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12+ Jobs for Economics Majors

Best jobs for economics majors

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Jobs for economics majors exist in practically every industry, from academia to financial services to technology. Studying economics is a great way to develop the strong research and analysis skills vital for many of today’s best-paying and fastest-growing careers. 

Top Jobs for Economics Majors By the Numbers 

Average SalaryProjected Job Growth 2022-2032
Accountant or Auditor$90,7804%
Data Scientist $119,04035%
Financial Analyst $112,9508%
Financial Manager$174,82016%
Market Research Analyst $83,19013%
Personal Finance Adviser $150,67013%
Political Scientist$132,0207%
Postsecondary Educator$133,6508%

Best Jobs With an Economics Degree Explained 

Accountant or Auditor 

Accountants and auditors review and report financial information for businesses, individuals, and government organizations. Most accountants and auditors have bachelor’s degrees, though some pursue master’s degrees to help meet educational credit hour requirements for certifications like the Certified Public Accountant (CPA) designation. 

An accountant can typically work in public or private accounting

  • Public accountants work for accounting firms and act as third parties to review the financial records of publicly traded companies.
  • Private accountants work for a business or individual and assist in managing and recording financial activities like quarterly performance, transaction details, and budgets. 

Similarly, auditors usually work internally or externally: 

  • Internal auditors audit a business’s processes, finances, and systems to ensure accuracy, compliance with regulatory requirements, and efficiency. 
  • External auditors work for an accounting firm and perform audits on publicly traded companies to ensure transparency, accuracy, and compliance in the company’s financial reports.

KPMG Career Catalyst: Audit

Learn what it's like to perform audits on some of the most well-known companies in the world with this free job simulation from KPMG.

Avg. Time: 3 to 4 hours

Skills you’ll build: Critical thinking, problem solving, audit planning, Excel, data visualization, presentations, communication, PowerPoint, internal controls


Using math, statistics, and financial theories, actuaries analyze risks involved with business and finance activities and devise strategies to manage and minimize those risks. To become an actuary, you typically need at least a bachelor’s degree in finance, economics, business, or a related field. 

Actuaries also must be certified through either the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA):

  • CAS certifications are for actuaries who want to specialize in risk assessment and management for the property and casualty insurance industry.
  • SOA certifications allow actuaries to gain specific skills in investments, retirement benefits, finance, and health and life insurance.

>>MORE: Learn the difference between an actuary and an accountant.

Standard Bank Actuarial

Explore a career in actuarial sciences with this free job simulation from Standard Bank.

Avg. Time: 3 to 4 hours

Skills you’ll build: Actuarial techniques, judgement, Excel, critical thinking, presentation, PowerPoint, actuarial analysis, mathematical proficiency, analytical thinking

Data Scientist 

A data scientist derives meaningful insights from information and data to help determine business decisions. You typically need at least a bachelor’s degree to become a data scientist, and some coursework in mathematics or statistics can be useful. 

Data scientists can work in practically any industry, especially as the need for data-driven decisions grows across the board. Businesses often use data scientists in finance, market research, product development, and marketing. Many data scientists start as data analysts, working under the direction of more experienced professionals. 

>>MORE: Explore the data science career path — where it starts and where it can take you.

BCG logo on building

BCG Data Science

See how BCG professionals use data to gain insights and solve meaningful challenges with this free job simulation.

Avg. Time: 6 to 7 hours

Skills you’ll build: Business understanding, hypothesis framing, communication, programming, exploratory data analysis, data visualization, creativity, mathematical modeling, client communication


Economists are experts at analyzing micro- and macroeconomic trends and applying them to policies. You typically need a master’s degree in economics to work as an economist, but some companies and government entities may prefer applicants with a Ph.D. 

In businesses, economists are responsible for reviewing and forecasting microeconomic trends important to the company, such as consumer demand or product sales. Economists in government roles help to inform public policy issues, predict future fiscal challenges, and educate businesses and the public about historical trends and their potential impact on current events.

Find Your Career Fit

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Financial Analyst 

Financial analysts are responsible for handling in-depth analysis to help organizations increase profits and improve efficiency. Most financial analysts have at least a bachelor’s degree, but some pursue master’s or Master of Business Administration (MBA) degrees to make themselves more marketable. 

The title financial analyst is broad and encompasses many different jobs, such as: 

  • Investment banker: helps facilitate large-scale transactions, such as mergers and acquisitions (M&A) 
  • Credit analyst: determines if individuals and businesses are secure enough to receive loans, credit cards, or other forms of financing 
  • Quantitative analyst: uses algorithms and statistics to inform investment decisions and deter risky financial activities 
  • Budget analyst: reviews organizations’ spending and crafts budget plans to meet financial goals
Man and woman hands doing dcf valuation financial modeling

New York Jobs CEO Council Financial Analyst

Explore a career in financial analysis and learn in-demand skills with this free job simulation from the New York CEO Jobs Council.

Avg. Time: 2 to 3 hours

Skills you’ll build: Financial analysis, critical thinking, problem solving, Excel, communication

Financial Manager

A financial manager is responsible for an organization’s financial health and performance. Although the highest education you need to become a financial manager is a bachelor’s degree, you also need several years of experience in finance. 

