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

Major Average Wage/HR Wages 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
Business Management $31.56 $51.96 $13.73
Marketing $32.90 $57.29 $13.73

Source: Wall Street Journal