Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Career Overview: Economics Majors

Career News May 18, 2014

Economics majors will be taught how to study economic systems, analyze how the world deals with limited resources, and compare tax plans associated with politics. Students in bachelor’s degree programs in economics will be prepared for several careers in a number of industries, including government and business.

Career Options for Economics Majors

Students enrolled in an economics bachelor’s degree program are prepared for different careers in many industries, such as law, government, and business. Such a wide range of career options are available to students because they can apply economics principles to various career fields, including healthcare, government, and business. Economics knowledge is blended by professionals in these fields with such skills as teamwork, communication, and analytical and critical thinking.

Additionally, the versatile degree in economics is very flexible in that it allows the graduate to change careers easily. For instance, an economics graduate who opted for an entry-level career in sales could choose to work for the government in social security administrator positions and be able to make the switch very easily, thanks to the training already received by him or her. Economics majors may choose from numerous job titles, including economic consultant, IRS agent, bank officer, securities analyst, and urban planner.

According to PayScale’s College Salary Report (2010-11), bachelor’s degree graduates in economics prefer the following ten jobs more than others:

•Financial advisor
•Data analyst
•Economist
•Marketing analyst
•Financial research analyst
•Banking business analyst
•Staff accountant
•Financial analyst
•Management consultant
•Investments analyst

Job and Wage Outlook

In 2008, the Wall Street Journal researched the earnings outlook for 16 majors and ranked economics majors fourth, with an average annual wage of $43,419, finding that these average earnings were exceeded only by mathematics, computer programming, and engineering majors. In 2010, graduates of a Bachelor of Arts (B.A.) in Economics banked between $40,968 and $104,970 in average annual wages; average annual wages for Bachelor of Science (B.S.) degree graduates ranged lower, between $40,000 and $91,291.

Continued Education

A degree in economics could be the first step toward a master’s degree in law, business, or economics. The analytical thinking and critical skills honed in a bachelor’s degree program are considered by many to be sufficient preparation for a master’s degree in law. Substantial economics content comprises the coursework relevant to graduate business programs. Additionally, many experienced economists are employed as graduate business professors.

Also, aspiring economists among economics majors would benefit by earning a master’s degree as they would not receive the requisite training in an undergraduate program; however, they can get the training needed to transition to a graduate degree program. Earning doctoral or master’s degrees in economics would qualify candidates for jobs in research and academia.

Searching Searching ...

Matching School Ads
3 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
2 Program(s) Found
South University , Virginia Beach
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!