Economics

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What Can I Do With a Major In...? Economics Class of 2013 (Summer 2012, Fall 2012, Spring 2013) The following data comes from the Career Center's annual Career Destinations Survey of graduating seniors. Our primary focus for this report is to illustrate the wide variety of employment and graduate school choices past students in this major have made. The Employers & Job Titles section below includes full-time and part-time employment, and internships. Please note: Students with double and triple majors are represented in each of their majors. For example, a double major in English and Computer Science will have her/his responses included in the report for both majors. Programs for which there are four or less responses will not have any data shown to protect the confidentiality of respondents. Department Website Results Summary Graduated Responded Percent 437 158 36% Post-Graduate Activities Employed Attending Grad School Seeking Employment Other Endeavors 55% 13% 24% 8% Employment Sectors & Average Salary* For Profit Nonprofit Education Government Average Salary* 88% 2% 7% 3% $60,990 *Not all respondents report salary. Majors with four or less reported salaries have no salary information shown to protect the confidentiality of student data.

Transcript of Economics

What Can I Do With a Major In...?EconomicsClass of 2013 (Summer 2012, Fall 2012, Spring 2013)The following data comes from the Career Center's annual Career Destinations Survey of graduating seniors. Our primary focus for this report is to illustrate the wide variety of employment and graduate school choices past students in this major have made.TheEmployers & Job Titlessection below includes full-time and part-time employment, and internships.Please note:Students with double and triple majors are represented in each of their majors. For example, a double major in English and Computer Science will have her/his responses included in the report for both majors. Programs for which there are four or less responses will not have any data shown to protect the confidentiality of respondents.Department WebsiteResults Summary

GraduatedRespondedPercent

43715836%

Post-Graduate Activities

EmployedAttendingGrad SchoolSeekingEmploymentOtherEndeavors

55%13%24%8%

Employment Sectors & Average Salary*

For ProfitNonprofitEducationGovernmentAverage Salary*

88%2%7%3%$60,990

*Not all respondents report salary. Majors with four or less reported salaries have no salary information shown to protect the confidentiality of student data.

