The Industry

The economics field can seem like a complicated industry, and many students wonder “What exactly does an economics professional do?” Generally speaking, the field involves the study of using resources and making decisions. While business careers are very common in the industry, economics professionals are employed in law, non-profits, academics, and government. There are many branches of economics, including the study of central banking, economic theory, businesses, and government data.

The Career Options

If you are considering the economics field, know that it is a very broad industry. The corporate world is a very popular career option for economics majors, but you typically need an MBA degree for this path. If you have excellent analytical and communication skills, you might consider employment with a consulting firm. Governments at every level employ economics professionals for evaluation and management of their operations. With a degree in economics, you can become a researcher, professor, or educator. If you’re looking for a stepping stone to a career in the economics field, consider employment in economic consulting.

The Internship

An internship in the economics field will allow you to collaborate with economists and statisticians. You’ll also learn how to work independently as you study the production and distribution of resources, goods, and services. As in economics intern, you’ll collect and analyze data in order to evaluate economic issues and trends. Expect to learn proficiency in various software programs, including Stata, python, RATS, Mathematica, Oxmetrics, and more.

The Outlook

According to the Bureau of Labor Statistics, the number of economics jobs is expected to grow 6% during the next decade, which is about average.

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