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Minnesota State University, Mankato
Minnesota State University, Mankato

Why Major in Economics?

Page address: http://sbs.mnsu.edu/economics/whyeconomics.html

The choice of a degree is an important decision. Economics is an excellent choice. Economics applies the concepts and methodologies of the natural sciences and mathematics to problems in business, the social sciences and the humanities. A degree in economics has a series of advantages.

Flexible

With the major changes that have taken place in the world of work, the rapid changes in technology and globalization, it is not uncommon for individuals to make several career changes during their lives. Today's hot specialized degree has often become tomorrow's target for downsizing. Companies that were relatively unchallenged in the domestic market have suffered as a result of global competition. As a result, experts in career development recommend that one seriously consider a flexible degree such as economics.

Rewarding

Majors in economics receive average starting salaries that are in the upper range of salary offers made to majors with other business degrees and significantly above most majors in other areas of the liberal arts.

Challenging

Economics is a discipline in which you learn a unique way of thinking. This unique way of thinking is a primary reason that economics is also a flexible degree. Economic concepts have been applied to a number of different areas that would, at first, seem totally unrelated to economics. However, the concepts of economics are critical to finding solutions to problems in a wide variety of areas.

Rich In Skills

  • Analytical/Critical Thinking Skills
  • Quantitative Skills (Mathematical and Statistical Techniques)
  • Comminication Skills (Written and Oral)
  • Computer Skills

Need More Convincing?

Check out the American Economic Assosciation (AEA) website, and see what they say!

Where Can I Find a Good Job?

Occupations for which this major is well suited

  • Economist
  • Business Manager
  • Property Manager
  • Labor Relations Specialist
  • Market Research Analyst
  • Securities Broker
  • Urban/Regional Planner
  • Public Administrator
  • Government Economist
  • Industrial Traffic Manager
  • Technical Writer
  • International Trade Specialist
  • Statistician
  • Journalist
  • Actuary
  • Researcher
  • Agricultural Economist
  • Tax Economist
  • Tax Examiner/Collector/Revenue Agent
  • Political Scientist
  • Stockbroker
  • Commodities Trader
  • Financial Analyst
  • Financial Investment Analyst
  • Population Studies Analyst
  • Chamber of Commerce Analyst
  • Transportation Planner
  • Commodity Analyst
  • Data Analyst
  • Cost Analyst
  • Credit Analyst
  • Rate Analyst
  • Bank Research Analyst
  • Compensation/Benefits Coordinator
  • Financial Researcher
  • Investment Banking Analyst

Additional Occupations to consider with certain skills, interests or further education

  • Business Credit/
  • Loan Administrator
  • Consumer Credit Manager
  • Inventory Control Specialist
  • Farm Manager
  • Purchasing Agent/Buyer
  • Lawyer
  • Accountant, Public Practice
  • Market Interviewer
  • Systems Analyst
  • Hospital Administrator
  • Consumer Credit Manager
  • Underwriter
  • Foreign Service Officer
  • Cooperative Extension Agent
  • Job Analyst
  • Personnel Manager
  • Marketing/Sales

Related Occupations

  • Consultant
  • Real Estate Investor
  • Entrepreneur/Businessperson
  • Foreign Correspondent
  • Soil Conservation Specialist
  • Financial Planner Investment Analyst
  • Time Management Specialist
  • Survey Designer
  • Market Research Statistician
  • Media Buyer
  • Bank Examiner
  • Energy Researcher
  • Environmental Researcher
  • Lobbying Researcher
  • Real Estate Development Researcher
  • Political Campaign Organizer
  • Historical Researcher
  • Institutional Researcher
  • FBI/CIA Agent
  • General Accountant
  • Insurance Agent/Broker
  • Financial Aid Director
  • Retail Store Manager
  • Legal Assistant
  • Real Estate Agent
  • Public Relations Specialist
  • Claim Adjuster/Examiner
  • Computer Programmer
  • Systems Analyst
  • Construction Estimator
  • Investment Counselor
  • Health Policy Planner
  • Collection Agent
  • Affirmative Action Representative

*Adopted from www.wiu.edu