35 Entry Level Job Opportunities for Economics Majors

Published on December 12, 2017 at 11:10 am by Nil Kavate in Lists

Economics has transcended every walk of life and, this list of 35 entry level job opportunities for economics majors would make you realize that there are varied and well-paid career opportunities available across industries. The primary objective of this article is to save you the effort of digging through scores of websites and give you all the information required about types of jobs for economics major in one single place (save for some unavoidable mouse clicks).

Before we start digging out what economic majors really do, let’s get a glimpse of what is Economics. Famous British economist Alfred Marshall interestingly defined Economics as a study of Man in the ordinary business of life in the context of his income and expenditure. He goes on stating that economics thus is a study of man himself. And how close this is to reality. Economics today deals with politics, business, social welfare, healthcare, international affairs, culture and last but not the least households.

Rido/Shutterstock.com

Although Economics is essential, it is not so simple. It is full of complicated mathematical models and empirical methods. It involves in-depth of research encompassing raw materials, incomes, expenditure patterns, demographics depending upon the issue at hand. As such those who choose economics should have a flair for mathematics, and it should not be far-fetched to say a love for numbers. Proficiency in statistical modeling and computer programs which can create statistical models can be highly beneficial to an economics major. One has to be constantly in touch with the current affairs and should be an avid reader. Economists should be inquisitive by nature, and this necessity to know helps the economist to reach the root cause of many problems like slowing economic growth, stagnant incomes levels, high production costs, etc. They have to be good at analytical skills to make sense out of the available data. All the results of the data analysis need to be presented to the concerned audience in less complicated manner. Therefore, writings skills are equally essential characteristics of an economics major.

Candidates with economic majors are relevant and required in various fields of business, government operations as well as social endeavors. And as such, one can look at a number of possible careers in economics. Primary job activities for jobs relevant to economics majors involve data sourcing, structure it in systematic mathematical models, analyze the information and based on these the present their solutions, predictions or commentary on current situations.

These aspects have resulted in better job prospects for students having economic majors. According to United State’s Bureau of Labor Statistics, for economists alone, the demand is projected to grow at a pace of 6% annually. The opportunities are plenty and sky is the limit for the right candidates as is evident from this article on 12 Best Job Opportunities for Economics Majors, which lists out highest paying jobs for economics majors.

The methodology we used to compile this list of 35 entry level job opportunities for economics majors primarily focuses on ease of getting qualified for these positions. This would mean less than 1 year or no experience required while for the jobs. Though in this article we have used minimum salary as criteria to list down these jobs, salaries do not really matter when getting employed is a matter of serious concern, especially when you are a fresh graduate. Some wise has wisely said, “A bird in the hand is worth two in the bush.” However, we would still encourage you to have a look at entry level economics jobs salary as listed in 11 Best Paying Entry Level Jobs for Economics Majors, just in case you want to understand which bird, err, which job you would like to have in your hand. One important thing to note here is that though this article focuses on statistics for US job market, internationally, economics jobs at entry level would present similar trends as more or less the same skill sets would be essential across countries, although percentages, educational qualifications, and salary levels may vary.

Bureau of Labor Statistics’s (BLS) website has a vast amount of information about various occupations and the same has been referred to in compiling information on salaries and salient features for jobs in our list. Information on those jobs which were not listed in BLS database, we sourced the data from authentic sources like PayScale, indeed, Sokanu.

Based on these criteria, here is the list of 35 entry level job opportunities for economics majors. It is important to note here that most of these jobs require analytical skills which are not explicitly mentioned under important skills heading, an economics major should possess it nevertheless.

35. Payroll Analyst

Median Salary in USD: 43,580
Minimum Salary in USD: 22,067
Job Outlook (Growth in %): 12.00

In a nutshell, they ensure employees are paid correctly by making sure the payroll reports are error free, all the working hours, leaves, etc. are processed correctly. They prepare those Management Information System (MIS) reports related to the payroll. They also prepare reports for internal and external audits. Some of the most important skills are consistency and precision in work and with numbers, working with a large amount of data and familiarity with payroll software.

Pixabay/Public Domain

34. Business Journalist/Reporter

Median Salary in USD: 60,680
Minimum Salary in USD: 22,120
Job Outlook (Growth in %): -10.00

As the name suggests, they cover anything that can be of significance in the business world, including activities around company financial reporting, mergers and acquisitions, important leadership movements, government policy announcements. They can be reporting on TV, print media or radio. However, these are the people who get to meet the who’s who of the corporate world. Though a degree in journalism can take you to places, people with economics major can benefit because of their knowledge of economics which is the backbone of the business decisions. Some of the important skills are strong communication skills, research and analytical skills, and writing skills.

