Careers
  • The diversity of topics in economics allows more flexibility in career choice than most other majors. Economics graduates from the University of Memphis are in an excellent competitive position as they enter the business world or continue their education in graduate or professional school. The training received at the University of Memphis provides a logical, systematic approach to the solution of a variety of problems and issues. Business economists assist in decision making in many crucial areas such as product pricing, environmental and regulatory impact analysis, market development trends and cost control analysis. Economics graduates are sought-after, valuable additions to any business. Recent placements of U of M graduates include First Tennessee Bank, Baptist Hospitals, Federal Express, and the City of Memphis Economic Development Office.


  • A U of M economics degree is also an excellent preparation for graduate study in economics, public administration, journalism, foreign affairs, and labor relations. In addition, an economics degree is widely believed to be one of the best preparations for professional study in law. U of M economics graduates have continued their education at such institutions as Harvard, Columbia, and many other leading national graduate and law schools.


  • Economics is the BEST preparation for Law School

    • Average LSAT Scores
    Rank Major Average
    Score    		 Number of
    Students     		 Rank Average
    Score    		 Number of
    Students
    1 Economics 155.3 2,916 1 155.7 4,157
    2 History 154.0 5,819 3 154.4 5,080
    3 English 153.7 6,324 4 153.9 5,698
    4 Engineering 152.7 2,656 2 154.7 2,536
    5 Journalism &
    Languages    		 152.5 2,002 7 152.3 2,042
    6 Finance 152.2 2,009 5 153.1 2,756
    7 Psychology 151.9 3,977 8 152.0 3,522
    8 Accounting 151.8 2,340 6 152.6 2,855
    9 Political Science 151.6 15,388 9 151.8 13,628
    10 Communication & Arts 150.7 3,898 10 150.8 3,909
    11 Management 149.4 2,735 11 149.9 3,294
    12 Sociology &
    Social Work    		 149.3 3,129 13 149.2 2,550
    13 Business
    Administration    		 148.6 2,111 12 149.6 2,454
    14 Criminology 145.8 3,960 14 145.9 2,928
    Table Source - The University of Toledo
    Internships
  • Internships for Economics students are arranged through the internship coordinator in the Fogelman College of Business and Economics (room 114) with a variety of businesses, in such diverse industries as manufacturing or financial, or with local or state governments and agencies.


    • Skill Set of Economics Major

     Financial  
      Maintaining accurate records
    Tabulating figures
    Manipulating numerical data    		   Developing budgets
    Performing cost/benefit analyses
    Creating and evaluating financial reports

     Research/Analysis    		  
      Designing projects
    Generating/developing ideas
    Organizing materials
    Computing data    		   Analyzing results
    Testing an idea/hypotheses
    Using computers
    Applying statistical methods

     Communication
      Writing reports/articles
    Summarizing
    Writing proposals
    Justifying a position    		   Reading and interpreting reports
    Speaking persuasively
    Explaining ideas/goals

     Problem Solving
      Assessing needs
    Defining problems
    Reviewing/evaluating goals
    Relating theory to practice    		   Projecting/forecasting results
    Applying quantitative analysis
    Generating solutions
    Evaluating policies
    List Source - The University of Toledo

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