BS in Economics

by University of Minnesota Claim Listing

With this degree, you can follow graduate study or seek employment in consulting firms, banking and regulatory institutions, the health industry, and a variety of analytical skills-related opportunities.

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Course Details

With this degree, you can follow graduate study or seek employment in consulting firms, banking and regulatory institutions, the health industry, and a variety of analytical skills-related opportunities.

We crafted the economics BS for students interested in graduate study in economics or a career where quantitative analysis plays a significant role. The strong quantitative component in this degree emphasizes multivariate calculus, linear algebra, and econometrics.

You can choose from courses in comparative economic systems; economic theory; econometrics; economic development; game theory; industrial organization; cost-benefit analysis; environmental, financial, and international trade; and finance, mathematical, monetary, public, and labor economics. We also offer topics courses, which are taught by faculty in line with their own research.

CLA offers three Economics majors that are part of a BA degree and one that is part of a BS degree. Each major has a specific set of foundational courses that prepare you for that major. 

Effective Fall 2024, the BA Economics major and  BA Economics - Business Economics Emphasis have three foundational courses that are required for these majors:

  • ECON 1101 -  Principles of Microeconomics
  • ECON 1102 -  Principles of Macroeconomics
  • MATH 1142 - Short Calculus or MATH 1271 -  Calculus I

The BA Economics - Quantitative Emphasis major and the BS Economics major have four foundational courses that are required for these majors:

  • ECON 1101 - Principles of Microeconomics
  • ECON 1102 - Principles of Macroeconomics
  • MATH 1271 - Calculus I
  • MATH 1272 - Calculus II

Depending on your level of math skills, you may need to complete prerequisite math courses before you can take MATH 1271.
 A grade of C- or better is required in all courses approved to satisfy major requirements.

[Note: In response to the COVID-19 pandemic, for courses completed spring 2020 – spring 2021, the requirements of a letter grade of C- or better for use towards major (and minor) requirements was suspended and the S/N (Satisfactory/Not Satisfactory) grading basis will be accepted for major (or minor) requirements.]

See the catalog for all courses in the major.

  • Remember, when using Transferology to plan courses for the major, look for courses that transfer as direct equivalents to UMTC major courses.

Requirements to Declare the Major

  • In CLA, each department has a process to declare a major. This step is necessary for a major to be added to the student record. New transfer students do not declare their majors until after they attend orientation. 
  • Students can declare at any point after they attend orientation. Economics departmental advisors recommend declaring the major as soon as you are confident you want to pursue the major in order to access departmental resources such as scholarships, networking and research opportunities, and academic support. 

Career Paths

All liberal arts degrees help CLA students develop their Core Career Competencies, and economics majors develop specific skills that are applicable to lots of different careers. These skills include strong quantitative reasoning abilities, statistical analysis abilities, analytical thinking and attention to detail, and ability to model economic behavior.

Students who take the SuperStrong Interest Inventory receive a three-letter interest code, which identifies their top three areas of interest, work activities, potential skills, and personal values. The interest code "IAS" is often associated with this major, however, the SuperStrong assessment can help you understand how your interests connect to a variety of majors and career options. You can learn more about common employer types and occupations associated with this major. 

 

  • Internship & Job Search Websites
  • Handshake
  • JOE - Job Openings for Economists
  • Student Groups
  • Economics Mentorship Club
  • Economics Student Organization
  • Investment Banking Club
  • Investing Club at UMN

Professional Organizations

  • American Economics Association
  • National Association for Business Economists

Alumni Career Examples

  • Below is a small sampling of what alumni with this major have pursued, organized by the most common career fields they go into (although keep in mind that there are alumni in all eight of the career fields). You can also utilize the LinkedIn's Alumni Tool and the Maroon and Gold Network to further explore alumni career pathways and connect directly with professionals.

