Economics and Business

This section includes Economics, Business, Engineering and Technology Management and Mineral and Energy Economics majors. On the Web: ONET Find out if this career could match your own interests and personality by using the two following surveys. Myers-Briggs Inventory-HumanMetrics Individual Interest Survey-O*Net What a First-Year Student Needs to Know About This Field Number of Credit Hours to graduate: 128 for B.S. program Majors: B.S. Economics and Business; M.S./PhD Engineering Technology Management and Mineral and Energy Economics

Department Head: Dr. Rod Eggert, reggert@mines.edu, 303/273-3981 Website: econbus.mines.edu/ Student Organizations: None Registration Info: Undergraduate: Dr. Scott Houser, shouser@mines.edu Graduate: Kathleen Feighny, kfeighny@mines.edu

Careers related to this field of study: Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services. They may conduct research, collect and analyze data, monitor economic trends, or develop forecasts. Economists research a wide variety of issues including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others. Study economic and statistical data in area of specialization, such as finance, labor, or agriculture. Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers. Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques. Formulate recommendations, policies, or plans to solve economic problems or to interpret markets. Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy. Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses. Supervise research projects and students' study projects. Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources. Teach theories, principles, and methods of economics. March 2013

Employment Picture: Employment of economists is expected to grow 3 to 9% from 2010 to 2020. Demand for economic analysis should grow, but the increase in the number of economist jobs will be tempered as firms hire workers for more specialized jobs with specialized titles. Many workers with economic backgrounds will work in related occupations with more specific job titles, such as financial analyst, market analyst, public policy consultant, researcher or research assistant, and purchasing manager. Overall employment growth also will be slowed because of the relatively high number of economists employed in slow growing or declining government sectors. Employment in Federal government agencies is expected to decrease, and employment in State and local government is expected to grow more slowly than employment in the private sector. Employment growth should be fastest in private industry, especially in management, scientific, and technical consulting services. Rising demand for economic analysis in virtually every industry should stem from the growing complexity of the global economy, the effects of competition on businesses, and increased reliance on quantitative methods for analyzing and forecasting business, sales, and other economic trends. Some corporations choose to hire economic consultants to fill these needs, rather than keeping an economist on staff. This practice should result in more economists being employed in consulting services.

