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What can you do with an Economics Degree?

Best Jobs For Economics Major

The time after graduating from college can be a stressful time as you try to find your first job. As a way to help you out, we have found that there are actually a lot of job opportunities for graduates with an economics degree. By scouring millions of job listings and scanning through 56,831 economics major resumes we were able to find the most preferred jobs by economics majors.

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1. Business Analyst

Top Locations:
New York, NY;  Chicago, IL;  Houston, TX;  Atlanta, GA;  Boston, MA;  Charlotte, NC;  Dallas, TX;  Minneapolis, MN;  San Francisco, CA;  Philadelphia, PA;  
Job Description:
A business analyst is someone who analyzes an organization or business domain (real or hypothetical) and documents its business or processes or systems, assessing the business model or its integration with technology.

2. Finance Analyst

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  Atlanta, GA;  Washington, DC;  Los Angeles, CA;  Boston, MA;  Dallas, TX;  San Francisco, CA;  Philadelphia, PA;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

3. Analyst

Top Locations:
New York, NY;  Chicago, IL;  Houston, TX;  Indianapolis, IN;  Detroit, MI;  Washington, DC;  Austin, TX;  Atlanta, GA;  Tampa, FL;  Dallas, TX;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

4. Data Analyst

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  Atlanta, GA;  Washington, DC;  Boston, MA;  Austin, TX;  Charlotte, NC;  Dallas, TX;  San Francisco, CA;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

5. Operations Analyst

Top Locations:
New York, NY;  Charlotte, NC;  Chicago, IL;  Boston, MA;  Jacksonville, FL;  Houston, TX;  Atlanta, GA;  Salt Lake City, UT;  San Francisco, CA;  Austin, TX;  
Job Description:
Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions.
Job type you want
Full Time
Part Time
Internship
Temporary

6. Account Executive

Top Locations:
New York, NY;  Chicago, IL;  Atlanta, GA;  Los Angeles, CA;  San Francisco, CA;  Houston, TX;  Dallas, TX;  Austin, TX;  Denver, CO;  Miami, FL;  
Job Description:
Account Executives are responsible for looking after the company's client as well as keeping the company-client relationships at a high standard. Their goal is to increase the amount of business a company does with those clients.

7. Finance Internship

Top Locations:
New York, NY;  Chicago, IL;  Washington, DC;  Boston, MA;  Houston, TX;  Atlanta, GA;  Philadelphia, PA;  Los Angeles, CA;  San Francisco, CA;  San Diego, CA;  

8. Economist

Top Locations:
Washington, DC;  New York, NY;  Boston, MA;  Atlanta, GA;  Austin, TX;  Cuba, MO;  Denver, CO;  Houston, TX;  Las Vegas, NV;  Phoenix, AZ;  
Job Description:
Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.

9. Marketing Internship

Top Locations:
New York, NY;  Chicago, IL;  Los Angeles, CA;  Boston, MA;  Washington, DC;  San Francisco, CA;  Philadelphia, PA;  Atlanta, GA;  Austin, TX;  San Diego, CA;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

10. Research Analyst

Top Locations:
New York, NY;  Washington, DC;  Chicago, IL;  Boston, MA;  Atlanta, GA;  San Francisco, CA;  Los Angeles, CA;  Houston, TX;  Philadelphia, PA;  Baltimore, MD;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

11. Trader

Top Locations:
New York, NY;  Chicago, IL;  Houston, TX;  Atlanta, GA;  Charlotte, NC;  Los Angeles, CA;  San Diego, CA;  Miami, FL;  Portland, OR;  Dallas, TX;  
Job Description:
Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.

12. Investment Analyst

Top Locations:
New York, NY;  Chicago, IL;  Boston, MA;  Los Angeles, CA;  Washington, DC;  Atlanta, GA;  Houston, TX;  Philadelphia, PA;  San Diego, CA;  San Francisco, CA;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

13. Finance Advisor

Top Locations:
New York, NY;  Phoenix, AZ;  Saint Louis, MO;  Houston, TX;  Chicago, IL;  Jacksonville, FL;  San Diego, CA;  San Antonio, TX;  Atlanta, GA;  Charlotte, NC;  
Job Description:
Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.

