Economics

The Bachelor of Arts degree in Economics prepares students for well-paying positions in both business and government. Economists work in all facets of the business world, including banking, insurance, mining, manufacturing, and retailing. Since economists are trained to think analytically and critically to solve complex issues, a degree in economics is one of the best majors for students intending to enter a master of Business Administration program, as the economics degree will develop the skills that business schools are looking for in their applicants. For the same reason, economics is one of the best undergraduate preparations for law school. The economics profession has grown rapidly since the end of World War II. In today’s globalized economy, both large and small firms hire economists. Larger firms frequently have large divisions dedicated to economic research, while smaller firms tend to rely on economists to help in finance, planning, and forecasting.

Developing Leaders

A great many corporate CEOs in today’s business world rose to their positions through the economics division. The power of analyzing critical data is great, and can lead to remarkable opportunities.

What You Can Do With This Degree

 The Bachelor of Arts in Economics prepares students for success in a wide variety of careers including:
  • budgeting
  • financial analysis
  • banking
  • education
  • investments
  • economic development
  • international development
  • urban planning
  • journalism

According to the U.S. Bureau of Labor Statistics, private industry provides about nine out of ten salaried jobs for economists. A wide range of government agencies provides the remaining jobs.

Explore careers for economics majors.


University of Illinois Springfield Associate Professor of Economics Patricia Byrnes uses her research into local economic development to teach students about business and the economy.

Meet Kaelan Smith, a Political Science and Economics Major.