Employers & Job Titles

AAA NCNU Insurance ExchangeActuarial Analyst

AAA NCNU Insurance ExchangeActuarial Analyst

AccentureAnalyst

AccentureConsultant

AdobeOther

AICIBanking

AllianceBernsteinAssociate

Apple Computer IncSoftware Engineer

Bain and CompanyAssociate Consultant

Barclays CapitalAnalyst

Beghou ConsultingAnalyst

BoxOnline Marketing Analyst

Capital Fellows ProgramFellow

Charles River Associates IncAnalyst

Charles River Associates IncAnalyst

Cisco Systems IncProject Specialist

Citigroup Investment BankingAnalyst

Cornerstone ResearchAnalyst

Deloitte and Touche LLPAudit Assistant

Deloitte and Touche LLPAudit Assistant

Deloitte and Touche LLPConsultant

Deloitte and Touche LLPAdvisory Associate

Deloitte ConsultingBusiness Technology Analyst

eBay IncSoftware Engineer

Emerald FundFinancial Analyst

Equilar IncReporting Analyst

Equilar IncResearch Analyst

Ernst and Young LLPAccountant Auditor

Ernst and Young LLPTax Associate

Ernst and Young LLPTax Associate

Ernst and Young LLPTax Associate

Federal Reserve Bank of BostonResearch Assistant

Federal Reserve BoardResearch Assistant

Fifth Street GamingCommunications Specialist

FSC GroupAnalyst

FTI ConsultingAnalyst

Gfk GroupResearch Assistant

Goldman, Sachs and CompanyFinancial Analyst

Goldman, Sachs and CompanyAnalyst

Google IncSoftware Engineer

Houlihan Valuation AdvisorsAnalyst

JPMorgan ChasePrivate Banking Investor Analyst

JPMorgan ChaseInvestment Banking Analyst

Kleiner, Perkins, Caufield, & ByersRecruiting Analyst

KPMGFederal Tax Associate

KPMGAudit Associate

KPMGAdvisory Associate

LazardFinancial Analyst

LennoxManager - Leadership Development Program

LinkedInAccount Manager

Marin SoftwareSoftware Engineer

Match CorpsFellow

Mercer Human Resource ConsultingHealth And Benefits Analyst

MITResearch Assistant

Morgan Stanley Dean WitterInvestment Banking Analyst

MorningstarFund Analyst

NielsenAssociate

PricewaterhouseCoopers LLPAdvisory Associate

PricewaterhouseCoopers LLPConsultant

PricewaterhouseCoopers LLPAssociate

PricewaterhouseCoopers LLPAccountant Auditor

PricewaterhouseCoopers LLPAccountant Auditor

PricewaterhouseCoopers LLPTax Associate

Private medical practiceMedical Assistant

Robert W. Baird & CoEquity Research Analyst

RossAssistant Manager

Salesforce.comFinancial Analyst

SamsungOTHER

Singapore's central bankEconomist

Smith & AssociatesTrader

StoneTurn GroupAssociate

Teach for AmericaTeacher

TM Financial ForensicsAssociate

Towers WatsonAnalyst

Trader joesCrew member

TubeMogulMedia Trader

University of California BerkeleyTraining and Development Assistant

University of California BerkeleyProgram Assistant

World BankResearch Assistant

Graduate Schools Attending

Field of StudyGraduate SchoolDegree

BUSINESS MANAGEMENTSeoul National UniversityMasters

ECONOMICSUniversity of CambridgeMasters

ECONOMICSMassachusetts Institute of TechnologyPhD

EDUCATIONAL ASSESSMENTJohns Hopkins UniversityMasters

FINANCEUniversity of CambridgeMasters

FINANCEHarvard UniversityPhD

HOTEL ADMINISTRATIONLe Roches International School of Hotel ManagementOther

INDUSTRIAL ENGINEERINGUniversity of California-BerkeleyMasters

INTERDISCIPLINARY STUDIESColumbia UniversityPhD

LAWHarvard UniversityJD

LAWChinese University of Hong KongJD

MATHEMATICAL STATISTICSLondon School of EconomicsPhD

STATISTICSUniversity of ChicagoPhD

STATISTICSStanford UniversityMasters

Back to Career Destinations Survey HomeJobs for Graduates with a Bachelors Degree in EconomicsMany jobs exist for graduates with bachelor's degrees in economics. Learn about jobs for economics graduates in business, government, education and journalism.View 8 Popular SchoolsCareer Options in EconomicsKnowledge and expertise in the field of economics can be helpful for careers in almost every industry. A bachelor's degree program provides graduates with a broad basis for understanding business and the national and world economies. Graduates can use this knowledge for careers in business, government, education, journalism and international affairs, to name a few.Jobs in BusinessA bachelor's degree in economics can lead to entry-level business careers in small business, large companies, banks or financial services firms. Recent graduates might consider starting as interns to gain experience before being hired. Some business job options include: Bank teller Budget analyst Market analyst Sales intern Insurance agentJobs in GovernmentThe U.S. Bureau of Labor Statistics states that the federal government has entry-level positions available to individuals with an bachelor's in economics. Economics majors can work in government agencies as: Economists Research assistants AnalystsJournalism JobsWhile journalists typically need a degree related to English or journalism, there is a need for economists who can clearly express economic terms and theories to the public. Job options can include: Business writer or editor Freelance writer Economic affairs specialist Business journalistEducation JobsThe job of high school economics teacher is an option for individuals with bachelor's degrees in economics. High school teachers are licensed by the state in which they work. To become licensed in most states, economics teachers must complete education courses and in-school training in addition to holding a bachelor's degree in economics.Degree InformationStudents can earn either a Bachelor of Science or a Bachelor of Arts in Economics. Both of these majors include classes in economic theories, models and systems and factors that affect buying and selling. The B.S. program emphasizes mathematics and quantitative analysis, while the B.A. program integrates liberal arts courses and has a foreign language requirement. Typical courses within the economics major include: Finance Econometrics Foreign trade