniversityLynchburgPrivate not-for-profit151
Virginia State UniversityPetersburgPublic131
University of Mary WashingtonFredericksburgPublic111
Patrick Henry CollegePurcellvillePrivate not-for-profit91

What economists earn in Virginia

What people already working in this job earn (BLS OEWS May 2025). Not graduate earnings.

Median annual in Virginia
$137,590
Mean annual
$144,880
Jobs in state
950
What the range looks like
10th pct$74,600Median$137,59090th pct$232,410
Versus the national median
+10.3%

U.S. median $124,720. Virginia pays above the national figure.

Job concentration
2.01×

Concentrated here: Virginia employs more of this job per worker than the U.S. average.

Metro areas in Virginia

Richmond, VA
$112,330median
120 jobs
Virginia Beach-Chesapeake-Norfolk, VA-NC
$103,600median
50 jobs

Job outlook

Bureau of Labor Statistics Employment Projections, 2024 to 2034.

Projected growth 2024–34
+1.2%
Little or no change
Openings per year
900
new jobs plus replacements
Employment change
200
17,600 → 17,800
Typical entry education
Master's degree

Growth and openings are national. The Bureau of Labor Statistics does not publish employment projections at state level, so these figures describe the occupation across the whole U.S., not this state alone.

How to get in

The full skills, tools, and day-to-day breakdown lives on the national Economists page.

How to become a Economist

Job zone 5 of 5 · SVP 8.0 and above
Typical entry education
Master's degree

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).

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.

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.

Top skills

Reading ComprehensionCritical ThinkingWritingMathematicsActive ListeningActive Learning

The same job in other states

Where else this occupation employs the most people, and what it pays there.

Related careers in Virginia

Every major mapped to this job

The official federal mapping behind the rankings above.

All 16 majors mapped to Economists16 of them graduated someone in the latest IPEDS year. NCES CIP 2020 → SOC 2018 crosswalk.+
  • 01.0103Agricultural Economics
  • 03.0204Environmental/Natural Resource Economics
  • 27.0305Financial Mathematics
  • 30.3901Economics and Computer Science
  • 30.4001Economics and Foreign Language/Literature
  • 30.4901Mathematical Economics
  • 30.5101Philosophy, Politics, and Economics
  • 45.0601Economics, General
  • 45.0602Applied Economics
  • 45.0603Econometrics and Quantitative Economics
  • 45.0604Development Economics and International Development
  • 45.0605International Economics
  • 45.0699Economics, Other
  • 45.1004Political Economy
  • 51.2007Pharmacoeconomics/Pharmaceutical Economics
  • 52.0601Business/Managerial Economics

Common questions

Answers for people weighing economists programs in Virginia.

What degree do you need to become an Economist?+

Master's degree is the typical entry-level education BLS reports for this occupation. The most common program people actually graduate from is Econometrics and Quantitative Economics, which awarded 775 degrees in Virginia in 2024-25, 55.6% of everyone graduating from a program that feeds this career.

Which college majors lead to becoming an Economist?+

The NCES CIP-to-SOC crosswalk maps 9 programs to this occupation. The largest are Economics, Applied Mathematics, Business/Managerial Economics, Philosophy, plus 1 more. Together they graduate about 1,394 people a year in Virginia.

How much do economists earn in Virginia?+

The median is $137,590 a year (BLS OEWS May 2025). That is 10.3% above the U.S. median of $124,720. This is pay for people already working in the occupation, not the same thing as graduate earnings one year after finishing a degree.

Is demand for economists growing?+

BLS projects a +1.2% change in employment between 2024 and 2034, little or no change, with roughly 900 openings a year nationally once retirements and job changes are counted.

How many schools offer programs for this career in Virginia?+

28 institutions in Virginia reported graduates from at least one of the 9 programs that feed this occupation in IPEDS 2024-25. Rankings on this page use graduates per year, because the federal data publishes no enrollment count by program.

What other job titles do economists work under?+

Employers advertise this work under many names. O*NET records Economist, Economic Analyst, Forensic Economist, Research Economist, Resource Economist, Economic Consultant among the most commonly reported, all mapping to SOC 19-3011.

About the data on this page

Rankings use IPEDS completions 2024–25, degrees awarded per year. That is the closest federal measure of how many people a program puts into a career, because no federal dataset publishes enrollment by program. Wages and employment come from BLS OEWS May 2025, growth and openings from BLS Employment Projections 2024-34, and which majors lead to which jobs from the NCES CIP 2020 to SOC 2018 crosswalk. Occupation descriptions, tasks, skills and tools are O*NET 30.3 (CC BY 4.0, U.S. Department of Labor/ETA).

  • BLS Occupational Employment & Wage Statistics

    May 2025

    Wages, employment counts, location quotients and metro breakdowns.

  • BLS Employment Projections

    2024–34

    Projected growth, annual openings and typical entry-level education.

  • IPEDS Completions

    2024-25 (provisional)

    Graduates per year by program and institution — the ranking metric.

  • College Scorecard, Field of Study

    2020-21 cohorts

    Median graduate earnings one year after completion, and median debt.

  • Census Post-Secondary Employment Outcomes

    latest available

    Graduate earnings 1/5/10 years out, where the state participates.

  • NCES CIP 2020 and the CIP-to-SOC 2018 crosswalk

    CIP 2020 / SOC 2018

    Which college programs officially lead to this occupation.

  • O*NET Database 30.3

    30.3

    Tasks, skills, knowledge, tools, job zone and alternate job titles.

    Official source →CC BY 4.0, U.S. Department of Labor / ETA

All Clema data sources and release dates →

Explore every U.S. college in one conversation

Clema turns plain-language questions into sourced answers across every U.S. institution — earnings, aid, acceptance, graduation, safety, and athletics from IPEDS, College Scorecard, and 10+ federal datasets, built in.

Free for teams up to 3 · No credit card