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Economics

Decode how the world works through data, models, and policy

Why Economics?

Economics is the Swiss Army knife of business degrees. It develops rigorous analytical thinking applicable to consulting, policy, tech, and finance. Economics majors are among the highest-paid liberal arts graduates and are heavily recruited by top consulting firms and tech companies for their quantitative reasoning.

A Day in the Life

An economist at a think tank might spend mornings analyzing datasets in Stata or Python, writing policy briefs after lunch, and presenting findings to stakeholders. A quant researcher at a hedge fund runs statistical models and backtests trading strategies. Consultants at McKinsey use economic frameworks to solve complex business problems across industries.

Users Matched
298
Avg Fit Score
74.1%
Salary Range
$60,000 - $110,000+
Internships
8

Salary Progression by Role

Job Growth Projection (2024-2034)

Top States by Demand
Open positions by state
1. Washington DC15,000 openings
2. New York12,000 openings
3. California11,000 openings
4. Massachusetts8,000 openings
5. Texas7,500 openings

Strongest Dimensions for This Major

#1

Analytical

Avg: 4.4/5.0

#2

Quantitative

Avg: 4.1/5.0

#3

Strategic Vision

Avg: 4/5.0

Economics Knowledge Quiz

Test Your Economics Knowledge

6 questions covering core concepts, terminology, and real-world applications in economics.

Top Employers for Economics

Central Banking & Research
Federal Reserve
The US central bank system. Research economists analyze monetary policy, financial stability, and regional economic conditions.
Washington, DC (Board) / Regional Banks$65,000 - $95,000
Entry-Level Roles
Research AssistantJunior EconomistData Analyst
Management Consulting
McKinsey & Company
The world's most prestigious consulting firm. Economics backgrounds are highly valued for their analytical rigor.
New York, NY$100,000 - $125,000 + bonus
Entry-Level Roles
Business AnalystJunior Associate
Quantitative Finance
Citadel
Leading hedge fund and market maker. Quantitative researchers build models to generate alpha and manage risk.
Chicago, IL$120,000 - $200,000+
Entry-Level Roles
Quantitative Research AnalystInvestment Analyst
Policy Research
Brookings Institution
Top-ranked US think tank conducting independent research on public policy issues globally.
Washington, DC$55,000 - $75,000
Entry-Level Roles
Research AssistantPolicy Analyst
International Development
World Bank
International financial institution providing loans and grants for development. Economists work on poverty reduction and growth.
Washington, DC$70,000 - $100,000 (tax-free)
Entry-Level Roles
Young ProfessionalResearch AnalystJunior Professional Associate

Key Skills to Develop

StatisticsExcelEconomic ModelingWritingCritical Thinking

Internships & Opportunities (8)

InternshipStipend
Policy Research Intern
Texas Policy Foundation

Research economic policy impacts and contribute to published reports.

Austin, TX Hybrid GPA 3.3+
ResearchStipend
Research Assistant
University of Texas Economics Dept.

Assist professors with data collection and econometric analysis.

Austin, TX In-person GPA 3.5+
InternshipPaid
Think Tank Research Fellow
Brookings Institution

Conduct economic research and contribute to policy briefs on key national issues.

Washington, DC Hybrid GPA 3.5+
InternshipPaid
Federal Reserve Intern
Federal Reserve Bank of Dallas

Support economic research and data analysis in regional banking.

Dallas, TX In-person GPA 3.3+
VolunteerUnpaid
Econ Research Volunteer
University Research Labs

Assist graduate students with data coding and literature reviews.

Your University In-person GPA 3.0+
InternshipPaid
Economic Consulting Intern
Analysis Group

Apply economic analysis to litigation and antitrust cases for expert witnesses.

Boston, MA Hybrid GPA 3.4+
InternshipPaid
Data Economics Intern
Zillow

Analyze housing market data and build predictive pricing models.

Seattle, WA Hybrid GPA 3.0+
CompetitionUnpaid
Fed Challenge Competition
Federal Reserve

Compete in the College Fed Challenge by presenting monetary policy recommendations.

Regional In-person

Recommended College Programs (10)

Best in Texas
Texas A&M University
College Station, TX

Mays Business School with strong alumni network and career placement.

$12,000/yr (in-state)Median: $62,000
Best in Texas
Rice University
Houston, TX

Jones Graduate School and strong undergraduate business minor. Top ROI in Texas.

$54,000/yrMedian: $75,000
Best ROI
Georgia Institute of Technology
Atlanta, GA

Scheller College combines tech and business for exceptional ROI.

$14,000/yr (in-state)Median: $72,000
Best ROI
University of Virginia
Charlottesville, VA

McIntire School of Commerce with elite undergraduate business education.

$19,000/yr (in-state)Median: $73,000
Top Prestige
University of Pennsylvania
Philadelphia, PA

Wharton School - the gold standard in undergraduate business education.

$63,000/yrMedian: $85,000
Top Prestige
New York University
New York, NY

Stern School of Business in the heart of Wall Street.

$58,000/yrMedian: $78,000
Top Prestige
UC Berkeley
Berkeley, CA

Haas School of Business with a focus on innovation and social impact.

$14,000/yr (in-state)Median: $78,000
Top Prestige
Georgetown University
Washington, DC

McDonough School of Business with unparalleled access to policy and government.

$60,000/yrMedian: $72,000
Transfer Route
Austin Community College
Austin, TX

Strong transfer pathway to UT Austin with guaranteed admission tracks.

$3,000/yr (in-district)
Transfer Route
San Antonio College
San Antonio, TX

Part of Alamo Colleges with transfer pathways to UTSA, Texas State, and Texas A&M.

$2,600/yr (in-district)

Ready to explore more pathways?

Take the full 30-question Major Match Quiz to see how you fit across all 8 business majors.

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