Are you an economics major wondering, what are good internships for economics majors? Well, you’ve landed in the right place. In this comprehensive guide, we’re about to embark on a journey to uncover the diverse and exciting internship opportunities awaiting economics enthusiasts like you.
Economics is more than just a subject; it’s the engine that powers our world, shaping everything from government policies to business strategies. If you’re passionate about understanding how economies work and you’re eager to apply your knowledge to real-world scenarios, then this guide is your gateway to a multitude of enriching internship experiences.
As a career advice expert, I know that choosing the right internship can be a pivotal moment in your academic and professional journey. Your internship is not just a box to check; it’s a transformative experience that will help you refine your skills, build a network, and set the course for your future career.
So, let’s dive into the world of economics internships and explore 11 fantastic opportunities that can pave the way for your success.
What Are Good Internships For Economics Majors?
Are you an economics major wondering about good internship options? Look no further. Finding the right internship as an economics student can be a game-changer for your career. These experiences aren’t just checkboxes; they’re opportunities to dive into the dynamic world of economics and gain valuable skills.
Related: Why internships only accepts students
From economic research roles in government agencies to financial analyst positions in banks, there’s a wide array of internships available. You can explore consulting firms, nonprofit organizations, private corporations, and academic research too.
Each of these offers a unique learning experience and a chance to apply your economics knowledge to real-world situations. So, whether you’re into economic policy analysis or financial modeling, there’s an internship out there waiting to kickstart your journey to success in the field of economics.
11 Good Internships For Economics Majors
Internships for economics majors can encompass a wide range of job roles across various sectors. Remember that the availability of specific internships may vary depending on your location, educational institution, and the current job market conditions.
It’s essential to research and tailor your internship search to align with your career goals and interests in economics. Here are 11 good internships categorized by job role:
- Economic Research Intern
- Financial Analyst Intern
- Consulting Analyst Intern
- Government Policy Analyst Intern
- Nonprofit Program Coordinator Intern
- Business Analyst Intern
- Risk Management Intern
- Supply Chain Analyst Intern
- Environmental Economist Intern
- Healthcare Economics Intern
- Academic Research Assistant
What are good internships for economics majors:
1. Economic Research Intern
Economic Research Interns are undergraduate or graduate students majoring in economics who work alongside professionals in the field to gain practical experience in conducting economic research, analyzing data, and contributing to reports and studies.
Related: Are internships worth for graduates
How to Get an Economic Research Internship:
To secure an Economic Research Internship, economics majors should:
- Tailor their resume and cover letter to highlight relevant coursework and skills.
- Leverage university career services for job postings and application support.
- Network with professors and professionals in the field.
- Prepare for interviews by showcasing their passion for economics and analytical skills.
Roles and Responsibilities:
Economic Research Interns often:
- Assist with data collection and analysis.
- Conduct literature reviews and background research.
- Prepare reports and presentations.
- Collaborate with senior researchers on projects.
Real-life Example:
Meet Sarah, an economics major who landed an Economic Research Internship at a think tank. She helped analyze the impact of government policies on small businesses, contributed to a policy brief, and presented her findings at a conference.
Types of Economic Research Interns:
- Government Economic Research Interns
- Think Tank Research Interns
- Corporate Research Analyst Interns
- Nonprofit Economic Research Interns
Interests Required:
- Strong analytical and quantitative skills
- Interest in economic data and policy analysis
- Curiosity about economic trends and their implications
Long-term Career Goals:
For long-term career success, consider:
- Pursuing advanced degrees like a Master’s or Ph.D. in economics.
- Building a strong professional network in the economics field.
- Gaining expertise in a specialized area of economics.
- Exploring careers as economic analysts, policy researchers, or academic economists.
2. Financial Analyst Intern
Financial Analyst Interns are students pursuing economics degrees who gain hands-on experience working in financial institutions, aiding in investment analysis, portfolio management, and financial modeling.
How to Get a Financial Analyst Internship:
To secure a Financial Analyst Internship, economics majors should:
- Craft a resume highlighting relevant coursework and skills.
- Network with professors, professionals, and alumni in the finance sector.
- Apply through university career services or online job platforms.
- Prepare for interviews by demonstrating analytical and financial acumen.
Roles and Responsibilities:
Financial Analyst Interns often:
- Analyze financial data and market trends.
