The best paying jobs for economic majors is a field that offers a wide range of career opportunities, and its graduates are in high demand across various industries.
Pursuing a degree in economics equips individuals with analytical and critical thinking skills, making them well-suited for numerous high-paying positions.
In this article, we will explore the top 25 best-paying jobs for economics majors, providing insight into their average salaries and a brief description of each role.
Now, let’s dive in!
Best Paying Jobs for Economic Majors
1. Chief Financial Officer
Annual Salary: $200,000+
As the top financial executive in an organization, CFOs oversee financial strategies, analyze financial risks, and make informed decisions that drive the company’s financial growth and stability.
2. Investment Banker
Annual Salary: $150,000+
Investment bankers assist corporations, governments, and institutions in raising capital, mergers and acquisitions, and strategic financial planning, often earning substantial salaries through commissions and bonuses.
3. Economist
Annual Salary: $110,000+
Economists analyze economic trends, conduct research, and provide valuable insights to businesses, government agencies, and research institutions to help shape economic policies and strategies.
4. Data Scientist
Annual Salary: $105,000+
With a strong background in data analysis and statistical modelling, economics majors can excel in data science roles, where they extract meaningful insights from large datasets to drive business decisions.
5. Actuary
Annual Salary: $100,000+
Actuaries assess and manage financial risks, especially in insurance and finance sectors, by analyzing data, developing models, and providing risk assessments for organizations.
6. Management Consultant
Annual Salary: $95,000+
Management consultants advise companies on optimizing operations, improving efficiency, and enhancing profitability by analyzing data, identifying problems, and recommending strategic solutions.
7. Financial Manager
Annual Salary: $90,000+
Financial managers oversee the financial health of an organization, managing investments, generating financial reports, and ensuring compliance with regulations.
8. Quantitative Analyst
Annual Salary: $100,000+
Quantitative analysts, also known as “quants”, use advanced mathematical and statistical techniques to develop financial models, analyze investment strategies, and support decision-making processes in financial institutions.
9. Market Research Analyst
Annual Salary: $75,000+
Market research analysts gather and analyze data on market conditions, consumer behaviour, and competitive landscapes to help organizations make informed decisions about products, marketing strategies, and pricing.
10. Economic Consultant
Annual Salary: $80,000+
Economic consultants provide expert advice to businesses, government agencies, and non-profit organizations by conducting economic research, analyzing market trends, and offering strategic recommendations.
11. Financial Analyst
Annual Salary: $90,000+
Financial analysts evaluate investment opportunities, analyze financial statements, and provide recommendations to individuals and organizations regarding investment decisions.
12. Policy Analyst
Annual Salary: $70,000+
Policy analysts assess the impact of proposed policies, conduct research, and provide recommendations to government agencies, non-profit organizations, and advocacy groups.
13. Statistician
Annual Salary: $65,000+
Statistician Average Salary: $65,000+ Statisticians collect, analyze, and interpret data to help organizations make data-driven decisions, whether in healthcare, market research, finance, or government sectors.
14. Operations Research Analyst
Annual Salary: $65,000+
Operations research analysts use mathematical modelling and analytical techniques to solve complex problems related to logistics, supply chain management, and operational efficiency.
15. Financial Planner
Annual Salary: $75,000+
Financial planners assist individuals and families in developing personalized financial plans, including budgeting, investment strategies, retirement planning, and risk management.
16. Credit Analyst
Annual Salary: $65,000+
Credit analysts assess the creditworthiness of individuals and businesses, evaluating loan applications, analyzing financial statements, and determining the appropriate risk level for lenders.
17. International Trade Specialist
Annual Salary: $75,000+
International trade specialists provide expertise in global markets, trade regulations, and customs procedures to help businesses expand internationally and navigate complex international trade environments.
18. Insurance Underwriter
Annual Salary: $65,000+
Insurance underwriters evaluate insurance applications, assess risks, and determine coverage and premiums for individuals and businesses.
19. Real Estate Analyst
Annual Salary: $60,000+
Real estate analysts analyze market trends, conduct property valuations, and provide insights to investors and developers for making informed decisions in the real estate industry.
20. Financial Compliance Officer
Annual Salary: $55,000+
Financial compliance officers ensure organizations adhere to regulatory requirements, monitor financial transactions, and develop and implement compliance policies and procedures.
21. Sales Analyst
Annual Salary: $60,000+
Sales analysts analyze sales data, identify market trends, and provide insights to sales teams to optimize sales strategies and improve overall performance.
22. Economic Development Specialist
Annual Salary: $55,000+
Economic development specialists work with governments and organizations to promote economic growth in specific regions, developing strategies to attract investment and create job opportunities.
23. Bank Examiner
Annual Salary: $60,000+
Bank examiners assess the financial health and compliance of banks and financial institutions, examining records, conducting audits, and ensuring regulatory compliance.
24. Business Reporter
Annual Salary: $50,000+
Business reporters cover economic news, analyze market trends, and provide insights to the public through newspapers, magazines, television, or online platforms.
25. Financial Writer
Annual Salary: $45,000+
Financial writers produce informative and engaging content on financial topics, including investment strategies, personal finance, and economic trends, for various media outlets.
Best Paying Jobs for Economic Majors: Final Takeaway
The best paying jobs for economic majors provide graduates with a plethora of lucrative career opportunities.
From executive-level positions in finance to data-driven roles in emerging fields like data science, economics majors can make a significant impact across industries.
By leveraging your analytical skills and economic insights, these professionals can secure rewarding jobs that offer impressive salaries and compensation packages.
