3 Advising Careers/Jobs
Why Hire an Economics Major? Economics majors/minors have general, flexible, durable skills tools and knowledge. These include analytical and problem-solving abilities, statistical, mathematical and computer skills, reading, writing, thinking, and knowledge of the basic economic and financial institutions and operations of the economy. What Do Employers Want? ISO--a commitment to excellence, enthusiasm for hard work and personal integrity. Excellent analytical and quantitative skills are required to identify key trends and reach sound business decisions. Professionals at ISO also display superior communication skills and a strong team-orientation. NCUA - Accounting, Business, Business Administration, Economics, Finance; flexible and self-motivated; Have excellent communication skills (both oral and written) ; Are well-organized and self-starters; Have good problem-solving skills Bloomberg - entry-level position; leads to a variety of career paths ranging from highly technical to more business and financially oriented. An extensive training program will provide the specific technical and financial skills needed for this position. Strong desire to analyze business problems and translate them into working software applications; Strong interpersonal and communication skills; Must be highly detail oriented BA/BS, MS, or PhD in Finance, Computer Science, Economics, Engineering, Physics, Mathematics, Accounting or related field; For non-CS majors, programming skills must equate to 2 university courses Must include GPA on resume. Citigroup - Two-year Analyst program Undergraduate degree with distinguished academic achievement, high level of personal integrity, interest in finance, commitment to excellence, high level of energy, strong desire to learn. Minimum GPA 3.5, SAT 1200. Capital Markets Quantitative Trading and Research; Research Analyst, in either Fixed Income Quantitative Research or Equity Derivatives degree in a quantitative field such as Computer Science, Economics, Engineering, Finance, Mathematics, Operations Research, Physics, or Statistics. strong programming skills (C/C++/Java/Unix preferable), a high level of interpersonal skills, and a passionate interest in learning about financial markets. Citigroup Public Finance We are seeking candidates from all fields of study preference will be given to those applicants who demonstrated high skill levels in computers and quantitative/analytic skills. Majors or interest in finance, economics, mathematics, engineering, and science (not necessarily formal training), minimum GPA of 3.5. ability to work in teams, under pressure, demonstrate excellent communication skills, a high level of motivation, initiative and leadership potential. Ernst&Young "Quality In Everything We Do," starts with the people we hire. More than anything
else, we look for people with integrity, professionalism and the strength of character to do the right thing--especially when that may not be easy. We're not just hiring finance, tax or accounting technicians. What we're seeking are dynamic professionals who are not only client-focused but also ready to become team players, managers, advisors and lifelong learners. What we offer is an entirely new level of career and life experiences. Of course, we do have technical requirements. The students we tend to hire have a strong GPA with degrees in accounting, economics, finance, information systems, computer science, management
information systems or a related field of study. We encourage you to review our service lines brochure (pdf, 514 K), where you'll see how certain academic backgrounds fit with career opportunities in specific Ernst & Young practices. We also look for students who are willing and eventually able to pursue applicable professional development and certification(s) and who can travel, as necessary, to serve clients. But what we're looking for goes a lot deeper than that. You'll succeed at Ernst & Young if you:
Think and work analytically Communicate clearly, verbally and in writing Prioritize effectively Think independently Exercise sound judgment and common sense Cooperate and work well with others Possess integrity and strength of character Develop strong, lasting relationships Show flexibility and quickly adapt to new situations Embrace and thrive on challenge
Some Stories Mr. A Economics Major, Stat Minor; Summer job at J&J (through faculty contacts), President, Economics Honor Society (ODE), Fed Challenge, I-Banking Internship. Starts I-Banking job this July ($$$). Mr. B Economics, Statistics, Classics triple major; summer abroad; Taught at local high school; Theater group; Starts consulting job with big-four accounting firm this summer.
Ms. C Junior; Econ and Math double major; working towards certificate in quantitative economics; Honor Society in Economics; starting Fed Challenge; worked as peer-instructor; summer job at major bank abroad. Ms. D. Now in Ivy Law School; Honors program. Graduated in 3 years. ODE, summer in Paris with Rutgers. Mr. E VP Major Poker-related organization. Econ major, senior honors thesis, worked for major consulting firm on west coast, then major movie studio, then MBA at Harvard.
