Published on May 30, 2024
Edited by Evelyn Keener
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University Headquarters (HQ) is an industry-leading, independent educational organization that provides independent college rankings using a proprietary formula to create first class unbiased rankings. The team at University HQ strives to provide accurate and trustworthy rankings that highlights the best programs for economics in New Jersey.

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What is Economics?


New Jersey is home to several prestigious universities and colleges that offer economics degree programs. These programs provide students with a solid foundation in economic theory, quantitative analysis, and policy development. Whether you are interested in working in government, finance, or academia - a degree in economics can open a variety of career opportunities.

According to the US Bureau of Labor Statistics, as of May 2020, there were 20,070 economists employed in the United States with an annual median wage of $108,350. It should be noted, however, that job markets for economists can be highly competitive, which means that having a graduate degree can significantly enhance your employment chances.

As of May 2020, in New Jersey specifically, there were 1,210 economists employed, earning an average annual wage of $125,330. Their most common employers include professional, scientific, and technical services; finance and insurance services; and the government.
If you are considering pursuing a degree in economics in New Jersey, it’s important to research the various programs available and find one that aligns with your academic and career goals. Whether you are interested in microeconomics, macroeconomics, or econometrics, there is likely a program that will suit your interests.

Students looking for the best economics colleges for them will have many options in New Jersey. Options include Rutgers University (including Rutgers Newark, Rutgers University Camden, etc.), New Jersey City University, Princeton University, Ramapo College, Seton Hall University, Montclair State University, the University of New Brunswick, the College of New Jersey, and more. Many of these schools offer an economics department or a business or mathematics department with economics majors. This means that students looking for economics schools can find the perfect programs and best colleges for them without ever leaving the state; whether you're looking to attend a program in a small city, large city, or complete a minor in business administration - there are plenty of choices.

 

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Online Economics Education in New Jersey


An economist is a professional who studies and analyses the production, distribution, and consumption of goods and services. Their expertise can provide insight and recommendations regarding issues such as inflation, unemployment, taxes, government spending, and international trade.

Economists work across industries and settings, from government agencies and consulting firms to financial institutions and academic institutions. Economists utilize data analysis, economic theory, and statistical modeling to interpret economic trends and predict outcomes.

An economist is responsible for conducting research and offering expert analysis on economic issues. Their responsibilities may include writing reports, giving presentations, advising policymakers on economic impacts of various decisions made, forecasting economic trends, and developing models, as well as assessing effectiveness of policies implemented.

On top of conducting research and analyses, economists also may play an integral part in designing and implementing economic policies. This may involve devising plans to promote economic growth, reduce poverty, or address economic inequality.

Online Associate Degree in Economics (AS)

An associate degree in economics can open doors to rewarding careers in finance, business, or government sectors. Students pursuing this degree gain foundational knowledge about economic principles, statistical analysis, and financial management - skills that are highly sought after on the job market. These two-year programs equip individuals with practical abilities that make them highly marketable candidates. Economics majors may be more rare at this level, but they are around.

Moreover, an associate degree in this field can provide students with a cost-effective way to explore their interests and decide if they want to further pursue higher education in economics or related fields. Graduates of these programs often find entry-level positions in various industries where they can apply their analytical skills and contribute to decision-making processes. These degrees can offer a solid academic foundation for those looking to kickstart their careers and delve into the world of economics.

University HQ National Rankings - Online Economics Associates

Online Bachelors Degree in Economics (BS)

Starting their journey toward a bachelor's of economics opens endless opportunities for New Jersey students. These programs delve deeply into economic theories, analysis, and real-world applications that shape our global economy - with strong emphasis placed on critical thinking and problem-solving skills so graduates are well equipped for today's changing landscape of business, finance, and policymaking.

Pursuing an economics degree at this level provides not only an understanding of market trends but also provides a holistic overview of social structures and behavioral patterns. Students learn to decipher complex data sets, interpret trends accurately, and make informed decisions with lasting impacts for businesses and communities alike. A bachelor's degree in economics can open doors to a host of career options like financial analysis, consultancy roles, research roles, or even postgraduate studies or certification programs.

University HQ National Rankings - Online Economics Bachelors

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Online Masters Degree in Economics (MS)

Embarking on a Master of Economics program opens many doors for New Jersey students. Beyond the fundamental principles learned at undergraduate level, these advanced programs delve deep into areas like econometrics, financial economics, and public policy analysis. Students engage in rigorous coursework and research projects designed to equip them with analytical tools needed to tackle today's complex economic issues.

Pursuing a Master of Economics enables individuals to expand their quantitative abilities while deepening their understanding of economic theory. Not only will students develop expertise in data analysis and modeling, but the program will also develop critical thinking abilities necessary for crafting solutions to real-world issues. Students are also encouraged to participate in cutting-edge research initiatives while working alongside distinguished professors who offer invaluable perspectives from both academia and industry.

University HQ National Rankings - Online Economics Masters

Online PhD Degree in Economics (PhD)

Pursuing a PhD in economics can open doors to an intricate world of economic theories and sophisticated research methodologies. New Jersey students looking for this degree are poised to explore groundbreaking studies that shape policies, drive innovation, and shape global markets. Doctoral candidates also possess tools needed to conduct original research that contributes significantly to our understanding of complex economic systems.

Graduates with a PhD from top institutions can leverage their expertise to address pressing social issues like income inequality, environmental sustainability, healthcare accessibility, and affordability. Training received during a PhD program not only sharpens analytical skills but also cultivates critical thinking abilities necessary for dealing with real world economic challenges in today's constantly shifting economic environment.

