Careers
in Economics
Careers in Business Economics: A
Publication of the National Association for Business Economics
Detailed salary and job
information (U.S. Department of Labor)
The following is an excerpt from
the
NABE's Careers in
Business Economics
More
and more firms are becoming aware of the contribution that business
economists can make in day-to-day decisions. One reason for this greater
awareness is that a growing proportion of middle and top management has a
master's degree in business or similar training that equips management to
understand and utilize the professional work of economists. Another reason
is the growing complexity of domestic and international economics.
Business
economists are increasingly asked to work with other specialists in
business--investment bankers, lawyers, accountants, treasurers, engineers,
and others--to assist in solving problems. This trend, too, indicates an
expanding role for business economists.
Finally,
the career of business economics is increasingly recognized as one of the
routes to top management. In recent years, business economists have become
presidents or senior officers of banks, insurance companies, trade
associations, investment houses and industrial companies. Although not all
business economists are capable or even desirous of advancing to a top
management position, it is clear that economics is a business function of
central importance and thus can be a pathway to the top. Indeed, economics
is the second most likely undergraduate major (after engineering) that
today's CEOs have. Interestingly, two NABE past presidents are currently
presidents of federal reserve banks, one is president of a very large
national bank and another, Alan Greenspan, heads the Board of Governors of
the Federal Reserve System.
If you
have inclinations toward government policy positions, never fear. Recently,
among the top seven industrialized countries, the key central bank governor
is an economist in Great Britain, Germany, Italy and the U.S. In France and
Italy, the Finance Minister also holds an economics degree. Looking at
twelve developing countries, all but one of the central bank governors holds
an economics degree. Among the finance ministers, all but three hold
economics degrees. Clearly, economics is a useful background for government
policy.
Career
Centers
The
Sacramento State Career Center has begun a new website for electronic job
searching: Career Connection. The Career Center provides proactive and
comprehensive career services to students through: career development,
experiential learning, on-campus recruitment and employer relations. The
professional staff creates a supportive and educational environment where
students can actively participate in their own career development within
the global work world.
Another
option is to visit AfterCollege's
JOB RESOURCE CENTER for current postings and information. AfterCollegeT
is the largest career network specializing in recruitment at the college
level. Now Sacramento State Economics Students can access our own
specialized job posting page at AfterCollege. You can also find Resume and
Interview help on this site. (CSUS Department of Economics staff and
members do not assume responsibility for the information contained herein,
which is provided by AfterCollege, an independent service provider.)
NABE Career Center
Other Job Opportunities for Successful Economics Majors
