Do you have a passion for profit generation and are manic about making money? Do you have a bent toward refining research and raw data into final figures that impact business' bottom lines? If you enjoy following financial trends and predicting market directions and seek a platform upon which to practice these propensities, academic training in Economics may be what you need.
Take a momentary break from your furious figuring and abstract analyses. We are about to embark upon some very concrete study that can help cement your career firmly in place. Class is now in session to explore the vast array of occupational options open to those who earn an online economics degree.
Professional lives of economists
Economists evaluate market activity, consumer behavior, and economic patterns. In so doing, they must develop proper research methodologies such as mathematical models and accurate survey sampling. This insures research validity and compilation efficiency.
Ultimately, this information is used to prepare projections on economic issues such as inflation, interest rates, consumer behavior, employment, and taxes. Economists must know how to present the information they collect and analyze so that the average person can comprehend it.
Economic sub-specialties
When making your choice of an online economics degree program, be aware that Economics study features many subspecialties. A few of these are:
Microeconomics - the study of specific market segments and consumer consumption patterns. Data analyses pertaining to maximizing profits and projecting likely consumption levels of specific goods or services are commonly performed.
Industrial and organizational economics - studies particular industries' market structures such as competitor density and examines competitor decisions.
Macroeconomics - the study of entire economic systems to project future trends such as investment, employment, inflation, and overall economic growth.
Public finance economics - primarily concerned with governmental roles in economies and the impact of taxes, budget deficits, and public benefits policies.
Who employs economists?
Firms that specialize in consulting, research firms, and large corporations commonly employ economists. Consulting firm economists perform a large portion of the macroeconomic projections throughout the entire nation. Major news media and financial journals often report their findings.
The Federal Government is another large employer of economists. Government financial experts frequently advise agencies and lawmakers about the probable economic effects of proposed policies and legislation. Specific examples of this include analyzing likely impacts of tax cuts on the Federal budgetary deficit, or changes to the Social Security program.
Economic rewards of an Economics career
According to Uncle Sam's number crunchers at the Bureau of Labor Statistics, the median salary for economists nationwide was $83,590.00 as of May 2008. As of March 2009, economists employed by the Federal government earned an average annual salary of $108,010.00.
Related occupations
By obtaining an online economics degree, you become qualified for a broad range of related careers that involve many of the same practical skills and theoretical knowledge of economists. Some of the most popular paths pursued by Economics majors are:
Accountants and auditors
Actuaries
Budget analysts
Cost estimators
Financial analysts
Financial managers
Insurance underwriters
Loan officers
Management analysts
Market and survey researchers
Mathematicians
Personal financial advisors
Purchasing agents, buyers, and managers
Statisticians
Typically, Economics degrees at the bachelor's level are sufficient for entry-level positions. Uncle Sam generally requires those seeking entry-level economist positions in his employ to have at least 21 academic credit hours of Economics and three credit hours in Accounting, Calculus, or Statistics. He might waive the latter requirement for those with sufficient prior work experience.
For academic positions in community colleges, a master's degree in Economics is the minimum educational achievement necessary. In most major universities and colleges, a Ph.D. in Economics or a related field is the sine qua non. For full professorship with tenure and promotion potential into administrative Academia, extensive publication in professional or academic journals is also requisite.
Despite common perceptions, an Economics career need not be dry, dull, or boring. Discovering hidden financial patterns is fascinating, interesting, and intriguing. The chance to take part in affecting major governmental, organizational, and institutional policies that positively impact millions is exciting and its own reward. If you possess the needed qualities and analytical aptitude, begin your evaluations and data compiling about quality online economics degree programs today. Class is now over.
Article Source: http://EzineArticles.com/6097847
http://www.mycollegesandcareers.com/
Wednesday, February 15, 2012
Tuesday, February 14, 2012
Career Possibilities With an Economics Degree Online
If you've ever been interested in how the economy works, supply and demand, or the international trade market, then you will probably enjoy a career in economics. Without having to sacrifice your job or family time, you could earn your economics degree online in many areas.
