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Your Guide to Economics Internships

Explore our comprehensive guide to the best economics internships for college students.

Types of internships for economics majors

As a major with so many career path options, choosing to study economics gives you many types of internships to consider. There will always be an opening for a great economics internship, as the field is always looking for capable economic students to help and hire.

In your economics internships you’ll gain skills in teamwork, organization, accountability, and problem-solving among many others. Internship opportunities for economics students can foster great exploration of the field, since there are so many paths in economics to consider and understand.

How do I get an economics internship?

Getting an internship in economics is very exciting considering the sheer amount of companies who need capable advertisers. economics internships during summer 2020 will provide you with many valuable experiences, giving a real taste of what it’ll be like to work in economics down the line. You’ll connect with potential mentors, learn economics trade secrets, and build relationships with coworkers with a range of expertise. It’s also a plus if it’s a paid economics internship!

The best economics internship programs strengthen resumes, provide valuable avenues to letters of recommendation, and can even turn into full-time jobs. If you consider all of these perks of an economics agency summer internship and add the benefit of exploring different facets of one field, then start your economics internship search now!

Tips for your resume and profiles

Before you get started on sending out applications, make sure that you have your resume up to date and have fully filled out all your Handshake profile details. With a complete profile, an impressive economics internship is more attainable than ever. Recruiters are much more likely to message a student with a complete profile that says you want to work in economics than an unfinished one.

Tips for your internship interview

When you do land your first interview, be it a virtual interview or in person, make sure to come prepared and dressed to impress. Review your resume and cover letter to make sure you have specific examples of your experience to share, from clubs or coursework. You can even schedule a mock interview with your university’s career center or, if you’re tight on time, ask a trusted friend to grill you on some common interview questions.

Tips for networking at your economics internship

Once you’ve landed an internship in economics and settled into the flow of day-to-day life at the office, start chatting with your coworkers. Whether they’re industry professionals or fellow interns, it’s important to treat them with equal respect. You never know what insights they could lend, or who could be a valuable connection down the line, five or ten years from now. Don’t be afraid to ask your new colleagues out for quick coffee chats, or request 15-minute informational interviews about their career trajectory.

Want more tips for getting the most out of your internship?

Looking for specific advice before your internship begins? Or are you hungry for further information even after your internship is over? A good way to delve even deeper into your career path growth is to attend a virtual event or two. Not only will you be learning more about your own career, but there will also be chances to network with employers, industry specialists, and other students sharing different perspectives.

Jobs you can get as an economics major

Wondering where the “economics internships near me” are? The best internships for economics students can fall under any of the following roles we’ve listed here for you! Internships are meant to guide you towards your true desired career path and your summer 2020 economics internship could kick it off in the right direction. 

For internships, it doesn’t matter if you’re on the hunt for remote economics internships, economics based internships in Maryland, business economics internships, economics internships in the Bay Area, or economics internships in Chicago. The following job roles and suggestions on where to apply for economics internships can guide you in the right direction for whatever you’re looking for.

Economist

Economists examine and analyze supply and demand, inflation, and other social elements of a community or society’s economy. This data is especially useful in understanding and predicting future economic trends.

Companies you can apply to: Maxim Healthcare Services, Brookhaven National Laboratory, Cato Institute

Average pay: $56,500

Actuary

Actuaries use math and statistics to analyze data related to financial risk.

Companies you can apply to: Merck & Co., Inc., Unum, Erie Insurance

Average pay: $108,350

Investment Analyst

Investment analysts and managers work with clients to develop the best strategies for successful investments by researching, analyzing data, and evaluating businesses’ financial success.

Companies you can apply to: Goldman Sachs, Citi, Starwood Capital Group

Average pay: $60,000

Marketing Manager

Marketing managers oversee the promotional efforts of a company through marketing and economics campaigns. They manage the research, planning, strategy, and execution of the company’s marketing initiatives, which ultimately aim to increase sales or brand awareness.

Companies you can apply to: KPMG LLP, Apple, Microsoft

Average pay: $42,000

Tips and tricks for your economics internship

Want tips for getting and acing your economics internship? Look no further.

How do I get an economics internship?

When searching for economics internships, it’s key to use the location filters provided on Handshake. You’ll be able to pinpoint economics internships exactly where you want to intern just by selecting the city you want in the search bar. Economics internships in your preferred city are just a search away.

You can even research possible job roles that you might want to explore during your economics internship. Handshake also makes it easy to learn about roles in economics simply by using the job role search bar.

And if you want to take your research one step further, you can even research top employers in the economics field on Handshake. Just by using the Handshake employer search feature you can discover companies that are hiring in your specific field by filtering by “Industry.”

Where can I intern for economics?

Some companies that would be great for economics majors looking for internships: Goldman Sachs, Maxim Healthcare Services, or Citi.

Economics internships for college students can be found all over! Even companies that don’t seem to have a main focus in economics are looking for bright interns to help them develop.

Are economics internship jobs paid?

Yes, you can find paid economics internships on Handshake by using the search filters!

The average annual pay for full time economics jobs range from $42,000 to $108,350.

How much does an economics intern make?

The average annual pay for full time jobs in economics range from $42,000 to $108,350.

Are internships necessary for economics majors?

While it’s not required, internships are great opportunities for growth and experience. From economics internships for undergraduates to great seasonal economics internships, you’ll be able to build both hard and soft skills and network. 

What does an economics intern do?

Along with networking and gaining mentorship, economics interns will spend time working on skills great for later in their career journeys. economics interns will learn how to plan and execute concrete goals, communicate their visions effectively, project manage and collaborate with a team on a shared goal.

Where to apply for an economics internship?

Applying for economics major internships? Some companies that would be great for economics majors looking for internships: Goldman Sachs, Maxim Healthcare Services, or Citi.

What can you learn from an economics internship?

During your economics internship, you’ll learn some great generic skills like time management, accountability, organization, and teamwork. Additionally, you’ll be immersed in the world of economics which will help you develop your knowledge of industry standards and how to manage economics projects effectively.

What should economics interns put on their resume?

When putting together your resume, make sure to have all your skills, courses, and accomplishments laid out for employers to view. Also having your preferred job role and location on your Handshake profile is a great way to signal your interest to potential recruiters.

For economics interns, some great skills to list would be specific technical skills, time management, ability to follow through and execute, and ability to contribute and collaborate in a team setting. It’s also key to mention organizations or projects that you led and can explain thoroughly.