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Economics

Home to more than 30,000 businesses — including Deere & Co. World Headquarters, 3M, Alcoa and the Rock Island Arsenal — the Quad-Cities area is a rich environment for economists.

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Hunter Hill
Economics major Hunter Hill '15 was team captain for Augustana's D3 final four team.

Augustana offers a major and minor in economics. Most economics students double-major in another discipline, such as accounting, business administration, mathematics, a language or the natural or social sciences.

Careers/internships

Augustana’s full-time director of business internships works closely with accounting, business and economics students to place them in their ideal internships, both national and international. Ninety percent of business students complete internships, compared with 75 percent nationwide.

About 75 percent of Augustana’s economics majors continue and excel in graduate or professional school, most commonly law or M.B.A programs. Recent examples include Michigan State (economics), Iowa State (statistics), John Marshall University (law), Southern Illinois (economics), University of California-San Diego (public policy) and University of Illinois (finance). Other graduates pursue careers in government or industry; recent examples include Epic Software (Madison), Ogilvy & Mather (Chicago) and FDIC (Milwaukee).

Recent graduates

Michael Hickey '18 is a merchandising analyst with the HON Company in Muscatine, Iowa.

My Pham '18 is received a master's degree in business analytics and accounting from the University of Texas at Dallas.

Stefan (Long) Nguyen '16 is pursuing a Ph.D. at the University of Delaware.

Luke Robinson '17 is a Full Stack Developer with 38th Street Studios in Chicago.

Sarah Funke '17 is an audit associate for Deloitte in Chicago.

Mike Baugh '16 is an internal auditor at John Deere in Moline.

Joseph Wood '15 is a research assistant to Dr. Eliot A. Cohen at The Johns Hopkins University, Paul H. Nitze School of Advanced International Studies.

Vincent Giglierano '15 is an advisor with Faegre Drinker in Washington D.C.

Colin Arnold '14 is an internal client advisor with J.P. Morgan Asset Management in Chicago.

Matthew Paris ’13 is a financial institution examiner with the FDIC in Milwaukee.

Adam DeSimone '12 is a forecasting supervisor for Dart Container, Okemos, Mich.

Distinctions

The economics major is 27 credits, and the economics minor is 18 credits, both including courses in macroeconimcs, microeconomics, and specific topic areas such as development or environmental economics, and international trade and finance.

Both the major and minor also include courses in accounting, business statistics and mathematical probability/statistics; additional accounting and mathematics courses are recommended, plus philosophy.

Most Augustana economics students double-major in another discipline, such as accounting, business administration, mathematics, a language, or the natural or social sciences.

Home to more than four municipalities and more than 30,000 businesses — including Deere & Company World Headquarters, 3M, Alcoa and the Rock Island Arsenal — the Quad-Cities area is a rich environment for economists. During the annual Business Day, a premiere job-shadowing event exclusively for Augustana students, economics majors job-shadow with an employer they choose from among hundreds of area companies.

Through the business club and the investment club, students interact with employees and business leaders from various industries. These clubs help students develop their career paths through educational resources and corporate involvement.

What students say

Joseph Wood '15, economics and political science; economics advisor, Washington, D.C.

"Since I went to a very small high school, I really appreciated the small class sizes at Augie. The opportunities for direct interaction with faculty and
campus involvement were also very important to me. The individualized attention here, the personal investment of the professors, has been priceless. Had I gone to a larger, more research-oriented university, I probably wouldn't be having this conversation."

Vuk Bojovic '14, economics; communication studies minor; Global New Business Director, Turner Duckworth, New York City

"I came to Augustana from Serbia, not knowing what I wanted to study or how it would help me shape my future. My goal was to get comfortable with the American college culture and to experience everything that it has to offer. I got a degree in economics, a discipline whose models helped me grasp the behavior of the markets that are applicable in any field. I got to go to East Asia and learn about cultures that are different from both American and Serbian. Because of my experience, I will always be a big advocate of liberal arts education.

... I am a true citizen of the world, and Augustana helped me realize that. Not that I am surprised by it, but the small campus/class size and environment pushed for more interactions with others and exploration of self."

Molly Polka '14, economics and business; Graduate student in the M.B.A. program at Ball State University

"As cheesy as this sounds, I learned that learning is fun. Thanks to my liberal arts degree, I was forced to take a wide variety of courses in many different disciplines; I found that I enjoyed all of them!

... Furthermore, there are far too many teachers that I owe my gratitude-professors who shaped and transformed me over the years-individuals I will never be able to fully thank."

Adam DeSimone '12, economics and mathematics; forecasting analyst, Dart Container, Okemos, Mich.

"The Texas Medical Center Summer Research Internship Program ... was a truly defining academic experience for me. Prior to the biostatistics and medical decision-making research that I did at Houston's M.D. Anderson Cancer Center, I still did not know whether to pursue law school or an economics graduate program. That experience really took my interest in economics to a new level.

College is what you make of it, especially at a liberal arts institution. If you enter with an open mind and a strong work ethic, you will be amazed at
the connections you can make between multiple disciplines, and what you can learn about yourself in four years."

edge interns

An entrepreneurial spin on summer internships

When students found their summer internships canceled by the pandemic, the EDGE Center found a way.

CFA team

Augie brings home the silver in CFA competition

Augustana students won second place among a dozen teams at the CFA Institute Research Challenge in Chicago.

From FYI to foreign service: Melinda Pavek '92

Melinda Pavek ’92 recently visited the studios of WVIK, Quad Cities NPR, to record an interview with Augustana's "Life of the Mind" podcast.