Typical Entry-Level Jobs for ECON Graduates

The job descriptions on this page give you a look at the types of employment you can attain with a BS or BA in economics. Click on a job to see typical duties and responsibilities, salary information, skills needed, outlook, and career paths.

 

Responsibilities and Duties: 

  • Document findings of study and prepare recommendations for implementation of new systems, procedures, or organizational changes.
  • Interview personnel and conduct on-site observation to ascertain unit functions, work performed, and methods, equipment, and personnel used.
  • Analyze data gathered and develop solutions or alternative methods of proceeding.
  • Plan study of work problems and procedures, such as organizational change, communications, information flow, integrated production methods, inventory control, or cost analysis.
  • Confer with personnel concerned to ensure successful functioning of newly implemented systems or procedures.

Qualifications

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Skills and Abilities:

  • Critical Thinking 
  • Reading Comprehension 
  • Active Listening 
  • Speaking 
  • Active Learning

Growth Projections11% Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • In DC Area Average Salary: $81,946
  • Nationally: $73,613

Common Industries:

  • Professional, scientific, and technical services
  • Government
  • Self-employed workers
  • Finance and insurance
  • Management of companies and enterprises

Career Paths:

In 10 years you could be an Enterprise Project Manager, in 11 years a technical delivery manager and in 7 years a Customer Relationship Management Manager.

Source: Zippia.com 

 

Responsibilities and Duties:

  • Prospect for new clients
  • Monitor market conditions or trends.
  • Advise customers on the use of products or services.
  • Advise others on business or operational matters.
  • Answer customer questions about goods or services.
  • Assess the cost effectiveness of products, projects, or services.
  • Attend events to develop professional knowledge.
  • Calculate costs of goods or services.
  • Contact current or potential customers to promote products or services.
  • Develop content for sales presentations or other materials.
  • Distribute promotional literature or samples to customers.

Qualifications:

57.1% of business development representatives have a bachelor's degree. In terms of higher education levels, approximately 10.0% of business development representatives have master's degrees. Even though most business development representatives have a college degree, it's possible to become one with only a high school degree or GED.

Skills and Abilities:

  • Sales
  • Communications
  • Customer Service
  • Lead Generation
  • Managing Accounts

Growth Projections5-7% Annual Growth 

Median Salary (0 years of Experience with Bachelors):

  • DC Area Average Salary: $79,208
  • US Average Salary: $77,092

Common Industries:

  • Professional, Scientific, and Technical Services
  • Administrative and Support Services
  • Information
  • Retail Trade
  • Other industries (including Construction

Career Paths:

 

Responsibilities and Duties:

  • Conducting strategic portfolio planning
  • Data analysis and portfolio reporting
  • Analytical support, including cost-benefit impacts of alternatives, tracking planned versus actual impacts
  • Program management

Qualifications:

Similar to financial analysts, most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, and mathematics.

Skills and Abilities:

  • Speaking 
  • Active Listening
  • Critical Thinking
  • Reading Comprehension 
  • Active Learning

Growth Projections7-10% Annual Growth

Median Salary (0 years of Experience with Bachelors): 

  • DC Area Average Salary: $117,288
  • US Average Salary: $120,990

Common Industries:

  • Real estate
  • Self-employed workers
  • Finance and insurance

Career Paths:

In 8 years you can be a Real Estate Manager or Portfolio Manager

 

Responsibilities and Duties: 

  • Analyze, manipulate, or process large sets of data using statistical software.
  • Apply feature selection algorithms to models predicting outcomes of interest, such as sales, attrition, and healthcare use.
  • Apply sampling techniques to determine groups to be surveyed or use complete enumeration methods.
  • Clean and manipulate raw data using statistical software.
  • Compare models using statistical performance metrics, such as loss functions or proportion of explained variance.

Qualifications

Earn a bachelor’s degree in a field with an emphasis on statistical and analytical skills, such as math or computer science. Learn important data analytics skills and consider certification in data analysis.

Skills and Abilities:

The following shows the highest percentage of skills found in data analyst resumes:

Growth Projections: 8%+ Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • In DC Area Average Salary: $73,999
  • Nationally: $66,111

Common Industries:

  • Computer Systems Design and Related Services
  • Management of Companies and Enterprises
  • Management, Scientific, and Technical Consulting Services
  • Scientific Research and Development Services
  • Insurance Carriers

Career Paths:

In  six years, you could be a Systems Manager, in 9 years an IT Operations Manager, and in 10 years you could be a Contract Project Manager or a Senior IT Manager.