Mr. F. Rutgers Honors Program, Econ Major, Math minor, Fed Challenge, Student Government, Senior Honors Thesis on International Trade. Now at Ivy Ph.D. Graduate Program in Economics Mr. G Econ major, senior honors thesis on economic development; Fed Challenge team, minor in political science. Teach for America for 2 years, then likely graduate econ degree
Mr. H Econ/Comp Sci double major. Looked into Actuarial career, started at marketing consulting firm, now at Ivy doing Ph.D. in Quantitative Marketing.
Fields, Jobs, Employers Based on an annual survey of graduating seniors the Economics Department does each year, the average starting salary was $54,083 for the 90 students reporting salaries in May 2007, up from $46,157 in 2006. Note that there is a statistically significant positive relationship between salary and economics GPA More than a quarter of those with jobs reported finding them through one of the following: On-Campus recruiting, Career Services, Previous Position, Family (in order of importance) Students found jobs with more than 50 companies including Citigroup, who hired 6 of our students, Deloitte and Touche (6), Barclays (4), Accenture (3), Deutsche Bank (3), Goldman Sachs (3), Merrill Lynch (3), New York Life (3), Lehman Brothers (3), as well as Office of the Comptroller of the Currency, Credit Suisse, JPMorgan and many others Students found jobs as financial analysts (15%), in accounting (14%), consulting (10%), other financial services (10%), investment banking (10%), and sales, banking, valuation services, and others Job Titles (student provided) ranged Accountant from to Wealth Management Financial Advisor and included CDMA software engineer, cash equities sales trader, controlling analyst, forex specialist, national bank examiner, middle school math teacher, pricing analyst and more Career services reports the following: Economics majors find jobs as Actuary, Economist, Management Accountant Bank Examiner, FBI/CIA Agent, Market Research Analyst, Bank Research Analyst , Financial Analyst, Marketing/Sales Manager. Benefits Administrator, Financial Planner, Mortgage Loan Officer. Business Manager, Financial Researcher, Product Manager. Claims Examiner, Health Policy Planner, Project Coordinator, Collection Agent, Human Resources Administrator, Property Manager. Commodities Analyst, Insurance Agent/Broker, Public Administrator, Commodities Trader, International Trade Specialist, Purchasing Agent. ntroller, Investment Banking Analyst, Real Estate Investor, Cost Analyst, Investment Counselor, Securities Broker, Credit Officer, Job Analyst, Statistician, Demographer, Job Developer, Systems Analyst, Economic Research Assistant, Labor Relations Specialist, Technical Writer, Lawyer, Underwriter With types of employers including: Accounting Firms, Import/Export Firms, Banks, Insurance Companies , Brokerage Firms, Investment Banks, Business Journals / Publishers, Labor Unions, Chambers of Commerce, Manufacturers, Collection Agencies , Market Research Firms, Consulting Firms, Personnel Agencies , Economic Development Council, Pharmaceutical Companies, Economic Research Foundations, Retailers, Educational Institutions , Telecommunications Firms and Central Intelligence Agency, Farm Credit Administration, Commerce Department, Federal Deposit Insurance Corp, Commodity Futures Trading Comm., Federal Reserve Bank, Consumer Product Safety Commission, Federal Trade Commission, Department of Agriculture, General Services Administration, Department of Labor , Internal Revenue Service, Department of Transportation, International Trade Commission, Department of the Treasury, Office of Personnel Management, Environmental Protection Agency, Securities and Exchange Commission Additional Recent Grads Jobs: Account Executive, Sherwood Capitol, Economic Research Assistant, Citicorp, Account Representative, Xerox Corporation, Financial Consultant, Kwasha Lipton, Accountant, Johnson & Johnson, Financial Planner, Lincoln Investment Planning, Assistant Auditor, Chemical Bank, Global Corporate Finance Analyst, Deutsche Bank Securities, Inc.(iBanking), Assistant Buyer, Hahne's, Investment Counselor Assistant, Merrill Lynch Audit Management Trainee, Bankers Trust, Managed Care Analyst, J & J, Bank Examiner, Federal Reserve Bank of NY, Market Research Analyst, Pulte, Branch Manager, Somerset Tire Service, Mortgage Loan Officer, Sears Mortgage Corp., Claims Trainee, Crum & Forster, Operations Trainee, Thompson McKinnon Securities, Consulting Analyst, Accenture, Project Coordinator, Sopp America, Inc., Consumer Affairs Specialist, Nissan North America, Sales Assistant, Marriott, Customer Service Rep., Merrill Lynch , Systems
