(Source: American Economics Association)
One way to think about career opportunities is to consider the level of earnings typically found with different levels and kinds of education in different careers.
THE CORPORATE WORLD & THE MBA
Most economics majors pursue employment in the private sector. Graduates in economics succeed in many occupations. Some students plan to earn the Masters of Business Administration (MBA) degree in time. Others find employment with the BA is sufficient to fulfill their aspirations.
Some economists with BA degrees find employment as research associates with economic consulting firms. Consultants advise firms on business strategies, prepare economic evidence for court cases, and develop analyses to influence public policy.
LAW AND OTHER PROFESSIONS
Law school is also a common destination for recent graduates in economics. The careful reasoning in economics is a good fit for law and many careers in the law influence significant economic decisions for firms.
GOVERNMENT AND NOT-FOR-PROFITS
Some students enter government service or choose jobs with non-profit entities. Governments at every level hire economists for their facility with statistics and analysis.
PROFESSORS, TEACHERS AND RESEARCHERS OF ECONOMICS
Some graduates in economics are interested in academic careers. They are drawn by the love of the study of economics and the prospect of teaching and writing about economics as a career.
See the American Economics Association website for more information on Careers in Economics.