14. Programming Internship

Top Locations:
New York, NY;  Washington, DC;  Chicago, IL;  Boston, MA;  Philadelphia, PA;  Los Angeles, CA;  Atlanta, GA;  San Francisco, CA;  Baltimore, MD;  San Diego, CA;  
Job Description:
Software developers are the creative minds behind computer programs. Some develop the applications that allow people to do specific tasks on a computer or another device. Others develop the underlying systems that run the devices or that control networks.

15. Financial Analyst Internship

Top Locations:
New York, NY;  Chicago, IL;  Seattle, WA;  Dallas, TX;  Houston, TX;  Boston, MA;  Washington, DC;  Los Angeles, CA;  San Diego, CA;  Philadelphia, PA;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

16. Finance Professional

Top Locations:
New York, NY;  Austin, TX;  Indianapolis, IN;  Phoenix, AZ;  Atlanta, GA;  Jacksonville, FL;  Chicago, IL;  Edison, NJ;  Bellevue, WA;  Denver, CO;  
Job Description:
Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.

17. Product Analyst

Top Locations:
New York, NY;  Austin, TX;  Boston, MA;  Chicago, IL;  Dallas, TX;  Houston, TX;  Marlborough, MA;  San Francisco, CA;  Fort Worth, TX;  Minneapolis, MN;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

18. Consultant

Top Locations:
New York, NY;  Chicago, IL;  Washington, DC;  Houston, TX;  Atlanta, GA;  Los Angeles, CA;  Boston, MA;  San Francisco, CA;  Dallas, TX;  Charlotte, NC;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

19. Investment Banking Analyst

Top Locations:
New York, NY;  San Francisco, CA;  Atlanta, GA;  Los Angeles, CA;  Chicago, IL;  Charlotte, NC;  Dallas, TX;  Houston, TX;  Boston, MA;  Newark, DE;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

20. Economic Analyst

Top Locations:
New York, NY;  Houston, TX;  DeKalb, IL;  Philadelphia, PA;  Atlanta, GA;  Boston, MA;  Chicago, IL;  Cleveland, OH;  Duluth, MN;  Eden Prairie, MN;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

21. Junior Data Analyst

Top Locations:
Washington, DC;  Chicago, IL;  New York, NY;  Los Angeles, CA;  Redmond, WA;  Virginia Beach, VA;  Atlanta, GA;  Boston, MA;  Charlottesville, VA;  Cleveland, OH;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

22. Student Internship

Top Locations:
New York, NY;  Chicago, IL;  Washington, DC;  Houston, TX;  Los Angeles, CA;  Philadelphia, PA;  Atlanta, GA;  Boston, MA;  San Diego, CA;  Baltimore, MD;  
Job Description:
Teacher assistants work under a teacher’s supervision to give students additional attention and instruction.

23. Economic Consultant

Top Locations:
Washington, DC;  New York, NY;  Minnetonka, MN;  Durham, NC;  Fairfax, VA;  Walnut Creek, CA;  Athens, OH;  Auburn, AL;  Blue Bell, PA;  Cambridge, MA;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

24. Analyst Internship

Top Locations:
New York, NY;  Washington, DC;  Chicago, IL;  Boston, MA;  Dallas, TX;  Houston, TX;  Atlanta, GA;  Los Angeles, CA;  Philadelphia, PA;  San Francisco, CA;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

25. Management Trainee

Top Locations:
New York, NY;  Atlanta, GA;  Chicago, IL;  Houston, TX;  Saint Louis, MO;  Miami, FL;  Los Angeles, CA;  Dallas, TX;  Orlando, FL;  Columbus, OH;  
Job Description:
Management trainees work closely with more senior managers in a department and perform delegated managerial tasks with an goal of earning a promotion to become a manager in the future.

