While many people think that an economics major leads only to economist jobs, there are more opportunities available. Often, academic and research institutions will only hire an economist who has a doctoral degree. This means that the average economics major will most likely be hired in an alternative field. Considering the mathematical, logical and analytical nature of the degree, economics majors are highly desired by employers in a range of different professions. 1. Actuary An actuary uses statistics to figure out the chances of negative events happening. Often, they work with an insurance company to figure out how likely an illness, fire, major disaster or death will occur. To do this, they use advanced mathematics to determine the statistical …show more content…
A financial analysts helps to manage client portfolios, research investment vehicles and work with financial departments. Employees in this field must be exceptionally talented at using advanced quantitative skills and statistics to write reports. In this field, employees may work with private investors, corporations, credit agencies and banks. They may research upcoming mergers, initial public offerings or investments to help clients make sound financial decisions. 4. Management Consultant A management consultant must use their economic knowledge to help business become more efficient and find solutions. College graduates are often hired as research assistants and junior consultants initially. Once they show that they are able to do the work, they may be promoted to the senior staff. In this career, employees are expected to use financial and quantitative modeling to analyze business issues. 5. Economics Consultant companies always need economics consultants to research trends and industry changes. They may be hired to testify in legal trials or help improve the financial efficiency of the business. Economic consultants must use analytical, mathematical and research skills to forecast potential economic trends. Through their work, the economics consultant may help corporate clients to decide on mergers, investments and expansions for their
Truck driving is a much needed career to help transport goods across the United States and other local areas. Commercial Truck Driving is the career I choose to uphold. Trucking is a way of transportation needed to keep business going. Trucking has been a part of my family for years so I fell in love with trucks now I won’t to drive my own. This career has a good background, career requirements, job positions, and a good reflection.
Accounting is basically a service activity. Its purpose is to provide quantitative information that principally used by the managers, investors, tax authorities, and other decision makers to make the financial decisions within companies, organizations, and public agencies. Accounting is also widely known as the “language of business.” An accountant measures, communicates, and interprets financial activities. They prepare financial statements or reports for individuals, businesses, government agencies, or other non-profit organizations. They use the accounting systems to categorize the expenses and income to the typical groups. They also keep tract of the money received or paid out to see if the transactions are accurate and complete. Accountants are familiar with the computer operation. They use the computer...
One way these businesses seek to do this, is the collection of quantitative data and various sampling methods as a way to help find intuitive ways to solve the problems they have, or to make what they better. There are several ways to collect meaningful data, using both descriptive and inferential statistical methods. For example, in a business setting descriptive statistics can show an increasing trend in profits, however if you look at the inferential statistics of customer satisfaction surveys we may see a decline. This would lead you to say, profits are going to decrease unless a solution is made
Economics can be a tricky subject to explain to the general public. People often view Economics as a broad scope of finance. While Economics does look at the financial industry quite a bit, it is not solely about stocks and bonds. As Merriam-Webster describes, Economics is “a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services.” The important aspect to gain from this definition is that Economics is a social science, which means the discipline studies human behavior. Economists study human behavior regarding the
Business analysts use financial analysis to make a recommendation for prospective investments by comparing one solution or several solutions with others.
Each person has a different idea of what it means to be successful. After talking to my family and some friends, I know that I have several strengths and weaknesses. I know that I will face some opportunities and threats. Also, I know that I will have competitors. In this competitive business world, understanding what is truly valuable to me is a major step towards achieving my goal. My strengths are my languages, technology skills, education, work ethic and the ability to follow directions. My weaknesses are communication skill, lack of U.S culture and working experience. Increasing job demand, globalization and accountant role expanding are three major opportunities in accounting field. Information technology, uncertainty of recession and starting salary are 3 major threats to my financial success. I will face all the accounting major competitors from the Midwest.
In support of this, evidence has shown that analysts utilize much of their time in research related to investment banking (Sirri 24). Analysts usually receive commissions from the banks in which they help acquire new underwriting deals. The method of compensating research personn...
An accountant makes sure that the Nation’s firms are run efficiently, the public records are kept accurately, and that taxes are paid properly and on time (“Accountants and Auditors”). Accounting is the study of how a business tracks their income, assets, expenses, and many other things for a period of time. They also do many other things like quality management, tax strategy, and health care benefits management (“Welcome to Careers in Accounting”). An accountant is crucial to the success of a business, without one the business tends to fail.
