Economics Major

Economics Major Links

  1. American Economic Association

What does an economics major do?

An economics major studies how people use resources. The study of economics includes both the behavior of individuals and society as a whole. As an economics major, you will study labor, income, production, taxation and government expenditure.

What types of jobs do economics majors take after graduation?

There are a variety of career paths available to economics majors, including:

  • Investment Banker
  • Statistician
  • Financial Analyst
  • Government (Policy, Analyst)
  • Consultant
  • Loan Officer

What degrees do economics majors pursue?

Most economics majors first earn a Bachelor’s Degree in Economics, and may go on to pursue a Master’s Degree in Economics. Schools that do not offer a specific economics degree program may offer economics as a concentration within the Business Administration program path.

How much does an economics program cost?

School costs vary widely, depending on the type of school you choose and what type of program you are pursing. You can find average school costs for public economics colleges and private economics colleges in our compare colleges section.

How do I pay for an economics program?

Whether you are paying for an undergraduate or graduate economics program, it’s important that you complete the FAFSA and review your financial aid options. You should start by trying to obtain college scholarships and college grants (free money) to pay for your Economics program. Then use federal student loans, such as the Federal Stafford Loan. If free money and federal loans are not enough to pay for your Economics program, you can begin to research private student loans to cover the remainder of your school costs.

What is the average salary for economics majors?

Median annual wage and salary wages of economists were $83,590 in May 2008. In March 2009, the average annual salary for economists employed by the Federal Government was $108,0101.

An economics major probably performs well in or enjoys the following subjects:

  • Math
  • Finance
  • Sociology
  • Political Science
1Source: http://www.bls.gov/oco/ocos055.htm

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