Program Overview

https://www.youtube.com/watch?v=ElKV3cBpvxE

Why Study Business Economics?

• Prepares You for a Variety of Careers
• Provides a Broad Set of Skills
• Offers Strong Career Prospects

Careers in Economics

Here are some popular career paths for economics graduates:

• Economist: Conducting research, analyzing data, and interpreting economic trends to forecast market conditions, inform policy decisions, or provide consulting services for governments, businesses, or non-profit organizations. Economists earn an average salary of approximately $108,350 per year in the USA.
• Market Research Analyst: Collecting and analyzing data to evaluate market conditions, consumer behavior, and competitive landscapes, helping businesses make informed decisions about their products or services.
• Policy Analyst: Assessing the impact of proposed policies on various economic factors, conducting cost-benefit analyses, and providing recommendations to governments, think tanks, or advocacy groups.
• Management Consultant: Advising businesses on strategic planning, operational efficiency, and market positioning by analyzing economic data and industry trends to improve performance and profitability.
• Data Analyst: Utilizing statistical techniques and econometric models to analyze large datasets, extract meaningful insights, and support decision-making processes in various industries.
• International Trade Specialist: Facilitating international trade by analyzing trade policies, tariffs, and economic conditions of different countries to identify opportunities, mitigate risks, and optimize supply chains.
• Financial Planner: Assisting individuals or families in managing their finances, including budgeting, investing, retirement planning, and risk management, based on economic principles and market trends.
• Financial Analyst: Analyzing financial data, studying economic trends, and providing insights to guide investment decisions for individuals or organizations.
• Urban Planner: Evaluating economic factors and demographic trends to develop plans for sustainable urban development, including transportation systems, housing projects, and infrastructure investments.
• Academic Researcher: Pursuing advanced studies in economics and conducting original research on economic theories, policies, or phenomena, often leading to teaching positions at universities or research institutions.

These are just a few examples of the many career paths available to economics graduates. Depending on your interests, skills, and specialization, there are numerous opportunities to apply economic principles in various fields and make a meaningful impact on society.

Salary Information

• 2023 Average Starting Salary: $71,417*
• Comparison to Other Majors:
  • Business Majors Average: $63,758
  • Highest among all liberal arts disciplines.
• Income Potential:
  • Higher starting incomes than most majors.
  • Ratio of starting to mid-career salary among the highest for all professions.
  • Economics is the 2nd most popular degree for top 1% of income earners.

Notable Alumni