Career Options for Economics Majors

If you have given any consideration to earning an economics degree, you may be wondering about the jobs available for economics degree. By considering the outline provided below, you can obtain an answer to this question and several others that pertain to the field of economics.

Although degree programs within the field of economics will differ from school to school, most of them are primarily designed to equip students with the knowledge and experience necessary to excel in a variety of sectors, including business, government, and education. Typically, economics majors will study cost and production theory, demand theory and estimation, antitrust policy, analysis of market structure, capital budgeting, government regulation of business, unemployment, inflation theory, international economics, and the determination of interest rates. Attaining these types of skills will increase the student’s performance in several job processes, including decision making.

Careers

There are a plethora of job options that individuals who earn an economics degree will have. Some of them include:

Budget Analyst
Budget analysts are individuals that help private and public institutions in the organization of their finances. To accomplish this objective, they perform tasks such as monitoring institutional spending and preparing budget reports. The U.S. Bureau of Labor Statistics reports that budget analysts can earn about $69,280 annually.

Economist
An economist is an individual who studies the production and distribution of goods, services, and resources by collecting data, evaluating economic issues, and researching trends. The U.S. Bureau of Labor Statistics reports that economists can expect to earn about $91,860 per year.

Statistician
A statistician is an individual who utilizes statistical methods to analyze and collect information to help resolve real-world problems in the sciences, engineering, business, and other sectors. The U.S. Bureau of Labor Statistics reports that statisticians earn about $75,560 per year.

The aforementioned jobs are just a few of the many vocational opportunities that an individual who attains an economic degree will be able to access. Several others include:

• Analyst
• Assistant Project Manager
• Field Marketing Associate
• Financial Assistant
• Leasing Consultant
• Loan Officer
• Operations Research Systems Analyst
• Project Administrator
• Research Assistant
• Sales Engineer
• Sales Intern
• State Policy Analyst
• Systems Analyst

In order to be a particularly competitive job candidate, individuals pursuing careers in the field of economics should seriously consider the value of obtaining graduate level education in the form of a Master’s or Ph.D. Additionally, completing an internship and/or doing volunteer work can boost an individual’s ability to attain a job.

If you have given any consideration to obtaining an economics degree, you should know that doing so can help prepare you to have a personally and professionally rewarding career. Now that you are aware of jobs available for economics degree, you can begin the process of deciding which position would best suit your personality, pay requirements, and professional objectives.