Business economics Statistics Microeconomics Macroeconomics Economic systemsWhat can I do with my degree?:EconomicsPrint this pageCase studies Operations manager: Matt LambA degree in economics provides you with a wide array of both subject-specific and transferable skills, all of whichare highly sought after by employers...Job optionsJobs directly related to your degree include: Chartered accountant Chartered certified accountant Chartered public finance accountant Economist Financial risk analyst Investment analyst StatisticianJobs where your degree would be useful include: Actuary Civil Service fast streamer Diplomatic Services operational officer Local government officer Management consultant Quantity surveyorRemember that many employers accept applications from graduates with any degree subject, so dont restrict your thinking to the jobs listed here. To find outwhat jobs would suit you, log in to My Prospects.Work experienceIn order to find out more about work in economics, you could consider applying for a place on theGovernment Economic Service (GES)summer vacation placement scheme, which offers work experience opportunities for 6-12 weeks. Individual government departments may also be able to offer work experience and you should contact the department directly to find out more.You could also consider work experience or work shadowing in areas such as accountancy and finance. Contact local employers to see if they can help you.Any work experience is good experience as it allows you to build essential skills in a variety of areas such as teamwork, communication and time management. Contact local volunteering or charity organisationsfor more information, or you could tryDo-itfor volunteering opportunities.Search for placements and find out more aboutwork experience and internships.Typical employersEconomists are employed in a variety of settings in both the public and private sectors.The largest employer of economists is the Civil Service through the GES. The Bank of England also provides vacancies through their graduate programme -seeBank of England Jobs.Economics graduates also find employment in a range of different areas including: other government departments and think tanks; banks (high street and city); insurance and accountancy firms; consultancies; charitable and not-for-profit organisations.Find information on employers inaccountancy, banking and finance,business, consulting and management, and otherjob sectors.Skills for your CVAn economics degree gives yousubject-specific skills enabling you to apply economic principles and models, while also understanding the larger driving forces shaping social policy as well asfinancial markets and skills in statistical analysis.However, you'll also have developed valuable transferable skills: communication- presenting findings and explaining complex data; numeracy- handling complex data and applying mathematical and statistical analysis methods; problem-solving- extracting information, drawing conclusions and making recommendations; computing- using specialised software; time management- completing specific tasks within designated time frames; analytical skills- analysing research methods, data, conclusions and recommendations.Further studyA whole range of postgraduate qualifications are available and economics graduates may choose to undertake further study for a variety of reasons. Some wish to continue studying economics at a higher level because of personal interest or they may choose a specialist area such as health, agriculture or regional economic development.Graduates may also use postgraduate study as a means to change career focus or to gain professional qualifications required to practise in certain career areas, such as accountancy.Although not essential, postgraduate study can offer an advantage to those wishing to seek careers in competitive areas.For more information on further study and to find a course that interests you, seepostgraduate study in the UKandsearch courses and research.What do economics graduates do?More than60% of economics graduates are inemployment six months after graduating, while around one-in-fivego on tofurther study.An economicsdegree places emphasis on numerical and problem-solving skills. This is reflected in the destinations of graduates as the top occupations are financial and investment analysts and advisers.Eight of thetop ten occupations for economics graduates are business, management and finance-related.DestinationsPercentage

Employed63.8%

Further study13.1%

Working and studying8.5%

Unemployed9.5%

Other5.1%

Graduate destinations for economics

Graduate destinations for economics Employed(63.8%) Further study(13.1%) Working and studying(8.5%) Unemployed(9.5%) Other(5.1%)Types of work enteredin the UK 55% 44% 33% 22% 11% 0% Business, HRand financial(52.7%) Marketing, PR and sales(9.5%) Secretarial and numerical clerks(9.3%) Retail, catering and bar work(8.3%) Other(20.2%)For a detailed breakdown of whateconomics graduates are doing six months after graduation, seeWhat Do Graduates Do?Accounting Careers!Fresh Graduate of Finance,Mngt Acctng,Mngt,...

Emerson Electric Asia Ltd. ROHQ-Quezon City (National Capital Reg)To provide excellent credit and collection activities to Emerson's customers by: Timely pre-due date courtesy calls for pre-collection; Timely completion of all...Login to view salary22 Jan4:03 pmGeneral/Cost Accounting>Financial Accounting & Reporting|Industry:Manufacturing / ProductionAftermarket Sales Manager

Cummins-Calabarzon & Mimaropa - LagunaAftermarket Sales ManagerCummins, a global power leader, is a corporation of complementarybusinessesthat design, manufacture, distribute & service engines, fuel systems,...Login to view salary10 yrs exp22 Jan3:54 pmMarketing/Business Dev|Industry:Utilities / PowerData Administrator

