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What can you do with a business major or in my case economic management?

This will be my major but I don't know what I can do with it. majors college-major business

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Mark’s Answer

Hi Melissa!

My son is in college and changed his major from business to economics. I'd say that the sky is the limit for you! You can go in so many directions!!

There's the obvious... You could be an Economist... or a financial analyst or planner. There's investment analyst. There is also sales, marketing and advertising. You could be an Actuary and I have a good friend who is a statistician!

Indeed published an article in December of 2020 - Top 18 Economic Degree Jobs. Here's the rundown!

Credit Analyst - National average salary $57K
Personal Finance Adviser - National average salary $65K
Policy Analyst - National average salary $66K
Supuply Chain Analyst - National average salary $67K
Economic consultant - National average salary $68K
Business Reporter - National average salary $69K
Loan Officer - National average salary $75K
Portfolio Manager - National average salary $78K
Management Consultant - National average salary $82K
Senior Financial Analyst - National average salary $85K
Statistician - National average salary $88K
Corporate Lawyer - National average salary $94K
Product Manager - National average salary $102K
Economist - National average salary $102K
Compensation Manager - National average salary $106K
Actuary - National average salary $113K
Senior Market Analyst - National average salary $115K
Quantitative Analyst - National average salary $141K

I rounded on the salaries, but you get the idea!! The article also list the companies with those positions along with links to apply for company positions.

Here's the link to the article: https://www.indeed.com/career-advice/finding-a-job/top-economics-degree-jobs

Hope this helps!!
Mark
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Katie’s Answer

Hi Melissa,

I was an economics major in college and had a similar thought. Economics and business majors are pretty high level and give you a great baseline to start your career.

Similar to what Mark said - the sky really is the limit! I realized that finance wasn't my right path so I actually went into advertising/marketing with my economics degree. Every day I use what I learned for problem solving, data analysis and what's going on in the economy to help me find solutions for clients.

For majors, especially business/economics, they are broad enough that you can test out the different fields that you may want to go into and it doesn't pigeonhole you into a specific job. This is a great way to learning about different career paths. Both majors teach you how to work in business so that you can have the experience to get a wide set of jobs post-grad. The list that Mark provided was a great start to all the different types of jobs that you could try out post-grad!

Hopefully this helps, let me know if you have any questions!

Good luck!
Katie
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Andy’s Answer

Hi Melissa,

I would definitely echo the messages provided by Mark, Katie, and Catherine. Having a business/economics degree should not be a deterrent as you start your career and figure out what type of work you enjoy. As you go through college, there is such an emphasis on taking the right courses and obtaining the right degree. However, I believe that it is also super important to balance enjoyable work. If you don't, there is a high chance of career dissatisfaction or job burnout.

As you navigate the beginning of your career, I would recommend writing down or keeping notes of the work you enjoy, classes you found interesting or if there are any particular skills you have an interest in obtaining. Utilize learning platforms like Udemy, LinkedIn Learning, etc. to dive deeper into the skills and practices you are interested in to see if that is truly what you like will help you narrow in on your focus areas. In addition, gaining experience in your fields of interest or working on projects will help you uncover areas that you may enjoy.

One bit of advice I received while in school was that you're going to have to start being comfortable in uncomfortable situations. Putting yourself out there and not being afraid to fail will help you gain valuable experience and insights into the things you enjoy and don't enjoy.

Hope this helps and good luck!

Andy
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Catherine’s Answer

I was also an economics major in college. It taught me how to think about markets and businesses and understand where demand and supply lie and interact. I think this prepares you for a number of different careers! You could join a professional services firm or start your own business.
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