26. Risk Analyst

Top Locations:
New York, NY;  Columbus, OH;  Houston, TX;  Chicago, IL;  Phoenix, AZ;  Atlanta, GA;  Boston, MA;  Austin, TX;  Washington, DC;  Wilmington, DE;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

27. Junior Business Analyst

Top Locations:
New York, NY;  Chicago, IL;  Charlotte, NC;  Denver, CO;  Philadelphia, PA;  Pittsburgh, PA;  Washington, DC;  Atlanta, GA;  Austin, TX;  Louisville, KY;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

28. Investment Banking Internship

Top Locations:
New York, NY;  Boston, MA;  Washington, DC;  Chicago, IL;  Detroit, MI;  Los Angeles, CA;  San Francisco, CA;  Atlanta, GA;  Dallas, TX;  Houston, TX;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

29. Data Scientist

Top Locations:
New York, NY;  San Francisco, CA;  Chicago, IL;  Boston, MA;  Dallas, TX;  Palo Alto, CA;  San Jose, CA;  Seattle, WA;  Austin, TX;  Cambridge, MA;  
Job Description:
Computer and information research scientists invent and design new approaches to computing technology and find innovative uses for existing technology. They study and solve complex problems in computing for business, medicine, science, and other fields.

30. Business Analyst Internship

Top Locations:
New York, NY;  Chicago, IL;  Houston, TX;  Minneapolis, MN;  Boston, MA;  Dallas, TX;  San Diego, CA;  Los Angeles, CA;  Washington, DC;  San Jose, CA;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

31. Actuarial Analyst

Top Locations:
New York, NY;  Louisville, KY;  Boston, MA;  Philadelphia, PA;  Schaumburg, IL;  Dallas, TX;  Los Angeles, CA;  Memphis, TN;  Atlanta, GA;  Chicago, IL;  
Job Description:
Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk that an event will occur, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry.

32. Marketing Analyst

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  San Francisco, CA;  Los Angeles, CA;  Boston, MA;  Atlanta, GA;  Minneapolis, MN;  San Diego, CA;  Las Vegas, NV;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

33. Research Assistant

Top Locations:
New York, NY;  Boston, MA;  Chicago, IL;  Washington, DC;  Los Angeles, CA;  Philadelphia, PA;  Ann Arbor, MI;  Atlanta, GA;  Baltimore, MD;  San Diego, CA;  
Job Description:
A Research Assistant helps carry out a particular research agenda. They are generally found in the social science or laboratory setting.

34. Summer Analyst

Top Locations:
New York, NY;  Chicago, IL;  Salt Lake City, UT;  Boston, MA;  Dallas, TX;  Los Angeles, CA;  Atlanta, GA;  San Francisco, CA;  Washington, DC;  Stamford, CT;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

35. Credit Analyst

Top Locations:
Clinton, IA;  New York, NY;  Houston, TX;  Dallas, TX;  Chicago, IL;  Hagerstown, MD;  Phoenix, AZ;  Atlanta, GA;  Newark, DE;  Las Vegas, NV;  
Job Description:
The key role of a Credit Analyst consists of assessing the credit-worthiness of existing or prospective clients. They analyze financial records like the earnings, savings, payments, and purchases of companies or individuals, as well as analyze their liquidity, profitability, and credit histories.

36. Research Internship

Top Locations:
New York, NY;  Washington, DC;  Boston, MA;  Chicago, IL;  Philadelphia, PA;  San Diego, CA;  Los Angeles, CA;  Houston, TX;  Baltimore, MD;  Atlanta, GA;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

37. Data Science Internship

Top Locations:
New York, NY;  Washington, DC;  Chicago, IL;  San Francisco, CA;  Boston, MA;  Philadelphia, PA;  Atlanta, GA;  Seattle, WA;  Austin, TX;  Dallas, TX;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

38. Finance Representative

Top Locations:
New York, NY;  Tampa, FL;  Birmingham, AL;  Chicago, IL;  Lakeland, FL;  Jacksonville, FL;  Merrimack, NH;  Los Angeles, CA;  Hoover, AL;  Charlotte, NC;  
Job Description:
Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.

