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Welcome Managerial Economics & Resource Economics Transfer Students!
As a Transfer Student, you may be wondering what exactly *is* a degree in Managerial Economics or in Resource Economics – it may not mirror any options available at your current or prior institutions.
Both Managerial and Resource Economics majors are STEM degrees – and the only B.S. degree in the College of Social and Behavioral Sciences – where you’ll dive into a math-rich curriculum that trains you to analyze data. You’ll gain a strong foundation in microeconomics, quantitative methods, and their application to real-world situations. Your professors will challenge you to think outside the box to creatively respond to society’s unsolved problems when no easy answers are apparent. Our classes, which emphasize team-based learning, will provide you with analytical skills that you’ll apply in your career or in graduate school. Our majors are leaders in research, analysis, business, policy creation, and decision-making across all societies.
We greatly value our transfer students’ contributions to our department. Even though UMass is a large place, the Resource Economics department prides itself in its close advising connections – you will have an advisor to help guide you all the way you’re your arrival on campus through graduation, meeting at least once a semester to check in and make sure you’re on track. We are always available for assistance!
What Do Managerial Economics and Resource Economics Majors at UMass Study?
Bachelor of Science in Managerial Economics
Managerial economics applies microeconomic theory and data analysis to business decision making. Students develop expertise in accounting, finance, business strategies, and market demand analysis. They also engage in work related to industrial organization, public policy, experimental economics, and behavioral economics. Microeconomic models and case studies are incorporated into the curriculum to demonstrate how an individual can make wise choices to operate effectively within a complex economy of millions of businesses linked by thousands of markets. If at your prior institution you studied/discovered an interest in Business, Management, Finance, Economics, Math, or Public Policy, this may be an especially good program for you.
Bachelor of Science in Resource Economics
Resource Economics prepares students to assist in public and private decisions about environmental and natural resource issues. Population and income growth are increasing the pressure on our resources, making allocation, management, and protection decisions among our top priorities. Water quality and supply, land use, climate change, pesticide policy, recycling, waste disposal, and marine fisheries management are some of the issues studied. Students learn to apply decision-making tools such as benefit-cost, risk-benefit, and cost-effectiveness analysis. They also engage in work related to environmental economics, natural resource economics, public policy, experimental economics, and behavioral economics. If at your prior institution you studied/discovered an interest in Sustainability, Conservation, Environmental Science, Public Health, Public Policy, Economics, Agriculture, or Math, this may be an especially good program for you.
How will my Transfer Credits apply?
Many of our degree requirements are courses you will have potentially taken at your prior institution – beyond writing and other general education requirements, we require Calculus, Statistics, Intro and Intermediate Microeconomics & Macroeconomics, and we could potentially apply other business/science classes toward our majors as well. If you’re coming in through the Mass Transfer block, your general education requirements will be automatically fulfilled and you can just focus on major courses and electives. Once accepted, a Resource Economics advisor will work with you 1:1 to review your transfer credits, track your remaining degree progress, and help you select appropriate coursework through to graduation.
We Encourage Our Resource Economics & Managerial Economics Transfer Students to Get Real World Experiences!
As a transfer student, we know that flexibility in your remaining time may feel limited. Since it’s likely that many of your transfer credits will fill our general education and even some major requirements, it’s very possible for you to still work in some enhancements to your degree – things like internships, research assistantships, and study abroad are all possibilities! It’s even an option to complete required credits by doing some of these experiences. Just make sure to mention these interests in an advising appointment so our counselors can help you work this into your plans. If timing is feeling particularly tight, there’s always an option to take summer/winter coursework to help make your goals come to fruition. To make sure that all of our students graduate career-ready, we have a required 1-credit course focused specifically on career development for both Managerial Economics and Resource Economics students.
What Careers are Available to me with a Managerial Economics or Resource Economics Degree?
Managerial Economics career opportunities include research, planning, marketing, and managerial positions in a wide range of firms and governmental agencies. Recent graduates hold positions in finance, insurance, banking, management, market research, merchandising, recruiting, consulting, and strategic planning as well as pursue graduate degrees in Resource Economics, Economics, and other fields.
Resource Economics prepares graduates for careers in research, planning, education, and administration with federal, state, or community governments; as well as in private businesses that provide services in various environmental and natural resource areas. It also prepares graduates to pursue advanced degrees in Resource Economics, Economics, and other fields.
Prior to graduation, many students in our major programs secure roles such as Data Analyst, Business Developer, Operations Manager, Client Manager, Buyer, Sales Associate, Auditor, Financial Advisor, Marketing Associate, and much more! The employment opportunities are abundant both locally and globally – wherever there is green energy, technology, or business, our students are well-suited to a wide range of opportunities.
Some examples of recent employers:
- Clean Energy: ISO New England, Level Solar, Solar Five
- Financial Institutions: BlackRock, Ernst & Young, Fidelity, JP Morgan Chase, State Street
- Government Agencies: Bureau of Labor Statistics, State/Town Departments (Public Works, Recreation, Transportation), United States Military, Environmental Protection Agency
- Healthcare: Athena Health, Dana Farber
- Insurance: The Hanover Insurance Group, Liberty Mutual, Travelers
- Retail: Anheuser-Busch, chewy, TJX Company, Volkswagen
- Technology & Social Media: Black Duck, Dell, Epsilon, LinkedIn, Oracle, Verizon, VM Turbo
How Much Do Our Majors Make?
According to the 2019 UMass Amherst Graduating Senior Survey open response data, undergraduates directly entering the workforce after graduation make an average annual income of $59,000.
What About Graduate School?
While Resource Economics and Managerial Economics majors are well-suited to enter the workforce in competitive jobs without immediate further studies, graduate school is an exciting alternative. Graduate studies provide an excellent way to further develop a particular skill set, delve deeper into your passions, and open doors to new employment opportunities such as academia, research, and project lead or specialist roles. Our students pursue degrees in fields such as: Accounting, Analytics, Business, Energy Management, Economics, Environmental Economics, Finance, Law, Public Policy, and Resource Economics.
https://sbspathways.umass.edu/videos/exploring-the-resource-economics-major/
