The bottom 10% earned less than $52,540 and the top 10% earned more than $167,420. 2. They get good jobs. Data analysts take piles of structured, semi-structured, and unstructured data and make sense of it. You’ll identify patterns and trends, gather insights, and share details about how various decisions would impact the company. Apply to Customer Service Representative, Entry Level Developer, Business Analyst and more! Often, tech, business, finance, and various other departments would be thrilled to have an economics major in their ranks. As a market research analyst, you can use knowledge to explore how a product or service is impacted by shifts in economic conditions, industry trends, and consumer sentiment. "Business Reporter Salary." Along with strong data gathering and analysis skills, strong presentation capabilities are a must. Many people underestimate the potential of their economics major, mainly because they aren’t aware of how many economics degree jobs are around. Companies all over the world value the knowledge and skillset that comes with an economics degree, and regardless of prior work experience, the odds of finding an economics job abroad are very much in your favor. Economics majors learn to gather, organize, and interpret data, using mathematical formulas and statistics to make calculations. Learn more about The Interview Guys on our About Us page. Here is a video on the Top Jobs for Economics Majors in 2020! If you’re working on your degree or are a recent graduate, consider the options above. Being an economics major gives you mad data analysis skills. With an economics degree, you can join this prestigious profession. However, some economics majors may spend their time as analysts and commentators, sharing their insights and perspectives on a range of business matters. Financial manager A list of the most popular jobs for economics majors. An accounting major with an economics minor, for example, may pursue a career as an accountant or budget officer. Their analyses often require the advanced quantitative skills possessed by many economics majors. These analysts often use computer software and models to aid their analyses. Luckily, we’re here to shine a spotlight on that. Actuaries apply advanced mathematical and statistical skills to determine the likelihood of events like fires, deaths, illnesses, and business failures. With a degree in-hand, policy analysts can often secure strong salaries, coming in around $58,924 a year. 27. Credit analysts conduct microeconomic analyses of prospective clients to assess the risks involved with loaning funds to those people or businesses. In essence, they are ongoing students of economics as applied to the modern world. They also create models to predict the impact of investments, policy decisions, industry trends, demographics, climate change, and much more. These professionals spend their days studying economies, specifically how an area’s resources influence its production, output, and material wealth. Page 1 of 248 jobs. Maybe you could work in microfinance or budget planning. Underwriters focus on evaluating risk, something that an economics major would be well-equipped to handle. … 10 Jobs for Graduates With an Economics Degree, Top 10 Best Jobs for Communication Majors, Discover the Top 10 Jobs for Business Majors, Top 10 Job Options for Psychology Majors to Consider, Jobs and Careers for Political Science Majors, Career Options for Environmental Studies Majors, Private Security Guard Job Description: Salary, Skills, & More. The bottom 10% earned up to $42,000, while the top 10% earned $82,000 or more. Search 4,115 Economics Degree jobs now available on Indeed.com, the world's largest job site. Overview International economics majors examine the ways that economics influence the interdependent nature of the world. Salary: According to PayScale, policy analysts earn an average annual salary of $59,312. The bottom 10% earned less than $43,430 and the top 10% earned more than $145,840.. With that in mind, here’s a look at the different options. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. Some Economics Jobs Jobs for economics majors include financial analyst, trust officer, managing consultant, market researcher, public policy consultant, stockbroker, and actuary. Consider igniting that kind of interest in someone else by teaching. The bottom 10% earned less than $64,860, and the top 10% earned more than $193,600., Job Outlook: The BLS predicts that jobs for actuaries will grow at the much-faster-than-average rate of 20% through 2028.. It allows you to assist experienced professionals by gathering data, analyzing findings, and creating reports, all of which are foundational skills in economics. Plus, if you end up in the top 10 percent of earners, you could easily cross $122,000 a year. With some time, a salary northward of $162,000 is even possible. What Are the Best Jobs in the Banking Industry? Well known for their dazzling smiles and senses of humor. Actuaries often use software to help with their analyses. All of these are fantastic career