Reply To: Some questions about majoring in economics


A bachelor’s degree in economics provides entry into most business careers. It is especially helpful for careers in finance. Entry-level positions in think-tanks can be taken by economics majors. Economics is the top undergraduate major for law school.

A Master’s degree in economics opens up mid-level business careers, especially in financial markets. Mid-level think-tank positions are also open to holders of Master’s in economics. It’s possible to teach economics at community colleges with a Master’s degree.

Ph.D. economists work as forecasters in businesses, especially financial markets, and hold academic positions at universities and colleges.

Here’s the American Economic Association page on careers for economics majors:

Our economics majors at Grove City College, who receive a thoroughly Austrian education in economics, enter into the same type of careers and graduate studies as non-Austrian economists.