What Can I Do with a Degree in Economics?

Economics degree programs prepare graduates for a wide variety of occupations. An undergraduate degree can prepare you for entry-level positions, while earning a graduate degree in economics can open up a variety of additional career opportunities. Continue reading for an overview of four potential jobs for economics degree program graduates. Schools offering Economics degrees can also be found in these popular choices.

What Graduates Can Do with a Degree in Economics

Economics' relation to many other disciplines, such as psychology, sociology and anthropology, translates into graduates with diverse skills. As such, undergraduate and graduate economics degree programs prepare students for a variety of work. Graduates of these programs can work as financial analysts, loan officers, economists or professors. Below are descriptions of these jobs.

Important Facts About These Occuaptions

Financial Analyst Loan Officer Economist
Job Outlook (2014-2024) 12% growth 8% growth 6% growth
Median Salary (2014) $78,620 $62,620 $95,710
Key Skills Decision-making, analytical, and math skills Interpersonal, detail oriented, and decision-making skills Critical-thinking, analytical, and math skills
Professional Certification/Licensure Chartered Financial Analyst certification is recommended Mortgage Loan Originator license is required None required; voluntary certification is available

Source: United States Bureau of Labor Statistics

Financial Analyst

Financial analysts assist institutions in investing their money. They follow companies' market performance, assess their worth and report their findings to investors. Financial analysts also recommend a course of action for their clients. A bachelor's degree is sufficient training to qualify you for financial analyst positions.

Loan Officer

Loan officers find individuals and businesses that need loans and help to get them those loans. They obtain clients' information and assess their ability to repay loans. Loan officers also answer clients' questions and describe financing options. You can become a loan officer with a bachelor's degree.

Economist

Economists study how people use their resources or lack of resources to produce services and goods. Economists typically specialize in a particular area, such as financial economics, public finance economics or microeconomics. The goal of most economists is to gather information, study the findings and develop forecasts for the institutions and clients they work for. You will most likely need to hold a master's or PhD degree to fulfill a job as an economist.

Professor

Economics professors teach undergraduate and graduate students on college and university campuses. In addition, they usually conduct research in a particular field of economics. Unlike economists, professors' research is done to add to the growing, collective body of economics knowledge rather than direct application in industry. A doctoral degree is typically required to become an economics professor.

Economics Degree Overview

You can enroll in bachelor's, master's and PhD programs in economics. Bachelor's degree programs often include courses in economic theory, economic history and mathematical/statistical analysis. Specific courses you may take include microeconomics, macroeconomics, statistical modeling and econometrics. With an undergraduate degree in economics, you could also seek jobs as a credit analyst, purchasing analyst, insurance agent or budget analyst.

In a master's degree program, you may take classes like economics mathematics, applied statistics and advanced econometrics; a capstone project or thesis is also commonly required. Earning a master's degree broadens your job possibilities (most positions require a graduate degree) and helps you stand out among the competition. With a doctoral degree, you can seek academic and independent research careers.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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  • Strayer University

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  • Keiser University

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  • The University of Scranton

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  • Northcentral University

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