Making Money With Economics

Written by on August 17, 2013 in Money - No comments | Print this page

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moneyWith the economy still slow to recover many are taking the opportunity to return to college or even attend for the first time using available student loans.

That being said, one of the most difficult things to do is decide on a major.

With so many options available it can be overwhelming. Doing research can help you out in the long run.

We have looked at jobs available with a degree in agriculture and cosmetology; now let’s look at jobs with a degree in economics.

First of all while it may not seem too exciting at first there have been many famous and influential economist including Keynes, Galbraith, Volker and Krugman. The study is made up of many disciplines that include macroeconomics, microeconomics, demographics and econometrics.  Jobs are available in both the private and public sector. Here are some.

Investment

The economic jobs with the best pay tend to be those in the financial services industry with median salaries ranging from 60k-80k a year. Jobs include personal finance advisors, financial managers and securities, commodities and services sales agents.

Most of these jobs focus on macroeconomics and often require advanced training, education or certification as regulations are constantly changing. Oh, and don’t forget those posh bankers hours.

Government

Both federal and state governments make extensive use of economists. Your job would essentially be to forecast and analyze the economy and economic trends using macroeconomics, econometrics and even microeconomics depending on your level of government.

Another area of government work is writing and analyzing acts of legislation. The Congressional Budget Office makes extensive use of economists and don’t forget, those public sector jobs have pretty posh hours as well.

Consulting

Maybe you don’t want to work directly for the government. Instead you could work for political candidates and elected officials. While it may be shocking, most politicians don’t know much about advanced economics and often hire economic consultants.

You might work directly with a candidate or you might work for a think tank hired out by a public official. You would analyze potential policies as well advise them on economic issues they are expected to know about.

Manufacturing

Corporate executives are expected to make important decisions about capital expenditures, investments and profit reinvestments and your job would be to analyze such issues and offer up advice to them.

For example, an exec might hire you to analyze economic conditions and forecasts to see if they need to up their factory production. Multinational corporations make extensive use of international economic experts to help interpret data about various marketplaces.

You might specialize in global macroeconomics or you may be an expert in one particular region such as Southeast Asia. You would also need to know about issues such as currency exchange rates and international trends.

Of course this is just one example of a degree you can earn. There are many more to investigate, even online course such as http://www.trident.edu/colleges/information-systems/bachelor-of-science-in-computer-science.

Aiden Jefferson lives, breathes and writes from Southern California. He writes primarily about automobiles and education.

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