What can you do with a degree in economics? Is an economics degree worth it? These are common questions often heard from prospective students. If these questions are keeping you up at night, read on for some helpful answers. There are so many workplaces in the public and private sector that need economics professionals. What can I do with an economics degree? There are so many fields you may enter with an economics degree – including the legal professional, economics profession (as a professor, researcher, or educator), economic consulting, or entering the corporate world. So the answer to the question, “what do you do with an economics degree?” or “what can I do with an econ degree?” quickly becomes – whatever interests you the most!
What Can I Do with an Economics Degree?
Thinking about your future with an economics degree, it can be hard to picture what your career prospects will be, but here’s a taste of what the future could have in store for you. What to do with an economics degree? With an economics degree in-hand, you’ll be prepared to make an impact in a wide range of professional settings. Is an economics degree worth it, you ask before applying to an economics degree program. The most solid answer is, maybe, maybe not. It depends on your capacity to network, gumption, and willingness to work hard. What do you do with an economics degree? Plenty of people don’t end up doing anything – working in a totally unrelated field – but lots of graduates go on to have very fulfilling careers.
What to do with an economics degree? You’ll qualify to apply to a wide range of jobs – which ones you go for depend on your interests and individual career goals. What can I do with an economics degree? What can I do with an econ degree? You can go on to get your MBA, go to law school, or apply to a whole range of different positions. What can you do with a degree in economics? You can finally get on the right track to living your career goals. Thinking through solutions to complex problems, helping government be more efficient, educating young minds, and many other possibilities are open to you with an economics degree in-hand from an accredited school.
Finding the Best School of Economics for You
Are you looking for the best school of economics to apply for? Some of the best undergraduate economics schools that have regional and national accreditation include the Massachusetts Institute of Technology (MIT), Harvard University, and University of California (Berkeley). Other options for the best economics undergraduate schools include the University of Chicago, Columbia University, and University of Pennsylvania. Considering studying at an accredited university in Europe? Some of the best economics undergraduate schools in Europe are the London School of Economics, University of Oxford, and University of Cambridge. Bocconi University in Italy is considered the best school of economics in Europe outside of the UK. Erasmus University in the Netherlands is considered another best school of economics.
The real best school of economics can’t be defined for you – research all the options and narrow them down according to your interests and preferences. What are the best undergraduate economics schools for the professional track you hope to enter? What are alumni doing of the best schools for economics undergrad programs you plan on applying for? Going to programs in top undergraduate economics schools will only get you so far – you have to apply yourself in order to achieve real success. MIT and Harvard are top schools for economics undergraduate degrees, but there are plenty of people who don’t even do anything exciting with their lives upon graduation. Your success depends on your grit and drive.
Attending top schools for economic undergraduate programs will be a great start, but it’s just that – a start. To continue towards success, upon graduation from one of these top undergraduate economics schools, you must have a plan and implement it with tenacity. For each program, make sure it has some national and regional accreditations. The AACSB is a national accreditation organization for business programs that makes sure high standards of education are maintained. Making sure any school you plan on applying to is accredited by the AACSB is a smart choice. AACSB accreditation means that the school maintains rigorous academic standards and that your degree from that school will be respected and honored at many private and public workplace settings, as well as law schools and graduate schools. AACSB involves a stringent process that not all schools are willing to go through and may not pass successfully, so it’s a great benchmark for determining whether an economics program is of high caliber.
Types of Economics Bachelor’s Degrees
Are you looking for the best economics program in the US or perhaps even the world? There are various specializations available in bachelor’s programs, so it’s a good idea to pick one before selecting a program to apply to. It would be such a waste of time and money to apply to a program and then realize they don’t have the specialization you’re most interested in. Different types of economics degrees include Bachelor of Arts and Bachelor of Science in Economics, though some schools offer both degree programs. BS programs are ideal for economics students who plan to enter graduate school for a master’s degree upon completion of their bachelor’s degree. What type of degree is economics? Plenty of people ask. Well, the first step is to get a bachelor’s degree in economics, and then students may choose to obtain master’s and doctoral degrees in the future.
What Kinds of Economics Degrees are There? What type of Degree is Economics?