Source: Zippia.com Zippia Logo

 

Responsibilities and Duties:

  • Execute buy/sell orders for fund managers
  • Execute customers orders
  • Keep track of factors such as richness of implied volatility of the stock, skewness, correlation/dispersion of an index, volatility surface, etc.
  • Develop strategies to use  futures, options, and swap contracts derivatives to make a profit

Qualifications:

  • Many entry-level positions are available for those with a bachelor’s degree. However, some employers may prefer to hire applicants with a master’s degree.
  • Although some schools offer bachelor’s and advanced degree programs in, some analysts have degrees in other technical or quantitative fields, such as engineering, computer science, analytics, or mathematics.

Skills and Abilities:

  • Math and Statistics
  • Critical thinking
  • Build and Validate Financial Models
  • Programming Languages

Growth Projections: 15% or higher annual growth

Median Salary (0 years of Experience with Bachelors):

  • US Average Salary: $50,903
  • DC Area Average Salary: $56,665

Common Industries:

  • Finance and Insurance
  • Professional, Scientific and Technical Services
  • Management of companies and enterprises
  • Manufacturing
  • Federal Government

Career Paths:

 

Responsibilities and Duties:

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Supervise research projects and students' study projects.
  • Teach theories, principles, and methods of economics.

Qualifications:

  • A master’s degree or Ph.D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful. 
  • Students can pursue an advanced degree in economics with a bachelor’s degree in a number of fields, but a strong background in mathematics is essential. A Ph.D. in economics may require several years of study after earning a bachelor’s degree, including completion of detailed research in a specialty field.

Skills and Abilities:

  • Critical Thinking 
  • Mathematics
  • Reading Comprehension
  • Active Listening
  • Judgement and Decision Making

Growth Projections7-10% Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • DC Area Average Salary: $100,030
  • US Average Salary: $96,054

Common Industries:

  • Federal Government, excluding postal service
  • Scientific research and development services
  • Management, scientific and technical consulting services
  • State government, excluding education and hospitals
  • Finance and insurance

Career Paths:

 

Responsibilities and Duties:

  • Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
  • Prepare plans of action for investment, using financial analyses.
  • Evaluate and compare the relative quality of various securities in a given industry.
  • Recommend investments and investment timing to companies, investment firm staff, or the public.
  • Present oral or written reports on general economic trends, individual corporations, and entire industries.

Qualifications:

Most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, and mathematics.

Skills and Abilities

  • Critical Thinking
  • Reading Comprehension
  • Active Listening 
  • Mathematics
  • Speaking

Growth Projections4-6% Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • US Average Salary: $53,996
  • DC Area Average Salary: $60,109

Common Industries:

  • Securities, commodity contracts, and other financial investments and related activities
  • Credit intermediation and related activities
  • Professional, scientific and technical services
  • Management of companies and enterprises
  • Insurance carriers and related activities

Career Paths:

 

Responsibilities and Duties:

  • Managing schedules and budgets
  • Data entry
  • Managing databases and correcting errors
  • Designing and implementing new web pages and social media posts
  • International travel arrangement and logistics
  • Support recruiting and on-boarding processes for new staff
  • Disseminate information to the relevant team

Qualifications:

50% of program assistants hold bachelor's degree, 18% hold master's degree and 13% hold associate degree.

Skills and Abilities:

  • Communication
  • Customer Service
  • Data Entry
  • Human Resources
  • Data Collection
  • Office Administration

Growth Projections: 13%

Median Salary:

US Average Salary: $31,000
DC Area Average Salary: $44,057

Common Employers:

  • Bilateral and Multilateral Organizations
  • Government Agencies
  • International Non-Governmental Organizations
  • Non-profit Organization
  • Consulting and Contracting Agencies

Career Paths:

 

 


 

Responsibilities and Duties:

  • Advise clients on aspects of capitalization, such as amounts, sources, or timing
  • Analyze financial or operational performance of companies facing financial difficulties to identify or recommend remedies
  • Assess companies as investments for clients by examining company facilities
  • Collaborate on projects with other professionals, such as lawyers, accountants, or public relations experts
  • Collaborate with investment bankers to attract new corporate client

Qualifications:

Most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, and mathematics.

Skills and Abilities:

 

  • Analytical skills
  • Communication skills
  • Computer skills
  • Decision-making skills
  • Detail oriented
  • Math skills
     

Growth Projections4-6% Growth Annually

Median Salary (0 years of Experience with Bachelors):

  • DC Area Average Salary: $96,883
  • US Average Salary: $92,048

Common Industries:

  • Securities, commodity contracts, and other financial investments and related activities
  • Credit intermediation and related activities
  • Professional, scientific, and technical services
  • Management of companies and enterprises
  • Insurance carriers and related activities

Career Paths:

 

Responsibilities and Duties:

  • Research political subjects, such as the U.S. political system and foreign relations
  • Collect and analyze data from sources such as public opinion surveys
  • Evaluate the effects of policies and laws on government, businesses, and people
  • Monitor current events, policy decisions, and other related issues
  • Forecast political, economic, and social trends

Qualifications:

45% of policy analysts hold master's degree, 32% hold bachelor's degree and 13% hold doctoral degree.