Online education offers an innovative and flexible way of earning an economics degree online, while still giving you a quality education. The Bureau of Labor Statistics points out that people with higher degrees in economics and with related degrees such as business will probably have the best job prospects in the next 10 years.
An economist is someone who understands how markets work, can predict fluctuations, collect and analyze data and apply them to different sectors of society, such as health or education. It is generally acknowledged that a higher degree in economics, say a masters or PhD, is generally preferred in the private industry.
Those with a bachelor degree can expect entry-level jobs in government-owned sectors. Most times, people with a bachelor degree still attend school for a more advanced degree in order to climb into the management positions.
Different Specialty Careers Include:
Microeconomists
Microeconomists are the people who study the supply and demand side of the economy from a household level. The study and understanding of these factors will determine the prices of goods and services. Not only that, microeconomists also look at the delicate allocation of important resources amongst a population and how it will in turn affect the economy.
Industrial economists
An industrial economist concentrates on one industry, whether it be automobile, energy or something like lumber. They take into account many factors in their projection reports, such as competitors and how the best utilize any diminishing resource. They are knowledgeable about policies and laws that affect their particular industry as well.
Financial economists
The name itself is an indicator to what these men and women do. A financial economist is dedicated to studying and understanding money and its effect on banks, lenders and other financial institutions. Their research can help determine how much money is made and dispersed relative to many different factors, such as risk and time.
International economists
International economists closely monitor the value of their dollar in comparison to other currencies. They pay close attention to pending policies, old policies, tariff laws, and changing political climates which in turn affect the exchange rates. These men and women are well versed overall, but might have a particular specialty or industry, and work closely as a team to give a full financial report. International travel and/or employment is common for this career.
Labor and demographic economists
A labor economist mainly studies the constant fluctuation of the labor force. They evaluate many factors, such as demographics, education level, market demand and the corresponding high or lows in unemployment. A demographic economist is someone who studies the different race and ethnicity categories within a society. They survey and compile important data about education levels, employment, discrimination and other data.
Article Source: http://EzineArticles.com/5680338
http://www.business-school-online.com/Programs/default.aspx
Online education offers an innovative and flexible way of earning an economics degree online, while still giving you a quality education. The Bureau of Labor Statistics points out that people with higher degrees in economics and with related degrees such as business will probably have the best job prospects in the next 10 years.
An economist is someone who understands how markets work, can predict fluctuations, collect and analyze data and apply them to different sectors of society, such as health or education. It is generally acknowledged that a higher degree in economics, say a masters or PhD, is generally preferred in the private industry.
Those with a bachelor degree can expect entry-level jobs in government-owned sectors. Most times, people with a bachelor degree still attend school for a more advanced degree in order to climb into the management positions.
Different Specialty Careers Include:
Microeconomists
Microeconomists are the people who study the supply and demand side of the economy from a household level. The study and understanding of these factors will determine the prices of goods and services. Not only that, microeconomists also look at the delicate allocation of important resources amongst a population and how it will in turn affect the economy.
Industrial economists
An industrial economist concentrates on one industry, whether it be automobile, energy or something like lumber. They take into account many factors in their projection reports, such as competitors and how the best utilize any diminishing resource. They are knowledgeable about policies and laws that affect their particular industry as well.
Financial economists
The name itself is an indicator to what these men and women do. A financial economist is dedicated to studying and understanding money and its effect on banks, lenders and other financial institutions. Their research can help determine how much money is made and dispersed relative to many different factors, such as risk and time.
International economists
International economists closely monitor the value of their dollar in comparison to other currencies. They pay close attention to pending policies, old policies, tariff laws, and changing political climates which in turn affect the exchange rates. These men and women are well versed overall, but might have a particular specialty or industry, and work closely as a team to give a full financial report. International travel and/or employment is common for this career.
