You're left with one big question: Well, that's where we come in. Their goal is to increase the amount of business a company does with those clients. Focus: Econometrics/Time Series Analysis/Modeling/Forecasting. If you're the analytical type, fascinated by the world around you, then an economics major might be a good choice for you. The BLS offers detailed data on pay, location, and availability of different kinds of jobs across the country. Primary duties: Statisticians can work in nearly any industry, using statistical calculations to answer questions for both public and private organizations. Yanki: I got my first job by networking, I connected to a SAIS alumni. They prepare statistical, financial, and operational reports, and they prepare materials for outside auditors. In this role, you evaluate cost, schedule, and performance metrics to track the progress and success of agency programs. We've put together a list of both entry-level jobs and those that require something beyond a bachelor's degree, so check those out below. STATA - A close relative of SAS, STATA's a powerhouse for statistical analysis and big data sets. Our well-established curriculum will prepare you for a variety of high-demand careers across the country and around the world. I will also coordinate the customer involvement of other company personnel when needed, including support resources, team members, and management. They typically work for private corporations, think tanks, or government agencies. Do you have the resources to finance more time in school? The trick with any college degree is to acquire one that will ultimately pay for itself. Sales Zippia Student Spotlights are awarded to deserving students who obtain their first jobs before graduation. And an education in economics can lead to some pretty powerful positions: Several high-ranking judges, business executives, and world leaders started out with economics degrees. What advice would you give to students looking to get a job before they graduate? Providing advice about investments, insurance, mortgages, taxes, and more can be a rewarding way to put your economics education to work. If you are trying to figure out which career path to follow with your major, then the following career path map might be useful to you. Getting a Masters of Business Administration, more commonly known as a MBA, can be one of the single best returns on investments available to recent college graduates. Median salaries have been included on this list. Some positions require that you get a license from the Financial Industry Regulatory Authority (FINRA), but employers don't generally expect you to have that before you start. You might need to start the process of becoming a certified public accountant (CPA), which requires passing an exam. Follow these five guidelines to narrow in on the best. Get A Masters In Statistics Okay, we're not saying you need to be Shakespeare here--or English Majors--but just because you'll primarily be looking at numbers, doesn't mean you won't need to communicate in plain English. A famous question in this type of questioning is "How many ping pong balls would fit in a 747?" After all, those who complete economics programs can find work in a huge variety of industries, from banking and insurance to real estate and public service—and almost none of those jobs specifically ask for economists. Department: The Johns Hopkins University Economics Department At the very least, a Masters in Statistics will put you a step ahead for any position that requires a lot of math like an actuary or business analyst. You might want to become an environmental economist. They analyze financial statements to understand the economic background of a client and determine appropriate insurance coverage amounts and premiums. Do you have a love of number crunching? What you’d do: Accounting is one of the better-known jobs for economics majors. Fortunately, he helped me navigate the system and introduced me to other people from the IMF. The map contains some of the most sought after careers for economics majors as well as some less typical careers for you to pursue with a economics degree. This high-ranking professional must understand the implications of changing economic conditions and stay on top of current events that affect the financial markets. A degree in economics will provide many opportunities to work in nearly any industry. But if you're unsure exactly what you want to do, it might be better to hold off. By scouring millions of job listings and scanning through 56,831 economics major resumes we were able to find the most preferred jobs by economics majors. Most positions require a master's degree, but some entry-level jobs are available to those with an undergraduate degree in economics. My GPA is 3.72. Companies with this position: U.S. Bank, TD-Bank, Glacier Bancorp, National average salary: $82,108 per year. Professional certification can lead to better opportunities and is available to those who have a few years of experience in this field. But, you might only make an average salary of $37,050 working in the retail industry. There are several types of advanced degrees that can help out your career and long term earning potential. Once you have at least three years of experience, you can apply for certification through the American Health Information Management Association. A degree in economics will provide many opportunities to work in nearly any industry. A degree in economics can help you get started in many areas, including public policy and finance. Fort Hays State University Actuaries’ work is essential to the insurance industry. Entry-level jobs can be had with a bachelor's degree, though an MBA could help you advance. They use sophisticated statistical modeling software to assess the likely consequences of process or organizational changes. Yanki: I am a research analyst at the IMF, which was the position I wanted since the beginning of my graduate school career. Find a job title you like and come back here to learn more about. A B.A. Their evaluations are used to make certain decisions regarding the client’s credit worthiness like credit card applications, loan applications and more. Unfortunately, unless you loaded up on math during your time as an undergraduate economics major, you're not really ready for economics graduate school. With python, you can do everything from automating computer based tasks to real time reporting. However, once you get below the top tier schools, the return on investment gets iffy. It's an intensely competitive process; many candidates have advanced degrees and extensive work experience before applying. You will have to apply for membership in a professional actuarial society and pass a series of exams to be certified. Some develop the applications that allow people to do specific tasks on a computer or another device. Part of the role involves ensuring that borrowers are treated fairly and that the financial institutions are prepared to handle any unexpected losses. With a high job satisfaction rating, median base pay and number of open jobs, Data Scientist has earned the #1 spot on Glassdoor’s Best Jobs in America list for four years in a row. Python - A great novice language that will let you impress your boss. They conduct specific research to develop forecasts and inform organizations like corporations or government entities. This career is expected to see a faster-than-average job growth between 2018 and 2028, according to the Occupational Outlook Handbook (OOH). How did you get your first job? As you close in on your economics degree, it’s time to start thinking about going from micro to macro and putting some stock into your future. Economics majors are successful in a wide variety of careers. So get out your calculator. Whether you're going to be a buyer, a financial analyst, or even a real estate developer, knowing excel comes in handy. But here, we wanted to call out some of the most common jobs for recent economics major grads. They use their skills in quantitative analysis to assess financial projections and evaluate investment proposals. How would you advise students on how to succeed in school? And don't forget about the opportunity cost. GPA: 3.72 A bachelor's degree will get you in the door; you will likely be partnered with more experienced actuaries who can guide your development. They analyze market events and their impact on potential investors. A Research Assistant helps carry out a particular research agenda.

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