Are you an economics major eager to make the most of your summer break? You’ve come to the right place. In this guide, we’re about to dive into an exciting array of summer internships for economics majors that can kickstart your career and offer a wealth of knowledge and experience.
Whether you’re intrigued by finance, policy, data analysis, or international development, there’s an internship opportunity waiting for you. So, if you’re wondering what the nine best summer internships for economics majors are, keep reading to find the perfect fit for your career aspirations.
The summer internships for economics majors we’re about to unveil are more than just stepping stones to your dream career. They’re gateways to real-world applications of economic theories, opportunities to work with industry experts, and chances to make a meaningful impact.
So, whether you’re looking to immerse yourself in the world of investment banking, economic research, or government policy, we’ve got you covered. Buckle up as we take you on a journey through a range of internship options that will not only build your resume but also provide you with invaluable insights into the diverse and dynamic field of economics.
By the end of this guide, you’ll have a clear understanding of which summer internship aligns best with your interests and long-term career goals. So, without further ado, let’s explore these nine enriching summer internship opportunities for economics majors and get ready to embark on a transformative summer experience.
What Are Summer Internships?
Summer internships, in a nutshell, are invaluable learning experiences that provide students and young professionals with the chance to gain practical insights into their chosen fields. These short-term work placements typically occur during the summer months and are designed to bridge the gap between classroom learning and real-world application.
They offer a unique opportunity to explore your career interests, build relevant skills, and connect with industry experts, all while getting a taste of what your future job might entail.
These internships can vary widely in terms of industries and responsibilities. They can be found in fields like finance, marketing, technology, healthcare, and more, catering to a diverse range of interests and career goals.
What makes summer internships especially attractive is their potential to lead to full-time employment; many employers use these programs as a talent pipeline for future hiring. So, whether you’re a college student looking to jumpstart your career or a young professional seeking to refine your skills, a summer internship is an excellent way to get ahead.
Related: Does internships only for students
What Are Summer Internships For Economics Majors?
Summer internships for economics majors are unique opportunities for students in the field to gain hands-on experience and apply their classroom knowledge to the real world. These internships typically occur during the summer months, offering a chance to explore various aspects of economics in different industries.
They’re not only an excellent way to enhance your resume but also a way to test the waters and see which specific areas of economics align with your interests and career aspirations.
Economics students can find a wide range of internship options, from financial institutions to government agencies, think tanks, and consulting firms. These internships provide a chance to work on research, data analysis, policy-making, and financial analysis, depending on the chosen field.
Related: 17 ways to get an internship
What sets summer internships for economics majors apart is the practical exposure they offer, allowing students to understand the dynamics of the economy and how economic principles are applied in various sectors. Whether you’re passionate about financial markets, public policy, or data-driven analysis, these internships can pave the way for a promising career in economics.
9 Best Summer Internships For Economics Majors
Summer internships for economics majors can provide valuable experience in various industries and fields. Remember to tailor your internship choices to align with your specific interests and career goals within the field of economics.
Consider internships with smaller companies or startups, as they can offer more hands-on experience and a diverse range of responsibilities. Here are 9 different types of summer internships that economics majors might consider:
- Investment Banking Internship
- Economic Research Internship
- Government Internship
- Consulting Internship
- Nonprofit or NGO Internship
- Market Research Internship
- Finance Internship
- Real Estate Internship
- Data Analytics Internship
Best summer internships for economics majors:
1. Investment Banking Internship
An Investment Banking Internship is a short-term work placement in the financial sector, typically offered by prestigious investment banks. It provides economics majors with an opportunity to gain practical experience in financial analysis, mergers and acquisitions, and corporate finance.
How to Get an Investment Banking Internship:
To secure an Investment Banking Internship, follow these steps:
- Build a strong resume highlighting your relevant coursework, skills, and any prior finance-related experiences.
- Network actively by attending career fairs, industry events, and leveraging alumni connections.
- Prepare for interviews by studying finance concepts and practicing behavioral questions.
- Apply to internship programs at renowned investment banks, both large and boutique firms.
Real-life Example:
John, an economics major, secured an Investment Banking Internship at a top-tier bank after networking with alumni at his university’s finance club and acing multiple rounds of interviews. This experience led to a full-time offer upon graduation.
Types of Investment Banking Internships:
- Mergers and Acquisitions (M&A)
- Corporate Finance
- Sales and Trading
- Equity Research
- Private Equity
Key Interests for Investment Banking Internship:
- Strong financial and analytical skills
- Interest in financial markets
- Effective communication and teamwork
- Ability to work under pressure
- Attention to detail
Long-term Career Goals:
Long-term career goals for an Investment Banking Internship often include:
- Advancing to associate or vice president roles.
- Exploring areas like private equity or hedge funds.
- Building a strong professional network in the finance industry.
- Pursuing an MBA for career growth.
