An economics degree will help you find jobs in a number of industries, regardless of what industry you work in. The global job market is in high demand for highly numerate graduates, and the commonly transferable analytical and problem-solving capabilities established by economics students ensure that economics professions are incredibly varied.
A number of common economics occupations are described below, along with information about what to expect and the skills you’ll need. Read our guide to seeking a career after university for more detail about how to get a graduate job.
Economics careers in accountancy
Additional technical credentials are required to become a licensed accountant, although many accountancy positions are open to those who studied economics. Accounting positions encourage you to work in a range of sectors when managing an organization’s, business’s, or individual’s financial condition. Accountancy positions usually include documenting, classifying, translating, and sharing financial information.
Good analytical abilities, quantitative proficiency, computer literacy, comprehensive knowledge of all facets of a company’s accounting, and the ability to contextualize data are all required for these positions. Economics graduates are also capable of deciphering complex data sets and recognizing trends.
Economics careers in the public sector
Economics majors will be in high demand in all fields of public and private investment, including pricing and risk forecasting, financial consulting, and economic planning. In the public sector, economists are often interested in taxes, transportation, commercial and waste facilities, electricity, and other aspects of government spending. Students studying economics are currently in high demand, due in large part to the ongoing global crisis and the tightening of economic control by policymakers around the world.
Economics careers in business and financial consultancy
Actuarial and data analysis careers in economics
An actuary is a business specialist whose duty is to determine and consult on the financial challenges and difficulties that people face. Actuaries produce analyses and formulate risk-reduction plans based on their experience of both business and economics. The majority of entry-level jobs in this sector are in retirement and benefits, but you will have the ability to progress to fields such as finance, investment, and healthcare later on. Actuaries must be proficient in mathematics and arithmetic, as well as able to easily convey complex data to non-experts.