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Job descriptions: Business economics
The study of business economics is done by specialists who analyze trends and track scarce resources. These resources may include things such as land, labor, raw materials and machinery. Business economists look at how these things fit into the larger economic picture.
What do people in business economics do?
Professionals with economics degrees conduct market research by analyzing data while monitoring economic trends. Many people in business economics specialize in a particular area. However, general knowledge of basic economic principles is usually required. People who earn economics degrees work professionally as:
- accountants
- auditors
- budget analysts
- financial analysts
- personal financial advisors
- insurance underwriters
- loan officers
What can you expect after graduating with an economics degree?
- The marketplace trend is showing favor to those who perform more specialized tasks with titles that reflect the specific duties of the job.
- Job seekers with a background in economics should have good opportunities, although you are also qualified for opportunities in economic-related occupations.
- Candidates who hold degrees in business economics will have the best employment prospects and advancement opportunities over those with merely work experience.
- Quantitative skills are important in all specialties within the economics industry.
What do people in business economics earn?
- Median annual wage and salary earnings of economists held a national average of $72,780.
- The middle 50% earned between $53,650 and $96,240.
- The lowest 10% earned less than $41,040.
- The highest 10% earned more than $129,170.
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