Internships

  • Finance Intern - State Street
  • Quality Assurance Intern - Concrete Software, Inc.
  • Sales Representative - University Directories
  • Finance and Marketing Intern
  • Life Insurance Sales Agent Intern - China Life Insurance Co. Ltd
  • Category Management Intern - Kellogg Company
  • FEB Intern - Minnesota Federal Executive Board
  • Trade Services Intern - French-American Chamber of Commerce MN
  • Assessment and Taxes Intern
  • Sales and Category Management Intern - Land O'Lakes Inc.
  • CPDS Logistics - C.H. Robinson Worldwide, Inc.
  • Sales Intern, Digital River
  • Business Intelligence and Market Analysis Intern, Allinga Consulting Group
  • Accounting Intern, US Bank
  • Brokerage Intern, River Realty
  • Finance Intern, Pentair
  • Commercial Banking Intern, US Bank
  • Auditing Intern, TADS
  • Financial Analyst Intern, General Mills
  • Sweepstakes Intern - Young America
  • Marketing Intern - Keller Williams Integrity Realty
  • Marketing Intern - Jumper Cable Marketing
  • Account/Strategic Planning Intern - Barkley

Entry-Level

  • Bankruptcy Specialist - Ally Financial Inc.
  • Sales Transaction Associate - Best Buy
  • Guest Service Agent - Caesar's Entertainment Corporation
  • Staffing Consultant - Randstad
  • Business Development Representative - Epicor Software
  • Accounts Payable Specialist - US Bank
  • Media Analyst - McCann Worldgroup
  • Customer Development Analyst - Unilever
  • Financial Advisor - Ameriprise Financial Services Inc.
  • Financial Planning Associate - Ameriprise Financial Services Inc.
  • Financial Representative - Ameriprise Financial Services, Inc.
  • Client Support Associate - Ameriprise Financial Services Inc.
  • Research Associate - National Propane Gas Association
  • Outside Sales Representative - B&F Fastener Supply
  • Accounting Assistant - New Century Business Service Inc.
  • Project Director - Maritz Research
  • Sales Analyst - Dr. Pepper Snapple Group
  • Deduction Analyst - Eaton Corporation
  • Project Manager - Epic
  • Business Development Representative - Epicor Software Corp

Experienced

  • Billing Specialist - SPS Commerce
  • Benefit Design - Prime Therapeutics
  • Director - Affinity Plus Federal Credit Union
  • Insurance Account Representative - State Farm
  • Senior Assistant Brand Manager - Unilever
  • International Purchasing Coordinator - Polaris Industries
  • Search Strategist - Publicis Groupe
  • Lead Client Support Associate - Ameriprise Financial Services Inc.
  • Athletic Specialist - JCC
  • Media Strategist - McCann Worldgroup
  • Advertising and Accounting Assistant - J. Patterson Construction
  • Logistics Planning Manager - Goldstar Transportation
  • Senior Analyst - Kellogg Company
  • Credit Analyst - Eaton-Hydraulics Business
  • Financial Consultant - Ameriprise Financial Services, Inc.
  • Billing Analyst - SPS Commerce
  • Inside Sales Representative - IdentiSys
  • Tax Processor - RSM US LLP
  • Senior Assistant Customer & Channel Development Manager - Unilever
  • Supply & Production Planner - Syngenta
  • Supply Chain Analyst - Adidas group
  • Consultant - ARPC
  • Credit and Collections Representative - EFI
  • Senior Billing Analyst - SPS Commerce
  • Associate Category Management Manager - Unilever
  • Supply Chain Planner - Land O'Lakes Inc.
  • Management Consulting Analyst - Accenture
  • Manager - Ankura Consulting Group
  • Credit Analyst - Andersen Corporation
  • Agency Owner - TUOPU Luxury Travel
  • Junior Strategic Analyst - Team One
  • Graduate Programs
  • MA, Communication Management - University of Southern California
  • Minneapolis Branch

    432 Morrill Hall 100 Church St SE, Minneapolis

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