Do you ever stop to think, “Gee. Life as an economics major would be so much easier if I had an extensive list of possible career paths.” If you haven’t thought that, consider doing so now. Imagine how clear your future could potentially become if you’re on the fence about being an economics major, all because you chose to keep reading this blog.
Without further ado, I present an article that is exactly as it sounds; a list of 32 jobs for economics majors at the entry-level and beyond. Too good to be true? Nope. Read on for just a few potential career paths in the industry of economics:
- Actuary: An actuary uses numerical analysis to calculate and manage risk. Your job is to analyze the likelihood of future events and identify ways to minimize the risk of negative outcomes. A bachelor’s degree will get you in the door; you will likely be partnered with more experienced actuaries who can guide your development. You will have to apply for membership in a professional actuarial society and pass a series of exams to be certified. You can start that process in your senior year of college; in fact, many employers expect students to have passed at least one of the qualifying exams before they graduate.
- Operations research analyst: Operations research analysts examine data to help organizations solve problems like how to use resources, manage the supply chain, and set prices. They use sophisticated statistical modeling software to assess the likely consequences of process or organizational changes. Their work influences company policy decisions. A bachelor’s degree is enough for entry-level positions, but you will need an advanced degree to move up in this field.
- Environmental economist: Do you have a passion for protecting the natural world? You might want to become an environmental economist. These professionals collect and analyze data to study the environmental implications of government policies on issues like alternative fuel use, soil conservation, and climate change. Their work helps decision makers plan activities related to environmental protection. Many of these positions require advanced training, but some entry-level jobs in government agencies are available for candidates with a bachelor’s degree.
- Business journalist: If you have solid oral and written communication skills and enjoy explaining complex concepts in plain language, you may find success as a business journalist. Your job is to make the worlds of economics and commerce understandable to the average person. Having an economics degree means you can position yourself as a subject matter expert; as long as you can demonstrate your writing ability, many news organizations will value your input—even if you don’t necessarily have much journalism training.
- Foreign Service economic officer: Economic officers in the Foreign Service promote U.S. business interests abroad. They study and write reports on issues like market access and trade policies; experienced officers sometimes get involved in negotiations for economic treaties and agreements. Becoming a diplomat requires passing the Foreign Service Officer Test, writing a series of essays, completing a full-day oral assessment, meeting fitness and security standards, and passing a final suitability review process. It’s an intensely competitive process; many candidates have advanced degrees and extensive work experience before applying.
Want to see the full list of 32 awesome job possibilities (and their average income salary) for economics majors? Click here for the full article!