Many college students are interested in majoring in economics, but most of them do not know what jobs they can get with an economics degree. Economics is a unique subject that is often not even considered by people who go to school to get a bachelor’s degree, but it is something that can play a part in your success as you attend college and go through your first 5 years out of graduating. For those who have no idea the types of jobs that you can get with an economics degree, below are some useful hints that will give you some pretty good ideas on how to get jobs after graduation.
Economic majors are well-rounded, practical, and versatile. They can find jobs across a wide range of industries and in virtually every type of business.
In fact, economics majors are often sought out by employers because they have a strong grasp of the fundamentals behind how businesses operate and how they can improve their performance.
Here’s a list of some of the most common jobs you could get with an economics major:
-Financial analyst
-Statistician
-Economist
-Accountant
-Data analyst
What jobs can you get with economics major
Introduction
Congratulations on choosing a major! You might be wondering how you can use your economics degree once you graduate—and whether or not it will set you up for a high-paying job. The answer is yes—you can choose from many different types of jobs, and get paid well for them. For example, the median salary for financial managers is $127,990 per year. Data analysts earn about $37 per hour, which translates to a yearly salary of around $77,000. And economists earn an average of around $91 per hour; that comes out to about $190,000 annually. So as you can see, there’s plenty of reason to feel optimistic about your future in economics…but first things first: What jobs are available? And what do they pay? Read on for answers to those questions.
Statistician
A statistician is a person who analyzes data, using statistics to find patterns and make predictions. They work in many different fields, including medicine, business, sports and government. Statisticians can also be found working for consulting firms or non-profit organizations where their skills are used to help solve complex problems. The demand for statisticians is high because of their ability to analyze large amounts of data quickly. They are paid well; the median annual salary for a statistician was $75000 in 2010 according to the U.S Bureau of Labor Statistics (BLS).
Actuary
If you’re interested in working with numbers, risk and statistics, an actuary might be a good fit for you. Actuaries are professionals who analyze risk and uncertainty to help businesses manage their financial resources; they use probability to evaluate outcomes and influence decisions based on that information.
Actuaries work in insurance, finance and government. They use computer models to analyze data related to mortality rates or morbidity (such as cancer) in order to predict the likelihood that people will die or fall ill during specific time periods. This information can be used by businesses like insurance companies when setting premiums or determining how much money needs to be set aside for future payouts.
The Bureau of Labor Statistics reports a median pay of $93,300 per year for actuaries employed full-time nationwide (as of May 2014), though salaries vary depending on where you live and which field of actuarial science you choose.
Logistician
Logisticians are responsible for keeping track of the flow of goods, services, and people across a business or organization. They ensure that inventory is sufficient to meet demand, monitor transportation costs and routes to prevent excessive fuel usage, and oversee inventory turnover rates to ensure efficiency. Logisticians may also be tasked with managing information about shipments and deliveries so that employees have up-to-date data on where everything is in transit at any given moment.
Logisticians work in companies ranging from logistics giants like UPS to small businesses that need help moving their products from point A to point B without breaking them along the way. They’re also employed by government agencies such as the United States Postal Service (USPS) or Department of Transportation (DOT), non-profit organizations like Habitat for Humanity International (HFHI), or even small towns looking for ways to optimize their public services—for example by improving efficiency at local recycling centers by using computerized tracking systems designed by logisticians working with Environmental Protection Agency grants provided through various programs.”
Economist
An economist is someone who studies and researches the economy. Economists can be employed by a variety of organizations, including government agencies and private companies. Typically, economists are employed in areas such as finance, health care and education. Economists typically need to have a bachelor’s degree in economics before they can pursue advanced degrees such as master’s or doctorate programs.
Business Administration
Business administration is a broad term that encompasses many different jobs. They are responsible for all aspects of a company, from finance and human resources to operations. Business administrators are usually the highest paid employees in a company. They often move up into management positions after several years on the job.
Business administration majors can find employment as financial analysts, accountants and auditors, market research analysts and sales representatives (depending on their skills).
Financial Analyst
If you’re a fan of numbers and money, a financial analyst position might be right up your alley. As a financial analyst, you would analyze financial data—like the performance of a company’s stocks—and make recommendations to investors and banks. Financial analysts work in finance, banking, insurance and other industries depending on their level of experience.
A good way to get started as an entry-level financial analyst is with an internship at a company or bank that uses this type of software. You’ll learn how the software works and gain some valuable experience working with it under supervision before moving into an entry-level position on your own as well as building up essential skills such as critical thinking skills that will come in handy throughout your career
Market Research Analyst
Market research analysts gather and analyze data to help companies make better business decisions. They work in a variety of industries, including finance, healthcare, and retail. To qualify for this position you’ll need a bachelor’s degree in economics or a related field like business administration.
Financial Manager
If you’re interested in the financial side of business, then becoming a financial manager could be a great career path for you. A financial manager is responsible for managing the finances of an organization. They are responsible for many different things, including managing the company’s budget and assets, monitoring liabilities and investments, and maximizing profits. Many financial managers work at banks or other credit institutions where they perform these tasks on behalf of their clients.
To become a financial manager you will need to earn an undergraduate degree in economics or finance (or some combination thereof). After this point it’s possible that your employer may require additional training depending on what industry they’re working in but no matter what type of business—financial or otherwise—you should be prepared to put in years of hard work before reaching the top tier positions within your field
Economics majors learn how to analyze and forecast trends, so they can work in many different types of jobs.
Economics majors learn how to analyze and forecast trends, so they can work in many different types of jobs.
- Economics majors can get jobs in government, business, and education.
- Students who major in economics sometimes go on to law school after graduation.
- Some people with an economics degree start their own businesses or become stock brokers, but these are usually not the best options for those planning to earn a living through their degree
Conclusion
While economics majors may find job opportunities across a wide range of industries, they all share one thing in common: they know how to analyze and forecast trends. This is an invaluable skill that can help people both in the business world and beyond. Armed with this knowledge, graduates should be able to put their skills to good use wherever their interests lie.
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