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Economics, Finance, and Real Estate Career Map

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

Half lightbulb and half brain

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

Half lightbulb and half brain

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

Briefcase

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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