Determining what career you will pursue after completing your degree can be daunting, especially if your major is something as diverse as economics. Studying economics gives you a grasp on the world of business as well as the social sciences. So, what does it qualify you for? Let’s look at the most popular jobs for economics majors after they graduate.
Business Reporter
These are the people who let the rest of us know what’s going on with the global economy. Business reporters are tasked with researching the state of the financial world, looking at developments and trends surrounding the international market. In order to excel in this field, you must have a passion for the subject and the ability to connect with you readers/viewers.
Management Consultant
Who knows how businesses run better than economics majors? They can put this knowledge to good use by advising company executives in their financial decision-making. Their skills are used to ensure the success of a variety of public institutions and private businesses.
Lawyer
Those entering law school come bearing many different backgrounds. Economics majors who choose to practice law typically work on retainer for companies to keep them out of any legal trouble that may arise. Public speaking skills are needed in addition to the ability to research and compile relevant evidence.
Policy Analyst
While the job may not have the most glamorous title, policy analysts do important work. It is their duty to examine issues facing businesses and construct feasible and long lasting solutions. Through the course of their education, economics majors already analyze many related issues in their classes.
Financial Analyst
Don’t confuse this will policy analysts. Financial analysts are concerned with - you guessed it - money. This often includes the fluctuation of a company’s stock values. Through the use of charts and figures, financial analysts present their findings to the executives in a company and let them know the next course of action.
Credit Analyst
By now, you’ve probably realized that economics majors are well-equipped to analyze data. Credit analysts look at the company’s ability to loan out money and what risk doing so would provide. They also get a say in how much interest would be collected on a given loan.
Actuary
Don’t worry, I had to look it up “actuary” too. Actuaries look at the negative outcomes that could befall a company, such as natural disasters and bankruptcy. They determine two things: the probability of any of these events actually happening and whether or not the company’s insurance policy covers the cost of the damage when they do.
Compensation Manager
These are the people who deal with studies the salaries of various positions and try to figure out trends in order to predict how they will change. Economics majors are already experienced in using numbers to find patterns, which is why many of them are drawn to this role.
Economic Consultant
You know those financial reports that you studied in your economics class? Economic consultants are the ones who put those together. They analyze a company’s spending to determine where changes need to be made.
Market Research Analyst
While they are still concerned with facts and figures, market research analysts also work with people outside of the company. They analyze buying trends to see how they can better advertise and sell their products to customers.
