What Can You Do with an Economics Degree?
For those that enjoy the challenges of working with data and numbers, a degree in Economics opens the door to a number of fast-paced business careers. From sales and marketing to financial planning and management, the skills learned in an Economics degree program are sought after in a variety of professional industries!
To help you understand the different career paths available after you graduate with an Economics degree, we have put together the following list of occupations. Here you can see the different fields related to economics, as well as each career’s reported median annual salary:
|Job Title||Job Summary||Median Annual Wage|
|Sales Director||Responsible for directing sales team and executing projected revenue quotas for their company.||$95,832|
|Portfolio Manager||Financial professional who is responsible for helping individuals and businesses with investing money.||$85,717|
|Finance Manager||Develops and monitors departmental budgets to help a company make accurate financial forecasts.||$84,800|
|Director of Sales and Marketing||Oversees a sales and marketing department to help improve the performance and effectiveness of the business.||$81,790|
|Senior Business Analyst||Collects data and partners with various business teams to identify trends, opportunities, and dangers.||$81,572|
|National Sales Manager||Leadership position that is responsible for overseeing all regional and district managers as well as performing direct sales tasks.||$80,731|
|Regional Sales Manager||Works in a variety of settings to oversee other sales managers within their district.||$77,586|
|Research Scientist||Gathers knowledge and research to contribute to their specialized area of study.||$76,600|
|Senior Financial Analyst||Manages teams of analysts to help a business determine the risks and rewards of various endeavors.||$75,194|
|Economist||Compiles data and creates reports to advise businesses or government organizations on different aspects of economics.||$74,447|
|Commercial Lender||Works at a banking institution to generate sales and growth by granting loans to commercial entities.||$74,159|
|Business Development Manager||Responsible for managing expectations and developing business solutions for their organization.||$72,358|
|District Sales Manager||Responsible for monitoring and contributing to marketing campaigns and handling region-wide sales in their business.||$71,985|
|Private Banker||Manages the financial accounts of high-income clients and helps to protect and increase their wealth.||$67,967|
|Loan Officer, Commercial||Works with businesses and individuals by maintaining and administering loan accounts for commercial purposes.||$67,289|
|Financial Consultant||Works with a financial services company to advise clients on the best way to manage their money.||$66,529|
|Trust Officer||Works with banks and investment groups to help provide expertise in trust and estate issues.||$64,422|
|General/Operations Manager||Maintains a business by working with management to ensure effective execution of business plans and service delivery.||$60,651|
|Personal Financial Advisor||Assists individual clients with reaching their financial goals, retirement planning, and other investing decisions.||$60,586|
|Operations Manager||Oversees the production of goods and/or services for their organization.||$60,572|
|Financial Planner||Works for a bank or investment company to advise clients on how to make smart investments and financial decisions.||$60,252|
|Investment Analyst||Works within a financial group to review and determine approval for investment products.||$59,870|
|Business Analyst||Analyzes data and acts as a facilitator to make their business’s internal departments more efficient.||$58,923|
|Business Manager||Provides leadership for financial operations and helps manage the business and financial affairs of a company.||$57,683|
|Financial Analyst||Examines market trends and microeconomic factors to help a business make smart investments.||$56,928|
|Data Analyst||Utilizes information gathered through surveys to determine technical issues and design reports.||$55,035|
|Sales and Marketing Manager||Develops key business relationships, coordinates public relations efforts, and leads the business in driving core sales.||$54,956|
|Branch Manager, Banking||Leads a team of bank employees by ensuring that they build strong customer relationships that meet financial goals.||$53,095|
|Operations Analyst||Responsible for the development and implementation of business practices that ensure optimal performance.||$51,911|
|Research Analyst||Carefully examines data and produces meaningful information that can be used by businesses within the realm of economics.||$51,347|
|Marketing Research Analyst||Responsible for conducting market research and interpreting the data to assist in the development of marketing plans.||$49,035|
|Account Executive||Sales position that is responsible for selling services and products to other businesses and individuals.||$48,984|
|Sales Consultant||Responsible for consulting with clients and recommending merchandise from their organization.||$48,439|
|Real Estate Agent||Works with individual clients to facilitate the sale and purchase of properties and homes.||$44,488|
|Office Manager||Oversees the daily operations of an office setting by coordinating staff and maintaining financial records.||$43,485|
|Administrative Coordinator||Provides support to the staff of their organization and helps to manage the company’s budget.||$41,427|
|Legal Assistant||Works with the legal team to perform research, facilitate interviews and provide assistance for court proceedings.||$41,192|
|Assistant Property Manager||Oversees the daily activities of rental properties and assists the manager with administrative tasks.||$40,850|
|Inside Sales Representative||Responsible for selling a business’s products and services to established customers and securing new clients.||$40,522|
|Insurance Sales Agent||Helps individuals with choosing an insurance policy that best suits their unique needs.||$35,608|
*Data sourced through Payscale.com
What can you do with an Economics Degree?
As you can see, the career fields related to economics is expansive and diverse! Whether you enjoy working on the financial end of the industry or would like to work within direct sales and marketing, there are a number of professional economics careers that will help you achieve your long-term goals.
Those who graduate from an Economics degree program often begin working in entry-level business or sales positions. While these careers typically offer annual wages on par with the national average, you may be able to work your way up the corporate ladder to high-level management positions and top salaries.
What is an Economics Degree?
Economics degrees are offered at several different degree levels, but most students begin their education with a bachelor’s degree program. From there, students can go on to earn a graduate degree that offers specialized skills within their economic interest.
Overall, the main focus of your Economics classes will be to help you learn how to view business and society from an analytical and mathematical point of view. Throughout the course of your education, you will likely take a number of courses that cover the following topics:
- Market trend forecasting
- Management and leadership skills
- The analyzation and interpretation of data
- Financial econometrics
- Law and economics
With the variety of skills taught throughout an Economics degree program, you will be able to find employment in a number of industries including business management, operations research, and financial analysis.
If you need a greater level of flexibility than the traditional college education provides, look into the innovative options available through online economics degree programs! Many accredited universities are now offering Economics degrees through virtual platforms that can help adult students juggle the demands of career and family obligations.
Economics Career Outlook
Our nation’s society and economic environment are constantly evolving, and skilled economic professionals are in high demand throughout a variety of industries. Whether you specialize in finances or sales, your economic skills can be an excellent tool for securing professional employment in the future. To find out more about the career outlook for occupations related to economics, we suggest that you check out the information available through resources such as the United States Bureau of Labor Statistics (BLS)!
The BLS reports that those working as an economist can expect to see 6% occupational growth by the year 2024 – which is on par with the national average across all occupations. For those interested in working as market research analysts or financial advisors, it is projected that these careers will see 19% and 12% growth respectively during this same timeframe!
When you are seeking an expansive education that covers essential skills needed in the modern business world, an Economics degree may be the perfect place to start! Whether you want to translate your skills into research, management, sales, or finances, the knowledge gained through this degree program can open the door to a number of exciting professional careers!