RECRUITING COLORADO SCHOOL OF MINES STARTING SALARY OFFERS 2011-2012 Low $35,360 High $64,200 Average $48,813

B.S. M.S. ETM

$42,000

$99,000 $115,000

$67,379 $72,850

Min/Energy Econ $30,000

March 2013

Employers who have recruited at CSM during the last 5 years for Economics & Business Majors
(BOLD indicates on-campus recruiting; Plain indicates Job Postings in DiggerNet; companies also recruiting for Internships noted with *.)
Company Name Air Force Reserve Advanced Forming Tech Allied Mineral Products Anvil corporation Arch Coal Ascend Analytics Asian Development Bank Aslan Construction Atkinson Consruction* Atlas Copco Audubon Engineering AXA Advisors Barnard Jacobs Mellet USA BCS BD Diagnostics Bechtel National * Bentek Energy * BHP Billiton - New Mexico Coal Bishop-Brogden Associates Bimbo Bakeries USA Black Hills Energy Blue Sky Energy Boston Market Boulder County BP * Caterpillar* CDR Associates Central Operating CGN & Associates CH2M Hill* Charles G. Koch Charitable Fdn City of Aurora City of Pueblo Claims Resolution Center CloudSync. Colo Casualty Insurance Colo Public Health and Env Colorado Springs Utilities Colorado Watershed Assembly Congressman Ed Perlmutter CRU CU Service Network ConocoPhillips Covidien (Formerly Tyco) Denver Drywall Denver Teaching Fellows Denver Water Department DOE - Environmental Mgmt Dept of Veterans Affairs DISH Network Duff & Phelps Edward Jones * El Paso County El Pomar Foundation EnCana Oil & Gas * Energy & Resource Consulting Group, LLC Energy Acuity Energy Future Holdings* Energy Ventures Analysis Enserca Engineering EOG Resources, Inc. Epic Escape Velocity Systems EVRAZ Rocky Mtn Steel * ExxonMobil FBI * Federal Highway Admin* Flatiron Construction Fluor Forest Oil Corporation Four Winds Interactive* FritoLay (PepsiCo)* Galt & Company GCS Group George K. Baum & Company G-Force Trading Golden Software GWD Engineering & Design Halliburton Heartland Energy Dev. Company Name Company Name Hecla Limited * Hensel Phelps Construction * HGST, Western Digital Co. HighMount E & P * Honeywell Tech Solutions IAMGOLD Corporation IBM Systems and Tech Group IHS Imerys * Ind Cap Asset Partners Intela Intellection Corp Intelligentsia International International Royalty Corporation Intrepid Potash ITT Visual Information Solutions IQNavigator J.R. Simplot Company Jeppesen * Junction Solutions Kinder Morgan Kinross Gold Larimer County* Leppert Associates* Level 3 Communications* LGS Innovations* Lockheed Martin* Low Energy Systems Luca Technologies Luminant M.A. Mortenson * MapQuest* Marathon Oil* Markit On Demand Merkle* MetLife Metso Minerals Industry M-I SWACO* Milender White Construction MillerCoors* Company Name Missile Defense Agency MSI Kenny* Nalco Company * NASA Research Program Centers* National Instruments* National Ren. En. Lab (NREL)* Natural Capitalism Solutions* Nolte Associates * Northwestern Mutual* NREL* Oak Ridge Inst for Sci and Edu Office of Minerals Mgmt. OCI * PA Consulting Group Pacific NW Nat'l Lab PaleoResearch Institute* Particle Measuring Systems Peace Corps * Performance Friction Petroleum Field Services* Philadelphia Insurance* Physical Metallurgy Lab Precise Cast Prototypes* Precision Castparts Premier Roofing Production Control Services Provident Funding QualVu Qwest Communication Radyne Corporation Recondo Technologies Reg Transportation District* Renewable Energy Sys (RES) Resource Erectors Return Path Rio Tinto * River North Env Testing, Inc. Rocky Mtn Nature Assoc* Rocky Mountain Reagents R.W. Beck *

ICAST (Sustainable Technology) Newmont Mining*

Cabot Superior MicroPowders* Fast Enterprises*

March 2013

Company Name Safe-T-Gard SAIC* Sandvik Mining and Const* SBM Site Services Schlumberger Tech SDL International Seagate * Service Magic, Inc. Shell* Sierra Design Build, Ltd. Sierra Nevada Corporation Solvay Chemicals * SourceGas Southern Ute Growth Fund Spectranetics Corporation Superior Well Services*

Company Name Swift Sport Optics Tech-X Corporation Terex - Mat Proc & Mining TGS-NOPEC The Bonneville Power Admin. The Colo Health Foundation The Institute for Systems Research* The Shaw Group The White House * TIMET Timken Company * TOTAL * Trainor Glass Company Trane * Trimble Navigation* Tudor Pickering & Holt

Company Name U.S. Bank U.S. Department of Energy* U.S. DOI Indian Affairs U.S. DOI Mineral Mgmt Ser* U.S. DOL/MSHA U.S. EPA* U.S. Geo Survey (USGS)* U.S. Naval Engineering Prog. U.S. Navy U.S. Steel Corporation *

Company Name Vallourec & Mannesman Valve and Filter Corporation Vista GeoSciences Wall Street On Demand Wells Fargo Financial Wstrn Hardrock Watershed Western Interstate Energy Board Wstrn United Elect Supply Wood Mackenzie Woodward

Ultimate Results WooshCom Univ. Atmo Research (UCAR)* World Minerals* UNAVCO, Inc. UNAVCO Xcel Energy * UNAVCO, Inc.Alliance United Launch XEGY/Granite Tech UNAVCO, Inc. URS Corporation Zayo Group UNAVCO, Inc. Vail Resorts Management United Launch Alliance University Corporation for Atmospheric Research (UCAR)* University Corporation for Atmospheric Research (UCAR) University Corporation for Atmospheric Research (UCAR) University Corporation for Atmospheric Research (UCAR) University of Colorado at Boulder/CIRES Urban Servant Corps* USGS Vail Resorts Management Company Valve and Filter Corporation Vista GeoSciences LLC Wall Street On Demand Wall Street On Demand Wells Fargo Financial Western Hardrock Watershed Team Western Interstate Energy Board White House * White House White House WooshCom Corp WooshCom Corp XCEL ENERGY* XCEL ENERGY XCEL ENERGY XCEL ENERGY XCEL ENERGY XEGY/Granite Technologies, Inc.

March 2013