What can I do with a degree in economics?
Prospective students and majors often ask this question. The short answer is anything. Oxy graduates who majored in economics have gone on to all types of careers, becoming college professors, C.E.O.'s of major corporations, teachers, attorneys, physicians, theater managers, venture capitalists, high-level government officials, and officers in the air force—to name just a few.
Our alums have also gone on to graduate school in a variety of fields, earning doctorates, master's degrees, and other advanced degrees in economics, human and organizational systems, medicine, business administration, organizational management, public policy, accounting, law, and many other fields.
Your first step as you start thinking about what you will do after Oxy should be to visit Oxy's career dvelopment center, which offers a wealth of information and a variety of programs regarding jobs and careers. Check out their website and visit the office in person to learn more (start visiting early in your college career and visit often throughout your four years).
If you are interested in graduate school in economics, be sure to talk to your advisor early in your career and read the following resources carefully:
- Former Oxy Professor Slavov's tips for applying to PhD Programs in economics (http://sites.google.com/site/sitaslavov/home/advice)
- Harvard Professor Susan Athey’s advice for applying to grad school in economics (http://kuznets.fas.harvard.edu/~athey/gradadv.html)
A great way to learn if economics graduate school is right for you is to work with professional economists at economic consulting firms, policy think tanks, or the Federal Reserve as a research/analyst assisant. Possible employment opportunities include:
- Recent Oxy Econ Majors have found jobs at consulting firms (economic, management, and nonprofit), including Changing Our World, Compass Lexecon, EconOne, Frazier Capital, IDS Real Estate Group, Marts & Lundy, and Nera
- Economic Consulting Firms: Analysis Group, Bates White, Brattle Group, Charles River Associates, Cornerstone Research, Edgeworth Economics, Quant Economics
- Policy: RAND Corporation, The Brookings Institution, International Monetary Fund, Peterson Institute for International Economics
- Federal Reserve Bank (Opportunities for both Macro and Applied Micro Research)
If you are interested in graduate school in business administration, please read Professor Studenmund's "The MBA Myth." This document contains important information about the MBA degree and the best way to prepare for a career in business.
If you are interested in applying to law school, a major in economics will serve you well. Be sure to check out these tips for applying to law school, written by Jon O'Steen '02 (an economics and politics double-major at Oxy who now practices law in Arizona).
As always, be sure to contact your advisor or any faculty member in the department if you have questions or concerns.
- Chair Office: Fowler 224
- E-mail: firstname.lastname@example.org
- Phone: (323) 259-1304
- Fax: (323) 259-2704