Learn about how to pay for your college tuition Check out our business resources and scholarships guide

Online Economics Certifications

Economics certifications offer individuals looking to expand their knowledge and expertise within the field an invaluable opportunity. By earning one, professionals can demonstrate their commitment to continuous learning and professional development - increasing credibility and marketability on the job market. Economics certifications typically cover topics like financial modeling, econometrics, or behavioral economics - which provide candidates with highly sought after skills by employers.

One of the chief advantages of economics certifications is their flexibility. Compared with traditional degree programs, certifications tend to be shorter-term and more focused - ideal for anyone seeking to upskill in an emerging area within economics or change fields altogether. Furthermore, many certifications are recognized globally, expanding career prospects beyond local boundaries by tapping into international markets.

Become an Economist in New Jersey


New Jersey is a hub for economic activity, making it a great place for aspiring economists to kickstart their careers. If you're interested in becoming an economist in the Garden State, here are some steps you can take to achieve your goal.

  • Step 1: Earn a Bachelor's Degree in Economics

    Step one of becoming an economist in New Jersey is earning a bachelor's degree in economics or related field from one of New Jersey's many colleges and universities offering programs in economics - they will equip you with all of the knowledge and skills necessary for a career in this field.

  • Step 2: Gain Experience Through Internships or Entry-level Jobs

    As an economist, standing out in the job market often requires that you gain hands-on experience through internships or entry-level jobs. Look for opportunities within government agencies, financial institutions, research organizations, or any company where your economic knowledge can be applied in practical settings.

  • Step 3: Pursue a Master's Degree in Economics

    Earning a master's degree in economics can significantly advance your career as an economist in New Jersey. Many employers prefer candidates with advanced degrees as this shows greater understanding of economic principles and theories.

  • Step 4: Develop Strong Analytical and Problem-solving Skills

    As an economist, your job entails analyzing data, conducting research, and making strategic recommendations based on your findings. To be successful at this job, strong analytical and problem-solving abilities are vital to accurately interpret economic trends and make sound decisions.

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What Can I Do with a Bachelor's in Economics?


An economics degree opens doors for its graduates in many ways. Graduates may pursue roles such as financial analyst, market research analyst, or even policy advisor with such qualifications. Employers seek the analytical skills that come from studying economics as part of an undergraduate degree program across industries.

Additionally, graduates with bachelor's degrees in economics go on to build successful careers in banking and finance sectors. From investment banking to corporate finance, an understanding of economic principles gained through studying economics can prove invaluable in any position within these fields. Furthermore, individuals holding these degrees often possess the tools needed to navigate global markets more easily while making informed decisions that impact businesses and society at large.

Potential Careers for Economics Graduates


Financial Manager:

Financial managers play an invaluable role in ensuring organizations' success by overseeing finances and strategic planning. Financial managers must identify market trends, efficiently manage budgets, make sound financial decisions that increase profits, and clearly communicate complex data to all stakeholders.

Necessary Requirements:

  • Bachelor's degree in finance, accounting, or a related field (Master's degree preferred)
  • Proven experience as a financial manager or a similar role
  • Strong analytical skills and attention to detail
  • Excellent communication and interpersonal abilities
  • Proficiency in financial software and Microsoft Excel
  • Knowledge of financial regulations and compliance requirements

Estimated Salary

  • The median annual wage for financial managers in the US in 2022 was $156,100
  • The mean annual wage for financial managers in New Jersey is $208,370
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Financial Advisor:

Financial advisors play a critical role in helping individuals realize their financial dreams and goals. Given today's complex economic climate, having access to an experienced advisor is invaluable in managing finances effectively. Beyond just crunching numbers, an experienced financial advisor serves as a coach assisting their clients through investment choices, risk mitigation strategies, and long-term planning needs.

Necessary Requirements:

  • Bachelor's degree in finance, economics, business, or a related field
  • Certified Financial Planner (CFP) designation is preferred
  • Strong analytical skills and attention to detail
  • Excellent communication and interpersonal skills
  • Knowledge of investment products, tax laws, and financial regulations
  • Experience in financial planning or wealth management is a plus

Estimated Salary

  • The median annual wage for personal financial advisors in the US in 2022 was $99,580
  • The mean annual wage for personal financial advisors in New Jersey is $178,300
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Logistician:

Logisticians are unsung heroes of supply chain management, using their analytical expertise to improve transportation and distribution networks. Their role is crucial to ensure goods move seamlessly from production to consumption while being cost-effective - an imperative task in today's fast-paced global economy that includes numerous complex supply chains requiring management while developing innovative solutions to enhance operational performance.

Necessary Requirements:

  • Bachelor's degree in logistics, supply chain management, or a related field
  • Proven experience in logistics or supply chain management
  • Strong analytical and problem-solving skills
  • Excellent communication and organizational abilities
  • Proficiency in logistics software and Microsoft office suite

Estimated Salary

  • The median annual wage for logisticians in the US in 2022 was $79,400
  • The mean annual wage for logisticians in New Jersey is $96,590

Statistician:

As a statistician, one must possess both an analytical mind and deep mathematical principles to interpret complex data sets accurately. Statisticians play an essential role in economics by helping businesses and policymakers make informed decisions based on trends identified through statistical analysis. Statisticians employ advanced statistical methods in order to forecast economic trends, evaluate market behavior and measure policy impacts on an economy.

Necessary Requirements:

  • Bachelor's degree in logistics, supply chain management, or a related field
  • Proven experience in logistics or supply chain management
  • Strong analytical and problem-solving skills
  • Excellent communication and organizational abilities
  • Proficiency in logistics software and Microsoft office suite

Estimated Salary

  • The mean annual wage for statisticians in the US in 2022 was $109,190
  • The mean annual wage for statisticians in New Jersey is $122,370

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