How To Become A Data Analyst With A Math Degree Explore the Exciting Options Offered by an Online Economics Degree

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Explore the Exciting Options Offered by an Online Economics Degree

When contemplating a career in Economics, what images come to mind? Can you imagine long hours bent over computer keyboards doing complicated statistical analysis? You might imagine boring accountability meetings that involve long explanations and visual presentations to bored board members. If so, you are not alone.

Contrary to popular belief, economics is not as cut and dry as many believe it to be. Take a momentary pause. Put down the calculators and step away from the keyboards. We are about to begin an exposure to the economics of earning an online Economics degree. Now the class has started.

An exercise in versatility

The economy is the engine that underlies everything. On financial fronts ranging from the global market to family budgets, economics is essential. Like geologists, the heart of economists’ work is preservation. Instead of the natural environment, economists worry about scarce monetary resources.

There is a wide range of opportunities available to economics majors. Commercial entities are very common employers. Economics professionals are also found in medicine, law, nonprofits, and government.

Learning levels

A bachelor’s degree is the minimum requirement for entry-level economist positions. Most Economics graduates find work in the private sector. Non-profit concerns and government also offer abundant opportunities. Especially in the federal government, many budding economics students find career havens in facilities-based data analysis and statistics operations.

Academia is also an attractive career destination for economists. Chairs at major universities are wide open for those with PhD degrees in Economics. This career path also appeals to incurable research and writing fetishists who provide running commentary on economic trends and concomitant public policy.

An online economics degree at master’s level is ideal for those seeking a pragmatic career position in Academia. It closely matches the recruitment protocols of most high schools or universities.

Imagine your options

Many students cannot visualize many, if any, practical economist careers that interest them. This is unfortunate, as Economics majors have practical skills that are highly marketable. Think about it, class. The basic concepts underlying all economist work are money and mathematics. When combined, they add up to a knowledge base of high universal value. Here are some examples:

Economic forecast

The top priority of every company is to maximize results. A flawless crystal ball would give guaranteed unlimited benefits. Unfortunately, these devices have not been invented. Predictors are the next best thing available. Its complex analyzes are very useful for commercial concerns. Current economic climate and market conditions are measured for maximum marketing efficiency.

Finance, Banking and Accounting

Economists’ extensive knowledge of numbers is always needed in other areas. Half of maximizing results is minimizing expenses. Economists advise organizations to achieve maximum budget efficiency. Economists scrutinize and monitor operating costs, from employee toilet paper to billions of dollars in capital acquisitions.

Public Policy, Government

Economists understand and accurately assess demographic, socioeconomic, and financial patterns. These trends can be monitored, collected and evaluated. Realistic projections of the likely effects of proposed budget allocations, tax regulations and other legislation are made with great accuracy. Economists often conduct feasibility studies for an accurate evaluation of proposed projects or policy changes.

Other Options

Economists explore statistical areas apart from purely monetary and financial matters. Research positions in science-oriented organizations are a popular career path. The logical deductions and inferences that can be drawn from the conclusions of economists are very valuable to these organizations.

Economic Rewards of Economists

Here’s a thought exercise, class: If someone made an extra $1 million flow into your bank account in a given year, how much would that be worth to you? Even paying half a million dollars would be profitable, don’t you agree? Companies think the same way.

A 2008 Wall Street Journal study showed that the average starting salary for Economics majors was $43,419 per year. This placed economists as the fourth highest paying occupation. Economists even beat the average starting salaries of new MBAs.

The moral of this story is pretty clear, students. If you have the right knack for numbers, a career in economics is an excellent choice. All available data clearly reveal this. Implement your own economic policy today by enrolling in the online economics degree program of your choice. Your future results will make it worth it. The class is now dismissed.

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