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Explore the Exciting Options Offered by an Online Economics Degree
When considering a career in economics, what images come to mind? Do you plan to spend long hours bending over computer keyboards to perform complex statistical analyses? Perhaps you imagine boring accountability meetings that feature endless explanations and visual presentations to bored board members. If so, you are not alone.
Contrary to popular belief, the economy is not as dull and dry as many believe. Take a momentary break. Put the calculators down and stay away from the keyboards. We are about to embark on an exhibition on the savings of earning an economics degree online. Class has now started.
An exercise in versatility
The economy is the driving force behind everything. On financial fronts ranging from the global market to household budgets, economics is key. Like geologists, the core work of economists is preservation. Instead of the natural environment, economists are concerned with scarce monetary resources.
A wide range of opportunities are available for economics majors. Commercial entities are very common employers. Economics professionals are also found in medicine, law, nonprofits, and government.
A bachelor’s degree is the minimum requirement for entry-level economist positions. Most economics majors find employment in the private sector. Non-profit organizations and government also offer many opportunities. Within the federal government in particular, many newly created economics majors find professional refuges in facility-based statistical and data analysis operations.
Academia is also an attractive career destination for economists. Professorships at major universities are widely open to those with a doctorate in economics. This career path is also appealing to incurable research and writing fetishists who provide mainstream commentary on economic trends and attendant public policy.
An online economics degree at the master’s level is ideal for those seeking a pragmatic professional position in academia. It closely matches the hiring protocols of most high schools or colleges.
Imagine your options
Many students cannot visualize many – or none – practical economist careers that interest them. This is unfortunate, as economics majors have extremely marketable practical skills. Think about it, class. The core concepts that underpin every economist job are money and math. When combined, they add up to a knowledge base of great universal value. Here are some examples:
The top priority of every business is to maximize the bottom line. A flawless crystal ball would yield guaranteed unlimited profits. Unfortunately, such devices were not invented. Forecasters are the next best thing available. Their complex analyzes are extremely useful to business enterprises. The current economic climate and market conditions are assessed for maximum marketing effectiveness.
Finance, banking and accounting
The in-depth knowledge of economists’ figures is always necessary in other areas as well. Half of maximizing the bottom line is minimizing expenses. Economists advise organizations to achieve maximum budget efficiency. Operating costs, from toilet paper in employee washrooms to multi-billion dollar capital acquisitions, are scrutinized and monitored by economists.
Public Policy, Government
Economists understand and accurately assess demographic, socioeconomic, and financial patterns. These trends can be monitored, compiled and evaluated. Realistic projections of the likely effects of proposed budget allocations, tax regulations and other legislation are made with great accuracy. Economists frequently conduct feasibility studies for an accurate assessment of proposed projects or policy changes.
Economists explore statistical domains other than purely monetary and financial matters. Research positions in science-based 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.
Economist Economic Awards
Here’s a brainstorming exercise, classy: If someone funneled an extra $1 million into your bank account in a given year, how much would it earn you? Even paying half a million dollars would pay off, wouldn’t it? 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 places economists as the fourth highest paid profession. Economists have even topped the average starting salaries for new MBAs.
The moral of this story is pretty clear, students. If you have a knack for numbers, a career in economics is a great choice. All available data clearly show this. Implement your own economic policy today by enrolling in the online economics degree program of your choice. Your future bottom line will be worth it. The class is now cancelled.
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