Labor and demographic economists
A labor economist mainly studies the constant fluctuation of the labor force. They evaluate many factors, such as demographics, education level, market demand and the corresponding high or lows in unemployment. A demographic economist is someone who studies the different race and ethnicity categories within a society. They survey and compile important data about education levels, employment, discrimination and other data.
Article Source: http://EzineArticles.com/5680338
http://www.business-school-online.com/Programs/default.aspx
Online Economics Degree - The Job Opportunities It Opens Up
If you are interested in the way people choose to use certain resources in order to produce various goods as well as services, then the best program to take is an online economics degree. The work of an economist varies depending on the sector he is working on.
Generally, they are into research and into the analysis of economics. They can work in finance and government organizations as well as in academics. They conduct research on certain issues like energy costs, employment levels, business cycles, inflation, exchange rates, taxes and interest rates.
Economists are trained to think critically and analytically in order to solve complex problems. It is for this reason that universities and institutions offering an online Economics degree program aim to prepare their students for high paying positions either in government or business sectors.
Matter of fact, after receiving education and training from an accredited online school, you can land in a job in various facets of the business world such as in mining, insurance, banking, retailing and manufacturing.
For those who want to enter into a master's degree program in Business Administration, an Economics degree is one of the best majors to consider. This is because an economics degree can help you develop certain skills which business schools are looking for. Furthermore, a degree in Economics is considered as one of the most ideal preparations for law school.
A career in economics has gone a long way throughout the years. These days, at a time of economic globalization, small to large firms continuously hire economists. Most large firms have large divisions that are dedicated for economic research. For smaller firms, they hire economists for planning, forecasting and finance.
An online Economics degree has become a global phenomenon with its rising popularity. Many people now see economics as the most suitable field in finding a promising career with good pay and security. You can even specialize in certain areas of economics. This includes industrial economics, financial economics, labor economics, international economics, public finance economics and from microeconomics to macroeconomics.
Industrial economics deal with the study of economics on specific industries while looking at the number of monopolies, competitors as well as market decisions of firms. Financial economics is the study of changing interest rates. International economics also look into exchange rates but they also study international markets and tariffs.
Labor economics focus on the determination of wages as well as the demand & supply of labor. When it comes to public finance, it is the study of how the government affects the economy such as with budget deficits, tax cuts and welfare policies. As for microeconomics and macroeconomics; microeconomics deals with the supply & demand for firms and individuals while macroeconomics focus on history trends which are for forecasting future inflation, unemployment and various other economic trends.
An online Economics degree can provide you with the knowledge as well as the training that can help you succeed in various related fields. It is different from online finance degree programs because it primarily focuses on monetary resources. This means, an economics degree program is more focused on diverse resources like land, labor, raw materials and machinery. When you graduate, the coursework narrows down to specific areas of economics.
With a bachelor's degree, you can land in entry level positions such as administrative, sales and research assistant positions for consulting firms, research organizations or government sectors. However, with a master's degree, you can qualify for administrative and research positions.
For higher economics positions, you would need a PhD. Thus, the career training would involve econometrics, computer science, macroeconomics, history of economic thought, microeconomics, statistics, sampling theory and survey design as well as mathematics & statistics.
The thing is - with a background in economics, there are more job opportunities. Economists with bachelor degrees are paid $36,000++ per year as a starting rate. Those with master's degrees usually get paid around $44,000++ annually as a starting offer while PhD's are mostly offered with $53,000++ a year.
If you don't get a job in scientific, management and even technical consulting services after graduating from an online Economics degree program, there are other options such as being a financial analyst, market analyst, purchasing manager or public policy consultant. Then again, with a specialized knowledge in any secondary area you will most likely get the best career opportunities.
Article Source: http://EzineArticles.com/5129881
http://www.distancelearningdegrees.org/online-economics-degree.html
Generally, they are into research and into the analysis of economics. They can work in finance and government organizations as well as in academics. They conduct research on certain issues like energy costs, employment levels, business cycles, inflation, exchange rates, taxes and interest rates.
