Economics - University of North Texas Career potential Numerous careers in business are open to economics students. By choosing to study economics, you will be prepared to analyze current economic conditions for a company and to project trends that will affect business operations in the future. Or you may focus on consumer demand for your company's product and evaluate operations to determine inventories, pricing policies and production levels. As a business economist, you may be employed in banking, communications, energy, insurance, investment, manufacturing, oil and gas extraction, retailing, transportation or the utility industries. You may work for an international trade association or a governmental agency such as the Bureau of Labor Statistics, the Census Bureau, the Federal Reserve System, the Federal Trade Commission or the Treasury.
Some business economists are self-employed as consultants to companies.
Studying economics may also prepare you to enter law school. Research from the Law School Admissions Test shows that in 1994-95, among majors with 2,000 or more students taking the LSAT exam, economics students had the highest scores. The economics degree in business can also prepare you for a master of business administration program. If you want to become a research economist working for a consulting firm or a university, you will need to earn a master's and possibly a doctoral degree in economics. Otherwise, a bachelor's degree should provide you with the skills employers demand.