An undergraduate degree in economics leads to a great diversity of professional opportunities for those who wish to pursue graduate education as well as for those who want to enter the work force immediately after college.
1. The curriculum in most research-oriented law schools uses economic analysis extensively, making economics a superb choice for pre-law students. Some of our graduates have been admitted to the top law schools in the country. The economics majors' average score in Law School Admission Test is in the top three comparing to all majors. A recent study shows that Economics is the most beneficial undergraduate major for those aspiring to attend law school.
2. Economics provides the theoretical background for many business courses and an ideal preparation for those who seek an MBA.
3. Most public policy issues have a strong economic dimension; therefore, economics is a natural undergraduate major for those interested in graduate education in public policy, public administration, or public health.
4. Economics majors may pursue graduate education toward a Ph.D. in economics or finance. Our recent graduates have entered graduate programs at Harvard, Chicago, Berkeley, Virginia, and Georgetown among others.
5. Many private sector job opportunities are available for economics majors in the banking industry, brokerage houses, investment banks, insurance companies, and law firms. Economics majors can work as financial analysts, risk management analysts, forecasters, or analyst staff members in litigation or merger and acquisition departments. Our recent graduates have secured jobs at J.P. Morgan Chase, Morgan Stanley, Ernst & Young, Prudential, Bank of America, Signet Bank, UBS, Credit Suisse, ING, Wachovia, Robinson-Humphrey, The Brattle Group, and Smith Barney, among other places.
6. Economics majors can work for one of the Federal Reserve Banks as staff members in the research department or as analysts in the compliance and enforcement divisions of the Bank.
7. Other opportunities for economics majors include policy analyst and research associate positions in various government agencies at the federal, state, or local level, as well as in the think tanks throughout the United States.
Economics Majors Salaries
Economics Majors Job Market Surveys
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This website provides useful information about economists and the job market. The tabs titled "What They Do" and "How to Become One" are especially informative.