Economists are trained to think critically and analytically in order to solve complex problems. It is for this reason that universities and institutions offering an online Economics degree program aim to prepare their students for high paying positions either in government or business sectors.
Matter of fact, after receiving education and training from an accredited online school, you can land in a job in various facets of the business world such as in mining, insurance, banking, retailing and manufacturing.
For those who want to enter into a master's degree program in Business Administration, an Economics degree is one of the best majors to consider. This is because an economics degree can help you develop certain skills which business schools are looking for. Furthermore, a degree in Economics is considered as one of the most ideal preparations for law school.
A career in economics has gone a long way throughout the years. These days, at a time of economic globalization, small to large firms continuously hire economists. Most large firms have large divisions that are dedicated for economic research. For smaller firms, they hire economists for planning, forecasting and finance.
An online Economics degree has become a global phenomenon with its rising popularity. Many people now see economics as the most suitable field in finding a promising career with good pay and security. You can even specialize in certain areas of economics. This includes industrial economics, financial economics, labor economics, international economics, public finance economics and from microeconomics to macroeconomics.
Industrial economics deal with the study of economics on specific industries while looking at the number of monopolies, competitors as well as market decisions of firms. Financial economics is the study of changing interest rates. International economics also look into exchange rates but they also study international markets and tariffs.
Labor economics focus on the determination of wages as well as the demand & supply of labor. When it comes to public finance, it is the study of how the government affects the economy such as with budget deficits, tax cuts and welfare policies. As for microeconomics and macroeconomics; microeconomics deals with the supply & demand for firms and individuals while macroeconomics focus on history trends which are for forecasting future inflation, unemployment and various other economic trends.
An online Economics degree can provide you with the knowledge as well as the training that can help you succeed in various related fields. It is different from online finance degree programs because it primarily focuses on monetary resources. This means, an economics degree program is more focused on diverse resources like land, labor, raw materials and machinery. When you graduate, the coursework narrows down to specific areas of economics.
With a bachelor's degree, you can land in entry level positions such as administrative, sales and research assistant positions for consulting firms, research organizations or government sectors. However, with a master's degree, you can qualify for administrative and research positions.
For higher economics positions, you would need a PhD. Thus, the career training would involve econometrics, computer science, macroeconomics, history of economic thought, microeconomics, statistics, sampling theory and survey design as well as mathematics & statistics.
The thing is - with a background in economics, there are more job opportunities. Economists with bachelor degrees are paid $36,000++ per year as a starting rate. Those with master's degrees usually get paid around $44,000++ annually as a starting offer while PhD's are mostly offered with $53,000++ a year.
If you don't get a job in scientific, management and even technical consulting services after graduating from an online Economics degree program, there are other options such as being a financial analyst, market analyst, purchasing manager or public policy consultant. Then again, with a specialized knowledge in any secondary area you will most likely get the best career opportunities.
Article Source: http://EzineArticles.com/5129881
http://www.distancelearningdegrees.org/online-economics-degree.html
Monday, February 13, 2012
Consider A Career In Economics And Finance
The state of the economies all over the world is very unstable, and most people do not have stable jobs. The majority of the world's businesses have been forced to lay off at least part of their work staff, while many have been forced to declare bankruptcy and shut down completely.
This is not specific to any one country, but is a condition that is prevalent all over the world. The fact that conditions are bad has resulted in their being a hike in the demand for management professionals who understand finance.
This is known to be the most popular field of study and specialization, in universities all over the world. Businesses that are in trouble, are actively hiring more than one resource to help plan the proper and safe use of money. Accountants and credit-planning professionals are in high demand all over the world, and many people have begun to take courses for such certifications.
The main essence of this field of study requires a sound knowledge, when it comes to numbers and money. The job requires expert knowledge of how to invest money, and how to get maximum benefit from other assets owned by an individual or a business.
This is a very high profile job and one that is not to be taken lightly. The nature of this business involves being responsible for handling the finances of other people. There are many legal aspects and risks involved as well.
