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/
Showing posts with label Online Economics Degree. Show all posts
Showing posts with label Online Economics Degree. Show all posts
Wednesday, February 15, 2012
Tuesday, February 14, 2012
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
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