They research and negotiate the best possible plans for employees and might also be responsible for presenting and answering employee questions. Primary duties: Actuaries perform statistical and mathematical studies to define the financial outcomes of a certain risk. They might work with either public or private organizations to do risk analyses and financial forecasting.
Primary duties: Market analysts research and study data about the sale of products and services. They might work for a specific organization to study consumers and competitors, or a market research firm. Primary duties: Quantitative analysts use a variety of mathematical and statistical methods to perform risk management and other finance-related studies.
They might work with public or private organizations to research sales or purchasing habits to determine profitable opportunities. Find jobs. Company reviews. Find salaries. Upload your resume. Sign in. Finding a Job. This article has been approved by an Indeed Career Coach A degree in economics can provide a variety of job opportunities in nearly every industry, from local government and the sciences to finance and insurance. Best economics degree jobs.
Credit analyst. Personal finance advisor. Studying social policy and financial markets as part of an economics degree opens up careers in finance, accountancy and government departments Job options Jobs directly related to your degree include: Actuarial analyst Chartered accountant Compliance officer Data analyst Economist External auditor Financial risk analyst Investment analyst Political risk analyst Risk manager Statistician Stockbroker Jobs where your degree would be useful include: Business development manager Civil Service fast streamer Data scientist Diplomatic service officer Local government officer Management consultant Policy officer Quantity surveyor Remember that many employers accept applications from graduates with any degree subject, so don't restrict your thinking to the jobs listed here.
Work experience Look for work experience within the job sector that you're interested in. Typical employers Economists are employed in a variety of settings in both the public and private sectors. Economics graduates also find employment in areas such as: banks high street and city charitable and not-for-profit organisations consultancies insurance and accountancy firms government departments and think tanks. Skills for your CV An economics degree gives you subject-specific skills enabling you to apply economic principles and models.
You'll also develop valuable transferable skills, including: communication - presenting findings and explaining complex data numeracy - handling complex data and applying mathematical and statistical analysis methods problem solving - extracting information, drawing conclusions and making recommendations computing - using specialised software time management - completing specific tasks within designated time frames analytical skills - analysing research methods, data, conclusions and recommendations.
Further study You may choose to continue studying economics at a higher level, either for personal interest or to help with entry into a particular career. What do economics graduates do? Destination Percentage Employed Type of work Percentage Business, HR and finance How would you rate this page? Career opportunities for economists are diverse and unique, spanning business, education, and healthcare fields. Many economists work for local, state, or federal governments, while others practice forecasting and perform research for international corporations, think tanks, and research firms.
Many students pursue economics degrees because they are curious why the world works the way it does. Learners combine that curiosity with a methodical, organized mindset to research and analyze data to reach conclusions. By completing statistical analysis, research papers, and presentations, students in economics programs develop skills that will benefit them throughout their careers.
University programs with internship or cooperative learning opportunities allow students to further hone their abilities. Economists evaluate data from several sources to identify patterns and draw conclusions about how economic policies impact businesses, personal budgets, and the overall economy. Analytical skills allow economists to investigate questions from multiple angles to spot trends, understand how variables impact those trends, and accurately communicate those insights to others.
Economists must evaluate data sources and choose the most relevant data points to analyze. This process requires sound judgment, logical thinking, and the ability to infer missing information and identify potential biases. Economists must share their data-informed conclusions with business leaders and policymakers. Strong communication skills allow economics professionals to present data in an engaging and effective manner.
Many economics programs require presentations that hone students' public speaking skills for their future career. Economists often translate vast amounts of data into written reports. These reports summarize information, highlight relevant trends, and provide insight for future action. Students in economics programs develop their writing skills through presentations and research projects.
Aspiring economists can pursue careers at government agencies, corporate businesses, and global organizations. While programs may emphasize different coursework and prepare graduates for different roles, the following options are some of the most popular economics specializations. Economics students planning on careers as financial analysts or finance managers often pursue a concentration in finance, taking classes that cover topics like quantitative research, portfolio management, and asset valuation.
Some general economics degrees include a built-in finance specialization. Pursuing a specialization in econometrics trains students to apply mathematical and statistical methods to economic data evaluation. Courses include algebra, markets, and macroeconomics. Studying data analysis techniques prepares students for positions involving quantitative analysis, market research, and economic development. An international economics concentration typically combines coursework in finance, statistics, and economics in the context of the global marketplace.
Graduates can pursue careers as financial consultants and investment managers for international clients and corporations. Sometimes labeled as "market research," the study of the behavior and strategy of consumers and producers in economic markets is critical to a career in economics.