Those interested in a career in economics will soon discover there are several concentrations and types of economic degrees available. These different types of economics degrees include –
- Applied Economics
- Quantitative Methods or Econometrics
- Economic History
- Economic Theory
- Health Economics
- International Economics
- Labor Economics
- Political Development & Economics
Each of these types of economics degrees provides students with a comprehensive understanding of the most important economic principles and prepares them for careers as
- Market Researcher
- A Financial Analyst
- A Statistician
What are the most in-demand, best economics undergraduate fields? Those with degrees from top undergraduate economics programs will find that tax accountant, auditor, forensic accountant, and managerial accountant and promising fields to enter. These lucrative fields are perfect areas in which to find work for best economics undergraduate students. Upon completion of one of the top undergraduate economics programs, there are so many possibilities for what you can do. Choose between one of the most in-demand fields for your best economics program degree and you’ll be set for a fulfilling, lucrative career.
One of the top economics fields that economists choose to enter upon graduation from a bachelor’s degree program is education. Fling open the minds of the next generation of brilliant thinkers when you become an economics teacher or professor at the private or public level. Teach high school economics and watch how young minds can be molded to absorb complex, fascinating micro and macroeconomics concepts. Economics is a fascinating field of study at every age, and imparting your knowledge of economics is always a complete blast.
Economics Certificate Programs
Perhaps a bachelor’s program wouldn’t be the best option for your life and priorities right now. Maybe you have a full-time job, family commitments, or time-intensive hobbies – maybe you have all of these three crowding your time! If that’s the case for you, know that you aren’t alone, and you don’t have to find a way to time travel in order to complete an economics certification program. Get the information and skills you need in the economics field without having to leave the comfort of your home, and without interrupting your life in the least. Certificates in economics often give people the professional leg up they’re looking for without the more arduous requirements of a degree program.
Students who already have an undergraduate degree can consider a graduate certificate in economics online. The online format gives you a flexible solution to keep up with your obligations while you work on the professional certificate. The online graduate certificate in economics also allows you to focus on making a shift to reach new goals.
There are plenty of online graduate certificate in economics programs available to interested students. The University of North Dakota has an online graduate certificate in economics program with a specialty in Applied Economics that’s excellent. This certificate in economics online and in-person program gives people the flexibility they need to fit learning into their day-to-day lives. With an online certificate in economics, you’ll be able to get the information and skills needed to further your career. This online certificate in economics takes just about 1 year to complete 12 credit hours. With a certificate in Applied Economics from UND, you’ll be able to apply to high-paying economics jobs that pay an average salary of 101K. Imagine being able to earn over 100K per year. You and your family will be living so comfortably when you qualify for a raise at your current job or perhaps even find a new, better-paying job. There’s no need to interrupt your routine and take out a lot of student loan debt – instead, focus on just enhancing your economics skills by completing an economics certificate program online. You’ll be so glad you did!
Having a degree from Harvard looks so great on any resume. Did you know that Harvard now offers a business economics certificate? It’s true! This online graduate certificate in economics will give you resume a leg up on the competition for all kinds of professional economics jobs. In this graduate certificate in economics online program, students study principles of economics, and microeconomics, and take electives. All coursework in this online certificate in economics program must be completed within 3 years in order for students to graduate. With a graduate certificate in economics online from Harvard, your career prospects will certainly be enhanced. This is an excellent program for economists already involved in the field who want to enhance their aptitude for advanced economic professional success. You’ll be able to provide for a promotion or sought-after new position with complete comfidence when you have a certificate in Economics from Harvard!
What About a Certification in Economics?
Thinking about getting a certification in economics? There are plenty of top-notch schools to choose from for your economic certification – including the University of North Dakota and even Harvard University. Complete your economics certification online – it’s going to look stellar on your resume. Finishing an economics certification online is a wise investment. Applied Economics economic certification from the University of North Dakota only requires a short time of study, and provides you with plenty of essential skills to shine in your economics career.
Young 20-something students, older career switchers, and professionals of all kinds should invest in economics certifications, which provide so much bang for the buck. There’s no need to interrupt your day-to-day life – just apply for an economic certification and unlock the next level of success today. With a certification in economics, professionals are able to serve more in their current workplaces and secure more lucrative job opportunities in the future. Economics certifications in Applied Economics, microeconomics, and other specialties are smart moves for professionals of all kinds.
Careers in Economics
What are some jobs for an economics major? What jobs can an economics degree get you? If you choose this field of study, what jobs with an economics major can you expect to be eligible to apply for? Economics major jobs graduates can apply for include those in the corporate world, the economics profession (such as researcher, educator, professor), and more. Careers for econ majors increasingly include the law profession as graduates enter law school afterward. Jobs for an economics major often include the corporate world – the micro and macro understandings of the finance world prove to be valuable assets for many different kinds of companies.
