Careers in Economics

Photo of stock market trends by Adam Śmigielski on Unsplash

Where smart decisions start.

Economics is more than charts. It’s a powerful way to understand how people, businesses and governments make decisions and how those decisions shape the world. Here, you’ll gain the tools to ask the right questions, dive into data and help solve big challenges from climate change to global markets.

What economists do?

Economists study how society uses limited resources—like land, labor and capital—to produce and distribute goods and services. Their work involves:

  • Collecting and analyzing data
  • Monitoring economic trends
  • Modeling and forecasting outcomes
  • Advising businesses, governments or nonprofits on policy and strategy

From global markets to local communities, economists bring insight to issues like inflation, taxes, unemployment, energy and economic growth.

Why major in economics?

As the economy evolves and data becomes more available, economists are stepping up to help navigate uncertainty, shape policy and uncover new insights. At UB, we prepare students to meet that demand with a strong foundation in theory, analytics and real-world problem solving.

Our graduates are ready to:

  • Analyze data that drives decision-making
  • Forecast economic trends and risks
  • Evaluate public policy and corporate strategy
  • Lead teams, shape conversations and make a lasting impact

Skills you’ll build at UB

Through hands-on research, data-driven coursework and applied experiences, you’ll gain:

  • Analytical and critical thinking
  • Statistical modeling and econometrics
  • Data visualization and communication
  • Strong foundations in micro, macro and applied economics

Whether you're heading into finance, law, public policy or tech, these skills set you apart.

Sandipa Bhattacharjee holding a pennant.

How much do economists make?

Economists are well-compensated for their expertise. According to the U.S. Bureau of Labor Statistics:

  • Median Pay: $115,440 per year
  • Top Industries: Federal government, scientific research, finance, consulting
  • Job Outlook: Projected to grow faster than average for all occupations

👉 Explore the Occupational Outlook Handbook
Or use the Career Design Center’s Job Market Stats to explore real-world salary and employment trends by industry or region.

Where our graduates go

Economics is your gateway to careers in:

  • Finance and Business: Brokerage firms, investment banks, retail banking, insurance, consulting, and corporate strategy
  • Government and Policy: Federal Reserve, U.S. Census Bureau, local and federal agencies, policy think tanks
  • International Organizations: World Bank, IMF, United Nations
  • Tech and Data Analytics: Startups, research labs, fintech and more
  • Graduate and Professional School: Economics is a great foundation for law school, MBA programs, public policy, and PhDs

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Your career starts at UB

The Career Design Center helps you plan your next step—whether it’s a job, grad school or internship.

What you’ll find there:

  • One-on-one career design consulting
  • Help with job/internship searches and grad school planning
  • Job and internship fairs, networking events and career skillshops
  • Access to real-world employment and salary data through Job Market Stats

Take the next step

Ready to launch your future in economics? 

Explore Economics programs