Schneider Electric Logistics Asia Pte. Ltd. - Philippine Br.-Cavite (Calabarzon & Mimaropa)Responsibilities Essential functionsGenerates reports and responds to inquiries regarding entered data as requested. Support elaboration of the Monthly Performance Review for all...Login to view salary3 yrs exp22 Jan3:29 pmLogistics/Supply Chain|Industry:Electrical & ElectronicsExecutive Assistant to the Vice President

Atlantic, Gulf & Pacific Co.-Muntinlupa City (National Capital Reg) - ...Responsibilities: The Executive Assistant is responsible for providing advanced, diversified and often highly-confidential secretarial and administrative support to the...Login to view salary5 yrs exp22 Jan3:26 pmSecretarial|Industry:Oil / Gas / PetroleumArea Manager

Adidas Philippines, Inc.-National Capital RegResponsibilities: Operation: Implement Retail operating procedures, policies and controls. Ensure Retail Operation Excellence. Ensure compliance with all statutory and...Login to view salary4 yrs exp22 Jan3:04 pmRetail Sales|Industry:ApparelPURCHASING OFFICER

Panorama Enterprises, Inc. (VICTORIA COURT)-National Capital Reg - Pasig CityThe Purchasing Specialist is responsible for establishing consolidated demands and procurement schedules for supplies, materials, services and equipment needed by the company. He...Login to view salary1 yr exp22 Jan2:57 pmPurchasing/Material Mgmt>Purchasing|Industry:Hotel / HospitalityDemand Forecasting Analyst - Manila Global Solutions

Emerson Electric Asia Ltd. ROHQ-National Capital RegGenerates and utilizes Sales Reports of internal and external Customer data. The resources at Emerson Manila will be used to perform the standardized analysis and reporting, as...Login to view salary2 yrs exp22 Jan2:43 pmLogistics/Supply Chain|Industry:Electrical & ElectronicsSales & Demand Analyst

Emerson Electric Asia Ltd. ROHQ-National Capital Reg - PhilippinesBrief Job Description This Demand Planning position is responsible for all forecasting activities associated with customers and products. The Demand Planner creates and maintains...Login to view salary2 yrs exp22 Jan2:39 pmLogistics/Supply Chain|Industry:Electrical & ElectronicsBUSINESS OPERATIONS CONSULTANT

Mister Donut-Western Visayas - Iloilo & BacolodProvide consultative communication and assistance tobusinesspartners in driving profit growth, network development, proper execution of marketing programs and conformance to...Login to view salary5 yrs exp22 Jan1:58 pmMarketing/Business Dev|Industry:Food & BeverageNational Sales Manager (Direct Selling)

Company Confidential-National Capital RegCandidate must possess at least a Bachelor's/College Degree , Economics,BusinessStudies/Administration/Management, Marketing, Commerce or equivalent. At least 5 year(s) of...Login to view salary5 yrs exp22 Jan1:57 pmSales - Corporate|Industry:Consumer Products / FMCGCards and Loans Review Officer

Philippine Bank of Communications (PBCOM)-National Capital RegCards and Loans Review Officer conducts Day 2 Review for the daily processes of units across Cards and Loans Operations Group. This includes (but not limited to) reviews on loan...Login to view salary3 yrs exp22 Jan1:22 pmBanking/Financial>Loan/Mortgage|Industry:Banking / FinanceProject Development Assistant (Pampanga - Based)

Amaia Land Corp.-National Capital Reg, Pampanga (Angeles ...The Project Development Associate will be part of the Project Strategic Management Group (PSMG) of Amaia, which oversees Amaias residential projects from land acquisition to...Login to view salary22 Jan1:15 pmProperty/Real Estate>Property Development|Industry:Property / Real EstateFinancial Research Analyst (Night Shift)

SNL INFORMATION SERVICES PHILIPPINES, INC.-National Capital RegAs a member of the Industry Research & Product Management Team, the Analyst will be accountable for SNL Financials Research and Product Operations Group, including...Skills: financeLogin to view salary1 yr exp22 Jan12:52 pmBanking/Financial>Analyst|Industry:Banking / FinanceInternship for Sales & Marketing Students

Phelps Dodge Philippines Energy Products Corp.-National Capital RegMarket Research. Survey Planning and Data Gathering. Promotions. Other Marketing FacetsSkills: MS Proficient, Detail Oriented, Hard Worker22 Jan11:58 amMarketing/Business Dev|Industry:Electrical & ElectronicsUrgent! Demand and Replenishment Specialist

