There are many job options for those with training or a degree in economics or related majors. They include:. In addition to these jobs, TheBalanceCareers. The American Economic Association AEA notes that economics intersects many disciplines and professional environments, with applications in health, gender, the environment, education and immigration.
The Bureau of Labor Statistics projects that employment for economists will grow six percent from to , about as fast as the average for all occupations. Besides strong analytical aptitude, economist jobs require training and skills in communication, critical thinking, math, and writing, as well as an aptitude for detailed work.
Leadership capabilities, teamwork, and language skills are also highly valued in the profession. The skill sets acquired in securing a degree in economics can be applied to many other professions. For example, a key component of studying economics is learning how to take into account all the factors and processes in decision-making. For instance, a software engineer trained in economics principles and skills can apply that knowledge to explore multiple options to build and market software.
In fact, designing the architecture behind software requires balancing trade-offs, forecasting future usage of the software, having discussions about its applications, constructing business models and forecasts and ultimately, making data-driven decisions about the optimal way to proceed. The American Economic Association AEA notes that economics intersects many disciplines, with applications in health, gender, the environment, education, and immigration.
Students in the National University Department of Finance and Economics are a diverse and committed group, including:. Many other universities require 18 months to two years to complete this advanced degree. As early as age 14, living in Bangladesh, Mondal knew he wanted to be an economist. His family and friends all worked in the field, and some of the economist jobs they held include as ambassadors and international leaders.
For Mondal, being an economist fueled a passion for teaching. He has held economist jobs and consulting positions for many national and international organizations including the United Nations Development Program, the World Bank, the State of Ohio and Duke Energy.
He taught for more than 35 years at a number of universities in the United States, Bangladesh, and New Zealand, including the last 13 years at National University, where he is now lead faculty of the economics program.
The job with World Bank was prestigious and paid well, but in teaching, I get to interact with a lot of young people, and advise them. At National University, the program offerings in economics and finance allow students to choose the level of expertise they want to attain — enabling them to secure jobs ranging from entry-level positions to becoming leaders of business and international organizations. Policy analysts rely on strong writing skills to present their research findings and convince legislators and the public of the viability of their recommendations.
Lawyers use critical thinking and analytical skills to prepare and try their cases. Many areas of law such as corporate law, tax law, antitrust law, personal injury, and medical malpractice involve the application of micro- and macroeconomic analysis. Lawyers draw on research and writing skills to carry out their work. They must gather facts and evidence to support a position.
Lawyers must compellingly present their findings to convince a judge, jury, or opposing attorney of their position. Management consultants analyze business problems and research possible solutions to present to clients. New college graduates often start out in positions like research analyst, research assistant, or junior consultant, where they support the work of more senior staff. They can then progress to positions like management consultant.
The economics major provides an excellent background in the financial and quantitative modeling that consultants use to conduct their analyses. Writing and public speaking skills are also necessary when writing reports and presenting recommendations to clients. In essence, they are ongoing students of economics as applied to the modern world. The curiosity that economics majors often possess about how the economic world functions is essential for success in this field. The ability to write about economic issues in plain language that the average viewer or reader can comprehend is also vital.
Bureau of Labor Statistics. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile.
Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. This is in part why an economics major will be able to pursue a greater breadth of career options than would a business major. So economics majors can pursue a breadth of career options.
Well what do those include, exactly? Some of the job titles held by economic majors include market analyst, real estate agent, urban planner, policy analyst, business forecaster, research assistant, and statistician, among many, many others.
All of these jobs involve, to some extent, the application of the analytical skills that are necessary for those studying economics. Graduated economics majors have found employment with the following employers, among others: the Federal Reserve Banks, the Bureau of the Census, the Bureau of Labor Statistics, the Department of the Treasury, numerous banks, accounting firms, litigation consulting firms, and market research companies.
Finally, of course, as earlier mentioned, you can pursue a graduate level degree in economics.
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