In this article, you will be getting information on 10 Career Choices for Economic Majors that will enlighten you in so many ways. However, there are lots of jobs that are available for graduates in economics to get involved in and as you read on you will get more information.
10 Career Choices for Economic Majors
Economics is actually described as successful in a wide variety of careers and as an economics graduate, you definitely need to make a good choice on the career path that you choose. Meanwhile, there are lots of interesting jobs in economics majors and as long as you are able to read further till the end of this blog you will get valid information.
Compensation Manager:
A Compensation manager is an experienced individual that is given responsibility for several tasks that include establishing the benefit structure and pay of a company, tracking industry-standard packages for compensation, and most importantly monitoring how the salaries and benefits are been distributed.
However, you must know that economics majors are seen very ideal for this type of job and they are also involved in the analysis that offers compensation plans for several departments of the company that tends to work best. Moreover, the salary of a compensation manager is about $87k to $160k per year.
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Market Research Analyst:
A Market Research Analyst Is an individual hired and offered the responsibility of gathering information on the procedures of how a particular set of goods would fare in an economy through research and also analytics. Another thing you might want to know is that well-experienced graduates in economics are able to carry out an analysis of the behavior of a consumer, competitors’ strategies, demand, and supply of goods and services among others. Well, the salary they earn is about $63,970 to $76220 per year.
Financial Analyst:
Financial analysts are experienced personnel that is tasked with always monitoring the money flow of several organizations and have a particular interest that is based on the ways in which the money is spent. Moreover, they are also known for keeping track of various market trends, and the behavior of consumers and also importantly offer reports that are detailed on the matter.
Going further, they are also regarded as professionals who undertake financial analysis for either internal or external clients as a core job feature and they earn a yearly salary of about $52k-$94k per year.
Statistician:
A Statistician is known to be an individual that gathers and analyzes the data of a company and actually works with theoretical or applied statistics. Moreover, they carry out several tasks that include developing mathematical or statistical models, interpretation of data, and communication of analysis to technical and non-technical audiences. Also, they earn a salary of about $86960 per year.
Economic Professor:
Economic professors are individuals known as professors that provide knowledge (teach) and conduct research on several economic topics at colleges and universities. More so, before these professionals are hired, they are requested to display mastery of economic theories, practices, and applications and their average salary is about $77597 per year.
Stockbroker:
A Stockbroker is actually referred to as an agent that is tasked with buying and selling orders submitted by an investor in exchange for a commission or fee. Moreover, they are also described as a regulated broker, broker-deals, or registered investment adviser that are also involved in providing financial advisory and investment management services and making several transactions. Well, they earn an average salary of about $66k-$95k per year.
Compliance Analyst:
Compliance Analysts are also referred to as Compliance managers and they are individuals that make sure the operations and procedures of an organization meet the compliance standards of the governors and industry. However, they carry out tasks like researching regulations and policies, talking about requirements, and applying for compliance certification on their organization’s behalf and their average salary is about $61702 per year.
Accountant:
An accountant is an experienced individual regarded as a professional that is responsible for handling bookkeeping and sorting out the financial documents that are needed to run a business. Meanwhile, some of their tasks include auditing books, preparation of reports for tax purposes, and many others. Well, they also earn a salary of about $48k- 93k per year.
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Actuary:
An Actuary is an individual that is tasked with dealing with risks and their consequences for a host of industries, and they are also known for analyzing each risk factor through mathematics, statistics, and graphics presentation, and their average salary is about $5,38 per hour.
Data Scientist:
A Data scientist is an individual that is involved in analyzing data for actionable insights. Moreover, they are known for carrying out several tasks that include identifying data-analytics problems that will bring great opportunities to the organization. Moreso, they earn an average salary of about $93k-210k per year.
Frequently Asked Questions
this section of the article provides some of the frequent questions that are been asked about 10 Career Choices for Economic Majors for you to be more enlightened.
What are some of the best careers for economics graduates?
- Economists.
- Data analyst.
- Financial planner.
- Economic researcher.
- Financial consultant.
- Investment analyst.
- Financial risk analyst.
- Accountant.
Is Econ a tough major?
The economics major is not an easy degree choice and it actually requires a great deal of critical thinking and analysis on the part of economics students.
What are some of the easiest majors in college?
- Psychology.
- Criminal justice.
- English.
- Education.
- Religious studies.
- Social work.
- Sociology.
- Communications.