Economics is part of the liberal arts tradition and thus is NOT vocational training or preparation for a specific job. Instead, an undergraduate degree in Economics provides you with background knowledge and critical thinking skills relevant to a huge range of professions.
Economics graduates are in considerable demand by both the private and public sectors. Large corporations, retail firms, and financial intermediaries hire economics majors to fill a variety of entry-level administrative and financial positions, sometimes even before they finish their degrees. If you are interested in policy issues, then you might want to look at employment with a governmental agency or a firm which contracts with government. Federal, state, and local governments employ economics majors to assist with research tasks and to assume managerial and administrative responsibilities. Research organizations, consulting firms, and public interest groups also actively recruit Economics majors. Those with high grades in quantitative courses have the best employment prospects.
You might find the following links useful in your job search.
- American Economics Association
- National Association of Business Economics
- University of Maryland's Career Center
- Occupational Outlook Handbook
- Career One Stop
- Massachusetts Career Information System (MassCIS)
Even though this is based in MA, students can use any zip code from a MA town to search (ex: Barnstable 02668) to log in and then explore other states.
- Explore Careers in Economics - list of job titles from past UMD ECON /graduates
If you want to be a professional economist, you will most likely need graduate level training. Economists with master's degrees often find jobs with government agencies or consulting firms working on empirical studies. For those achieving doctoral degrees in Economics, the principal career options are teaching, research, and administration. See the link to Graduate Study in Economics for more information on preparing for graduate school.
ECON Does What?! Featured Career and Internship Advice
Want to know how ECON alumni and current students are using their economic skills and knowledge in their career or at their internship? Review the profiles below to gain valuable insights from ECON alumni and current students working in your field of interest:
- Grant Brandenburg '21 - Financial Economist Intern at the U.S. and Securities and Exchange Commission
- – Internship at the British Embassy’s Department of International Trade
- – Financial Analyst FP&A at E*TRADE Financial
- – Data Analyst at The Invictus Group
- Max Rosenthal '19 - Transaction Opinions Analyst at Duff & Phelps
- – Business Technology Analyst at Deloitte Consulting, LLP
- Mihir Khetarpal '18 - pursuing a Juris Doctorate at University of Virginia
- Leanne Klock '18 - pursuing a PhD in Political Economics at the Stanford Graduate School of Business
- Megan Flaherty ’18 – Actuarial Analyst at Willis Towers Watson (WTW)
- – Quantitative Analyst, Model Risk Management at Fannie Mae
- Jana Austin '17 - Actuarial Analyst at Cheiron
- – Contract Specialist at the U.S. Department of Defense, Defense Logistics Agency
- Cotter Rosenberg ’17 – Accounting Analyst at John Staurulakis, Inc.
- Kaela Schneider ’17 – Strategy & Operations Business Analyst at Deloitte Consulting LLP
- Seth Neckritz ’17 – Financial Analyst at Morgan Stanley
- Christopher Hollrah ’16 – Research Assistant at the Federal Reserve
- – Research Fellow at the U.S. Department of the Treasury
- Abraham Sidibe ’16 – Community Economic Development Agent at Peace Corps
- Brett Weiss ’16 – Management Consulting Analyst at Accenture
- Cesar Acevedo '15 - pursuing a Master of Science in Applied Economics at University of Maryland
- Salema Bridges ’15 – Resource Analyst at NASA Goddard Space Flight Center
- Kiese Hansen ’15 – Program Associate at Aspen Institute Financial Security Program
- Cassandra Rowlands ’13 – Policy Analyst at the Export-Import Bank of the United States (EXIM)
- Girish Sankar ’13 – Finance Associate at Clutter