Career Prospects

Applied Economics (AE) uses economic theory and analytical methods to address a range of practical issues in business, industry, finance, and government. Many universities offer undergraduate and graduate degrees in applied economics, which can lead to a wide variety of career opportunities that require analytical and problem-solving skills to address everyday business concerns. Opportunities for economists range from positions in the business sector, such as banking, insurance, investment and communications firms, to those in academic institutions, government agencies, trade associations and consulting organisations.

The BBA degree in AE will be very helpful to students in obtaining employment as applied economists and in future career development. The AE programme delivers undergraduate classes that produce highly employable graduates, and that the programme has been designed with employers’ needs in mind (and with design input and feedback from those who have employed/are employing our graduates).

Graduates who major in AE at UIC could potentially land at entry-level positions such as business analyst, market analyst, human resources specialist, insurance underwriter, and supply chain manager. An applied economics degree could lead to a career in local, state or federal government agencies. Students with graduate degrees in applied economics often seek careers as business or government economists, who collect and analyse data on economic conditions and advise policymakers. An applied economics background also could lead to a career as an accountant, financial analyst, or management consultant. According to surveys of UIC alumni, they are employed by firms including: Deloitte, CGB Bank, Dowin Asset Management Co., Glanz, Comvoy, Prudential, Global Sources, China Mobile, and TCL.

Economists have excellent employment prospects. Some examples of the types of work that UIC graduates do are:

• Local government and development agency officials

• Officials in regulatory agencies

• Commercial/business analysts for multinational companies and large organisations

• Economic assistants in government departments or agencies

• Academic posts, such as research assistants in universities and research institutes

• Managerial positions in charitable organisations

• Managerial and chartered accountants

• Analysts and financial advisers

• Business and corporate management professionals