The skills you take away from majoring in economics encompass much of the knowledge needed to understand how a business is run. Because of this, economics majors find themselves in many different positions after they graduate. Let’s take a look at some of the jobs you can get with a degree in economics.
In Education
Many people are drawn to economics because they have a passion for understanding the ways in which the world operates. A great way to demonstrate any passion is to teach it. Economics majors find themselves in a wide variety of teaching positions, from story time in kindergarten to solving advanced equations in high school calculus, and everything in between. Those who opt to get advanced degrees may even teach economics on a collegiate level.
Even still, some economics majors who are drawn to education but don’t have the desire to teach may take to education policy. This way, they get to focus on the decisions that affect students on a larger scale.
In Business
This is where most people who study economics end up. The world of business is vast and offers economics majors a wide variety of platforms on which to display their skill set. This often takes the form of analysts, consultants, managers, actuaries, and reporters, to name a few. Finding a job in this market pins students of economics against a plethora of other business majors, however many employers prefer economics majors for their analytical training and critical thinking skills. This gives them an advantage in an industry where few advantages are given. These jobs often fall under the private sector, which puts them in areas such as real estate, insurance, and banking.
In Government
Government jobs are often appealing to economics graduates who want to have influence over their communities. Economists are in high demand in government, seeing as how they know how to maintain a budget and cut spending that isn’t essential. These are skills that help governments stay afloat, so there are various positions that you may find yourself in as a former economics major. Federal government jobs typically come with very generous benefits and offer a chance to fix problems you notice with your surroundings. In a similar vein, some economists use these skills to run for public office. The world will always need treasurers.
In Non-Profit
As Uncle Ben once said, “with great power comes great responsibility.” Following this line of thinking, many economics majors try to use their gifts to make the world a better place for those who do not have as many advantages. They are able to use their skill set to be advocates for those who are less fortunate. Non-profit organizations are tasked with maximizing efficiency while minimizing costs, much like a business is. They still have to manage the distribution of funds to make sure that everything is running as smoothly as possible. This is where students of economics come in.
Here are some of the more popular positions held by economics majors:
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Accountant
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Urban Planner
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Actuary
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Survey Researcher
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Auditor
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Budget Analyst
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Purchasing Manager
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Statistician
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Insurance Sales Agent
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College Professor
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Financial Examiner
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Economist
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Market Research Analyst
- Personal Financial Advisor
