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General Resources
An economics major does not necessarily provide the training for any specific occupation; rather it supplies the skills—critical thinking, problem solving, technical and policy analysis, quantitative analysis (econometrics), fluency with spreadsheets—that are demanded by organizations in all sectors of the economy. This provides a breadth of opportunity for those willing to invest the resources in a well-designed job search.
The following websites are a good place to begin your search. The last two are specific to public sector and non-profit jobs.
http://www.opm.gov/ (Office of Personnel Management)
http://www.aeaweb.org/students/Careers.php
Keywords & Search Terms
- Analyst / analytics
- Research
- Consultant
- Data analysis / data management
- Technical analysis
- Policy analysis
- Forecasting / estimation.
- Econometrics
Private Sector
- Financial firms / Investment banks / Banks
- Data analyst
- Market research
- Economic and management consulting
- McKinsey, Accenture, Deloitte, Ernst & Young, Bain & Co., Boston Consulting Group
- Marketing / Advertising
- Management
- Human resources
- Insurance
- Health care / Hospitals
- Journalism
Non-Profit Sector (many are DC-based)
Think tanks / Research assistant
- Center for Budget and Policy Priorities, Center for Economic and Policy Research,
- Economic Policy Institute, New America Foundation, Brookings Institute, Urban Institute,
- Fiscal Policy Institute, Rockefeller Institute
Non-Governmental Organizations (NGOs)
- International Monetary Fund, World Bank, United Nations, World Trade Organization,
- Microfinance firms
Environmental agencies
Public Sector
State Government
- Ways and means, budget, economic development, trade promotion, Department of Labor,
- Department of Health
Federal Government
- Federal Reserve (12 regional banks and DC), Treasury Department, Bureau of Economic
- Analysis, Bureau of Labor Statistics, Census Bureau, Congressional Budget Office,
- Department of Agriculture, Department of Labor, Department of Health & Human
- Services, State Department, CIA
Congressional aide
Grad School
Disciplinary (GRE)
- Economics: Ph.D (funding), Masters (no funding)
- Graduate school in economics requires a strong math and stats background.
- Positions for econ graduate students are generally advanced positions of those listed on this sheet, in addition to academia (teaching)
- International Relations
- Public health
General
- Law school (LSAT) – mergers and acquisitions, labor,
- Masters of Business Administration (MBA) (GMAT)
- Masters of Public Policy (MPP) (GRE)
How to prepare?
- Start thinking about in your junior year!
- Applications due in late December
- Prepare for and take GRE, LSAT, GMAT summer before senior year
- Calculus/math courses, focus on econometrics paper for writing sample
Major | Average Wage/HR | Wages for Top 10% | Wages for Bottom 10% |
Economics | $43.15 | $78.43 | $13.90 |
Electrical Engineering | $41.61 | $63.24 | $20.10 |
Mechanical Engineering | $40.43 | $58.82 | $19.61 |
Finance | $38.21 | $65.36 | $14.71 |
Mathematics | $37.76 | $63.73 | $14.01 |
Accounting | $36.88 | $60.33 | $14.71 |
Computers & IT | $35.83 | $56.37 | $16.18 |
Political Science | $33.32 | $57.25 | $12.60 |
Business Management | $31.56 | $51.96 | $13.73 |
Marketing | $32.90 | $57.29 | $13.73 |
Source: Wall Street Journal