A person should always make sure that they are fully equipped and ready to handle the responsibilities which come along with such a job. Lack of certification and skill could result in a person causing more loss than gain and ultimately ending up in a lot of trouble with the law.
When looking into starting a career in this field, it is wise that you draw up contracts which safeguard you from unnecessary risks and dangers. This means stating terms and conditions, under which you are not personally to be held accountable or liable for losses.
Most companies that hire financial management professionals usually do not include such clauses in their contracts. Therefore, it is important to read the contract terms carefully and get such clauses included.
This will help you stay out of trouble if by any chance; the company or business does end up in a greater loss than anticipated. Managing the finances of another party is a tricky business and caution is advised at all times.
Article Source: http://EzineArticles.com/6643761
http://www.moneysmart.co.za/
This is not specific to any one country, but is a condition that is prevalent all over the world. The fact that conditions are bad has resulted in their being a hike in the demand for management professionals who understand finance.
This is known to be the most popular field of study and specialization, in universities all over the world. Businesses that are in trouble, are actively hiring more than one resource to help plan the proper and safe use of money. Accountants and credit-planning professionals are in high demand all over the world, and many people have begun to take courses for such certifications.
The main essence of this field of study requires a sound knowledge, when it comes to numbers and money. The job requires expert knowledge of how to invest money, and how to get maximum benefit from other assets owned by an individual or a business.
This is a very high profile job and one that is not to be taken lightly. The nature of this business involves being responsible for handling the finances of other people. There are many legal aspects and risks involved as well.
A person should always make sure that they are fully equipped and ready to handle the responsibilities which come along with such a job. Lack of certification and skill could result in a person causing more loss than gain and ultimately ending up in a lot of trouble with the law.
When looking into starting a career in this field, it is wise that you draw up contracts which safeguard you from unnecessary risks and dangers. This means stating terms and conditions, under which you are not personally to be held accountable or liable for losses.
Most companies that hire financial management professionals usually do not include such clauses in their contracts. Therefore, it is important to read the contract terms carefully and get such clauses included.
This will help you stay out of trouble if by any chance; the company or business does end up in a greater loss than anticipated. Managing the finances of another party is a tricky business and caution is advised at all times.
Article Source: http://EzineArticles.com/6643761
http://www.moneysmart.co.za/
Analyze a Career in Economics
Economists, as defined by the Labor Department, study how society distributes scarce resources such as land, labor, raw materials, and machinery to produce goods and services. They conduct research, collect and analyze data, monitor economic trends, and develop forecasts.
The Work:
Economists conduct research and prepare data for analysis. They research issues such as inflation, interest rates, and employment levels to come up with data that can be processed to forecast economic change in the future.
They prepare their reports by using charts and graphs or tables to illustrate the results of their research. There are many specific areas for work as an economist such as being an organizational economist, industrial economist, labor economist or monetary economist to name a few.
Training:
To become and economist, you will need to earn at least a bachelors degree in economics. Many private sector companies require a master's degree or Ph. D. in economics from their employees however. A bachelor's degree in economics will cover topics such as macro and microeconomics as well as statistics and math.
Finance, accounting, public relations, public policy and information technology will also be covered in your degree program. To become and economist, you will need to skills in organization, pay keen attention to details, and have patience and persistence. Those with a graduate degree in economics will generally specialize in a specific area of the industry.
Outlook:
An economics degree can provide you an opportunity to work in a variety of professional organizations. A number of economists work in the public sector and help government simplify their operations. Up to 58 % of economists work in this capacity.
Depending on your field, expertise, and industry, salaries can vary greatly. Economists in major metropolitan areas average a salary of $78,000 annually, but they can earn significantly more with years of experience.
Article Source: http://EzineArticles.com/657150
http://www.online-degrees-today.com/business-degrees/business.shtml
The Work:
Economists conduct research and prepare data for analysis. They research issues such as inflation, interest rates, and employment levels to come up with data that can be processed to forecast economic change in the future.
