CAREERS IN ECONOMICS
John Elway received his B. A. degree in economics from Stanford University, and he put it to work playing football.
While few of our graduates have been quite so lucky as Mr. Elway, an important test of the success of the department of economics at Loras is the demand for our graduates. That is, are our graduates acquiring employment or being accepted into graduate and professional degree programs? Over the past five years our graduates with a B.A. degree in economics have a 100 percent placement rate within these two areas. In terms of furthering their education, students are enrolled in graduate programs in economics, law, MBA programs, and health care administration programs. We are particularly proud of the fact that of those students applying to graduate programs in recent years, they have been accepted to study at such excellent institutions as the University of Wisconsin, the University of California-Berkeley, the University of Michigan, Washington University, Purdue University, the University of Missouri (Columbia), the University of Iowa, and the University of Illinois. Our graduates are located at various educational institutions and places of employment around the country, and to a lesser extent, around the world: Florida, New Hampshire, New York, Ohio, Arizona, California, the United Arab Emirates, Columbia, Egypt, and Japan.
Places of employment and types of work vary widely. In addition to graduate studies in economics, law, and business, our graduates have entered into many different careers with either private firms or government agencies: bank examiners, customer service managers, floor brokers, financial analysts, education director, credit analysts, employee benefits consultant, insurance underwriter, software developer, part-time college teachers, restaurant owner, supervisor, investments and securities analysts, teachers, securities traders, and systems analysts.
And those working as economists are well paid. A 1988 survey of business economists by the National Association of Business Economists showed average starting salaries of over $22,000, a median base salary for business economists of $56,000, and additional income from speaking, royalties, and consulting.
Economics is about making choices, so a degree in economics is useful in any walk of life!