What jobs can an economics degree get you? The government sector has plenty of econ majors careers, and lots of people go to law school upon graduation. Job options for economics majors upon graduation also include economic consulting in the private and public sector. Best jobs to get with an economics degree can vary according to each person’s interests, but an average salary for an economist is a comfortable $101K. The most lucrative careers for economics majors include finance and insurance, federal government, and scientific research and development services, according to the US Bureau of Labor and Statistics.
Careers with a major in economics can be very inspiring and lead to comfortable lifestyles. Jobs for economics majors often pay really well. Average annual wages in finance and insurance fields are $110,580, and in the federal government, those with careers for econ majors earn an average of $106,850 per year. Jobs for an economics major are already abundant and are expected to increase as the global economy continues to evolve and get more complicated.
Worried about econ majors careers? Don’t be – careers for economics majors are incredibly dynamic and multi-faceted in various sectors. Excellent economics major jobs are also available in state and local governments, excluding education and hospital settings. Judging what the best careers for economics majors are depends on each candidate’s proclivities. Before beginning an economics program, research some of the best jobs with an economics degree and find a bunch of options that interest you. Many people find that jobs for economics majors are very appealing. Those who pursue jobs with an economics major find that they land plenty of interviews and end up having promising starts to their careers. Recent graduates report that their careers with a major in economics are fantastic, fulfilling, and interesting.
Economics Degree Salary Potential
When choosing a field of study, it’s important to choose something that will provide for yourself and future family’s well-being. What is the average salary of an economics major? What is an economic degree starting salary? How much do economics majors make? These are important questions to ask before beginning any degree program because of course, prospective students want to know whether a degree program will be worth the investment of time, effort, and financial resources.
How much does an economics major make? What are starting salaries for economics majors? The average salary for economics majors varies depending on what industry graduates decide to pursue, and what area of the country they live in, but the US Bureau of Labor Statistics reports that median earnings for economists were $89,450. Economics jobs salary averages range from $63,880-$110,580, depending on the industry graduates elect. How much do economics majors make after graduating with bachelor’s degrees? Economics bachelor degree salary averages (when economists only hold bachelor degrees) are about $48,500 on average. Mid-career economics bachelor degree salary is an average of $94,900, which is a significant bump.
How about the differences between men and women? How much does an economics major make according to their gender distinctions? Women with a BA in economics can expect to make $38,000 per year, and men can expect $42,000. It’s ridiculous but it’s true that bachelor degree in economics salary varies according to gender distinctions.
How much does an economics major make in different cities? Is there a difference between job searches in densely-populated areas vs. more rural ones? Of course. Job prospects for those seeking an economic degree starting salary in an urban area involves more competition and higher salaries. Those looking for a high bachelor degree in economics salary would be wise to search in Boston, San Francisco, Los Angeles, and Chicago. Starting salaries for economics majors are better in these high differential, densely-populated areas.
How about mid-career earnings? What about economics jobs salary prospects 5-10 years down the line? It’s a good idea to plan ahead to ensure future earning power. Unemployment of economists is at just 6.3%, which is better than many professions. The median economics job salary number is about $69,000, so it’s clear that an average salary of an economics major can start out well and increase over time. Average salary for economics majors are always livable wages and often lead to very comfortable lifestyles. Economics degree salary prospects look good for the foreseeable future, with low unemployment levels expected for the next few years at least. As the economy continues to diversify and become more complex, economists are expected to continue to be in demand. Many graduates find that with an economics degree salary in the bank, they are able to live fulfilling, peaceful lives – and perhaps even raise a family!
While the earning potential of a career is important, it’s also essential to compare career opportunities based on the need for that profession. Fortunately, many of the career options are expected to grow over time. The BLS projects that the need for market research analysts is expected to grow by 20 percent from 2018 until 2028. This is much faster than the average job growth when compared to most careers. The need for management research analysts is also projected to increase from 2018 until 2028. The job opportunities for this position are expected to expand by 14 percent, which is also much faster than average. The need for economists is expected to grow faster than average as well.
Whether you plan on going on to law school, graduate school, the corporate world, government service, or have any other career ambitions, the best first step is to obtain an economics degree from an accredited, well-respected university. Start researching your options and apply today!