Investment Banking Internships are competitive, but with dedication and the right skill set, they can open doors to lucrative and rewarding careers in finance.
2. Economic Research Internship
An Economic Research Internship is a short-term placement that offers economics majors the opportunity to engage in hands-on economic research activities. Interns work with think tanks, economic research firms, or government agencies to analyze data, conduct studies, and contribute to research projects in the field of economics.
How to Get an Economic Research Internship:
To secure an Economic Research Internship, follow these steps:
- Craft a tailored resume highlighting your coursework in economics and research skills.
- Actively search for internships at institutions like economic think tanks, research firms, or government departments.
- Network with professors, career advisors, or alumni who can provide insights and recommendations.
- Prepare for interviews by showcasing your passion for economic research and analytical abilities.
Real-life Example:
Samantha, an economics major, landed an Economic Research Internship at a prominent think tank. She excelled in her coursework, networked with her economics professors, and received a recommendation from a faculty member, ultimately securing the position.Â
During her internship, Samantha contributed to research on economic policy reforms, which later informed government decisions.
Types of Economic Research Internships:
- Economic Policy Research
- Data Analysis and Reporting
- Market and Industry Research
- Environmental Economics Research
Key Interests for Economic Research Internship:
- Strong data analysis and quantitative skills
- Interest in economic theories and trends
- Research-oriented mindset
- Effective written and verbal communication
- Attention to detail
Long-term Career Goals:
Long-term career goals for those planning an Economic Research Internship often include:
- Pursuing a Master’s or Ph.D. in economics or a related field.
- Becoming an economist or research analyst in government or private sector roles.
- Contributing to influential economic research that shapes policy and industry decisions.
- Establishing a strong network within the economic research community.
3. Government Internship
A Government Internship offers economics majors the opportunity to gain practical experience working within various government agencies. These internships allow students to learn about public policy, economic regulations, and government operations firsthand, providing a unique insight into the intersection of economics and governance.
How to Get a Government Internship:
To secure a Government Internship, consider these steps:
- Craft a resume highlighting your coursework in economics and any relevant extracurricular activities.
- Search for internships with government agencies at the federal, state, or local levels.
- Connect with professors, advisors, or alumni who can provide guidance and potential recommendations.
- Prepare for interviews by demonstrating your enthusiasm for public policy and economic issues.
Real-life Example:
David, an economics major, landed a Government Internship at a state department of economics. He stood out by excelling in his economics courses and gaining a recommendation from his economics professor.Â
During his internship, David conducted research on the economic impact of local tax policies, contributing valuable insights that influenced future policy decisions.
Types of Government Internships:
- Economic Policy Analysis
- Financial Management
- Regulatory Compliance
- Economic Development
- Data Analysis
Key Interests for Government Internship:
- An understanding of public policy and government operations
- Strong research and analytical skills
- Effective communication and teamwork
- A passion for influencing economic policy and regulations
- Detail-oriented mindset
Long-term Career Goals:
Long-term career goals for those planning a Government Internship often include:
- Pursuing government roles in economic analysis or policy-making.
- Climbing the ranks within government agencies, possibly to director or executive positions.
- Advocating for economic reform and contributing to policy changes.
- Building a network within the government and public policy sector.
4. Consulting Internship
A Consulting Internship is a valuable opportunity for economics majors to work with consulting firms, where they assist in providing strategic advice to businesses on a wide range of economic aspects. These internships offer a chance to develop problem-solving skills, work with diverse clients, and gain exposure to various industries.
How to Get a Consulting Internship:
To secure a Consulting Internship, consider these steps:
- Create a compelling resume highlighting relevant coursework, analytical abilities, and communication skills.
- Research and apply to internship programs at consulting firms, ranging from large multinational firms to boutique agencies.
- Network with professors, alumni, or industry professionals for advice and potential recommendations.
- Prepare for interviews by demonstrating your problem-solving skills and showcasing your ability to work in a team.
Real-life Example:
Emma, an economics major, landed a Consulting Internship with a well-known firm. Her application stood out due to her coursework in economics and a strong recommendation from a former client of the firm. During her internship, Emma contributed to market research and data analysis, providing critical insights to a client in the healthcare industry.
Types of Consulting Internships:
- Management Consulting
- Strategy Consulting
- Economic and Financial Consulting
- Healthcare Consulting
- Technology Consulting
Key Interests for Consulting Internship:
- Strong analytical and problem-solving skills
- Effective communication and teamwork
- Interest in providing strategic solutions
- Flexibility and adaptability to work on diverse projects
- Attention to detail
Long-term Career Goals:
Long-term career goals for those planning a Consulting Internship often include:
- Becoming a consultant at a prestigious firm.
- Progressing to senior consultant or partner roles.
- Specializing in a specific industry or service area.
- Building a professional network within the consulting industry.
