var selectedOptionText = $('#mySelectID').find(":selected").text();//selected option text
var selectedOptionVal = $('#mySelectID').find(":selected").val();//selected option value
Example 2: get text in select jquery
$("#id option:selected").text();
Example 3: jquery selected option value
$(document).ready(function(){
$("select.country").change(function(){
var selectedCountry = $(this).children("option:selected").val();
alert("You have selected the country - " + selectedCountry);
});
Example 5: jquery get dropdown list selected value
$('#dropDownId').val();
Example 6: select box get value
// reference to 'scripts' select list
// used throughout the examples below
var sel = document.getElementById('scripts');
// display value property of select list (from selected option)
console.log( sel.value );