Economics Business Factsheet 2012 3-8-2013_may

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 March 2013 Economics and Business What a First-Year Student Needs to Know About This Field Number of Credit Hours to graduate: 128 for B.S. program Majors: B.S. Economics and Business; M.S./PhD Engineering Technology Management and Mineral and Energy Economics  Department Head: Dr. Rod Eggert,  [email protected], 303/273-3981 Website: econbus.mines.edu/ Student Organizations: None Registration Info: Undergraduate: Dr. Scott Houser, [email protected] Graduate: Kathleen Feighny, [email protected] This section includes Economics, Business, Engineering and Technology Management and Mineral and Energy Economics majors. On the Web: ONET Find out if this career could match your own interests and personality by using the two following surveys. Myers-Briggs Inventory-HumanMetrics  Individual Interest Survey-O*Net  Careers related to this field of study: Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services. They may conduct research, collect and analyze data, monitor economic trends, or develop forecasts. Economists research a wide variety of issues including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others. Study economic and statistical data in area of specialization, such as finance, labor, or agriculture. Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers. Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques. Formulate recommendations, policies, or plans to solve economic problems or to interpret markets. Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy. Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses. Supervise research projects and students' study projects. Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources. Teach theories, principles, and methods of economics.

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March 2013

Economics and Business

What a First-Year Student Needs to Know About This Field

Number of Credit Hours to graduate: 128 for B.S. program

Majors: B.S. Economics and Business; M.S./PhD Engineering Technology Management and Mineral and Energy Economics 

Department Head: Dr. Rod Eggert, [email protected], 303/273-3981

Website: econbus.mines.edu/ 

Student Organizations: None 

Registration Info: Undergraduate: Dr. Scott Houser, [email protected] 

Graduate: Kathleen Feighny, [email protected] 

This section includes Economics, Business,Engineering and Technology Management andMineral and Energy Economics majors.

On the Web: ONET 

Find out if this career could match your owninterests and personality by using the twofollowing surveys.Myers-Briggs Inventory-HumanMetrics Individual Interest Survey-O*Net 

Careers related to this field of study:

Economists study how society distributes resources, such as land, labor, raw materials, andmachinery, to produce goods and services. They may conduct research, collect and analyze data,monitor economic trends, or develop forecasts. Economists research a wide variety of issuesincluding energy costs, inflation, interest rates, exchange rates, business cycles, taxes, andemployment levels, among others. Study economic and statistical data in area of specialization,such as finance, labor, or agriculture. Provide advice and consultation on economic relationships tobusinesses, public and private agencies, and other employers. Compile, analyze, and report data

to explain economic phenomena and forecast market trends, applying mathematical models andstatistical techniques. Formulate recommendations, policies, or plans to solve economic problemsor to interpret markets. Develop economic guidelines and standards and prepare points of viewused in forecasting trends and formulating economic policy. Testify at regulatory or legislativehearings concerning the estimated effects of changes in legislation or public policy and presentrecommendations based on cost-benefit analyses. Supervise research projects and students'study projects. Forecast production and consumption of renewable resources and supply,consumption and depletion of non-renewable resources. Teach theories, principles, and methodsof economics.

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March 2013

Employment Picture:

Employment of economists is expected to grow 3 to 9% from 2010 to 2020. Demand for economicanalysis should grow, but the increase in the number of economist jobs will be tempered as firmshire workers for more specialized jobs with specialized titles. Many workers with economicbackgrounds will work in related occupations with more specific job titles, such as financial analyst,market analyst, public policy consultant, researcher or research assistant, and purchasing manager.Overall employment growth also will be slowed because of the relatively high number of economists

employed in slow growing or declining government sectors. Employment in Federal governmentagencies is expected to decrease, and employment in State and local government is expected togrow more slowly than employment in the private sector.

Employment growth should be fastest in private industry, especially in management, scientific, andtechnical consulting services. Rising demand for economic analysis in virtually every industry shouldstem from the growing complexity of the global economy, the effects of competition on businesses,and increased reliance on quantitative methods for analyzing and forecasting business, sales, andother economic trends. Some corporations choose to hire economic consultants to fill these needs,rather than keeping an economist on staff. This practice should result in more economists beingemployed in consulting services.

RECRUITING

COLORADO SCHOOL OF MINES

STARTING SALARY OFFERS 2011-2012

Low High Average

B.S. $35,360 $64,200 $48,813

M.S.

ETM $42,000 $99,000 $67,379

Min/Energy Econ $30,000 $115,000 $72,850

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March 2013

Employers who have recruited at CSM during the last 5 years forEconomics & Business Majors

(“BOLD” indicates on-campus recruiting; “Plain” indicates Job Postings in DiggerNet; companiesalso recruiting for Internships noted with *.)

