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Online Degrees

Part of Western Governors University

Economics at WGU

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Are You Looking to Get an Economics Degree?

Currently, WGU doesn’t offer an economics degree, but there may be another degree program that WGU offers that could be a good—or even better—fit. Students who want to pursue a degree in economics may get the educational background they need from other finance, business, and data-based degree programs. Like many econ degree programs, similar programs at WGU can help you learn the skills you need for a career in economics, ranging from foundations that will assist with entry-level positions, all the way up to the know-how you need for advanced roles. Learn more about the degree options available to you at WGU that will give you the education you need for a career in economics.

Pathways to an Economics Careers

According to LinkedIn, there are currently over 105,000 jobs across the United States that are connected to the world of economics. The listings include roles such as junior portfolio manager, data analyst, investment associate, and many more. For each of these jobs, there may be other degrees that can give you the skills and background you need in economics to move forward with these career options.
 

Bachelor of Science in Business Management

A bachelor's degree in business management is a great option if you want to pursue a career in economics. This degree program gives you the skills you need to prove your strengths to potential employers in the field, with an overview of the business world that will prepare you to become a leader. Many of the skills you’ll learn are directly related to economics, including financial accounting and management, economics, and more.

By opting for a business management degree, you’re setting yourself up for success by learning more about business and how it works. Because careers in economics rely on business fundamentals such as management skills and working with budgets, this degree program gives you a firm foundation on which to build your economics career.

Some of the courses you’ll take in a business management degree program include:

  • Best Practices in Management: Projects, Staffing, Scheduling, and Budgeting

  • Fundamentals for Success in Business

  • Finance Skills for Managers

  • Managing in a Global Business Environment

  • Innovative and Strategic Thinking

Bachelor of Science in Accounting

Securing a bachelor’s degree in accounting is another excellent option if you want to build a career in economics. The two categories are built on similar foundations, making them closely related—which means the coursework and skills are similar enough that you’ll glean a lot of valuable information from this degree program. Over the course of your schooling, you’ll take classes in business, financial accounting and management, economics and more.

Once you obtain this degree, there are many different economics careers that you can pursue. Because you learn so much about the financial world in this degree program, such as historical financial information and managerial accounting skills, your degree will make you an attractive prospect to hiring managers in the world of economics.

Some of the courses you’ll take in an accounting degree program include:

  • Financial accounting

  • Managerial accounting

  • Accounting information systems

  • Economics

  • Finance skills

  • Business structure and law



     

Bachelor of Science in Data Management and Data Analytics

By earning your bachelor’s degree in data analytics and data management, you’re at the forefront of the digital revolution that’s changing the economic landscape. Taking this degree program gives you valuable skills in database management, data wrangling and analysis, as well as the leadership and management skills that are important to have in high-level economic roles

In this unique degree program, you’ll become well versed in both data analytics and management. Most degree programs focus on one or the other; however, WGU combines the two categories to make the most of your schooling. This degree program also offers valuable, well-recognized certifications such as CompTIA and CIW that will grab the attention of recruiters, hiring managers, and HR professionals that are in charge of finding the right talent for economic jobs.

Some of the courses you’ll take in a data degree program include:

  • IT Leadership, Data Governance

  • Data Systems Administration

  • Advanced Data Management

  • Introduction to Data Science

  • Data Wrangling and Analysis

  • Spreadsheets

Strategic planning on tablet

$87,660

is the average annual salary for business analysts with a bachelor’s degree according to the BLS.

Economics Career Options

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There are numerous types of careers you can get with a degree in economics. There are select roles—like that of a statistician or economist—that may specifically require an economics degree. However, there are many other options that could help you pursue a career in an economics or similar field, that may ultimately be a better fit for your career goals. Understanding different career options and how degrees prepare you for those roles is crucial in making your decision.

What Does an Economist Do?

Economists collect and analyze data to help them evaluate economic issues and make forecasts. They do this by researching trends, studying production and distribution for a variety of entities, and craft reports to illustrate their learnings and help others understand what they’re seeing. Macroeconomics studies the whole of an economy, while microeconomics studies the behavior of individuals or firms in making decisions in the larger economy.

What Does a Statistician Do?

By applying mathematical theories, statisticians answer questions and solve problems using data. These skills can be applied to a variety of fields including business, economics research, engineering and more. They can also design experiments, surveys, and more to collect the data they need.

What Does a Business Analyst Do?

Business analysts offer a bird’s eye view of a business’s processes and systems and help companies and organizations to streamline their approach to make them more efficient. This is accomplished through research and analysis, which helps to identify issues and create solutions.

