What can I do with a degree in Economics?
Economists study how society utilizes resources in the production and distribution of goods and services. In the workforce, they conduct research, collect and analyze data, monitor economic trends, develop forecasts and evaluate economic issues.
Economists typically do the following:
- Research economic issues
- Conduct surveys and collect data
- Analyze data using mathematical models, statistical techniques, and software
- Present research results in reports, tables, and charts
- Advise business, governments, and individuals on economic topics
- Recommend solutions to economic problems
- Write articles for academic journals and other media
According to the Bureau of Labor Statistics, economists held about 20,500 jobs in 2019 and had a median pay of $105,020 in 2019 (this compares to a median wage for all workers of $39,810). Employment of economists is expected to grow by 14% from 2009 to 2029 with job prospects being best for those with higher education degrees, strong analytical skills, and experience using statistical analysis software. The SAS Data and Econometric Analysis Joint Certificate Program at Roanoke College places students in an extremely strong position given the last two desired skills.
Many economists work in federal, state, and local government. Federal government economists collect and analyze data about the U.S. economy, including employment, prices, productivity, and wages, among other types of data. They also project spending needs and inform policymakers on the economic impact of laws and regulations. Private sector economists represent many different entities from environmental groups to the Brewers Association for Small and Independent Craft brewers.
Some entry-level positions that you can acquire with an undergraduate degree in economics include financial advisor, financial analyst, economic consulting, operations research analyst, supply chain analyst, pricing analyst, business journalist, and environmental economist.
The information on this page was collected from the BLS Occupational Outlook available at www.bls.gov some passages are quoted directly from the source, while others are summarized.