The 21st-century workplace requires 21st-century qualifications. With the right skills and know-how, you can find a career that’s enjoyable and rewarding. It’s a no-brainer.

With all due respect: your job is probably great and all. You’re probably not struggling to make ends meet or feeling like you’re unfulfilled by your workday, but if you want something more — something different — then a career in applied economics might be worth looking into.

What is Applied Economics?

Few people know exactly what applied economics will entail when they first start out on that journey of self-discovery.

While earning your business degree, you’ll probably take a couple of economics courses. You might even do an independent study or internship focused on economics or do a specific Master’s program such as the MSAE Program Boston College.

It’s only once you actually start putting that knowledge into practice that you begin to see how it can be applied in the real world.

Whether you’re talking about software programs, marketing strategies, government programs, financial matters, or something else entirely — the 21st-century workplace needs people with the right skills and know-how to be successful.

You could find a career as an expert in one or more of those areas and apply your knowledge to everything from manufacturing and transportation to funding and retailing (to name just a few). 

How to Get a Job in Applied Economics

Here are four steps to follow on your career path into the field of applied economics:

Do an internship or short-term project in applied economics.

Internships are a great way to start. They’ll give you a first-hand look at what it’s like to work in the field, expose you to new ideas and concepts, and will hopefully impart some of those new ideas that you can apply the very next day.

For example, someone who has just earned a degree in mathematics might want to get an internship or short-term project related to banking.

Seek out a mentor.  

One of the most important things to keep in mind when pursuing a new career path is educating yourself.

You’ll always want to be ahead of your competition, and that begins with self-education. So first, find a mentor who knows more than you do about the field and start making connections by asking them questions.

Money-saving expert, financial advisor, or marketing professor? Ask them questions about their work, what they’ve learned from it, and what you must know to succeed in that field.

Join professional organizations.

When you’re just starting out, it’s useful to find organizations that have the same interests and goals as you. Joining one or more can give you the opportunity to network with others who are interested in the same things as you.

 For example: if a person is interested in marketing, they would want to join professional organizations that have to do with marketing or even start their own such a club at their school.

Stay up-to-date on market trends.

Keeping your finger on the pulse of current market trends will help you succeed when applying for jobs, find new areas where your talents could be used, and better understand what’s going on around you in general.