39. Marketing Coordinator

Top Locations:
New York, NY;  Los Angeles, CA;  Chicago, IL;  Houston, TX;  Atlanta, GA;  Austin, TX;  San Diego, CA;  Miami, FL;  Dallas, TX;  Philadelphia, PA;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

40. Associate Consultant

Top Locations:
New York, NY;  Chicago, IL;  Indianapolis, IN;  Boston, MA;  Atlanta, GA;  Houston, TX;  San Francisco, CA;  Washington, DC;  Minneapolis, MN;  Dallas, TX;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

41. Staff Accountant

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  Atlanta, GA;  Dallas, TX;  Washington, DC;  San Diego, CA;  Los Angeles, CA;  Denver, CO;  Boston, MA;  
Job Description:
Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently.

42. Pricing Analyst

Top Locations:
Houston, TX;  New York, NY;  Dallas, TX;  Richmond, VA;  Chicago, IL;  Pittsburgh, PA;  Atlanta, GA;  Boston, MA;  Jacksonville, FL;  Miami, FL;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

43. Data Analyst Internship

Top Locations:
New York, NY;  Chicago, IL;  Washington, DC;  Ames, IA;  Boston, MA;  Los Angeles, CA;  Atlanta, GA;  Dallas, TX;  San Francisco, CA;  San Diego, CA;  
Job Description:
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

44. Human Resources Coordinator

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  Atlanta, GA;  Los Angeles, CA;  Dallas, TX;  Charlotte, NC;  San Diego, CA;  Phoenix, AZ;  San Antonio, TX;  
Job Description:
Human resources specialists recruit, screen, interview, and place workers. They often handle other human resources work, such as those related to employee relations, compensation and benefits, and training.

45. Accountant

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  Los Angeles, CA;  Atlanta, GA;  Austin, TX;  Dallas, TX;  San Antonio, TX;  Washington, DC;  Phoenix, AZ;  
Job Description:
Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently.

46. Finance Associate

Top Locations:
New York, NY;  San Antonio, TX;  Chicago, IL;  Boston, MA;  Tampa, FL;  Washington, DC;  Colorado Springs, CO;  Durham, NC;  Merrimack, NH;  Westlake, TX;  
Job Description:
Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.

47. Senior Finance Analyst

Top Locations:
New York, NY;  Houston, TX;  Chicago, IL;  Atlanta, GA;  San Francisco, CA;  Los Angeles, CA;  Washington, DC;  Charlotte, NC;  Dallas, TX;  Boston, MA;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

48. Operations Internship

Top Locations:
New York, NY;  Washington, DC;  Chicago, IL;  Atlanta, GA;  Philadelphia, PA;  Boston, MA;  Los Angeles, CA;  Orlando, FL;  Houston, TX;  Dallas, TX;  

49. Business & Data Analyst

Top Locations:
New York, NY;  Boston, MA;  Chicago, IL;  Dallas, TX;  Atlanta, GA;  Charlotte, NC;  Jersey City, NJ;  Columbus, OH;  Houston, TX;  San Jose, CA;  
Job Description:
Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

50. Investment Associate

Top Locations:
New York, NY;  Chicago, IL;  San Francisco, CA;  Atlanta, GA;  Boston, MA;  Los Angeles, CA;  Washington, DC;  Arlington, VA;  Miami, FL;  Tampa, FL;  
Job Description:
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

Economics Major Jobs

Average Salary For an Economics Major

As with other factors, choosing the right industry can change the salary for economics majors drastically. If you are in it for the money, you will earn the highest average salary working for a company in the finance industry where the average salary is $68,787. But, you might only make an average salary of $37,050 working in the retail industry.