TSI Executive Search and Consultancy Services, Inc.-National Capital Reg - Makati CityResponsibilities: The Demand & Replenishment Specialist will be responsible for the demand forecasting, replenishment of the products assigned to him, inventory and stock...Login to view salary2 yrs exp22 Jan11:50 amPurchasing/Material Mgmt>Management|Industry:HR Mgmt / ConsultingManagement Information Associate

Megaworld Corporation-National Capital RegCandidate must possess at least a Bachelor's/College Degree , Economics, Finance/Accountancy/Banking,BusinessStudies/Administration/Management, Marketing, Commerce or...Login to view salary22 Jan11:49 amGeneral/Cost Accounting>Financial Accounting & Reporting|Industry:Property / Real EstateResearch Analyst

Platinum Group Metals Corporation-National Capital RegResponsibilities: To assist in Investor Relations. Assesses future trends based on established data and investigations on market activity. Qualifications: Usual course background /...Login to view salary3 yrs exp22 Jan11:43 amGeneral/Cost Accounting>Management/Cost Accounting/Business Analyst|Industry:MiningFinancial Business Analyst | Forecasting and Budgeting

Sitel Philippines Corporation-National Capital Reg - Ortigas PasigBRIEF JOB DESCRIPTION (SUMMARY OF MAIN DUTIES AND RESPONSIBILITIES): Provides the operations organization with moderate to complex financial analyses of monthly results;...Login to view salary2 yrs exp22 Jan11:33 amGeneral/Cost Accounting>Financial Accounting & Reporting|Industry:Call Center / BPOSourcing Specialist - Makati

JOE RILEY & ASSOCIATES INC-National Capital Reg - MakatiCandidate must possess at least a Bachelor's/College Degree , Economics, Human Resource Management,BusinessStudies/Administration/Management, Commerce or equivalent. Must...Login to view salary1 yr exp22 Jan11:09 amHuman Resources|Industry:HR Mgmt / ConsultingSales Director

Antel Holdings (General Trias), Inc.-National Capital RegRESPONSIBILITIES:Strategy management: marketing strategies, sales innovation, operations, and events management; analyzing trends and results. Implements national sales programs by...Login to view salary5 yrs exp22 Jan10:54 am===

Socio-economic OfficerCentral Luzon, and reports preparation Assume program clerical functions Conducts orientations, C.I., and Seminars to membersGraduateof any 2-year or 4-year...www.jobstreet.com.ph- January 22-Save-Send to a friendManagement InstructorHoly Angel University-Angeles City, PampangaHoly Angel University Management InstructorGraduateof BS/BSBA Management orEconomicsWith Master's Degree or with units earned...www.bestjobs.ph- January 23-Save-Send to a friendBRANCH MANAGER for TARLACTarlac City, Tarlacand brand managementGraduateof Business,Economicsor related course Preferably with direct selling experience Preferably with exposure in...www.jobstreet.com.ph- January 10-Save-Send to a friendSALES DEVELOPMENT SUPERVISOR for CABANATUAN (NUEVA ECIJA)Cabanatuan City, Nueva Ecijaindustry At least 1 year experience in sales training, recruitmentGraduateof Business,Economicsor related course Excellent communication...www.jobstreet.com.ph- January 10-Save-Send to a friendBranch Operations Specialist (Credit and Collection) for MalolosMalolos City, Bulacansubmission of reports and act as a custodian of the branch. RequirementsGraduateof Business,Economics, Accounting or related course (4 year...www.jobstreet.com.ph- January 8-Save-Send to a friendCorporate Planning StaffHausland Development Corporation-Angeles City, PampangaHausland Development Corporation Corporate Planning Staff *Female *Not more than 35 years old *Graduateof Business Management... andEconomics. *Willing to work in Angeles city. *Flexible and adaptable. *With experience in the field of Business and Corporate setting...www.bestjobs.ph- November 15-Save-Send to a friendBusiness Development Staff/OfficerHausland Development Corporation-Angeles City, PampangaHausland Development Corporation Business Development Staff/Officer *GraduateofEconomics/Business Econ *Male/Female *Not more than...www.bestjobs.ph- November 1-Save-Send to a friendMarketing Assistant-Jaen, Nueva Ecija ? TarlacJan, Nueva Ecija - Tarlac City, Tarlacand Loans Division (Jaen, Nueva Ecija) Male; 25 to 35 years oldGraduateof Bachelor of Science in Business Administration Major in Marketing.../Economics/ Entrepreneurial Management /Business Management or any related course At least with a minimum of6 months experience in Sales...www.philippineslisted.com- September 12-Save-Send to a friendBusiness Development Officer ? Malolos CityMalolos City, BulacanUri ng Posisyon: Part-time Candidate must possess at least a Bachelor's/College Degree, PostGraduateDiploma / Master's Degree, Business... Studies/Administration/Management, Commerce,Economics, Marketing or equivalent. Strong consultative selling and negotiation skills...www.philippineslisted.com- September 12-Save-Send to a friend