Specialists in economic behavior and strategy are qualified for positions as financial consultants and market research analysts. Specializing in data science can prepare students for careers as data scientists, market research analysts, and economists in government agencies, financial trading companies, and the corporate sector.
With abundant opportunities in business, finance, and government, economics careers are a natural choice for students adept at math and statistics. Students with an associate or bachelor's degree may qualify for entry-level positions in government agencies, although many employers require a master's degree or a doctorate. Graduates of an associate program can pursue careers as bookkeepers, accounting clerks, and administrative assistants in economics-related fields.
Bachelor's degree-holders can become entry-level economists, actuaries, accountants, and financial analysts. Graduates of a master's or doctoral program qualify for jobs as senior economists, postsecondary teachers, and postsecondary education administrators. An associate degree in economics or finance typically requires about 60 credits and introduces students to the principles of economics.
While most economics careers require at least a bachelor's, an associate degree allows students to try out entry-level careers as accounting clerks or bookkeepers to gain valuable experience and learn whether an economics career suits them. Bookkeepers track financial transactions for an organization, ensuring proper documentation of income and expenses. These professionals work in office environments, using various computer accounting programs.
Bookkeepers may work full or part time depending on business needs. Accounting clerks track financial statements for a business or organization, including accounts payable and accounts receivable ledgers. These employees may contact customers regarding past-due accounts or help prepare financial statements with auditors.
Most clerks work in office environments with minimal travel requirements. A company may assign an administrative assistant to a particular department or individual. Tasks vary by assignment, but may include customer correspondence, calendar management, and monthly expenditure tracking. Administrative assistants need strong communication skills and proficiency in word processing and spreadsheet software.
Working closely with investment brokers, clerks write orders for stock purchases and sales and confirm that those transactions take place.
They also document daily operations, review orders for accuracy, and manage data entry and filing systems. Insurance sales agents communicate with clients about insurance products, helping them make complex coverage decisions. Their work primarily takes place in an office setting, but agents may need to travel to meet with clients.
Agents must communicate effectively to learn about client needs and identify sales opportunities. The economics and finance courses that students take during a bachelor's program prepare them for entry-level economics careers like market research analyst and actuary.
Electives may allow students to specialize in areas like healthcare and marketing, opening up additional career opportunities. Accountants process financial data for individual clients and companies. They prepare tax documents and review reports for income forecasts. A bachelor's degree in a financial field gives students a foundational accounting education, but some employers may prefer to hire certified public accountants, who must complete additional educational requirements beyond a bachelor's.
Actuaries help insurance companies evaluate risk. Using statistical analysis, they review the cost of accidents, disability, sickness, and mortality. The conclusions they draw help insurance and retirement programs make sure they offer adequate funds to cover claims. Actuaries can work for government agencies and insurance companies.
Financial analysts help companies understand their resources and make decisions about future investments. Analysts identify and evaluate risks and provide information on companies' financial health, short-term outlook, and long-term growth potential. They also track performance against budgets and offer advice for weathering economic downturns. Compensation and benefits managers make sure that companies remain competitive in the labor market by offering pay and employee benefits that meet or exceed industry expectations.
They often work in the human resources department, enforcing employment laws, regulations, and company policies. These managers collect data on standard compensation packages and work with employees in groups and individually.
Market research analysts help companies design marketing messages that resonate with their target market. They often work with marketing strategists. These professionals use a variety of data sources to understand the consumer experience and decision-making process.
They also assist with pricing decisions and product distribution. Earning an online master's degree in economics demonstrates advanced knowledge of economic theories and principles. A master's degree also allows students to specialize in a particular area of economics. Graduates can take on leadership and managerial roles as policy analysts, senior economists, and statisticians. You can book a one-to-one appointment with a careers consultant on CareerHub.
An economics degree can take you in many directions. Some roles will directly draw on your economics knowledge, but the broad skills acquired are widely transferable across many sectors that handle data or quantitative analysis, from environment and health, to politics and development. Reply Retweet Favorite. Or maybe just looking to kn… twitter. Search Go. Careers in Economics. In brief Economists use and apply their understanding of micro and macroeconomics, econometrics, and mathematical and financial economics, to business situations.
Where can you work? Banks — institutions such as the Bank of England have an economist stream within their graduate development programmes. To find out more about the banking sector, visit our Careers in Banking and Investment page.
Other financial services companies — including insurance and accountancy firms. To find out more about the financial services sector, visit our Careers in Financial Services page. Economic consultancies often specialise in certain sectors, such as financial services, telecommunications, or utilities.
They will also provide particular kinds of consultancy expertise, such as competition policy, regulation, or market analysis. To find out more about a consultancy career, visit our Careers in Consultancy page.
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