Average Salary
$58,393
Show Salaries
Best Paying Industries
Industry
Average Salary
Finance
Finance
$68,787
$69k
Technology
Technology
$59,651
$60k
Professional
Professional
$49,288
$49k
Manufacturing
Manufacturing
$48,825
$49k
Health Care
Health Care
$44,651
$45k

Entry Level Jobs For Economics Majors

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Economics Internships

How To Get A Job With An Economics Degree

Zippia Student Spotlight Awards: January, 2020

Zippia Student Spotlights are awarded to deserving students who obtain their first jobs before graduation. These spotlights highlight exceptional students in individual departments across US-based universities.

Student: Sarp Yanki Kalfa
School: Johns Hopkins University
Department: The Johns Hopkins University Economics Department
GPA: 3.87
Focus: Econometrics/Time Series Analysis/Modeling/Forecasting

How did you get your first job?
Yanki: I got my first job by networking, I connected to a SAIS alumni. Fortunately, he helped me navigate the system and introduced me to other people from the IMF.

What job did you get and what will you be doing?
Yanki: I am a research analyst at the IMF, which was the position I wanted since the beginning of my graduate school career. I will be in charge of maintaining country files and forecasting economic activity in certain countries.

Do you have any tips for other economics students on how to get ahead while in school?
Yanki: Getting ahead is not that difficult, you just need to do something differently compared to your competition (meaning other Econ students). You need to focus on something that will make you different and also very good at that. During SAIS I was known as the econometrics and forecasting guy, I was a TA for all macro and econometrics related classes. That set me apart and that's how professors got to know me.

What is important is to be different compared to others, have a specific area that you focus and be known for that.

What advice would you give to students looking to get a job before they graduate?
Yanki: Find yourself a mentor from the place you want to work for. Connect with the alums.

How did you manage your time? How would you advise students on how to succeed in school?
Yanki: Economic research, modeling and forecasting are my passion. Hence, to me I was just doing what I loved. I guess the advice is find something that you love (within Economics) and you will never be bored.

Zippia Student Spotlight Awards: January, 2020

Zippia Student Spotlights are awarded to deserving students who obtain their first jobs before graduation. These spotlights highlight exceptional students in individual departments across US-based universities.

Student: Siwen Chen
School: UC Irvine
Department: The UC Irvine Economics Department
GPA: 3.72
Focus: Economics with honors, Public Health Policy, and Education Science with a minor in Statistics
First Job: Product Specialist at Personable Inc.

How did you get your first job?
Siwen: I applied to my first job through the website Handshake.

What will you be doing at your first job?
Siwen: I support the success of an assigned team of salespeople, including Account Managers, and Business Development Sales Representatives. I lead demand-generating marketing activities in the assigned market for the assigned product specialty. I will establish productive, professional relationships with key personnel. I will also coordinate the customer involvement of other company personnel when needed, including support resources, team members, and management.

Do you have any tips for other economics students on how to get ahead while in school?
Siwen: Get internships. I don't think it matters whether I am getting paid or not. We need experiences to be able to get a full-time job.

My GPA is 3.72. It is not a perfect GPA since I was struggling with English. I am an international student.

What advice would you give to students looking to get a job before they graduate?
Siwen: Plan ahead. I was looking for a full-time job since October when I knew I was going to graduate in December.

How did you manage your time? How would you advise students on how to succeed in school?
Siwen: I put things I need to do in a to-do list, and categorize them as a first priority, second priority or third priority. Then, I schedule my day according to the list. I think this is a great way to manage my time.

How To Get A Job After You Graduate

So you've graduated from college with your degree in Economics. And after all of that hard work, logging in hours and hours of studying, test-taking, essay writing, and let's face it, wondering why you ever decided to go to college in the first place, and was it really worth it? You're left with one big question:

Now What?

