What can you do with an Economics degree?

Almost anything! A career in the field of economics demands a unique way of looking at the world. If you’re constantly thinking about how people respond to incentives and how one action can influence another, you’re already thinking like an economist.

 

Economics is about people.

Why are some countries rich and some countries poor? Why have income and wealth become more unequally distributed over the past few decades? How will an aging population affect life in the coming decades? How will the workforce change with advances in robotics, automation, and artificial intelligence?

Economics often involves topics like wealth, finance, recessions and banking, leading to the misconception that economics is all about money and the stock market. Actually, it’s a much broader discipline that helps us understand historical trends, interpret today’s headlines and make predictions for the coming years.

university of northern iowa business students meeting in loungestudents walking around university of northern iowa campus

 

Economics is the perfect start to your advanced degree.

An economics degree will help you kick-start a career that requires an advanced degree.

Many economics students find success in law school and applied master’s degree programs due to the analytical reasoning, critical thinking and concise writing skills that are required in the economics program at UNI. Our faculty provide one-on-one mentoring to assist you with getting accepted and succeeding at your post-bachelor school of choice.

Some of our graduates have gone on to earn advanced degrees in:

  • Law

  • Healthcare Administration

  • Urban & Regional Planning

  • Business Sustainability


There are three principal career paths available to an economics major in the fields of business, government and academics.

Types of Economists

The Business Economist
The primary role of a Business Economist is to help firms understand and adapt to a changing economic environment. Business Economists interpret and forecast the general economic climate, analyze conditions specific to their firm and aid the firm's operational efficiency.

The Government Economist
The range of jobs for Economists is as broad as the government itself. Government Economists work for agencies in the fields of Agriculture, Business, Banking and Insurance, Finance, Labor, Transportation, Utilities, Urban Economics and International Trade.

The Academic Economist
There are many opportunities for Economics majors to teach at the high school and college levels. At the collegiate level, Ph.D. Economists will continuously be in high demand.

Beyond these paths, Economics majors find work in almost all industries. Economics will teach you how to develop your analytical problem-solving skills that are in demand in every sector of the economy.

 

Economics Career and Salary

Below are some occupations you can receive with an Economics degree:

  • Account Representative

  • Benefits Consultant

  • Attorney

  • Brand Manager

  • Energy Analyst

  • International Tax Manager

  • Legislative Aid

  • Operations Manager

  • Professor

  • Service Manager

  • Underwriter

  • Vice President

Employment of economists is projected to grow 6 percent from 2016 to 2026. In 2017, the national median annual wage for economists was $102,490 per year*, while the average starting pay was $51,000.

 

UNIBusiness offers four emphasis areas in economics based on your interests and future career goals.

An Economics degree from UNIBusiness will teach you how to effectively analyze and predict market activity, economic growth and price fluctuations. With classes like Directed Research in Economics and Law & Economics, our faculty will prepare you for a successful career in the field of economics or post-graduate studies.

 

Applied Economic Analysis

The Applied Economic Analysis emphasis combines economics, mathematics, accounting, information systems and finance. Considering a math major? This emphasis integrates math with economics and business courses, enhancing your career opportunities after graduation.

View Applied Economic Analysis Courses

 

Business Economics

Are you interested in working for a bank, as a stockbroker or at the Federal Reserve Bank? Business Economics will prepare you to use your analytical reasoning, writing and problem-solving skills in the business world.

View Business Economics Courses

 

General Economics

General Economics is the perfect emphasis if you’re goal is to work in the fields of law, public policy, urban planning or other fields.

View General Economics Courses

 

Quantitative Techniques

This emphasis will prepare you to excel in graduate school or as a high-powered consultant.

View Quantitative Techniques Courses

View Economics Minor Courses


Student organization participation is the perfect way to dive deeper into your economics degree.

An important part of the college experience is getting involved in student organizations. UNIBusiness offers 20 student organizations catered to enhancing your business degree.

 

UNI Economics Club logo

 

Econ Club
Open to all majors, the Economics Club hosts a variety of activities throughout the year including, service projects, guest speakers and panel discussions on timely topics. Past trips have included visits to the Federal Reserve Bank of Chicago and the Chicago Board of Trade.

UNI Pre-Law Club logo

Pre-Law Club
The Pre-Law Club is open to all majors and provides many networking opportunities for those interested in pursuing a law degree. Activities include Law School Admissions Test (LSAT) assistance, panel discussions with local attorneys and presentations by law school recruiters.


Learn more

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