paths for anyone who is analytical and has a good head for numbers and finance. Whether you have questions about entry-level economics jobs, economics major salary levels, or anything else about the economics major and how it can turn into a career, here’s what you need to know. Again, a person's major field of study, work skills and career interests help determine specific career paths. Never miss another job opportunity! The economics major provides an excellent background in the financial and quantitative modeling that consultants use to conduct their analyses. By scouring millions of job listings and scanning through 11,175 business economics major resumes we were able to find the most preferred jobs by business economics majors. Being a professional economist is the target of most economics majors since the major subjects of economics degrees are in preparation for becoming an economist. "Average Economic Consultant Salary." Much of an insurance underwriter’s job focuses on data analysis, allowing them to determine coverage and premium amounts that make sense for various clients. If you’re looking for entry-level economics jobs, research assistant is a solid choice. The bottom 10% earned less than $59,670 and the top 10% earned more than $208,000., Job Outlook: The BLS predicts that jobs for lawyers will grow by 6% through 2028, about as fast as average for all occupations.. Great lawyers are able to research, investigate, and synthesize complex information, and then communicate their findings to a judge or jury in a clear, compelling manner. Lawyers draw on research and writing skills to carry out their work. 1. If you earn this type of degree, these are the kind of economic major jobs you will find waiting for you after graduating. His advice and insights have been shared and featured by publications such as Forbes, Entrepreneur, CNBC and more as well as educational institutions such as the University of Michigan, Penn State, Northeastern and others. However, you may be able to get away with a Bachelor’s if you’re focused on entry-level economics jobs. They analyze industry trends to help organizations improve their performance. As an entry-level economics job, it isn’t a bad choice either. However, with a bit of experience, crossing the six-figure threshold is definitely on the table. Accessed June 25, 2020. Many of the highest-paying jobs for economics majors go to candidates who have advanced degrees in law, business, or finance, as well as several years of experience. However, the top ten percent can get to $78,800. Economists also work for the government. You might develop a hypothesis and then gather data, allowing you to determine if your idea was correct. Additionally, you’d develop plans for mitigating or addressing risk, reducing a company’s exposure, and reducing the cost of a poor outcome. Usually, it takes a Bachelor’s degree to land a position as a market research analyst. Review the Best Jobs For Economics Majors by salary. To keep businesses profitable and markets functioning, someone needs to understand and analyze the profits and losses over time. Economists monitor economic trends, conduct research on economic factors, analyze data, give data … If you major in economics, a minor in environmental studies, ecology, or a similar discipline could help you move forward down this path. They must gather facts and evidence to support a position. PayScale. Economics majors will take many courses in macroeconomics and microeconomics — both theory and practice. Here are 10 of the top jobs. Given some time, you might be able to join the top 10 percent of earners, bringing in a salary above $124,320. Salary: According to the BLS, the median annual earnings for actuaries in May 2019 was $108,350. Here are some job options to consider when you're choosing a career path with a degree in economics. That’s how some economics majors end up pivoting professionally, finding themselves part of newsrooms and reporting teams. But, if you cross into the top 10 percent, $167,420 or more is reasonably likely. NO THANKS! Many of the foundational understandings you gain can be used in many business areas, including some you may not expect. Accessed June 25, 2020. ZipRecruiter. Investments, Finance and Economics Graduates with Bcom, BSc. Co-Founder and CEO of TheInterviewGuys.com. As a compensation and benefits manager, you’d focus on analyzing workforce and labor market trends. Generally, it takes a Master’s degree to get to this level. Economics majors can expect high lifetime earnings, typically in careers in the financial sector or in money management. Economics enthusiasts tend to adore statistics. Economics/Business Reporter. A degree in economics can help you get started in many areas, including public policy and finance. Since political science majors study the process for generating public policy, the role of policy analyst is a natural application of their work as a student. You can use an economics degree to study industry trends, labor markets, the prospects for individual companies, and the forces that drive the