📢 Economics (STEM): A Career Path Full of Potential! 📢
- GAEA Academy
- Oct 7, 2024
- 2 min read
Economics is one of the few social sciences that falls under STEM. It is one of the most popular majors for international students in the U.S. due to the economic benefits it offers. This major combines analytical skills, problem-solving, and data-driven decision-making – all of which are highly sought after by employers. Let’s explore the appeal of this field with GAEA and how you can prepare for success!
Post-Graduation Employment:
Economics graduates often have a wide range of career options in fields like finance, consulting, data analysis, public policy, and more. Here are some key details:
Average Salary: ~$105,000/year
Career Fields: Financial Analyst, Economist, Data Scientist, Actuary, Business Consultant, Policy Analyst, and many other roles.
Unemployment Rate: Very low, averaging only 3.5%, compared to the overall industry average of 4.2%.
Important Courses in College:
To succeed in Economics (STEM), you will study the following subjects:
Microeconomics & Macroeconomics: How individuals, businesses, and governments make decisions.
Statistics & Econometrics: Analyzing data and applying it to economic analysis and trend prediction.
Mathematics: Calculus, Linear Algebra, Differential Equations, and more advanced math subjects.
Programming: Knowledge of Python, R, Stata, or MATLAB to analyze big data and conduct research.
Different Branches within Economics: Health Economics, Urban Economics, International Trade & Finance, Money & Banking, Public Economics, Game Theory & Industrial Organization, Development Economics.
Focus Areas within Economics:
While all economics students may take some common courses, they can also specialize in areas such as:
Business Administration / Accounting / Finance / Insurance
Healthcare Management & Policy / Public Health
Real Estate / Urban Planning
Political Economy & Government Policy
Statistics & Data Science.
How to Prepare in High School:
Master Mathematics:
Maintain a high GPA in math.
Since Vietnamese transcripts do not specify branches of math, you should take AP Calculus AB/BC and AP Statistics to clearly demonstrate your expertise in key math areas that universities care about. A strong math foundation will make you stand out and prepare you for the quantitative courses in Economics.
Basic Knowledge of Microeconomics and Macroeconomics:
In addition to math, admissions officers are particularly interested in AP Economics (Micro & Macro) and AP Computer Science. These subjects will help you stand out among other applicants in this field.
Extracurricular Activities:
Join school clubs or competitions in debating, business, or math. These activities showcase your interest in economics, analytical thinking, and leadership abilities.
Intern or volunteer in fields related to finance or economics. Even starting a personal finance blog or joining an investment club will impress admissions committees!
Summer Programs:
Look for summer economics/research programs at universities or online. This shows initiative and passion for your chosen field.
Helpful Tip: Develop critical thinking skills and stay updated on current economic events. Read books, articles on economic issues, or follow economics podcasts to broaden your knowledge!
GAEA Academy is here to help you prepare for this promising field with AP courses, academic advising, and English support to ensure you stand out in your college applications!
Start today to shape your future! Join GAEA Academy now and begin your path to university success through AP!
Ngành Kinh Tế (STEM): Con Đường Sự Nghiệp Đầy Tiềm Năng!
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