TL;DR

Philosophy, Politics, and Economics maps to BLS occupations averaging about $145,141, with roughly 81,400 workers nationwide in those roles. About 539 degrees completed in recent IPEDS counts; median program completion runs near 59%.

Key Statistics

539
Total Degrees Awarded (2023)
$13,854
Median In-State Public Tuition
$41,825
Median Out-of-State Private Tuition
$145,141
Avg. Wage (related occupations)
81,400
Workers (related occupations)
59.4%
Median Graduation Rate (4-yr schools)
40
Bachelor's Completions (IPEDS 2023)

Philosophy, Politics, and Economics: what the data shows

Common questions about philosophy, politics, and economics degrees, answered from IPEDS, College Scorecard, BLS OEWS, and O*NET in this repository—not program marketing copy.

What is a philosophy, politics, and economics degree?

A Philosophy, Politics, and Economics program is classified under NCES CIP 00.3051 in the 00.0030 field family (00.30).

IPEDS counted 539 completions for this CIP in the survey year in our extract.

Types of philosophy, politics, and economics degrees and related programs

Other NCES program codes in the 00.30 family with pages on EDsmart Data:

How long does it take to get a philosophy, politics, and economics degree?

Award levels reported to IPEDS for CIP 00.3051 in our file:

  • 40 Bachelor's (17.4% of IPEDS total)—typically four years
  • 190 Master's (82.6% of IPEDS total)—one to two years beyond a bachelor's

Time to completion depends on enrollment intensity and transfer credits; figures above describe credential type, not calendar time for every student.

What do you learn in philosophy, politics, and economics?

O*NET skill ratings for occupations mapped to this major emphasize Reading Comprehension, Critical Thinking, Mathematics, Writing, Judgment and Decision Making, Speaking, and related competencies. See the Skills section for the full list in our extract.

What degree do you need?

For Economists (top mapped occupation), O*NET incumbent surveys in our career profile report these education credentials most often: Some college (29%), High School or Equivalent (27%), Bachelors Degree (22%).

O*NET education distributions describe incumbent workers, not minimum legal or employer requirements.

What jobs can you get with a philosophy, politics, and economics degree?

Our degree→occupation mapping links Philosophy, Politics, and Economics to the BLS roles below. Employment is U.S. OEWS; median wage is national May 2024 where published in our extract.

OccupationU.S. employmentMedian annual wage
Economists15,880$115,440
Personal Financial Advisors270,480$102,140
Financial Analysts340,580$101,350
Economics Teachers, Postsecondary12,420$119,980
Philosophy and Religion Teachers, Postsecondary20,840$78,050
Morticians, Undertakers, and Funeral Arrangers25,700$49,800

See Careers & Jobs for mean wages and industry context.

Is a philosophy, politics, and economics degree worth it?

Among schools reporting in our Scorecard extract, median published in-state tuition is $13,854 and median net price is $20,694.

We do not score "worth" on opinion—compare debt, earnings, wages for mapped occupations, and completion data above against your cost and career target.

Institutions

Information about the types of higher education institutions that grant degrees in Philosophy, Politics, and Economics and the types of students that study this field.

Tuition Costs for Common Institutions

$13,854 Median In-State Public

$41,825 Median Out of State Private

Tuition costs for Philosophy, Politics, and Economics majors are, on average, $13,854 for in-state public colleges, and $41,825 for out of state private colleges.

Tuition costs comparison for Philosophy, Politics, and Economics programs.

Degrees Awarded Over Time

539 Total Degrees Awarded in 2023

This chart shows the number of degrees awarded in Philosophy, Politics, and Economics from 2015 to 2023.

Historical trend of degrees awarded in Philosophy, Politics, and Economics.

Top 5 Schools by Enrollment

# School State Enrollment
1 University of Arizona AZ 40,769
2 University of Michigan-Ann Arbor MI 33,488
3 University at Buffalo NY 20,284
4 Bowling Green State University-Main Campus OH 12,255
5 Calvin University MI 2,921

Schools with the largest enrollment offering Philosophy, Politics, and Economics programs.

Top 5 Most Affordable Tuition

# School State Tuition
1 Southeastern Baptist Theological Seminary NC $10,646
2 University at Buffalo NY $10,782
3 University of Arizona AZ $13,626
4 Bowling Green State University-Main Campus OH $14,081
5 Criswell College TX $14,310

Schools with the lowest tuition costs for Philosophy, Politics, and Economics programs.

Top 5 Lowest Net Price

# School State Net Price
1 Southeastern Baptist Theological Seminary NC $6,608
2 Criswell College TX $12,929
3 University of Michigan-Ann Arbor MI $14,832
4 University of Arizona AZ $15,960
5 Swarthmore College PA $18,686

Schools with the lowest average net price for Philosophy, Politics, and Economics programs.

Graduation Rates

59.36% Median Graduation Rate (150% of normal time)

57.43% Average Graduation Rate

144 Institutions Reporting

43.88% - 71.16% Interquartile Range

Graduation/completion rates for Philosophy, Politics, and Economics programs across institutions.

