Bachelor of Science (BS): Economics Degree Overview
A Bachelor of Science in Economics degree program educates students on how the economy works and what issues and trends it faces. Key components of the curriculum are mathematics, sciences and technology.
Bachelor of Science in Economics
While earning a Bachelor of Science in Economics degree, students learn how financial markets work. They learn how products are manufactured, where resources come from and how resources and goods are distributed. Teachers explain economic philosophies and show students how to analyze and predict trends. The B.S. in Economics degree is offered at private and public universities and colleges. A high school diploma or its equivalent is necessary for admission.
Students take several math, science, business and computer courses while earning a B.S. in Economics. Some schools also offer a Bachelor of Arts in Economics, which requires students to take more liberal arts classes than those in a B.S. program. Some programs allow students to select a specialty within the economics field so they can tailor their curricula to their career goals. Some common classes may include:
- Economic theory
- Financial institutions
- Financial markets
Popular Career Choices
Graduates of a B.S. in Economics program can apply for entry-level jobs in numerous settings such as, non-profit organizations, private corporations, financial institutions and government. Some careers that graduates with a B.S. in Economics may qualify for include:
- Financial analyst
- Bank officer
- Purchasing agent
- Market research analyst
- Economic consultant
Financial analysts, economists and market research analysts all were projected to have average to faster-than-average increases in job opportunities from 2012-2022, according to the U.S. Bureau of Labor Statistics (BLS). As of 2012, financial analysts had a median salary of $76,950; economists made a median annual income of $91,860; and market research analysts had a median salary of $60,300, based on BLS reports.
Many students continue their studies in graduate programs by earning a master's or doctoral degree in economics. Master's students are often given more freedom to take classes that are relevant to their specific specialty within the economics field. Doctoral programs are research-intensive and prepare students for academic and research careers. Graduate degrees usually qualify individuals for more advanced and/or higher-paying positions within the job field. A B.S. in Economics also prepares students for graduate programs in law, business, international studies and other fields.
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