economy. Social Worker Job Description: Salaries, Skills, & More, Moving on Up: Types of Jobs in Real Estate. Economics Jobs Abroad In midst of the globalizing state of world economics, it has never been easier to pursue economics jobs abroad. There were so many different jobs, it was a pretty cool experience to see what was out there. Salary: The Bureau of Labor Statistics (BLS) estimated that a market research analyst’s median annual salary was $63,790 in May 2019. An economics major is a great option for anyone interested in pursuing a career in business or finance. Even starting out, making $44,480 a year or so is certainly possible. Many economics majors get at least a bit of both. Once there, economists earn a pretty penny for their expertise, too. "Management Analysts." What you’d need: Supplementing your bachelor’s degree with a certification in a specific field can improve your job prospects. If you're the analytical type, fascinated by the world around you, then an economics major might be a good choice for you. Jobs for Economics Majors . Most career options for Economics students fall within a “good” or “normal” job outlook, with the lower-end salaries falling around $45,000 and the highest above $100,000/year. Sort by: relevance - date. CREATE AN EMAIL ALERT. The position may be particularly intriguing to eco-minded individuals who aren’t interested in traditional research or advocacy approaches. Once you’re in the role, a salary of about $63,790 a year is certainly possible. They take into account economic trends and factors impacting the region, industries, and competitors of prospective clients. They must think critically about products and services and be adept at solving problems. Then, you’d use your expertise to analyze supply and demand for various job classifications, create compensation packages to attract and retain the right kinds of professionals, and guide senior management on critical decision points. Tutor, Graduate Manager, Independent Contractor and more on Indeed.com Accessed June 25, 2020. You know how you approached your science projects in school? Communication:explain complex concepts and theories to others. Entry Level Economics jobs. These professionals analyze data and use their economic knowledge to help government agencies and legislative bodies address issues in ways that most benefit communities. However, the top 10 percent bring in more than $117,000 a year, showing how far your career can potentially go. Here are 10 of the top jobs. Salary: PayScale estimates that the average annual salary for an economic consultant is $74,630. Western Cape Job Type: Permanent; Posted: 04 Feb 2021 55 … The best job opportunity economics majors have is of pursuing a career as a financial manager, which emerged as the highest-paid job position in … Usually, there are two reasons to choose any particular college major: sheer enjoyment and career potential. Economic consultants can also act as expert witnesses in legal cases to assess economic damages, analyze intellectual property and antitrust violations, and to address regulatory violations. Mike is a job interview and career expert and the head writer at TheInterviewGuys.com. Did you know that accountant was one of the economics major jobs on the table? The bottom 10% earned less than $69,870 and the top 10% earned more than $208,000.. As an actuary, you’d use your skills to analyze risk by gathering data and reviewing the impact of a range of variables. Usually, a yearly salary of around $105,000 is pretty normal, though the top 10 percent can snag an annual pay rate in excess of $185,000. Credit analysts prepare reports summarizing their findings and suggest interest rates that are appropriate to clients' risk profiles. The most lucrative opportunities for Economics majors are those that require postgraduate education. You’d design surveys, collect responses, analyze the data, and generate reports. Compensation and benefits managers research pay and benefits in similar organizations within their industry to establish a competitive structure for their company’s pay and benefits. In this role, you’d need to be able to showcase your findings to stakeholders, ensuring the company can make smart decisions. Among others, economics majors learn skills in: Abstract … The bottom 10% earned less than $34,350 and the top 10% earned more than $122,630., Job Outlook: The BLS projected that employment of market research analysts will grow 20% from 2018 to 2028, much faster than the average for all occupations.. In this challenging career, economics graduates can put their sharp problem solving skills to the test as they prepare and try their cases. What Skills Do Economics Majors Learn? In this role, you’d use your data analysis powers to help companies make critical decisions, guiding them on how they can improve products, services, processes, and more. Like economics majors, they are trained to design studies and to gather and analyze data. Financial analysts research companies, industries, stocks, bonds, and other investment vehicles for finance departments.