When it comes to professionals with business and managerial economics backgrounds in Michigan, it is difficult to overlook the auto industry. Few industries offer economists as much opportunity to witness the direct and simple effect that inflation has on material and component commodity prices.
Also of interest to graduate students of economics in Michigan is the lending arm of the automotive industry. Ford Motor Credit leads a consumer credit industry that handles not just auto loans, but sometimes mortgage and other loans as well. Private sector economic analysts play key roles in developing the policies that dictate the way credit moves within this industry.
The economists who took part in the rejuvenation of Ford Motor Company, Chrysler, and General Motors may quite literally have saved the United States from economic despair, according to the Wall Street Journal.
Economics Salaries in Michigan
Top-salaried economist careers in Michigan pay about $126K annually; the national average for high-level economists is over $150K, according to the US Department of Labor. However, projected job growth for economists in Michigan is expected to buck trends, growing by about 7% in the current ten-year period ending 2018.