What Can I Do With an Economics Degree

What can I do with an economics degree?

Graduates with economics degrees get hired in a wide range of fields, or any field that a general business degree might aspire to but with a different and more highly rewarded skill set (see salary information for economics graduates). Perennial fields for economics graduates include banking, insurance, consulting and government, but the opportunities are wide ranging and links that offer a more comprehensive listing are below.

Earnings

Income potential for the major you select is important. Something a graduate in economics will know is that consumption is based on disposable income and we want to maximize utility, or happiness (which is a function of income), over our lifetimes. Luckily, starting salaries for economics majors are very competitive and among the highest across all collegiate majors. Up-to-date information about average starting salaries is available from the American Economic Association here: http://www.aeaweb.org/students/Careers.php.

Famous Economics Majors

If the "Why Study Economics?" webpage hasn't sold you, then maybe this will: These rich and famous people chose the economics discipline to study.

While majoring in economics does not guarantee you the same success, it doesn't hurt to be in good company.

Name, Career (Alma Mater)

  • Alex Keaton, TV sitcom character (the mythical Leland College)
  • Barbara Boxer, US Senator (Brooklyn College)
  • Ben Stein, Actor/political speechwriter (Columbia University)
  • Bernie Kosar, NFL quarterback (University of Miami)
  • Bill Belichick, NFL Head Coach--Patriots (Wesleyan University)
  • Billy Kidd, Professional Skier (University of Colorado)
  • Billy Packer, Sports Broadcaster (Wake Forest)
  • Bob Barker, TV Game Show host (Drury College)
  • Brendan Morrison, NHL player (University of Michigan)
  • Cate Blanchett, Actress (Melbourne University)
  • Danny Glover, Actor (University of San Francisco)
  • Donald Trump, Real Estate/TV Mogul (University of Pennsylvania--Wharton)
  • Gene Kelly, Actor/Dancer (University of Pittsburgh)
  • George H. W. Bush, Former US President (Yale)
  • George Wendt, Actor (Rockhurst College)
  • Gerald Ford, Former US President (University of Michigan)
  • John Elway, NFL quarterback (Stanford)
  • Kofi Annan, Secretary General of the United Nations (Macalester College)
  • Lionel Richie, Singer/Songwriter (Tuskegee University)
  • Mario Van Peebles, Actor/Director (Columbia)
  • Meg Whitman, CEO, Ebay Technologies (Princeton)
  • Merlin Olson, Actor/Former NFL player (Utah State University)
  • Mick Jagger, Singer, the Rolling Stones (London School of Economics)
  • Mike Mussina, MLB Pitcher (Stanford)
  • Paul Newman, Actor (Kenyon College)
  • Phil Gramm, US Senator (University of Georgia, PhD)
  • Ray Manzarek, Musician, The Doors (DePaul University)
  • Ronald Reagan, Former US President (Eureka College)
  • Sadie Tanner Mossell Alexander, First African American woman to be awarded a Ph.D. in the United States (University of Pennsylvania).
  • Sandra Day-O'Connor, US Supreme Court Justice (Stanford)
  • Scott Adams, Cartoonist, creator of Dilbert (Hartwick College)
  • Stephen Harper, Prime Minister of Canada (University of Calgary)
  • Steve Ballmer, CEO, Microsoft (Harvard)
  • Ted Turner, CNN, Atlanta Braves/Hawks (Brown)