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Finding a Job for Your Economics and Statistics Degree

Tags:  Career advice, College degree

It goes without saying that a degree in economics and/or statistics is a natural match with careers in the world of business. However, the type of career can vary depending on your particular area of interest.

Degrees in economics and/or statistics can prepare you for work in both the public and private sector as an educator, economist, software engineer, data analyst or environmental scientist just to name a few.

What's most important when deciding how you want to apply your education is to determine what aspects of your degree or what courses you've enjoyed the most. After all, most students have their favorites and it only makes sense to point your career in that direction.


If you're interested in the field of business, consider something with an analytical twist. Cost analysis, foreign trade analysis, or market research analysis are just a few of the areas you might want to pursue.

Your background in economics and/or statistics may lead you to jobs in banking and finance, credit lending, securities, or insurance claims and underwriting. However, don't feel like you're limited to just these areas. Given the right situation, you could even transition your degree into other fields such as sales, purchasing, marketing or management.

Think you might want to focus more on the accounting and financial aspects of business? How about a career in financial reporting and analysis, budget analysis, or finance management? Or for statistics majors, there's always actuarial work.


Concerns about how to maintain economic growth without damaging the environment means there is a greater need for managers, engineers, and designers to make connections between the worlds of strategic management, innovation, design and environmental sustainability.

Want to take your economics degree to a whole new level? How about a degree in ecological economics? Ecological economics allows you to study the interaction of the economy, society and the environment using analytical tools in order to propose policy measures for sustainable development.

Or maybe you'd prefer agricultural economics where you get the opportunity to focus on natural resource use while looking at the interconnections between economics, resources use, public policy, local government and social systems.


Working for the U.S. government is always an option no matter what your degree. However, if yours happens to be in economics and you have an interest in nutrition, you may want to look at the USDA (United States Department of Agriculture) where you can hook up with an opportunity that will allow you to become involved in ""The Economics of Food, Farming, Natural Resources and Rural America.""

There are a number of other departments that conduct research such as economic research for the Federal Reserve Board or statistical research for the Bureau of Labor Statistics, just to name two.


Yes, just like all other majors, you may want to go into teaching; however, it will require you to gain further education and a teaching credential. But once you're armed with these additional requirements you could find yourself in the rewarding field of teaching statistics or economics to high schoolers or undergrad students.

So you see, it's all about how you utilize your degree. Economics and statistics may seem like traditional business degrees; however, there are quite a few applications in the work world. You just have to figure out what you want to do.



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