Department of Economics
Undergraduate Economics

Undergraduate Minors  | Undergraduate Majors

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Career Opportunities

What can I do with an Econ degree? Click here.

Economics is a versatile degree qualifying you for a wide range of career choices.  It instills habits of critical thinking and decision-making, and provides research and analytical skills, that are valued in many professions.  Economics majors find jobs in finance, banking, investment banking, sales and marketing, insurance and actuarial science, public administration, labor relations, foreign affairs, and journalism.

Economics is also great training for graduate studies, not just in Economics, but also in Finance.

Economics is particular good preparation of Law School.  Economics majors score higher on LSAT and GRE exams than do students in other majors.




The Department of Economics offers two scholarships for junior and senior majors in economics, the Walter P. Armstrong Scholarship and the Opus 1 Scholarship.  For details about them, please contact the Scholaship Office.

Internal Scholarships (Apply through FCBE) – Deadline: April 1

Opus 1

  • Full-time junior or senior majoring in economics
  • Must have submitted or planning to submit an article to Opus 1
  • Minimum cumulative GPA of 3.0 or higher

Economics Club of Memphis – Armstrong Scholarship

  • Full-time junior or senior majoring in economics
  • Minimum 3.25 cumulative GPA or higher
  • If awarded to a junior, the scholarship will be continued for one additional year, provided the recipient continues to major in economics and maintains a 3.25 GPA.

External Scholarships (Apply through the scholarship sponsor)- Deadline: varies

Minorities in Government Finance Scholarship/ Government Finance Officers Association

  • Awarded to full-time or part-time upper-division minority students majoring in finance, political science, economics or business administration
  • U.S. Citizen or permanent resident
  • Must belong to one of the following groups: Black/ African American, American Indian/ Alaskan, Asian, Native Hawaiian/ Pacific Islander, Hispanic/ Latino
  • Must plan to pursue a career in state and local governmental finance
  • To apply, visit



The Department of Economics believes strongly in the value of relevant work experience during undergradute studies and regularly places economics majors in a variety of internships. Applicantions and information are available through the Fogelman College of Business & Economics Internship Office.



Student Organizations

The University of Memphis is committed to providing a stimulating academic environment for its students. This includes developing opportunities that will enhance all students’ college experience and learning both in the class and out.


Omicron Delta Epsilon
Undergraduate economics majors are encouraged to apply for Omicron Delta Epsilon, the international Economics Honors Society. Membership is open to students who have complete 12 hours of economics coures with a 3.0 GPA average, and have a 3.0 GPA overall. Memphis is open to all students with an interest in economics, not just economics majors. Click here to download a Membership Application Form.



Economics majors tend to have one of the top median salaries, for both entry level and mid-career. but don't just take our word for, Check out these linksfor information about salaries for different majors.

Which College Majors Pay Best?
Top 15 Best Paying College Degrees
The 15 college majors with the biggest payoffs
Salary Increase By Major


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Last Updated: 11/21/13