Is an economics degree worth it?

Yes, an economics degree is worth it. An economics degree opens you up to many different job opportunities with high-paying salaries.

Jobs that require an economics degree are also in high demand, so you should not have trouble finding work after you get a degree in economics.

Here are some in-demand roles you can gain with an economics degree and their average salaries:

• Financial Advisor

A financial advisor helps clients understand their current financial situation. They help clients with many different needs, such as figuring out ways to save for college, save for retirement, start investing, or have more money available to meet regular expenses.

They also see clients that are on the cusp of major life changes like marriage, divorce, job transitions, or the birth of a child. Their objective is always to protect their clients' finances and give them strategies and options to increase their wealth.

The average salary of a financial advisor in the United States is $74,553 per year.

• Asset manager

An asset manager is a financial professional who seeks to aid an investor in gaining more money. They advise and manage a client's investments. This includes things like stocks, bonds, mutual funds, EFTs, and other investments.

Their primary objective is to help a client increase their wealth by determining what investments are the best options for a particular client. They may also assist in asset allocation or choosing how to divide a client's investable assets in different asset classes.

The average salary of an asset manager in the United States is $80,016 per year.

• Financial consultant

A financial consultant is a professional that helps an individual or company build wealth. This often includes making investments or other transactions associated with the stock market.

A financial consultant's main objective is to help their clients with developing comprehensive long-term financial strategies to increase their wealth. They are heavily involved in the buying and selling of investments. And turning complicated financial concepts into actionable strategies.

Financial consultants may work for consulting agencies or work in an independent capacity. Most have held careers elsewhere in the financial industry, like stockbroker, financial analyst, or similar.

• Wealth manager

A wealth manager is a financial professional who aims to protect a client's wealth over the long run. Wealth managers help clients in a broad financial sense. They look at a client's overall wealth and take steps to maximize it and protect it for the long term.

Their services include tax planning, education planning, legacy planning, estate planning, insurance, charitable giving, and retirement planning. They may work for a bank or large financial firm as a consultant or run their own wealth management company.

The average salary of a wealth manager in the United States is $111,963 per year.