What Can I Do With A Major In Economics?

Introduction

Economics is the study of how effectively society meets its human and material needs. It provides a logical, ordered way of looking at various problems. It draws upon history, philosophy, and mathematics to deal with subjects ranging from how an individual household or business can make sound decisions to societal issues such as unemployment, inflation, and environmental decay. As a result, economics is widely recognized as a solid background for many jobs and professions in business, government, and the law.

Economics is one of the most demanding, yet rewarding, disciplines that you can choose to study. Students of economics will gain insight into what motivates people to behave as they do and how different groups with different behaviors interact when they come together. The concepts and tools of analysis that Economics students learn also makes it one of the most adaptable and useful sets of skills a job candidate can have. Employers know that Economics majors are well-prepared analytically to face the challenges of a dynamic world.

More than anything else, economists like to ask questions about the individual and collective choices we make and seek to understand the impact of those choices on the world around us. Economists' quest for knowledge not only addresses questions involving the traditional economy such as: "Does free trade benefit consumers but hurt workers?" and "Does a minimum wage help or hurt the working poor?", but also questions outside of the traditional economy such as: "How do different types of environmental protection affect citizens well being ?", "Why do some people wait to marry and have children and others don't?", and "How do cultural values, levels of inequality, and public institutions affect the productivity of the economy?"

The analytical training and quantitative skills obtained make economics one of the most financially rewarding and flexible undergraduate degrees available. Since most of the skills that people use in their occupations they learn "on the job," employers frequently seek individuals that have the ability to critically analyze and evaluate a variety of complex situations. The skill set obtained by an economics major is just that - the ability to critically, and quantitatively, evaluate a wide range of real-world events.


A Sample of Related Occupations

Related Occupations Related Occupations Related Occupations
Policy Analyst Market Analyst Business Manager
Demographic Analysis Bank or Loan Officer Legal and Litigation Support
Land Use Planner Real Estate Analysis Business/Economic Reporter
Budget Analyst Urban/Regional Planner Investment Analyst
Business Forecaster Financial/Securities Analyst Statistician
Credit Analyst Insurance Analyst Environmental Planner
Research Assistant
   
 

Types of Employers
Private and Non-profit Organizations
 

Environmental

Community Development

Low Income

Land Use Planning

Market Research Companies

Trade Associations

Banks

Accounting Firms

Brokerage Firms

Chamber of Commerce

Insurance Companies

Consulting Firms

Legal Firms

Public Services

Taxation

Property Assessment

City/County/State Government

Public Utility

Environmental Agencies

Economic/Community Development

 
Government Agencies
 

Federal Reserve Banks

Bureau of Labor Statistics

Department of Treasury

Department of State

Central Intelligence Agency

Department of Agriculture

Bureau of Economic Analysis

General Accounting Office

Securities and Exchange Commission

Bureau of Census


Related Web Links

 


Professional Associations


For additional career information, see the Occupational Outlook Handbook