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  Career Services Center
University of Delaware
401 Academy Street
Newark, DE 19716
Phone: 302.831.2392
Fax: 302.831.1452
udcareers@udel.edu

Hours:
Mon - Fri: 8am to 5pm
Major Resource Kit

Economics

In broad terms, economics is the study of mankind's efforts to obtain the goods and services required for survival, for reasonable comfort and, when possible, for affluence. It thus concerns itself with all the problems associated with society's struggle to survive and prosper in a world possessing limited productive resources coupled with seemingly unlimited human desires. Business administration shares with the discipline of economics some of the same conceptual concerns, but its focus is on the business firm and its well-being. Economics is a social science focusing on the economic well-being of society.

The faculty members of the Department of Economics have specialized backgrounds in many areas: economic analysis of societal concerns such as inflation and national output, and the problems of individual companies and consumers, public finance, regulations, economic history, economics of developing nations, econometrics and forecasting, money and banking, international economics, urban economics, labor, economics of poverty, government and business and market structure. A student may elect to pursue a Bachelor of Arts in the College of Arts and Science or of the Alfred Lerner College of Business and Economics, or a Bachelor of Science in the Lerner College of Business and Economics. Double majors in both colleges are also possible.

The completion of a major in economics will not create a professional economist, but it will provide the general background necessary for graduate study in the field and for a wide variety of jobs which necessitate analysis.

Approximately 25% of the University's economics majors continue their education with enrollment in law school or graduate programs in economics or business administration. It is also appropriate preparation for programs in urban affairs, public administration or international relations. Economics majors seeking employment immediately after college generally choose jobs in management, insurance, real estate, financial analysis, computing systems, consulting, banking, sales and public administration. Course work in quantitative areas enhances job opportunities for economic majors. Students should contact the departmental office, 406 Purnell Hall, visit the departmental website at www.udel.edu/Economics, or call 831-2565 for more information.

Sample Job Titles

Bachelor's Degree/Entry Level Further Education/Experience Often Required
*financial analyst *marketing manager
*management trainee *economist
*economic analyst *managing consultant
*trade specialist *investment banker
*credit analyst *controller
*trust officer *market researcher

Check the Dictionary of Occupational Titles under section 050 for additional related careers.

Enhancing Employability

- Participate in Internships, Field Experience Placements and Alumni Mentor Network.
-
Sample UD Field Experiences: Dean Witter Reynolds, Delaware Development Office/World Trade Section
- Plan on graduate degree for advancement.
- Acquire advanced sophisticated math and statistical knowledge.
- Develop ability to think in theoretical terms and apply to practical situations.
- Join relevant student organizations to develop leadership skills.

Some Employers of Economics Majors

Ameriprise Financial
www.ameriprise.com

Board of Governors of the Federal Reserve System
www.federalreserve.gov

Cambridge Associates
www.cambridgeassociates.com

CIGNA
www.cigna.com

Citigroup Corporation
www.citigroup.com

Economy.com
www.economy.com

EI DuPont de Nemours
www.dupont.com

Federal Reserve Bank of NY
www.newyorkfed.org

GEICO Direct
www.geico.com

ING Direct
www.ingdirect.com

MassMutual
www.massmutual.com

Merrill Lynch
www.ml.com

Northrop Grumman
www.northropgrumman.com

Smith Barney
www.smithbarney.com

Vanguard
www.vanguard.com

Wells Fargo Financial
www.wellsfrago.com

Other Sources of Information

National Association for Business Economists       
www.nabe.com

American Economic Association
www.aeaweb.org 

Econ Jobs
www.econ-jobs.com

Economics Bulletin
www.economicsbulletin.com

Institute for International Economics
www.iie.com

National Council on Economic Education
www.ncee.net

JOE - Job Openings for Economists
www.aeaweb.org/joe

State of Delaware (list of agencies)
www.delaware.gov/egov/portal.nsf/portal/agencylist_dept

The Riley Guide
www.rileyguide.com

Resources for Finding Employment

Found at the Career Services Center's Career Library (first floor):
  • Blue Hen Careers -- Internships, Part-time, Summer, and Full-time Jobs -- All in one place
  • Top Careers for Business Graduates (CSE 83)
  • Great Jobs for Business Majors(CSE 84)
  • Careers in Focus - Business (CSE 85)
  • Careers in Focus - Entrepreneurs (CSE 88)
  • Great Jobs for Economics Majors (CSE 89)
  • Top Careers for Economics Graduates (CSE 91)
  • Careers in Business (CSE 99)
  • Careers in International Business (CSE 100)
  • Management Consulting (CSE 111)
  • Opportunities in Insurance Careers (CSE 145)
  • Opportunities in Banking Careers (CSE 150)
  • Careers for Financial Mavens & Other Money Movers (CSE 163)
  • Careers in Finance (CSE 164)
  • Graduate Programs in Business, Education, Health, Information Studies, Law & Social Work (GS 40)
  • National Association of Colleges & Employers (NACE) Annual, Vol. 2
  • www.udel.edu/CSC/netresources.html CSC's Internet Resources

Further information including: Skills to Develop, Strategies for Contacting Employers, Grad School Information, and where to get assistance is available in the CAREER LIBRARY located at 401 Academy Street.


Last updated: December 15, 2011 (CH)