Company Name Company Name Company Name Company Name

Air Force Reserve CRU Hecla Limited * Missile Defense Agency

Advanced Forming Tech CU Service Network Hensel Phelps Construction * MSI Kenny*

Allied Mineral Products ConocoPhillips HGST, Western Digital Co. Nalco Company *

Anvil corporation Covidien (Formerly Tyco) HighMount E & P * NASA Research Program

Arch Coal Denver Drywall Honeywell Tech Solutions National Instruments* 

Ascend Analytics Denver Teaching Fellows IAMGOLD Corporation  National Ren. En. Lab (NREL)*

Asian Development Bank Denver Water Department IBM Systems and Tech Group Natural Capitalism Solutions*

Aslan Construction DOE - Environmental Mgmt ICAST (Sustainable Technology) Newmont Mining* 

Atkinson Consruction* Dept of Veterans Affairs IHS Nolte Associates *

Atlas Copco DISH Network Imerys *  Northwestern Mutual*

Audubon Engineering Duff & Phelps Ind Cap Asset Partners NREL*

AXA Advisors Edward Jones * Intela Oak Ridge Inst for Sci and Edu

Barnard Jacobs Mellet USA El Paso County Intellection Corp Office of Minerals Mgmt.

BCS El Pomar Foundation Intelligentsia International OCI *

BD Diagnostics EnCana Oil & Gas * International Royalty PA Consulting Group

Bechtel National * Energy & Resource Consulting Intrepid Potash Pacific NW Nat'l Lab

Bentek Energy * Energy Acuity ITT Visual Information PaleoResearch Institute*

BHP Billiton - New Mexico Coal Energy Future Holdings* IQNavigator Particle Measuring Systems

Bishop-Brogden Associates Energy Ventures Analysis J.R. Simplot Company Peace Corps *

Bimbo Bakeries USA Enserca Engineering Jeppesen * Performance Friction

Black Hills Energy EOG Resources, Inc. Junction Solutions Petroleum Field Services*

Blue Sky Energy Epic Kinder Morgan Philadelphia Insurance*

Boston Market Escape Velocity Systems Kinross Gold Physical Metallurgy Lab

Boulder County EVRAZ Rocky Mtn Steel * Larimer County* Precise Cast Prototypes*

BP * ExxonMobil Leppert Associates* Precision Castparts

Cabot Superior MicroPowders* Fast Enterprises* Level 3 Communications* Premier Roofing

Caterpillar* FBI * LGS Innovations* Production Control Services

CDR Associates Federal Highway Admin* Lockheed Martin* Provident Funding

Central Operating Flatiron Construction Low Energy Systems QualVu

CGN & Associates Fluor Luca Technologies Qwest Communication

CH2M Hill* Forest Oil Corporation Luminant Radyne Corporation

Charles G. Koch Charitable Fdn Four Winds Interactive* M.A. Mortenson * Recondo Technologies

City of Aurora FritoLay (PepsiCo)* MapQuest* Reg Transportation District*

City of Pueblo Galt & Company Marathon Oil* Renewable Energy Sys (RES)

Claims Resolution Center GCS Group Markit On Demand Resource Erectors

CloudSync. George K. Baum & Company Merkle* Return Path

Colo Casualty Insurance G-Force Trading MetLife Rio Tinto *

Colo Public Health and Env Golden Software Metso Minerals Industry River North Env Testing, Inc.

Colorado Springs Utilities GWD Engineering & Design M-I SWACO* Rocky Mtn Nature Assoc*

Colorado Watershed Assembly Halliburton Milender White Construction Rocky Mountain Reagents

Congressman Ed Perlmutter  Heartland Energy Dev. MillerCoors* R.W. Beck * 

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March 2013

Company Name Company Name Company Name Company Name

Safe-T-Gard Swift Sport Optics U.S. Bank Vallourec & Mannesman

SAIC* Tech-X Corporation U.S. Department of Energy* Valve and Filter Corporation

Sandvik Mining and Const* Terex - Mat Proc & Mining U.S. DOI – Indian Affairs Vista GeoSciences

SBM Site Services  TGS-NOPEC U.S. DOI Mineral Mgmt Ser*  Wall Street On Demand

Schlumberger Tech The Bonneville Power Admin. U.S. DOL/MSHA Wells Fargo Financial

SDL International The Colo Health Foundation U.S. EPA*  Wstrn Hardrock WatershedSeagate * The Institute for Systems U.S. Geo Survey (USGS)*  Western Interstate Energy

Service Magic, Inc. The Shaw Group U.S. Naval Engineering Prog. Wstrn United Elect Supply

Shell* The White House * U.S. Navy Wood Mackenzie

Sierra Design Build, Ltd. TIMET U.S. Steel Corporation * Woodward

Sierra Nevada Corporation Timken Company * Ultimate Results  WooshCom

Solvay Chemicals * TOTAL * Univ. Atmo Research (UCAR)*  World Minerals*

SourceGas  Trainor Glass Company UNAVCO Xcel Energy *

Southern Ute Growth Fund Trane * United Launch Alliance XEGY/Granite Tech

Spectranetics Corporation Trimble Navigation* URS Corporation Zayo Group 

Superior Well Services* Tudor Pickering & Holt Vail Resorts Management