Hausland Development Corporation

Corporate Planning Staff

*Female/Male*Not more than 35 years old*Graduate of Business Management/Operations Management/Industrial Engineering and Economics.*Willing to work in Angeles city.*Flexible and adaptable.*With experience in the field of Business and Corporate setting is an advantage.*Fresh grads are welcome to apply

Date:5 January 2015

City/Town:Angeles City

Location:Pampanga

Wage/Salary:Negotiable

Start:As soon as possible

Duration:---

Type:Full Time, Casual

How to apply:Interested applicants may send their resume via email and fax. Walk in applicants are welcome.

Company:Hausland Development Corporation

Contact:Ms. Lheng Patio

Phone:

Fax:

Email:

Holy Angel University

Management Instructor

Graduate of BS/BSBA Management or EconomicsWith Master's Degree or with units earned

Date:21 January 2015

City/Town:Angeles City

Location:Pampanga

Wage/Salary:tbd

Start:February 2015

Duration:Indefinite

Type:Full Time, Part Time

How to apply:Interested applicants may send their resumes to: [email protected] and cc: to [email protected] for immediate processing.

Company:Holy Angel University

Contact:Hr

Phone:

Fax:

Email:

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Senior Transport SpecialistADB-HR-15-0013Central and West Asia DepartmentPRM14 Jan 201528 Jan 2015

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EconomistADB-HR-15-0041Economic Research and Regional Cooperation DepartmentADB HQ14 Jan 201528 Jan 2015

Assistant ControllerADB-HR-15-0035Controller's DepartmentADB HQ14 Jan 201528 Jan 2015

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Country EconomistADB-HR-15-0016Pacific DepartmentPNRM14 Jan 201528 Jan 2015

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Natural Resources EconomistADB-HR-15-0030East Asia DepartmentADB HQ14 Jan 201528 Jan 2015

Senior Compensation and Benefits Specialist (Re-advertisement)ADB-HR-15-0003Budget, Personnel, and Management Systems DepartmentADB HQ07 Jan 201504 Feb 2015

Principal Planning and Policy EconomistADB-HR-15-0062Strategy and Policy DepartmentADB HQ21 Jan 201504 Feb 2015

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Environment (and Natural Resources) SpecialistADB-HR-14-0840Budget, Personnel, and Management Systems DepartmentADB HQ15 Oct 201431 Mar 2015

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Economics OfficerADB-HR-15-0011East Asia DepartmentADB HQ14 Jan 201528 Jan 2015

Associate Financial Control OfficerADB-HR-15-0042Controller's DepartmentADB HQ14 Jan 201528 Jan 2015

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Financial Control Assistant (Anticipated Vacancies)ADB-HR-15-0084Budget, Personnel, and Management Systems DepartmentADB HQ28 Jan 201528 Apr 2015

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Economics OfficerADB-HR-15-0012Central and West Asia DepartmentTJRM14 Jan 201528 Jan 2015

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Global Economics Careers: Job Options and RequirementsGlobal economics degree programs generally include coursework in international trade, microeconomics, statistics and econometrics. Continue reading for an overview of the degree programs as well as employment and salary info related to some career options for graduates.