ESB Professional/Shutterstock.com

33. Real Estate Agent

Median Salary in USD: 56,480
Minimum Salary in USD: 24,370
Job Outlook (Growth in %); 6.00

We are continuing our list of entry level job opportunities for economics majors with real estate agents transact in residential as well as commercial properties. They can be involved in buying, selling or leasing of the properties. Most of the cases, they are confined to a geographical area and are expected to know the real estate market in details. Their job involves understanding the client needs, short listing of properties, and marketing the right properties to right clients. Candidates with economics major can consider this profession as their analytical skills can help them succeed. Real estate agents without experience can start at junior levels and can increase their potential by obtaining experience and licenses. Some of the most important skills are strong communication, excellent local knowledge and ability to negotiate.

oneinchpunch/Shutterstock.com

32. Survey Researchers

Median Salary in USD: 52,400
Minimum Salary in USD: 25,680
Job Outlook (Growth in %): 1.00

Businesses make decisions based on information about their customers and markets, and survey researchers who rank 32th on our list of entry level job opportunities for economics majors, provide the ways and means to collect such information from right sources. They also administer the surveys, compile data, analyze and prepare reports for the concerned stakeholders like brand managers, senior management, etc. Some of the most important skills are being able to work through a significant amount of data, ability to use statistical modeling programs and asking the right questions.

31. Broadcast News Analysts

Median Salary in USD: 57,200
Minimum Salary in USD: 25,690
Job Outlook (Growth in %): 8.00

They develop the stories that reporters and editors provide to them. They also research for ideas and leads that have the potential to be noticed by the large audience. Another interesting part of their job profile is that they entrusted with meeting and sourcing information from experts in respective fields. With rapid digitalization, these analysts are in high demand with the TV, radio, and websites, alike. As they move up in the hierarchy with experience, these become anchors and commentators. Some of the most important skills are presentation skills, impressive personality, persistence and excellent command over language, writing skills.

Pixabay/Public Domain

30. Financial Clerks

Median Salary in USD: 49,200
Minimum Salary in USD: 25,740
Job Outlook (Growth in %): 9.00

This job ranks 30th on our list of entry level job opportunities for economics majors. It pays well and still has least qualification criteria as most skills required for this job are imparted through on-the-job training. However, this job makes it to our list of entry level job opportunities for economics major because there are plenty of jobs available in this position and they are expected to keep growing at steady pace. However, digitalization and companies hiring single candidates for performing various cross-functional activities can reduce the number of positions available under this job category. Some of the most important skills are fluency in data processing, good at calculus and strong coordination skills.

Pixabay/Public Domain

29. Assessors of Real Estate

Median Salary in USD: 64,460
Minimum Salary in USD: 27,060
Job Outlook (Growth in %): 14.00

As the name suggests, assessors of real estate who rank 29th on our list of entry level job opportunities for economics majors, primarily focus on valuation of buildings as well as land assets. This includes verifying legitimate holding of the property, on-site reconnaissance, prepare a list of properties that have similar characteristics that can provide guidance for evaluation of the property under consideration and write their findings in a concise report. Unlike real estate appraisers, real estate assessors may or not require a license and might just require a simple certification course. Some of the most important skills are report writing, networking skills, number crunching abilities, customer servicing and relationship management.

28. Mortgage Loan Associate

Median Salary in USD: 40,901
Minimum Salary in USD: 27,955
Job Outlook (Growth in %): 11.00

These guys evaluate the creditworthiness of individuals before the loans can be approved. They can be associated with different institutions like banks, mortgages dealers, creditors, etc. However, more or less their work profile comprises of documentation, background verifications of the creditors, financial assessment, they also need to meet the loan applicants and their representatives. Based on the assessment and information available, mortgage loan associates suggest right type of loans and their salient features. They might require a license before they can perform their job activities. Some of the most important skills are excellent interpersonal skills, thorough documentation and ability to source prospective clients.

Pixabay/Public Domain

27. Revenue Agent

Median Salary in USD: 59,340
Minimum Salary in USD: 31,860
Job Outlook (Growth in %): -1.00

Up next on our list of entry level job opportunities for economics majors we have revenue agents who focus on tax filing returns of the businesses. Their job activities involve scrutinizing submitted tax papers and validating the same, looking for any errors in complying with the related tax laws and reporting such errors. As such apart from being meticulous in their work, revenue agents need to be abreast of the tax laws and any changes that take place. Some of the most important skills are working with details, precision in calculations, familiarity with computer programs and coordination skills.

