"Economics is the art of trying to satisfy infinite needs with limited resources." Albert Camus
Economics is the study of how effectively society meets its human and material needs. It provides a logical, ordered way of looking a various problems. It draws upon history, philosophy, and mathematics to deal with subjects ranging from how an individual household or business can make sound decisions, to societal issues such as unemployment, inflation, and environmental decay.
*Denotes need for additional education
Assembles and analyzes statistics, calculates risk probabilities, and determines premium rates for policies and pension plans within the three basic areas of insurance: life, health, and property and casualty. Works for insurance companies and their regulators.
Researches, analyzes, and assesses prospective banking projects. Typically works for the bank involved.
Assists Compensation/Benefits Analyst in examining compensation packages, including wages, salaries, and benefits, and in comparing them with those in the same field to
determine competitiveness and fairness. Employers in many diverse fields, including compensation consulting firms.
Assesses the feasibility and profitability of specific financial operations, programs, and transactions. Works for corporations, government agencies, investment banks, and
brokerage firms. Usually requires relevant coursework.
Compiles statistical reviews and forecasts. Maintains and reviews financial literature and records regarding departments, industries, and possible transactions. Works for corporations, financial institutions. Usually requires relevant coursework.
Completes basic research required for investment banking transactions between institutions with long-term capital needs and major investors. Researches both broad industries and the specific financial status of particular institutions, prepares documents and reports for staff and clients.
Assists labor relations specialists with detailed research required for contract negotiations. Prepares advisory reports on union-management agreements. Works for unions,
unionized employers, and government arbitrators.
Identifies information that can be used to support the positions and the efforts of lobbyists. Involves library research, attendance at conferences and committee meetings, and
writing of reports. Employers include a diversity of special and public interest groups as well as professional lobbyists.
Explores the real estate needs of particular communities, gathers information about available parcels of land, and explores the market feasibility of proposed projects. Works
for real estate developers.
Assists in determining whether an insurance company will take on a particular risk. Analyzes actuarial studies and other pertinent information, prices policies in an attempt to balance risk and the need for profit, and answers inquiries from agents and clients. Works for insurance companies and reinsurance companies (which underwrite other insurance companies in cases of very high risk).
Under the supervision of a city or regional planner, conducts research into the economic, environmental, and social consequences of development in order to support strategies
for appropriate growth and renovation of rural, suburban, or urban areas. Typically works for a government agency. May work for a consulting or architectural firm.
(Listed below are examples of SU Alumni and their Jobs in this major-For more alumni resources, go to Mentor Network)
-Scott Dean - Crownsville MD 21032 -Wells Fargo- Senior Vice President - Risk Management Group
-Jacob Eddy - Charlotte NC 28277 - Hewitt Financial Services - Investment Broker/Financial Consultant
-Amber Jacobs - Deale MD 20751 - National Investment Center for the Seniors Housing Subscription - Services Manager
-Ryan Maluski - Towson MD 21204 - PNC Bank - Investment Assistant
-Raphael Mazzone - Takoma Park MD 20912 - National Archives & Records Administration- Electronic Records Archivist
-Zach Richards - Falls Church VA 22042 - Joint Committee on Taxation, U.S. Congress - Economist
-Chris Wolske - Gaithersburg MD 20877 - Deloitte Consulting - Specialist Master
(See also Business links below)