Essential InformationGlobal economists are experts at analyzing and predicting trends in the international market. They study exchange rates and weigh the risk management factors in shifting international politics. International economists may find work in government agencies, multinational corporations, research companies or consulting firms, and job titles might include private consultant, research analyst or economics professor. A Doctor of Philosophy (Ph.D.) is typically required to hold the most advanced positions in the field of economics.Career TitleEconomistPostsecondary TeacherFinancial Analyst

Education RequirementsMaster's degree or Ph.D. degree in economicsPh.D. in economics, though a master's degree may be sufficient for some community collegesBachelor's or master's degree in finance or an MBA

Projected Job Growth (2012-2022)*14%19%16%

Median Annual Salary (May 2013)*$93,070$60,670$78,380

Source: *United States Bureau of Labor StatisticsCareer OptionsMultinational corporations hire economists to forecast global economic and political trends that may impact corporate development or to devise economic cases to promote particular corporate or public policies. Read on for details about some careers available to individuals who have studied global economics.EconomistsEconomists assess the effects of foreign trade, tariffs and new legislation upon corporations. They may be hired to work as financial analysts and public policy researchers. Government agencies like the International Monetary Fund, World Bank and the Bureau of Economic Analysis employ economists to analyze domestic and global economic data.According to the U.S. Bureau of Labor Statistics (BLS), economists in the 25th-75th percentile earned median salaries of between $67,380 and $126,230 per year, as of 2013. The BLS also reports that job opportunities in this field should increase by 14% from 2012-2022, which is about as fast as average.Postsecondary TeachersPostsecondary economics teachers work in colleges and university environments. In addition to assisting students who are pursuing degrees in economics, these professionals may conduct research and publish books. Employment of postsecondary teachers was expected to increase by 19% between 2012 and 2022, according to the BLS. Median annual salaries were approximately $60,670 in May of 2013.Financial AnalystsFinancial analysts are experts in analyzing economic trends. These professionals provide advice on various investments, including stocks and bonds. The BLS indicated that jobs for financial analysts were expected to expand at a rate of 16% from 2012 through 2022. In May 2013, median annual salaries for financial analysts were $78,380.Education Requirements for Global Economics JobsA bachelor's degree may provide entry into assistant-level jobs, but most careers in the field of global economics require a master's degree or doctorate. At the graduate level, international economics may be offered as a major or as a concentration, particularly within aMaster of BusinessAdministration (MBA) program. Some international economics programs have rigorous admissions standards that require graduate students to demonstrate math and foreign language proficiency in addition to passing written and oral exams. Graduate students take courses in: Macroeconomics Microeconomics International trade Economic growth Statistics Econometrics Global strategy Multinational corporations

Business Economics Career Brief

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Overview Degree Requirements Other Preparation Additional Opportunities Career Opportunities Employment Outlook Salaries Recruitment Opportunities For More InformationOverviewEconomists study how scarce resources can be efficiently allocated to produce the maximum number of goods and services. Economists conduct research, collect and analyze data, monitor economic trends, and develop forecasts. They apply economic theory to endeavors such as banking, finance, manufacturing, education, law, international trade, labor, insurance, agriculture, health, criminal justice, energy, natural resources, and telecommunications.The field of economics provides a framework for analyzing and solving problems that arise from scarcity. Public issuesinflation, unemployment, budget deficits, and environmental pollution, for exampleas well as individual and business decision-making, are examples of the economist's work.View the Department of Economics website for more information.Return to TopDegree RequirementsIncludes: foundation courses required for Professional Admission*, general education requirements, professional core courses, free electives, and a set of Business Economics Courses.Sample Economics Courses/Topics: International Financial Management Industrial Organization Economics of Regulated Industries Econometrics Experimental Economics Labor Economics Monetary Economics Public Sector Economics International Trade Theory Information Economics and the Internet Law and Economics*Students must achieve Professional Admission (a competitive and selective application process) to move from the pre-professional phase to the professional phase.