Pixabay/Public Domain

26. Securities Trader

Median Salary in USD: 102,680
Minimum Salary in USD: 33,340
Job Outlook (Growth in %): 6.00

Dealing with investors’ investments is their main job responsibility, and as such, they have to spend a considerable amount of time understanding investment goals of their clients, who may be individuals or businesses. They also look for prospective clients with potential to invest. Recommending best investment options, trading in securities on behalf of the client are some of their job activities. They should always be in touch with securities markets as well as should know any development that may have an impact on the performance of securities. Some of the most important skills are excellent interpersonal skills, ability to multitask, and sound knowledge of securities market.

25. Market Research Analyst

Median Salary in USD: 72,880
Minimum Salary in USD: 33,950
Job Outlook (Growth in %): 23.00

In today’s ever so competitive business environment, where the whole world is a potential marketplace, companies try to ascertain the profitability of their ventures. It is like knowing the depth of water before jumping in. And that’s what market research analysts who rank 25th on our list of entry level job opportunities for economics majors do (they do not measure water’s depth). They review, analyze and predict possible market trends which will affect product sale and brand acceptance by the consumers. They determine what is more marketable. They create reports, charts and statistical information about consumer behavior. Their information and insights help businesses change their product positioning alter product packaging to make it more appealing to the customers. Some of the most important skills are complex data analysis, familiarity with statistics, forward-thinking and data interpretation skills.

alphaspirit/Shutterstock.com

24. Auditor

Median Salary in USD:55,130
Minimum Salary in USD: 39,743
Job Outlook (Growth in %): 10.00

In our list of 35 entry level job opportunities for economics majors, this is one more job which is related to the finance sector. Auditors ensure financial records like income and expense statements, tax compliance is in order, and they prepare the financial statements. Their work is tedious as it involves coordination with various departments; have to scour through thousands of vouchers, and ensure all the numbers are right. However, their work saves companies many more dollars as financial irregularities can result in severe consequences. Since they study company’s financials in-depth, they also suggest ways to become cost-efficient. Some of the most important skills are working within deadlines, high integrity, data analysis and number crunching skills.

23. Pricing Analyst

Median Salary in USD: 52,555
Minimum Salary in USD: 40,120
Job Outlook (Growth in %): 12.00

Arriving at the right pricing for the given product or service is the function of pricing analysts who rank 23th on our list of entry level job opportunities for economics majors. Apart from that, they are also integral to devising pricing strategies, setting out budget guidelines, and giving guidance on contractual matters related to pricing. They also need to be well connected with the vendors and suppliers to understand current happenings in the marketplace. While working with government agencies, their role might focus on ensuring competitive markets, whereas in private business pricing analysts can work on identifying right prices for the products or can work on the cost-effectiveness of the operations. Some of the most important skills are emphasis on details, strong mathematical skills, ability to work with large amount of data and business networking.

Andrey_Popov/Shutterstock.com

22. Insurance Underwriter

Median Salary in USD: 73,060
Minimum Salary in USD: 40,160
Job Outlook (Growth in %): -0.05

Assessment of insurance policies and setting the right price based on risks involved in the job function of insurance underwriters. Modern-day underwriters use software that helps them evaluate insurance policies and arrive at favorable terms and conditions. It is important to note that risks are inevitable in businesses and sometimes riskier choices reap better profits. Working behind the curtains, underwriters work as an important link that helps insurance firms avoid undue risks in the already risky insurance business. Some of the most important skills are excellent decision-making skills, ability to identify various risks associated and interpersonal skills.

Adam Gregor/Shutterstock.com

21. Personal Financial Advisor

Median Salary in USD: 98,290
Minimum Salary in USD: 41,160
ob Outlook (Growth in %): 14.00

Personal financial advisors rank 21st on our list of entry level job opportunities for economics majors. They are entrusted with maximizing portfolio value of an individual. They advise and suggest their clients about various ways to invest their monies and can handle this investment over the contract period. They can be specialized in a specific investment instrument like stocks, bonds, insurance or they provide a mix of all the above mentioned. They also help the clients in managing and increasing the savings by way of efficient tax planning. Some of the most important skills are confident and impressive personality, strong communication skills and good knowledge of investment instruments.

