Economic Consulting Major (21 Credit Hours)
Business economics is playing an increasingly important role in managerial decision making in the United States and abroad as firm strategy is becoming more analytical. The undergraduate major in Economic Consulting provides students with training in the application of micro- and macroeconomics to problems of business decision making and in forecasting techniques. The major focuses on critical thinking, business strategies, and problem-solving.
Many corporations have outsourced their economic analysis divisions and contract instead with external consulting firms. The realm of consulting comprises strategic, management, economic, litigation, human resource, IP, and IT consulting, to name a few specializations. Some consulting firms are very large and cover different fields of consulting; others are smaller and more specialized. Economic consulting majors have been hired by consulting firms such as McKinsey, Boston Consulting Group, Bain, Huron, Accenture, Navigant, and Protiviti. Business economists are also actively hired by the financial service industry, investment banks, commercial banks, and hedge funds. Examples of recent hires include Goldman Sachs, Barclays, Bank for America, BMO Financial, and Lincoln International. Other major firms who have hired majors include Deloitte, EY, KPMG, PwC, as well as Microsoft, Google, Amazon, Target, Johnson & Johnson, Texas Instruments, and 3M.