**Check the Degree/Academic Progress Report (APRR's) for your specific academic program requirements per your catalog athttp://catalog.arizona.edu.Return to TopOther PreparationThe college has a wide variety of professional fraternities, honoraries and student clubs. Student organizations offer: career information; networking opportunities with alumni, corporate representatives, faculty, and fellow students; social and professional activities; and provide leadership roles and skills building opportunities.Student organizations for economics majors include the Economics Undergraduate Society.Visit the FESO -Federation of Eller Student Organizationswebsite for more information.Return to TopAdditional Opportunities Research projects in selected upper-division economics courses Research assistantships on grants and other projects The department's preceptorship program Honors courses - The Economics Department offers more honors sections than any other UA department.Return to TopCareer OpportunitiesGiven the analytical nature and diversity of the discipline, economics provides a solid background for many jobs and professions. The study of economics also offers excellent preparation for advanced education in business, law, economics, finance, public policy, international relations, and medicine.Economists work in government, business, and education. Government economists monitor and assess economic conditions and provide economic analysis to guide governmental programs and policies. Business economists provide the analysis required to make optimal decisions in all major aspects of business activity. Academic economists, in addition to teaching conduct research and may act as consultants to business and government agencies.A bachelor's degree in economics is sufficient for many entry-level research, administrative, consulting and management trainee jobs. However, to work as an "economist" one generally has to have an advanced degree. Candidates for a graduate degree in economics should have a strong mathematics background with courses in differential, integral, and vector calculus, linear algebra, differential equations, statistics and econometrics. Graduate training is required for some positions and for more rapid advancement.Since Finance is a sub field of Economics, examples of careers and job descriptions include:Financial PlannerFinancial planners advise clients on financial matters ranging from personal budgeting to investment strategies. They often give recommendations on tax planning, estate design, wills, stock portfolios, life insurance and real estate holdings. Financial planners earn income by charging a fee to clients and earning a commission from products. A common career path involves working for financial institutions (banks, insurance, securities brokerages) at the entry level, and receiving training in both sales and financial products.

A high percentage of financial planners are independent practitioners or partners in a small firm. The designation of CFP, Certified Financial Planner enhances the professional recognition and lends credibility to the planner. Additionally certain licenses (for example, series 7) must be acquired when trading in securities or commodities.

The job requires initiative, ability to market clients, strong interpersonal skills, analytical ability, effective communications and persistence.AnalystA security analyst is a researcher involved with portfolio management and the analysis of bonds, stocks and other forms of investment. The largest employers of security analysts are the large brokerage houses, often located in New York. A security analyst is often assigned one type of industry to research and prepare reports. The entry level analyst is generally an assistant who prepares financial reports for internal use or for clients' needs, and not for the general public's knowledge. Most security and investment analysts prefer to remain in their profession doing analytical work, but some do leave to move into bank lending and security sales positions or to manage departments of analysts.

Other titles for security analysts are portfolio manager, director of research, trust administrator, account manager and broker. Typical promotions are from junior analyst to senior to consultant. Sources of employment include investment counseling firms, mutual funds organizations, insurance companies, banks, brokerage houses and research firms.Security Sales and TradingA security salesperson is one who buys or sells stocks, bonds, or shares of mutual funds for an investor. They are often called customer brokers, registered representative or account executives. Before they can qualify as a registered representative, they must pass the Security and Exchange Commission's general security examination. Courses in finance and investment subjects are usually helpful in securing employment. Once a salesperson has completed training and licensing requirements, earnings are usually in the form of commissions from sales of securities.

Successful security sales people enjoy their work and earn substantial commissions. They can move into management positions, such as branch manager, but most prefer to remain in sales. The reason for the lack of interest in advancing into management positions relates to the higher earnings potential in sales and the sheer excitement of the business. Most work with high net worth individuals.

Brokerage houses regularly close or merge. Experienced security salespeople find themselves changing employers occasionally but there is little negative impact on their earnings.InsuranceThe insurance business is a major part of the financial planning program so the industry needs a variety of experts in this area. Three types of employment in the industry are underwriters, claims, and sales.

Underwriters appraise and select risks their company will insure. They analyze information in insurance applications, reports from loss control consultants, medical reports, and actuarial studies which describe the probability of insured loss. Underwriters assume great responsibility because their company may lose business to competition if they appraise risk too conservatively, and their company will have to pay too many future claims if their decisions are too liberal. Underwriters outline the terms of the contracts, including premium amounts. Most underwriters specialize in one of the four major categories of insurance: Life, Property Damage, Personal Liability, Health.

Claims representatives investigate claims, negotiate settlements with policyholders, and authorize payments.

Insurance agents sell policies that protect individuals and businesses against future losses and financial pressures. They may be either an employee of an insurance company or an independent agent who represents several companies. Beginning agents are usually paid a salary. After that time they are paid strictly on commissions.Return to TopEmployment OutlookAccording to the Bureau of Labor Statistics, the demand for economists should grow by 7.5% from 2006 - 2016. Prospects improve for bachelor's degree recipients in economics who go on to earn advanced degrees - law or MBA, or Ph.D. in economics, for example. If you are planning to pursue an advanced degree in economics, it is recommended that you take as much advanced math as possible.