Best Jobs for Economics Majors
Explore the best economics major jobs and how you can search for jobs with an economics degree.
By Adam Jazairi
Given the recent global credit crunch, jobs for economics majors are abundant. Choosing to study economics is one of the safest career moves you can make. If you’re good with numbers, plenty of employers will actively seek your skills.
Here are some of the best jobs for economics major.
There are numerous jobs for economics majors out there, which can make navigating the job market even more complicated. To help keep things simple, here are some of the best economics major jobs.
- What They Do: Often working with businesses, financial analysts provide insight into the hazy realm of investment. They are experts of the stock market and are always on top of current economic trends.
- Salary: On average, financial analysts make about $74,000 per year.
- Demand: Especially nowadays, companies need financial analysts to make sure they’re using their money wisely. This is a recession-proof career.
- Prerequisites: For entry-level jobs, a bachelor’s degree is almost always required.
- What They Do: Similar to financial analysts, actuaries help businesses minimize financial risk. This involves using statistical analysis to determine the cost of various risks, and ultimately to decide whether that risk is worth taking.
- Salary: The median annual salary for actuaries is about $88,000.
- Demand: Not surprisingly, actuaries enjoy excellent job prospects. Their unique skill set is essential to any business.
- Prerequisites: In addition to a bachelor’s degree, all actuaries must first take a series of exams in order to become certified. More job prospects come with more education.
- What They Do: Through a variety of means, statisticians collect and interpret data. If you prefer the more analytical side of economics, this could be a good profession to pursue.
- Salary: Salary depends on a number of factors, including your level of education, but in 2010, the average income was about $72,000.
- Demand: Like most jobs for economics majors, prospects for statisticians are excellent and show no signs of decreasing.
- Prerequisites: An economics degree is a good start, but many positions require a master’s degree in statistics.
- What They Do: Meticulousness is of the utmost importance in this detail-oriented career. Accountants are responsible for preparing taxes, examining financial records and other important tasks that require complete accuracy and efficiency.
- Salary: Accountants and auditors earn an average of about $62,000 each year.
- Demand: Skilled accountants are always in high demand. In 2010, the Bureau of Labor reported more than 1.2 million working throughout the United States.
- Prerequisites: The minimum prerequisite is a bachelor’s degree, but you’ll also want to get a professional certification like a CPA.
- What They Do: While financial analysts mainly assist businesses, personal financial advisors help individuals make sound investments.
- Salary: Because many are self-employed, salaries for personal financial advisors vary quite a bit. The median income in 2010 was about $65,000.
- Demand: People will always need financial advice, which puts personal financial advisors in perpetual high demand.
- Prerequisites: While you only need a bachelor’s degree to begin, graduate school is a good idea if you want an increased salary.
Source: Bureau of Labor Statistics
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