What Jobs Are Available for an Economics Major?
Economists collect and analyze data, research monetary situations, analyze economic conditions and situations, and forecast and plan strategies based on all of this information. Economics majors are taught to deal with numbers and details, and to effectively use problem-solving techniques. Economics majors are taught highly marketable skills and will find there are many different career choices available.
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Finance, Accounting and Banking
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Economics majors have a good understanding of financial concepts and strategies. They also deal with numbers and can draw conclusions about the climate of the economy based on their findings. These skills are highly sought after in positions dealing directly with money. Economists will often have successful careers in such fields as finance, accounting and banking. Economics majors may seek positions as financial advisers, securities traders, investment bankers, staff accountants, credit analyst loan officers, investment analysts or freelance analysts.
Government, Public Policy
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Economics majors understand socioeconomic class issues as well as economic trends and their impact. They can also make predictions based on such information. For this reason, economy majors may find positions working for federal government agencies such as the Department of Labor, the Federal Reserve or the Department of Commerce. They may also find employment as speechwriters and forecasters who help analyze the potential consequences of budget changes, tax increases and new laws.
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Business, Sales, Marketing
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Economics majors learn important skills, such as problem solving, organizing and memorizing data, and computer literacy. They need to be detail-oriented and to work well under pressure. These are highly sought after skills in business. Also, businesses need people to analyze trends and predict customer demand to increase profits. Therefore, economists would do well as marketing analysts, business analysts, business consultants, entrepreneurs and in upper-management positions. Sales and marketing are also popular career choices for economics majors.
Other Options
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Economists conduct and explain scientific research, organize statistical information and draw logical conclusions from this information. The opportunities for economists reach far beyond corporations and government agencies. Many successful economists go on to earn master's and doctoral degrees that lead to higher-paying and more advanced positions. Economists often establish careers in the fields of research, education, journalism, nonprofit organizations and law.
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