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Department of Economics


High Returns to Econ Degree

If money is your goal, Tony Carnevale, the director of Georgetown University’s Center on Education and the Workforce, will tell you that a certain group of majors provide a bigger return on investment over a lifetime. The Georgetown center has found in its research that of the twenty-five highest-paying majors, all but two (economics and business economics) are in STEM fields.

Careers and Salaries for Graduates(opens in new window)

Career Planning

Analytical skills, a strong quantitative background, and clarity and precision of expression are qualities developed in the economics major. Additionally, knowledge of the operations of a complex economic system and its institutions provides skills applicable to a wide variety of job responsibilities in a number of occupational areas.

The skills listed below are representative of those acquired from the study of economics, and may be applied in various occupations. For example, an investment banker, a technical writer, and an urban planner might use analytical thinking skills on a daily basis, although for different purposes.

For more information, check out the Bureau of Labor Statistics Report on the Economics Profession.(opens in new window)

  • Financial
    • Maintaining accurate records
    • Tabulating figures
    • Manipulating numerical data
    • Developing budgets
    • Performing cost/benefit analyses
    • Creating and evaluating financial reports
  • Research/Analysis
    • Designing projects
    • Generating/developing ideas
    • Organizing materials
    • Computing data
    • Analyzing results
    • Testing an idea/hypotheses
    • Using computers
    • Applying statistical methods
  • Communication
    • Writing reports/articles
    • Summarizing
    • Writing proposals
    • Justifying a position
    • Reading and interpreting reports
    • Speaking persuasively
    • Explaining ideas/goals
  • Problem Solving
    • Assessing needs
    • Defining problems
    • Reviewing/evaluating goals
    • Relating theory to practice
    • Projecting/forecasting results
    • Applying quantitative analysis
    • Generating solutions
    • Evaluating policies

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