Career Choices for Those with a Degree in Economics

career choices for those with a degree in economics

Have you considered studying Economics? According to the 2013 – 2014 PayScale College Salary Report, the average starting salary for a person with an Economics degree in the US is $50,100. The surprising fact is that the number increases to $96,700 for someone with 15 years of experience.

How often have you heard someone say that they have a university degree but no job prospects based on what they studied? That is why I think it is important to research job opportunities and payscales before you begin university. Yes, it is important to work in a career doing something you enjoy, but it is also important to pursue a career with well paying job opportunities so that you are able to find a good job after graduating.

What I find exciting about pursuing a degree in Economics is that it will prepare you to work in a variety of professions because of the skills and mindset that you will develop. Some of those skills include:

  • An ability to prepare oral and written presentations and reports using current data and technology
  • The analytical skills necessary for understanding and solving complex economic problems related to production and consumption in a variety of national and international settings including product, labour and capital markets
  • Logical thinking skills and the ability to lead and interact with a variety of people with different approaches and personal and professional backgrounds

As you can see, those are valuable skills that will open so many new doors for you when it comes time to find a new job. And the more options you have the better.

Now you may find that some careers that require a degree in economics also require additional education. It will be important for you to check out those requirements as you research job opportunities before you begin university. If you need a certain number of years to obtain your economics degree and then a few more years for a graduate degree in order to pursue your chosen career, you want to know that before you even begin, as it may modify your decisions.

Curious about what your career options will be? Careers with an economics degree include:

  • Accountant
  • Actuary
  • Credit Analyst
  • Financial Analyst
  • Stockbroker
  • Professor
  • Insurance Broker
  • Investment Banking Analyst
  • Statistician
  • Tax Economist
  • Hospital Administrator
  • Agricultural Economist
  • International Trade Specialist

And so much more.

Once you graduate it is also very important to continue to develop your skills and gain experience through additional training courses that are specific to your chosen career. And immediately begin networking by joining a professional organization in the hopes of meeting people that can introduce you to potential employers and others that are already working in an Economics related career.


    • femmefrugality

      femmefrugality 04/17/2014 7:42 p.m. #

      Love this! My husband is currently exploring all realms of his business degree before he gets specified, including economics. He's great a public speaking and has those other skills, as well. Will pass this along!

      • Sicorra

        Sicorra 04/18/2014 8:53 a.m. #

        That sounds exciting for your husband. So many options to choose from and decisions to make. Best of luck to him.

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