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Economics at WGU

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 a Economics Career

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

$87,660

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

Careers Related to Economics

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.

13%

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

Why Choose WGU?

There are several reasons WGU’s online degree programs are a great fit for students:

  • It’s affordable. Our low, flat-rate tuition is charged per six-month term and covers as many courses as you complete in that time.
  • It’s career focused. WGU’s degree programs are designed with your future employment and success in mind, so the skills you learn will translate directly to your career.
  • It’s accessible. Along with our already-low tuition, our scholarships and financial aid make college even more affordable.
  • It’s at your pace. Thanks to our competency-based education, you can pass courses by proving what you know, meaning you can speed up your program and potentially graduate faster.

 

Prepared for Success
on the Job

From a 2021 Harris Poll of 300 employers of WGU graduates

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

95% of employers said that they would hire another WGU grad.

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

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 respect:

  • Time: 70% of graduates finish within 42 months.
  • Tuition: $3,575 per 6-month term.
  • Courses: 40 total courses in this program.

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?

  • Time: 70% of graduates finish within 42 months.
  • Tuition: $3,575 per 6-month term.
  • Courses: 41 courses in this program.

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 online degree:

  • Time: 70% of graduates finish within 37 months.
  • Tuition and fees: $3,625 per 6-month term.
  • Courses: 39 total courses in this program.

Certifications in this program at no additional cost include:

  • CIW Data Analyst
  • CompTIA A+ (Parts 1 and 2)
  • CompTIA Network+
  • CompTIA Project+
  • CompTIA IT Operations Specialist
  • Udacity Nanodegree—a unique, highly recognized credential designed to prepare you for a career in data science

There are many job titles a degree in data management and data analytics will prepare you for, including:

  • Data Scientist
  • Automation Architect
  • SQL Query Builder
  • R Programmer
  • AI Trainer
  • Tableau Report Developer
  • QA Analyst
  • Python Programmer
  • Analytics Manager
  • Data Analyst
  • Database Administrator
  • Statistician

Frequently Asked Questions about Economics Degrees

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.

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.

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.