The major in economics provides an excellent background for a wide variety of careers in business and government. In addition to acceptance into their management training programs, many businesses employ the economics major to forecast economic trends and to relate changes in economic activity to the individual business. Economists are employed by various governmental bodies to conduct research into all phases of the economy.
Training in economics provides an excellent foundation for further study. Many students enrolled in the nation’s most prestigious law schools and graduate business programs selected economics as their undergraduate major. Also, the economics degree is viewed favorably by graduate school admissions committees in various disciplines including finance, political science, history, anthropology, statistics, public policy and urban studies.
Economics degree holders go on to exciting careers as corporate executives, commercial and investment bankers, brokers, professional money managers, commodity traders, small business entrepreneurs, journalists and authors, government officials, and many more.
Entrance into law school requires the Law School Admission Test (LSAT). Economics majors have higher LSAT scores than other majors, preparing students for LSAT success. Also, lawyers who majored in economics tend to earn higher salaries than those who majored in a different subject. Economic thinking requires logic and reasoning, the tools necessary to succeed in law.