- Assist in investment decision-making.
- Create financial models and forecasts.
- Produce reports for clients and senior analysts.
Real-life Example:
Meet Alex, an economics major who landed a Financial Analyst Internship at an investment bank. He participated in analyzing market conditions, helped identify investment opportunities, and contributed to client presentations, gaining valuable insights into the world of finance.
Types of Financial Analyst Interns:
- Investment Banking Analyst Interns
- Risk Analysis Interns
- Corporate Finance Interns
- Wealth Management Interns
Interests Required:
- Strong analytical and quantitative skills
- A keen interest in financial markets and investment strategies
- Proficiency in data analysis and financial modeling
- Attention to detail and the ability to work with large datasets
Long-term Career Goals:
For long-term career success, consider:
- Earning professional certifications like the Chartered Financial Analyst (CFA) designation.
- Pursuing roles such as financial analyst, portfolio manager, or investment banker.
- Continuously updating financial knowledge and staying informed about market trends.
- Building a strong professional network in the finance industry.
3. Consulting Analyst Intern
Consulting Analyst Interns are economics students who embark on internships with consulting firms to gain practical experience in data analysis, market research, and strategy development, assisting in delivering solutions to clients’ complex problems.
How to Get a Consulting Analyst Internship:
To secure a Consulting Analyst Internship, economics majors should:
- Create a targeted resume emphasizing relevant coursework and analytical skills.
- Utilize university career services or apply directly to consulting firms.
- Leverage networking opportunities, including attending career fairs and connecting with professionals.
- Prepare for interviews by demonstrating problem-solving abilities and an understanding of consulting methodologies.
Roles and Responsibilities:
Consulting Analyst Interns often:
- Collect and analyze data to support client projects.
- Assist in developing business strategies and recommendations.
- Create presentations for clients.
- Collaborate with project teams to solve complex problems.
Real-life Example:
Meet Jessica, an economics major who secured a Consulting Analyst Internship at a renowned firm. She worked on a team addressing a client’s market entry strategy, conducting market research, and assisting in the development of a comprehensive market entry plan.
Types of Consulting Analyst Interns:
- Economic Consulting Analyst Interns
- Market Research Analyst Interns
- Strategy Consulting Analyst Interns
- Policy Consulting Analyst Interns
Interests Required:
- Strong analytical and problem-solving skills
- A passion for data analysis and a desire to draw actionable insights
- Effective communication and teamwork
- Interest in client interactions and solving complex business challenges
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles such as management consultant or strategy consultant.
- Developing expertise in specific industries or sectors.
- Gaining industry-specific certifications or advanced degrees.
- Building a strong professional network in the consulting field.
4. Government Policy Analyst Intern
Government Policy Analyst Interns are economics majors who engage in internships with government agencies, assisting in the analysis of public policies, economic data, and the development of recommendations for policy changes and improvements.
How to Get a Government Policy Analyst Internship:
To secure a Government Policy Analyst Internship, economics majors should:
- Create a well-tailored resume emphasizing coursework and skills related to policy analysis.
- Seek internship opportunities through government agency websites or university career services.
- Network with professors and professionals in the field.
- Prepare for interviews by demonstrating knowledge of public policy and the ability to analyze its impact.
Roles and Responsibilities:
Government Policy Analyst Interns often:
- Analyze economic data to evaluate the impact of policies.
- Assist in the formulation of policy recommendations.
- Conduct research to inform policy decisions.
- Collaborate with policy teams on projects.
Real-life Example:
Consider John, an economics major who secured a Government Policy Analyst Internship at the Department of Treasury. His responsibilities included analyzing the economic implications of proposed tax reforms and contributing to policy briefs presented to senior officials.
Related: Are internships taxable?
Types of Government Policy Analyst Interns:
- Fiscal Policy Analyst Interns
- Healthcare Policy Analyst Interns
- Environmental Policy Analyst Interns
- International Trade Policy Analyst Interns
Interests Required:
- A strong understanding of economic principles and their impact on public policies.
- Interest in government and public policy analysis.
- Effective communication skills.
- The ability to work with large datasets and statistical tools.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles in government policy analysis or economic advising.
- Attaining advanced degrees in public policy or economics.
- Building expertise in specific policy areas, such as healthcare or environmental policy.
- Developing a professional network in the field of government and policy analysis.
