Economics Major: A Path to Real-World Impact. The Economics major combines a solid foundation in business with the analytical power of economics. As an Economics major, you'll explore how to forecast economic trends, analyze data, and apply economic theory to help organizations make strategic, data-driven decisions. Whether you’re interested in finance, consulting, policy, or international relations, the Economics major equips you with the skills to drive meaningful impact across industries.
Economics is more than a field of study—it's a social science that offers a competitive edge in today’s job market. This major opens doors to diverse, rewarding career paths in areas like private business, consulting, government, and financial services. Many Economics majors also pursue advanced studies, including MBAs, MPAs, and law school, where their skills in critical thinking and data analysis give them a significant advantage.
Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills (according to Job Choices magazine produced by the National Association of Colleges and Employers). These skills can be simplified for conciseness here into three categories:
What should you do? First, you need to prepare a proper degree plan that fits your abilities and preferences. If your goal is graduate or professional school (for which economics is excellent preparation), you will want to structure your studies differently than if you plan to exclusively develop your career. Your career interests will also dictate differences in which courses to take. The Economics Department also offers special opportunities to differentiate yourself from the madding crowd. Among the special opportunities are:
The Economics major offers a blend of theoretical and applied courses, preparing you to tackle real-world challenges with an analytical mindset. Core areas of study include microeconomics, macroeconomics, labor markets, money and banking, international economics, public policy, and industrial organization—all within the well-rounded context of a liberal arts education.
Any student earning a Bachelor of Arts (BA) degree must complete a minimum of 39 hours at the 300+ level. These hours are generally completed by the major requirements. However, keep this hour requirement in mind as you choose your course work for the requirements in the major. See the complete description of College requirements for a Bachelor of Arts degree in the Arts and Sciences section of the 2015-2016 Undergraduate Bulletin.
Total Credit Hours - 30
Premajor Requirements
Total Hours - 13-16
Major Requirements
Core Requirements
Other Course Work within the Department
Course Work Outside the Department
Total Hours - 42
Economists conduct research, prepare reports, and evaluate issues related to monetary and fiscal policy. They also may collect and analyze statistical data.
Source: Bureau of Labor Statistics | Click the link for more info.
Median Salary
$115,730
per year in 2023
Number of Jobs
17,600
in 2023
10 Year Job Outlook
1,100
new jobs (average)
Economists typically work in an office setting, either independently or collaborating with a variety of other workers. Most economists work full time, and some work more than 40 hours per week.
Source: Bureau of Labor Statistics
Read MoreMore Than Just Money: The Vastness of an Economics Degree
A degree in Economics opens doors to a variety of rewarding and impactful careers in private business, consulting, government, financial services, and more. Economics majors also excel in advanced graduate programs like MBAs, MPAs, and law school.
Career Opportunities with an Economics Degree
Career Field | Potential Roles |
---|---|
Economic Analysis & Research | Economic Forecaster, Research Analyst for government or nonprofits, Data Analyst, Public Policy Researcher |
Financial Services | Bank Manager, Loan Officer, Stock Broker, Securities Analyst, Pension Fund Administrator, Portfolio Administrator |
Government | Regional/Urban Planner, Foreign Trade Analyst, Social Security Administrator, Budget Officer, Lobbyist |
Business & Consulting | Market Analyst, Purchasing Agent, Public Relations Specialist, Real Estate Agent, Financial Analyst, Contract Administrator |
Insurance | Underwriter, Claims Adjuster, Benefits Analyst |
Legal & Educational Consulting | Legal Consultant (e.g., antitrust, regulation), High School Teacher, University Lecturer |
For more information about career opportunities, contact the UK Career Center.
College of Arts & Sciences
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