5. Nonprofit or NGO Internship
A Nonprofit or NGO Internship provides economics majors with the opportunity to work with nonprofit organizations or non-governmental organizations (NGOs). These internships focus on contributing to causes that address social, environmental, or humanitarian issues while utilizing economic principles and analytical skills to make a positive impact.
How to Get a Nonprofit or NGO Internship:
To secure a Nonprofit or NGO Internship, consider these steps:
- Craft a resume highlighting your economics coursework and any previous volunteer or community service experience.
- Search for internships with nonprofit organizations or NGOs that align with your values and interests.
- Reach out to professors, advisors, or alumni who can offer guidance and potential recommendations.
- Prepare for interviews by showcasing your passion for the organization’s mission and explaining how your economics background can contribute to their goals.
Real-life Example:
Jake, an economics major, landed an internship with a local environmental nonprofit. He applied his economics knowledge to analyze the organization’s financial data and identify cost-saving opportunities. His contribution resulted in more resources being allocated to conservation efforts.
Types of Nonprofit or NGO Internships:
- Poverty Alleviation
- Environmental Conservation
- Human Rights Advocacy
- Public Health Initiatives
- Education and Youth Development
Key Interests for Nonprofit or NGO Internship:
- Commitment to the organization’s mission and values
- Strong analytical and research skills
- Effective communication and teamwork
- A desire to make a positive social impact
- Adaptability and empathy
Long-term Career Goals:
Long-term career goals for those planning a Nonprofit or NGO Internship often include:
- Becoming a leader in a nonprofit organization or NGO.
- Pursuing advanced degrees in fields like nonprofit management.
- Advocating for social and environmental change on a larger scale.
- Building a professional network within the nonprofit and NGO sectors.
6. Market Research Internship
A Market Research Internship provides economics majors with the opportunity to gain experience in the field of market research. This type of internship involves analyzing consumer behavior, market trends, and industry data to assist companies in making informed business decisions and developing effective marketing strategies.
How to Get a Market Research Internship:
To secure a Market Research Internship, consider these steps:
- Create a resume that highlights your coursework in economics, data analysis skills, and any relevant research experience.
- Look for internship openings with market research firms, marketing agencies, or within the research departments of larger corporations.
- Network with professors, career advisors, or alumni who can provide insights and potential recommendations.
- Prepare for interviews by showcasing your analytical abilities and your ability to interpret and communicate data.
Real-life Example:
Laura, an economics major, secured a Market Research Internship with a prominent marketing research agency. Her application highlighted her strong quantitative skills and coursework in economics.Â
During her internship, Laura was involved in a project that analyzed consumer purchasing behavior for a leading retail client, which later informed the client’s marketing strategy.
Types of Market Research Internships:
- Consumer Behavior Analysis
- Market Segmentation Research
- Product or Service Testing
- Competitive Analysis
- Data Visualization and Reporting
Key Interests for Market Research Internship:
- Strong analytical and data interpretation skills
- Interest in consumer behavior and market trends
- Effective communication, especially when presenting findings
- Attention to detail and accuracy
- The ability to draw actionable insights from data
Long-term Career Goals:
Long-term career goals for those planning a Market Research Internship often include:
- Becoming a market research analyst or manager.
- Advancing to leadership roles within research departments or agencies.
- Specializing in a particular industry or research methodology.
- Building a network within the market research and marketing industries.
7. Finance Internship
A Finance Internship offers economics majors an opportunity to gain hands-on experience in the financial sector. These internships can take place within various financial institutions, corporations, or investment firms and typically involve tasks related to financial analysis, asset management, risk assessment, and other aspects of finance.
How to Get a Finance Internship:
To secure a Finance Internship, consider these steps:
- Build a resume that highlights your relevant coursework, quantitative skills, and any previous financial experience.
- Search for internship opportunities with financial institutions, investment banks, or corporate finance departments.
- Network with professors, advisors, or alumni who can offer insights and potential recommendations.
- Prepare for interviews by demonstrating your financial acumen and showcasing your ability to analyze data and make informed financial decisions.
Real-life Example:
Alex, an economics major, successfully secured a Finance Internship with a prestigious investment bank. His application stood out due to his coursework in economics and strong quantitative skills.Â
During the internship, Alex worked with a team on a high-profile merger and acquisition project, contributing to the valuation analysis and financial modeling.
Types of Finance Internships:
- Investment Banking
- Corporate Finance
- Financial Planning and Analysis
- Asset Management
- Risk Management
Key Interests for Finance Internship:
- Strong analytical and quantitative skills
- Interest in financial markets and economic trends
- Effective communication and teamwork
- Ability to work well under pressure
- Attention to detail and accuracy
Long-term Career Goals:
Long-term career goals for those planning a Finance Internship often include:
- Advancing to associate or vice president roles within financial institutions.
