While many people choose to pursue a degree in a general business category, others choose to focus their interest into a specific degree. One of these options is a Business in Economics degree. This degree can be applied to many different positions within the economic, financial, insurance, or consulting areas.
Many schools may have an economics department, school, or at least faculty that specializes in this field. Individuals may earn an associate’s, bachelor’s, or masters degree in this subject or a related area, or may choose to earn their PhD. On average, earning a PhD will take approximately six years.
People in this field can work at the federal, state, or local government, or look for work in the private sector. The private industry involves careers such as scientific research and technical consulting. Those who have a PhD in economics can also look for a job as a professor, instructor, or teacher.
A large majority of people who choose to earn this degree are interested in careers as economists. These professionals are knowledgeable in the social science discipline of economics. They may write about economic policy, work with specific markets, or study philosophical theories. They utilize tools such as statistics, mathematical economics, econometrics, financial economics, mathematical finance, and economics computational models. In order to work as an economist, individuals should have at least a bachelor’s degree for the majority of entry-level positions.
Those who are economists often have a more specialized area of talent. These areas may include international economics, labor economics, econometricians, organizational economics, industrial economics, monetary economics, international economics, or financial economics. In order to participate in any of these areas, individuals must first have full understanding of general economics and how it applies in different areas.
Another common job for those who have this degree is working as an analyst. Individuals who work in this particular position can find jobs as a financial analyst, market analyst, or public policy analyst. A financial analyst will work mostly with those who are making investment decisions. They specialize in reviewing and assessing the impact bonds, stocks, and other related investments will have on businesses and individuals. A market analyst is an expert in specific market trends in local, regional, or national areas. A successful market analyst will be able to predict how a certain product or service will sell in certain areas. A public policy analyst will work towards finding solutions dealing with policy actions.