5. Nonprofit Program Coordinator Intern
Nonprofit Program Coordinator Interns are economics majors who participate in internships with nonprofit organizations, aiding in the planning, development, and execution of programs and initiatives aimed at social and community betterment.
How to Get a Nonprofit Program Coordinator Internship:
To secure a Nonprofit Program Coordinator Internship, economics majors should:
- Craft a resume highlighting relevant coursework and their passion for social issues.
- Seek opportunities through nonprofit organizations’ websites, volunteer networks, or university career services.
- Connect with nonprofit professionals and attend networking events.
- Excel in interviews by expressing dedication to the organization’s mission and showcasing their organizational and teamwork skills.
Roles and Responsibilities:
Nonprofit Program Coordinator Interns often:
- Assist in program planning, including setting objectives and timelines.
- Coordinate with volunteers, staff, and stakeholders.
- Monitor program progress and collect data for evaluation.
- Participate in community outreach and engagement efforts.
Real-life Example:
Meet Maria, an economics major who secured a Nonprofit Program Coordinator Internship with a local food bank. She played a crucial role in organizing food distribution programs, collaborating with volunteers, and ensuring that underprivileged communities received essential support.
Types of Nonprofit Program Coordinator Interns:
- Social Services Program Coordinator Interns
- Education Program Coordinator Interns
- Environmental Program Coordinator Interns
- Healthcare Program Coordinator Interns
Interests Required:
- A genuine passion for the nonprofit’s mission.
- Strong organizational and project management skills.
- Effective communication and teamwork.
- Empathy and a desire to make a positive impact on communities.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles in nonprofit program management or leadership.
- Obtaining a Master’s in Public Administration or Nonprofit Management.
- Gaining expertise in a specific area, such as education or healthcare.
- Building a professional network in the nonprofit sector and connecting with potential donors and partners.
6. Business Analyst Intern
Business Analyst Interns are economics students who undertake internships within corporations, contributing to the analysis of business operations, market data, and decision-making processes to enhance efficiency and profitability.
Related: 26 business internships for college students
How to Get a Business Analyst Internship:
To secure a Business Analyst Internship, economics majors should:
- Craft a well-structured resume showcasing relevant coursework and analytical abilities.
- Utilize university career services or online job portals for internship postings.
- Network with professors and professionals in the business and finance sectors.
- Prepare for interviews by emphasizing their analytical skills and problem-solving acumen.
Roles and Responsibilities:
Business Analyst Interns often:
- Analyze market trends and competitors.
- Assist in the development of business strategies.
- Conduct financial modeling and data analysis.
- Contribute to reports and presentations.
Real-life Example:
Consider James, an economics major who landed a Business Analyst Internship at a multinational corporation. He played a pivotal role in analyzing market data to identify new market opportunities, which resulted in a successful market entry strategy.
Related: 12 best business internships for business majors
Types of Business Analyst Interns:
- Market Research Analyst Interns
- Financial Analyst Interns
- Operations Analyst Interns
- Data Analyst Interns
Interests Required:
- Strong analytical and quantitative skills.
- A passion for understanding business dynamics.
- Proficiency in data analysis and financial modeling.
- Effective communication and teamwork.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles such as business analyst, operations manager, or financial manager.
- Earning certifications like the Chartered Financial Analyst (CFA) designation or Project Management Professional (PMP) certification.
- Developing expertise in a specific industry or sector.
- Building a professional network in the business and finance sector.
7. Risk Management Intern
Risk Management Interns are economics students who embark on internships in financial institutions and insurance companies to gain hands-on experience in identifying, assessing, and mitigating risks, contributing to the stability and compliance of their organizations.
How to Get a Risk Management Internship:
To secure a Risk Management Internship, economics majors should:
- Create a focused resume highlighting relevant coursework and quantitative skills.
- Utilize university career services and industry-specific job portals for internship opportunities.
- Network with professors and professionals in the risk management sector.
- Prepare for interviews by demonstrating their understanding of risk analysis and compliance measures.
Roles and Responsibilities:
Risk Management Interns often:
- Assess financial and operational risks.
- Aid in developing risk mitigation strategies.
- Conduct compliance audits and report findings.
- Assist in creating risk management reports.
Real-life Example:
Meet Sarah, an economics major who landed a Risk Management Internship at an insurance company. She played a vital role in identifying potential risks in insurance policies, helping to ensure clients were appropriately covered while mitigating financial exposure for the company.
