A recent report, What's It Worth: The Economic Value of College Majors, published by the Center on Education and the Workforce at Georgetown University, presents some revealing, but not surprising, information on the value of economic undergraduate education (cew.georgetown.edu/whatsitworth/). Across the board, whether it is agriculture, business, or social science, students who major in agricultural economics (which includes agribusiness and environmental economics), business economics, or economics have the highest or near highest median incomes. Within the Agriculture and Natural Resources category, agricultural economics majors had the second highest median income ($60,000). Only Food Science majors had higher median incomes ($65,000). Within the Business category, business economics had the highest median income ($75,000) of all majors. And among the Social Science category, economics majors had the highest median incomes ($70,000).
As an agricultural economist, I believe what we do is important to our communities, state, nation, and the world. Having a solid foundation in economic thinking enables a person to make not only informed personal decisions but also contribute to public decisions that affect the social fabric and health of our nation. The above report reinforces the idea that the market rewards those who have differentiated themselves and have skills that are in demand. Rigorous economic thinking is needed as much today as ever. The Department of Agricultural Economics at Mississippi State University has a legacy of teaching, research, and outreach that makes a difference. Please let us know if we can assist you in becoming a better economist. It is a good payoff for you and your neighbors.
The Department of Agricultural Economics is committed to improving the economic well-being of the citizens of the state, nation and world by providing educational opportunities and scholarship-based knowledge to encourage life-long learning and economic decision skills related to agriculture, natural resources, and community development.
We believe individual responsibility, accountability, freedom of expression, objectivity, integrity and professionalism are the key ingredients of a departmental culture that provides innovative solutions to the economic challenges facing the people of Mississippi and our nation.