What Does a Financial Consultant Do?

Companies reach out to financial consultants to help them improve their financial conditions. Working as an outside contractor, a financial consultant has more freedom as they offer advice to their clients on how to optimize their finances.

What Does a Risk Analyst Do?

Sometimes businesses need a little help deciding whether or not a certain action would be a good or bad move for their company to make. In these times, a business may reach out to a risk analyst to help them make this decision. A risk analyst will look at financial data to help determine outcomes and offer reports and other insights that will help the company make their decision.

What Does an Investment Analyst Do?

An investment analyst does research, collects information and analyzes assets, which may include commodities, currencies, interest rates, stocks, and more. By focusing their efforts on a specific industry or region, an investment analyst may become an expert in their field and become a go-to resource for select companies and businesses.

Woman writing on paper in business setting

13%

career growth is expected by 2030 in economist professions, according to the BLS.

Frequently Asked Questions about Economics Degrees

Is Economics a Good Degree?

Any degree program is a good choice, as having post-secondary education always stands out to hiring managers at prestigious companies. However, an economics degree is not the only degree program you could pursue if you want a career in economics. You can also pursue degrees in data analytics, business management, and accounting.

What is an Economics Degree?

An economics degree includes coursework on business, statistics, and more, with explorations of financial markets, consumer demand, and supply and demand. However, an economics degree isn’t the only degree program where you can learn this information. Other programs, such as a degree in accounting, business management, or data analytics, will teach you these lessons and so much more to set you up for a long-lasting career.

Is an Economics Degree Hard?

Any degree program comes with challenges, as you’re learning something new to prepare you for career success. However, with a degree program at WGU, you can choose a similar degree path that you can do on your own schedule and work with as much support as needed to complete your program as slow or as fast as you want.

Why choose WGU?

Choosing a WGU business management or accounting degree over an economics degree somewhere else may be the best choice for you because:

  • WGU offers a low, flat-rate tuition that charges you the same amount per six-month term, regardless of how many classes you take.

  • WGU gives you a competency-based education, so you can use your knowledge to your advantage and accelerate your program so you can graduate faster and save money.

  • WGU offers scholarships and financial aid to help make our already-affordable tuition even more accessible for every student.

  • The coursework in WGU’s degree programs is career-focused and designed to translate directly to your work post-graduation.

They're Prepared

97% said that their WGU graduates were prepared for their jobs

97% of employers said that WGU graduates were prepared for their jobs.

They're Top Candidates

95% said they would hire another WGU graduate

95% of employers said they would hire another WGU graduate.

They Wow

98% of employers said WGU graduates meet or exceed expectations

98% of employers said WGU graduates met or exceeded expectations.

Source: 2021 Harris Poll survey of 300 employers

Which Degree Should You Choose?

Business Management – B.S. Business Administration

Hone your business acumen and garner added respect:...

Hone your business acumen and garner added...

Hone your business acumen and garner added respect:

  • Time: 70% of graduates finish within 41 months.
  • Tuition and fees: $3,720 per 6-month term.

Sample careers and jobs this business degree will prepare you for:

  • Account executive
  • Business analyst
  • Program manager
  • Director or senior director
  • Vice president

This online degree program is an excellent choice for kick-starting your organizational management career.

Accounting – B.S. Business Administration

Have a knack for numbers or fine-tuning finances?...

Have a knack for numbers or fine-tuning finances?...

Have a knack for numbers or fine-tuning finances?

  • Time: 70% of graduates finish within 41 months.
  • Tuition and fees: $3,720 per 6-month term.

Some careers and jobs this business degree will prepare you for:

  • Accounting manager
  • Financial director
  • Vice president of finance and operations
  • Chief financial officer
  • Forensic accountant

Take your first step toward CPA certification and learn how to use GAAP, ledgers, and journals.

Data Management/Data Analytics – B.S.

Lean into data, and walk away with a cutting-edge online degree:...

Lean into data, and walk away with a cutting-edge...

Lean into data, and walk away with a cutting-edge online degree:

  • Time: 70% of graduates finish within 35 months.
  • Tuition and fees: $3,920 per 6-month term.
  • Certifications: CIW and CompTIA certs, all included.

Unique to WGU's program is the incorporation of a Udacity Nanodegree—a highly recognized credential designed to prepare you for a career in data science.

Certified Internet Web certification included:

  • CIW Data Analyst

CompTIA certifications included:

  • CompTIA A+ (Parts 1 and 2)
  • CompTIA Network+
  • CompTIA Project+
  • CompTIA IT Operations Specialist