They prepare their reports by using charts and graphs or tables to illustrate the results of their research. There are many specific areas for work as an economist such as being an organizational economist, industrial economist, labor economist or monetary economist to name a few.
Training:
To become and economist, you will need to earn at least a bachelors degree in economics. Many private sector companies require a master's degree or Ph. D. in economics from their employees however. A bachelor's degree in economics will cover topics such as macro and microeconomics as well as statistics and math.
Finance, accounting, public relations, public policy and information technology will also be covered in your degree program. To become and economist, you will need to skills in organization, pay keen attention to details, and have patience and persistence. Those with a graduate degree in economics will generally specialize in a specific area of the industry.
Outlook:
An economics degree can provide you an opportunity to work in a variety of professional organizations. A number of economists work in the public sector and help government simplify their operations. Up to 58 % of economists work in this capacity.
Depending on your field, expertise, and industry, salaries can vary greatly. Economists in major metropolitan areas average a salary of $78,000 annually, but they can earn significantly more with years of experience.
Article Source: http://EzineArticles.com/657150
http://www.online-degrees-today.com/business-degrees/business.shtml
How to Mange Your Career During Economic Decline
The previous few years have been a witness to serious economic difficulties for one and all. It's a widely known fact that economic downturn has affected the global world in a large way and has resulted in the downfall of economy like never before.
It is because of this, many people had to fight serious career worries. In case you don't want the economic downturn ruin you career, it appears sensible to adjust yourself to the dwindling economy in the greatest demeanour. Let us look at some of the steps that can help you out with the same.
The first thing you need to do to suit your career to the present economy is always to evaluate the available prospects in your present industry. The economic shifts have caused certain industries to flourish while bringing some other sectors to a complete dead stop.
Thus, you ought to examine your industry with reference to the present case. In case you believe your industry is in the middle of an unmitigated meltdown without any odds of revival, then switching your career path would be the very best alternative.
If you'd rather not alter careers altogether, you can think about taking a step down the career ladder. While opting for jobs that don't match your profile and experience might sound unfair, it is the only way you could assure a job for yourself if you are not willing to switch to another sector. Marginally downsizing your career growth will not necessarily harm your career and may even sustain you in the long run.
Retaining your job is also a must when you're attempting to adapt your career to a tough economy. You would definitely be well versed with the potential job threats that have come in the aftermath of economic downturn. Don't get intimidated by these job threats. Instead, try to work tougher to sustain your job. Be more punctual about office timings and offer your job some more effort than the usual. Just some more effort and you could boost the possibility of keeping your job immensely.
Yet an additional efficient career option during the complicated times of economic slowdown is freelancing. Taking up any freelance assignment could help you effortlessly sail through the economic worries. The perfect aspect is that it will add on some additional revenues to your bank account as well.
Moreover, freelancing is undoubtedly the safest fall back upon alternative that you may require in case at all you are sacked from your job. It is advised to exercise caution when you select any freelance work. Attempt to choose only that work which you could easily handle with your current job. Though you will must put more effort to juggle with both works, the end result will be assuredly rewarding.
There aren't two ways about the fact that fighting economic crisis and its repercussions is nothing less than an ordeal. However, with effort and provided axioms you can definitely sustain you career nevertheless.
Article Source: http://EzineArticles.com/4321605
http://www.exposedskincare.us/know-more-about-the-exposed-four-piece-trial-kit.html
It is because of this, many people had to fight serious career worries. In case you don't want the economic downturn ruin you career, it appears sensible to adjust yourself to the dwindling economy in the greatest demeanour. Let us look at some of the steps that can help you out with the same.
The first thing you need to do to suit your career to the present economy is always to evaluate the available prospects in your present industry. The economic shifts have caused certain industries to flourish while bringing some other sectors to a complete dead stop.
Thus, you ought to examine your industry with reference to the present case. In case you believe your industry is in the middle of an unmitigated meltdown without any odds of revival, then switching your career path would be the very best alternative.
