What Can I Do with My Economics Degree

What Can I Do with My Economics Degree

General Resources

An economics major does not necessarily provide the training for any specific occupation; rather it supplies the skills—critical thinking, problem solving, technical and policy analysis, quantitative analysis (econometrics), fluency with spreadsheets—that are demanded by organizations in all sectors of the economy.  This provides a breadth of opportunity for those willing to invest the resources in a well-designed job search.

The following websites are a good place to begin your search.  The last two are specific to public sector and non-profit jobs.

http://www.idealist.org
http://www.econ-jobs.com/
http://www.opm.gov/ (Office of Personnel Management)
http://www.usajobs.com/
http://www.aeaweb.org/students/Careers.php
 

Keywords & Search Terms

Analyst / analytics
Research
Consultant
Data analysis / data management
Technical analysis
Policy analysis
Forecasting / estimation.
Econometrics

Private Sector

Financial firms / Investment banks / Banks
Data analyst
Market research
Economic and management consulting 
McKinsey, Accenture, Deloitte, Ernst & Young, Bain & Co., Boston Consulting Group
Marketing / Advertising
Management
Human resources
Insurance
Health care / Hospitals
Journalism

Non-Profit Sector (many are DC-based)

Think tanks / Research assistant

  • Center for Budget and Policy Priorities, Center for Economic and Policy Research,
  • Economic Policy Institute, New America Foundation, Brookings Institute, Urban Institute,
  • Fiscal Policy Institute, Rockefeller Institute

 
Non-Governmental Organizations (NGOs)

  • International Monetary Fund, World Bank, United Nations, World Trade Organization,
  • Microfinance firms

 
Environmental agencies

Public Sector

State Government

  • Ways and means, budget, economic development, trade promotion, Department of Labor,
  • Department of Health

 
Federal Government

  • Federal Reserve (12 regional banks and DC), Treasury Department, Bureau of Economic
  • Analysis, Bureau of Labor Statistics, Census Bureau, Congressional Budget Office,
  • Department of Agriculture, Department of Labor, Department of Health & Human
  • Services, State Department, CIA


Congressional aide

Grad School

Disciplinary (GRE)

  • Economics: Ph.D (funding), Masters (no funding)
  • Graduate school in economics requires a strong math and stats background.
  • Positions for econ graduate students are generally advanced positions of those listed on this sheet, in addition to academia (teaching)
  • International Relations
  • Public health

 
General

  • Law school (LSAT) – mergers and acquisitions, labor,
  • Masters of Business Administration (MBA) (GMAT)
  • Masters of Public Policy (MPP) (GRE)


How to prepare?

  • Start thinking about in your junior year!
  • Applications due in late December
  • Prepare for and take GRE, LSAT, GMAT summer before senior year
  • Calculus/math courses, focus on econometrics paper for writing sample

Salary Data

MajorAverage wage/hrWages for top 10% Wages for bottom 10%
Economics$43.15$78.43$13.90
Electrical Engineering$41.61$63.24 $20.10
Mechanical Engineering$40.43$58.82$19.61
Finance$38.21$65.36 $14.71
Mathematics$37.76$63.73$14.01
Accounting$36.88$60.33 $14.71
Computers & IT$35.83$56.37$16.18
Political Science$33.32$57.25$12.60
Marketing$32.90$57.29 $13.73
Business Management$31.56$51.96$13.24
Source: Wall St Journal

Department Chair

Aaron Pacitti

Aaron N. Pacitti

Associate Professor of Economics

102F Kiernan Hall

(518) 782‑6892