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.opm.gov/ (Office of Personnel Management)
Keywords & Search Terms
- Analyst / analytics
- Data analysis / data management
- Technical analysis
- Policy analysis
- Forecasting / estimation.
- 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
- Human resources
- Health care / Hospitals
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
- Ways and means, budget, economic development, trade promotion, Department of Labor,
- Department of Health
- 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
- 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
- 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%|
|Computers & IT||$35.83||$56.37||$16.18|
Source: Wall Street Journal