- Exploring specialized areas like private equity, hedge funds, or financial consulting.
- Pursuing professional certifications such as CFA or CPA.
- Building a network within the financial industry and exploring opportunities for leadership roles.
8. Real Estate Internship
A Real Estate Internship offers economics majors the chance to gain hands-on experience in the real estate industry. These internships involve working with real estate development firms, property management companies, or real estate investment firms, where interns can learn about property valuation, market analysis, and the intricacies of real estate transactions.
How to Get a Real Estate Internship:
To secure a Real Estate Internship, consider these steps:
- Craft a resume highlighting your economics coursework, research skills, and any real estate-related coursework or projects.
- Search for internship opportunities with real estate companies, including property developers and real estate investment firms.
- Network with professors, career advisors, or alumni who can provide guidance and potential recommendations.
- Prepare for interviews by demonstrating your interest in real estate and your ability to analyze market trends.
Real-life Example:
Emily, an economics major, secured a Real Estate Internship with a prominent property development company. Her application stood out due to her coursework in economics and a strong recommendation from a real estate economics professor.Â
During her internship, Emily assisted with market research and property analysis, helping the company make informed investment decisions.
Types of Real Estate Internships:
- Property Development
- Real Estate Investment
- Property Management
- Real Estate Appraisal
- Real Estate Sales and Brokerage
Key Interests for Real Estate Internship:
- Strong analytical and research skills
- Interest in property markets and real estate trends
- Effective communication and negotiation abilities
- Attention to detail and market analysis
- Problem-solving skills in real estate transactions
Long-term Career Goals:
Long-term career goals for those planning a Real Estate Internship often include:
- Pursuing a career as a real estate analyst or property manager.
- Advancing to roles in real estate investment or development.
- Earning real estate licenses and certifications.
- Building a network within the real estate industry for career growth and opportunities.
9. Data Analytics Internship
A Data Analytics Internship provides economics majors with the opportunity to gain practical experience in the field of data analysis. These internships focus on collecting, analyzing, and interpreting data to help organizations make informed decisions, optimize processes, and gain insights into market trends.
How to Get a Data Analytics Internship:
To secure a Data Analytics Internship, consider these steps:
- Create a resume that highlights your coursework in economics, statistics, and any data-related projects or coursework.
- Search for internship opportunities with companies that value data analytics, such as tech firms, financial institutions, or consulting companies.
- Network with professors, advisors, or alumni with data analytics experience for advice and potential recommendations.
- Prepare for interviews by demonstrating your analytical skills, proficiency in data analysis tools, and your ability to turn data into actionable insights.
Real-life Example:
James, an economics major, landed a Data Analytics Internship with a tech startup. His application stood out due to his coursework in economics and data analysis skills gained through an online certification program.Â
During his internship, James worked on data-driven projects, uncovering user behavior patterns to improve the company’s app.
Types of Data Analytics Internships:
- Business Intelligence
- Marketing Analytics
- Financial Data Analysis
- Healthcare Data Analytics
- Operations Analytics
Key Interests for Data Analytics Internship:
- Strong quantitative and analytical skills
- Proficiency in data analysis tools like Excel, SQL, or Python
- Interest in uncovering insights from data
- Effective communication and visualization skills
- Problem-solving and critical thinking abilities
Long-term Career Goals:
Long-term career goals for those planning a Data Analytics Internship often include:
- Becoming a data analyst, data scientist, or business intelligence analyst.
- Progressing to senior or management roles within data analytics teams.
- Pursuing advanced degrees or certifications in data science or data analytics.
- Building a professional network within the data analytics and tech industries.
Final Thoughts
In today’s competitive job market, securing valuable summer internships for economics majors can be a game-changer for your career. These internships offer you a unique chance to apply your classroom knowledge in real-world settings and help you stand out to potential employers.
The diverse array of opportunities available—from finance and consulting to government and data analytics—allows you to explore various sectors and align your interests with your career goals. When pursuing these internships, remember that networking, building a strong resume, and honing your interview skills are key.
Leverage your professors’ knowledge and tap into your university’s career resources to navigate your path successfully. Real-life examples of individuals who’ve excelled in these roles prove that with dedication and the right skill set, you can achieve your long-term career goals, whether they lead you to the finance world, research, or data analysis.
As a career advice expert for internship programs, my final thoughts are that these internships provide the stepping stones to a promising future in the field of economics.
So, make the most of the opportunities presented to you and strive for excellence in your chosen path. Your summer internships can be the catalyst for a successful and fulfilling career ahead.
Hey, I am Sachin Ramdurg. I run and manage futuredecider.com website that helps students, graduates, and professionals, to find and decide on their future career with ultimate future career advices and future career guides. I have an overall 12+ years of career guidance experience in multiple domains which has helped multiple students, graduates, and professionals to find the best career path for their future.