Economics Careers

Careers in economics can be found within government agencies, academia, consulting firms, non-governmental monetary organizations such as the World Bank and the International Monetary Fund, research organizations such as Rand, as well as private sector banking, insurance, investment, and communications firms.

A June 2012 Forbes magazine report counted specialized master’s degrees in economics among the top ten best degrees available, as they offer outstanding job prospects and an expected average mid-career annual salary of more than $110,000.

Career Paths for Economists

Economists are most visible in government and academic settings where they perform economic research and analysis; however, many businesses use the skills developed through the study of economics. Business economists are responsible for forecasting consumer demand and sales, analyzing the growth and market share of competitors and advising corporate leadership accordingly. Business economists also monitor Federal legislation, such as environmental and worker safety regulations, to evaluate the impact these regulations will have on the company’s business.

Economics Professions

Professionals in a wide range of private sector jobs commonly hold degrees in economics:

  • Business Analyst
  • Corporate Treasury Analyst
  • Credit Analyst
  • Data Modeling Director
  • Global Banking Consultant
  • Investment Consultant
  • Manager Member Benefits
  • Pricing Strategist
  • Quantitative Pricing Analyst
  • Risk Operations Analyst
  • Senior Wealth Planner
  • Wealth Analyst

Specialized Areas of Economics

The Journal of Economic Literature classifies the following economic specialties:

  • General Economics
  • Macroeconomics and Monetary Economics
  • Microeconomics
  • International Economics
  • Financial Economics
  • Business Administration and Business Economics, Marketing, Accounting
  • Agricultural and Natural Resource Economics, Environmental and Ecological Economics
  • Economic History
  • Economic Systems
  • Economic Development, Technical Change, and Growth
  • Health, Education, and Welfare
  • Industrial Organization
  • Law and Economics
  • Labor and Demographic Economics
  • Mathematical and Quantitative Methods (including econometrics)
  • Public Economics
  • Schools of Economic Thought and Methodology
  • Rural, Urban, and Regional Economics
  • Special topics in economics, such as the economics of culture, religion, or the arts or gender analysis in economics

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