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.

Showing schools in your area

Matching School Ads
1 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses

Showing schools in your area

Matching School Ads
1 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • eLearners.com Helps You Find the Right College within Minutes. 100% Free Match to Top Colleges.
  • Get Matched to the Perfect Business Degree Programs from Top Colleges Here.
  • Learn at Your Own Pace and Get Qualified to Pursue a Career You'll Love.
  • Answer a few questions and you are one step closer to enroll in a Top College!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!