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UMM Home > Career Services > Career Planning & Decision Making > What can I do with a Major in... > Economics

Economics

Description of Major
The economics curriculum is designed to ensure that students understand the nature and functioning of the market system; are able to define criteria for assessing efficiency in the provision of goods and services; investigate and assess the operation of economic institutions; are able to evaluate alternative policies intended to enhance economic outcomes; develop competence in quantitative methods and computing methods; are able to conceptualize and analyze problems using the tools of economic theory and communicate the results; are competent in oral and written communication; and are adequately prepared for graduate or professional school.

Skills
A liberal arts education and study in a particular major will lead to the acquisition of a group of skills which enable one to solve problems, communicate effectively, and perform complicated tasks. These skills are essential in any career. The following is a list of important and commonly agreed upon career skills identified by UMM economics faculty as a part of the project to Improve Public Understanding of Liberal Learning (IMPULL). The skills are those which all or most students studying economics are likely to acquire through classroom instruction, co-curricular or extra-curricular activities.
 
 

Leadership/Management Skills:
- judging
- ability to work self-directedly
- organizing
- analyzing
- identifying problems and needs
- identifying priorities and parameters
- managing time, energy, and resources
effectively
- conceptualizing
- unwillingness to automatically accept the
status quo
- making decisions
- initiating projects or ideas
- making and keeping a schedule
- identifying alternative courses of action

 
 

Communication/Writing Skills:
- comprehending written
material
- demonstrating premises and reasoning to their
conclusion

 
 

Research/Analytical Skills:
- sorting data and objects
- cataloging information
- understanding and using organizing
principles
- manipulating information using expertise
in computer skills
- reading
- economic research and analysis
- breaking down principles into parts
- perceiving and defining cause and effect
relationships
- compiling and selecting information
- applying information creatively to solve
specific problems
- evaluating information against
appropriate standards
- manipulating information using expertise
in mathematics
- organizing and classifying
- using numbers as a reasoning tool
- reviewing large amounts of material and
extracting essence

 
 

Artistic/Creative Skills:
- visualizing spatial relationships  

 
 

Technical/Manual Skills:
- doing detailed and accurate work - using computers

 
 

Additional Skills, or Skills Peculiar to the Economics Discipline:
- analyzing trade-offs  

 
 

Jobs Obtained by UMM Economics Graduates
Studies conducted by the UMM Career Center have shown that graduates obtain jobs that are both related to their major and jobs that may not be formally related to the major. About 67% of the graduates from 1964-1989 said their job was in the same field or related to their undergraduate major. Other studies have shown that liberal arts graduates find employment that makes use of their skills, special knowledge, values, and interests, even though the employment field may not be related to their academic major. Listed below are some jobs obtained by UMM economics graduates:

Accountant
Account Executive
Account Representative
Account Transfer Team Lead
Accounting Specialist
Accounts Payable Analyst
Administrative Officer
Adult Farm Business Teacher
Appeals Officer
Attorney
Bank Examiner
Bank Manager
Bank Office Manager
Bank Vice President
Bankruptcy Advisor
Bowling Lane Manager
Branch Manager V.P.
Budget Analyst
Building Contractor
Business Analyst
Business Manager
Business Owner
Business Researcher/Librarian
Chemical Dependency Counselor
Chief Financial Officer
Chief Operating Officer
Chiropractor
Circulation Manager
City Planning Director
Claim Examiner
Claims Adjuster
Compensation Analyst
Computer Consultant
Computer Programmer
Computer Systems Analyst
Computer Troubleshooter
Controller
County Executive Director
Credit Collection Representative
Credit Manager
Customer Service Director
Data Processing Specialist
DHIA Test Supervisor
Director
Economic Development Director
Economist
EDI Coordinator
Electronic Test Engineer
EMS Educator
Executive Director
Farmer
Financial Administrator
Financial Analyst
General Manager
Health Care Executive
Hedge Fund Manager
Hospital Administrator
Human Resources Representative
Human Resources Specialist
Incentive Plan Manager
Industrial Organizational Consultant
Information Services Director
Information Systems Analyst
Information Technology Professional
Insurance Adjuster
Insurance Agency Manager
Insurance Sales
Insurance Underwriter
Investment Analyst
Letter Carrier
Litigation Support Supervisor
Loan Officer
Loan Processor
Locomotive Engineer Instructor
Logistics Manager
Maintenance Machinist
Management Company President
Manager of Business Services
Manufacturer Representative
Market Research Analyst
Marketing/Customer Service
Marketing Manager
Marketing Representative
Master Planner
Materials Manager
Media Analyst
Military Officer
Mortgage Banker
Mortgage Loan Officer
Nuclear Electronics Technician
Nurse Anesthetist
Office Manager
Plant Manager
Policy Analysis Program Officer
President of Business Organization
Priest
Professor
Project Manager
Purchasing Agent
Purchasing Manager
Real Estate Broker
Real Estate Salesperson
Regional Sales Director
Regional Sales Manager
Registered Land Surveyor
Regulatory Analyst
Research Analyst
Research Associate
Restaurant Owner
Retirement Plan Consultant
Route Sales Representative
Sales Auditor
Sales Manager
Salesperson
School Administrator - Finance
Service Consultant
Service Representative
Software Engineer
Systems Analyst
Tax Accountant
Tax Auditor
Teacher
Team Leader
Treasury Operations Director
Trust Officer
Underwriter
University Administrator
Vice President Fed. Reserve Bank
Vice President Finance
Welfare Program Reviewer

 
 

There are many occupations that do not require a specific undergraduate major; they are often learned as a result of on-the-job training rather than prior education. What is sought among prospective employees is the development of certain skills and abilities that can be developed not only through an academic major but through courses taken as part of one's general education, and through internships, directed studies, tutorials, seminars, study abroad, work-study and summer employment, and volunteer experiences.

Graduate/Professional Education of UMM Economics Graduates
Approximately 45% of the UMM graduates from 1964-1989 have taken some graduate or professional school training. About 33% of the economics graduates from 1964-1989 have taken some graduate or professional training. Annually, approximately 28% of UMM graduates use their undergraduate major as a springboard for direct entry into graduate/professional schools. The following are some of the graduate/professional school programs entered by economics graduates:

Accounting
Actuarial Science
Agricultural Economics
Anthropology
Archeology
Business Administration
Business Enterprise Law
Chiropractic Medicine
Computer Science
Counseling & Guidance
Criminology
Economics
Education
Elementary Education
Finance
History
Hospital Administration
Human Relations
Industrial Relations
Insurance
International Relations
Inventory Management
Investments
Law
Logistics Management
Marketing
Medicine
Methods Engineering
Operations
Pastoral Counseling
Plant Engineering
Plastics Technology
Public Administration
Public Affairs
Real Estate
Statistics
Supply Management
Urban Planning

 
 
Economics (Adobe Acrobat Supplement)
Graduate/Professional Schools in Economics
Links to Economics Jobs