20. Technical Writer

Median Salary in USD: 71,910
Minimum Salary in USD: 41,700
Job Outlook (Growth in %): 11.00

There are professionals who invent things; there are those who lay down procedures to follow for efficient and effective functioning. And there needs to be someone who can write all that down in easy to understand way without losing the heart of the matter. It’s like technical writers are proficient in taking a complex subject and simplifying it for the benefit of the users. As such they should have subject knowledge, and at the same time, they should be able to understand the language (not literally) that the reader will understand. Some of the most important skills are sound writing skills, emphasis on details, team-work and creative thinking.

Undrey/Shutterstock.com

19. Accountant

Median Salary in USD: 70,790
Minimum Salary in USD: 42,140
Job Outlook (Growth in %): 10.00

Whereas auditors primarily assess and review the compliance of financial records, accountants create and maintain financial records. These are the so-called “bean counters” (though accountants don’t like to be called that) in any organization and are responsible keeping the costs within the budget and ensure that the funds are optimistically utilized. Their work is detail oriented and highly stressful. They also need to interact with other departments to collate the financial data. Some of the most important skills are high integrity, excellent in mathematics and strong coordination skills.

patpitchaya/Shutterstock.com

18. Supply Chain Analyst

Median Salary in USD: 57,575
Minimum Salary in USD: 42,749
Job Outlook (Growth in %): 0.26

Today, markets are growing beyond national boundaries and making the products reach from its source location to the end user is critical to making any organization survive and grow. Supply chain analyst ranks 18th on our list of entry level job opportunities for economics majors, and ensures that the organization gets its raw materials efficiently from the sources and the finished goods reach the marketplaces speedily. They set up a network of suppliers and vendors with favorable terms and conditions for the organizations. Some of the most important skills are excellent networking skills, strong negotiations skills, problem-solving skills.

TaLaNoVa/Shutterstock.com

17. Associate in Portfolio Management

Median Salary in USD: 74,000
Minimum Salary in USD: 42,887
Job Outlook (Growth in %): 12.00

Associate Portfolio management or Junior portfolio managers rank 17th on our list of entry level job opportunities for economics majors. They create and help manage the investment accounts for the clients. Though becoming the portfolio manager takes experience, an economics major can start working for a portfolio management company, taking care of research activities. They analyze equities and other investment instruments, prepare reports, evaluate the returns on investment after working our various likely scenarios. Some of the most important skills are research skills, good in financial management and thorough knowledge of investment market.

16. Operations Research Analyst

Median Salary in USD: 109,770
Minimum Salary in USD: 43,400
Job Outlook (Growth in %): 27.00

Operation Research (OR) analysts rank 16th on our list of entry level job opportunities for economics majors. They are problem solvers by nature and assist organizations in making sense out of complex data. As OR is applicable to various disciplines like healthcare, logistics, consumer behavior, OR analysts have a wide variety of opportunities. However, a flair for mathematics and statistics is must if you want to make it big as OR analyst. They define problems for the senior management, source and compile the information that would help in solving these problems, form mathematical/statistical models to arrive at the solution and present the same in report format, including their suggestions. Some of the most important skills are creative thinking, problem-solving abilities and persistence.

Pixabay/Public Domain

15. Investor Relations Associate

Median Salary in USD: 51167
Minimum Salary in USD: 46,000
Job Outlook (Growth in %): 10.00

Creating a lasting relationship with company’s investor is the task entrusted to investor relations associate who rank 15th on our list of entry level job opportunities for economics majors. They ensure that investors’ concerns are heard and responded to. They attend the meetings with the investors; help their seniors in preparing reports for the investor and depending on the industry they work in, they might have to take up additional functions related to marketing, corporate communications. Their actions have an impact on the company’s valuation and as such this role is for those who are precise in work and communication. Some of the most important skills are listening skills, business networking, report writing and excellent communication.

Pixabay/Public Domain

14. Credit Analyst

Median Salary in USD: 69,930
Minimum Salary in USD: 46,348
Job Outlook (Growth in %): 8

Even before the credit can be approved, credit analyst who ranks 14th on our list of entry level job opportunities for economics majors, reviews and assesses creditworthiness. They work out the risks involved in extending to a specific individual or business. While establishing this, they have to study financial reports on the entity, past performance, credit history, and any other relevant information. At the entry level, they may be entrusted only with data collection and compilation than creating comprehensive credit reports. Some of the most important skills are detailed research, report writing and proficiency in mathematics.