Well, that's where we come in. We have literally created a map, just for Economics Majors, such as yourself, to navigate your way through the choppy waters of recent graduation.

Feel free to focus on the map alone--it's pretty cool, if we do say so ourselves. But for those of you who prefer step by step navigation on your path, keep reading. We'll give you the rundown on:

  • What skills you'll need
  • How to begin, and
  • What jobs you can expect to find as an Economics Major
  • Some Quick Interview Tips
  • Consider Graduate School
  • External Resources

First thing's first: what skills you'll need to get started.

1. Skills For Economics Majors

Our world runs largely on a complex system of economics. The good news is, as an Econ Major, you're already pretty well abreast of the skills you'll need in the workforce. But just to reiterate, you'll need to be sure you're rock-solid in these areas:

Analytical Skills
You may have a lot of undergraduate experience in understanding relationships, supply and demand, observing patterns, and extracting meaningful conclusions--theoretically. But get ready to use these analytical skills in real-life economic relationships. It might sound scary, and it might be scary at first, but don't worry--you got this.

Critical Thinking
You'll need a critical eye and mind to see the linkages between trends, producers, and consumers, and even understand how everyday transactions contribute to the greater economic trends in the world.

Math
Yep, math. Economics is basically spoken in numerals, and so it will be absolutely necessary to have a strong background and understanding of statistics, calculus, and other advanced-level math courses.

Econometrics & Statistics - These will be super helpful in most entry level jobs for economics majors. Being able to understand statistics helps with presenting your analysis of patterns in data, and knowing that what you have is special and not just random chance. Just knowing how to think Bayesian-ly can help you in your career.

A Mastery of the English Language
Okay, we're not saying you need to be Shakespeare here--or English Majors--but just because you'll primarily be looking at numbers, doesn't mean you won't need to communicate in plain English. Being able to articulate yourself, both verbally and in writing, are key to a career in Economics.

Know the Software
This will be important when inputting data and creating visual representations of economic trends. If you're not good with computers in this day and age--well, you better step up your game!

Excel - Learn excel! It's the backbone of basically every entry level analyst type job. Whether you're going to be a buyer, a financial analyst, or even a real estate developer, knowing excel comes in handy. If you really want to impress, be a wizard with pivot tables and/or macros.

SAS - The market standard for big data analytics in a consulting type environment. You can literally spend 60 hours a week doing work on SAS at entry level jobs for consulting firms.

STATA - A close relative of SAS, STATA's a powerhouse for statistical analysis and big data sets. You can probably get a copy from your school before you leave which is nice to have for practice.

Python - A great novice language that will let you impress your boss. With python, you can do everything from automating computer based tasks to real time reporting. Get familiar with the Pandas package and you'll be steps ahead of the competition.

R - The language of statistics nerds and PHDs. This is a free statistical analytics tool that can handle big ole data sets. It's used in many situations from data science to data visualizations.

2. Where to Begin Your Career After Getting an Economics Degree

Perhaps the most important thing you can do right now is putting yourself out there for some internships (though, hopefully you have one or two under your belt from your time in school. If not, don't fret! It's not too late.) Internships are an excellent way to get your foot in the door at a company you might want to continue a career with, or just in the field that you're interested in entering.

Here are some common types of internships for Economics Majors:

  • Financial Analyst
  • Customer Service Reps (Ex: at insurance agencies)
  • Finance internships at Amazon.com
  • International trade specialists at export centers
  • Actuaries at human resource consulting firms
  • Business Managers in nonprofits
  • Data analysts in market research organizations
  • System admins in offices
  • PR Assistants
  • Assistants

Before you settle on an Internship, though, you'll want to make sure it's the right fit for you. Ask yourself these questions:

  • What are your interests, values, and career goals?
  • Where (in the state/the country/the world) do you want to work?
  • What size and type of organization do you want to work for?
  • Do you need compensation in an internship, or might you be able to consider alternative compensation (experience, work samples, references, networking, etc.)
  • Is relocation an option?

