Economics
School of Business
Economics is the science of human choice, the study of how individuals and businesses allocate scarce resources among competing uses. As an economics major, you’ll gain an understanding of markets and incentives, and learn to evaluate current events and assess public policy. From our gateway course to our capstone programs, you’ll develop the analytical and communication skills valued by employers. Our curriculum focuses on applying quantitative and data analysis expertise to address business, public policy, and socioeconomic concerns. We also help you build and refine your communication skills, preparing you to present your work professionally with confidence.
Undergraduate work in economics is excellent preparation for careers in business, government, and teaching, as well as for graduate work in economics and professional schools such as law, public administration, and medicine. Specialization in economics prepares students for careers that emphasize analytical thinking, a broad understanding of the economy and business organizations, and the impact firm/government decisions have upon consumers, firms, and the economy as a whole. Because of their analytical, quantitative and decision-making skills, students who major in economics are sought after for a wide array of positions. In particular, the specific skills economics majors acquire provide employment opportunities in large organizations that forecast business conditions and analyze economic data.
Students interested in changing their major to the School of Business should first review the available programs offered. Click here for a list of available programs. Then, a student must attend a School of Business-Change of Major Session. You can view the available change of major sessions by clicking here. Please note, in order for a student to be eligible to attend a change of major session, a student must (a) earned a “C” or higher in one of the following courses: MATH 129 or MATH 139 or MATH 141 or MATH 151 or MATH 200 or BUSN 212 or (b) have an active math placement score.
- Budget, Financial, or Public Policy Analyst
- Economist
- Information Scientist
- Journalist
- Loan Officer
- Personal Financial Advisor
- Research Assistant
- Statistician
- Underwriter
- Urban Planner
- College Professor
- Economic Consultant
- Financial Manager
- Policy Advisor
- ECON 501 or SCMA 302 or STAT 314
- MATH 200 or BUSN 212
- Natural Sciences requirement only
- No
- Yes
- 2.0+ cumulative GPA to graduate, 2.0+ major GPA to graduate.
Contact information
MAXIMIZE COURSE AND DEGREE PLANNING
- Enroll in a student success course to connect with campus advisors and build community around your interests and goals.
- Map out a 4-year course plan in DegreeWorks' Student Educational Planner.
- Meet with a writing consultant to hone your writing skills.
- Schedule an appointment with your academic advisor to start goal planning, and choose electives.
- Sharpen your study skills in Peer Assisted Study Sessions (PASS) at the Campus Learning Center.
- Take a virtual library tour to learn about library spaces, services, and research help.
- Earn at least a 2.5 semester GPA and 15 credits a semester to declare your major at the end of year 2 & graduate in 4 years.
- Take BUSN 201: Foundations of Business to explore fundamental business environments, functions, and practices.
- Take Math Placement and register for math classes each semester until you complete BUSN 212 or MATH 200 and SCMA 301.
EXPAND YOUR COMMUNITY
- Apply to live in a program-in-residence or a living-learning community.
- Connect with Global Education Office to explore leadership and intercultural communication skill-building programs and review resources such as Global Learning's Major Advising Sheets, study abroad fairs or complete Rams Abroad 101. to explore studying abroad opportunities and other global learning opportunities.
- Consider applying to the Honors College.
- Create a profile on RamsConnect to explore student organizations and get involved, meet people, and develop your interests.
- Get involved and meet new friends through the Student Government Association or one of over 450 student clubs and organizations (BSPS Student club, Chemistry, etc.)
- Register to vote in Virginia and explore Richmond’s many museums and parks.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
- Apply to be a Division of Student Affairs peer leader.
- Attend one career event sponsored by Career Services.
- Complete and activate your Handshake profile and opt-in to industry email lists.
- Consider applying for a federal work-study job on- or off-campus in Handshake.
- Learn more about potential careers by using Forage in the Navigate 360 app.
- Review your Career Works 4 year career planning tool and start working on your milestones.
- Seek research opportunities by checking out the Undergraduate Research and Creative Inquiry webpage.
- Create a draft resume and meet with a career advisor in Business Career Services to discuss it.
- Explore innovation and business/non-profit creation with the da Vinci Center.
PREPARING FOR LIFE AFTER COLLEGE
- Access your free credit report and begin making responsible credit choices to prepare for your future.
- Build a resume and LinkedIn profile with help from VCU Career Services, make at least 10 connections, and check out the VCU alumni career programs page.
- Connect with the Student Alumni Council to connect to VCU alumni.
- Make a 4-year affordability plan with your financial counselor.
- Practice independent living skills such as money and time management, self-care, and personal responsibility.
MAXIMIZE COURSE AND DEGREE PLANNING
- Get familiar with the research process with the VCU Libraries Research Basics Guide.
- Schedule an appointment with your major advisor to explore minors, certificates, and plan your required REAL experience.
- Take BUSN 301: Career and Professional Development and BUSN 325: Business Communications to help prepare you for career readiness and build your communication skills with confidence and professionalism
- Talk to your professors about research interests, picking future classes, and strategies for success in your program.