Some financial managers oversee specific departments within a company, such as accounting teams or budget committees. Others take on executive roles like chief financial officer (CFO).  

>>MORE: Check out some of the most popular careers in finance.


Newspapers, magazines, and broadcast outlets rely on experienced and knowledgeable economists to give the public in-depth analyses of current events. You typically need at least a bachelor’s degree to get started in journalism, and practical experience through internships can help build your credibility. 

Some economists work as writers, crafting written analyses and predictions about policies and economic events. Others may work as reporters, appearing on television, radio, or internet broadcastings to deliver relevant fiscal information to the channel’s viewers. 

>>MORE: Curious about other areas of journalism and communications? See the best jobs for communications majors in 2024.


Law can be an attractive field for economics majors since many legal arguments rely on economic factors and reasoning. Areas like contracts, mergers and acquisitions (M&A), and tax law require a strong understanding of economics and how decisions can have broader fiscal effects. Lawyers must have an advanced degree and pass the bar exam to practice. 

>>MORE: Check out 13 careers you can get in law (without becoming a lawyer).

Law, law firms, types of law

Herbert Smith Freehills International Mergers

Learn how lawyers help companies navigate complex international mergers with this free job simulation from Herbert Smith Freehills.

Avg. Time: 5 to 6 hours

Skills you’ll build: Legal drafting, critical thinking, attention to detail, commercial awareness, research, presentations, contract drafting, working under pressure

Market Research Analyst 

Market research analysts analyze how a product or service fits within the broader economic market. These analysts use micro- and macroeconomic factors, consumer research, and business constraints to help set prices and predict future products sales. Most market research analysts have bachelor’s degrees, though some pursue advanced degrees to make themselves more marketable to employers. 

BCG logo on building

BCG Digital Transformation

Explore how analysts use market research, financial theories, and agile methodologies to help companies improve sales with this free job simulation from BCG.

Avg. Time: 3 to 4 hours

Skills you’ll build: Market research, categorization, PowerPoint, brainstorming, creative thinking, prioritization, financial modeling, Excel, agile methodology, project planning, project management

Personal Finance Adviser 

A personal finance adviser (PFA) helps individuals and businesses accomplish financial goals. PFAs need at least a bachelor’s degree, and those who directly buy or sell investment products for clients must be registered with the U.S. Securities and Exchange Commission (SEC). 

The day-to-day for a PFA depends on the types of clients they work with. When working with individuals, families, or small businesses, a PFA may be responsible for creating monthly budgets to help the client save for retirement or a college education. On the other hand, PFAs can work with high-net-worth individuals and larger corporations, managing their finances and taking on a role similar to an investment portfolio manager.

Citibank, citigroup logo

Citi Finance

Gain relevant financial skills and explore a career in finance with this free job simulation from Citi.

Avg. Time: 3.5 to 5.5 hours

Skills you’ll build: Fact finding, data analysis, communication, presentation, commercial awareness

Political Scientist

Political scientists research and report on historical and current political issues and analyze governments, policies, and current events. A master’s degree in political science, economics, public administration, or a related field is usually required. 

Many political scientists work for think tanks, universities, and government organizations. In these environments, political scientists study political trends, assess historical events’ implications, and test theories. Some political scientists work as policy analysts, reviewing proposed public policies and forecasting the impact a policy may have on different demographics or industries. 

>>MORE: Studying politics? Check out some great career options in polisci that don’t require running for office.

Postsecondary Educator 

Students with economics majors can choose to stay in academia and teach economics, economic theory, political science, or business courses at colleges and universities. Most postsecondary teachers have Ph.D. degrees. However, a master’s or bachelor’s degree may be enough for teaching at a community or junior college. 

College student studying

Teach First Transferable Teaching Skills

Build vital skills teachers use every day in the classroom with Teach First's free job simulation.

Avg. Time: 2 hours

Skills you’ll build: Leadership, decision making, management, motivation, interaction, planning, organization, communication

Highest-Paying Jobs for Economics Majors

Some of the best-paying careers for economics majors include: 

  • Law
  • Private higher education
  • Financial analysis
  • Government roles in economics or political science 
  • Actuarial sciences and risk management 

Ultimately, areas that mix technology with finance are rapidly growing and pay well for great economists. These areas include actuarial sciences, data science, and working in emerging technologies like artificial intelligence, machine learning, and cloud computing.

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Best Entry-Level Jobs for Economics Majors

Some of the best entry-level positions for economics majors are: 

  • Analyst roles, like financial, budget, credit, or market analyst jobs
  • Actuary roles
  • Journalism and reporting 
  • Accounting careers
  • Personal finance adviser jobs 

These types of roles utilize the skills learned while gaining an economics degree, build a foundation for career advancement, and provide attractive salaries.

Skills for Economics Major Careers

Obtaining an economics degree provides a wealth of highly transferable skills you can use in virtually any industry or position. Some of the most important skills for economics majors to foster include:

Start exploring your career options today with Forage’s free job simulations.

For guidance on the job application process, explore our Job Application Basics series below. This five-part series will show you how to increase your chances of getting hired. Start with the intro, then check out all five parts:

McKayla Girardin is a NYC-based writer with Forage. She is experienced at transforming complex concepts into easily digestible articles to help anyone better understand the world we live in.

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