Programmer, Beneficial Data Processing, Database Technician, Dow Jones, Technology Analyst, Merrill Lynch And experienced alumni are: Auditing Officer, J.P. Morgan & Company, News Writer, Dow Jones (MA Journalism), Bank Service Manager, First Fidelity, Pricing Officer, Chase Manhattan Bankruptcy Attorney, Jenkins & Jenkins (JD), Product Manager, Bristol Myers Squibb (MS Economics), College Bursar, Upsala College, Product Manager, American Stock Exchange Controller, Visiting Nurse & Health Services (MBA), Real Estate Appraiser, Ocean Federal Savings, Creative Director, Selling Edge, Security Analyst, Fitch Invester Service, District Manager, Equitable Life, Senior Account Officer, Citibank (MBA), Equity Derivatives Marketer, J.P. Morgan, Senior Investment Analyst, MetLife (MBA), Financial Analyst, R.H. Macy & Co., Senior Programmer Analyst, GM, Human Resources Representative, J.P. Morgan, Systems Engineer, NCR, Investment Research Associate, Prudential Bache, Training Consultant, Merrill Lynch, Microprocessing Systems Analyst, J & J , Video Service Manager, Bell Atlantic (MBA) Graduate School? Right from undergraduate, MAYBE: Professional Accounting MBA 15 months, right after graduation, no specific requirements; strong grades, etc. and Law School but beware
Hi Prof Rubin! Hello and I hope all is well! I just wanted to let you know how much my economics major has helped me already throughout my first 8 weeks of law school. I never would have thought that things like marginal benefit and price discrimination would come up consistently in the cases that I have read. In addition, I feel that I am more prepared than other students who need to be explained these concepts where I am already ahead and able to analyze the economic value of the laws and outcomes of the cases. I have never before been so happy to have been a an economics major! Undergraduate work really does come in handy! Hope your classes are going well this fall semester. Thank you again for all of the guidance in my undergraduate career, it really paid off!
Economics Ph.D. After work experience: MBA 3-6 years Economics MA RU Students went to: Boston University, JD, Law , Rutgers University, MBA, Accounting, Duke University, JD, Law , Rutgers University, MBA, Economics, George Washington University, MA, International Trade & Investment Policy , UMDNJ, MD, Medicine, Penn State University, MD, Medicine , University of California, P.., Computer Science , Yale University, PhD, Economics, NYU MBA How to Prepare? Generally econ, stat, comp, math, activities.
Freshmen Wide range of interesting courses econ, math, comp, stat, art, etc. clubs, organizations, activities, grades. Start resume. Sophomores Begin to focus on major. Find an advisor, leadership positions, interesting opportunities, grades, summer job. Grades. Go to employer information sessions. ODE. Juniors Semester abroad? Choose teachers well. Involvement in honor societies, clubs. In early fall serious summer internship search/ information sessions. Spring, courses that might lead to an honors thesis. ODE. Seniors Early Fall serious job search info sessions, etc. Honors thesis. Strong activities with leadership. How to Search? Resume/ Career Services/ Monster Friends and family Online, email, snail mail Search broadly, don't apply only for `dream-job' Some Resources Economics Department Web Site http://economics.rutgers.edu/ Rutgers Career Services: http://careerservices.rutgers.edu/Meconomics.html National Association of Business Economists (NABE): http://www.nabe.com/careers.htm Salary.com WSJ Career Jobweb.com - job search site Monster.com Vault.com (through career services) Resume and Cover Letter See samples at http://econweb.rutgers.edu/sheflin