Sergei Gontsarov/Shutterstock.com

13. Financial Examiner

Median Salary in USD: 115,930
Minimum Salary in USD: 46,400
Job Outlook (Growth in %): 10.00

Another of those entry level job opportunities for economics major which involves a lot of reviewing and ensuring compliance with the financial regulations. Financial examiner, as the name suggests, look out any deviations in the financial reporting (before these reports are reported to the authorities) so that it does not have an adverse impact on the organization. They also need to be abreast of the policy changes and should be able to forecast the likelihood of the same in the near future. Some of the most important skills are emphasis on details, precision in reporting, persistence and ability to work continuously with numbers.

12. Statistician

Median Salary in USD: 109,630
Minimum Salary in USD: 46,500
Job Outlook (Growth in %): 33.00

Up next on our list of entry level job opportunities for economics majors are statistician who applies mathematical and statistical theories to real-world problems to arrive at solutions that would help business in performing efficiently. Their work involves many different activities like the design of surveys, data analysis, and interpretation, developing statistical models, report writing. Some of the most important skills are excellent problem-solving skills and to be good in statistics.

Pixabay/Public Domain

11. Management Analyst

Median Salary in USD: 87,480
Minimum Salary in USD: 46,560
Job Outlook (Growth in %): 12.00

In simple terms, management analysts ensure the business run smooth. They review and analyze performance, make an assessment about current systems and procedures, present scenarios to the management regarding likely changes and their impact on the business and suggest an optimal solution in case there is any room for improvements. The responsibility of management analysts doesn’t end at implementing the solution; they have to monitor adherence to these changes in the long run. Some of the most important skills are problem-solving, excellent communication, interpersonal skills and report writing.

10. Budget Analyst

Median Salary in USD: 81,550
Minimum Salary in USD: 48,300
Job Outlook (Growth in %): 7.00

When we are listing entry level job opportunities for economics majors, the list seems to go on and on, and opposite to that budget analysts work involves keeping in limit the resource allocation. They review the resource requirements for projects or departments or for businesses as a whole and accordingly set the upper limits of resources mainly financial resource allocation. Their work helps managers in the backward calculating allocation of time and manpower as well as other resources. Budget analysts apart from setting the budgets also take up the role of monitoring so as to keep the expenditure within the budget, thereby maximizing profitability. They perform an integral role in developing a strategic roadmap for the companies by estimating future needs for fund based on the growth plans. Some of the most important skills are strategic thinking, emphasis on details and report writing.

Andrey_Popov/Shutterstock.com

9. Environmental Economist

Median Salary in USD: 93,070
Minimum Salary in USD: 49,940
Job Outlook (Growth in %): 6.00

Sustainable development is need of the hour, and it has gone beyond keeping the businesses profitable. It also means our interaction with the environment surrounding us and protection and preservation of this environment that provides us natural resources has become a high priority. Environmental economists study the impact of business operations on the environment and establish ways to ensure optimum distribution of natural resources so as to minimize the impact on the ecological systems. They work in areas like improving land use, conservation programs. Their work is important in regulating businesses that can have an adverse impact on the environment like mining, transportation, etc. Though this is a research-oriented profession, report writing and communication is equally important. Some of the most important skills are report writing, compassionate towards eco-system, research and business networking.

ESB Professional/Shutterstock.com

8. Contract Specialist

Median Salary in USD: 89,000
Minimum Salary in USD: 50,000
Job Outlook (Growth in %): 2.00

Every business transaction is validated by a formal written communication which is often is in the form of the contract document. The work of contract specialists ranks 8th on our list of entry level job opportunities for economics majors. It revolves around creating, maintaining, executing and monitoring such contracts. The contracts can be related to manpower, material or services and accordingly contract professional develop their career. The most important aspect of their job involves “reading-between-the-lines” to ensure that the contracts are devoid of any unfavorable terms and conditions for their organization. Some of the most important skills are excellent writing skills and reading capability to work long hours.

Antonio Guillem/Shutterstock.com

7. Financial Analyst

Median Salary in USD: 96,930
Minimum Salary in USD: 50,350
Job Outlook (Growth in %): 11.00

Financial analysts’ job ranks 7th on our list of entry level job opportunities for economics majors. They have interesting work profile which involves a combination of research and consultancy roles. They review possible means to invest company’s financial resources so as to maximize returns. While doing so, they have to take into account business and economic trends. Review of present and past financial performance, identifying possible investment opportunities, analyze economic trends, creating in-depth investment reports are some of the tasks carried out by the financial analysts. Some of the most important skills are risk analysis, report writing and communication skills.