Types of Risk Management Interns:
- Credit Risk Analyst Interns
- Operational Risk Analyst Interns
- Compliance Analyst Interns
- Insurance Risk Analyst Interns
Interests Required:
- Strong analytical and quantitative skills.
- A keen interest in risk assessment and mitigation.
- Attention to detail and a methodical approach.
- Effective communication and teamwork.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles such as risk analyst, compliance officer, or risk manager.
- Earning professional certifications like the Financial Risk Manager (FRM) or Certified Risk Manager (CRM) designation.
- Building expertise in a specific area of risk management, such as credit or operational risk.
- Developing a professional network in the risk management and financial sectors.
8. Supply Chain Analyst Intern
Supply Chain Analyst Interns are economics students who take on internships with corporations, focusing on optimizing supply chain operations, ensuring cost-efficiency, and contributing to the smooth flow of goods and services.
How to Get a Supply Chain Analyst Internship:
To secure a Supply Chain Analyst Internship, economics majors should:
- Craft a tailored resume emphasizing relevant coursework and analytical skills.
- Utilize university career services, industry-specific job boards, and corporate websites for internship postings.
- Network with professors and professionals in the supply chain and logistics field.
- Prepare for interviews by showcasing their analytical abilities and interest in supply chain processes.
Roles and Responsibilities:
Supply Chain Analyst Interns often:
- Analyze supply chain data and performance metrics.
- Assist in inventory management and procurement.
- Optimize supply chain processes and logistics.
- Collaborate with cross-functional teams to resolve supply chain issues.
Real-life Example:
Consider Mark, an economics major who secured a Supply Chain Analyst Internship at a major retail company. He played a key role in analyzing data to improve product forecasting, resulting in reduced excess inventory and cost savings.
Types of Supply Chain Analyst Interns:
- Inventory Analyst Interns
- Procurement Analyst Interns
- Logistics Analyst Interns
- Distribution Analyst Interns
Interests Required:
- Strong analytical and quantitative skills.
- An interest in supply chain and logistics management.
- Attention to detail and problem-solving abilities.
- Effective communication and teamwork.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles such as supply chain analyst, logistics manager, or operations manager.
- Earning industry-specific certifications like the Certified Supply Chain Professional (CSCP).
- Building expertise in a specific area of supply chain, such as inventory management or procurement.
- Developing a professional network in the supply chain and logistics field.
9. Environmental Economist Intern
Environmental Economist Interns are economics students who engage in internships within environmental organizations or government agencies, focusing on analyzing and evaluating the economic impact of environmental policies and sustainability initiatives.
How to Get an Environmental Economist Internship:
To secure an Environmental Economist Internship, economics majors should:
- Create a resume highlighting relevant coursework in environmental economics and analytical skills.
- Seek opportunities through environmental organizations, government websites, and university career services.
- Network with professors and professionals in the environmental economics field.
- Prepare for interviews by demonstrating their passion for environmental issues and the ability to conduct economic analysis in this context.
Roles and Responsibilities:
Environmental Economist Interns often:
- Analyze the economic impact of environmental policies and initiatives.
- Collect and interpret data related to environmental outcomes.
- Assist in the development of reports and recommendations.
- Collaborate with environmental research teams.
Real-life Example:
Meet Emma, an economics major who secured an Environmental Economist Internship with an environmental consultancy. She worked on a project evaluating the economic benefits of a renewable energy initiative, contributing to a report that influenced policy decisions.
Types of Environmental Economist Interns:
- Environmental Policy Analyst Interns
- Sustainability Analyst Interns
- Renewable Energy Economist Interns
- Conservation Economist Interns
Interests Required:
- A strong understanding of economics with a focus on environmental issues.
- A passion for sustainable practices and environmental conservation.
- Proficiency in data analysis and economic modeling.
- Effective communication and teamwork.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles in environmental economics, environmental policy analysis, or sustainability management.
- Earning advanced degrees or certifications in environmental economics.
- Specializing in areas such as renewable energy economics or climate change economics.
- Building a professional network in the environmental economics and sustainability field.
10. Healthcare Economics Intern
Healthcare Economics Interns are economics students who pursue internships in healthcare organizations, insurance companies, or government agencies. They focus on analyzing healthcare data, assessing the economic aspects of healthcare policies, and contributing to informed decision-making in the healthcare sector.
