What Can I Do With a Major in Economics?

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Some people think that the only employment opportunities for economics majors are with government agencies, where they will spend their days analyzing things like inflation, unemployment rates, interest rates, and tax rates. And though it’s true that some economics majors do go on to do these things, most choose not to. The truth is, the mathematical and analytical skills that economics majors develop in school are extremely valuable in just about every workplace, making economics one of the most versatile majors out there.

Most economics majors find employment in the business and finance industries, because their familiarity with economic laws and principles is directly applicable to their jobs. Graduates from economics programs are able to forecast financial trends and consumer spending habits, which helps organizations make smart financial, marketing, and product-related decisions.

If you’re interested in economics but you’re turned off by the idea of working in business or finance, we have good news for you as well. The analytical and mathematical skills that economics majors develop in school are applicable to many types of jobs in other areas. Some graduates spend their careers studying things like crime rates, mortality, marriage, divorce, and other types of demographic and behavioral data. This information can be used for many different purposes, including marketing efforts and urban planning.

Ultimately, economics majors have a greater number of career options than graduates from most other programs, and there are positions in virtually every industry that are well-suited to the education that a degree in economics provides.

Remember, employers hire people, not degrees, and your career will only be limited by your own ambition, imagination, and interests.

Careers for Economics Majors

Below is a list of a few career options for economics majors. This isn’t a comprehensive list, as students who major in economics go on to do many interesting things. However, it should should give you an idea of the types of work that would be available to you with a degree in this field.

Occupation Median Salary Median Hourly Current jobs Outlook Required Education
Accountant $61,690 $29.66 1,290,640 Good Bachelor’s degree
Actuary $87,650 $42.14 19,730 Good Bachelor’s degree
Auditor $61,690 $29.66 1,290,640 Good Bachelor’s degree
Budget Analyst $68,200 $32.76 67,210 Normal Bachelor’s degree
College Professor $62,050 $29.83 1,756,000 Good Graduate degree
Cost Estimator $57,860 $27.82 217,760 Good Bachelor’s degree
Economist $89,450 $43.00 14,600 Normal Master’s Degree
Elementary School Teacher $51,660 $24.84 1,549,520 Good Bachelor’s Degree
Financial Analyst $74,350 $35.75 250,630 Good Bachelor’s Degree
Financial Examiner $74,940 $36.03 27,020 Good Bachelor’s Degree
Financial Manager $103,910 $49.96 539,250 Good Bachelor’s Degree
Health Services Manager $84,270 $40.51 283,470 Good Bachelor’s degree
High School Teacher $53,230 $25.59 1,109,500 Good Bachelor’s Degree
Insurance Sales Agent $46,770 $22.49 434,770 Good Bachelor’s degree
Insurance Underwriter $60,670 $29.17 102,950 Normal Bachelor’s degree
Kindergarten Teacher $48,800 $23.46 179,520 Normal Bachelor’s Degree
Loan Officer $60,660 $29.16 327,840 Normal Master’s Degree
Logistician $70,800 $34.04 100,380 Good Bachelor’s degree
Management Analyst $78,160 $37.58 746,860 Good Bachelor’s degree
Market Research Analyst $60,660 $29.16 249,810 Good Bachelor’s degree
Middle School Teacher $51,960 $24.98 659,460 Good Bachelor’s Degree
Personal Financial Advisor $64,750 $31.13 208,420 Good Bachelor’s Degree
Purchasing Manager $64,750 $31.13 70,350 Normal Bachelor’s Degree
Statistician $73,720 $35.44 22,560 Normal Master’s Degree
Survey Researcher $73,720 $35.44 19,600 Good Graduate Degree
Urban Planner $67,090 $32.25 38,400 Normal Master’s degree