If you'd rather not alter careers altogether, you can think about taking a step down the career ladder. While opting for jobs that don't match your profile and experience might sound unfair, it is the only way you could assure a job for yourself if you are not willing to switch to another sector. Marginally downsizing your career growth will not necessarily harm your career and may even sustain you in the long run.
Retaining your job is also a must when you're attempting to adapt your career to a tough economy. You would definitely be well versed with the potential job threats that have come in the aftermath of economic downturn. Don't get intimidated by these job threats. Instead, try to work tougher to sustain your job. Be more punctual about office timings and offer your job some more effort than the usual. Just some more effort and you could boost the possibility of keeping your job immensely.
Yet an additional efficient career option during the complicated times of economic slowdown is freelancing. Taking up any freelance assignment could help you effortlessly sail through the economic worries. The perfect aspect is that it will add on some additional revenues to your bank account as well.
Moreover, freelancing is undoubtedly the safest fall back upon alternative that you may require in case at all you are sacked from your job. It is advised to exercise caution when you select any freelance work. Attempt to choose only that work which you could easily handle with your current job. Though you will must put more effort to juggle with both works, the end result will be assuredly rewarding.
There aren't two ways about the fact that fighting economic crisis and its repercussions is nothing less than an ordeal. However, with effort and provided axioms you can definitely sustain you career nevertheless.
Article Source: http://EzineArticles.com/4321605
http://www.exposedskincare.us/know-more-about-the-exposed-four-piece-trial-kit.html
Careers in Economic Field
If you are interested in studying in the Economics field, there are a wide variety of career choices available to you. Generally speaking, most people with an Economics degree is whatever minor they choose, go for a Bachelor's degree, although a Master's degree will always ensure that you start out higher to the top of the companies food chain, and earn more annual income.
Career choices in the field of Economics can include Economic Consulting with research companies or consulting firms, where you would advise the company on business strategies and help to prepare economic evidence for court cases. Another destination that many Economic graduates find is law school.
In the field of Economic law, you would have the chance to influence many decisions based on the economy, and would be able to contribute to many firms and government agencies. And, speaking of government agencies, there is always the choice of working directly with the government through non-profit organizations. The government, local, state, and national, hire Economists to aid with the statistic and analysis portion of business.
A look at the potential annual earnings for majors in Economics shows that, with a bachelor's degree, for instance if you decided to pursue your degree in Economics with a concentration in Finance, the annual salary that you could expect in your first year would be around $45,000, whereas a degree simply in marketing would earn you only $36,000 annually.
The low end of the earnings for an Economy major, reported in 2005 was $24,000 for a bachelor's degree, while those with a Master's degree earned $37,000 starting annually. Wages can go up to nearly $100,000 yearly, depending upon whether you decide to seek employment with a private or government sector.
The Federal Government's annual salary for economists with a Master's degree in 2005 was $89,441. That's the average salary, so keep in mind that you may have to put a couple of years into the job before you can expect your salary to meet this standard. Overall, Economists are expected to earn a significantly higher income whether they are working with the government or with a private company, simply because the need much outweighs the supply.
Economists are normally employed within larger cities, however some do work overseas for varies companies, either government or private international operations. World Bank, International Monetary Fund, and the United Nations all employ economists from all over the world to work in their facilities.
If you are considering a career in the Economics field, there are a few minor requisites to keep in mind. Those interested in Economics will normally be able to pay great attention to details. This is highly important because you will spend much time on precise data analysis.
You also must possess patience and persistence, since you will be required to spend many hours solving problems, and you will have long hours of independent study ahead of you. You must be able to present findings on your studies in a clear manner, both orally and written, so good communication skills are of the utmost priority.
A Master's degree or a PH.D is normally required for many private companies and most government agencies. Although a bachelor's degree will get you in the door to your Economics career, it's best to obtain at least a master's degree if you plan to start in a top position. You will also need at least a master's degree if you plan to teach Economics.
