Bachelors in Economics

Students in Northwestern’s Economics program don’t just learn theory—they do economics. Through resources like the EconLab, you'll dive into real data, gaining hands-on research experience with faculty guidance. Many upper-level field courses incorporate statistical software tools (Stata, R, or Python) for exploring real-world economic questions. The department partners with Chicago Field Studies, offering quarter-long internships that connect classroom knowledge with industry and policy practice in one of the world’s greatest cities. Collaborations through peer‑guided study groups, undergraduate research assistantships, and EconLab RA roles mean you can build leadership and analytical skills from day one:

• EconLab: A dedicated collaborative workspace where undergraduates assist with ongoing research, learn data‑analysis workflows, and present findings alongside faculty 

• Chicago Field Studies internships: Semester internships tied to coursework allow you to solve economic problems in finance, consulting, and government—then reflect on your experience academically .

• Econometric tools: Core courses like ECON 281 and advanced electives require use of Stata, R, or Python for real-world regression analysis and forecasting .

• Peer-guided learning: Optional mentored study groups and peer sessions for ECON 201/202 help deepen your understanding through collaboration 

• Undergraduate research & honors thesis: You can join faculty-led projects or write a senior thesis (ECON 398/399) under academic mentorship .

Graduates of Northwestern’s Economics program are well-prepared for impactful careers across various sectors. With a median early-career salary of $60,000 and mid-career earnings reaching up to $100,000, economics majors enjoy robust employment prospects. Common career paths include:

• Economic Analyst – Assessing market trends and advising businesses or government agencies.

• Financial Consultant – Providing strategic financial advice to organizations.

• Policy Advisor – Influencing public policy through data-driven insights.

• Data Scientist – Applying statistical methods to analyze complex datasets.

Support & Resources:

• Career Services: Offers personalized career coaching, resume workshops, and interview preparation.

• Employer Connections: Facilitates internships and job placements through partnerships with leading firms.

• Alumni Network: Provides mentorship and networking opportunities to students and recent graduates.

Employment Statistics:

• Employment Rate: Approximately 95% of graduates secure employment within six months.

• Average Salary: Graduates earn a median salary of $60,000 early in their careers.

Industry Partnerships:

• Corporate Collaborations: Engage with top companies through internships and co-op programs.

• Research Opportunities: Participate in projects with renowned economic research institutions.

Accreditation & Recognition:

• Northwestern University is accredited by the Higher Learning Commission, ensuring a high-quality education.

• The Economics program is consistently ranked among the top in the nation.

Graduation Outcomes:

• Graduate School Acceptance: Many graduates pursue advanced degrees in economics, law, or business.

• Entrepreneurship: Some alumni start their own ventures, leveraging their economic expertise.

Further Academic Progression:

After completing the Bachelor of Arts in Economics, students have several avenues for further academic development:

• Master’s Programs: Pursue advanced degrees in economics, public policy, or business administration.

• Ph.D. Programs: Engage in rigorous research through doctoral studies in economics or related fields.

• Certifications: Obtain professional certifications in data analysis, financial modeling, or economic forecasting.