“Economics is a study of mankind in the ordinary business of life.”
According to the UAB, Economic majors have a variety of employment opportunities in industry, commerce, or public administration. economists should encounter favorable job prospects in manufacturing, financial services, advertising agencies, research organizations, and consulting firms. The continued need for economic analysts, health service administrators, urban and regional planners and environmental scientists, also increases the number of job opportunities for economists. With increased reliance on quantitative methods of analyzing business trends, forecasting sales, and planning purchasing and production, employers will seek economists trained in econometrics and statistics.
What You Can Do With An Economics Degree:
Economists in Business – Business firms (banks and other financial institutions included) employ economists to undertake specialized economic analysis in evaluating their market positions and profit possibilities, the federal government’s domestic economic policies that have important implications for their businesses, and international economic events that affect the operations of their firms.
Individuals in Government – Economists collect and analyze data and prepare studies used to assess economic conditions and the need for changes in government policy. At the federal level, they help to prepare national economic policy and advise regulatory agencies. They often serve on staff to congressional committees or in congressional offices. At the state and local level, economists analyze the economic impact of compliance with policies and federal regulations.
Graduate Education in Economics and Business – Students who pursue a graduate degree will learn that their undergraduate training at UAB provides an excellent background.
Law – Most law schools consider an economics degree the most appropriate preparation for studying law, because economics students are trained to think logically orderly and critically. Economics study is fundamental in legal practice because economic regulations can be legally complex, and many legal issues and law suits involve questions of economics.
M.B.A. – A large percentage of students admitted to the leading graduate schools in business administration have undergraduate degrees in economics. The undergraduate program at UAB provides solid training in quantitative techniques. This course work gives a competitive advantage to students who plan to attend a quantitatively oriented graduate business school.