Career Opportunities

Studying Economics offers excellent preparation for a wide variety of professional careers. This is reflected in the diversity of people who have chosen to study Economics in college such as: Ronald Reagan, Arnold Schwarzenegger, Supreme Court Justice Sandra Day O'Connor, Sam Walton, founder of Wal-Mart, former Secretary of State George Schultz, former Congressman Les Aspin and Senator Bill Proxmire. Economics offers useful tools that will help you understand the world and make wiser decisions and can be helpful in a wide variety of careers. Economics studies how people choose to use their scarce resources to try to satisfy their unlimited wants. Since it's about people, choice, scarcity, resources and satisfying wants, it's an exciting, broad and yet, practical field of study. Below is a list of some career opportunities for Economics Majors.

Banking & Financial Institutions

  • Lending Officer
  • Trust Manager
  • System Manager
  • Operations Analyst
  • Account Manager

Business

All businesses need people with a fundamental understanding of Economics. An Economics Major is also excellent preparation for an MBA program. Profit maximization and optimization concepts are useful in inventory control, advertising, plant or store location, product pricing, and other aspects of business. Economics Majors work in:

  • Industry
  • Transportation
  • Health
  • Labor
  • Service
  • Technical Firms
  • Financial Planning

Brokerage and Investment Firms

  • Sales
  • Stock Broker
  • Investment Consultant
  • Portfolio Manager
  • Mutual Fund Manager
  • Researcher
  • Operations Manger

Education

  • Elementary and Secondary
  • Junior Colleges
  • Universities & 4-year Colleges

Federal, State, & Local Government

  • Budget Analyst
  • Planner
  • Revenue Officer
  • Auditor
  • Forecaster
  • Researcher
  • Federal Agencies
  • Federal Reserve Board

Health Care Management

  • Health Economists
  • Management
  • Administrator
  • Insurance

Human Resource Management

  • Administrator
  • Budget Analyst
  • Benefits Coordinator

Insurance

  • Actuarial Work
  • Underwriting
  • Sales
  • Operations

International Trade

  • Importer
  • Exporter
  • Arbitrage Officer
  • Market Developer

Labor & Industrial Relations

  • Contract Negotiator
  • Grievance Officer
  • Arbiter
  • Labor Economist

Law

Economics Majors tend to score well on the LSAT and find their background useful in a number of areas. Economics Majors work in:

  • Corporate Law
  • Antitrust Law
  • Tax Law
  • Public Policy
  • Property Rights
  • Contract Law
  • Negligence & Malpractice
  • Lobbying

Market Research

  • Research Analyst
  • Market Concentration & Capacity Analyst
  • Strategist

Private Research & Consulting

  • Business Consulting
  • Antitrust Consulting
  • Benefit Cost Analyses
  • Strategic Consulting

Public Utilities

  • Management
  • Pricing and Rate Determination
  • Government Supervision

Real Estate

  • Appraisal
  • Investment
  • Taxation
  • Government Acquisition
  • Management

Retail

  • Store Management
  • Buying