Related specializations

Other NCES program codes in the 00.30 CIP family with dedicated pages on EDsmart Data.

Degree Levels (IPEDS)

Completions reported to IPEDS for CIP 00.3051 in the survey year used in our extract (230 total across levels below).

  • 40 Bachelor's (17.4% of IPEDS total)
  • 190 Master's (82.6% of IPEDS total)

Source: IPEDS Completions (c2024_a), summed by award level for this CIP.

Careers & Jobs

Occupations linked to this major in our degree→career mapping, with wages and employment from processed BLS career profiles in this repo.

Across these BLS occupations, employment-weighted mean pay is about $145,141. Figures are national OEWS estimates for the occupation—not earnings of Philosophy, Politics, and Economics graduates alone.

Related occupations (BLS OEWS)

Occupation Mean annual wage U.S. employment
Economists$128,98315,880
Personal Financial Advisors$173,641270,480
Financial Analysts$131,249340,580
Economics Teachers, Postsecondary$155,41212,420
Philosophy and Religion Teachers, Postsecondary$119,85120,840
Morticians, Undertakers, and Funeral Arrangers$54,81525,700

Open each occupation for full career profile charts and industry breakdowns on EDsmart Data.

Employment

Wages and industry mix below use BLS OEWS data for occupations linked to this major in our mapping—not a graduate earnings survey.

Yearly Income for Common Jobs

$146,528 Average Wage in Workforce

The average salary for Philosophy, Politics, and Economics majors is $146,528.

Average annual salaries of the most common occupations for Philosophy, Politics, and Economics majors.

Occupations by Share

81,400 2023 Workforce

The number of Philosophy, Politics, and Economics graduates in the workforce has been growing.

Various jobs filled by those with a major in Philosophy, Politics, and Economics by share of the total number of graduates.

Diversity

Demographic information for those who earn a degree in Philosophy, Politics, and Economics in the United States.

Workforce Age

N/A Average Age in 2023

This chart shows distribution of ages for employees with a degree in Philosophy, Politics, and Economics.

Age distribution for Philosophy, Politics, and Economics degree holders in the workforce.

Gender Distribution

Gender distribution data is not available for this degree program.

Gender distribution of Philosophy, Politics, and Economics degree recipients.

Race and Ethnicity Distribution

Race and ethnicity distribution data is not available for this degree program.

Racial and ethnic distribution of Philosophy, Politics, and Economics degree recipients.

Degrees Awarded

The most common degree types awarded to students graduating in Philosophy, Politics, and Economics are Bachelors Degree, Masters Degree, and Associates Degree.

Distribution of degree types awarded in Philosophy, Politics, and Economics.

Skills

Data on the critical and distinctive skills necessary for those working in the Philosophy, Politics, and Economics field from the Bureau of Labor Statistics.

Required Skills

Philosophy, Politics, and Economics majors need many skills, but most especially Critical Thinking, Active Listening, and Reading Comprehension.

Rating of how necessary various skills are for Philosophy, Politics, and Economics majors.

Skills Bar Chart

This bar chart shows the same information as the radar chart, displaying the importance of each skill.

Skill importance ratings for Philosophy, Politics, and Economics majors.

About

Philosophy, Politics, and Economics

In 2023, 539 degrees were awarded across all undergraduate and graduate programs in Philosophy, Politics, and Economics.

CIP Code

00.3051 - Philosophy, Politics, and Economics

What the data shows

Mapped BLS occupations show employment-weighted mean pay of about $145,141. The largest mapped role by headcount is Economists (15,880 U.S. jobs in OEWS).

Published tuition medians in College Scorecard land at $13,854 in-state at public colleges and $41,825 at private institutions for programs in this field.

Data Sources

This page uses data from the following sources:

  • College Scorecard - U.S. Department of Education
    • Institutional characteristics, costs, completion rates, and earnings data
    • Data years: 2015-2024
    • Source: collegescorecard.ed.gov
  • Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
    • Employment and wage data by occupation
    • Latest data: May 2024
    • Source: bls.gov/oes
  • O*NET Online - U.S. Department of Labor
    • Occupational skills, knowledge, abilities, and work activities
    • Database version: 28.0 (August 2023)
    • Source: onetcenter.org
  • IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
    • Institutional data, completions, enrollment, and financial aid
    • Data years: 2015-2024
    • Source: nces.ed.gov/ipeds
  • Census Bureau American Community Survey (ACS)
    • Demographic and workforce data
    • Latest data: 2023 ACS 5-Year Estimates
    • Source: census.gov/acs

Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.

Last Updated: Data reflects the most recent available information as of January 2025.

Methodology

Data for this profile is sourced from the U.S. Department of Education's College Scorecard dataset, IPEDS completion data, and Bureau of Labor Statistics employment data.

All financial figures are adjusted for inflation and represent the most recent available data. Employment and wage data are from the most recent Census Bureau ACS PUMS estimates.