How to Get a Healthcare Economics Internship:
To secure a Healthcare Economics Internship, economics majors should:
- Develop a resume highlighting relevant coursework in healthcare economics and quantitative skills.
- Explore opportunities through healthcare organizations, insurance providers, and university career services.
- Network with professors and healthcare professionals.
- Excel in interviews by demonstrating their understanding of healthcare economics and its impact on healthcare delivery.
Roles and Responsibilities:
Healthcare Economics Interns often:
- Analyze healthcare data to evaluate cost-effectiveness.
- Assess the economic implications of healthcare policies.
- Conduct research to support healthcare decision-making.
- Collaborate with healthcare professionals on projects.
Real-life Example:
Meet John, an economics major who secured a Healthcare Economics Internship with a leading healthcare provider. He was involved in analyzing patient data to identify areas for cost reduction, contributing to a more efficient allocation of resources.
Types of Healthcare Economics Interns:
- Health Policy Analyst Interns
- Healthcare Data Analyst Interns
- Health Insurance Economics Interns
- Healthcare Quality Improvement Analyst Interns
Interests Required:
- A solid foundation in economics with a focus on healthcare economics.
- A genuine interest in healthcare policy and its economic implications.
- Proficiency in data analysis and healthcare-specific research methods.
- Effective communication and collaboration skills.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing roles in healthcare economics, health policy analysis, or healthcare management.
- Obtaining advanced degrees or certifications in healthcare economics.
- Specializing in areas such as healthcare data analytics or health policy development.
- Building a professional network in the healthcare and health economics sector.
11. Academic Research Assistant
Academic Research Assistants, often economics students, are individuals who work closely with professors, researchers, or academic institutions to support various research projects, experiments, and studies, contributing to the advancement of knowledge in their chosen field.
How to Get an Academic Research Assistant Position:
To secure an Academic Research Assistant position, economics majors should:
- Develop a resume that highlights relevant coursework and research skills.
- Approach professors or academic advisors regarding available research opportunities.
- Search university bulletin boards and online platforms for research assistant positions.
- Excel in interviews by demonstrating their enthusiasm for research and analytical abilities.
Roles and Responsibilities: Academic Research Assistants often:
- Collect and analyze research data.
- Assist in literature reviews and data interpretation.
- Collaborate with senior researchers on various aspects of research projects.
- Aid in the preparation of research reports and papers.
Real-life Example:
Meet Sarah, an economics major who acquired an Academic Research Assistant position under a renowned economist. She contributed to a research project exploring the economic impact of environmental policies, conducting data analysis and helping prepare a research paper that was later published in a peer-reviewed journal.
Types of Academic Research Assistant Roles:
- Economic Research Assistant
- Data Analysis Assistant
- Survey Research Assistant
- Laboratory Research Assistant
Interests Required:
- A passion for academic research and a specific field of interest.
- Strong analytical and data interpretation skills.
- Effective communication and the ability to work as part of a research team.
- Attention to detail and a dedication to the research process.
Long-term Career Goals:
For long-term career success, consider:
- Pursuing graduate studies to gain in-depth research expertise.
- Publishing research papers in academic journals.
- Building a professional network within the academic and research community.
- Exploring career options in academia, research institutions, or think tanks.
Final Thoughts
When you’re an economics major, the journey to finding the right internship can be both exciting and challenging. By exploring the diverse options available, you can gain valuable real-world experience that complements your academic studies and sets you on a path towards a rewarding career.
The opportunities we’ve discussed here cover a wide spectrum of fields, allowing you to choose the one that aligns best with your interests and career goals. As a career advice expert, my final thoughts are to encourage you to keep an open mind and actively seek out internships that not only provide a learning experience but also resonate with your personal interests.
Whether you’re drawn to financial analysis, policy evaluation, or research, each of these internships offers a unique chance to dive into the world of economics and make a meaningful impact. Remember, the path to a successful career in economics often begins with a well-chosen internship.
So, what are good internships for economics majors? They’re the ones that inspire your passion, refine your skills, and set you on the road to becoming a dynamic force in the world of economics. The choices are yours to explore, and with the right internship, you can look forward to a bright and fulfilling future in this dynamic field.
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.