What Can I Do With An Economics Major?
Advice from Alums

I asked some Cal alums to tell me
what they are doing after graduation.
Here are their replies.

If you'd like to add your advice/story to the list,
please send a short one-paragraph description
of what you do and where you work(ed).

October 2010:  I updated some of these old paragraphs (which were all solicited back in 2004) and removed email links.



Daniel Kaplan '10 wrote in 2010:
Econ 154 (Economics of Discrimination seminar) netted me a job at the US Department of Labor. The specific organization I'll be working for is the Organization for Federal Contract Compliance Programs (OFCCP), an organization that conducts random audits of companies to see if they discriminate on the basis of gender, race, etc. I am very excited to transition from the study of economic discrimination to the implementation of policies aimed at changing the work environment. Let your future students know that they can always find jobs in what would otherwise seem to be a very abstract, specialized field!
Tony Troy '00 wrote in 2004:
Working as a junior economist at the Bureau of Economic Analysis within the U.S. Department of Commerce, I am primarily responsible for estimating a major component of gross private domestic investment, which is one of the components of the U.S. gross domestic product (GDP). The work involves preparing monthly estimates, investigating new sources of data, conducting research and analysis, and developing new estimating procedures and methods. LAN-based computer systems and statistical programming are used intensively in carrying out all of these activities. In general, working on the GDP -- one of the best known national economic accounts -- is a challenging but exciting experience.
Kevin Lam '00 wrote in 2004:
I am now in Law School at Harvard.  Nowadays, an Economics degree is one of the most helpful degrees to have for an entering law student.  In my experience, it is the only academic non-legal subject that every substantive introductory law class teaches; every class thereafter assumes one has an understanding of economics.  Furthermore, the field of Law and Economics is in a stage of growth, evidenced by top law schools' shoring their ranks with professors who have graduate degrees in Economics.  Finally, a firm understanding of economic theory is invaluable in common post-law school careers: Macroeconomics is the language of those who make public policy in legislatures, executive offices, etc., and Microeconomics is the language of corporate lawyers who are working for large law firms or as in-house counsel.
Molly Fifer McIntosh '01 wrote in 2004:
I work for the Brookings Institution in Washington, DC, as a research assistant in the Economics Studies program. While the title may not sound that intriguing, the work is. I do research for two scholars in two areas of labor economics: income inequality and welfare. I do mostly quantitative analysis, ie. manipulating data, basic conometrics. This is well balanced by the fact that all of my work is motivated by current socioeconomic problems, such as the increasing proportion of black children who are raised in poor single-parent families or the effect of increases in the national unemployment rate on the poverty population. If I had to pick, I would say the best parts about my job are that:
1. I get to directly apply the knowledge I gained in undergrad.
2. I work with roughly 20 other research assistants who are also recent graduates of other top-tier universities, not to mention bright and fun to be around.
3. Through Brookings public events, I have the chance to meet and discuss current issues with interesting and reknown economists and other social scientists.
If you would like to know more about being a research assistant at Brookings, please feel free to ask Prof. Olney for my email address. Best of luck and GO BEARS!

(Update:  Molly left Brookings after 2 years, earned her Ph.D. in economics from Princeton, and is now an economist at Center for Naval Analyses)
Carolina Krawiec '01 wrote in 2004:
I've been working as a research assistant in the Labor and Social Policy (LSP) Center of The Urban Institute in Washington, DC for about four months. The Urban Institute is public policy think tank, and in addition to LSP there are centers focusing on topics including health policy, education policy, and population studies. I've worked on projects dealing with family structure and economic outcomes, school-to-work and youth apprenticeship programs, evaluating victim services and criminal justice programs for victims of domestic abuse, and developing weighting procedures for non-telephone households in telephone surveys.  My job involves a lot of programming in SAS and STATA, but there are also research assistants who do work that's more quantative in nature, and as you gain experience, most people get opportunities to be involved in writing reports and papers, and presenting them. The level of involvement and responsibility research assistants are able to attain here is one of the main things that makes Urban stand out as a great first job.   It's also a great place to go if you are still deciding what you'd like to eventually do.  Through working with researchers and attending the many conferences and events we have access to here in D.C., I've learned about many topics economists research, as well as how researchers from other fields like public policy and sociology approach similar problems.   Seeing what other people do with their graduate degrees and work experience is helping me evaluate my options.

(Update:  Carolina earned her J.D. from Hastings, and is now an attorney in Southern California)
Latika Chaudhary ' 00 wrote in 2004:
I am a graduate student in Economics at UCLA and hope to finish my PhD in the next three to four years.  At the moment I am finishing up my class requirements and working as a research assistant on a project that deals with accident rates among children and the various welfare and socio-economics factors that might be linked to that. Labor Economics and Econometrics are my main fields. A graduate program in economics is quite demanding, but is also very satisfying if research is the end goal.  Most programs help students acquire strong quantitive and statistical skills that can be helpful in both private sector and academic jobs. If anyone is interested in going to grad school in econ, feel free to email me.