Pixabay/Public Domain

6. Foreign Service Economic Officer

Median Salary in USD : –
Minimum Salary in USD: 53,090
Job Outlook (Growth in %): 10.00

These are the individuals who represent a country around the world. They are posted around the world and can be assigned to various roles like the consular officer who help citizens based or traveling abroad, the economic officer who promote trade relations with the host country. Research and analysis, report writing, attending important trade seminars and meetings, creating a commentary on political, economic conditions in the host country are some their job functions. This career is especially attractive for those economic majors who are fascinated by travel and different cultures. Some of the most important skills are excellent communication skills, knowledge of the language, and ability to handle stressful situations.

Rawpixel.com/Shutterstock.com

5. Economist

Median Salary in USD: 101,050
Minimum Salary in USD: 55,150
Job Outlook (Growth in %): 6.00

This is the pure economics related job on our list of entry level job opportunities for economics majors, for which economic majors are trained for. Economists, depending on the domain or industry in which they work in, have a responsibility to review, analyze and predict future economic trends. In a way, we can call them economic consultants. However, their primary job activities involve analyzing resource distribution, identify factors affecting growth, and create reports on solutions to economic problems. Entry level jobs are mostly available in government agencies. Some of the most important skills are problem-solving, strong mathematical skills and report writing.

Pixabay/Public Domain

4. Sales Manager

Median Salary in USD: 151,030
Minimum Salary in USD: 55,790
Job Outlook (Growth in %): 7.00

If you know it, you can sale it, that’s one of the basic principles of sales management, economic majors having good knowledge of products can perform better as sales manager as they can also understand the economics of demand and supply better. As a sales manager, they may be involved setting annual targets, creating strategies to achieve those targets. They also can become excellent customer service associates because of their analytical skills and in-depth knowledge. Some of the most important skills are exceptional interpersonal skills, dynamic personality, problem-solving and communication skills.

Pixabay/Public Domain

And now, let’s see the top three entry level job opportunities for economics majors with political research assistants.

3. Political Research Assistant

Median Salary in USD: 119,800
Minimum Salary in USD: 57,750
Job Outlook (Growth in %): 2.00

We are continuing our list of entry level job opportunities for economics majors with political research assistants who study the interactions between the governments and the foreign nations; uncover trends that relevant to the nation. They are instrumental in creating the government policy document in the context of international politics. They also create commentaries on the political situation in the country, can predict election trends. As such their services are sought by the governments as well as by private institutions. Another career alternative for economic majors interested in the political field is the career to be a political campaigner. Some of the most important skills are creative thinking, report writing, multidisciplinary knowledge and impressive oratory skills.

2. Actuary

Median Salary in USD: 93,370
Minimum Salary in USD: 58,910
Job Outlook (Growth in %): 22.00

Financial markets are having many factors affecting its performance. Social, political, economic, international, geographical parameters can affect the financial markets in either positive or negative manner. These parameters and their interaction along with various other parameters integral to the financial markets increase the uncertainty. Uncertainty gives rise to risks. An actuary’s job which ranks second on our list of entry level job opportunities for economics majors, involves identifying those risks that have an adverse impact on the financial performance and create a mechanism to mitigate risks. There work is essentially important for the insurance sector. Some of the most important skills are statistical modeling and emphasis on detail and presentation skills.

Adam Gregor/Shutterstock.com

1. Financial Manager

Median Salary in USD: 121,750
Minimum Salary in USD: 65,000
Job Outlook (Growth in %): 19.00

As we conclude this long (36 pages long to be precise) journey on 35 entry level job opportunities for economics majors, it’s time to reveal the job that makes it to the number 1 based on the minimum salary that the prospective candidate can expect. Financial managers are like the fitness coaches who take measures to keep companies financial fit. They are responsible for preparing management reports, analyze expense statements, and implement ways to increase profitability. Financial managers are important to ensure that availability of fund doesn’t become a challenging issue. They oversee other functions which prepare, plan and monitor budgets. They set short and long-term financial goals. During the crisis times, they are the ones who implement austerity measures. And they are the ones who always question marketing managers about the relevance of advertising spend to the revenue generation. On a serious note, financial managers are essential at the heart of the matter when it comes to keeping the business alive. Some of the most important skills are excellent long-term vision, good with business strategy and financial knowledge and mathematical modelling.

lOvE lOvE/Shutterstock.com