3. Available Jobs

And now, the step you've probably been waiting for (but we assure you, mastering your skills and getting an internship first are invaluable)--getting a job.

With our map, you can click the Job Titles and learn more specific information about each position (what their responsibilities are, how much they get paid, etc.) But here, we wanted to call out some of the most common jobs for recent economics major grads. Like you.

So here are some pretty common, entry-level jobs for recent grads such as yourself:

Accountants
These guys might sometimes be overlooked, but they are a huge and integral part of most businesses. They calculate payrolls, keep track of inventory, manage the company's assets, and much more behind the scenes work.

Market Research and Analysis
Positions in research and analysis are not only important in businesses, but also pretty readily available. You'll help companies make better decisions and set priorities after researching and analyzing the data. Numbers: hugely important here. So get out your calculator.

Sales
You're in a prime position for a job in sales--because an Economics Major, you really get the relationship between supply, demand, want, and diminishing returns. Sales positions are plentiful, and can range greatly in duties and pay.

Again, these are only a few of the most common fields that recent Economics graduates tend to enter. For a whole lot more detail, in a heck of a lot more digestible form, feel free to peruse the map. Click on the Job Title to see just what these people do--and how much they make per year.

4. Some Quick Interview Tips For Economics Majors

Get Used To Case Questions Case questions are very common in many of the positions you'll be interested in -- consulting, finance, and programming. They are the kinds of questions that test your ability to logic through a ridiculous situation.

A famous question in this type of questioning is "How many ping pong balls would fit in a 747?" If you start with simple assumptions, for example the size of a ping pong ball and the diameter of the cabin, you can slowly work your way to a reasonable solution.

And the nice part is you don't have to be "correct" just use the appropriate thought process.

Find A Way To Demonstrate Experience Even if you don't have any work experience, you need to be able to communicate your ability to get the task done.

We put together some ways of thinking about how to show your experience on your resume, even if it is limited. Just look for an example of a project you had to complete, the steps you needed to complete it, and how you knew if it ended up successful.

Everyone should have had that experience by the time they graduate, even if it is just a senior thesis.

5. You Can Also Consider Graduate School

If you don't feel you can get the job you want right of college, consider going back for more education. There are several types of advanced degrees that can help out your career and long term earning potential.

Business School Getting a Masters of Business Administration, more commonly known as a MBA, can be one of the single best returns on investments available to recent college graduates. Getting into a top Business School offers tremendous long term earnings potential and even middling programs offer a good ROI.

Just avoid the "DeVrys" of the world -- they aren't normally worth the investment.

Law School The critical thinking skills you've developed during your time as an economics major translate well into the world of law.

While law school doesn't offer quite the same expected ROI as business school, the top law schools are great for future earnings. However, once you get below the top tier schools, the return on investment gets iffy.

Law is extremely competitive, so you'll need to stand out to make up for the large expense. A surprising number of people have a hard time landing a job after getting a law degree.

Get A Masters In Statistics Unfortunately, unless you loaded up on math during your time as an undergraduate economics major, you're not really ready for economics graduate school.

The way to fix that? Get a Masters in Statistics -- it only takes a year and will prepare you for your life as a pseudo-mathematician if you want to get your economics PHD.

At the very least, a Masters in Statistics will put you a step ahead for any position that requires a lot of math like an actuary or business analyst.

6. External Resources For Economics Majors

If you're still not sure what to do with your degree here are some external sites, to help you with your decision:

USAJobs Enter "economics" into the search bar and you can get a sense of what kind of government jobs are available to economics majors. Find a job title you like and come back here to learn more about.

Bureau Of Labor Statistics The BLS offers detailed data on pay, location, and availability of different kinds of jobs across the country.

In fact, we draw a lot of our research on the best places for jobs from the information provided on the site.

Poke around until you find something that tickles your fancy. Oh, and congratulations on graduating! The hardest part is over.

Updated July 15, 2020