Becoming a financial analyst will allow me to enjoy a career in the finance field that pays well and also offers ample opportunities. The position of a financial analyst is growing very fast and so there are more opportunities for me to become a financial analyst. Being a financial analyst will not only put me in a powerful position within the organization but it will also teach me skills that I need about investing for my own financial life. Some of the qualifications for the career that I already have include a bachelor’s degree in finance, technology experience (Microsoft word, Microsoft outlook), skills such as maximization of work practices, and quality vigilance. One qualification that I need for this position is the ability to turn data into information. Since this position requires past experience and I have none, I can undergo training so that I can be at par with the job functions and requirements. Despite the fast growth of the job, though, there is stiff competition and even though I will most likely get this job with my bachelor’s degree, a master’s degree will help me stand out among my competitors and it will also be a wise investment for me since I have my eyes on a financial management position at one point in
Accounting dates back as far as first centuries, is the language of business. As everything has gone through many changes, accounting has also changed many times through out the centuries. It went from the use of abacus to the most advanced softwares, and computers. With these drastic improvements nowadays accounting, financial accounting and management are facing big challenges. From the presentation of the reports to communication to the users, investors, and owners, the accounting field has gained totally a new shape from two decades ago. Today with the dynamic change in every aspect of life, the accounting field has to act fast and be able to adapt these new changes and challenges in order to survive.
My first goal is to continue my education by earning a Master’s degree in Accounting right after completing my bachelor’s degree. The MSU’s Accounting program attracts me for both its reputation and its career opportunities available for international students. It is my responsibility as a future accountant to be really familiar and proficient at the tools accountants use regularly. Achieving my master’s degree will also help me achieving my second goal of becoming a CPA by meeting the requirement of curriculum. Thus, I am professionally and academically motivated to earn a Master’s degree of Accounting at the Broad Business College.
All college students should partake in career exploration project because it gives structure and direction. The result from an assessment identifies and prioritizes which careers will best suit an individual person or student. It does not necessarily mean they have to pick that particular job or career; it gives them more chooses to choose from. Career exploration is a life long journey that is emotionally, physically and mentally stress full. I say lifelong because as time goes on so does an individual’s views, abilities and skills. Career exploration is very helpful to a career, because it improves a person's ability to become informed of their interests, skills, values, abilities, aptitudes, weaknesses and strengths It helps in the guidance of career matters across the nation, job influence, growth, work hours opportunities to name a few. An individual needs to remember that when doing this career exploration project to keep in mind that money is only a temporary fix. In the beginning it may bring you joy and happiness but as time goes on it will not keep up personal enjoyment i...
My parent had been telling me to major in biology, but I was thinking to be an economic major. However, I met someone who helped to decide my major, and he totally change my perception of economic industry. For a start, one time I was at Starbuck discuss my concern with my friend. I told my friend that I want to be an economic major. Suddenly, the man who is sitting next to us pulled a chair and joined our discussion. His name is James Georges, and he handed us his business card. Surprisingly, it turned out he is a Ph.D. statistician who works in the SAS advanced analytics lab. He suggested that I should major in statistics prior to work in the economic industry. He spent three hours to educate me the different branch of statistics. He mentioned economical statistician, a kind of statistician that work with client to analyze the data and maximize the value of the customer portfolios. I realized that this is a career that I am looking for, a career that can potentially stimulate the economic. Likewise, if all the small business have a successful investment, it will increase the employment rate. Thus, the average people in the society would live in a better condition. Additionally, Statistics involves more math then economic which is what I am good at. It is like a perfect major for me. In the end, it is all because of his accommodating information that cleared my apprehension of choosing a major, and I make a step forward to
Actuaries are the fortune-tellers of the business world (“Be an Actuary.”). Their main duty is to analyze the risk and uncertainty of a situation (“Summary”). They then look at the long term effects of possible solutions to see which one has the least amount of loss (“Be an Actuary.”). With the information that they gather about a certain situation they then advise the business how to act in order to get the best outcome and allow it to grow (“Summary”). Actuaries will also do this for individuals for investments, retirement, or financial planning. They use many different types of theorems to get their information; such as the game theory and other theories form statistics or calculus (Ravi). With always dealing with the risk of particular situations and their possible outcomes ...
The reason I decided to pursue a career in accounting is because I have always been interested in the business world and accounting is considered a basic tool of business. I have worked for small and large business firms; also in private and public sectors which helped me develop a strong linking with the industry as a whole and solidified my interest in accounting.