5 answers
3
Questions
Updated
1010 views
What type of careers can I look forward to if I pursue economics?
I want to know more about the pay, what you usually do on a casual day, and what experiences did you have prior to starting this career!
Login to comment
5 answers
Updated
Karin’s Answer
Hi Roger,
As an economics graduate, you have options e.g. in finance/banking, data science, government, politics, research, teaching or consulting. You could also use your degree as a basis to go into e.g. journalism, market research or law if you are so inclined. Typically, a masters degree is needed for entry-level roles as an economist. In some roles you will need a graduate degree.
Pay varies widely with the job role, and nobody can tell you what jobs will be available and what pay will be offered when YOU graduate. Currently, the median pay is somewhere between $100k-150k with top roles making >$200k.
I hope this helps! All the best to you!
KP
https://www.aeaweb.org/
https://inomics.com/jobs/united-states
https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm
As an economics graduate, you have options e.g. in finance/banking, data science, government, politics, research, teaching or consulting. You could also use your degree as a basis to go into e.g. journalism, market research or law if you are so inclined. Typically, a masters degree is needed for entry-level roles as an economist. In some roles you will need a graduate degree.
Pay varies widely with the job role, and nobody can tell you what jobs will be available and what pay will be offered when YOU graduate. Currently, the median pay is somewhere between $100k-150k with top roles making >$200k.
I hope this helps! All the best to you!
KP
Karin recommends the following next steps:
Updated
Rebecca’s Answer
Thank you for your question. There are plenty of career related to economics.
Below are my suggestions:
1. There are many economics related careers, eg economist, financial analyst, business analyst , banker, marker data analyst, etc. You can find out more economics related careers online.
2. Find out more on these careers and determine what you have interest
3. Seek guidance from the professors in colleges. Speak to alumni who are working in the relevant careers
4. Shortlist 1-2 careers you would like to pursue
5.. Select subjects relevant to the careers and explore any intern opportunities
Hope this helps! Good luck!
May Almighty God bless you!
Below are my suggestions:
1. There are many economics related careers, eg economist, financial analyst, business analyst , banker, marker data analyst, etc. You can find out more economics related careers online.
2. Find out more on these careers and determine what you have interest
3. Seek guidance from the professors in colleges. Speak to alumni who are working in the relevant careers
4. Shortlist 1-2 careers you would like to pursue
5.. Select subjects relevant to the careers and explore any intern opportunities
Hope this helps! Good luck!
May Almighty God bless you!
Updated
Teresa’s Answer
Hi Roger,
I earned both my bachelor’s and master’s degrees in Economics, and I found that a master’s degree opened far more opportunities than a bachelor’s alone. My training enabled me to work across consulting, global account management, and corporate strategy roles. Economics is a highly versatile discipline; it develops analytical thinking and problem-solving skills that translate well across industries and functions, offering substantial career flexibility. I also worked in four different countries and would recommend working in a global environment to expand opportunities. With an Economics master's degree and a few years of experience, you could expect to earn between $100,000 and $200,000. Good luck!
I earned both my bachelor’s and master’s degrees in Economics, and I found that a master’s degree opened far more opportunities than a bachelor’s alone. My training enabled me to work across consulting, global account management, and corporate strategy roles. Economics is a highly versatile discipline; it develops analytical thinking and problem-solving skills that translate well across industries and functions, offering substantial career flexibility. I also worked in four different countries and would recommend working in a global environment to expand opportunities. With an Economics master's degree and a few years of experience, you could expect to earn between $100,000 and $200,000. Good luck!
Tyler White
Account Executive - Tech Sales, Real Estate Investor, Coach
50
Answers
Updated
Tyler’s Answer
Economics is one of the best major choices because of the flexibility you gain in what you want to pursue.
With an economics degree, you can pursue consulting, teaching, entrepreneurship, sale ops, financial analyst, and investment banking.
Hope this helps!
With an economics degree, you can pursue consulting, teaching, entrepreneurship, sale ops, financial analyst, and investment banking.
Hope this helps!
Updated
Simona’s Answer
You can do a lot with economics, it's one of the majors that gives you the broadest choices when it comes to job fields.
What can help as a starting point is to understand how companies operate and what departments they contain (this will be specific to their industry, but generally one could say this):
1. Research & Development ("R&D") / Programming / Product Development
2. Marketing
3. Sales / customer-facing
4. Finance
5. Legal
6. IT
7. Depending on the company, sometimes Manufacturing, but this is often outsourced nowadays
8. Operations (all the background processes like facilitating that Sales gets their quotes for customers, or that manufacturing can ship via logistics to a b2b or b2c selling point)
Between those fields there are a huge number of roles, and an economics degree is particularly good to enter R&D, Marketing, Sales, Finance, and Operations, and sometimes IT if you minor in it. Personally I would stay clear of Marketing because there are too many brilliant marketing professionals being laid off over and over again because it's the first place a company cuts down on when they have less to spend.
And beyond that, you can of course eventually start your own gig, but I would definitely go and get some experience first :)
Hope this helps!
What can help as a starting point is to understand how companies operate and what departments they contain (this will be specific to their industry, but generally one could say this):
1. Research & Development ("R&D") / Programming / Product Development
2. Marketing
3. Sales / customer-facing
4. Finance
5. Legal
6. IT
7. Depending on the company, sometimes Manufacturing, but this is often outsourced nowadays
8. Operations (all the background processes like facilitating that Sales gets their quotes for customers, or that manufacturing can ship via logistics to a b2b or b2c selling point)
Between those fields there are a huge number of roles, and an economics degree is particularly good to enter R&D, Marketing, Sales, Finance, and Operations, and sometimes IT if you minor in it. Personally I would stay clear of Marketing because there are too many brilliant marketing professionals being laid off over and over again because it's the first place a company cuts down on when they have less to spend.
And beyond that, you can of course eventually start your own gig, but I would definitely go and get some experience first :)
Hope this helps!