Why  Study  Economics?      

Department  of  
Economics    
Primarily  To  Avoid  ..    
But  More  Importantly,  Because  ..    
 Economics  ..    
-­‐  Is  Fun!    
             Did  You  Know  That  You  Can  Rearrange  Economics  to  Get  “Comic  Nose”  
 
-­‐  Is  A  PracNcal  &  Marketable  Degree    
               Graduates  with  an  Economics  Degree  Have  a  BeSer  Understanding  of  the  
 NaNonal  Economy,  and  Good  AnalyNcal,  CriNcal  Thinking  and  
 CommunicaNon  Skills,  Making  You  Employable  in  A  Variety  of  Areas!    
 
-­‐  Is  InteresNng  &  Useful  for  Answering  Fundamental  
and  Important  QuesNons    
             Economic  Theory  has  Real  World  ApplicaNons!    
 
 
 Economics  ..    
-­‐  Provides  an  Understanding  of  How  the  World  Works    
          Economics  is  All  Around  us,  Present  in  all  Aspects  of  Our  Lives.  Students  
 Learn  Everything  From  How  Gas  Prices  are  Determined,  to  How  Our  Banks  
 and  Credit  Cards  work.      
-­‐  Is  Useful  at  a  Personal  Level    
 Learning  About  Interest  Rates,  Exchange  Rates,  Economics  Indicators  Can  
 Help  You  Make  BeSer  Personal  Decisions.    
-­‐      Is  Great  For  Cocktail  Party  ConversaNons    
 Think  About  all  the  Hot  Topics  that  Economics  Can  Help  You  Understand  
 BeSer  –  The  Crisis  in  Greece,  Unemployment  in  the  United  States,  The  
 Phenomenal  Success  of  China  and  Many  Many  More..    
 Is  A  Major  That  Pays  You  Back!    
Highest  Among  All  Social  Sciences  &  HumaniNes.  
Bachelor’s  Degree  by  Salary  PotenNal    

Rank     Major     Early  Career  Salary     Mid-­‐Career  Salary    

1   Petroleum   $102,300   $176,300  
Engineering    
20     Economics     $51,400   $97,700  
33   Finance     $50,900   $89,300  
50   MarkeNng   $42,800   $83,700  
Management    
72     PoliNcal  Science     $42,800   $78,500  
80   AccounNng     $46,500   $76,300  
93   Business   $45,500   $73,100  
AdministraNon  

Source:  hSp://www.payscale.com/college-­‐salary-­‐report/majors-­‐that-­‐pay-­‐you-­‐back/bachelors  
   
 
 What  Students’  with  an  Economics  
ConcentraNon  Do  ..    
•  Research  and  Analyze  Economic  Issues  
             Demand  for  Analysts  in  The  Internet  Sector  &  Healthcare  is  soaring!    
             hSp://www.forbes.com/sites/billconerly/2015/04/29/career-­‐advice-­‐for-­‐economics-­‐majors/2/  

•  Collect  and  Analyze  Data  

             Through  Strong  QuanNtaNve  &  AnalyNcal  Skills!    

•  Advise  Businesses,  Government  and  

Individuals    
•  Design  Policies  &  Make  RecommendaNons  for  
Solving  Economic  Problems    
 Where  They  Work  ..    
Industries  That  Employed  the  Most  Economists  (as  of  2012)    
 
  Federal  Government     28%    
  Management,  ScienNfic  &   19%  
Technical  ConsulNng    
  State  &  Local  Governments     17%  
  ScienNfic  Research  &   10%    
Development  Services    
 
Finance  &  Insurance     5%    
 
 
 
Source:  BLS  OccupaNonal  Outlook  Handbook  (2014-­‐15)  
 How  Much  They  Make  ..    
(Annual  Earnings)  
 

Census  Data  –  2009    

Source:  hSp://www.slate.com/blogs/moneybox/2014/09/29/lifeNme_earnings_by_college_major_why_economics_grads_make_bank.html    
 How  Much  They  Make  ..    
(LifeNme  Earnings)    

Census  Data  -­‐  2009    

Source:  hSp://www.slate.com/blogs/moneybox/2014/09/29/lifeNme_earnings_by_college_major_why_economics_grads_make_bank.html  
 
Where  Some  of  Our  Alumni  Work  ..  
•  Capital  One    
•  CiNbank    
•  Federal  Reserve  Bank  of  Philadelphia    
•  Geisinger  Health  Systems    
 Studying  Economics  at  BU  ..    
Major  in  Economics!    
The  Economics  Department  offers  3  Tracks    
-­‐  General  Economics    
-­‐  The  Most  Rigorous  Economics  Training  
-­‐  Business  Economics  
The  Most  Popular  Track.  Great  For  COB  Majors!      
-­‐  PoliNcal  Economics    
-­‐  Perfect  For  Students  Interested  in  PoliNcal  
Economy  and  PoliNcal  Science    
 
 
 Or  Consider  Combining  Economics  With  A  
Second  Major  or  Minor  In  ..      
•  AccounNng    
•  Computer  Science  
•  Criminal  JusNce      
•  Finance  
•  History      
•  Management    
•  MarkeNng    
•  Philosophy  
•  PoliNcal  Science    
•  Psychology    
•  Sociology    
•  Or  Any  Other  Field  of  Study  that  Interests  You  or  That  You  Are  Passionate  About!    

..  For  a  Stronger,  Comprehensive  &  More  

Flexible  Undergraduate  EducaNon!    
Or,  Minor  in  Economics  and  Enhance  
your  Major’s  PotenNal!        
Only  Requires  6  Courses    
(Including  The  One  You’re  Already  Taking!)  
 
Econ  121ŸEcon  122  ŸEcon  221  Ÿ  Econ  222    
&  
TWO  ElecNves    
(All  COB  Majors  are  required  to  take  Econ  256)        
 
Most  Econ  Courses  Give  You  MyCore  GEP  Points!      
 Studying  Economics  at  BU  ..    
Visit  hSp://bloomu.edu/economics  
 
Or    
 
Make  an  Appointment  to  See  an  Economics  
Faculty  Advisor!