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What careers value a degree in economics?

#economics #business #career-path

business career-path economics
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Zoe’s Answer

Hi Michael,

Great question! From my experience and school particularly, most Econ students went into three fields: Accounting/Finance, Consulting, and Investment Banking. If you are interested in a career path that you don't believe your major is well preparing you for, do take the initiative to search for a Minor, take on extra projects to gain experience in that field, or network with people in that field who can give you more insights.
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Rachel’s Answer

Hi Michael,
One area I haven't seen mentioned is Operations. I studied Economics for undergrad and ended up doing Operations (Marketing) for a technology firm and have loved it! After a few years, I went back to do my MBA for more general business knowledge (finance, accounting, marketing, etc).
I think that having an Economics/Finance degree is more valuable than a Business degree because it's considered more analytical and can open up a lot of opportunities for more "analyst" or "planning" type of roles, if that's something that you think could be interesting for you.
Regards,
Rachel
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Yilin’s Answer

For undergrad, Economic Consulting, consulting, accounting, finance related, and general business since economic is a very wide field.
For Masters, Economic Consulting, data scientists, statistic related, credit rating companies, maybe some public/government offices, basically positions require not only general business knowledge but also some quantitative analytical skills.
For PhD, economist in corporates/banks, think tank, also public sector e.g. UN, Fed Reserve, census bureau etc. hire mostly PhD's since they normally don't have many entry level positions.
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David’s Answer

I majored in economics in undergrad and you really do have a diverse range of options. Depending which career path you decide to take, you can always supplement with either a MBA or look to become a CFA charterholder as an example. An economics degree is a good entry point, and if required, you can always narrow your level of expertise as required by the job.
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Edward "EJ"’s Answer

You can really go into anything economic related (think of working as an Analyst at one of the Federal Reserve Banks), Finance related, and Consulting.

I think majoring in Economics will give you a broad range of skills applicable for many career paths.
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Chris’s Answer

I majored in Economics and when I left university I really didn't know what I wanted to do! I started as a Demand Forecaster, and moved into Material Purchasing, Production Scheduling, and Capacity Planning. I built a strong career base with a broad set of skills before moving into team leadership and managerial/directors roles. I have worked in varying industries from jewelry, chemicals, food, pharmaceuticals, and engineering.

So to answer the question.......... Economics is a great major. It is a great topic to study and understand (not just for a career, but for your personal life too!), and employers see it as a tough degree which demonstrates your ability to learn and develop yourself. It is broad enough to open up different career paths and many industry segments.
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Justin’s Answer

Hi Michael!

Many careers value economics! Economics provides a base for all business in the sense that it is a part of our everyday life. One possible outlook is accounting whether it is accounting or tax. Many of the economic concepts and mathematics are transferable to the accounting field.

Best of Luck!
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Andrew’s Answer

Hi Michael! Economics is a highly valued major that can take on various types of roles. The analytical skills that you develop as an economics major can be transferable to nearly any type of role. Business/financial analysts, data scientists, marketing research, or accounting can all be roles that may be suitable for an economics major. I graduated with an economics major and have held multiple roles spanning from sales operations to accounting to corporate finance. The analytical skills will get you in the door to many places, but continuing to build on your skillset from each of the roles that you take will help propel your career!
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Harrison’s Answer

Data analyst, economist, statistician, and preferably, data scientist.
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Evan’s Answer

Business Analyst, Financial Analyst, Financial Advisor, Loan Officer, Market Research Analyst are some. When you are going for a career path, it is all about how you market your degree to prospective employers. You have deep analytical and critical thinking knowledge by obtaining an economics degree. You can leverage this degree in a wide range of fields using the skills you have developed during the time you have been in school.

Evan recommends the following next steps:

Find out the type of job you want first. You could do something interpersonal like sales if you like talking to others or you could do an analytical role if that is more what you want.
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