Economists wear many different hats. They may determine fair prices for securities, goods and services. They may conduct economics research to analyze and predict consumer purchase behavior or make recommendations on policies that will strengthen our economy. They may create plans to help local government officials or corporations implement plans, or are involved with capital transfers, monetary policies or global trade issues. Sometimes economists manage staff, employ individuals or assign tasks. Economists may even be called to testify at legislative hearings or regulatory commissions, where their educated opinion is valued. In essence, the academic journey of someone pursing an economics education is full of hard work and tough courses, but with salaries averaging between $50,000 and $200,000, it’s ultimately rewarding.
People who have obtained bachelor’s degrees in economics education have a good selection of job opportunities, according to data collected by www.payscale.com. Currently, the top jobs held by individuals holding a bachelor’s degree in economics are Financial Analysts ($54,100), Accountants ($45,900), Financial Controllers (F($84,100), Operations Managers ($70,600), Operations Managers ($70,600), Corporate Financial Analysts ($63,400), IT Project Managers ($94,700), Business Process Consultants ($104,000), Personal Bankers ($37,600) and Business Analysts ($65,900). During undergrad, students will take tons of math courses, as well as philosophy, economic theory, business management and business writing courses.
Other jobs for students pursuing economics education at the bachelor’s level may include Financial Research Analysts ($85,500), who gather information and determine how a company or individual should spend their money to maximize profits, or Underwriters ($63,200), who assesses new clients for potential risk and insurance liability. Management Consultants ($124,000) provide advice on the strategy, structure and operations of an organization to provide added value and improve performance. Construction Project Managers ($86,000) plan, direct, coordinate and budget the completion of infrastructure projects. Credit Analysts ($46,700) determine the creditworthiness of prospective borrowers. Banking Branch Managers ($58,500) ensure branch profitability goals are met and manage losses. Regional Sales Managers ($104,000) forecast, review inventory, travel, recruit, train and ensure that growth goals are met. These are just a few of the positions that can be secured with just a bachelor’s Degree in education economics, although obtaining higher degrees will make an individual more competitive.
The best advice former economics education students can give is “take more mathematics courses.” Econometrics courses are the heart and soul of this major, so do not skip over it. “You can pick up the economics as you go along,” says one graduate, “but you can’t learn the math and still keep up.” Learning differential equations, real analysis, advanced calculus and statistics are the key to your success in the higher levels. Attending seminars and pursuing internships outside your economics college will come in handy too, students say. Essentially, you want to be an expert in your field, so you must embed yourself into the scene and identify what issues and topics are important to economists as a whole. This can be kept up with by reading The Economist and The Wall Street Journal.
Beth Kaminski is the co-author of Curing Your Anxiety And Panic Attacks which detailed treatment for anxiety attacks as well as tips on the various anxiety disorder medications available at anxietydisordercure.com.
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