Location: Bowdoin / Economics / After Graduation

Economics

"What can I do with an economics major (or minor)?"

Just about anything, thanks to the systematic approach it brings toward analyzing a wide variety of situations. Economics is one of the most versatile and useful majors because it hones your analytic and critical thinking abilities while you learn about the global economy – an international system which results from the aggregation of practical decisions made by households, firms and governments in our nation and abroad.

Arguably the most practical of the liberal arts, economics enables you to logically structure problems of choice – including choice under uncertainty – and to acknowledge the various financial, legal, social and transitory considerations which constrain us. You will learn analytic tools to enable you to solve puzzles and see through common myths while applying these tools to real world, current events found in the newspapers and other media. Your subsequent understanding of the interactions of laws and government policies with personal and business decisions provides a solid foundation for either finding a job or graduate study.

Unlike many disciplines, which require advanced study to land a job in the field, economics prepares you to step into entry positions upon graduation, as well as enabling you to apply for jobs which require either a liberal arts degree or a business-related degree. Economics graduates typically work in one of four areas: business (private sector), government, international or academic/research.

In the private sector, economists prepare forecasts and analyze a variety of economic relationships for their employers in industries such as financial services, insurance, health care and manufacturing, as well as for trade associations, labor unions and non-profit organizations. Economics majors often go into investment banking or consulting for business and government in a variety of areas including management, antitrust, the environment, etc.

The government hires economists to use economics models and national and international economic data to guide current policy at a wide variety of agencies including the Department of Justice (antitrust division), the Federal Trade Commission, the State Department, the Bureau of Labor Statistics, the Department of the Interior, the Environmental Protection Agency, the Food and Drug Administration, the Department of Agriculture, the Department of Commerce (including NOAA, NMFS and the Bureau of the Census), the Federal Reserve System and the Treasury.

International organizations such as the International Monetary Fund, World Bank, European Union, and Organization for Economic Co-Operation and Development employ economists to gather and analyze international data.

Finally, academic and research economists (usually those holding a Ph.D.) teach and/or conduct (and publish) research at colleges, universities, and think tanks around the world. They may be called upon to provide expert testimony to courts or Congress. For those interested in graduate study, an economics degree is well-respected by top graduate programs in business, law, medicine, public policy, and of course, economics. To prepare for the rigor of graduate or professional school, students often choose a major or minor in economics to complement concurrent study in mathematics, government, history, psychology or sociology.

Read more: Preparing for Graduate School in Economics »

Economics Majors - Beyond Bowdoin:

Industry/Position Organization Name
Green House Gas Emissions Reduction AgCert
Professor Columbus School of Law
Financial Analyst Goldman Sachs
Underwriter The Andover Companies
Math Teacher Hyde School
Assistant Buyer May Company
Corporate Legal Assistant Wilkie, Farr, and Gallagher
Environmental Education Teacher Chewonki Foundation
Mutual Fund Custody Accountant Investors Bank and Trust
Advertising Consultant Seneca Advertising
Real Estate Analyst Boston Capital
Risk Analyst M&T Bank
Regional Marketing Associates Putnam Investments
Senior Financial Analyst Fleet Boston Financial
Convertible Bond Trader Barclays Capital
Options Trader TFM Investment Group
Pharmaceutical Research Associate Newport Strategies, Inc
Vice President Duquesne Capital Management
Assistant VP Commercial Lending Enterprise Bank
Consulting Associate Cambridge Associates
Analyst Associate Charles River Associates
Research Assistant Urban Institute
Advertising Consultant Doyle Associates
Analyst Morgan Stanley
Investment Associate Bridgewater Associates
Business Analyst A.T. Kearney
Consumer Marketing Coordinator Ziff Davis Media
Consulting Associate Cambridge Associates
Equity Research Associate Fidelity Investments
Graduate Student, Graphic Design Massachusetts College of Art
Business Analyst Deloitte Consulting
Project Manager Jan Krukowski and Co.
Management Training Program Fleet Bank
Consulting Associate Cambridge Associates
Commercial Real Estate Broker Newport Strategies, Inc
Research Associate Federal Reserve Bank of Boston
Research Associate The John Hopkins School of Public Health