Instructors and professors of Economics are among the highest paid career choices, outside of the Federal Government, so if you want to help others to obtain their goal in reaching an Economics degree, a master's degree will be required.
The educational requirements and courses that you will need will, of course, vary depending on the college or institution that you attend. Basically, for a master's degree, you will need courses such as advanced economic theory, econometrics, labor economics, and international economics courses. These are the graduate courses that are required by most companies.
Undergraduate courses will include microeconomics, macroeconomics, and econometrics, and the history of economic thought. The entry-level jobs for the Federal Government require a bachelor's degree with a minimum of 21 semester hours of economics and at least 3 hours of statistics, accounting, and/or calculus.
You can find more information about the courses required and available at the college or institution that you attend. Economists are a growing number, and will continue to be needed in our society, so if you have an interest, and have the necessary thinking, analysis, and data skills, a career in the Economics field would be a wonderful choice.
Article Source: http://EzineArticles.com/776588
http://seek4jobs.net/jobseekers/JobSearch.php
Career choices in the field of Economics can include Economic Consulting with research companies or consulting firms, where you would advise the company on business strategies and help to prepare economic evidence for court cases. Another destination that many Economic graduates find is law school.
In the field of Economic law, you would have the chance to influence many decisions based on the economy, and would be able to contribute to many firms and government agencies. And, speaking of government agencies, there is always the choice of working directly with the government through non-profit organizations. The government, local, state, and national, hire Economists to aid with the statistic and analysis portion of business.
A look at the potential annual earnings for majors in Economics shows that, with a bachelor's degree, for instance if you decided to pursue your degree in Economics with a concentration in Finance, the annual salary that you could expect in your first year would be around $45,000, whereas a degree simply in marketing would earn you only $36,000 annually.
The low end of the earnings for an Economy major, reported in 2005 was $24,000 for a bachelor's degree, while those with a Master's degree earned $37,000 starting annually. Wages can go up to nearly $100,000 yearly, depending upon whether you decide to seek employment with a private or government sector.
The Federal Government's annual salary for economists with a Master's degree in 2005 was $89,441. That's the average salary, so keep in mind that you may have to put a couple of years into the job before you can expect your salary to meet this standard. Overall, Economists are expected to earn a significantly higher income whether they are working with the government or with a private company, simply because the need much outweighs the supply.
Economists are normally employed within larger cities, however some do work overseas for varies companies, either government or private international operations. World Bank, International Monetary Fund, and the United Nations all employ economists from all over the world to work in their facilities.
If you are considering a career in the Economics field, there are a few minor requisites to keep in mind. Those interested in Economics will normally be able to pay great attention to details. This is highly important because you will spend much time on precise data analysis.
You also must possess patience and persistence, since you will be required to spend many hours solving problems, and you will have long hours of independent study ahead of you. You must be able to present findings on your studies in a clear manner, both orally and written, so good communication skills are of the utmost priority.
A Master's degree or a PH.D is normally required for many private companies and most government agencies. Although a bachelor's degree will get you in the door to your Economics career, it's best to obtain at least a master's degree if you plan to start in a top position. You will also need at least a master's degree if you plan to teach Economics.
Instructors and professors of Economics are among the highest paid career choices, outside of the Federal Government, so if you want to help others to obtain their goal in reaching an Economics degree, a master's degree will be required.
The educational requirements and courses that you will need will, of course, vary depending on the college or institution that you attend. Basically, for a master's degree, you will need courses such as advanced economic theory, econometrics, labor economics, and international economics courses. These are the graduate courses that are required by most companies.
Undergraduate courses will include microeconomics, macroeconomics, and econometrics, and the history of economic thought. The entry-level jobs for the Federal Government require a bachelor's degree with a minimum of 21 semester hours of economics and at least 3 hours of statistics, accounting, and/or calculus.
You can find more information about the courses required and available at the college or institution that you attend. Economists are a growing number, and will continue to be needed in our society, so if you have an interest, and have the necessary thinking, analysis, and data skills, a career in the Economics field would be a wonderful choice.
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