Skills and Abilities:

  • Policy Analysis
  • Data Analysis
  • Policy Development
  • Project Management
  • Policy Research
  • Data Collection

Growth Projections4-6% Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • US Average Salary: $59,109
  • DC Area Average Salary: $65,801

Common Industries:

  • Federal government, excluding postal service
  • Professional, scientific, and technical services
  • Educational services; state, local, and private
  • Self-employed workers
  • Religious, grantmaking, civic, professional, and similar organizations

Career Paths:

 

Responsibilities and Duties:

  • Design and create special programs for tasks such as statistical analysis and data entry and cleaning.
  • Provide assistance with the preparation of project-related reports, manuscripts, and presentations.
  • Prepare tables, graphs, fact sheets, and written reports summarizing research results.
  • Perform descriptive and multivariate statistical analyses of data, using computer software.
  • Verify the accuracy and validity of data entered in databases, correcting any errors.

Qualifications:

Most Research Assistants are required to have completed a degree in a field related to their study.  Applicants also benefit from having related work or internship experience.

Skills and Abilities:

  • Computer Programming 
  • Data Analysis
  • Critical Thinking
  • Data Collection
  • Complex Problem Solving 
  • Project Administration

Growth Projections7-10% Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • US Average Salary: $84,357
  • DC Area Average Salary: $86,770

Common Industries:

  • Scientific Research and Development Services
  • Colleges, Universities, and Professional Schools
  • Local Government, excluding schools and hospitals (OES Designation)
  • General Medical and Surgical Hospitals
  • Management, Scientific, and Technical Consulting Services

Career Paths:

 

Responsibilities and Duties:

  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.See more occupations related to this task.
  • Provide advice to clients on a contract basis, working as a consultant.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.

Qualifications:

  • Must have a strong background in mathematics, statistics, and business. Typically, an actuary has an undergraduate degree in mathematics, actuarial science, statistics, or some other analytical field.
  • To become certified professionals, students must complete coursework in economics, statistics, and corporate finance.

Skills and Abilities:

  • Critical Thinking
  • Judgement and Decision Making
  • Mathematics
  • Data Analysis
  • Computer Programming

Growth Projections11% or Higher Annual Growth

Median Salary (0 years of Experience with Bachelors):

  • DC Area Average Salary: $79,300
  • US Average Salary: $75,904

Common Industries:

  • Finance and insurance
  • Professional, scientific, and technical services
  • Management of companies and enterprises
  • Self-employed workers
  • Government

Career Paths:

 

Responsibilities and Duties:

  • Use all appropriate adjustments, deductions, and credits to keep clients' taxes to a minimum.
  • Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.
  • Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
  • Review financial records, such as income statements and documentation of expenditures to determine forms needed to prepare tax returns.
  • Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.

Qualifications:

Require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.

Skills and Abilities:

  • Reading Comprehension
  • Active Listening
  • Critical Thinking
  • Speaking 
  • Active Learning

Growth Projections4-6% Growth annually

Median Salary (0 years of Experience with Bachelors):

  • DC Area Average Salary: $62,427
  • US Average Salary: $64,000

Common Industries:

  • Accounting, tax preparation, bookkeeping, and payroll services
  • Finance and insurance
  • Government
  • Management of companies and enterprises
  • Self-employed workers

Career Paths:

 

Responsibilities and Duties:

  • Manage project execution to ensure adherence to budget, schedule, and scope.
  • Confer with project personnel to identify and resolve problems.
  • Monitor or track project milestones and deliverables.
  • Submit project deliverables, ensuring adherence to quality standards.
  • Assess current or future customer needs and priorities by communicating directly with customers, conducting surveys, or other methods.

Qualifications:

Most computer systems analysts have a bachelor’s degree in a computer-related field. Because these analysts also are heavily involved in the business side of a company, it may be helpful to take business courses or major in management information systems.

Skills and Abilities:

  • Critical Thinking
  • Active Listening
  • Coordination
  • Reading Comprehension
  • Time Management

Growth Projections: 7-10% growth annually

Median Salary (0 years of Experience with Bachelors):

  • US Average Salary: $90,920
  • DC Area Average Salary: $107,250

Common Industries:

  • Computer systems design and related services
  • Finance and insurance
  • Management of companies and enterprises
  • Information
  • Government

Career Paths: