Types of Online Economics Associates
Students interested in an online associate’s in economics have their pick from various programs based on their career goals and interests. Each offers its own special focus, providing instruction that prepares them for specific areas within the field of economics. Some types of economics degrees available include the following.
Online Associate of Arts in Economics
This online degree program aims to give students a well-rounded education in economic principles while emphasizing social sciences and humanities. Graduate of an Associate of Arts in Economics program should develop an in-depth knowledge of core economic concepts while honing critical thinking and analytical abilities via an interdisciplinary curriculum.
Online Associate of Science in Economics
An online Associate of Science in Economics program covers both scientific and mathematical aspects of economics. Coursework covers statistics, calculus, and empirical analysis – providing students with a strong grounding in quantitative methods and analytical thinking that is ideal for anyone considering further study in economics or related disciplines.
Online Associate of Applied Science in Economics
This practical degree equips students for careers in finance, banking, or business by combining academic coursework with real world training – providing graduates with all the skills and knowledge needed for professional success in economics settings. Graduates will be well prepared for entry-level positions within this industry, but it may be more difficult to continue your education after earning this type of online degree.
Online Associate of Applied Business in Economics
This online degree offers students a comprehensive understanding of both economics and business principles. Participants develop both an excellent foundation in economic theory, as well as its practical applications within a business context, creating graduates equipped for careers that demand both economic knowledge and business acumen. However, this is another degree that may not lend itself well to continuing education.
|Type of Economics Associate
|Associate of Arts in Economics
|Social sciences and humanities
|Research firms, government agencies, financial institutions
|Associate of Science in Economics
|Scientific and mathematical aspects
|Financial analysis, data analysis, research
|Associate of Applied Science in Economics
|Practical skills for specific careers
|Finance, banking, business
|Associate of Applied Business in Economics
|Economics and business principles
|Business analytics, market research, finance
Regardless of the specific type of online economics associate degree pursued, there are core concepts and principles that form the foundation of economics programs. These core concepts include:
- Supply and demand
- Market forces
- Economic theories
- Analyzing economic data
- Understanding economic systems
What Can You Do with an Associate Degree in Economics?
Graduates with an associate degree in economics can enjoy numerous career options. Their knowledge and abilities from this program may open doors in multiple industries or roles. Here are just some opportunities.
1. Financial Clerks
- Required Education: A high school diploma or equivalent is typically required for most financial clerk jobs. These workers typically learn their duties through on-the-job training.
- Job Outlook (2022-2032): -4% (Decline)
- Median Annual Salary: $45,570
One possible career option is becoming a financial clerk. In this position, you would be responsible for maintaining financial records, processing transactions, and assisting with other financial tasks. Your understanding of economic principles and finance concepts would come in handy in maintaining efficient operations of finances.
2. Insurance Account Managers
- Required Education: Financial managers typically need an associate or bachelor’s degree and 5 years or more of experience in another business or financial occupation such as an accountant, securities sales agent, or financial analyst.
- Job Outlook (2022-2032): 16% (Much faster than average)
- Median Annual Salary: $139,790
Another possible career option would be insurance account manager. In this role, you would work closely with clients in helping them identify their coverage needs and providing appropriate options. Your knowledge of economics would prove useful when analyzing risk factors and suggesting suitable policies for both individuals and businesses alike.
3. Customer Service Representatives
- Required Education: Customer service representatives typically need a high school diploma or equivalent to enter the occupation and receive on-the-job training to learn the specific skills needed for the job, though an associate degree would make it easier to earn the job and move on into other roles.
- Job Outlook (2022-2032): -5% (Decline)
- Median Annual Salary: $37,780
If you enjoy engaging with people and providing assistance, becoming a customer service representative could be an ideal career option. Your knowledge of economic principles will allow you to respond efficiently and address customer inquiries while resolving issues, informing clients about products or services, and answering customer queries. Strong communication and problem-solving abilities will be essential components of this position.
4. Research Analyst
- Required Education: Market research analysts typically need an associate or bachelor’s degree and some experience in their industry.
- Job Outlook (2022-2032): 13% (Much faster than average)
- Median Annual Salary: $68,230
For those who enjoy data analysis and research, becoming a research analyst could be an enjoyable career path. You would collect and analyze data in order to provide insights and recommendations for businesses or organizations, using your economic knowledge and analytical abilities in understanding economic trends as they pertain to various sectors.
5. Insurance Sales Agent
- Required Education: Insurance sales agents typically need a high school diploma to enter the occupation. However, employers may prefer to hire candidates who have an undergraduate degree.
- Job Outlook (2022-2032): 8% (Faster than average)
- Median Annual Salary: $57,860
If you enjoy sales and building client relationships, becoming an insurance sales agent might be ideal. In this role, you would sell policies directly to individuals or businesses while meeting sales targets while using economic principles to demonstrate the worth of coverage to prospective clients.
6. Accounting Clerk / Payroll Clerk
- Required Education: Bookkeeping, accounting, and auditing clerks typically need some postsecondary education to enter the occupation.
- Job Outlook (2022-2032): -6% (Decline)
- Median Annual Salary: $45,860
Finally, you might consider becoming an accounting clerk or payroll clerk. In these roles, you would assist with financial record-keeping, processing payroll payments accurately, and verifying financial transactions. Your knowledge of economics would enable you to better comprehend financial processes while analyzing financial data.
These are just some of the many career options open to someone with an associate degree in economics. Ranging from financial services to customer-centric roles, an economics degree provides a strong base from which you can launch into any number of different career fields.
What is an associate degree in economics?
An associate degree in economics is an undergraduate program designed to give students a basic knowledge of economic principles and concepts.
Why should I pursue an associate degree in economics?
Pursuing an associate degree in economics can be extremely advantageous, offering numerous advantages. First and foremost, it provides a solid grounding in economic principles and concepts useful in multiple industries and fields; developing critical thinking, analytical, and problem-solving abilities is something highly sought-after by employers. It can open career prospects in various sectors including finance, banking, insurance, government research, and provide access to further study – allowing transfer of credits toward obtaining a bachelor’s degree either directly in economics or related subjects.