A Check On Business Financial Affairs And Educational Possibilities

By Paula Esquivel


To be successful in economics education, you should have high grades in mathematics and the innate ability to memorize and comprehend philosophical theories. Those with quantitative skills, critical thinking skills and a passion for statistics will do well in the economics research industry.

Many a large business check economic indicators and engage in cursory economic analysis and depend on economic forecasts for long range economic planning. Having an eye on the future is essential for the survival of any business.

As such, an economist may create plans to help local government officials or corporations implement plans, or are involved with business checks on capital transfers, monetary policies or global trade issues. Sometimes economists manage staff, employ individuals or assign tasks. Economists may even be called to testify at legislative hearings or regulatory commissions, where their educated opinion is valued. In essence, the academic journey of someone pursing an economics education is full of hard work and tough courses, but with salaries averaging between $50,000 and $200,000, it's ultimately rewarding.

Other jobs for students pursuing economics education at the bachelor's level may include Financial Research Analysts ($85,500), who gather information and determine how a company or individual should spend their money to maximize profits, or Underwriters ($63,200), who assesses new clients for potential risk and insurance liability. Management Consultants ($124,000) provide advice on the strategy, structure and operations of an organization to provide added value and improve performance. Construction Project Managers ($86,000) plan, direct, coordinate and budget the completion of infrastructure projects. Credit Analysts ($46,700) determine the creditworthiness of prospective borrowers. Banking Branch Managers ($58,500) ensure branch profitability goals are met and manage losses. Regional Sales Managers ($104,000) forecast, review inventory, travel, recruit, train and ensure that growth goals are met. These are just a few of the positions that can be secured with just a bachelor's Degree in education economics, although obtaining higher degrees will make an individual more competitive.

The best advice former economics education students can give is "take more mathematics courses." Econometrics courses are the heart and soul of this major, so do not skip over it. "You can pick up the economics as you go along," says one graduate, "but you can't learn the math and still keep up." Learning differential equations, real analysis, advanced calculus and statistics are the key to your success in the higher levels. Attending seminars and pursuing internships outside your economics college will come in handy too, students say.

Real-world experience is the best way to find direction with your new economics degree. Professors encourage students to read as many economics books, order newspaper articles and magazine spreads as you can.

The Economist, Investment Business Daily, Barron's and the Wall Street Journal are must read resources for budding and seasoned economists.

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