EXPAND YOUR COMMUNITY
- Discuss personal and professional interests with faculty.
- Investigate globally-focused courses in your major by pursuing language coursework or setting language proficiency goals with advisors and faculty and apply for the Critical Languages Scholarship.
- Take a service-learning class to get involved with local organizations while earning credit.
- Volunteer to address a social issue and check out Hands on Greater Richmond for opportunities.
- Talk to your professors about research interests, picking future classes, and strategies for success in your program.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
- Attend career and internship fairs and other professional development events.
- Build a professional resume and upload it to Handshake.
- Complete a gap analysis with your career advisor to identify key skills required for your professional field.
- Pursue a digital badge to highlight the knowledge, skills, and experiences employers and graduate schools value.
- Seek out practical experience through independent skill-building, internships, shadowing, or part-time work.
- . Plan ahead to complete at least 2 internships before the start of your 4th year.
- Create an ePortfolio to document academic/professional experiences, accomplishments, and reflections.
PREPARING FOR LIFE AFTER COLLEGE
- Ask a faculty or staff member to be your academic and professional mentor and to provide future letters of recommendation.
- Conduct informational interviews or shadow someone in a field of professional interest.
- Connect with alumni on VCULink for career advice, industry contacts, and meaningful professional relationships.
- Meet with a coach at the Financial Success Center to set financial goals, understand student loans, and create spending plans.
- Meet with a coach at Financial Success Center to set financial goals, understand student loans, and create spending plans.
MAXIMIZE COURSE AND DEGREE PLANNING
- Enhance your business, software, technology, and creative skills using LinkedIn Learning.
- Meet with your academic and career advisors to discuss graduation progress and career planning.
- Consider applying for the accelerated 5-year BS to MA degree in Economics.
- Take ECON 300, ECON 301, and ECON 302.
EXPAND YOUR COMMUNITY
- Attend civic meetings, such as school board, neighborhood association, city council, or state legislative sessions.
- Build language proficiency and cultural competence by carrying out your plans for study abroad, internships, and service-learning.
- Design a community-engaged research project.
- Explore new cultures at one of Richmond’s wide array of festivals.
- Make an appointment with the National Scholarship Office to explore post-graduate scholarship and fellowship opportunities.
- Motivate your peers by presenting at Leaders Unleashed: Student Leadership Conference or at TEDxVCU.
- Consider seeking out leadership positions in your business student organization to gain experience and build transferable skills for your resume.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
- Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience.
- Take advantage of mock interview opportunities through Big Interview or meeting with a career advisor.
- Update your ePortfolio.
- Schedule a time to meet with the department chair to discuss post-VCU career opportunities & grad school options.
- Try out for the College Fed Challenge.
- Update your ePortfolio.
PREPARING FOR LIFE AFTER COLLEGE
- Have a personal statement or cover letter reviewed by Career Services or the Writing Center.
- Make a plan with your academic, career, and faculty advisors for applying to graduate school or land a micro-internship.
- Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
- Study for and complete any standardized exams required for graduate school the summer before senior year.
- Connect with VCU Economics Students and Alumni on LinkedIn.
- Talk to advisors, faculty, and Business Career Services about graduate school versus a job.
MAXIMIZE COURSE AND DEGREE PLANNING
- Apply to graduate for your undergraduate degree.
- Choose REAL electives to diversify your skillset and round out your degree.
- Schedule an appointment with your academic advisor the semester before you graduate to ensure that all graduation requirements will be met.
- Complete the BUSN 499 Business Knowledge Exam.
- Conduct independent undergraduate research in ECON 492.
- Take an economics capstone course (ECON 431, 441, 442, 461, or 489).
- Take MGMT 434 in your final semester -- be aware of the multiple prereqs!
EXPAND YOUR COMMUNITY
- Attend professional association conferences that offer student rates or scholarships.
- Carry out globally-oriented research projects with multilingual faculty and international partners.
- Read scholarly articles about internationalization in your field.
- Serve in a leadership role on campus in a local community organization.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
- Apply for post-graduation programs like Peace Corps, Literacy Lab, or AmeriCorps.
- Meet with your academic or professional mentor and identify examples of your experiential learning to share with employers.
- Publish your original research in Auctus: The Journal of Undergraduate Research and Creativity.
- Complete at least one internship in ECON 493.
- Reflect on the experiential learning you have engaged in thus far, and discuss with current or potential mentors (peers, faculty, advisors, alumni, professionals).
PREPARING FOR LIFE AFTER COLLEGE
- Connect with the Office of VCU Alumni Relations at Grad Fair, Grad Bash, and the VCULink Industry Network or alumni chapter.
- Fill out VCU’s First Destination Survey.
- Prepare for graduation by making a plan to complete licensing exams, applications, and self-marketing activities.
- Single out prospective employers and create a job or graduate school search strategy at least 8 months before graduation.
Economics
School of Business
| MAXIMIZE COURSE AND DEGREE PLANNING | EXPAND YOUR COMMUNITY | EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS | PREPARING FOR LIFE AFTER COLLEGE | ||
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| Experience | Year 2 |
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| Excel | Year 4 |
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