What is Economics, Finance, and Real Estate?
The Department of Economics, Finance and Real Estate at the University of South Alabama (USA) offers a curriculum designed to prepare students for leadership roles in business and government. The program is divided into three specialized concentrations: Economics, which focuses on decision-making tools for resource allocation; Finance, which emphasizes the management of money and investments; and Real Estate, which provides a foundation for the valuation and management of physical assets.
Awareness

First Year
- Understand that economics and finance are interrelated disciplines dealing with the allocation of capital and scarce resources.
- Recognize that all majors must complete core business courses, including Principles of Microeconomics (ECO 215) and Macroeconomics (ECO 216).
- Learn about the "Freshman Core," which includes Introduction to Business and Management (BUS 150) to orient you to the Mitchell College of Business.
- Develop an awareness of the global nature of modern business through introductory courses that stress national income accounting and monetary policy.
Middle Years
- Identify your specific track by choosing a concentration in Economics, Finance, or Real Estate.
- Awareness of the specialized "Restricted Electives" that allow you to tailor your degree to interests like Labor Economics, Public Finance, or International Economics.
- Recognize the importance of the technology and quantitative requirements, such as Introduction to Econometrics (ECO 453) and Money Markets (FIN 343).
- Understand that the Finance track includes specialized study in Multinational Finance and Financial Statement Analysis.
Last Year
- Recognize the Business Policy Capstone (MGT 485) as the final requirement for synthesizing business strategies.
- Stay informed about the "Student Managed Investment Fund" (FIN 425/426), where students gain real-world experience managing actual financial assets.
- Understand the requirements for the Master of Business Administration (MBA) program if you wish to further your expertise in management or finance.
Exploration

First Year
- Explore the different subfields of business by attending departmental events and interacting with faculty in the Mitchell College of Business.
- Utilize the Mitchell College of Business academic advising guides to map out a four-year graduation plan.
Middle Years
- Investigate regional and national internship opportunities through Accelerate South or Mitchell College’s internal career resources.
- Explore the "Real Estate" sector by researching specialized roles in appraisal, mortgage lending, and property management.
- Attend guest lectures from local business leaders to learn about the "day-in-the-life"
of financial analysts and economists.
Last Year
- Network with alumni who have gone into diverse fields like wealth management, insurance, and government administration.
- Research career paths in "FinTech" or "Financial Engineering" to see how technology is transforming the industry.
- Utilize the Mitchell College's "Professional Preparation" courses (BUS 301/302) to refine your career search strategy.
Preparation

First Year
- Build a strong foundation in mathematics and statistics, as these are critical for the quantitative nature of economics and finance.
- Create a LinkedIn profile and start connecting with USA alumni in the Mitchell College of Business network.
- Maintain a GPA of at least 2.0 to stay in good standing within the major.
Middle Years
- Master the use of financial tools and software used for security analysis, budgeting, and forecasting.
- Secure an internship (e.g., ECO 496, FIN 496) to gain hands-on experience and professional credits.
- Practice financial modeling and data analysis, which are core skills for nearly all
entry-level business roles.
Last Year
- Prepare for professional certifications such as the CFA (Chartered Financial Analyst) or Real Estate License if applicable to your track.
- Finalize your resume to highlight technical proficiencies in econometrics, valuation, and financial statement analysis.
- Participate in mock interviews through the Mitchell College of Business career services.
Labor Statistics for
Economics, Finance, & Real Estate
Typical Entry-Level Education
Bachelor’s Degree
Job Outlook
3.7% growth by 2032 (Finance)
4.4% growth by 2032 (Real Estate)
Median Salary
$115,440 (Economists)
$117,990 (Financial Managers)
$72,280 (Real Estate Brokers)
Annual Job
Openings Each Year
-
Current Workforce
-
What can I do with this major?
- Financial Analyst
- Data & Policy Analyst
- Loan Officer / Commercial Banker
- Real Estate Appraiser / Agent
- Junior Underwriter
- Wealth Management Assistant
- Risk Management Associate
What skills will I learn?
- Economic Modeling: Applying economic tools to analyze complex problems for decision-making.
- Financial Management: Mastering the acquisition, allocation, and management of financial resources.
- Real Estate Valuation: Qualitative and quantitative skills for assessing property value and investment risk.
- Data Analysis: Using econometrics and statistics to interpret financial trends and forecast outcomes.
- Strategic Planning: Developing long-term financial plans for organizations or individual clients.
- Risk Assessment: Evaluating and mitigating financial exposures through insurance and other techniques.
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