(Update:  Latika changed her field to economic history, finished her Ph.D. in economics at UCLA and is now an Assistant Professor of Economics at Scripps College.)
Michael Simidjian '01 wrote in 2004:
I work at the corporate headquarters of Mervyn's as a financial analyst and internal auditor. None of my work relates to the material I studied as an undergrad, but that does not imply that my economics degree provides little value. As I have found from my own recruiting experience, an economics degree enjoys a great deal of respect because of exposure to issues related to the economy and thus business, as well as the analytical thinking that underlies economics. My responsibilities include the collection of data and creation of reports about inventory and sales and analysis of the company's sales from regional, store, divisional, and departmental levels. The work I do gives me exposure to the operations of a major retailer and the ability to work closely with executives to assess what factors will increase future sales and revenue.

(Update:  Michael earned his J.D. from Loyola Law School, and is now a labor & employment law attorney in Southern California)
John Samia UMass '92 wrote in 2004:
I am an attorney practicing corporate law in Massachusetts.  I found that my course studies in economics served as a natural transition into the study of law.  Throughout my four years at UMASS, my economics professors consistently challenged me to understand and articulate arguments for and against differing economic policies (i.e., Gintis versus Vickers, supply-siders versus Keynesian).  The study of law is very similar to economics.  My law school professors prepared examinations in a manner that drew upon my understanding of the subject matter through my ability to identify legal issues and to articulate various legal arguments that can be made in favor of and in defense against such legal issues (or claims).  I felt that as an economics major, I already had been trained to understand and articulate differing viewpoints.  I found it natural to transfer such training to a law school exam.  I also have found it natural to transfer such training to a legal career.
Jay Liao '99 wrote in 2004:
Currently, I work as a Senior Consultant working in the Economics and Transfer Pricing group at Ernst & Young.  In a nutshell, I help companies maximize their after-tax net income by advising them on appropriate economic terms for their cross-border (intercompany) transactions.  This task is often tricky as it sometimes involves placing a value on intangible assets for which there are no clear market benchmarks, and being able to achieve a result that is acceptable by multiple tax jurisdictions.  To be effective in doing this work, a solid understanding of accounting (i.e., being able to understand a company's financial statements), economics (i.e., industrial organization, basic econometrics) and basic finance (e.g., cost of capital) is good to have.  I would say that the primary drawbacks of this job are the hours can be demanding at times, and that exposure to the really interesting stuff is somewhat limited when you first start work.  Overall, I find it a highly interesting and mentally challenging field. 
Alvin Kuriniawan BA '99, MIMS '01 wrote in 2004:
After my economics graduation, I continued my graduate studies and earned a Masters degree in Information Management Systems from UC Berkeley School of Information Management and Systems. With both Economics and Technical skills, I was able to gain many job interviews with Silicon Valley companies. I started as an analyst intern at CommerceOne.Com, followed by working as system analyst at Lucent Technologies, ResExpress.com, and Lebensart Technologies. An economics degree provides me not only with analytical skill, but also a broad knowledge and understanding of market characteristics and behaviors. Although I was working as a full-time System Engineer, many times I was presented by my Boss with opportunities to help them with consulting works in other areas such as; marketing research, data gathering & analysis, product & consumer behavior, business and strategic development. Soon enough, being knowledgeable in business areas, I was quick to gain promotion to a Supervisor position. Technical skill is essential for Silicon Valey business. However, the higher my job position gets, the more I actually rely on my economics skills, especially when making multivariable analysis, future projections, and most of all, when making critical decisions. In the past, I had successfully generated fundings from SV Venture Capitalists for our XML-based GUI software projects, holds managerial position in Market Analyst, System Engineering, Database Management, Quality Assurance (QA), and was offered a senior consultant position at PriceWaterhouseCoopers. But, in 2003, I chose to incorporate my own manufacturing company (more challenging and more fun!). Economics classes in Berkeley provide students with valuable assets that will be very, very useful once you get into the real business world.

My advice: do well in both Econ 100A/101A and 100B/101B, and take at least one econometric class (Econ 140). While at graduate school, I was a Graduate Research Assistant and had helped Prof. Glenn Woroch to create and maintain Econ 100A Website. Most Importantly, Berkeley students have access to many intelligent, famous, Nobel-winner, and passionate Economics Professors. Don't miss your once-in-a-lifetime chance to talk, network, get advice, get to know, and learn from them. Go Bears!!!


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