How can we combat the problems of the economy going into the next decade, whether it's scarcity of employment, of budget capital or of energy? The Business Economics major has the innate ability to look at a pool of data and know what is to be done. These individuals are adept in business, politics, math, accounting and statistics. They work with the federal government, local governments, private firms, banks, hospitals, the stock market and a host of other fields. For people who want a secure, well-paying job, management economics is a wise field to choose.
Students should have a good understanding of math, politics and business. People often choose this major because they want a good job, they want to make a lot of money, they want to be a manager or CPA, they want to have a secure job or they want to get into a good graduate school.
When choosing classes from a school's department of Economics, the best advice is to take more math courses! It can be easy to fall behind in your studies if you aren't crystal clear on the statistics, calculus and mathematical concepts. When you were trying to get your bachelor's degree in economics, you were likely scanning the course options for "easy electives" and ways of pulling your GPA up. However, graduate schools care most about what hard classes you've taken and how well you did in them, rather than your GPA as a whole. Be sure you take real analysis, calculus and econometrics, as these classes will be vital to your understanding.
Many Business Economics majors go onto law school. Economics research shows that the economics majors consistently scored highest on the LSAT throughout the nineties. This is important because for every point scored on the LSAT, grads earn an additional $2,600 in salary their first year out of law school. Additionally, a 1998 Wall Street Journal article quoted UC-Berkeley admissions officer Edward Tom as saying, "Of all the majors, economics ranks in the top four or five consistently year after year for both applicants and offers made."
The average starting salary for economists is $38,000 for a bachelor's degree, $48,000 for a master's and $70,000 for a PhD, according to a 2002 National Association of Business Economics survey. The median income for the economics major is higher than any other major, experts say. Economics research also suggests that economics majors earn 20% more than business administration majors, 19% more than accounting majors, 18% more than marketing majors and 15% more than finance majors. When a potential employer sees this major on a resume, he or she immediately understands that you have a solid foundation of math, politics, business and economic theory. Your degree also shows that you have the capacity to process complex subjects and problem solve, which is valuable in any field.
Individuals with a degree in Business Economics have been recruited by employers like the California State Controller's Office, Cerner Healthcare Information Technology, Coca-Cola, Consolidated Graphics, Deloitte Services LP, Edward Jones, Enterprise Rent-A-Car, Ernst & Young LLP, General Mills, Inc., Insight, JPMorgan Chase & Co., Liberty Mutual Insurance Group (MA), Medix Staffing Solutions, PetSmart, Raytheon, Sherwin-Williams, Travelers Insurance and Wells Fargo Financial. The economics field is expected to grow 7% by 2016, adding another 16,000 workers. People with bachelor's degrees can get almost any entry-level job in business. Master's degree holders generally compete for sales and management trainee positions. Those who hold PhD degrees often go on to teach or become top market analysts in their fields.
A department of Economics is rather rigorous, compared to other areas. Many individuals start off seeking a degree in economics, only to switch to business, finance or an easier degree. The best way to keep ahead is to take as much as you can; hard math, too. Keep reading economics books and publications like The Economist or the Wall Street Journal.
NYU, Lake Forest College, Saint Benedict's, the University of Cincinnati and the University of Vermont also offer adjunct/part-time positions. Internationally, there are positions in Australia, South Korea, Germany and the UK. You'll need to contact the department of Economics of these offers through the JOE website.
Students should have a good understanding of math, politics and business. People often choose this major because they want a good job, they want to make a lot of money, they want to be a manager or CPA, they want to have a secure job or they want to get into a good graduate school.
When choosing classes from a school's department of Economics, the best advice is to take more math courses! It can be easy to fall behind in your studies if you aren't crystal clear on the statistics, calculus and mathematical concepts. When you were trying to get your bachelor's degree in economics, you were likely scanning the course options for "easy electives" and ways of pulling your GPA up. However, graduate schools care most about what hard classes you've taken and how well you did in them, rather than your GPA as a whole. Be sure you take real analysis, calculus and econometrics, as these classes will be vital to your understanding.
Many Business Economics majors go onto law school. Economics research shows that the economics majors consistently scored highest on the LSAT throughout the nineties. This is important because for every point scored on the LSAT, grads earn an additional $2,600 in salary their first year out of law school. Additionally, a 1998 Wall Street Journal article quoted UC-Berkeley admissions officer Edward Tom as saying, "Of all the majors, economics ranks in the top four or five consistently year after year for both applicants and offers made."
The average starting salary for economists is $38,000 for a bachelor's degree, $48,000 for a master's and $70,000 for a PhD, according to a 2002 National Association of Business Economics survey. The median income for the economics major is higher than any other major, experts say. Economics research also suggests that economics majors earn 20% more than business administration majors, 19% more than accounting majors, 18% more than marketing majors and 15% more than finance majors. When a potential employer sees this major on a resume, he or she immediately understands that you have a solid foundation of math, politics, business and economic theory. Your degree also shows that you have the capacity to process complex subjects and problem solve, which is valuable in any field.
Individuals with a degree in Business Economics have been recruited by employers like the California State Controller's Office, Cerner Healthcare Information Technology, Coca-Cola, Consolidated Graphics, Deloitte Services LP, Edward Jones, Enterprise Rent-A-Car, Ernst & Young LLP, General Mills, Inc., Insight, JPMorgan Chase & Co., Liberty Mutual Insurance Group (MA), Medix Staffing Solutions, PetSmart, Raytheon, Sherwin-Williams, Travelers Insurance and Wells Fargo Financial. The economics field is expected to grow 7% by 2016, adding another 16,000 workers. People with bachelor's degrees can get almost any entry-level job in business. Master's degree holders generally compete for sales and management trainee positions. Those who hold PhD degrees often go on to teach or become top market analysts in their fields.
A department of Economics is rather rigorous, compared to other areas. Many individuals start off seeking a degree in economics, only to switch to business, finance or an easier degree. The best way to keep ahead is to take as much as you can; hard math, too. Keep reading economics books and publications like The Economist or the Wall Street Journal.
NYU, Lake Forest College, Saint Benedict's, the University of Cincinnati and the University of Vermont also offer adjunct/part-time positions. Internationally, there are positions in Australia, South Korea, Germany and the UK. You'll need to contact the department of Economics of these offers through the JOE website.
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