What Entry-Level Jobs Does an Economics Degree Prepare You For?

If you have an analytical mind, enjoy working with statistics and are interested in how societies allocate their resources, you might consider entering the field of economics. Those who enter this field find careers with business, government and nonprofit organizations. Read on to learn about a few of the career paths open to you with a degree in this field. Schools offering Economics degrees can also be found in these popular choices.

Overview of Entry-Level Jobs in Economics

While many positions require you to have an advanced degree or experience, there are some entry-level jobs you can hold once you've obtained your bachelor's degree.

In fact, studying economics will prepare you for many types of careers instead of just one position. This is because you'll learn a set of skills that can serve you in a wide variety of fields, such as critical thinking, research and analytical skills. Earning a bachelor's degree in economics also prepares you for graduate-level programs, including those in business, law and finance.

Important Facts About the Highest Paying Health Professions

Economic Consultant Financial Analyst Management Analyst Real Estate Agent
On-the-Job Training Internships available Internships available Not provided for profession; however, experience gained through prior work experience Internship available
Key Skills Analytical and critical thinking; clear communication, strong mathematical foundation, attention to detail Computer competency, good judgment and decision making, analytical thinking, strong mathematical foundation Problem solving, time management, social nuance, clear communication Business acumen, organization, problem solving, social nuance
Work Environment Management, scientific, and technical consulting services, scientific research and development services, finance and insurance companies Securities, commodity contracts, and other financial investments and related activities, management of companies and enterprises, credit intermediation and related services Management, scientific, and technical, consulting services, finance and insurance companies, federal, state, and local government Real estate agents and brokers offices, management of companies and enterprises, activities related to real estate
Similar Occupations Budget analysts, statisticians, market research analysts Financial managers, personal financial advisors, insurance underwriters Administrative services managers, cost estimators, financial managers Advertising sales agents, loan officers, wholesale and manufacturing sales representatives

Economic Consultant

Economic consultants use data to create job market forecasts, study interest rates and determine product price points. Entry-level positions in economic consulting usually require you to hold a graduate or postgraduate degree, but the U.S. Bureau of Labor Statistics (BLS) notes that a few positions in the federal government are available to candidates who hold bachelor's degrees (www.bls.gov). The number of positions for economists, including consultants, are predicted by the BLS to increase by 6% between 2014 and 2024, which is about as fast as average for all jobs. According to the BLS as of May 2014, economists made a median annual salary of $95,710.

Financial Analyst

As a financial analyst, you'd help individuals or companies make decisions about investments and finances. Most of the time, earning a bachelor's degree is sufficient preparation for becoming a financial analyst, but some positions might require you to have a master's degree. Many companies will encourage you to become certified once you have obtained a position.

According to the BLS, this position tends to be financially rewarding, although you might face competition for jobs. The BLS predicts that positions for financial analysts should increase by 12% between 2014 and 2024, which is faster than average. As of May 2014, financial analysts made a median annual salary of $78,620.

Management Analyst

As a management analyst, you would help organizations and businesses streamline their operations or boost their profits. Because there aren't many degree programs in management analysis, an economics degree is often a useful substitute.

The BLS notes that entry-level positions are most common with government agencies because private businesses often look for job candidates who have advanced degrees or experience. Additionally, the BLS states that job opportunities may be better for those with a Certified Management Consultant (CMC) certification from the Institute of Management Consultants USA. Between 2014 and 2024, job positions are predicted to increase by 14%, and as of May 2014, the median annual salary for management analysts was $80,880, according to the BLS.

Real Estate Agent

If you seek real estate licensing in addition to earning a bachelor's degree, you could become a real estate broker or agent. In these positions, you would facilitate the transaction process between property purchasers and sellers. Even though you don't necessarily need a degree to work in the real estate field, the courses you take in an economics program, such as statistics, marketing and business economics, could be helpful in bringing you success.

Job positions for real estate brokers and sales agents are expected to increase by 3% between 2014 and 2024, which is slower than average. The BLS reports that the annual median wage for real estate sales agents, as of May 2014, was $43,430.

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:

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