What Opportunities Exist With An Economics Degree?

Choosing to major in economics is a popular program for international students. So if you're the analytical type, fascinated by the world around you, then an economics major might be the right option for you. 

⁣⠀

If you're working in economics, you must translate your complex findings into a format that business leaders, legislators, and everyday people can understand.⁣ If you don't envision a future in finance, there are several other options in government, academia, and elsewhere.

⁣⠀

Let's first delve into some of the most common jobs for economics majors:

Economist

Becoming an economist is a great career path to embark on with your economics degree. Various institutions, including governments, employ economists to evaluate economic issues. Most days are spent conducting qualitative and quantitative research for organizations to solve financial problems. Depending on where you work, your day-to-day tasks might vary. What you would do working for the government as an economist would be different from what you would do working for a private corporation. If you're looking to advance in this field, a Master's degree or Doctorate would be required; however, there are entry-level positions available for candidates with only a Bachelor's degree. Source: https://www.noodle.com/articles/how-to-become-an-economist-also-what-do-economists-do 


Typical entry-level degree: Bachelor's degree


Lawyer

Another common profession for economics majors is to study and practice law. Lawyers can work at the intersection of law and finance as a real estate, tax, or banking lawyer. If that's the route, you're headed, earning a Bachelor's degree in economics before law school is a great plan. Becoming a lawyer will take more schooling and passing the Law School Admissions Test (LSAT). Once you pass that and enter into law school, you'll earn your Juris Doctor degree, and then you'll work to pass the Bar exam. It typically takes 3 years to graduate law school; the entire process can take 7-8 years. Source: https://blog.collegevine.com/how-to-become-a-lawyer-steps-to-take-from-high-school/


Typical entry-level degree: Juris Doctor degree


Personal financial advisor

If you love providing financial advice, becoming a personal financial advisor might be the way to go. In this profession, you'll get to work with clients looking to meet their financial goals while also providing advice on investments, mortgages, or retirement funds. Depending on the role you'd play in the company you choose to work for, a Bachelor's degree in economics is typically enough. If you decide that trading stocks or making investments are more appealing, additional licensing and certification might be necessary. Source: https://www.thestreet.com/how-to/how-to-become-a-financial-advisor-14650926


Typical entry-level degree: Bachelor's degree


If you don't want to go the finance route, you can take several untraditional career paths while still majoring in economics. 


Environmental economist 

If environmental science and economics both interest you, becoming an environmental economist may be an exciting career. You may work for governmental organizations or environmental consulting firms crafting policy on energy use or even determining financial and environmental costs on various projects. If this is the path you're taking, it will typically require a graduate degree with a strong math and environmental science background. Source: https://www.environmentalscience.org/career/environmental-economist#:~:text=The%20majority%20of%20environmental%20and,practical%20experience%20in%20economic%20analysis.


Typical entry-level degree: Master's degree


Business reporter

This is the perfect career for those fascinated by economics but not looking to get caught up in the financial sector. Business writers cover essential business world developments and also the overall economy. It's essential to have a curiosity for economics and finance to be successful in this role. While there's no education requirement to become a writer, it's a good idea to earn your Bachelor's in economics while taking coursework in English and journalism. This will provide you with a well-rounded education to enter the job market. Source: https://study.com/how_to_become_a_reporter.html


Typical entry-level degree: Bachelor's degree


Given how broad this major is, the career choices are endless with an economics degree. If obtaining an economics degree sounds exciting to you and you'd like to know more, come to our WebiFair events and search the economics tag to speak to universities directly offering that program! 


Contact
webifairs@univassist.com
U.S.
55 Union Place #146
Summit, NJ 07901, U.S.
Follow us
Instagram Logo
KIC UnivAssist Logo