Online Economics Degrees | Online Degree in Economics

Online Economics Degrees | Our TOP Recommendations
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Economists study how cultures dispense resources like labor, land, raw materials, and machinery, to produce goods and services. Job applicants with a background in economics should have job opportunities in various different careers.

• Nature of the Work - Economists study how cultures dispense resources like labor, land, raw materials, and machinery, to produce goods and services. They may also monitor economic trends, perform research, collect and analyze data, or develop forecasts.
  
• Economics Degree - Education - Whether working in consulting firms, government, research organizations, or industry, economists holding a bachelor’s degree typically qualify for entry-level jobs for administrative or management trainee positions, as research assistants, or for a number of sales jobs. A master’s degree is typically required to qualify for higher level administration and research positions. A Ph.D. is required for top economist positions in several organizations. In addition, many government and company executives have strong qualifications in economics.
  
• Other Qualifications - Individuals pursuing careers as economists should have the ability to pay close attention to details since so much time is spent on specific data analysis. Job seekers also should have strong quantitative and computer skills and have the ability to perform complex research.
  
  

Online Economics Degrees | Online Degree in Economics

Economics encompasses various specialties at the graduate level, such as labor economics, econometrics, and international economics. Students should choose graduate schools that are known for the specialties that concern them. Many schools assist graduate students in getting part-time employment or internships in financial institutions, economic consulting or research firms, or government agencies, prior to graduation.

Undergraduate economics majors can select from an assortment of classes, varying from econometrics, microeconomics, and macroeconomics, to more philosophical classes, such as the history of economic beliefs. Due to the importance of quantitative skills to economists, courses in econometrics, mathematics, computer science, statistics, sampling theory and survey design, are very beneficial.


Economists - Career Opportunities- Job Prospects

Employment of economists is predicted to increase seven percent from 2006 to 2016, about as quick as the average for all careers. The need for economic analysis should increase, but the rise in the number of economist jobs will moderate as companies hire workers for more specific jobs with specialized titles. Many workers with economic backgrounds will be employed in related jobs with special job titles, such as public policy consultant, financial analyst, researcher or research assistant, market analyst, and purchasing manager.

Job growth should increase faster in the private sector, particularly in scientific, management, and technical consulting services. Increasing demand for economic analysis in nearly every industry should arise from the mounting complexity of the world economy, the upshot of competition on businesses, and intensifying reliance on quantitative methods for analyzing and forecasting sales, business, and other economic trends. Some companies choose to hire economic consultants to address these demands, as opposed to retaining a permanent economist. This custom should result in more economist jobs becoming available in consulting services.


Salary and Wage Ranges for an Economist

The U.S. Department of Labor Bureau of Labor Statistics reports that in May 2006, the average annual wage and salary incomes of economists were $77,000. The middle 50 percent made between $55,750 and $103,500. The bottom 10 percent made less than $42,250, and the highest 10 percent made more than $136,500.

In the Federal Government, the beginning salary for economists with a bachelor’s degree was $35,750 in 2007. Those who have a master’s degree could qualify for jobs with an annual income of $43,750. Those who have a Ph.D. could start at $52,750, and some people with experience and an advanced degree could begin at $63,500. Starting salaries were higher in certain geographical areas where the general local pay was higher. The average annual income for economists with jobs in the Federal Government was $94,000 annually in 2007.

Related Occupations: Economists focus on understanding and interpreting financial matters, among with other topics. Other careers in this area include insurance underwriters; budget analysts; accountants and auditors; financial analysts and personal financial advisors; actuaries; cost estimators; financial managers; loan officers; and purchasing buyers, managers, and purchasing agents. Economists also depend on quantitative analysis, as do operations research analysts, mathematicians, and statisticians. Other careers involved in data collection and market research are market and survey researchers and management analysts. Economists also examine consumer behavior, similar to the work of sociologists.


Online Economics Degrees | Online Degree in Economics - Colleges and Universities

There are an excellent number of choices for an online Economics Degree. Online colleges and universities now provide the same curriculum as the traditional education. Learning online provides you with so much more flexibility to suit your lifestyle and current employment. We include our top recommendations for earning an online Economics Degree.


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