Job Opportunities for Graduates of Bachelor’s Degrees in Economics
Career News May 7, 2014Many jobs, including a bank manager or accountant, are available for Economics bachelor’s degree graduates. Finance and business are two of many industries that offer jobs to economics majors. Salaries and careers depend on whether the Economics bachelor’s degree is a Bachelor of Arts (B.A.) or Bachelor of Science (B.S.).
Job Opportunities for Economics Bachelor’s Degree Graduates
Graduates of a bachelor’s degree in Economics can choose from numerous job opportunities available to them; these include credit analyst, financial controller, management consultant, and business analyst. They can also opt for entry-level economist positions offered by the federal government (U.S. Bureau of Labor Statistics).
Most economics majors gain occupation in business or finance; however, sectors such as international relations, nonprofit, law, academia, medicine, and government, among others, may also offer job opportunities to graduates.
Bachelor’s Degree Programs in Economics
Schools offer both a Bachelor of Arts (B.A.) and a Bachelor of Science (B.S.) in Economics for those interested in the field. Students of both these majors are taught about economic systems, models and theories, and the factors that influence selling and buying. Quantitative analysis and mathematics is emphasized in the BS program, while foreign language requirements and liberal arts courses are integrated in the BA program. The economics major may typically include coursework such as economic systems, macroeconomics, microeconomics, statistics, business economics, international trade, econometrics, and finance.
Wage Outlook for Graduates of a Bachelor of Arts (B.A.) in Economics
In May 2010, holders of a Bachelor of Arts (B.A.) in Economics took home an average annual wage ranging from $47,000 to $80,600. The average annual wages earned by some economics graduates with a BA were as follows:
•Corporate Financial Analyst – $51,729
•Financial Analyst – $51,052
•Finance/Banking Business Analyst – $59,514
•IT Project Manager – $80,585
•Management Consultant – $72,369
•Senior Financial Analyst – $71,870
•Staff Accountant – $47,778
Wage Outlook for Graduates of a Bachelor of Science (B.S.) in Economics
In 2010, graduates of a BS in Economics earned an average annual wage ranging from $42,000 to $110,000. The average annual wages earned by some economics graduates with a Bachelor of Science (B.S.) in Economics were as follows:
•Banking Credit Analyst – $42,566
•Banking Branch Manager – $44,699
•Financial Analyst – $51,057
•General Operations Manager – $77,000
•Senior Financial Analyst – $79,220
•Financial Controller – $80,984
•Management Consultant – $109,945
